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EURUSD

  • #143,301
  • Sep 16, 2009 12:35pm Sep 16, 2009 12:35pm
Quoting plan-b
You don't need luck, its not going to hurt you either way

Maybe you could read a book or catch up on sleep
Thanks bro. Its easy when you are at BE but also frustrating when you get stopped out. However, in the long run this method of buying at the top and staying in trades have been very successful for me. Good luck to all.
You've got to be IN IT to WIN IT!
  • #143,302
  • Sep 16, 2009 12:37pm Sep 16, 2009 12:37pm
Is this a valid pitchfork, is it drawn correctly?

Attached Image (click to enlarge)
Click to Enlarge Name: pitchfork.jpg Size: 170 KB
Close your eyes when you feel you are going under.
  • #143,303
  • Sep 16, 2009 12:38pm Sep 16, 2009 12:38pm
Hammer time lol
GLuck all I'm letting this position run to wherever !Back to GJ and GU for me I have shorts on those for now from turn points
  • #143,304
  • Sep 16, 2009 12:41pm Sep 16, 2009 12:41pm
This is a psychological game played by big guys who keep the market up while everybody is awaiting a retrace. They want to induce as much traders as pos to go long at these levels and then ... you know what happens then.

So I'm telling you .. not a nice place to go long but if you go use tight stops ... Be careful
Discipline + Patience - Fear - Greed = Success
  • #143,305
  • Sep 16, 2009 12:44pm Sep 16, 2009 12:44pm
Oil and stocks flexing, but i still feel bulls are exhausted and are having to dig deep to stay in the game.


I don't follow indies much but anytime they have been this extended there is always at least 500 pips to the downside but of course no one knows how long the extension will last
Some drink at the fountain of knowledge. Others just gargle !
  • #143,306
  • Sep 16, 2009 12:46pm Sep 16, 2009 12:46pm
Quoting VinzZ
Is this a valid pitchfork, is it drawn correctly?

Attachment
perfect, ideally wait for the test of UTL, sell below the candle that tests it.
and draw one upsloping off the 2nd lower high from where you took the pivot and see what it gets you.
  • #143,307
  • Sep 16, 2009 12:47pm Sep 16, 2009 12:47pm
Quoting plan-b
Oil and stocks flexing, but i still feel bulls are exhausted and are having to dig deep to stay in the game.


I don't follow indies much but anytime they have been this extended there is always at least 500 pips to the downside but of course no one knows how long the extension will last
The big challenge is know when to SELL the top.... There almost no way to know when the top has been reached.... so, most traders will sell when a retrace has reached halfway
  • #143,308
  • Sep 16, 2009 12:52pm Sep 16, 2009 12:52pm
Quoting fc3s
i dont think eur/usd is going down much unless gold drops significantly
I'm finding crude is leading the direction. Gold is lagging behind as is everything else?
rat
  • #143,309
  • Sep 16, 2009 12:53pm Sep 16, 2009 12:53pm
Support on 5min ...
Attached Image (click to enlarge)
Click to Enlarge Name: image 1.png Size: 33 KB
"I will walk before they make me run" K.Richards
  • #143,310
  • Sep 16, 2009 12:55pm Sep 16, 2009 12:55pm
Quoting Ifty
Thanks bro. Its easy when you are at BE but also frustrating when you get stopped out. However, in the long run this method of buying at the top and staying in trades have been very successful for me. Good luck to all.
You meant to say selling at the top, right?
Some drink at the fountain of knowledge. Others just gargle !
  • #143,311
  • Sep 16, 2009 12:57pm Sep 16, 2009 12:57pm
Quoting Atlast
perfect, ideally wait for the test of UTL, sell below the candle that tests it.
and draw one upsloping off the 2nd lower high from where you took the pivot and see what it gets you.
Thanks Atlast for your comments, you are a very helpful trader. I have drawn a second upsloping pitchfork. They look both so steep that I can't imagine they will be valid to trade of more than once.
Close your eyes when you feel you are going under.
  • #143,312
  • Sep 16, 2009 1:00pm Sep 16, 2009 1:00pm
Quoting Jm4x
Support on 5min ...
Jm4x, donno why you post it you can simply draw a line that connects to wigs on the upper side and then you have a downwards resistance line... Oh wait! We have a triangle then
Close your eyes when you feel you are going under.
  • #143,313
  • Sep 16, 2009 1:00pm Sep 16, 2009 1:00pm
Quoting plan-b
You meant to say selling at the top, right?

I was thinking the same! I guess he meant "Selling " and not "Buying " at the top.
  • #143,314
  • Sep 16, 2009 1:11pm Sep 16, 2009 1:11pm
i like: over 1.47 for short to low 1.46
- within today, tomorrow
----- Dragonfly out in the sun you know what I mean, don't you know
  • #143,315
  • Sep 16, 2009 1:14pm Sep 16, 2009 1:14pm
Quoting VinzZ
Jm4x, donno why you post it you can simply draw a line that connects to wigs on the upper side and then you have a downwards resistance line... Oh wait! We have a triangle then
This line was the most important in short time, I think ... Maybe is it so much quiet simple?
"I will walk before they make me run" K.Richards
  • #143,316
  • Sep 16, 2009 1:19pm Sep 16, 2009 1:19pm
Quoting Jm4x
This line was the most important in short time, I think ... Maybe is it so much quiet simple?
I like simplicity, my few braincells need to handle it. But I really didn't figure out what was important. I would be more interesting with more details. No offense!
Close your eyes when you feel you are going under.
  • #143,317
  • Sep 16, 2009 1:19pm Sep 16, 2009 1:19pm
im building short expecting a reyracement at least to 1.4500 im not willing to loose this train NO WAYYYY
  • #143,318
  • Sep 16, 2009 1:19pm Sep 16, 2009 1:19pm
short at 1.4723 tp: 30 pips

1.4735 will be today's top i guess. and will go down to 1.4670 down max
  • #143,319
  • Sep 16, 2009 1:20pm Sep 16, 2009 1:20pm
Quoting sophiaphia
i like: over 1.47 for short to low 1.46
- within today, tomorrow
expecting it up to 1.4733 & up or break again below 1.4695 to try again UP for the last time today perhaps.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #143,320
  • Sep 16, 2009 1:21pm Sep 16, 2009 1:21pm
TOO much positive news lately! Do they want to cheer us up? Before taking our money?
Close your eyes when you feel you are going under.
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