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EURUSD

  • #112,121
  • Jun 18, 2009 11:29am Jun 18, 2009 11:29am
Quoting IMARICH1
What is your Number for the Daily pivot?
Pivot is 1.3909 on my chart
  • #112,122
  • Jun 18, 2009 11:31am Jun 18, 2009 11:31am
if your wondering why we stopped where we did...we just tapped the lower wall of the current uptrend on the hourly charts. Tried to break but pa quickly retreated. Curious how this hourly candle will end

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Different opinions highly valued, ignorant to slander.
  • #112,123
  • Jun 18, 2009 11:31am Jun 18, 2009 11:31am
Quoting traderathome
EU M30: Not sure it is going up. Double Top "M"? At significant SR area? And look at the high relative volume at the top (red bar)...! May be just a pump to dump move, which the asian traders are good at.
Yesterday a pump. Overnight jockeying for shorts at the highs. Today's dump.....yesterday afternoon in reverse!

Edit: Also see post #111755 on page 7451, where the TLs were first posted. http://www.forexfactory.com/showpost...stcount=111755
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  • #112,124
  • Jun 18, 2009 11:31am Jun 18, 2009 11:31am
Theres a trendline there at 13885. Thats why I closed 75% of the short. It may drop through we will see...My bet is it will trickle up to 13921 daily pivot or just below...I hope it drops through here but it came a little too far too quick.

You can see the trendline on the chart above!
rat
  • #112,125
  • Jun 18, 2009 11:32am Jun 18, 2009 11:32am
Quoting F.x.
I'm back on the sidelines waiting for a good setup. I would not go long when momentum is down.
Thanks F.X, Im going to watch and practice being patient....
  • #112,126
  • Jun 18, 2009 11:34am Jun 18, 2009 11:34am
Quoting notch
I'm dizzy!
Surprised you were not already short.
  • #112,127
  • Jun 18, 2009 11:34am Jun 18, 2009 11:34am
Quoting psiholog
if your wondering why we stopped where we did...we just tapped the lower wall of the current uptrend on the hourly charts. Tried to break but pa quickly retreated. Curious how this hourly candle will end

Attachment
Nice to see you around
  • #112,128
  • Edited 11:38am Jun 18, 2009 11:36am | Edited 11:38am
This is interesting:
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TSI is going to cross the zero-line, what will bring us in a downtrend (in smaller TF)
Close your eyes when you feel you are going under.
  • #112,129
  • Jun 18, 2009 11:38am Jun 18, 2009 11:38am
Quoting imohammed
Thanks F.X, Im going to watch and practice being patient....
That's what separates the winners from the losers. Your patience will pay off, my young padawan learner.

  • #112,130
  • Jun 18, 2009 11:40am Jun 18, 2009 11:40am
Quoting traderathome
Yesterday a pump. Overnight jockeying for shorts at the highs. Today's dump.....yesterday afternoon in reverse!
So....another pump tomorrow...?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #112,131
  • Jun 18, 2009 11:41am Jun 18, 2009 11:41am
Quoting VinzZ
Are you encouraging yourself, or is it calculated. If yes, can you tell us why?
Nothing has changed!
  • #112,132
  • Jun 18, 2009 11:41am Jun 18, 2009 11:41am
Quoting F.x.
That's what separates the winners from the losers. Your patience will pay off, my young padawan learner.

A padawan learner I am! only 5 weeks of experience and counting!
  • #112,133
  • Jun 18, 2009 11:41am Jun 18, 2009 11:41am
Closed my reverse long at 1.3903. No point pushing for extra 6 pips.
  • #112,134
  • Jun 18, 2009 11:42am Jun 18, 2009 11:42am
That could have been a classic stop hunt in a low volume market. That move was done to take out higher level longs people who longed at the break of 1.395 area. Price is going to consolidate here for a few hours to test patience. Shake shake shake!
  • #112,135
  • Jun 18, 2009 11:43am Jun 18, 2009 11:43am
Quoting TheLastCoke
What happend with the 700 pip drop expectation?
My best trade: Short 1.4330 TP 1.3790.

Now new shorts at 1.3973/1.3999.

It's dropping like my range was telling me, but I was waiting to see at least 1.4011 to add my big shorts, damn miss again by 11 pips.
  • #112,136
  • Jun 18, 2009 11:45am Jun 18, 2009 11:45am
Seems a fake move to me too. I was stopped out at BE on OIL. I hope the sh!t will rott in their phucking tankers!
  • #112,137
  • Jun 18, 2009 11:47am Jun 18, 2009 11:47am
Quoting The Fool
So....another pump tomorrow...?
Who knows? At this time, I don't. After a big, quick move I'd sit back, let the dust settle, and periodically check in and see what there is to see. I like range breaking moves, and right now, at the end of this range breaking move, we have no new range. That will take time. And as the next range develops, the PA within the new range may give clues as to the most likely break direction. If not, then I must be there when it happens and be ready to trade it. http://www.forexfactory.com/showpost...ostcount=11540
  • #112,138
  • Jun 18, 2009 11:50am Jun 18, 2009 11:50am
Pivot attack coming. This will tell if the real money is on the trip south
  • #112,139
  • Jun 18, 2009 11:51am Jun 18, 2009 11:51am
Quoting imohammed
A padawan learner I am! only 5 weeks of experience and counting!

Welcome aboard!

A couple things I wish I knew from the beginning...

1. Never make a trade going against the direction of price.

2. Never play the lower timeframes. (know always what's happening on the hourly and daily.)

3. Always remember, you can never lose money if you have no open positions. People always think that more work is better so they always open lots of positions all the time. It's normal to think that, but this is the one business where the opposite is true. Try taking one trade per day or every one per week.

Good luck!
  • #112,140
  • Jun 18, 2009 11:52am Jun 18, 2009 11:52am
Quoting traderathome
Who knows? At this time, I don't. After a big, quick move I'd sit back, let the dust settle, and periodically check in and see what there is to see. I like range breaking moves, and right now, at the end of this range breaking move, we have no new range. That will take time. And as the next range develops, the PA within the new range may give clues as to the most likely break direction. If not, then I must be there when it happens and be ready to trade it. http://www.forexfactory.com/showpost...ostcount=11540
If Big Dog needs a 100 pip drop, who can stop him? I went long from .3875 with enough to rescue my stranded long at .3975.
"If The Fool persists in his Folly he will become wise." - William Blake
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