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  • #90,101
  • Apr 28, 2009 10:30am Apr 28, 2009 10:30am
Quoting chady250
Same here. Short at 1.3110 SL at 1.3150

Are u just basing ur numbers on fib levels ????
  • #90,102
  • Apr 28, 2009 10:33am Apr 28, 2009 10:33am
Quoting chady250
Same here. Short at 1.3110 SL at 1.3150

just curious, why put your stop @ 1.3150? i dont see any resistance until 1.3185 area.
"i wake up in the morning, and i piss excellence"
  • #90,103
  • Apr 28, 2009 10:34am Apr 28, 2009 10:34am
Quoting vinesh2
Going short at these prices is not advisable. Wait for the Daily close if we close above 1.31 then shorts are toast. They will now make more rises then falls so just be aware of that. Month end reversal moves going to happen for the next couple of weeks
I do agree with you Vin, this is against my normal trading plan, just experimenting here. Looks like a bad one too lol
"Luck favors the prepared mind"
  • #90,104
  • Apr 28, 2009 10:35am Apr 28, 2009 10:35am
Quoting trader69
just curious, why put your stop @ 1.3150? i dont see any resistance until 1.3185 area.
so are you thinking then buy until 3185?
  • #90,105
  • Apr 28, 2009 10:39am Apr 28, 2009 10:39am
Quoting trader69
just curious, why put your stop @ 1.3150? i dont see any resistance until 1.3185 area.
Nah, just decided to risk 40 pips on this trade. This area, seems like a strong resistance area, so any push above 1.3150 will be considered bullish to me.
"Don't work for your money, but let money work for you."
  • #90,106
  • Apr 28, 2009 10:41am Apr 28, 2009 10:41am
Then you should specify on your calls that this is against your plans or else ppl will take your call blindly and enter trades just like Chadhy here did
  • #90,107
  • Apr 28, 2009 10:46am Apr 28, 2009 10:46am
Quoting jesjack
so are you thinking then buy until 3185?

you could do that, but i prefer to short at higher levels. the place to go long was around the even numbers ie. 1.3000 and 1.3100. i have found that price almost never closes the day at even numbers, and 1.3000 would have been a good risk seeing how there was such a big down move and the us session still hadn't played out yet. so to answer your question, i would not go long at current level. already a big run up for the day, and there may not be as many buyers up here.
"i wake up in the morning, and i piss excellence"
  • #90,108
  • Apr 28, 2009 10:51am Apr 28, 2009 10:51am
Quoting trader69
you could do that, but i prefer to short at higher levels. the place to go long was around the even numbers ie. 1.3000 and 1.3100. i have found that price almost never closes the day at even numbers, and 1.3000 would have been a good risk seeing how there was such a big down move and the us session still hadn't played out yet. so to answer your question, i would not go long at current level. already a big run up for the day, and there may not be as many buyers up here.
thanks for your info. I actually just scalped and got out with some profit.... its almost 1PM where I am and it usually does strange things at that time that I have noticed.. I thought it was going to dive down earlier this morning and then it ran up.. hate the days when I cant all it...
  • #90,109
  • Edited 11:02am Apr 28, 2009 10:52am | Edited 11:02am
EU M15 Chart: Looks like a Bear Channel trap for the bulls....encouraging bulls to take on longs so the market movers can take the short side of the trades......before next leg down.

Edit: Added Convergence/Divergence to chart....."bottoms up, tops down" indicating downward PA may be upcoming.
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  • #90,110
  • Apr 28, 2009 10:53am Apr 28, 2009 10:53am
Quoting vinesh2
Then you should specify on your calls that this is against your plans or else ppl will take your call blindly and enter trades just like Chadhy here did
You got it.
"Luck favors the prepared mind"
  • #90,111
  • Apr 28, 2009 11:01am Apr 28, 2009 11:01am
Quoting jesjack
thanks for your info. I actually just scalped and got out with some profit.... its almost 1PM where I am and it usually does strange things at that time that I have noticed.. I thought it was going to dive down earlier this morning and then it ran up.. hate the days when I cant all it...

sounds good. scalping rocks.
"i wake up in the morning, and i piss excellence"
  • #90,112
  • Apr 28, 2009 11:09am Apr 28, 2009 11:09am
Quoting traderathome
NFA ............
No one has EVER lost money trading on the CME or the former CBOT - who didn't lose it on their own or with a broker who they gave authoriztion to trade for them.

Can the same be said for Forex bucketshops/scammers?

And that is why I trade both forex and currency futures.
  • #90,113
  • Apr 28, 2009 11:14am Apr 28, 2009 11:14am
Hi all

what d u think?
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  • #90,114
  • Apr 28, 2009 11:23am Apr 28, 2009 11:23am
Not a call, but will be watching for a drift or drop back towards the DP/ 3100 figure if M3 cannot be breached.

ADD: If M3 breached, the 3170/80 could be near target with ease.
Attached Image
FUBAR...
  • #90,115
  • Apr 28, 2009 11:29am Apr 28, 2009 11:29am
Quoting ak4x
Not a call, but will be watching for a drift or drop back towards the DP/ 3100 figure if M3 cannot be breached.

ADD: If M3 breached, the 3170/80 could be near target with ease.
They just heard you, ak4x. Do they have a uncontrollable fetish to prove who is in control?
  • #90,116
  • Apr 28, 2009 11:30am Apr 28, 2009 11:30am
Say bye bye to your SL who ever shorted at 1.311 and put a SL at 1.3150. I am not sure why ppl trade like this and keep loosing money. Main thing to learn is to learn trader mentality and figure how the big traders think. They obviously know that retail traders are going to short it once price breaks 1.3080 and lo behold we all shorted it was stay nicely below that level and traders kept on accumulating their short there and boom what happens next they shot right through the 1.3080 level. Lear how the big traders think
  • #90,117
  • Apr 28, 2009 11:36am Apr 28, 2009 11:36am
If 3165 gets taken out (and I don't doubt that it will) the big boys are looking for 3380 area.
  • #90,118
  • Apr 28, 2009 11:41am Apr 28, 2009 11:41am
Nice movement up, 150 pips in profit ... and will hold

I really love speculations here on FF ... one said....sure it will go long...second...sure it will drop....third , I am away cause of not sure what to do.... lol... love those comments

And it is so simple as hell...just follow Do not speculate... speculations are for idiots in politics ... trading is the most simple thing ever ...it was for hundreads years and it will be... buy , if go up...do not speculate about sell ...and vice versa....just folow the PA

Hope you guys you do not lost a lot on those shorts
Wish you a lot of great moments with those you love.
  • #90,119
  • Apr 28, 2009 11:44am Apr 28, 2009 11:44am
Quoting vinesh2
Say bye bye to your SL who ever shorted at 1.311 and put a SL at 1.3150. I am not sure why ppl trade like this and keep loosing money. Main thing to learn is to learn trader mentality and figure how the big traders think. They obviously know that retail traders are going to short it once price breaks 1.3080 and lo behold we all shorted it was stay nicely below that level and traders kept on accumulating their short there and boom what happens next they shot right through the 1.3080 level. Lear how the big traders think
So, now they own the short positions they stopped out, and we can expect another big dump in the PA?
  • #90,120
  • Apr 28, 2009 11:47am Apr 28, 2009 11:47am
Quoting vinesh2
Say bye bye to your SL who ever shorted at 1.311 and put a SL at 1.3150. I am not sure why ppl trade like this and keep loosing money. Main thing to learn is to learn trader mentality and figure how the big traders think. They obviously know that retail traders are going to short it once price breaks 1.3080 and lo behold we all shorted it was stay nicely below that level and traders kept on accumulating their short there and boom what happens next they shot right through the 1.3080 level. Lear how the big traders think
i think he got out with small profit before run up. i shorted @ 3163, out at 3150. you are right about retail traders getting more short. personally,i don't place stops for brokers to hunt.
"i wake up in the morning, and i piss excellence"
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