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  • #6,421
  • Nov 26, 2008 5:04am Nov 26, 2008 5:04am
Personally I am willing to risk it on this trade. But if you have a set maximum on stop loss you might want to watch it and enter manually. I am using an entry order, so I just need a stop to cover any overshoot that may occur.

Also, you could size in on the trade...
  • #6,422
  • Nov 26, 2008 5:22am Nov 26, 2008 5:22am
I am hoping for that 1.5174 Sure would make my day.
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  • #6,423
  • Nov 26, 2008 5:33am Nov 26, 2008 5:33am
Quoting TrendSetter
I am hoping for that 1.5174 Sure would make my day.

I think before it will bounce of 2529 as it is a resistance and 50% fibo from yesterday high and low. to the pip.
  • #6,424
  • Nov 26, 2008 5:36am Nov 26, 2008 5:36am
Quoting ady27
I think before it will bounce of 2529 as it is a resistance and 50% fibo from yesterday high and low. to the pip.
2529??? do you mean 5249?
  • #6,425
  • Nov 26, 2008 5:38am Nov 26, 2008 5:38am
Quoting TrendSetter
2529??? do you mean 5249?
Yeah I was looking at 5249 as well.
  • #6,426
  • Nov 26, 2008 5:38am Nov 26, 2008 5:38am
Quoting ady27
I think before it will bounce of 2529 as it is a resistance and 50% fibo from yesterday high and low. to the pip.
I do expect it to bounce there, but meeting S&R and TL around the 618 fib area would be something I hold on to for a long while.
  • #6,427
  • Nov 26, 2008 6:06am Nov 26, 2008 6:06am
Quoting TrendSetter
2529??? do you mean 5249?
Correct. Thank you.
  • #6,428
  • Nov 26, 2008 6:27am Nov 26, 2008 6:27am
hopefully things will speed up when NY opens
  • #6,429
  • Nov 26, 2008 6:41am Nov 26, 2008 6:41am
Eur Usd on new lows having broken 12922
  • #6,430
  • Nov 26, 2008 7:17am Nov 26, 2008 7:17am
usdcad has the same bucket right now at 1.2373
  • #6,431
  • Nov 26, 2008 7:22am Nov 26, 2008 7:22am
Quoting ady27
usdcad has the same bucket right now at 1.2373
Mine hit a 4h at 12383 on the nose.
  • #6,432
  • Nov 26, 2008 7:46am Nov 26, 2008 7:46am
Quoting TrendSetter
I have my entry at 905 ady
My trading platform didn't trigger the entry.

I could have gone manual but I don't like to interfere with my own decisions, so once I decide on an auto order I let it do the work.
  • #6,433
  • Nov 26, 2008 7:50am Nov 26, 2008 7:50am
Quoting RedCabbage
My trading platform didn't trigger the entry.

I could have gone manual but I don't like to interfere with my own decisions, so once I decide on an auto order I let it do the work.

I have to learn to do that and trust my analysis.
Missed the beautiful long on eurjpy 122.62. If I had it auto...
  • #6,434
  • Nov 26, 2008 7:57am Nov 26, 2008 7:57am
Quoting ady27
I have to learn to do that and trust my analysis.
Missed the beautiful long on eurjpy 122.62. If I had it auto...
since we're venting I got out of that G/U with about 15+ pips because I didnt know if it was going to continue, now its 90+ up.
  • #6,435
  • Nov 26, 2008 7:58am Nov 26, 2008 7:58am
Quoting ady27
I have to learn to do that and trust my analysis.
Missed the beautiful long on eurjpy 122.62. If I had it auto...
It was a great price action point but I can't justify that level clearly on my charts. What timeframe gives this level of support?
  • #6,436
  • Nov 26, 2008 8:01am Nov 26, 2008 8:01am
Quoting libb
since we're venting I got out of that G/U with about 15+ pips because I didnt know if it was going to continue, now its 90+ up.
Yes but the US news was plentiful so a wiseman would have exited before anyway as it usually spikes in both directions. Todays reaction was muted, perhaps they are focussing on the pre-thanksgiving sell off?
  • #6,437
  • Nov 26, 2008 8:05am Nov 26, 2008 8:05am
Quoting RedCabbage
Yes but the US news was plentiful so a wiseman would have exited before anyway as it usually spikes in both directions. Todays reaction was muted, perhaps they are focussing on the pre-thanksgiving sell off?
Thanks for the reassurance ha. You guys see any other setups today?
  • #6,438
  • Nov 26, 2008 8:11am Nov 26, 2008 8:11am
Quoting RedCabbage
It was a great price action point but I can't justify that level clearly on my charts. What timeframe gives this level of support?
Red,
Just for you .
As they say "History repeats it self". In this case 122.63.
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  • #6,439
  • Nov 26, 2008 8:39am Nov 26, 2008 8:39am
Quoting ady27
As they say "History repeats it self".
Naturally, it was just that I hadn't marked support there as my charts had a range on those dates.

On my charts the low for 31/10 was 12265 and 7/11 12246 but bear in mind I am using my brokers charts so these prices represent the middle of the spread.

Perhaps I should consider support ranges like this one?

Of course there are disadvantages to using a brokers charts but at least the price I see is the price I trade. I do check the figures independently from time to time as well and so far they are not ripping me off.
  • #6,440
  • Nov 26, 2008 8:58am Nov 26, 2008 8:58am
Quoting libb
since we're venting I got out of that G/U with about 15+ pips because I didnt know if it was going to continue, now its 90+ up.
sorry about that libb
I got in on one account and it was dancing up and down and I kept getting stoppe dout with 1 pip profit... so I didn't even bother trading it... as you know there is a level below and i figured maybe it would continue down. But I got in on my other 2 accounts... took 100+ on one and still have the other running. Wish I could give you some my friend.
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