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EURUSD

  • #85,761
  • Apr 15, 2009 2:11am Apr 15, 2009 2:11am
Quoting Cayiema
Secret..
  • #85,762
  • Apr 15, 2009 2:11am Apr 15, 2009 2:11am
Morning all (yaaaaawn)

I've put an entry order (short) at 3060 for a quick scalp, but there's a support level, so... gambling

edit: obv @ 3206, not 3060
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  • #85,763
  • Apr 15, 2009 2:13am Apr 15, 2009 2:13am
Quoting psiholog
you sound so confident, as I have done several times in the past I will offer some constructive criticism. First, what makes you so confident it will continue down? Secondly, at what point in time do you tell yourself, this thing wont go back down and I should either A) close position manually or B) let stop loss close position. Third, are you using proper MM?

If you cannot answer all 3 with certainty...then ask yourself why you took this trade in the first place. If you can answer all 3, you may as well ignore this post
Hi, MM on my chart shows another support level at 1.3214. Wonder whether my MM chart is correct?
Your help appreciated.
  • #85,764
  • Apr 15, 2009 2:14am Apr 15, 2009 2:14am
Quoting Hasnaa
Come on la.. dont tell me u dont get it.. Lurve = Love..
-=I Lurve Making A Mistake=- -=Forex 4 Life=-
  • #85,765
  • Apr 15, 2009 2:16am Apr 15, 2009 2:16am
Quoting Cayiema
Hope so..
someone once told me

"Being fairly immune from the commoner speculative ailments, such as greed and fear and hope" - priceless! J. Livermore
  • #85,766
  • Apr 15, 2009 2:16am Apr 15, 2009 2:16am
  •  yxy
  • | Joined Jul 2008 | Status: just one pip at a time | 55 Posts
White circle show a convergence...
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  • #85,767
  • Apr 15, 2009 2:17am Apr 15, 2009 2:17am
hi all

wave analysis, nearest target 1.3390
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{Promotion Removed}
  • #85,768
  • Apr 15, 2009 2:18am Apr 15, 2009 2:18am
Quoting Cayiema
Come on la.. dont tell me u dont get it.. Lurve = Love..
Ok....so...Now ...We R friends....
  • #85,769
  • Apr 15, 2009 2:18am Apr 15, 2009 2:18am
Quoting SilverShark
someone once told me

"Being fairly immune from the commoner speculative ailments, such as greed and fear and hope" - priceless! J. Livermore
Thanx for the word..

Still waiting.. is it retracement or new trend?
-=I Lurve Making A Mistake=- -=Forex 4 Life=-
  • #85,770
  • Apr 15, 2009 2:19am Apr 15, 2009 2:19am
Quoting Horn
on my chart shows another support level at 1.3214. Wonder whether my chart is correct?
Your help appreciated.
Honestly I cannot answer this particular question. I only look at major supports or resistances. Level where pa struggles to get through. There used to be a time when I focused on each individual mini support and resistance but not anymore....too much noise. In other words...within the range from 1.3415/25 to 1.3130 I only see two critical areas at 1.3320 and 1.3225. Currently I am looking at the 1.3225 level which has been broken and is currently trying to become resistance. Whether it will succeed or not I have no clue because pa moved only a few pips south of that 1.3225 level. As far as 1.3214 goes...I have no clue
Different opinions highly valued, ignorant to slander.
  • #85,771
  • Apr 15, 2009 2:19am Apr 15, 2009 2:19am
a 1-2-3 formation broken in frankfurt hour always makes me

i watch .324 for possible down continue...maybe not
  • #85,772
  • Apr 15, 2009 2:20am Apr 15, 2009 2:20am
Quoting Horn
So, u mean that TL not broken?
There are typically more than one TL that can be looked at. It becomes a task to identify the one that the price action/market is respecting and where the next one/ones are at so you can not assume the one you are looking at is 'the' one. If there is another 20pips away that is really the one that the market is respecting you can get yourself caught in a bounce off it and incur a loss.

The one on the first chart I posted actually did have a close right at the TL line on the 1hr chart. So it's really too close to call. Not clean enough break and with two more TLs converging about 20 pips below the low just set at 3209 on my charts I wouldn't enter a short based on what I have seen so far. Break of the one at 3190 and I'd feel more confident.

Sorry for any confusion, this is a 'living art' being able to read it all in real time. I'm human and miss clues all the time. Which sucks for sure.
  • #85,773
  • Apr 15, 2009 2:22am Apr 15, 2009 2:22am
Quoting jcalberto
I think soon we go short to 1.3220. In 4H chart I have a ressistence at 1.3280.
In asia session i'm short
1.3220. Yes, yes, yes
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  • #85,774
  • Apr 15, 2009 2:25am Apr 15, 2009 2:25am
Quoting Pipsta
There are typically more than one TL that can be looked at. It becomes a task to identify the one that the price action/market is respecting and where the next one/ones are at so you can not assume the one you are looking at is 'the' one. If there is another 20pips away that is really the one that the market is respecting you can get yourself caught in a bounce off it and incur a loss.

The one on the first chart I posted actually did have a close right at the TL line on the 1hr chart. So it's really too close to call. Not clean enough break and...
No worries. As they say trade at one's own risk.

Cheers
  • #85,775
  • Apr 15, 2009 2:28am Apr 15, 2009 2:28am
Quoting Cayiema
Come on la.. dont tell me u dont get it.. Lurve = Love..
Well, you cannot expect an interrnational crowd to understand the typical Singlish language right?

Btw, welcome.

Bro from the same little red dot.
  • #85,776
  • Apr 15, 2009 2:28am Apr 15, 2009 2:28am
Quoting derek
hi all

wave analysis, nearest target 1.3390
R U Sure...!?
  • #85,777
  • Apr 15, 2009 2:30am Apr 15, 2009 2:30am
Quoting perrier
Well, you cannot expect an interrnational crowd to understand the typical Singlish language right?

Btw, welcome.

Bro from the same little red dot.
Greetings..
-=I Lurve Making A Mistake=- -=Forex 4 Life=-
  • #85,778
  • Apr 15, 2009 2:33am Apr 15, 2009 2:33am
Quoting psiholog
you sound so confident, as I have done several times in the past I will offer some constructive criticism. First, what makes you so confident it will continue down? Secondly, at what point in time do you tell yourself, this thing wont go back down and I should either A) close position manually or B) let stop loss close position. Third, are you using proper MM?

If you cannot answer all 3 with certainty...then ask yourself why you took this trade in the first place. If you can answer all 3, you may as well ignore this post
First i think that if you do something, you got to be confident about it, if you're not confident, i don't know how you trade.
1)hourly chart shows chance of going down, and level 3220 was broken
2)if it would go above 3240 i would wait for small fallback and close, if it would go straight over 3250 it would let stop loss close position
3)what is in your point of view proper MM, for myself i use MM with witch i feel most comfortable
  • #85,779
  • Apr 15, 2009 2:37am Apr 15, 2009 2:37am
12 pips, Good night and its been fun.
  • #85,780
  • Apr 15, 2009 2:38am Apr 15, 2009 2:38am
Quoting psiholog
Honestly I cannot answer this particular question. I only look at major supports or resistances. Level where pa struggles to get through. There used to be a time when I focused on each individual mini support and resistance but not anymore....too much noise. In other words...within the range from 1.3415/25 to 1.3130 I only see two critical areas at 1.3320 and 1.3225. Currently I am looking at the 1.3225 level which has been broken and is currently trying to become resistance. Whether it will succeed or not I have no clue because pa moved only a...
Thank you for the explanation. Fully understood.
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