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  • #113,641
  • Jun 23, 2009 10:49am Jun 23, 2009 10:49am
Quoting dbfusion
yeah I hope it wont be fake signal tomorrow if any

I am almost 100% sure if I shorted now i could make $$ in a scalp and because of this certainty I don't wanna short .
lol
  • #113,642
  • Jun 23, 2009 10:49am Jun 23, 2009 10:49am
Nice gator! unfortunatley I went in at a higher price so not sure green here. Went in at the break of 1.155 holding on lets see. Obama speaking at 12:30 it should move the market a little bit though real moves going to be after FOMC
  • #113,643
  • Jun 23, 2009 10:49am Jun 23, 2009 10:49am
Quoting vinesh2
price action is killin me today. Went against my rules not to trade on Mon-Tue and now feeling very uneasy. Have to stick to rules

lol - I've been strongly considering trading ONLY on monday/tuesday, despite what happened today...
  • #113,644
  • Jun 23, 2009 10:50am Jun 23, 2009 10:50am
Quoting dbfusion

I am almost 100% sure if I shorted now i could make $$ in a scalp and because of this certainty I don't wanna short .

That actually makes sense to me. But how are you going to feel if the price tanks and you're not onboard?
  • #113,645
  • Jun 23, 2009 10:50am Jun 23, 2009 10:50am
we seem to be forming a double top here....against my better judgement i picked up a short off these highs...lets see now
Different opinions highly valued, ignorant to slander.
  • #113,646
  • Jun 23, 2009 10:51am Jun 23, 2009 10:51am
Quoting notch
That actually makes sense to me. But how are you going to feel if the price tanks and you're not onboard?

He'll feel like I did the other day.
  • #113,647
  • Jun 23, 2009 10:54am Jun 23, 2009 10:54am
Quoting calderone
He'll feel like I did the other day.

And there's nothing worse than that feeling of the train speeding away (without you) with the knowledge that you felt strongly that it was due to leave at that precise point.
  • #113,648
  • Jun 23, 2009 10:54am Jun 23, 2009 10:54am
Quoting psiholog
we seem to be forming a double top here....against my better judgement i picked up a short off these highs...lets see now
I agree - just need price to confirm now - c'mon baby!!
  • #113,649
  • Jun 23, 2009 10:54am Jun 23, 2009 10:54am
Quoting notch
And there's nothing worse than that feeling of the train speeding away (without you) with the knowledge that you felt strongly that it was due to leave at that precise point.
Exactly, don't get caught doing nothing.
  • #113,650
  • Jun 23, 2009 10:54am Jun 23, 2009 10:54am
Quoting Xaron
Why not? I'm long as well. Same for Aussie, Gold and Silver. The days of the Dollar are over. Well, ok... Actually there will be some Dollar strength again but nevertheless this thread looks more like an intraday-long-short-long-short-thread. Too much action for my age.
True. But all depends on your entry. If your holding Gold since 650 then agreed. If holding from 900 then TP and return later.

I posted my thoughts on the subject in AK4x's thread.

http://www.forexfactory.com/showpost...&postcount=234

For example. I was holding some shorts from 1.42 and under. After 6 atempts on the hourly to break the Monthly PP I closed shorts and started to build long positions. All longs have been closed and I'm starting to build shorts.

PP are the key to good trades.
  • #113,651
  • Jun 23, 2009 10:54am Jun 23, 2009 10:54am
4038 or 4108 would be a good top..for shorts...its in the shorter deck..its not a number on my zone radar.. but using fibs a rejection of 4038 is still bearish..
those who can, do. those who cant, talk about those who can
  • #113,652
  • Jun 23, 2009 10:56am Jun 23, 2009 10:56am
Gosh why so many people here love to go against the trend and try to predict a reversal? Isn't it a much higher probability to just ride the trend?
  • #113,653
  • Jun 23, 2009 10:57am Jun 23, 2009 10:57am
Quoting notch
That actually makes sense to me. But how are you going to feel if the price tanks and you're not onboard?
I wont feel anything , I will stick to my rules. better safe than sorry

and do you see what i mean , I posted this when Price was 4025

and since then till now Price doesn't wanna go lower !!


the market is a B%%ch
I SEE YOU !!
  • #113,654
  • Jun 23, 2009 10:58am Jun 23, 2009 10:58am
Quoting Beacon
Gosh why so many people here love to go against the trend and try to predict a reversal? Isn't it a much higher probability to just ride the trend?
are you listening scalpers!! ;-)
  • #113,655
  • Jun 23, 2009 10:59am Jun 23, 2009 10:59am
Quoting dbfusion
I wont feel anything , I will stick to my rules. better safe than sorry

and do you see what i mean , I posted this when Price was 4025

and since then till now Price doesn't wanna go lower !!


the market is a B%%ch

Is the level of certainty that that you feel about a trade part of your rules?
  • #113,656
  • Jun 23, 2009 10:59am Jun 23, 2009 10:59am
Quoting vinesh2
Nice gator! unfortunatley I went in at a higher price so not sure green here. Went in at the break of 1.155 holding on lets see. Obama speaking at 12:30 it should move the market a little bit though real moves going to be after FOMC
i never had any luck trading with the trend without waiting for a pullback then letting trend resume... a bunch of money trying.. yes the trend is your friend but much more friendly on a pullback.. less risk more reward..
those who can, do. those who cant, talk about those who can
  • #113,657
  • Jun 23, 2009 10:59am Jun 23, 2009 10:59am
note the red channel.
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  • #113,658
  • Jun 23, 2009 11:00am Jun 23, 2009 11:00am
Quoting notch
Is the level of certainty that that you feel about a trade part of your rules?



nope . part of my frustration.
I SEE YOU !!
  • #113,659
  • Jun 23, 2009 11:02am Jun 23, 2009 11:02am
I have no idea what to make of these moves today
  • #113,660
  • Jun 23, 2009 11:02am Jun 23, 2009 11:02am
long again @ 4049
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