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  • #24,921
  • Aug 27, 2008 11:49pm Aug 27, 2008 11:49pm
the concept of false breakout baffles me, candles closed below the 75 level up to the 30min chart.....i guess its not how candlesticks breakout that matter but how they react after doing so, poor noobie me, considering im 22...i got oh about 50 years to learn
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  • #24,922
  • Aug 27, 2008 11:50pm Aug 27, 2008 11:50pm

so quiet..

is everyone staring at the chart or something lol..

bTW i plan to hit short @ 1.48 to my bros, pls vet my decision.. as long as it is not extremely risky .. i will do it lol

  • #24,923
  • Aug 27, 2008 11:52pm Aug 27, 2008 11:52pm
Quoting trading801

so quiet..

is everyone staring at the chart or something lol..

bTW i plan to hit short @ 1.48 to my bros, pls vet my decision.. as long as it is not extremely risky .. i will do it lol

Above 48 with 10 pip sl, sure why not. Maybe we'll stay in these 30 pips the whole day, doesn't mean you have to stop trading, it only makes it easier - you win a lot, you only lose once when it breaks out.

Edit: In at 4800.7, 20 pip tp 10 sl.
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  • #24,924
  • Aug 27, 2008 11:54pm Aug 27, 2008 11:54pm
Quoting trading801

so quiet..



is everyone staring at the chart or something lol..



bTW i plan to hit short @ 1.48 to my bros, pls vet my decision.. as long as it is not extremely risky .. i will do it lol

It is !!!
  • #24,925
  • Aug 27, 2008 11:57pm Aug 27, 2008 11:57pm
Quoting trading801

so quiet..

is everyone staring at the chart or something lol..

bTW i plan to hit short @ 1.48 to my bros, pls vet my decision.. as long as it is not extremely risky .. i will do it lol

If you want to go short, simply wait for confirmation. There was a possibility when this H1 candle was in 1,4768 area but it won't close below. Let's where the next candle goes. I'm thinking of short but I'm waiting.
  • #24,926
  • Aug 28, 2008 12:05am Aug 28, 2008 12:05am
considering the strong correlation between eur/usd and usd/chf and the critical support usd/chf is at, the news in 10minutes might break the trend for eur/usd as well...just my 2 cents
Different opinions highly valued, ignorant to slander.
  • #24,927
  • Aug 28, 2008 12:08am Aug 28, 2008 12:08am
Well guys, while you wait...
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 148 KB
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  • #24,928
  • Aug 28, 2008 12:09am Aug 28, 2008 12:09am
good move, your short i mean, added short myself too

your forecast that today is a ranging day, could be right... at least the moves are pretty small sofar

my daily bottom estimate is now at 716 - warning: it may change a lot, all depends on pa

Quoting Jurrasic
Above 48 with 10 pip sl, sure why not. Maybe we'll stay in these 30 pips the whole day, doesn't mean you have to stop trading, it only makes it easier - you win a lot, you only lose once when it breaks out.

Edit: In at 4800.7, 20 pip tp 10 sl.
  • #24,929
  • Aug 28, 2008 12:09am Aug 28, 2008 12:09am
Quoting magictrader
If you want to go short, simply wait for confirmation. There was a possibility when this H1 candle was in 1,4768 area but it won't close below. Let's where the next candle goes. I'm thinking of short but I'm waiting.
There are some large cross plays being transacted at the moment
We first saw GBP/Yen sold then GBP/Eur bght.
The market is murky and experience says if you like to get whipped then play if not wait for the clearer signal.

Good luck
Im off for a beer !
  • #24,930
  • Aug 28, 2008 12:16am Aug 28, 2008 12:16am
Long 78.2, 98.2 tp 69 sl.
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  • #24,931
  • Aug 28, 2008 12:17am Aug 28, 2008 12:17am
limit sell 14812 stop 14823

or

limit sell 14832 stop 14843

+ error brokers

----------
chart for no 2
Attached Image (click to enlarge)
Click to Enlarge Name: 1011111.gif Size: 18 KB
  • #24,932
  • Aug 28, 2008 12:22am Aug 28, 2008 12:22am
Quoting bye2000
limit sell 14812 stop 14823

or

limit 14832 stop 14843

+ error brokers
You've already the 6th hourly candle locked in a range, when this breaks it could be big.. Are you sure you want to be going against it like that mate.. Not that the r:r is not good.
On the path to Enrichment.
  • #24,933
  • Aug 28, 2008 12:29am Aug 28, 2008 12:29am
Quoting lasty
There are some large cross plays being transacted at the moment
We first saw GBP/Yen sold then GBP/Eur bght.
The market is murky and experience says if you like to get whipped then play if not wait for the clearer signal.

Good luck
Im off for a beer !
Thanks for the information & some warning too, I have never tried to understand those crosses . Will try learing at some other time.
Still in shorts & never regret for that or loss of any kind .TP 100 but may take profit whenever want to.

I see gold is hovering high at this moment but Up & down though .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #24,934
  • Aug 28, 2008 12:31am Aug 28, 2008 12:31am
crikey, it's time for this thing to pip or get off the pot.
FUBAR...
  • #24,935
  • Aug 28, 2008 12:32am Aug 28, 2008 12:32am
Yeah !!! Ride baby ride !
On the path to Enrichment.
  • #24,936
  • Aug 28, 2008 12:32am Aug 28, 2008 12:32am
HA! Take THAT you Frankie headfakers...
FUBAR...
  • #24,937
  • Aug 28, 2008 12:33am Aug 28, 2008 12:33am
Quoting Jurrasic
You've already the 6th hourly candle locked in a range, when this breaks it could be big.. Are you sure you want to be going against it like that mate.. Not that the r:r is not good.
agree... will be a big move...
  • #24,938
  • Aug 28, 2008 12:33am Aug 28, 2008 12:33am
NICE!
  • #24,939
  • Aug 28, 2008 12:34am Aug 28, 2008 12:34am
M3 bounce to the pipola. love those critters.
FUBAR...
  • #24,940
  • Aug 28, 2008 12:34am Aug 28, 2008 12:34am
lets hope it stays this way this time...news out of eur in 20min
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