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  • #7,181
  • Dec 12, 2008 12:50am Dec 12, 2008 12:50am
Quoting rmecca
how large of a stop do you have shermenator

150 pips....no matter what though I wont loose that..I dont view the market as risk to reward ...I look at as probabilty...I know I win most of my trades so that how I trade....
  • #7,182
  • Dec 12, 2008 12:57am Dec 12, 2008 12:57am
We should see this puppy drop nicely...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #7,183
  • Dec 12, 2008 12:59am Dec 12, 2008 12:59am
Quoting Shermenator
150 pips....no matter what though I wont loose that..I dont view the market as risk to reward ...I look at as probabilty...I know I win most of my trades so that how I trade....
I'm also short EURUSD @ 1.3280 with a stop at 1.3410.
Should see some momentum once 1.3250 is broken.
  • #7,184
  • Dec 12, 2008 1:02am Dec 12, 2008 1:02am
Quoting priceaction
I'm also short EURUSD @ 1.3280 with a stop at 1.3410.
Same stop my friend....
  • #7,185
  • Dec 12, 2008 1:03am Dec 12, 2008 1:03am
Looking for the 3120 area...
  • #7,186
  • Dec 12, 2008 1:06am Dec 12, 2008 1:06am
is the 1.3301 price what you are using to base your rejection on? and what would be your target.
  • #7,187
  • Dec 12, 2008 1:13am Dec 12, 2008 1:13am
Quoting rmecca
is the 1.3301 price what you are using to base your rejection on? and what would be your target.
I am targetting 1.3135...take a look at the thread theirs a bunch of things before considering the trade...goodluck
  • #7,188
  • Dec 12, 2008 1:45am Dec 12, 2008 1:45am
I have won my usdchf that I showed yesterday ...eurusd is being annoying lol...

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  • #7,189
  • Dec 12, 2008 1:56am Dec 12, 2008 1:56am
Quoting rmecca
What would justify a rejection and what time frame would you use to justify that rejecton or break through? Sorry for the elementry questions I am a newbie and i really am intrested in becoming efficient with the fib tool
This is a classic rejection from intraday level.
Break through is basically a candle closing above or below a fib level.
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  • #7,190
  • Dec 12, 2008 2:44am Dec 12, 2008 2:44am
Alright seems like we are slowing down a bitt and we have started to shift down a bitt...let see if we get some orders filled from the possible triple top ...lets see how it plays out...

We are shifting back down in the 2 hour chart looking good...lets hope to close like this...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #7,191
  • Dec 12, 2008 3:03am Dec 12, 2008 3:03am
Seems like we are on a good one....

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  • #7,192
  • Dec 12, 2008 3:20am Dec 12, 2008 3:20am
12 hour bar closes within the hour
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  • #7,193
  • Dec 12, 2008 3:25am Dec 12, 2008 3:25am
Quoting priceaction
12 hour bar closes within the hour
Yep we pop 3250 and we will rock ....
  • #7,194
  • Dec 12, 2008 3:27am Dec 12, 2008 3:27am
Quoting priceaction
12 hour bar closes within the hour
Mine just closed last hour ....first bearish candle in days ...we are looking great
  • #7,195
  • Dec 12, 2008 6:01am Dec 12, 2008 6:01am
Crap it popped me LOL....

Alright guys hoped you enjoy the other trades...

Growth for the week 9 percent....

Lets hope for another good week coming up
  • #7,196
  • Dec 12, 2008 6:24am Dec 12, 2008 6:24am
Not a good trade to end the week
  • #7,197
  • Dec 12, 2008 6:26am Dec 12, 2008 6:26am
I have an buy order above intraday high.So far the mkt. has been ranging.If we trade above 1.3406 with a close candle within the next hour we may see a continuation of the up move from yesterday.
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  • #7,198
  • Dec 12, 2008 6:34am Dec 12, 2008 6:34am
Quoting speedarad
I have an buy order above intraday high.So far the mkt. has been ranging.If we trade above 1.3406 with a close candle within the next hour we may see a continuation of the up move from yesterday.
I've put one there myself too.
Wasn't quite sure whether it was a rational or revenge decision but your post adds some credibility and increased rationale to my action
  • #7,199
  • Dec 12, 2008 6:35am Dec 12, 2008 6:35am
Quoting priceaction
Not a good trade to end the week

Yea it sucked...I was on fire and was not going to trade today LOL....hey stick around this thread I give all my trades before I take them now on this thread...I will like you to participate as well...

Hope to have another good week coming up
  • #7,200
  • Dec 12, 2008 7:03am Dec 12, 2008 7:03am
I I may see some spikes but unless we don't see breaks of the lows of previous candles I 'll stick with it!
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