Well.hopefully another chance now for you. Though I was more confident in my trade yesterday. (worked out for some nice pips from 8948 to 8807)
Today I don't really like PA so far at my "desired" resistance levels
... Seems some buyers joined in
Can't keep on watching my charts for too long now anymore.
Tomorrow I wake up stopped out (8915) or in some profits again.
- #17,542
- Feb 25, 2010 4:13pm Feb 25, 2010 4:13pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
MT4... (and my brain)
And it's no predictions... more like a trading plan where if something happens on a certain way, I'll do this or that, to see all (or almost all) possibilities that are on the ground and hopefully have a precise plan for each one of them should they occur...
It's no predictions because I always fail when I'm too strongly biased... and though I analyze long term, I mostly trade in shorter time spans.
Thanks!
BTW with NZD... Tricky data indeed...
5:15pm...
I downloaded the MT5 beta, just never find time to monkey with new platforms when I spend all of my time in a trade! I'll have to get around to it between trades and my wife yelling at me.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #17,545
- Feb 25, 2010 4:25pm Feb 25, 2010 4:25pm
U should know. LOL. It'll go down. 8890 won't break.
Seen so many crazy moves and PA before... But time will tell.
you let your TP still open?
"Blue Horseshoe loves Anacott Steel!"
- #17,546
- Feb 25, 2010 4:28pm Feb 25, 2010 4:28pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
All I know is.... that I don't know much
Seen so many crazy moves and PA before... But time will tell.
you let your TP still open?
- #17,547
- Feb 25, 2010 4:46pm Feb 25, 2010 4:46pm
- Joined May 2006 | Status: Still here. | 2,602 Posts
@ Saxon:
The wedge pattern is also present in the H4 TF.
I think we could be facing a potential macro-consolidation (sideways range 0.9404 - 0.8576 = 828 pips) on weekly tops.
The wedge pattern is also present in the H4 TF.
I think we could be facing a potential macro-consolidation (sideways range 0.9404 - 0.8576 = 828 pips) on weekly tops.
- #17,548
- Feb 25, 2010 4:55pm Feb 25, 2010 4:55pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
GU broke out of channel, AU will likely also (break .85)....
- #17,549
- Feb 25, 2010 4:57pm Feb 25, 2010 4:57pm
long-term .61, that doesn't mean i won't scale in and out on the way down
But I am always struggling with setting a "good" TP. I was willing to let last nights Shorts run for a while. Had my Target set to 86area. But closed at 88.
MT4 should offer a function to hide a trade out of the list.. so that don't see your profits melting (temporary)
I know.. all psychology.. But still new to this and need to learn a lot (techniques and psychology)
Happy Pippin !
"Blue Horseshoe loves Anacott Steel!"
- #17,550
- Feb 25, 2010 4:59pm Feb 25, 2010 4:59pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
ok. as your perspective a long way down.
But I am always struggling with setting a "good" TP. I was willing to let last nights Shorts run for a while. Had my Target set to 86area. But closed at 88.
MT4 should offer a function to hide a trade out of the list.. so that don't see your profits melting (temporary)
I know.. all psychology.. But still new to this and need to learn a lot (techniques and psychology)
Happy Pippin !
- #17,551
- Feb 25, 2010 5:03pm Feb 25, 2010 5:03pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #17,552
- Feb 25, 2010 5:11pm Feb 25, 2010 5:11pm
i dont like using TPs, (cause I either TP too early or too late) , i rather protect profits with well placed SL's....
So for example after a sgnificant new low followed by a retrace set you SL above that retrace-area?
Tried to work with trailing stops as well. Lookin what one swing's retrace usually is/was/"should be" and take this distance as traling stop...
but didn't really find the right way yet..
On my demo I just let them run
... Had a look into my demo account and found a short on eur/usd from December last year. niiiice in Profit 
"Blue Horseshoe loves Anacott Steel!"
- #17,554
- Feb 25, 2010 5:35pm Feb 25, 2010 5:35pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
eur/aud really like's the 50 area, like it went from 5050 then up, then found support at 5150, then up, now finding support again at 5250
- #17,556
- Feb 25, 2010 5:42pm Feb 25, 2010 5:42pm
eur/aud really like's the 50 area, like it went from 5050 then up, then found support at 5150, then up, now finding support again at 5250
I am long from 5160. Been ranging around that 5250 area for quite some time now. should find it's way again now --> UP Saved that one still at BE+1
"Blue Horseshoe loves Anacott Steel!"
- #17,557
- Feb 25, 2010 5:46pm Feb 25, 2010 5:46pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #17,558
- Feb 25, 2010 5:48pm Feb 25, 2010 5:48pm
- Joined Jul 2009 | Status: The Alchemist | 8,917 Posts
