The Thief of Wall Street
- #45,641
- Nov 16, 2008 4:02pm Nov 16, 2008 4:02pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
- #45,642
- Nov 16, 2008 4:03pm Nov 16, 2008 4:03pm
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
- #45,643
- Nov 16, 2008 4:16pm Nov 16, 2008 4:16pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #45,644
- Nov 16, 2008 4:17pm Nov 16, 2008 4:17pm
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
- #45,646
- Nov 16, 2008 4:23pm Nov 16, 2008 4:23pm
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
This is the CME quote on futures
today the forward spread is 16 pips
http://equivalentswdc.cme.com:443/
- #45,650
- Nov 16, 2008 4:37pm Nov 16, 2008 4:37pm
- Joined Mar 2007 | Status: Trader | 3,709 Posts
Hey Mike,
Good to see your cantankerous self back.
Hope the babe is letting you sleep. Haven't heard much from you, but I know you been busy.
Anyhoo, hope all going well. I'ma lovin' tradin the pivots and psyches. Getting better with them, just have a little trouble yet multi-tasking!
Take care
I really can't imagine day trading without Pivots.
I'm glad you are doing well.
I can't multi-task either - that's why I only trade this pair.
- #45,651
- Nov 16, 2008 4:41pm Nov 16, 2008 4:41pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
i wish ibfx was open already...id open a small long with about 100pip stop loss and ride it for 200pips + up...i see 1.3000 sometime this week
Different opinions highly valued, ignorant to slander.
- #45,652
- Nov 16, 2008 4:43pm Nov 16, 2008 4:43pm
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
- #45,653
- Nov 16, 2008 4:52pm Nov 16, 2008 4:52pm
- Joined Apr 2007 | Status: Trader | 2,303 Posts
i wish ibfx was open already...id open a small long with about 100pip stop loss and ride it for 200pips + up...i see 1.3000 sometime this week
But market are very, very unpredictable, we must reduce our exposure in these days.
I was waiting to see a up move last Friday to cross that H4 Channel during Asia market, didn't happen, now price is in middle of my Daily Gann Lines, this means that enter now is betting, so better price done a good up or down move and go opposite Direction, but we may finally see some break, who knows if will be this Monday, so high attention is required This Monday!
To all in this thread, good trading week and careful!
- #45,654
- Nov 16, 2008 4:52pm Nov 16, 2008 4:52pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #45,656
- Nov 16, 2008 5:01pm Nov 16, 2008 5:01pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
It must test some lines below actual price.
But market are very, very unpredictable, we must reduce our exposure in these days.
I was waiting to see a up move last Friday to cross that H4 Channel during Asia market, didn't happen, now price is in middle of my Daily Gann Lines, this means that enter now is betting, so better price done a good up or down move and go opposite Direction, but we may finally see some break, who knows if will be this Monday, so high attention is required This Monday!
To all in this thread, good trading week and careful!...
i just opened my long...100pip stop loss no questions asked...lets see now
Different opinions highly valued, ignorant to slander.
- #45,657
- Nov 16, 2008 5:05pm Nov 16, 2008 5:05pm
Panic sell?
I dont see what the panic would be about.
Price hit 1.285 which was a 50% fib retracement as well as the top of a downward channel and parity. It is a perfect place to short. So perfect that I am angry I wasnt able to get it.
I dont see what the panic would be about.
Price hit 1.285 which was a 50% fib retracement as well as the top of a downward channel and parity. It is a perfect place to short. So perfect that I am angry I wasnt able to get it.
judging current price action psychology it is apparent to me this gap down was a continuation of the panic selling on friday. now that the market opened where it did...it didnt go much lower...in other words i dont "feel" there is strength behind a sustained downwards move...instead a fill the gap is alot more logical to me at least to see whether market makers feel more comfortable at fridays close price. of course i could be wrong but thats what stop loss is for
i just opened my long...100pip stop loss no questions asked...lets see now
- #45,658
- Nov 16, 2008 5:08pm Nov 16, 2008 5:08pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #45,659
- Nov 16, 2008 5:13pm Nov 16, 2008 5:13pm
- Joined Apr 2007 | Status: Trader | 2,303 Posts
judging current price action psychology it is apparent to me this gap down was a continuation of the panic selling on friday. now that the market opened where it did...it didnt go much lower...in other words i dont "feel" there is strength behind a sustained downwards move...instead a fill the gap is alot more logical to me at least to see whether market makers feel more comfortable at fridays close price. of course i could be wrong but thats what stop loss is for
i just opened my long...100pip stop loss no questions asked...lets see now
- #45,660
- Nov 16, 2008 5:28pm Nov 16, 2008 5:28pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...