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  • #72,521
  • Jan 11, 2019 7:46am Jan 11, 2019 7:46am
Quoting Mitiblotch
Gradually scrubbing the resistance. Matter of time. We are waiting.
What are your thoughts? The price action isn't looking bullish to me. Although there is for sure a battle going on right now.

You thinking it going to 1.1580 today the Monthly Pivot High?
  • #72,522
  • Jan 11, 2019 7:46am Jan 11, 2019 7:46am
Quoting engweijie
Ugh stopped out at +6 thats no fun
Re-entered on a hunch. Short 1.15356. Hope she treats me better.
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You hesitate, you masturbate.
  • #72,523
  • Jan 11, 2019 7:48am Jan 11, 2019 7:48am
Closed my long position. Looks like battle but after all looks like it is going down.
  • #72,524
  • Jan 11, 2019 7:50am Jan 11, 2019 7:50am
if 4-h candle closed above 1.1535, thn we might see 1.1550 coming
  • #72,525
  • Jan 11, 2019 7:51am Jan 11, 2019 7:51am
Quoting engweijie
Ugh stopped out at +6 thats no fun
As several have mentioned ,,will probably go no where till high is tested ,, slowly short term bears being lured in then boom a trip towards the highs ,,tough day for much ,, all one can do is watch the highs and lows ,, see which one is climbing (support) or sinking (res) couple consolidation days,, lack of interest on a friday ,, this is why this turd only averages 8 or so pips a day in a trending direction lol,, kinda makes the dire warnings of the rocket ride from the other day a bit comical ,,,,for the day bout an even wash but a slight edge to the bulls
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  • #72,526
  • Jan 11, 2019 7:52am Jan 11, 2019 7:52am
Quoting digger1
{quote}As several have mentioned ,,will probably go no where till high is tested ,, slowly short term bears being lured in then boom a trip towards the highs ,,tough day for much ,, all one can do is watch the highs and lows ,, see which one is climbing (support) or sinking (res) couple consolidation days,, lack of interest on a friday ,, this is why this turd only averages 8 or so pips a day in a trending direction lol,, kinda makes the dire warnings of the rocket ride from the other day a bit comical ,,,,for the day bout an even wash but a slight...
True. I'm out of the second short too. Been swinging both ways today (you saved my Asia session with those warnings earlier )

Happy weekend digs! You know we love you
You hesitate, you masturbate.
  • #72,527
  • Jan 11, 2019 7:52am Jan 11, 2019 7:52am
But not sure, looks like price accumulating, having traders to sell and than going up again. Market makers playing this one really smart.
  • #72,528
  • Jan 11, 2019 7:53am Jan 11, 2019 7:53am
get ready with the new hour we will fly up. close the long plan at 23:00
  • #72,529
  • Jan 11, 2019 7:54am Jan 11, 2019 7:54am
Quoting Leodavinci
get ready with the new hour we will fly up. close the long plan at 23:00
Agreed
Observation is the path to discovery.
  • #72,530
  • Jan 11, 2019 7:54am Jan 11, 2019 7:54am
Quoting digger1
{quote}As several have mentioned ,,will probably go no where till high is tested ,, slowly short term bears being lured in then boom a trip towards the highs ,,tough day for much ,, all one can do is watch the highs and lows ,, see which one is climbing (support) or sinking (res) couple consolidation days,, lack of interest on a friday ,, this is why this turd only averages 8 or so pips a day in a trending direction lol,, kinda makes the dire warnings of the rocket ride from the other day a bit comical ,,,,for the day bout an even wash but a slight...
Just a matter of time, Diggs. Just a matter of time. That top looks like it will go! If it doesn't and we see a solid bear candle, of course, we short it to abyss with N.Y.

And if price wants to go down, this large number of sellers have to be used for liquidity first before heading down and that means some fake resistance breaks
Attached Image
  • #72,531
  • Jan 11, 2019 7:56am Jan 11, 2019 7:56am
Quoting Leodavinci
get ready with the new hour we will fly up. close the long plan at 23:00
May I ask, what timezone is that 23:00 and how did you factor in that exact hour into your analysis? Thanks in advance!
You hesitate, you masturbate.
  • #72,532
  • Jan 11, 2019 7:57am Jan 11, 2019 7:57am
Quoting engweijie
{quote} Re-entered on a hunch. Short 1.15356. Hope she treats me better. {image}
Out at +10. Looking for buy entries now
You hesitate, you masturbate.
  • #72,533
  • Jan 11, 2019 7:59am Jan 11, 2019 7:59am
Quoting engweijie
{quote} Out at +10. Looking for buy entries now
With so small targets, how do you set the initial stop? Let's say you risk 5 or so, might be stopped a lot. But if risked more, you need a high win rate. Did you run some stats for that?
Fix up, trade sharp ...
  • #72,534
  • Jan 11, 2019 8:00am Jan 11, 2019 8:00am
Quoting engweijie
{quote} May I ask, what timezone is that 23:00 and how did you factor in that exact hour into your analysis? Thanks in advance!
23:00(gmt +3)
i use gann methods
  • #72,535
  • Jan 11, 2019 8:00am Jan 11, 2019 8:00am
Quoting engweijie
{quote} True. I'm out of the second short too. Been swinging both ways today (you saved my Asia session with those warnings earlier ) Happy weekend digs! You know we love you
Lol,, dragging ,,faded away to z land ,, long week,,, doesent look like I missed much here ,,Kayi must have lost his oar on this wave riding mission or Knkie gave the mkt a hit and put it in slow motion
  • #72,536
  • Jan 11, 2019 8:01am Jan 11, 2019 8:01am
Quoting Hickson
{quote} With so small targets, how do you set the initial stop? Let's say you risk 5 or so, might be stopped a lot. But if risked more, you need a high win rate. Did you run some stats for that?
My SL is generally 3 to 7 pips. So its a fair R:R ratio

Quoting Leodavinci
{quote} 23:00(gmt +3) i use gann methods
Thank you. I'll read into that this weekend. Have a good one!
You hesitate, you masturbate.
  • #72,537
  • Jan 11, 2019 8:02am Jan 11, 2019 8:02am
Quoting engweijie
{quote} May I ask, what timezone is that 23:00 and how did you factor in that exact hour into your analysis? Thanks in advance!
He means close the long by end of day.
Observation is the path to discovery.
  • #72,538
  • Jan 11, 2019 8:03am Jan 11, 2019 8:03am
Quoting engweijie
{quote} My SL is generally 3 to 7 pips. So its a fair R:R ratio {quote} Thank you. I'll read into that this weekend. Have a good one!
True. Could work with a low spread broker. Playing the ranges must be your favorite I guess.
Fix up, trade sharp ...
  • #72,539
  • Jan 11, 2019 8:06am Jan 11, 2019 8:06am
Vola please!

Signs of bullish weakness? But still it's a friday...
Only risk I'll take is to wait for LO-LO to break to enter, MS @ 1.1466 (Fib 38.2) MT @ 1.1363 (Fib 78.6)

Greetings
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What's that smell? ---- I smell money!
  • #72,540
  • Jan 11, 2019 8:06am Jan 11, 2019 8:06am
Quoting Hickson
{quote} True. Could work with a low spread broker. Playing the ranges must be your favorite I guess.
I have variable targets depending on the time of the day. Asia session I try for 5 to 15 pips, small targets add up. Early London I try to shoot for some bigger ones, 20 to 30 pips so my SL is widened accordingly, maybe 15 to 20 pips? Depends on my entry, how close it is to various pivots, where's the next S/R and so on. Lots of variables. But times like now imho shooting for small, conservative targets when the market is ranging is a safer bet.

Quoting Alorente
{quote} He means close the long by end of day.
Ahh, I see. Thanks!
You hesitate, you masturbate.
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