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  • #65,381
  • Feb 16, 2009 8:09am Feb 16, 2009 8:09am
if this is a serious move to the upside, we should see 2950 at least today -otherwise just continuation of the range or kollaps down.
/ ... clarifying decisions ... /
  • #65,382
  • Feb 16, 2009 8:14am Feb 16, 2009 8:14am
Quoting BoredToLoose
Do not break the rules of trading!!

Keep MM under control.
And let the trade breath!!
You're right. Thank you BoredToLoose. I am out for the day. I have lost 2.9% today.

Man, it sux. Maybe I should have avoided today given that it was a US bank holiday.

Usually breakout of the 1hr inner bar works good for me but today it was a train wreck. Then I attempted a brerakout of the symettrical triangle but did not take profit at 2741. Instead I waited and got stopped out higher because I accidently forgot to move my stop to 'break even' level. Arrgh...it's just been one of those days lol.
  • #65,383
  • Feb 16, 2009 8:22am Feb 16, 2009 8:22am
If we move to that zone the PA will break the 4H downward channel, and then we will see plenty more upmovement


Quoting walb99
if this is a serious move to the upside, we should see 2950 at least today -otherwise just continuation of the range or kollaps down.
  • #65,384
  • Feb 16, 2009 8:30am Feb 16, 2009 8:30am
Quoting OzorioFX
If we move to that zone the PA will break the 4H downward channel, and then we will see plenty more upmovement
Yes I agree, this is a very important trendline
/ ... clarifying decisions ... /
  • #65,385
  • Feb 16, 2009 8:45am Feb 16, 2009 8:45am
Quoting walb99
Yes I agree, this is a very important trendline

Could you post a chart showing the trendline and the "PA" zone. I am not fimiliar with this "PA zone" terminology..... thx
  • #65,386
  • Feb 16, 2009 8:47am Feb 16, 2009 8:47am
I got all bent out of shape about my long after the gap down. Glad I got a chance to reenter. I would have been even more upset if I sold at bottom and miss the run up...this game can make you crazy.
  • #65,387
  • Feb 16, 2009 8:49am Feb 16, 2009 8:49am
i hope im not alone with the BULL today, thought still holding 45% of my short.i have a long from 1.272x
  • #65,388
  • Feb 16, 2009 8:51am Feb 16, 2009 8:51am
Quoting candlesticks
Could you post a chart showing the trendline and the "PA" zone. I am not fimiliar with this "PA zone" terminology..... thx
This what you want to see?
Attached Image (click to enlarge)
Click to Enlarge Name: 2009.02.16 15.49.gif Size: 13 KB
/ ... clarifying decisions ... /
  • #65,389
  • Feb 16, 2009 8:55am Feb 16, 2009 8:55am
I am waiting to go short when we close the gap
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This is Forex ...
  • #65,390
  • Feb 16, 2009 8:57am Feb 16, 2009 8:57am
Quoting walb99
This what you want to see?

Ok Thx. What is this "PA zone". what does "PA stands for?
  • #65,391
  • Feb 16, 2009 8:58am Feb 16, 2009 8:58am

Well guys,
boring session but, if we go to 2852 I quit my long from 2753.


My next trades will be:


EURUSD short at 1,2852
USDCHF long at 1,1564-59

The best thing that can happen to you is to find out where you're wrong.
  • #65,392
  • Feb 16, 2009 8:59am Feb 16, 2009 8:59am
Quoting candlesticks
Ok Thx. What is this "PA zone". what does "PA stands for?
The zone above the trendline imo. PA= price action
/ ... clarifying decisions ... /
  • #65,393
  • Feb 16, 2009 9:02am Feb 16, 2009 9:02am
I made 65 pips from 2am last night, went long put my sl tp and went to sleep. I notice I make more money when I don't watch the price action...

It was a small order though
What goes up... Must come down
  • #65,394
  • Feb 16, 2009 9:06am Feb 16, 2009 9:06am
go euro go! 1.34

(holding long from 1.2730 to fill the gap)
  • #65,395
  • Feb 16, 2009 9:08am Feb 16, 2009 9:08am
...How many pips is 'acceptable' slippage, in a quiet market like today..?
  • #65,396
  • Feb 16, 2009 9:09am Feb 16, 2009 9:09am
Quoting Beeps
...How many pips is 'acceptable' slippage, in a quiet market like today..?
0 pips
  • #65,397
  • Feb 16, 2009 9:16am Feb 16, 2009 9:16am
Quoting yanick2nick
I made 65 pips from 2am last night, went long put my sl tp and went to sleep. I notice I make more money when I don't watch the price action...

It was a small order though
good one.. im still in the ride 4 now.. and still comfortable. i picked up the ec at a good price also ..
those who can, do. those who cant, talk about those who can
  • #65,398
  • Feb 16, 2009 9:32am Feb 16, 2009 9:32am
This move to the upside looks like a correction by now. 4h TF is still down.
/ ... clarifying decisions ... /
  • #65,399
  • Feb 16, 2009 9:35am Feb 16, 2009 9:35am
Quoting walb99
This move to the upside looks like a correction by now. 4h TF is still down.
Agreed, just put another short in....The higher you start the more fun the ride down is!!
  • #65,400
  • Feb 16, 2009 9:38am Feb 16, 2009 9:38am
Quoting bgin2end
Agreed, just put another short in....The higher you start the more fun the ride down is!!
the higher you start... the stronger is the impact on the floor
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