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  • #93,181
  • May 6, 2009 11:09am May 6, 2009 11:09am
Quoting Coho
No just think its funny that after its gone down 200 pips it now is starting to look bearish. Im sure as it hit 3450 you were saying it was looking bullish.


Thats the point if you really understand how the market works you buy low and sell high right?

why would you sell down here after it has dropped 200 pips? Just curious. Breakout trading is very dangerous.
Breakout trading is maybe the safest, at least safest than quant, and please stop looking at 1 minute charts, it is not good for your emotional health.
  • #93,182
  • May 6, 2009 11:14am May 6, 2009 11:14am
Quoting Coho
No just think its funny that after its gone down 200 pips it now is starting to look bearish. Im sure as it hit 3450 you were saying it was looking bullish.


Thats the point if you really understand how the market works you buy low and sell high right?

why would you sell down here after it has dropped 200 pips? Just curious. Breakout trading is very dangerous.
Coho Let me explain.

You have obviously got the wrong end of the stick go back and read your original post and my orignal reply.

I will help you;

Quoting Coho
Im looking for places to get long on eu. 1.3250 area is where i am looking.
Quoting PipLand
well at least you can have a really small stop loss as below 3245 we will look very bearish
Hmm now how many pips is there from 1.3250 to 1.3245?? I'll give you a clue its not 200!!

I have attached a chart to show you what I mean, as you we clearly see the short to medium term structure looks very different below this level

Next time at least think what you are saying before you criticize, I was simply offering a little advice!
Attached Image (click to enlarge)
Click to Enlarge Name: level.gif Size: 75 KB
  • #93,183
  • May 6, 2009 11:17am May 6, 2009 11:17am
Quoting Coho
No just think its funny that after its gone down 200 pips it now is starting to look bearish. Im sure as it hit 3450 you were saying it was looking bullish.


Thats the point if you really understand how the market works you buy low and sell high right?

why would you sell down here after it has dropped 200 pips? Just curious. Breakout trading is very dangerous.
2 days ago there were buyers at 3400 and today sellers. Price is never too high to buy or too low to sell. Look at a bigger TF and you will see....it is just now starting to look bearish.
  • #93,184
  • May 6, 2009 11:37am May 6, 2009 11:37am
Quoting TheFisherman
Ha, ha! The turkish trader was early on the call. Maybe he just wanted to paint the hair. Definately he will get fired.


I told you it was going up...yes I did.
  • #93,185
  • May 6, 2009 11:43am May 6, 2009 11:43am
Quoting Coho
No just think its funny that after its gone down 200 pips it now is starting to look bearish. Im sure as it hit 3450 you were saying it was looking bullish.


Thats the point if you really understand how the market works you buy low and sell high right?

why would you sell down here after it has dropped 200 pips? Just curious. Breakout trading is very dangerous.

I guess it just depends on what time-frame you are trading.
  • #93,186
  • May 6, 2009 11:48am May 6, 2009 11:48am
Quoting dannies
with the H&S and all, we shall see a down..

seems to be prices are fighting north and south, but slowly the bears are killing the bulls..

Which H&S? A H&S isn't a H&S until it is complete!
  • #93,187
  • May 6, 2009 11:54am May 6, 2009 11:54am

That is called a W for wads of money as the train smoke paints a victory sign
  • #93,188
  • May 6, 2009 11:56am May 6, 2009 11:56am
Quoting Atlast

That is called a W for wads of money as the train smoke paints a victory sign

This baby ain't looking back!
  • #93,189
  • May 6, 2009 11:58am May 6, 2009 11:58am
Long term passengers would be well advised to take something off the table as it approaches 1.3359, then wait for a consolidation to add and carry the trade overnight
  • #93,190
  • Edited 12:12pm May 6, 2009 11:59am | Edited 12:12pm
Quoting Coho
Hilarious good thing i dont base my trading of what you or anyone else says. Typical trader it starts looking bearish after its gone down hundred pips or so.


It's a wonder why the majority of traders fail. That post is exhibit A of why.
Sniff... Sniff...

You seem awfully familar... maybe it's all the similiarities between "coho" and "steelhead" and the uncanny resemblances of 3 of your 4 posts so far to his...

Curious and Curiouser. Of course since he managed to get himelf Banned, it would require a new nom de guerre to return...

If I"m wrong... my bad. Accept my apologies in advance and Carry On. Blow in here to FF 6 hrs ago and start off insulting people by all means... Your attitude will reveal who you really are soon enough, even if in fact you're not who I think you are.

Maybe it's a just a shared trait common to those who know so much more than all the rest of us put together...

In any event, I've added you to the Hairy Eyeball list...
Attached Image
FUBAR...
  • #93,191
  • May 6, 2009 12:02pm May 6, 2009 12:02pm
This is what i have on my 1hr chart i see the head and shoulder pattern but i dont think the right shoulder is done forming ... dont know what will consider it a finished shoulder but my question is also where and how do i draw the neck line... i know it can slant up down or go straight across what is the difference of them and the meaning and do i have it right on this chart???
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 47 KB
  • #93,192
  • May 6, 2009 12:04pm May 6, 2009 12:04pm
Quoting ak4x
In any event, I've added you to the Hairy Eyeball list... Attachment

Shit just got real!!!
  • #93,193
  • May 6, 2009 12:05pm May 6, 2009 12:05pm
Quoting Atlast
Long term passengers would be well advised to take something off the table as it approaches 1.3359, then wait for a consolidation to add and carry the trade overnight
Hi Atlast

my Pending order SHORT @ 1.3369

what do you think ??
Never sell @ lower upward channel unless breacked and vise versa .
  • #93,194
  • May 6, 2009 12:06pm May 6, 2009 12:06pm
Quoting Bling
This is what i have on my 1hr chart i see the head and shoulder pattern but i dont think the right shoulder is done forming ... dont know what will consider it a finished shoulder but my question is also where and how do i draw the neck line... i know it can slant up down or go straight across what is the difference of them and the meaning and do i have it right on this chart???
You have been concentrating on the pattern so much that you failede to see the inverted that formed on the lower TF, which has run its full length for now. Forget about the pattern for a moment as all you need to know is contained in the 1 hour chart. It is over the 20ema
  • #93,195
  • May 6, 2009 12:07pm May 6, 2009 12:07pm
Quoting WedWed
Hi Atlast

my Pending order SHORT @ 1.3369

what do you think ??
Thats what i already have planned but im 1 pip above @ 70 but who cares about something so frivolous.... ha
  • #93,196
  • May 6, 2009 12:09pm May 6, 2009 12:09pm
Quoting WedWed
Hi Atlast

my Pending order SHORT @ 1.3369

what do you think ??
I wouldn't. You just missed the high probability scalp for 20 pips or more in my view. Go with your setup if you nknow the SL though
  • #93,197
  • May 6, 2009 12:10pm May 6, 2009 12:10pm
Quoting Atlast
You have been concentrating on the pattern so much that you failede to see the inverted that formed on the lower TF, which has run its full length for now. Forget about the pattern for a moment as all you need to know is contained in the 1 hour chart. It is over the 20ema
Can you show me in a chart and explain in detail what i missed still kind of learning .... also if you dont mind can you help on the H&S pattern i asked about
  • #93,198
  • May 6, 2009 12:15pm May 6, 2009 12:15pm
my eu long..have a nice day guyzz
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 21 KB
  • #93,199
  • May 6, 2009 12:19pm May 6, 2009 12:19pm
Please note that when I refer to long term passengerscarrying the trade overnight I don't mean those just looking for a longer move, I mean those who are trading using a longer term time frame of 1 hr or more. Long term passengers sit on comfortable seats and those seats cost money, meaning they use wider SL. You all know that of course. Just wanted to be clear in case any new traders have money on the line.
  • #93,200
  • May 6, 2009 12:19pm May 6, 2009 12:19pm
Quoting ShanFX
my eu long..have a nice day guyzz
would you be inclined to share your opinion and what you have marked on your chart and how you got it
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