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  • #112,201
  • Jun 18, 2009 3:35pm Jun 18, 2009 3:35pm

Congratulations, Egypt won the match against Italy




  • #112,202
  • Jun 18, 2009 3:37pm Jun 18, 2009 3:37pm
Quoting vinesh2
IMARICH1 1st of all on what basis did you take the long? Seondly, how come you did't have any SL's? Are you even looking at longer time frames? 1.400 area is critical resistance level so unless you have a daily candle close above its pointless to go long. I have been telling you guys over and over again look at longer time frames that will give you the overall trend! stay with the trend stay with trend!!!!!
Vinesh2,

I am not trying to be sarcastic, but what trend are you talking about? You can find any trend you like, up, down, or sideways, depending upon which time frame you use. And then there are smaller countertrends within eachtime frame. When you say stay with the trend, it would be helpful for others to know which trend you are talking about and from what time frame perspective. It would also be helpful to know how many bars you consider necessary for a trend to be in place.
  • #112,203
  • Jun 18, 2009 3:38pm Jun 18, 2009 3:38pm
Quoting V_STrader
Yes it is truth.... I know this broker.. and analyst to this companies
Trying to break the 1.4000 barrier....all morning? BS! They kept working the price up and down as they encouraged retailers to go long and they went short....they need people to go long in order to be able themselves to go short! They had NO INTENTION OF TRYING TO BREAK THE 1.4000 BARRIER! They just intended to get short, at as high a price as possible without upsetting the applecart, in preparation for the late afternoon run down!
  • #112,204
  • Jun 18, 2009 3:41pm Jun 18, 2009 3:41pm
IMARICH1, we all mistakes and trust me I have made so many that i can fill up a room. Point is you learn from it. Stick to your plan that is if you have one. I went against my rule on Tuesday and it cost me some pips and unnecessary frustration. You should have a game plan and a strategy and stick to it. Even if you are scalper. When you changed the limit on TP that tells me you got greedy which is normal. It takes discipline. As far as the current price on EU is concerned it seems like it could go either way and plus we only have one more day of trading left so its very possible that they might visit lows but then again its not clear on my charts. Then again don't listen to me dude. Look at your charts
  • #112,205
  • Jun 18, 2009 3:42pm Jun 18, 2009 3:42pm
4h chart .. nothing spectacular.. except it was drawn off an older chart.. all data was taken from before nov. 2000 (excluding candles) .. not getting into what day euro was born.. but platorm furnishes info so ill use it.
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those who can, do. those who cant, talk about those who can
  • #112,206
  • Jun 18, 2009 3:45pm Jun 18, 2009 3:45pm
FX-Petrai am talking about trends in general. I mostly trade longer time frame 4hr and up. I don't count bars. On my previous posts i have posted a general way I trade.
  • #112,207
  • Jun 18, 2009 3:46pm Jun 18, 2009 3:46pm
IMarichi1 have a look at this.
The way I analyse is to look at the direction of the pitchfork. It is pointing up, and the recent move up has produced higher highs and higher lows.
Until we break below the lower trendline I consider the market is going up and that is the direction where I place most of my trades. The shaded region is the zone to watch.
At this pont in time the market is falling off but on lighter volume which suggests no real selling pressure, yet.
Probabilities are for at least a good retrace if it makes it lower.
Attached Image
  • #112,208
  • Jun 18, 2009 3:52pm Jun 18, 2009 3:52pm
Atlast

The Pitchfork you posted last night didnt work out though did it!
Something I noticed...
rat
  • #112,209
  • Jun 18, 2009 3:56pm Jun 18, 2009 3:56pm
Quoting rattyo
Atlast

The Pitchfork you posted last night didnt work out though did it!
Something I noticed...
brains and looks.. you are dangerous..
those who can, do. those who cant, talk about those who can
  • #112,210
  • Jun 18, 2009 4:00pm Jun 18, 2009 4:00pm
Thanks Atlast and vinesh2 for your help....

I can take criticism...

This is why I looked for a LONG to 4050....but was going to close it if it failed at the 4015 DAILY TF 20 MA.......

Got caught in the drop....

How do you measure LOW volume...I was always told that you can;t rely on your charts to give you correct volume on PA....

So I guess I will hold to 3850....it is trying to challenge the PIVOT now.....if it breaks the 3910/15 area then that would be a good sign for a longer retracement or reversal IMO....

Thanks again!
  • #112,211
  • Jun 18, 2009 4:01pm Jun 18, 2009 4:01pm
Quoting rattyo
Atlast

The Pitchfork you posted last night didnt work out though did it!
Something I noticed...
Which one?
  • #112,212
  • Jun 18, 2009 4:04pm Jun 18, 2009 4:04pm
Quoting rattyo
Atlast

The Pitchfork you posted last night didnt work out though did it!
Something I noticed...
If it's the 60 min chart at about 9.00pm it worked just fine.
  • #112,213
  • Jun 18, 2009 4:10pm Jun 18, 2009 4:10pm
Quoting IMARICH1

So I guess I will hold to 3850....it is trying to challenge the PIVOT now.....if it breaks the 3910/15 area then that would be a good sign for a longer retracement or reversal IMO....

Thanks again!
Frankly, if it breaks the pivot and stays above I would be looking for it to get back above 1.3940. If I am watching this later I may even take a short there.
In other words, if it gets there that would be a good place to lighten your load.
  • #112,214
  • Jun 18, 2009 4:13pm Jun 18, 2009 4:13pm
Quoting Atlast
If it's the 60 min chart at about 9.00pm it worked just fine.
The 1hr one last night. It worked fine?
rat
  • #112,215
  • Jun 18, 2009 4:14pm Jun 18, 2009 4:14pm
Hi,
IŽd like to know how are the spreads you guys are seeing at your broker, I am getting up to 4 pips in Asian Market at IBFX, which is an absurd.

Bests Rgds,
Ed
  • #112,216
  • Jun 18, 2009 4:15pm Jun 18, 2009 4:15pm
its time to up up
  • #112,217
  • Jun 18, 2009 4:18pm Jun 18, 2009 4:18pm
I like to think I am contrarian when necessary, but with the mixed messages, rumors of 168Billion in US treasuries being smuggled and Korean ship smugling weapons...how can I make an educated guess here?

My shorts got stopped out and now we sit below my previous entry and I want to short again. Not sure how much more I can take.
  • #112,218
  • Jun 18, 2009 4:20pm Jun 18, 2009 4:20pm
Quoting TIckerShuffl
I like to think I am contrarian when necessary, but with the mixed messages, rumors of 168Billion in US treasuries being smuggled and Korean ship smugling weapons...how can I make an educated guess here?

My shorts got stopped out and now we sit below my previous entry and I want to short again. Not sure how much more I can take.
Take a day off. Come back fresh.
  • #112,219
  • Jun 18, 2009 4:20pm Jun 18, 2009 4:20pm
Quoting gatorinla
brains and looks.. you are dangerous..
rattyo & gator,
sittin in a tree
k-i-s-s-i-n-g.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #112,220
  • Jun 18, 2009 4:21pm Jun 18, 2009 4:21pm
Euro is getting really close to choosing a direction. We've had 3 lower highs signaling bears are in charge for the month of June thus far.

1.4325 was the last harmonic line and could take some time to break. When it does we'll see a retest of 1.6.

For now if 1.3700 is broken then we could see a fairly quick retest of 1.30-1.33.

Note that 1.3750 is 38.2% retracement zone from April - June bull move.

Hope this info clears up direction for any of you.
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