DislikedOver a 1000 pip range today, mostly down of course.
If Lion is still in beers are on him.
G-ManIgnored
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DislikedOver a 1000 pip range today, mostly down of course.
If Lion is still in beers are on him.
G-ManIgnored
Dislikedy'd u took a long trade while it was a short trend ?
could u pls explain that to me? ?Ignored
DislikedGood for you bravado. I could kick myself for not doing the same on eur/jpy after the touch of 150 - and more so at the late little bear trap, but these days it seems only the "sell" and "stop" neurons are working, grrrrr....
hijackxx - down market works pretty much the same as an up market, it's just that this trend is roughly 6 times faster than the rise, so one needs to be much more nimble than I am to counter-trade. But the same methods apply.Ignored
DislikedHonestly, who was able to lose money today ?
Any strategy should have a winner. Today main moves could have rounded you no less than 2000 pips.
I took 700*.5 lot out of them using pure action trading on tick chart. That is one of the most rewarding and crazy day i have ever seen !
Hope tomorrow will go the same
@ Bravado : i suppose you make a leaving of the forex now ?
edit : i forgot, my best trade today, 150 pips in 3 minutes !!!Ignored
DislikedExcellent observation! I was looking at this monthly not too long ago and noticed a level at 249.17 back in August 1992. Based on that and previous action, it seemed plausible that a reversal with large implications was nearing. I called a large fall (on another site) at around that level. The resistance fell just below 249.00 for a week and a half that proved a great (and very profitable) wall to short scalp from and then it broke up to just over 251.00 (which is our recent high).
So from our high at 251.09, there is a possibility that this may now fall to somewhere around 221.00 (based on historical data). That's about 3000 pips of which we have currently seen over 1200 and should shake out a few carry traders! It's a possibility only and is not set in stone, but there is a scope there to trade within.
ZIgnored
DislikedI posted the above here about 2 weeks ago. See http://www.forexfactory.com/showthre...16691&page=846
Now the 221.xx target has been hit with a bounce of 600 pips. So from the high of 251.xx we have seen about 3000 pips. The question is whether 221.xx will hold? Time will tell.
I forecast this fall about 6 weeks ago on another site with a revision once the high was in. If you don't believe me, you can verify it at http://www.fxsurfer.com/forums/showt...p?t=60&page=25 and http://www.fxsurfer.com/forums/showt...p?t=60&page=24
ZIgnored