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  • #77,441
  • Mar 19, 2009 12:33am Mar 19, 2009 12:33am
well, at least after the last big move, there is a concensus among retail trader that the bias now is long

of course, a lot trader before the move, that already have long bias in mid term , but hoping the price retrace a little bit more before jump the train. not to mention with that speed.

now,now,now..what pa do, just re-test, or depart from this 1.35xx station, to continue the journey

im long now, try to scalp..my bias is retest n go to pivot/50% fib..but who know? papa bear to scare to show his nose, coz papa bull going berserk
  • #77,442
  • Mar 19, 2009 12:33am Mar 19, 2009 12:33am
Quoting altrader
lol, and my stoploss is at 92.....
you and a million others.. some enter there 88/91
those who can, do. those who cant, talk about those who can
  • #77,443
  • Mar 19, 2009 12:35am Mar 19, 2009 12:35am
Quoting gatorinla
ill take a shot at this moves top..
Looks like M3 might have been the charm.. but I'm waiting for a second tap or close to it.
FUBAR...
  • #77,444
  • Mar 19, 2009 12:36am Mar 19, 2009 12:36am
Quoting 99vt66
Its so sad to read such strong statement.... I have personally posted 3 posts since last week for this long trade, even stating the first line of resistance @13550. The last post was 18hrs ago....There is at least 1 person whom I know read my post ( ie Mr. Jay Walker) I honestly hope and believe there were more. No worry... there is always plenty of chances still..just use you trusty fibo to capture all the retarcements for long trades...This Bullish run is far from over, trust me. I will personally post again for any stalling/topping/reversals...
Sad? Strong?

It must be very sad to feel sad when you don't agree with someone else opinion.

BTW, TAKE CARE of your health.
Why do we fall? "So we can learn to pick ourselves up."
  • #77,445
  • Mar 19, 2009 12:37am Mar 19, 2009 12:37am
Quoting gatorinla
see kids why you shouldnt do crack!
http://i128.photobucket.com/albums/p...g?t=1237441007
Not all sins are created equal
  • #77,446
  • Edited 12:43am Mar 19, 2009 12:38am | Edited 12:43am
Quoting KillerWhale
There are no "win win" situations in forex.
You win or you lose, but don't worry, you'll find out.
You are right. I have just closed half position at 1:1 r/r profit and brought SL for the remaining half above BE ............. so it is now only a win situation. But no doubt, there is no win win situation in forex.

ps. Proof: went back just to see remaining half was stopped out.
The Thief of Wall Street
  • #77,447
  • Mar 19, 2009 12:38am Mar 19, 2009 12:38am
Quoting altrader
lol, and my stoploss is at 92.....
I'd think carefully about putting an SL that close to a pivot... it's a natural for a few pips overshoot before reversing, if in fact it does... M3 is at 3487 by my chart. gator got a good entry, i may have missed it this time.

but i usually don't so no worries... there's always next time, and still have running shorts from higher.
FUBAR...
  • #77,448
  • Mar 19, 2009 12:40am Mar 19, 2009 12:40am
Quoting ak4x
Looks like M3 might have been the charm.. but I'm waiting for a second tap or close to it.
fat lady aint song yet.. but am at be now..
those who can, do. those who cant, talk about those who can
  • #77,449
  • Mar 19, 2009 12:43am Mar 19, 2009 12:43am
Quoting gatorinla
you and a million others.. some enter there 88/91
Yeah probably.

Oh and on my chart I can see some bearish divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: bearDiverge1.jpg Size: 287 KB
  • #77,450
  • Mar 19, 2009 12:43am Mar 19, 2009 12:43am
Quoting ak4x
I'd think carefully about putting an SL that close to a pivot... it's a natural for a few pips overshoot before reversing, if in fact it does... M3 is at 3487 by my chart. gator got a good entry, i may have missed it this time.

but i usually don't so no worries... there's always next time, and still have running shorts from higher.
makes me feel short term bearish slightly.. people dont trade what i said.. if you dont understand.. ak has the picture..
those who can, do. those who cant, talk about those who can
  • #77,451
  • Mar 19, 2009 12:44am Mar 19, 2009 12:44am
Quoting ak4x
I'd think carefully about putting an SL that close to a pivot... it's a natural for a few pips overshoot before reversing, if in fact it does... M3 is at 3487 by my chart. gator got a good entry, i may have missed it this time.

but i usually don't so no worries... there's always next time, and still have running shorts from higher.
Thanks for bringing this to my attention. I think I need to rethink my Stop Loss approach a little bit. I got too carried away with R:R ratios I think this time.
  • #77,452
  • Mar 19, 2009 12:45am Mar 19, 2009 12:45am
In the daily chart we can easily recognize that EU will up to about 1.3780 before down strongly
  • #77,453
  • Mar 19, 2009 12:46am Mar 19, 2009 12:46am
just an interesting observation i thought id point out. now we have been moving higher since last tuesday...first in the form of W continuation up patterns and then in the form of consolidation areas (starting last friday) where each broken resistance became support on retest. this has happened for a good 3-4 days now.

currently 1.2425 is proving as strong support as pa has developed since the us session. current pa suggests we may just break through it. Why is this important?...because it would be a change in price action behavior and we would actually be taking one step back!....as to the magnitude of the step who knows..could reach 1.3210 (the previous upper wall of the uptrend channel we were in).

But yeah...dont count the bull out until at least that level gets broken..for now its a hard floor where pa just bounces off of..must be some new concrete formula...


Sidenote:..there is also the possibility we may have a cup and handle on our hands...so many unknown variables right now...best to remain flat in my opinion
Different opinions highly valued, ignorant to slander.
  • #77,454
  • Mar 19, 2009 12:49am Mar 19, 2009 12:49am
Quoting ak4x
I'd think carefully about putting an SL that close to a pivot... it's a natural for a few pips overshoot before reversing, if in fact it does... M3 is at 3487 by my chart. gator got a good entry, i may have missed it this time.

but i usually don't so no worries... there's always next time, and still have running shorts from higher.
btw i didnt know is was m3.. i used math and past s/r i have to tweak it some.. to get in tune with what numbers the big boys use.. you can tweak each pair and evetually find a number that works most of the time.. then add or subtract to improve entry odds..this pair tends to overshoot on big moves by 75 pips.. 75 comes up many times.. but didnt work today..
those who can, do. those who cant, talk about those who can
  • #77,455
  • Mar 19, 2009 12:51am Mar 19, 2009 12:51am
I still believe in bullish potential on the weekly chart.

I'm still in...
Not all sins are created equal
  • #77,456
  • Mar 19, 2009 12:52am Mar 19, 2009 12:52am
The frankiestein open in 8 minutes... last chance for a p&p...
FUBAR...
  • #77,457
  • Mar 19, 2009 12:52am Mar 19, 2009 12:52am
looks like nice pin bar until now..if still pin until the closed of the candle, im in, to try to test . 3400 n maybe pp
  • #77,458
  • Mar 19, 2009 12:53am Mar 19, 2009 12:53am
Quoting gatorinla
btw i didnt know is was m3.. ..
i try to post all that crap sometime a'rd 5pm ish.
FUBAR...
  • #77,459
  • Mar 19, 2009 12:55am Mar 19, 2009 12:55am
Quoting psiholog
just an interesting observation i thought id point out. now we have been moving higher since last tuesday...first in the form of W continuation up patterns and then in the form of consolidation areas (starting last friday) where each broken resistance became support on retest. this has happened for a good 3-4 days now.

currently 1.2425 is proving as strong support as pa has developed since the us session. current pa suggests we may just break through it. Why is this important?...because it would be a change in price action behavior and we would...
my pending entry is 3181
those who can, do. those who cant, talk about those who can
  • #77,460
  • Mar 19, 2009 12:57am Mar 19, 2009 12:57am
Quoting Jay Walker
I still believe in bullish potential on the weekly chart.

I'm still in...
out of curiosity how much profit have you locked in so far and where is your current stop loss. i know you have been long since the 1.2500 levels so this has been a 1000pip gain for you in less then 2 weeks...at what point do you say..."lets not be greedy now". a chart would help as well
Different opinions highly valued, ignorant to slander.
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