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  • #162,141
  • Nov 16, 2009 4:15pm Nov 16, 2009 4:15pm
Quoting No Stress
Long now 3 lots at 1.4910 SL 1.4860 TP 1st level 1.5040.

Good trading fro all.
Quoting No Stress
Again 3 other lots long at 1.4886. SL 1.4860 TP 1st level 1.5040.

Thanks M. Bernanke.
Quoting No Stress
70 pips for those at 1.4886 + 45 pips for those at 1.4910.

345 pips up to now in 6 lots.

That's what i called good entry points lol.

Good trading for all.
Quoting No Stress
My charts said to me that no retrace before 1.5010/20 area. We'll see.
Quoting No Stress
Looks like retrace is working!

That was a good trading day. Hope that all of you made good pips. See you next London session. Have a good night everybody.

Good trading for all.
Excelium,

Up was my alerts and plan. 38.2% was almost the key of major retrace down to 50%. Your plan could be right, but why did you not buy at 38.2% from whole move from 1.4880 up 1.5014? 38.2% is 1.4962 area and not 1.4980. You should be in positive now! Buying at 38.2% with SL slightly less then 50% retrace is a good plan. Maybe your indicator are correct but YOU ARE MAKING MISTAKE WHEN YOU SAY, "I FEEL". Let charts indicate to you what to do, no feeling about bearish for dollar or other in Forex bro. Let out emotions and intuitions. Forex don't like that.
No Signal, No Trade. No fundamenals, No headache.
  • #162,142
  • Nov 16, 2009 4:19pm Nov 16, 2009 4:19pm
Quoting Exsilium
My 3 Long @ 1.4980 is struggling here at -14 pips... is it going back up or not..???
Don't worry, it'll come back...don't let it go, heck, scale into it if your that convinced.

Really? - forgive me for sounding cynical - No-one here can help you, take it up with the market; plz - for the love of money analyze your own motives and act accordingly it'll aid you in the long run. You shouldn't have to ask others when to hit the close/tp button
  • #162,143
  • Nov 16, 2009 4:20pm Nov 16, 2009 4:20pm
Quoting No Stress
Excelium,

Up was my alerts and plan. 38.2% was almost the key of major retrace down to 50%. Your plan could be right, but why did you not buy at 38.2% from whole move from 1.4880 up 1.514? 38.2% is 1.4962 area and not 1.4980. You should be in positive now! Buying at 38.2% with SL slightly less then 50% retrace is a good plan. Maybe your indicator are correct but YOU ARE MAKING MISTAKE WHEN YOU SAY, "I FEEL". Let charts indicate to you what to do, no feeling about bearish for dollar or other in Forex bro. Let out emotions and intuitions....
I think I made it to confusing.. I originally had 4 entry points, the last of which was at 14960 which was just under the 38.2. However, I had a 15 pip TS on it which got triggered shortly after and I didnt re-enter at that point ... out of fear honestly.

I had also started my dollar cost averaging at the 23.6 level which is why my average entry is 14980 (was 14975)

I dont understand what you mean when you say, "38.2% from whole move from 1.4880 up 1.514?" Its never hit 1.514 has it? Or are you talking extension and not retracement? Or was that a type and you meant 15014?
  • #162,144
  • Nov 16, 2009 4:43pm Nov 16, 2009 4:43pm
Can anybody tell me what they have for their Pivot point for today, mine is at 1.4954 and action forex has 1.4888.
  • #162,145
  • Nov 16, 2009 4:52pm Nov 16, 2009 4:52pm
Quoting lldocll
Can anybody tell me what they have for their Pivot point for today, mine is at 1.4954 and action forex has 1.4888.
i have 1.4957
hang on to your bread......unless you want toast
  • #162,146
  • Nov 16, 2009 4:54pm Nov 16, 2009 4:54pm
eh close enough
  • #162,147
  • Nov 16, 2009 5:02pm Nov 16, 2009 5:02pm
Quoting lldocll
Can anybody tell me what they have for their Pivot point for today, mine is at 1.4954 and action forex has 1.4888.
I think the calculation depends on your brokers time zone

GMT+1 has 1,4887 for Monday and 1,4953 for today
/ ... clarifying decisions ... /
  • #162,148
  • Nov 16, 2009 5:05pm Nov 16, 2009 5:05pm
pivots
  • #162,149
  • Nov 16, 2009 5:20pm Nov 16, 2009 5:20pm
Quoting The Fool
BB will say, "...strong dollar..." and E/U will drop 500 pips. You heard it here first.
Early Asian session and we are about where we were yesterday. S&P up ~1.5% but E/U still can not find a home above 1.5. Double top at 1.5020. Gold at $9,000/oz, no, wait, $11,000 now....How much USD weakness does the euro need to see?

I didn't expect BB to shake the earth & was joking about it pre-speech (see quote). Still I scalped some nice pips on the retrace & I hope many here got the whole enchilada.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #162,150
  • Nov 16, 2009 5:23pm Nov 16, 2009 5:23pm
Pivots are completely worthless people, step away from the pivots.

They also encourage top and bottom trading which is generally suicide give them up!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #162,151
  • Nov 16, 2009 5:23pm Nov 16, 2009 5:23pm
While I understand most of you dont care much for the M5, its breaking out of its shell @ 14978 as I write this, which means Im now at a BE point. Now I just want it to break out of these tightening H1 bands someone mentioned earlier and I can continue my cheer from the previous 24 hours of gains.
  • #162,152
  • Nov 16, 2009 5:28pm Nov 16, 2009 5:28pm
Boom! There it goes, reaching for the moon.
  • #162,153
  • Nov 16, 2009 5:31pm Nov 16, 2009 5:31pm
Quoting stevefx
Its going back up but its the end of the day what do you want?...
It just touched the top band @ 149859. So according to your post, a breakthrough = bullish signal?
  • #162,154
  • Nov 16, 2009 5:40pm Nov 16, 2009 5:40pm
Quoting Turveyd
Pivots are completely worthless people, step away from the pivots.

They also encourage top and bottom trading which is generally suicide give them up!!
You may not be comfortable with them , but stating that there are " completely worthless" is wrong,, there is no such a thing as completely worthy in trading methodology.. it's all depend on the trader's level of skill and experience when using any kind of methodology which that he's familiar with.IMO
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #162,155
  • Nov 16, 2009 5:52pm Nov 16, 2009 5:52pm
Quoting vulture
You may not be comfortable with them , but stating that there are " completely worthless" is wrong,, there is no such a thing as completely worthy in trading methodology.. it's all depend on the trader's level of skill and experience when using any kind of methodology which that he's familiar with.IMO

I'm talking entirely maths statistically wise, the chances of a pivot point holding and creating a market reverse are sub 30% and the use of creates counter trend trades so 70% BAD Losers.

Look at yesterdays chart and pivots or a few weeks worth yes you'll see 1 or 2 times where it's got lucky and kinda worked but for every 1 of those you'll see 2x's+ where they just weren't relevant at all.

It's all about Direction!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #162,156
  • Nov 16, 2009 5:58pm Nov 16, 2009 5:58pm
Quoting Exsilium
It just touched the top band @ 149859. So according to your post, a breakthrough = bullish signal?
I think you're referring to my comment about the narrowness of the BB's on the 1h? If so, its just a general thing- usually when they constrict that tightly its a signal for upcoming volatility. Price moving a little above or below one way or another doesn't mean that much in itself. The reason for my long is really due to the underlying support structure, which is solid. Tight bands means maybe it will pop the top(the established high), maybe not...
  • #162,157
  • Nov 16, 2009 6:07pm Nov 16, 2009 6:07pm
Quoting toshi
That is so amazing !

I make the same noise as that turtle every time I hump a shoe.

Thanks for sharing, Larseg. That was very thoughtful.

Also, for anyone laughing at this poor turtle humping a shoe and thinking it was another turtle,
think back for a moment at some of the creatures you've had intercourse with and thought
you were doing fine at the time....not so funny now, is it ???

Hey, you know what ? MAYBE he KNEW it was a tennis sneaker and fucked it anyway !

Freaky turtle !

Hehe, T

That quote goes straight up my alley


I am speechless moremore

creatures.. hehe.. OMG
  • #162,158
  • Nov 16, 2009 6:12pm Nov 16, 2009 6:12pm
Quoting stevefx
I think you're referring to my comment about the narrowness of the BB's on the 1h? If so, its just a general thing- usually when they constrict that tightly its a signal for upcoming volatility. Price moving a little above or below one way or another doesn't mean that much in itself. The reason for my long is really due to the underlying support structure, which is solid. Tight bands means maybe it will pop the top(the established high), maybe not...
Hi steve,

Where have you been man? How is everything?
The Thief of Wall Street
  • #162,159
  • Nov 16, 2009 6:16pm Nov 16, 2009 6:16pm
Quoting stevefx
I think you're referring to my comment about the narrowness of the BB's on the 1h? If so, its just a general thing- usually when they constrict that tightly its a signal for upcoming volatility. Price moving a little above or below one way or another doesn't mean that much in itself. The reason for my long is really due to the underlying support structure, which is solid. Tight bands means maybe it will pop the top(the established high), maybe not...
I already took profit at 4992. Going long up here is a little tricky. What I'm going to watch now is the 4hr. If it breaks the upper BB on the 4hr then retraces about 30 pips to 1.5010 or so I might go long again. If it misses the top BB on the 4hr and starts to come down I'll go short or stay out.
  • #162,160
  • Nov 16, 2009 6:17pm Nov 16, 2009 6:17pm
Either Im just lucky, or...

My second set of trades 3 lots with an average entry of 14980 is up for a total 20 pips at this writing with a high of 30 pips. SL are BE on the two lower entries and 35 pip TS on all. I will move the SL to BE on the highest entry at 15005.

That puts me a solid 200+ pips this week already.

Beginners luck?
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