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  • #6,381
  • Oct 14, 2008 10:03pm Oct 14, 2008 10:03pm
Quoting big_pipin
yes, but how do you know price will be supported at these levels levels? are you long?.
Nope I am not long yet its to early...trading 1 hour at this time is gambling and I dont gamble when trading...(used to do that when I started lol )....price action will let me know
  • #6,382
  • Oct 14, 2008 10:24pm Oct 14, 2008 10:24pm
at this time?...because london isnt open yet?
  • #6,383
  • Oct 14, 2008 11:12pm Oct 14, 2008 11:12pm
Quoting big_pipin
at this time?...because london isnt open yet?

I only take trades 99 percent of the time at least untill 1 hour before franky opens....the reason are because during the asia session the highs and lows of candles are not respsected the same.. meaning you get more noise from price action as well as take risk of lossing more trades. In other words if you are attempting a reversal in the market or planning to trade the retracement you at least whant to increase your odds of winning by simply trading at high volume times since to begin with trading retracements or reversals are more advance trades..
  • #6,384
  • Oct 14, 2008 11:14pm Oct 14, 2008 11:14pm
This is the currency to keep your eyes attatch to it lol....I am looking foward to taking a long in it if price action supports what I see...

Attached Image (click to enlarge)
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  • #6,385
  • Oct 14, 2008 11:18pm Oct 14, 2008 11:18pm
Quoting Shermenator
This is the currency to keep your eyes attatch to it lol....I am looking foward to taking a long in it if price action supports what I see...

Attachment

What ur charts say about gold?
  • #6,386
  • Oct 15, 2008 12:55am Oct 15, 2008 12:55am
Quoting Shermenator
This is the currency to keep your eyes attatch to it lol....I am looking foward to taking a long in it if price action supports what I see...

Attachment



Are u entering long at the break of high or are u just watching when the previous highs will stand?
  • #6,387
  • Oct 15, 2008 1:07am Oct 15, 2008 1:07am
Quoting Msattar
What ur charts say about gold?
Its bearish as of right now...
this is from the information I get in odl since I dont get all the data...

Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 32 KB
  • #6,388
  • Oct 15, 2008 1:10am Oct 15, 2008 1:10am
Quoting hiswords
Are u entering long at the break of high or are u just watching when the previous highs will stand?
At this point I am only considering taking the break of the high due to the fact we are yet to have a retracement deep enough into our intraday levels...I would like a deep retracement...Let the market show a clear point of direction before pulling the trigger...so far I am in no trades sionce I see nothing worth it

Attached Image (click to enlarge)
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  • #6,389
  • Oct 15, 2008 2:10am Oct 15, 2008 2:10am
Quoting Shermenator
Its bearish as of right now...
this is from the information I get in odl since I dont get all the data...

Attachment

Thanks. Where u see the weekly closing. it could break $900 or drop towards $770..
  • #6,390
  • Oct 15, 2008 2:17am Oct 15, 2008 2:17am
Quoting Msattar
Thanks. Where u see the weekly closing. it could break $900 or drop towards $770..
to many thing have to happen before that ...I can see price reaching low 800 withing a one days movement...I dont like to think to much ahead to many things can happen.....you also have to look at the fact price range the prior day showing a slowdown in momentum so theirs a bunch of things to consider
  • #6,391
  • Oct 15, 2008 3:35am Oct 15, 2008 3:35am
Usdchf long

Attached Image (click to enlarge)
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  • #6,392
  • Oct 15, 2008 4:06am Oct 15, 2008 4:06am
What do you think of the long on usd/chf now?
I'm long on it and short on usd/jpy
  • #6,393
  • Oct 15, 2008 4:10am Oct 15, 2008 4:10am
Quoting hiswords
What do you think of the long on usd/chf now?
I'm long on it and short on usd/jpy

I am long in usdchf...and I dont like usdjpy for shorts yet due to the fact shorts are not clear enought yet...
  • #6,394
  • Oct 15, 2008 4:24am Oct 15, 2008 4:24am
*My first post, hope this thread can help me trading well*

what about GU n EU guys?
  • #6,395
  • Edited 7:50am Oct 15, 2008 4:49am | Edited 7:50am
Quoting Just20pips
*My first post, hope this thread can help me trading well*

what about GU n EU guys?
I can assure u that u'll never regret joining us,by the way i like your look

Is that Cocacola and cigarette.
  • #6,396
  • Edited 5:04am Oct 15, 2008 4:52am | Edited 5:04am
I moved my stop loss below the previous candles low....to price 1360 I would be taking a 15 pip loss or so...to me having a failure to maintain above the intraday high and making railroad tracks is enough to tell me the market is not in my direction at the moment if in fact it takes me out I have tighten my stop and reduced my risk , if anything I will renter if the market shows me a clear direction once again. Remember the forex is about cutting your losses short and letting your profits run. Never marry a position lol

Attached Image (click to enlarge)
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  • #6,397
  • Oct 15, 2008 4:58am Oct 15, 2008 4:58am
take a look at gu long 7720 target.
  • #6,398
  • Oct 15, 2008 5:10am Oct 15, 2008 5:10am
Quoting big_pipin
take a look at gu long 7720 target.

Unless I get a 61.8 failure I am not looking for longs yet...
at that point I will begin looking for support to hold ...
I am not looking for shorts either...at this point I dont consider this currency tradable its more scalpy if anything due to no true direction ...I will wait in the sidelines on it...

Attached Image (click to enlarge)
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  • #6,399
  • Oct 15, 2008 5:16am Oct 15, 2008 5:16am
Hello sherm

I love ur unrelentless effort to offer wot u have for free.
remain blessed

Naijafx
  • #6,400
  • Oct 15, 2008 5:36am Oct 15, 2008 5:36am
Quoting Naijafx
Hello sherm

I love ur unrelentless effort to offer wot u have for free.
remain blessed

Naijafx

Thanks alot my friend...trying to help just like Bo helped me as well
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