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  • #31,061
  • Sep 17, 2008 2:37am Sep 17, 2008 2:37am
Quoting david_akc
Hi guys you guys are great. Just reading your post made me realise I am missing something worst off then reading other website which is more colorful and general.

You guys hit the nail on the spot except price has yet hit R1.

I should I have listen to you about the bull run, still waiting a chance to go short.
Hey david.

Nothing about my charts says short, but that doesn't mean it won't change in the next coming hour, to cut the story short my charts are say bull run and I am following it. till they tell me something about the bears I stay off the bears camp. one more thing I prefer to swing trade than smaller TF's and now it has no direction yet but since my charts are telling me not to be trapped under a very angry bull I decided to ride it instead
All the best things in life are free.
  • #31,062
  • Sep 17, 2008 2:39am Sep 17, 2008 2:39am
Resistance at 1.4270 very strong ....vroommmmmmm all the way down, sure will make another attempt later to break the resistance.
Just my view!

Quoting psiholog
looked very bullish yesterday too for about half the day, then when 1.4270 could not get broken...boom..crash..up..down...nasty stop loss scenario...if 1.4270 becomes support (preferably 1h or 4h close above that)....next stop...1.4450 or so according to 4h inverted head and shoulders chart i mentioned earlier
Trade with caution set your stops & limits.
  • #31,063
  • Sep 17, 2008 2:40am Sep 17, 2008 2:40am
that was a nice ride
Money often costs too much...
  • #31,064
  • Edited 3:00am Sep 17, 2008 2:43am | Edited 3:00am
Quoting fx_lane
Hey david.

Nothing about my charts says short, but that doesn't mean it won't change in the next coming hour, to cut the story short my charts are say bull run and I am following it. till they tell me something about the bears I stay off the bears camp. one more thing I prefer to swing trade than smaller TF's and now it has no direction yet but since my charts are telling me not to be trapped under a very angry bull I decided to ride it instead
Not too bad for a newbie.
May I know your take profit after a bull run is base on lower TF for a reversal candle or because of R1? Then this retracement when it will last?
http://2.bp.blogspot.com/_sj5wN7PNZB.../17+sep+08.gif

You guys are GODS!!!
http://www.vagsg.com/forums/images/s.../thumbs-up.gif
Forex Price Action Hacked - Price Action Rockstar
  • #31,065
  • Sep 17, 2008 2:48am Sep 17, 2008 2:48am
Quoting Forexviwer
Resistance at 1.4270 very strong ....vroommmmmmm all the way down, sure will make another attempt later to break the resistance.
Just my view!
1.4220 was previous resistance...it is now acting as support (at least for the time being)...if your looking to go long...check your indicators carefully
Different opinions highly valued, ignorant to slander.
  • #31,066
  • Sep 17, 2008 2:54am Sep 17, 2008 2:54am
I got just a small long in. Indeed this could last a bit longer an go a bit lower.
On the path to Enrichment.
  • #31,067
  • Sep 17, 2008 2:59am Sep 17, 2008 2:59am
Quoting Jurrasic
I got just a small long in. Indeed this could last a bit longer an go a bit lower.
i still have half my position from the breakout earlier at 1.4160....i did add more long like 10min ago...may have rushed it...could retap 50% again

EDIT: nvm...14220 holding hehe

Edit: too volatile right now...ima walk away for a bit...still long bias and in long...stop loss of course....well see
Different opinions highly valued, ignorant to slander.
  • #31,068
  • Sep 17, 2008 3:12am Sep 17, 2008 3:12am
Up.
On the path to Enrichment.
  • #31,069
  • Sep 17, 2008 3:14am Sep 17, 2008 3:14am
before i go heres how i see things...explains the big drop too....probably in preparation for news or something...notice both trendlines broken..higher high should be made now

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 35 KB

be back in an hour
Different opinions highly valued, ignorant to slander.
  • #31,070
  • Sep 17, 2008 3:15am Sep 17, 2008 3:15am
Hello Traders.

I like the start to this trading day better than yesterday!

Took a long on retest of daily PP/4174 as support. Closed half position at 4250 psych level and move S/L to entry and let it go from there.

Best to all in your trading day.
  • #31,071
  • Sep 17, 2008 3:22am Sep 17, 2008 3:22am
If this would be normal market, I would say this is the perfect opportunity to go long. Higher high, higher low, another hh and hl.

HOWEVER now when ECB might pour new money whenever they feel like as they have in the past two days, I will stay flat.
  • #31,072
  • Sep 17, 2008 3:25am Sep 17, 2008 3:25am
Downside a break below 1.42 will see it fall 1.4172 then 1.4123, recovery could be faster too if break 1.4234 may see 1.4270 retested and if broken can surge forward to 1.4357 then all the way to 1.447...

Trade with your owb RULES not with What others say!

Quoting Forexviwer
Resistance at 1.4270 very strong ....vroommmmmmm all the way down, sure will make another attempt later to break the resistance.
Just my view!
Trade with caution set your stops & limits.
  • #31,073
  • Sep 17, 2008 3:29am Sep 17, 2008 3:29am
hmm

i see ausie is falling
yen is rising
crude is falling
kiwi is falling


and u all shouting longs

interesting
  • #31,074
  • Sep 17, 2008 3:33am Sep 17, 2008 3:33am
Quoting 5ysfx
hmm

i see ausie is falling
yen is rising
crude is falling
kiwi is falling


and u all shouting longs

interesting
And still eu stays, which is an indication of the bullish market feeling I believe. Frankly, though I'm not a fundie fan but after yesterday you'd expect the euro to show some force again.
On the path to Enrichment.
  • #31,075
  • Sep 17, 2008 3:42am Sep 17, 2008 3:42am
let see the market reaction due to eurozone trade balance data.
i thiknk eu is laggin but i might be wrong as usuall
  • #31,076
  • Sep 17, 2008 3:53am Sep 17, 2008 3:53am
Quoting 5ysfx
let see the market reaction due to eurozone trade balance data.
i thiknk eu is laggin but i might be wrong as usuall
I remember you being right most times, especially in ranging markets.
On the path to Enrichment.
  • #31,077
  • Sep 17, 2008 4:00am Sep 17, 2008 4:00am
looks like a descending triangle that probably willl break up...hope the data does not dissapoint...sucks im stuck in a second long..gambling
Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 37 KB
Different opinions highly valued, ignorant to slander.
  • #31,078
  • Sep 17, 2008 4:07am Sep 17, 2008 4:07am
Quoting psiholog
looks like a descending triangle that probably willl break up...hope the data does not dissapoint...sucks im stuck in a second long..gambling
Attachment
That's OK

New not so good but still, The euro was not much affected, Must mean your long position should be good, especially is Trend line holds and US data is bad,
Are you or are you OUT?
  • #31,079
  • Sep 17, 2008 4:10am Sep 17, 2008 4:10am
I think it's just taking a break and gathering some force. Then up again.
On the path to Enrichment.
  • #31,080
  • Sep 17, 2008 4:13am Sep 17, 2008 4:13am
Quoting merouane
That's OK

New not so good but still, The euro was not much affected, Must mean your long position should be good, especially is Trend line holds and US data is bad,
its not about the position itself...i made enough profit to be satisfied...still i broke one of my rules(BAD BAD BAD)...trading on the news when there is no trend or we are at critical support/resistance...just a channel
Different opinions highly valued, ignorant to slander.
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