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  • #105,861
  • Jun 4, 2009 5:08am Jun 4, 2009 5:08am
Quoting forexer83
bears...oh yeahhhhh!!!
http://www.youtube.com/watch?v=8Q7FFjUpVLg
great song... from long time ago.....
  • #105,862
  • Jun 4, 2009 5:09am Jun 4, 2009 5:09am
Quoting Atlast
Now the selling pressure has come in 60 min TF chart.
No reason why it can't touch lower TL. Anyone else on this trip?
Can you imagine the adrenaline I am getting right now. Perfect entry with a scalping load.
  • #105,863
  • Jun 4, 2009 5:10am Jun 4, 2009 5:10am
last chance for this thing to pull back up to retest the 1.4250 level. if it breaks that lower trendline...im going to sleep..screw trichet and his blah blah announcement...my extra innings plan will be void anyways


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Different opinions highly valued, ignorant to slander.
  • #105,864
  • Jun 4, 2009 5:12am Jun 4, 2009 5:12am
becareful.. it seems it will rebound again from 1.4150-1.4160 area
to 1.4200 again..
  • #105,865
  • Jun 4, 2009 5:14am Jun 4, 2009 5:14am
Quoting realjumper
Yep, I have a ticket
At a price here, where it could pull back a bit. So lock in those profits, bro then ride rest all the way.
  • #105,866
  • Jun 4, 2009 5:15am Jun 4, 2009 5:15am
how far it will be...
its on 70 and pausing...
- Always pray on your trading - God know the best for everyone
  • #105,867
  • Jun 4, 2009 5:15am Jun 4, 2009 5:15am
ohhhh....yeahhhhh!
http://www.youtube.com/watch?v=8Q7FFjUpVLg

http://www.forexfactory.com/images/misc/progress.gif

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  • #105,868
  • Jun 4, 2009 5:16am Jun 4, 2009 5:16am
Quoting Atlast
At a price here, where it could pull back a bit. So lock in those profits, bro then ride rest all the way.
Sounds good....thanks
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,869
  • Jun 4, 2009 5:17am Jun 4, 2009 5:17am
if it break 1.4150: we'll see a battle at this level i think. may some stops gathered there & some buying interest @ dips. after 4150 - 4125 range, road is open till 4056 and 3969. but i think overall trend is still bullish.
  • #105,870
  • Jun 4, 2009 5:17am Jun 4, 2009 5:17am
Last time H&S on the H4 chart it dropped by 200 pips from the shoulder. 1.4040 area is my target at least about...
  • #105,871
  • Jun 4, 2009 5:18am Jun 4, 2009 5:18am
Quoting Atlast
Now the selling pressure has come in 60 min TF chart.
No reason why it can't touch lower TL. Anyone else on this trip?
Got stopped out at 4169 for -60 (very small lot). This has been moving down slowly for 2 hours. I got stuck with a signaled long from 4229. Certainly did not expect to stay in trade for that long. Think I need to work with smaller SLs on M30, but not sure. I typically use 50 but this time used 60 to hide below a qtr-pivot.

What does anyone else use for SL on M30? I know it will vary situation, but just curious.

Going back to bed until news passes - hmm, maybe I'll sleep ALL DAY. (-:
Up or down, gimme a ticket
  • #105,872
  • Jun 4, 2009 5:19am Jun 4, 2009 5:19am
1.4167...if move down go until 1.4130 at least.
  • #105,873
  • Edited 5:24am Jun 4, 2009 5:24am | Edited 5:24am
Quoting SpecialEd
Got stopped out at 4169 for -60 (very small lot). This has been moving down slowly for 2 hours. I got stuck with a signaled long from 4229. Certainly did not expect to stay in trade for that long. Think I need to work with smaller SLs on M30, but not sure. I typically use 50 but this time used 60 to hide below a qtr-pivot.

What does anyone else use for SL on M30? I know it will vary situation, but just curious.

Going back to bed until news passes - hmm, maybe I'll sleep ALL DAY. (-:
All part of the trading process, so long as it didn't hurt your bottom line. Don't tweak your system too much if overall it's profitable. I don't use 30 min TF.
Have a good rest.
  • #105,874
  • Jun 4, 2009 5:28am Jun 4, 2009 5:28am
Quoting forexer83
1.4167...if move down go until 1.4130 at least.
4153 now...4130 or more down?
- Always pray on your trading - God know the best for everyone
  • #105,875
  • Jun 4, 2009 5:29am Jun 4, 2009 5:29am
Back on the train at 4180
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,876
  • Jun 4, 2009 5:31am Jun 4, 2009 5:31am
Quote
as for technicals...possible h&s formation with right shoulder at 1.4250?...INTERESTING indeed...you can guess my bias for the day...it all rests on 1.4250

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it seems the right shoulder has already formed...uptrend from 1.4100 has already been broken to the downside and I did not have the balls or the brains to stick with any position i placed closed to the right shoulder. I guess ill have to be satisfied with my 140 pips scalped for the day and miss the rest of the ride. If 1.4100 gets broken..this h&s is going to probably complete with a target of 1.3950. Good pippin to the rest of you in the markets...Psiholog signing out....missing the trend I spotted early on...ah well...good night/day/afternoon all.


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Sidenote: be wary of trichet's speech....he can cause quite a bit of volatily..and unexpected pa
Different opinions highly valued, ignorant to slander.
  • #105,877
  • Jun 4, 2009 5:32am Jun 4, 2009 5:32am
Quoting realjumper
Back on the train at 4180
.....and off again at 4156
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105,878
  • Jun 4, 2009 5:33am Jun 4, 2009 5:33am
Quoting SpecialEd
What does anyone else use for SL on M30? I know it will vary situation, but just curious.
i never set stops by pips. i always look for some level, resistance or support area or previous retracements low + e few pips, pivot etc. cos this makes sense, other way not. why i set say 30 pips stop for my every trade.

on the other hand, stops can vary depending by traders style. if you are not scalping 5-15 pips but trying to catch days main move, at least 30 but ideally 50 pips stop will be good i think. in 30 min tf, you will see 1 or 2 real move daily. i prefer put my stops previous high / low...

edit: and i sometimes use standard deviation for stop setting. bb(11,1) for 1h tf. lower band + a few pips for longs...
  • #105,879
  • Jun 4, 2009 5:33am Jun 4, 2009 5:33am
Quoting realjumper
Back on the train at 4180
Very nice, Just missed it as was waiting for 10 pips higher.
  • #105,880
  • Jun 4, 2009 5:36am Jun 4, 2009 5:36am
Quoting fando
if it break 1.4150: we'll see a battle at this level i think. may some stops gathered there & some buying interest @ dips. after 4150 - 4125 range, road is open till 4056 and 3969. but i think overall trend is still bullish.
battle started.
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