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  • #37,001
  • Oct 5, 2008 5:17pm Oct 5, 2008 5:17pm
..... Just want to share a piece of my chart!

Those lines you can see was there long time before price touch them.

See How many times lines are being testing especially the most important one, that Blue line!

Careful Psiholog, you are really a Gambler!!

That Line can be testing all night until we see a break, but promises, promises.....
Attached Image
  • #37,002
  • Oct 5, 2008 5:19pm Oct 5, 2008 5:19pm
Quoting BoredToLoose
..... Just want to share a piece of my chart!

Those lines you can see was there long time before price touch them.

See How many times lines are being testing especially the most important one, that Blue line!

Careful Psiholog, you are really a Gambler!!

That Line can be testing all night until we see a break, but promises, promises.....
first trade this week...had to do it to get a feel of this market..no matter what the result is
Different opinions highly valued, ignorant to slander.
  • #37,003
  • Oct 5, 2008 5:24pm Oct 5, 2008 5:24pm
Quoting ShadowPrince
ive been shot since 1.4000 moved my stop when market open to 1.3720 so i do hope thats a strong resistance @1.3700
Shadow you are best today
{Promotion Removed}
  • #37,004
  • Oct 5, 2008 5:25pm Oct 5, 2008 5:25pm
Hi psi...Glad to see you are still posting here.
Everyone dreams of being a Leader, only those that can suffer the slings & and arrows are born to be.

Welcome back. You are doing a fine job.
  • #37,005
  • Oct 5, 2008 5:30pm Oct 5, 2008 5:30pm
Quoting psiholog
ok so the break down was a falsie...which led me to do the unthinkable...i am currently long with stop loss 1pip below todays low....i highly recommend sitting on the sidelines for a clearer pattern to develop unless you are a gambler like me...or until the walls are decisively broken
whats ur TP
  • #37,006
  • Oct 5, 2008 5:37pm Oct 5, 2008 5:37pm
Quoting Bemac
Hi psi...Glad to see you are still posting here.
Everyone dreams of being a Leader, only those that can suffer the slings & and arrows are born to be.

Welcome back. You are doing a fine job.
bernac i realized why you "old timers" stick around here even after many years in the bussiness and with your strategies fully formulated. Forex is unlike any other job..we have the freedom to do it from at home or anywhere we want really. This strength can also be a weakness though in the sense it does get lonely. For that reason I realize that I will be part of this forum for a long time to come, call it home base for our job. And just like any job...theres always that "one" coworker that just ticks us off
Different opinions highly valued, ignorant to slander.
  • #37,007
  • Oct 5, 2008 5:38pm Oct 5, 2008 5:38pm
Quoting BoredToLoose
.... and a nice drop!I hope you are not those 30 SL Pips Trader!

30-40 pips is a nice drop? I havent entered anything yet just watching for now. 30-40 pips is just noise man just noise.
  • #37,008
  • Oct 5, 2008 5:38pm Oct 5, 2008 5:38pm
Quoting pipsfari
whats ur TP
take profit is anywhere from 1.3700 to 1.3882...if there will really be a break up....all those possible resistances i mentioned before are my targets...thats if i dont get stopped out...was 3 pips away haha
Different opinions highly valued, ignorant to slander.
  • #37,009
  • Oct 5, 2008 5:42pm Oct 5, 2008 5:42pm
Quoting BoredToLoose
.....
Careful Psiholog, you are really a Gambler!!
.....
I would say he's getting a good scalper as well.
Keep on with your good work PSI.
  • #37,010
  • Oct 5, 2008 5:44pm Oct 5, 2008 5:44pm
Quoting cobraforex
I would say he's getting a good scalper as well.
Keep on with your good work PSI.
no more scalping for me cobra...i did that for a loooong time...these days though...scalping i leave to you
Different opinions highly valued, ignorant to slander.
  • #37,011
  • Oct 5, 2008 5:48pm Oct 5, 2008 5:48pm
Quoting bksujal
hey so on friday the price was below the daily pivot so ur bias was to short. So do you always wait for the retrace? What if the retrace does not happen? How many pips do you target per trade?? Do you trade on the 1M chart??
Price was below the PP and the major trend is down.

Yes - I always trade off the 1 min chart and watch the pivots on the 15 min chart.

If it doesn't retrace - fast moving market - then I missed a trade.

Capital preservation comes before capital accumulation.

The target is based on the next psych or pivot level.
  • #37,012
  • Oct 5, 2008 5:50pm Oct 5, 2008 5:50pm
Quoting psiholog
no more scalping for me cobra...i did that for a loooong time...these days though...scalping i leave to you
Everybody wear the shoes that fit best, you’re right.
  • #37,013
  • Oct 5, 2008 5:57pm Oct 5, 2008 5:57pm
Hello Algirdas, Cobra, Psiholog and Acumen

Wishing you a solid trading week.

Ed
Up or down, gimme a ticket
  • #37,014
  • Oct 5, 2008 6:00pm Oct 5, 2008 6:00pm
Quoting SpecialEd
Hello Cobra, Psiholog and Acumen

Wishing you a solid trading week.

Ed
How are you?

m
  • #37,015
  • Oct 5, 2008 6:03pm Oct 5, 2008 6:03pm
Quoting acumen
How are you?

m
Doing well, thanks. I guess it's ok to talk personal, as the market is dead. Played bad golf today. I see your Eagles lost, but your (adopted?) Falcons won, and the Giants hung 44 on someone (KC?). Time to go to work. Give me something to wish for, like CLOSING THE GAP.

How's the baby?
Up or down, gimme a ticket
  • #37,016
  • Oct 5, 2008 6:07pm Oct 5, 2008 6:07pm
Quoting SpecialEd
Hello Algirdas, Cobra, Psiholog and Acumen

Wishing you a solid trading week.

Ed
Hi ED
Thanks, also the best for you.
Hope you had a nice weekend and be ready to catch the pips.


BTW: the gap was filled on USD/CHF, but for E$ is no sign at the moment
  • #37,017
  • Oct 5, 2008 6:09pm Oct 5, 2008 6:09pm
Quoting cobraforex
Hi ED
Thanks, also the best for you.
Hope you had a nice weekend and be ready to catch the pips.
Cobra, in honor of the (baseball) season, I'm standing in centerfield with my mitt wide open - to catch the pips. Same to you my friend.

Ed
Up or down, gimme a ticket
  • #37,018
  • Oct 5, 2008 6:10pm Oct 5, 2008 6:10pm
Quoting psiholog
take profit is anywhere from 1.3700 to 1.3882...if there will really be a break up....all those possible resistances i mentioned before are my targets...thats if i dont get stopped out...was 3 pips away haha
quite possible especially with bullish divergence on the daily.Good luck
LUCK-Labor Under Correct Knowledge
  • #37,019
  • Oct 5, 2008 6:20pm Oct 5, 2008 6:20pm
ok so that open position has accomplished its role. i have a feel for the market now and see things clearly...filtered out the noise.

as you can see we are in a possible triangle now with action sticking in the upper half of it, consider 1.4635 the midline and lets say in the upper half of that triangle we have bullish sentiment, lower half bearish sentiment. i can't feel the market sentiment yet fully because there is so much volatility..but a break of those walls should give us the direction and that is when the true trading week begins. also note the color coded horizontal lines..all those were supports at some time and of course now are acting as resistances. also...filling the gap is quite logical at this time especially considering as acumen has said before..gaps get filled 80% of the time. to be seen

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Different opinions highly valued, ignorant to slander.
  • #37,020
  • Oct 5, 2008 6:27pm Oct 5, 2008 6:27pm
Quoting mry2001
Your stop loss will be hit in a few months.
That is a big one.
What a fast drop. Only 10 days, not a few months.

I feel euro may go to 1.33 or even 1.30
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