Cheers
I wonder why many traders go short in a market like this, some other prefer to stay out, which I always admire. To me it was obvious that if every 4hr candle has been bullish for days, no lowerlows in any chart for today ( 1hr, 15min, 5min...), and all TL, resistance and major fibs taken off, we are going up, aren't we, I learned not to believe in over/under/bought-sold.
I was actually waiting for something to come out of a range and trade a trendy day.
I was actually waiting for something to come out of a range and trade a trendy day.
- #49,644
- Dec 11, 2008 1:41pm Dec 11, 2008 1:41pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
I wonder why many traders go short in a market like this, some other prefer to stay out, which I always admire. To me it was obvious that if every 4hr candle has been bullish for days, no lowerlows in any chart for today ( 1hr, 15min, 5min...), and all TL, resistance and major fibs taken off, we are going up, aren't we, I learned not to believe in over/under/bought-sold.
I was actually waiting for something to come out of a range and trade a trendy day.
Patience + Humility + Study = Success
- #49,645
- Dec 11, 2008 1:41pm Dec 11, 2008 1:41pm
Nothing really, just joking if we all try together we can make the EUR do a nice drop
Cheers
- #49,647
- Dec 11, 2008 1:47pm Dec 11, 2008 1:47pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #49,649
- Dec 11, 2008 1:49pm Dec 11, 2008 1:49pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
It's bounced off that tl as we speak, for about 70odd pips
Hey there DT... Been awhile. I think I was still trading UJ the last time I saw you on the same thread I'm usually on... ((except for the geppy funny farm))
going to try another small short on geppy.. ((37.80)) one of them will ring the bell eventually....
FUBAR...
- #49,650
- Dec 11, 2008 1:53pm Dec 11, 2008 1:53pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
amongst other things...
Hey there DT... Been awhile. I think I was still trading UJ the last time I saw you on the same thread I'm usually on... ((except for the geppy funny farm))
Patience + Humility + Study = Success
- #49,652
- Dec 11, 2008 1:56pm Dec 11, 2008 1:56pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Been busy with school and stuff. I think EU is headed below 1.33 from the PA.
if you say yoorow is goin down, then go down it will...
stop in more often when you get tired of the geppy adrenaline rushes. of course today eu is second to none for that...
FUBAR...
- #49,654
- Dec 11, 2008 1:57pm Dec 11, 2008 1:57pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #49,658
- Dec 11, 2008 2:01pm Dec 11, 2008 2:01pm
I'm out at .3320 for a 30pip gain....I didn't like the support stepping in and holding it up right at the 20SMA on the 15M chart..I could be wrong as it seems there is much more room for a drop, however I felt it better to be safe with a profit than wrong with a loss....especially when taking counter trend trades...
