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  • #131,501
  • Aug 14, 2009 5:04am Aug 14, 2009 5:04am
Look at this one.. I added the fib, see pa at 61.8.

I expect a breakout soon.

Dazzer
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  • #131,502
  • Aug 14, 2009 5:04am Aug 14, 2009 5:04am
From here on pivot point becomes the clue to orders, below 1.4269 and down it goes. Let's see.
P.S. and buy above 1.4285 for initial TP double top
  • #131,503
  • Aug 14, 2009 5:05am Aug 14, 2009 5:05am
Quoting Chicky
If your analysis gives you a price ceiling (mark) for gradual entries and a TP (either price or profit) then it is safer to use this method. But normally reward does not match the risk in longer term, especially when PA suddenly jumps in one direction with no apparent reason. I lost an account when pa once moved 600 pips in one direction (1.3000 to 1.2400) against my bias, adding positions on every 100 pip down. Then broker increased spread at one point when I was hanging in balance with carefully calculated margin on normal spread. Wiped me out...

Are you still playing that way?
I haven't been keeping up lately so I'm not sure whats in your trade journal, but I bet it has nothing to do with scalping

Just thought I'd give my point of view. Nothing fancy with a simple plan (when the trend is up buy pullbacks--when the trend is down sell pullbacks)

Good luck buddy.
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  • #131,504
  • Aug 14, 2009 5:06am Aug 14, 2009 5:06am
Quoting stevefx
Wall street raiders. Big boys picking on medium and small boys-ran it right up into a huge cluster of stops-they knew what they were doing.
If my memory is good, it should go there once again plus below that . Let's see if history repeats itself again this time. If it is going to happen, should happen today before NY close. Last time it occured 2 hours before NY close. And one hour before NY close, it came back where it was two hours ago.
The Thief of Wall Street
  • #131,505
  • Aug 14, 2009 5:10am Aug 14, 2009 5:10am
I still stick with my old sells..first one at 1.4160 and second one is at 1.4225..according to me today range of euro is 1.4200-1.4315..if it goes below 1.4220 i exit my half of the trade and remaining half i hedged..coz it still have a chance to goes upto 1.4375 hopefully at monday..in next 2-3 days we will see 1.4100 again...just my opinion

Good luck to all....
  • #131,506
  • Aug 14, 2009 5:11am Aug 14, 2009 5:11am
Quoting Atlast
From here on pivot point becomes the clue to orders, below 1.4269 and down it goes. Let's see.
Yep, I've been watching that all day....as well as the weekly pivot just below. The PA has made a couple of good efforts at breaking free today, but it just retraces from 4252. So I will need to see something with a bit more power before I'll consider a short in that area.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #131,507
  • Aug 14, 2009 5:13am Aug 14, 2009 5:13am
Quoting Chicky
If my memory is good, it should go there once again plus below that . Let's see if history repeats itself again this time. If it is going to happen, should happen today before NY close. Last time it occured 2 hours before NY close. And one hour before NY close, it came back where it was two hours ago.
I agree with the first part, but not with your time table neccessarily. Those guys aren't down protecting 4250 for nothing. They want to delay a sell for their own reasons. I'd look to Asian session early monday or US session later.
  • #131,508
  • Aug 14, 2009 5:16am Aug 14, 2009 5:16am
Aug. 14 (Bloomberg) -- China’s benchmark stock index fell to the lowest in more than six weeks, completing the worst week since February, on concern this year’s rally has overvalued the prospects for earnings growth......

Bla..bla..bla...how we can relate news like this with EU? I don't see it is helping me at all especially in my trading decision.
  • #131,509
  • Aug 14, 2009 5:17am Aug 14, 2009 5:17am
Quoting realjumper
Yep, I've been watching that all day....as well as the weekly pivot just below. The PA has made a couple of good efforts at breaking free today, but it just retraces from 4252. So I will need to see something with a bit more power before I'll consider a short in that area.....
It will coincide with a trendline break so on this occasion it should follow through.
  • #131,510
  • Aug 14, 2009 5:49am Aug 14, 2009 5:49am
Quoting VinzZ
Thanks a million.

No worries mate

tip, use with cautiousness...
  • #131,511
  • Aug 14, 2009 5:58am Aug 14, 2009 5:58am
.
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  • #131,512
  • Aug 14, 2009 5:59am Aug 14, 2009 5:59am
Quoting moosley
and buy'n € trg 4250
1.427 i'm out in gain.
  • #131,513
  • Aug 14, 2009 6:04am Aug 14, 2009 6:04am
I'm not back in till I get a clear picture.Or signal from the way I trade.This gonna be zzzzzzzzzz till Us news so maybe I'll be back maybe not.It is Friday and For just a nano second it may have been Fri the 13 th.Good luck and may the pips be with you
  • #131,514
  • Aug 14, 2009 6:09am Aug 14, 2009 6:09am
12.00 lunchtime move. predictable.
  • #131,515
  • Aug 14, 2009 6:13am Aug 14, 2009 6:13am
Quoting Atlast
12.00 lunchtime move. predictable.

In what country?
And why wouldn't this be pre-trading for the New York open?
  • #131,516
  • Aug 14, 2009 6:17am Aug 14, 2009 6:17am
Quoting knuckledrag
In what country?
And why wouldn't this be pre-trading for the New York open?
seen it happen so often. Target 1.4303
  • #131,517
  • Aug 14, 2009 6:18am Aug 14, 2009 6:18am
Pls Chicky, what is this PA you guys are always talking about. How is it used?
A missed Money is better than a lost Money
  • #131,518
  • Aug 14, 2009 6:18am Aug 14, 2009 6:18am
good... we have a movement... just not in the direction i thought...
  • #131,519
  • Aug 14, 2009 6:20am Aug 14, 2009 6:20am
Quoting Alihuzaifa
.
http://icanhascheezburger.files.word...-are-bored.jpg
  • #131,520
  • Aug 14, 2009 6:23am Aug 14, 2009 6:23am
i miss my friend notch.i donno why he left this forum
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