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Pinoy in MerLion City

  • #41
  • Jun 16, 2008 8:46pm Jun 16, 2008 8:46pm
What the heck happened to my bearish feeling?

Anyway, here's what happened, 1.5456 was a resistance turned support.
Looking at 5M, price has not crossed 200ma - which is one of my signal.. The 200ma turned into a nice support... boom.. the rocket launched...
Attached Image (click to enlarge)
Click to Enlarge Name: EU_17JUN_0936.JPG Size: 103 KB
  • #42
  • Jun 16, 2008 8:52pm Jun 16, 2008 8:52pm
Another Bearish feeling for this pair... but in the lower TF, it's really in a range.. so I can't find a good entry...and my signals are not appearing yet. I'll wait for euro session..
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  • #43
  • Jun 16, 2008 9:01pm Jun 16, 2008 9:01pm
Hehehe..man, this is another bearish feeling that shot me straight between my eyes...

That's why i prefer most of the time to scalp then hold onto it if it looks promising...
Attached Image (click to enlarge)
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  • #44
  • Jun 16, 2008 9:14pm Jun 16, 2008 9:14pm
Just want to share a nice trading rules by Boris Schlossberg and Kathy Lien of DailyFX - I find it very helpful.

1. Never Let a Winner Turn Into a Losser.
2. Logic Wins; Impulse Kills.
3. Never Risk More Than 2% Per Trade.
4. Trigger Fundamentally, Enter and Exit Technically.
5. Always Pair Strong With Weak.
6. Being Right But Being Early Simply Means That You are Wrong.
7. Know the Difference Between Scaling In and Adding to a Loser.
8. What is Mathematically Optimal is Psychologically Impossible.
9. Risk can be Predetermined; But Reward is Unpredictable.
10. No Excuses, Ever.

I try to recite them before I trade to remind me of my weakness.. some of them, honestly
  • #45
  • Jun 16, 2008 9:24pm Jun 16, 2008 9:24pm
You guys might be interested in checking this out. I'm still bearish with mr.geppy and another sign is the divergence formed...
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Click to Enlarge Name: GJ_17JUN_1020.JPG Size: 109 KB
  • #46
  • Jun 16, 2008 9:47pm Jun 16, 2008 9:47pm
update post#21

the resistence didnt work out


http://bp2.blogger.com/_soa35Q8-2NA/.../6blog.uj5.GIF
  • #47
  • Edited 11:36pm Jun 16, 2008 11:35pm | Edited 11:36pm
Quoting winston
Another Bearish feeling for this pair... but in the lower TF, it's really in a range.. so I can't find a good entry...and my signals are not appearing yet. I'll wait for euro session..
I'm entering a short on this pair.. 212.15. A signal on my scalp. Please don't follow blindly. This is what my strat tell me. GJ
  • #48
  • Jun 16, 2008 11:51pm Jun 16, 2008 11:51pm
Quoting winston
I'm entering a short on this pair.. 212.15. A signal on my scalp. Please don't follow blindly. This is what my strat tell me. GJ
211.95 is M_R1 - making a nice support - a break of this would give strength to the downside.
  • #49
  • Jun 17, 2008 1:43am Jun 17, 2008 1:43am
Quoting winston
211.95 is M_R1 - making a nice support - a break of this would give strength to the downside.
Market is in range today... close for -20. Better stay out..wait for a break..
  • #50
  • Jun 17, 2008 5:32am Jun 17, 2008 5:32am
Quoting winston
Looking at the charts today, looks like i will be looking for short opportunities. Anyway, let's wait and see. Seems like the upside is loosing momentum for eu,gu, and gj. You can see some candlestick patterns on the 4H TF that we may be looking for a reversal... hmmm... patience.
This is the bear monster i've been waiting for..
  • #51
  • Jun 18, 2008 8:10pm Jun 18, 2008 8:10pm
Both are in 50 fib.. A strong resistance level for fiber. Cable might go through until 68 as seen previously.. Will watch PA in lower TF.
Attached Image (click to enlarge)
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  • #52
  • Jun 19, 2008 3:57am Jun 19, 2008 3:57am
Quoting winston
Both are in 50 fib.. A strong resistance level for fiber. Cable might go through until 68 as seen previously.. Will watch PA in lower TF.
Wow! as expected. The strong resistance in EU at 1.5580.. made a reverse as previous.

The GU went forward passed the 61.8 fib until weekly R1.
  • #53
  • Jun 30, 2008 12:41am Jun 30, 2008 12:41am
Here's my first trade this afternoon.
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  • #54
  • Jun 30, 2008 12:51am Jun 30, 2008 12:51am
Quoting winston
Here's my first trade this afternoon.

This trade went on to my final target of 167.00 but anyway, it's the start of the week!!! Be merry and happy on what you get!
  • #55
  • Jun 30, 2008 1:16am Jun 30, 2008 1:16am
Quoting winston
This trade went on to my final target of 167.00 but anyway, it's the start of the week!!! Be merry and happy on what you get!
This is how it looks like in hourly charts - using trendlines, support and resistance...
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  • #56
  • Jun 30, 2008 5:46pm Jun 30, 2008 5:46pm
mr. geppy seems like he wants to bungee-jump again...
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  • #57
  • Jun 30, 2008 11:58pm Jun 30, 2008 11:58pm
Look out for another player doing bungee jump...
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Click to Enlarge Name: eurjpy_01jul08_2.GIF Size: 17 KB
  • #58
  • Jul 1, 2008 3:30am Jul 1, 2008 3:30am
Quoting winston
Look out for another player doing bungee jump...

This pair stalled at 166.70, closed at this for +35 pips.
I'm initially targeting at the previous swing low (166.15).
  • #59
  • Jul 1, 2008 4:40am Jul 1, 2008 4:40am
Yo! The bungee jumpers is having a great time!

My target for eurjpy was hit after i close (again!)...

I'm still in though in gbpjpy...
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Click to Enlarge Name: eurjpy_gbpjpy_1jul08.GIF Size: 25 KB
  • #60
  • Jul 1, 2008 8:39am Jul 1, 2008 8:39am
Errmmmm.... I must admit I chicken out from my last 2 days trade...

So I decided to become a samurai warrior trader... the most disciplined samurai trader!!!
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