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  • #91,861
  • May 1, 2009 8:26am May 1, 2009 8:26am
Quoting Mackeymax
chart shows an S-H-S and a reverse as well....must be Friday....still short from pivot 1.3280....need to see 1.3227 break or will take profit.....then lay down....suffering from pattern recognitionitis......very common in forex traders.......



mm


p.s. closed trade @ 1.3260....20 pips a day keeps an employer away.......
like the p.s.
  • #91,862
  • May 1, 2009 8:33am May 1, 2009 8:33am
Quoting trader69
was this your first $300, or your last $300 that you are losing? i dont think i would be quitting forex because i only lost $300. everybody knows that eventually, you pay for your education. i have a feeling you will be back.
Shame he did'nt wait for around!!
It should get to his TP, and further.
Bit of Drama,eh?
Good Trading. (keep it simple).
  • #91,863
  • May 1, 2009 8:36am May 1, 2009 8:36am
thinking on going long from 3247 tp 3257. sl 3240....
still thinking????
or maybe another short right now...not likely though
  • #91,864
  • May 1, 2009 8:38am May 1, 2009 8:38am
Quoting stewrigh
Just googled Mattrach - he is truly awesome
r u who is the guys mentioning my name to John(etoro fund manager)?
  • #91,865
  • May 1, 2009 8:47am May 1, 2009 8:47am
Quoting jphotdeals
thinking on going long from 3247 tp 3257. sl 3240....
still thinking????
or maybe another short right now...not likely though
Did you make the trade?
I am waiting for the market to get to 1.3275 before deciding whether to sell or buy. My inclination is to now buy this market, but I will wait for price action to determine my best entries
  • #91,866
  • May 1, 2009 8:53am May 1, 2009 8:53am
I'm shorting from 1.3295 TP 1.3200. Already BE.
  • #91,867
  • May 1, 2009 8:54am May 1, 2009 8:54am
While am visit this post..here is my view

H4 look formed pin bar ~1.3280 and possibility to test @ 50%-61.8% fib...

But 1.32 is possible today and and going to my fib 61.8% @ 1.3150..maybe Monday next week..

Break this 1.3150 may touch to my LTL @1.3050...

so short with

1. first target @ 1.32
2. second target short @1.3150
3. third target was 1.3050

Next week 2nd target possible to be hit..

anyway am not trade EU/USd but this is just my view..

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: euro.JPG Size: 103 KB
  • #91,868
  • May 1, 2009 8:58am May 1, 2009 8:58am
Quoting serhiy
I'm shorting from 1.3295 TP 1.3200. Already BE.
  • #91,869
  • May 1, 2009 9:01am May 1, 2009 9:01am
confirmed short
  • #91,870
  • May 1, 2009 9:02am May 1, 2009 9:02am
Quoting Big Bruv
keep ur eyes on the shaded area...dat is a weekly decending TL....we close above dat and ...'bobs ur uncle'..baby

Don't be caught like a rabbit in head lights...

Still long off the 1.3000 level (swing trade)
http://sammatthews.com/images/Random...Headlights.jpg
  • #91,871
  • May 1, 2009 9:03am May 1, 2009 9:03am
not in trade
  • #91,872
  • May 1, 2009 9:06am May 1, 2009 9:06am
Quoting Atlast
not in trade
Long above 1.3275
Short below 1.3253
  • #91,873
  • May 1, 2009 9:07am May 1, 2009 9:07am
Getting a bit choppy around the pivot....good fight going on. Glad their not in the dining car. What's that? Bull in the china shop?
  • #91,874
  • May 1, 2009 9:08am May 1, 2009 9:08am
Quoting dysan4x
Getting a bit choppy around the pivot....good fight going on.
Yeses, it has to go one way and we will soon find out whether this trip is a merry go round or not
  • #91,875
  • May 1, 2009 9:15am May 1, 2009 9:15am
fasten seat belts, unexpected turbulence. This market could still go up
  • #91,876
  • May 1, 2009 9:15am May 1, 2009 9:15am
Quoting Atlast
Long above 1.3275
Short below 1.3253
Can you please give some insight how you come up with this numbers???

To me a short comes when there is a break of the ascending line which started yesterday. Now it is at about 1.3240...
  • #91,877
  • May 1, 2009 9:19am May 1, 2009 9:19am
Quoting colbru
Can you please give some insight how you come up with this numbers???

To me a short comes when there is a break of the ascending line wich started yesterday. Now it is a about 1.3240...
1.3275 is the swing low of the move down from the 1.3328 high today in low TF. The 1.3253 is a little more complicated, but is off an ascending trendline in the lower TF from the low ataround 9:30 am
  • #91,878
  • May 1, 2009 9:19am May 1, 2009 9:19am
Quoting Atlast
Did you make the trade?
I am waiting for the market to get to 1.3275 before deciding whether to sell or buy. My inclination is to now buy this market, but I will wait for price action to determine my best entries
Daughter neede breakfast, she wanted Pancakes...had to make fresh

thinking of shortingnow will wait for confirmation
  • #91,879
  • May 1, 2009 9:20am May 1, 2009 9:20am
This present move down I have completing or stalling at around 1.3219
  • #91,880
  • May 1, 2009 9:25am May 1, 2009 9:25am
Anyone here got a decent Fibonacci indicator
rat
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