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  • #110,581
  • Jun 15, 2009 1:35pm Jun 15, 2009 1:35pm
Quoting SpecialEd
I know this sounds far-fetched, but if that's a H&S forming on the Daily TF, we could get to 1.2885 in the coming days. Thoughts?
First of all it's difficult to have an opinion on the markets, i think. Just follow the money. Second, 1.2885 in the coming days would have to be some heavyweight drop. We're on 1.3780 at the moment, and looking at the charts.....it would take a while for that level to come into play...but what do I know. W_S1 at 1.3799 is still in play so it is a long way to 1.2885.

My charts obviously different from yours....but don't mind me...just trade what you see....
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  • #110,582
  • Jun 15, 2009 1:36pm Jun 15, 2009 1:36pm
mm..I would like to see this guys close below daily @ 1.3850 in order to me to hit 137-134-130 step by step profit...Look like if happen circle pink will be the price tomorow ~1.338/1.34...Last opinion from me before take a bed...

Good luck to all....and am still holding my short since last friday...see how tomorrow asian/russian session react..
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  • #110,583
  • Jun 15, 2009 1:36pm Jun 15, 2009 1:36pm
Quoting Atlast
Took several reversal longs today, some more risky than others, but paid off, got one loser. Hesitant to open any longs after weakness confirmed below 1.3800, as the writing was on the wall as it went below 1.3840. Recognising these were countertrades heps you stay focussed on exiting quickly if it doesn't work out. Now looking for signs that the move down is ready to retrace. I Think I just missed it, and risk is now too large for me to enter, but it will (EDIT: could) turn into a decent retrace.
Closed out my short much too early today. Only regret...

Back in profit here +10pips, on the average, EJ at Break even.

Definately a bad day for trying my Range / Chop system live LOL

But despite that, still up on the day, which is better than my last trading idea.

It's still WEAK AS though
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #110,584
  • Jun 15, 2009 1:39pm Jun 15, 2009 1:39pm
Quoting 4xlasso
First of all it's difficult to have an opinion on the markets, i think. Just follow the money. Second, 1.2885 in the coming days would have to be some heavyweight drop. We're on 1.3780 at the moment, and looking at the charts.....it would take a while for that level to come into play...but what do I know. W_S1 at 1.3799 is still in play so it is a long way to 1.2885.

My charts obviously different from yours....but don't mind me...just trade what you see....
I agree with both you and Atlast. I was just looking ahead. Usually, when I see shampoo forming on longer TFs, it eventually comes in. Not saying I have the guts to trade it, but gives me more confidence in my shorts - and fear of my longs.

Based on 10-day ADR of 250, we could see 1.2885 beginning of next week, but more likely by end of June.
Up or down, gimme a ticket
  • #110,585
  • Jun 15, 2009 1:43pm Jun 15, 2009 1:43pm
Quoting Turveyd
Daily, does look like a downtrend is forming, and historically IF it doesn't close off it's lows a fair bit it'll continue lower tomorrow.

Interesting!!!

Short term, all turning up, EJ starting to try to turn up!!

Dont get bully by tomorrow
  • #110,586
  • Edited 1:47pm Jun 15, 2009 1:46pm | Edited 1:47pm
Quoting Turveyd
Back in profit here +10pips, on the average, EJ at Break even.

Definately a bad day for trying my Range / Chop system live LOL

But despite that, still up on the day, which is better than my last trading idea.

It's still WEAK AS though
Well done. especially as you're using a range system. I always have a close look the day before to see potential for following day to turn into a trend day and didn't see anything from the charts to indicate the strong trend all day.
  • #110,587
  • Jun 15, 2009 1:50pm Jun 15, 2009 1:50pm
We may see a rise to 1.383 region later in the day or evening but thats about it there could be some extended stop hunts towards 1.388 but dont try to trade it you are going to get burnt. Longs would be only good if we can break and hold above 1.397 area other then that sell all rallies dont try to counter trade.
  • #110,588
  • Jun 15, 2009 2:03pm Jun 15, 2009 2:03pm
do any one have any indicator to show daily high and low,if yes please post it.

thanx in advance
  • #110,589
  • Jun 15, 2009 2:06pm Jun 15, 2009 2:06pm
Quoting Atlast
Well done. especially as you're using a range system. I always have a close look the day before to see potential for following day to turn into a trend day and didn't see anything from the charts to indicate the strong trend all day.

First trend day in ages ( I don't watch every day might of missed some ).

I could see it was a Downtrend day I guess, but hoped 1 of the lower range buys would behave like it normally does and move 50-60pips from lower to upper range, but not crossed the 200ema until just

A 60pipper at $2 per pip, woulda made my day
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #110,590
  • Jun 15, 2009 2:06pm Jun 15, 2009 2:06pm
Dude u dont need an indicator for that. Just pull up a candle chart and put your mouse on the daily candle of the day at 8pm EST. That will give u the daily high and low of the previous day
  • #110,591
  • Jun 15, 2009 2:08pm Jun 15, 2009 2:08pm
Quoting Turveyd
I find it really easy to hold a profitable trade into a loss hoping for more.

I think I have told you this now several times:

Greed Kills.

You know how to spot a winning situation in the PA now if you would limit your profit target to something reliably obtainable you would do better. Take those shorter profits and continuously bank them. When you start gaining the confidence that comes from banking winners 10, 15, 25 times in a row, then you won't have a problem increasing your position size, and then you won't have a problem watching your account grow dramatically.

Vinesh, I am sure, means well advising you that range trading and scalping don't work. You and I know, however, that this ain't true. You didn't ask me for advice but I read your posts which are regularly full of laments so I thought I might offer some...but for the last time.

Just remember: Greed Kills.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #110,592
  • Jun 15, 2009 2:10pm Jun 15, 2009 2:10pm
Quoting Alihuzaifa
do any one have any indicator to show daily high and low,if yes please post it.

thanx in advance
Maybe this will do it...
Attached File(s)
File Type: mq4 DailyData.mq4   8 KB | 285 downloads
Close your eyes when you feel you are going under.
  • #110,593
  • Jun 15, 2009 2:10pm Jun 15, 2009 2:10pm
Quoting vinesh2
Dude u dont need an indicator for that. Just pull up a candle chart and put your mouse on the daily candle of the day at 8pm EST. That will give u the daily high and low of the previous day
i know that dude...but thats not so convinient,i need some thing which can plot me a vertical line on my chart for daily high and low.

do we have some thing like that?
  • #110,594
  • Jun 15, 2009 2:14pm Jun 15, 2009 2:14pm
Quoting VinzZ
Maybe this will do it...
wow man thats really cool thanx a lot...

GOD bless you
  • #110,595
  • Jun 15, 2009 2:16pm Jun 15, 2009 2:16pm
Fool in the long run scalping does not work and the reason it does not work is for scalping you have to enter and exit market several times a day and you may winners but whats the point of entering a market several times a day and exposing yourself to potential whipsaws? But if thats your style then I wish all the best. In the long run though swing and trend trading is better as you dont get exposed to the market too many times and you keep your emotions on check. There is also less tendency to over trade and loose all you gained in one swoop. I guess choose what fits your style and personality.
  • #110,596
  • Jun 15, 2009 2:16pm Jun 15, 2009 2:16pm
Quoting Alihuzaifa
do any one have any indicator to show daily high and low,if yes please post it.

thanx in advance

You wish it was that easy, we all do LOL

Best I've got is a M15 chart, Envelope 96sma ( 24hours ), 1% the market stays within that range 95% of the time, today is a exception, theres been a few recently, sorry 95% has to do, it moves out side of and it's a TREND day
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #110,597
  • Jun 15, 2009 2:17pm Jun 15, 2009 2:17pm
Quoting Turveyd
First trend day in ages ( I don't watch every day might of missed some ).

I could see it was a Downtrend day I guess, but hoped 1 of the lower range buys would behave like it normally does and move 50-60pips from lower to upper range, but not crossed the 200ema until just

A 60pipper at $2 per pip, woulda made my day

Trading can be cruel like that sometimes and tomorrow is another day. Additionally, look on the bright side...I made an absolutely obscene number of pips...so I'm alright jack!
  • #110,598
  • Jun 15, 2009 2:19pm Jun 15, 2009 2:19pm
Quoting Turveyd
First trend day in ages ( I don't watch every day might of missed some ).

I could see it was a Downtrend day I guess, but hoped 1 of the lower range buys would behave like it normally does and move 50-60pips from lower to upper range, but not crossed the 200ema until just

A 60pipper at $2 per pip, woulda made my day
Every day brings one of those. I am looking at the current move and thinking this could turn into a 100 pip move. I want to see it get above 1.3800 first and see how it goes. The lateness of the day may mean I won't take it.
The fool has given not so foolish advice.
  • #110,599
  • Jun 15, 2009 2:21pm Jun 15, 2009 2:21pm
Quoting The Fool
I think I have told you this now several times:

Greed Kills.

You know how to spot a winning situation in the PA now if you would limit your profit target to something reliably obtainable you would do better. Take those shorter profits and continuously bank them. When you start gaining the confidence that comes from banking winners 10, 15, 25 times in a row, then you won't have a problem increasing your position size, and then you won't have a problem watching your account grow dramatically.

Vinesh, I am sure, means well advising you that range...
Fool I'm a Scalper.

Long term traders will never understand / except Scalpers and Vice Versa.

I've never seen a long term trader thats profitable on Forex atleast not 1 I'm 100% sure about, but I do know of a few good scalpers I'm pretty sure are making good money.

So unless Vinesh wants to backup his opinion with proving he's profitable, I'll keep my anti long term it's just gambling stance.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #110,600
  • Jun 15, 2009 2:21pm Jun 15, 2009 2:21pm
Quoting Alihuzaifa
wow man thats really cool thanx a lot...

GOD bless you
You're very wellcome, it took only 10 seconds of my day and I am blessed
Now I am off running a few miles as I did a short and shortly after market started to retrace, hopefully a small one
Close your eyes when you feel you are going under.
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