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  • #29,421
  • Sep 11, 2008 11:05am Sep 11, 2008 11:05am
[quote=psiholog;2214086]
Quoting psiholog
for this to become an uptrend two things must happen
1)first break 61%(1.3938)fib retracement from high to low...high being 1.3976 and low being 1.3882
2)a break of strong resistance 1.3975
quote]
step one complete...step 2 you ready?....are we going higher?....daily green candlestick what?....your insane!

dude at least close half your position at 75...thats already a 80 pip gain...let the other half have a 25 pip trailing stop if you MUST stay in....do not forget this is BEAR MARKET


Edit:locked in half of the position(1.3961) now....letting other half run(25pip trail)...going to sleep now...sorry if i annoyed anyone by talking to myself....good night/afternoon/morning to you all
Different opinions highly valued, ignorant to slander.
  • #29,422
  • Sep 11, 2008 11:06am Sep 11, 2008 11:06am
Looks like I shoulda took my laptop in the shower, I forgot to set my TP (only 10 pips) AND sl Down 43 pips atm.

Waterproof laptops anyone?
  • #29,423
  • Sep 11, 2008 11:11am Sep 11, 2008 11:11am
Quoting SpecialEd
I'm actually in with a sell @ 1.3918. TP @ 1.3858 with 40 pip SL. Assuming it makes it that far down, there is major confluence at 3855 area.
Well, I got stopped out. Made it all the way to +30 pips, but tried to stick to my plan. Thanks to all of you who advised "flat". Should have taken the profits and run, but trying to trust it. Coming back with an anti-hedging trade when the time is right.

Happy trading,
Up or down, gimme a ticket
  • #29,424
  • Sep 11, 2008 11:23am Sep 11, 2008 11:23am
Quoting Stielle
Looks like I shoulda took my laptop in the shower, I forgot to set my TP (only 10 pips) AND sl Down 43 pips atm.

Waterproof laptops anyone?
maybe forget the shower .. i have the same problem with phone calls
  • #29,425
  • Sep 11, 2008 11:40am Sep 11, 2008 11:40am
any hope of this market touching 1.4970?
  • #29,426
  • Sep 11, 2008 11:42am Sep 11, 2008 11:42am
Quoting finian204rea
any hope of this market touching 1.4970?
???
  • #29,427
  • Sep 11, 2008 11:42am Sep 11, 2008 11:42am
Quoting finian204rea
any hope of this market touching 1.4970?
anything can happen in forex but I doubt it for the mid/long term.
  • #29,428
  • Sep 11, 2008 11:43am Sep 11, 2008 11:43am
Quoting SpecialEd
I kind of agree with you, but I'm trying to trust my system, and my system said SELL. So far, it's not been a very illustrious trade. Been -11 and +10. Trying not to bail out early though.

This is not a peace sign, rather fingers crossed.
I don't want to say that I told you so, but it looks like she's stalling, QQE has just crossed up it's only a matter of time before price closes above gann Hi Lo but my charts are on an hourly base and maybe you had a good entry I am just saying this is one of those times I wouldn't take a trade but just sit on the sideline and watch you guys. May the pips be with you.
All the best things in life are free.
  • #29,429
  • Sep 11, 2008 11:44am Sep 11, 2008 11:44am
oil dropped below 102, buckle up...
  • #29,430
  • Sep 11, 2008 11:53am Sep 11, 2008 11:53am
Quoting psiholog
i will say this as i said before....1.3905 is a STROOOOONG support...there was no sustained effort below it so if it cant pass 1.3905..surely theres one direction to go from there right?
Nope... at least two.

1. Up

2. Sideways for awhile, until the third choice comes back, which is down.
FUBAR...
  • #29,431
  • Sep 11, 2008 12:04pm Sep 11, 2008 12:04pm
EUR/USD
EUR/USD looking Intraday Long, but Hold all old Shorts.
{Promotion Removed}
  • #29,432
  • Sep 11, 2008 12:04pm Sep 11, 2008 12:04pm
i hope the koalas and sushi folks pushes this down more tomorrow lol
  • #29,433
  • Sep 11, 2008 12:08pm Sep 11, 2008 12:08pm
Quoting finian204rea
any hope of this market touching 1.4970?
now thats funny, i don't care who you are, that's funny!!!

my condolences if your long...
  • #29,434
  • Sep 11, 2008 12:12pm Sep 11, 2008 12:12pm
Quoting Algirdas
EUR/USD
EUR/USD looking Intraday Long, but Hold all old Shorts.
Me too. many cashed before and some hold without any risks . As the market bearish but makes some sideways good for us. Only shorts to deal with.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #29,435
  • Sep 11, 2008 12:14pm Sep 11, 2008 12:14pm
Quoting ak4x
Nope... at least two.

1. Up

2. Sideways for awhile, until the third choice comes back, which is down.
your right about #2...it is sideways, a descending (sloowly) channel...it has been for the past 8 hours

Conclusions...those who said flat are smart...wait for break of channel before entry...there was 2 attempts to break down...falsies...no real attempt to break up yet. therefore...2things can be done here....
1)sell at the high, take profit at the low
2)buy at the low, sell at the high
considerations....stop loss right outside channel to the upside...downside...hard to say...probably below 1.43905
i hold a long bias just because we have not dropped today for the first time in many many days....just failed attemps
waiting for a breakout is best move but who knows how long it will take...

Edit:too much cofee to sleep...ahhh
Different opinions highly valued, ignorant to slander.
  • #29,436
  • Sep 11, 2008 12:14pm Sep 11, 2008 12:14pm
Just found this on my MT4 weekly, accucharts data doesn't go back far enough. That 6 yr Bull TL is something from the bigger technical picture to not forget about.

The fib is an arbitrary low of .9700 and high of 1.60 and needs to be tweaked, so ignore it.
Attached Image
FUBAR...
  • #29,437
  • Sep 11, 2008 12:17pm Sep 11, 2008 12:17pm
Quoting fx_lane
I don't want to say that I told you so, but it looks like she's stalling, QQE has just crossed up it's only a matter of time before price closes above gann Hi Lo but my charts are on an hourly base and maybe you had a good entry I am just saying this is one of those times I wouldn't take a trade but just sit on the sideline and watch you guys. May the pips be with you.
Thanks for the kind words.
Up or down, gimme a ticket
  • #29,438
  • Sep 11, 2008 12:20pm Sep 11, 2008 12:20pm
Hi: I asked a question before about low commission brokers. Thanks Acumen for answering the question. Can i ask one more question.. How much do you guys make every month? with a $5k account?
Thanks in advance for the answer
Anwar
  • #29,439
  • Sep 11, 2008 12:25pm Sep 11, 2008 12:25pm
Quoting anwarsadique
Hi: I asked a question before about low commission brokers. Thanks Acumen for answering the question. Can i ask one more question.. How much do you guys make every month? with a $5k account?
Thanks in advance for the answer
Anwar

-$5000
  • #29,440
  • Sep 11, 2008 12:25pm Sep 11, 2008 12:25pm
oil trying to go under 101 and just took a stab at it. lets see if EU follows

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