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  • #12,621
  • Feb 12, 2018 7:18am Feb 12, 2018 7:18am
Quoting mbrown
{quote} Agreed. Closed my shorts at 2260 after price tested 2258 and failed to extend below. I'll look for other sell opportunities higher. I think price is staying in range today and today's high has already been established. I still have a micro short in case price does breaks lower only to reduce the regret. The size means it won't have an impact on the account but there will be a large emotional benefit.
If this 4Hr candle closes below 2258 then it's moving towards short, but still needs a harder push though
  • #12,622
  • Feb 12, 2018 7:20am Feb 12, 2018 7:20am
Quoting Traderview
{quote} If this 4Hr candle closes below 2258 then it's moving towards short, but still needs a harder push though
Agreed but I don't think the harder push is required to get to 2217 as long as it can get below the daily pivot at 2252.

Quoting mbrown
{quote} Agreed but I don't think the harder push is required to get to 2217 as long as it can get below the daily pivot at 2252.

13:31: Exit short signals across the board so I've exited my shorts except for a few small ones (BE+1) for regret purposes.
  • #12,623
  • Feb 12, 2018 7:39am Feb 12, 2018 7:39am
Quoting mbrown
{quote} Agreed but I don't think the harder push is required to get to 2217 as long as it can get below the daily pivot at 2252. {quote} 13:31: Exit short signals across the board so I've exited my shorts except for a few small ones (BE+1) for regret purposes.
The strong push i meant was to cross below 1.2240. Between 1.2240 - 1.2200, i think, it's a very tough area. There will be some significant battle between the bears and the bulls.

Lets see.
  • #12,624
  • Feb 12, 2018 7:42am Feb 12, 2018 7:42am
One of my favorites. I call it "the switch".. Market going slightly down, at trendline price pretends to breakout but we get a narrow range high volume bar that is then easily taken out by the next one in the dominant direction.
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Trouble lies in what we believe to know for sure that just ain't so.
  • #12,625
  • Feb 12, 2018 7:49am Feb 12, 2018 7:49am
Quoting FXScotland
Like watching paint dry this morning! I've taken a small trade long at 1.2269 SL 15pips. Price is above the 1hr exp moving median and has bounced off it a couple of times. Looking to hold it till around 1.2292 if price wants to test those levels again.

Well that didn't work. Completely on the wrong side of that move!
  • #12,626
  • Feb 12, 2018 7:50am Feb 12, 2018 7:50am
Quoting MrPresident
I'm short with a stop above the 20-day moving average, 1.236. My target is 1.216, and then 1.21. After that, I think it might got back to 1.15/16 before staging a rebound. I went bearish on the pair after it broke the 20-day moving average, ending the strong bull run since the end of last year. End of day Friday was not a strong move up because it only went to find support at 1.225. The next strong resistance for this pair is 1.23. I don't think it will turn bullish anytime soon on the daily chart since there is still panic in equities. The best...
failed to break 1.23 as predicted hehehe
Don't Worry Be Happy
  • #12,627
  • Feb 12, 2018 7:57am Feb 12, 2018 7:57am
I m beginning to think that we may be in a full blown correction of this upward move.
When you see it, BET big.
  • #12,628
  • Feb 12, 2018 7:59am Feb 12, 2018 7:59am
This market is sooooooooooo narrow.
When you see it, BET big.
  • #12,629
  • Feb 12, 2018 8:00am Feb 12, 2018 8:00am
Quoting Rennaissance
I m beginning to think that we may be in a full blown correction of this upward move.
it can go to 1.216 or 1.21 where it should find some buying support, it is weak right now
Don't Worry Be Happy
  • #12,630
  • Feb 12, 2018 8:03am Feb 12, 2018 8:03am
Quoting Rennaissance
I m beginning to think that we may be in a full blown correction of this upward move.
which upward move?
Trouble lies in what we believe to know for sure that just ain't so.
  • #12,631
  • Feb 12, 2018 8:04am Feb 12, 2018 8:04am
Quoting MrPresident
{quote} it can go to 1.216 or 1.21 where it should find some buying support, it is weak right now
Big move coming for sure, the narrowness of the market helps big guns accumulate their line.
When you see it, BET big.
  • #12,632
  • Feb 12, 2018 8:04am Feb 12, 2018 8:04am
Quoting Rennaissance
I m beginning to think that we may be in a full blown correction of this upward move.
Man I don't mean to be critical, but this was obvious last week.
  • #12,633
  • Feb 12, 2018 8:04am Feb 12, 2018 8:04am
Quoting ivob
{quote} which upward move?
The move from 1.03
When you see it, BET big.
  • #12,634
  • Feb 12, 2018 8:14am Feb 12, 2018 8:14am
today ive learned im incapable of trading any other style than scalping xD a lesson that cost me a few % off my account but better late than never
  • #12,635
  • Feb 12, 2018 8:15am Feb 12, 2018 8:15am
Quoting Rennaissance
I m beginning to think that we may be in a full blown correction of this upward move.

If it can stay above the 38.2 fib or the 1.22237 area then it is only a correction//Below it's all Bearish,

and then we could see a run to 1.2500 or lower IMHO


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  • #12,636
  • Feb 12, 2018 8:19am Feb 12, 2018 8:19am
Quoting cloudypips
today ive learned im incapable of trading any other style than scalping xD a lesson that cost me a few % off my account but better late than never
when you have the urge to scalp, then don't because it is probably a bad decision

you are more safe trading off the daily chart and placing your stops away from support or resistance levels

https://www.theguardian.com/commenti...ecision-making

"Scientists have discovered that higher levels of the hormone cause aggression and impaired decision-making. It’s all good news for older men"

I have a problem with this too but I slowly learn to control myself. Feeling the urge to scalp is all due to testosterone, greed, and fear.
Don't Worry Be Happy
  • #12,637
  • Feb 12, 2018 8:22am Feb 12, 2018 8:22am
Quoting MrPresident
{quote} when you have the urge to scalp, then don't because it is probably a bad decision you are more safe trading off the daily chart and placing your stops away from support or resistance levels
ive tried that and other styles and im only successful at scalps
  • #12,638
  • Feb 12, 2018 8:33am Feb 12, 2018 8:33am
Quoting Rennaissance
{quote} Big move coming for sure, the narrowness of the market helps big guns accumulate their line.
Nobody knows man... that's the holy grail... One can only act as it happens...
Trouble lies in what we believe to know for sure that just ain't so.
  • #12,639
  • Feb 12, 2018 9:16am Feb 12, 2018 9:16am
waiting.. for confirmation.. if i see 2 consecutive bear candle.. i sold..
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  • #12,640
  • Feb 12, 2018 9:18am Feb 12, 2018 9:18am
Still on sidelines.. choppiness continues.. (not shifted to bullish yet.. 1.2275 is key for bulls)

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