excellent post
it feels like some holiday where some big players forgot to show up to the game and the few players that are here are pushing pa around as they wish..up and down at any time with low volume. Its felt like this for a few weeks now (starting the week after feds bought us treasuries) but especially since the G-20 meeting.
Could the possibility be that the 'behavior' your gut does not like (or is not used to); is due to the (as rumor may have it; I have no substantive evidence of such) movement of massive quantities of $'s 'under the table' outside of normal channels?
pa closed on the hourly just below that 1.3235 value by only a few pips on my platform. So far it looks like it is a failed attempt however I'm not throwing the idea out just yet.
Instead I am looking at the most recent downtrend that developed since the high at 1.33xx. Pa for now is contained within the channel walls and I am waiting for the upper wall to be reached...see when and where that will be in comparison to that potential inverted h&s
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).
Thank you all for the precious information that you give here, for a newbie like myself it is very helpfull. Everytime I read the posts i notice how long does it takes to understand this business. I got a long way to go, I think it is wort, and I have a lot of fun learning this.
Once again, Thank you all. IŽll be reading your posts.
http://www.forexfactory.com/images/icons/icon14.gifhttp://www.forexfactory.com/images/icons/icon10.gif
But please don't follow anyone's advise until you have an opinion of your own. Here is your first useless tip --- If you can't tell where to get out ( good or bad ) don't get in.
made 20 pips
Glad to hear it, but for those of us in the cheap seats how about a play by play? Why did you get in and why did you get out?
final update on this
that downtrend was broken to the upside in spectacular fashion (not)...almost no resistance by the bears. there is a possibility that a bear flag has formed in the process (although i cant draw the trendlines for a "triangle"
There will be only one entry at this time if the scenario is met. A retest of the breakout wall of the downtrend which coincides with the shoulderline of the inverted h&s (which seems to be intact still).
Other then that...not much to do in my opinion.
Good pippin all.
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Welcome
As you can tell seeking advice from others may be your first smart move
IŽve beeing reading lots of posts here (yours too, of coursehttp://www.forexfactory.com/images/icons/icon7.gif) and I trying to made myself an opinion and develope my own trading style. I Žm comparing what people say(write) and what the market does....it helps me to filter the information that I get...and of course, understand how this business work. By now the best tip was K.I.S.S..LOL...IŽm trying to trade only in larger TFŽs with help from few indicators. I have the feeling I got to do some fine adjustments, work on my system so I...
It went everywhere and nowhere, meaning everyone and almost noone was right, cuz I don't remember anybody saying it wouldn't go anywhere but nowhere.
Well I donŽt drink much...Rednose is because of the Dog..Pitbull Rednose, i share their strong will to win. No matter what it takes.
"Who dare Wins"
yes ill try and quote my last posts from now on it might be beter understandable. as for actual resoning for entry & exit way to lazy for that with the unknown and th chaoch sinking factor i just place a set sl and trailing stop. i beleive this gives a pcyclelogical advantage easily identifing your major blunders and repeat ofenders. you might notice ive often disoboyeyd my 50ema but thats cos its so ranging at the moment. last week i was using 30sl35tp this week50sl55ts next week i want to use 100sl100ts and mayb i b happy. you can read my earlier...
Well to each his own, I personally think that a man needs all the bad habits he can get. I don't think we will be allowed any in the after-life. If you make it to a ripe old age, and can remember what you did. It maybe more fun to regret what you did,and not what you didn't
