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  • #196,881
  • Feb 17, 2010 1:52am Feb 17, 2010 1:52am
good morning!

I am waiting for double bottom to create, do you think it will back down before going up up...!?
  • #196,882
  • Feb 17, 2010 1:52am Feb 17, 2010 1:52am
Quoting Purple_Heart
* Me stands behind Malcolm and shakes his finger like mother...*

"Bad forexlion... bad lion"
what bad

i closed +30 on the short as per my plan
  • #196,883
  • Feb 17, 2010 1:53am Feb 17, 2010 1:53am
Quoting malcolmb14
anyone in this sell if 15 min closes back above 1.3750 get the hell out this was a trap , or move stop to break even ASAP , I am going to on long
Big news for eur/usd is later in the day so chop chop shenanigans till then. Hope nobody got burnt.
Timing is everything
  • #196,884
  • Feb 17, 2010 1:53am Feb 17, 2010 1:53am
Quoting Clouds
I hope shorts didn't get shaken out , cause it's gonna go down now
I am sorry, what makes you think so...?
  • #196,885
  • Feb 17, 2010 1:54am Feb 17, 2010 1:54am
Quoting malcolmb14
no this is called a shake


Never ever buy break down of support 1st time...even if price rips down , always wait for a retrace / test of that prior support level , watch the volume , on the retrace look for a candle with a new on super low volume , this shows that buyers have run out of steam .

this was a classic shake out . I did say to watch for it. You just have to know what to look for
Hehe, this is the reason why every morning I wake up I first go search out all M's posts to see what he posted the night before...
Live happens 5 minutes at a time...
  • #196,886
  • Feb 17, 2010 1:54am Feb 17, 2010 1:54am
Any suggestions what to make of this mess ?
  • #196,887
  • Feb 17, 2010 1:55am Feb 17, 2010 1:55am
Quoting Clouds
I hope shorts didn't get shaken out , cause it's gonna go down now
Too close to London for me to think about this......I would like to have shorted at 3780, but I couldn't be here for the past couple of hours. Nothing gained, or more importantly, nothing lost!

Edit: I mean I couldn't ne 'online' for the past couple of hours!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #196,888
  • Feb 17, 2010 1:55am Feb 17, 2010 1:55am
Quoting malcolmb14
anyone in this sell if 15 min closes back above 1.3750 get the hell out this was a trap , or move stop to break even ASAP , I am going to on long
agree with malcom, hold longs.
"Hate the sin, love the sinner." - Gandhi
  • #196,889
  • Feb 17, 2010 1:56am Feb 17, 2010 1:56am
Quoting TheGabriel

G man

that eu and gu were easiest longs i have had in a while .....
Blogging daily now at www.volume.zone
  • #196,890
  • Feb 17, 2010 1:58am Feb 17, 2010 1:58am
Quoting malcolmb14
G man

that eu and gu were easiest longs i have had in a while .....
how high do you think this one will go...?
  • #196,891
  • Feb 17, 2010 2:01am Feb 17, 2010 2:01am
Quoting malcolmb14
G man

that eu and gu were easiest longs i have had in a while .....
Yes malc The eu was very easy to ride and i've also really enjoyed the fresh new (short-term for now) strength.

Gu finally out of that messy consolidation but it has been holding that 1.55 support very very well going counter fundamentals like euro also did, these strength signs can't be ignored now, hope we can get 1.59 soon on Gu.
"Hate the sin, love the sinner." - Gandhi
  • #196,892
  • Feb 17, 2010 2:02am Feb 17, 2010 2:02am
Quoting smokemachine
how high do you think this one will go...?

1.3800 to 1.3840 major resistance

above this could go to 1.3900 to 1.4000
Blogging daily now at www.volume.zone
  • #196,893
  • Feb 17, 2010 2:03am Feb 17, 2010 2:03am
Quoting smokemachine
I am sorry, what makes you think so...?
I'm using the FF contrarian indicator
  • #196,894
  • Feb 17, 2010 2:03am Feb 17, 2010 2:03am
Quoting realjumper
I've been watching this....ummm...PA, for the past 11 hours, off and on. I think youhave too? I made my mind ages ago that I wasnt going to get into this unless I see 3735 taken out convincingly.....mind you, my finger was hovering over the trigger for a moment there!
Oh yes, I did. Honestly, I would not have seen the shakeout coming, hadn't malc pointed to it.
  • #196,895
  • Feb 17, 2010 2:04am Feb 17, 2010 2:04am
Quoting forexlion
what bad

i closed +30 on the short as per my plan

Oh how everyone closes on profit and no one loses.........LOL!!!
  • #196,896
  • Feb 17, 2010 2:05am Feb 17, 2010 2:05am
Quoting AmeriTrini
Oh how everyone closes on profit and no one loses.........LOL!!!
this is a master traders' forum. didnt you know that?
  • #196,897
  • Feb 17, 2010 2:09am Feb 17, 2010 2:09am
Quoting Clouds
I'm using the FF contrarian indicator

just use 2 hour pivots .... much better


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Blogging daily now at www.volume.zone
  • #196,898
  • Feb 17, 2010 2:09am Feb 17, 2010 2:09am
Quoting Mr Hatch
Oh yes, I did. Honestly, I would not have seen the shakeout coming, hadn't malc pointed to it.
Yes, that was nice of him. I've been caught out by the shake out before. Once bitten.........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #196,899
  • Feb 17, 2010 2:09am Feb 17, 2010 2:09am
Quoting AmeriTrini
Oh how everyone closes on profit and no one loses.........LOL!!!

i am making up for last week .... had an awful week and trading was easy
Blogging daily now at www.volume.zone
  • #196,900
  • Feb 17, 2010 2:11am Feb 17, 2010 2:11am
be aware of going longs. Yesterdays breakout was happened while low volume. Today it can be a reversal. I stay away from the market till things will be clearer.
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