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  • #205,701
  • Mar 3, 2010 8:48am Mar 3, 2010 8:48am
days like this... instead of fousing on large tf, i was down on entering and closing my positions on 15m or 5 m charts,,, of course. boring and no positive effect. happens to me sometimes to get caught in this game with the same predictible results (bad)
bad to the basics. looking at larger tf... i m rather long based on 1h and 4 h ,,,
Andreyou
  • #205,702
  • Mar 3, 2010 8:50am Mar 3, 2010 8:50am
OUTLOOK/OPINION: From Credit Suisse - "Bigger picture, our main theme
remains 'don't short the G3 recovery.' We are looking for risk appetite
to stabilize and rebound in coming months. At the same time, this week's
Chinese PMI data confirm our view that growth momentum there is set to
slow from extremely high to more sustainable levels. That is more
bullish than bearish for risk appetite, in our view, as concerns
about more drastic tightening fade."

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #205,703
  • Mar 3, 2010 8:50am Mar 3, 2010 8:50am
with all the pre news reports saying that ... ism WILL BE GOOD....i hope it is....
pa is going up for it to drop when the news arrives
  • #205,704
  • Mar 3, 2010 8:51am Mar 3, 2010 8:51am
Quoting $maker
a little birdy tells me this hour candle close could be decisive!
It looks promising, if it will break 0 or 23.6 i'm in. Till then only scalping with small lots
  • #205,705
  • Mar 3, 2010 8:53am Mar 3, 2010 8:53am
Quoting $maker
with all the pre news reports saying that ... ism WILL BE GOOD....i hope it is....
pa is going up for it to drop when the news arrives
but how funny would it be if the numbers are bad everyone would be caught with their pants down
Trade on your own risk Plan your trade&trade your plan dont be a
  • #205,706
  • Mar 3, 2010 8:54am Mar 3, 2010 8:54am
Looking at 5M and 15M charts ,buyers are obviously exhausted! This means an excessive draw down! ,especially if the news is better than expected!
  • #205,707
  • Mar 3, 2010 8:56am Mar 3, 2010 8:56am
This PA has been tough in my opinion. Lots of good evidence to support a LONG and SHORT.....Tech and Fundies can sway you either way.....

One of my trader friends who reads the market well posted this today. See if it helps you on direction if you are like me and are on the fence on this one.

http://www.algforex.com/images/stories/videos/0303_1_.wmv

Again, the market may be looking for a squeeze here or a accumulation for a bigger move. I am not convinced the Short season is over. My bias is SHort EU and LONG CHF.
  • #205,708
  • Mar 3, 2010 8:56am Mar 3, 2010 8:56am
Quoting Trading Cat
but how funny would it be if the numbers are bad everyone would be caught with their pants down

Id have my crap in my pants too then
  • #205,709
  • Mar 3, 2010 8:57am Mar 3, 2010 8:57am
eu in a strong bear mode now, i've open buy 1.3648, aiming for 1.3787 ...

1.3682 is the point of no return ... if the price reach this point, it will never look back

Crossing my fingers now
  • #205,710
  • Mar 3, 2010 8:58am Mar 3, 2010 8:58am
I smoke and wait my last minutes...I hope the US will not fuck my day at all...
" Accepting losses is the most important single investment devise "
  • #205,711
  • Mar 3, 2010 8:58am Mar 3, 2010 8:58am
Quoting Trading Cat
but how funny would it be if the numbers are bad everyone would be caught with their pants down
Not Everyone Still Haven't made any trade today
Trade What You See and Not What You Think
  • #205,712
  • Mar 3, 2010 8:58am Mar 3, 2010 8:58am
Quoting $maker
with all the pre news reports saying that ... ism WILL BE GOOD....i hope it is....
pa is going up for it to drop when the news arrives
Rumors says 53 for ISM...that's why everything shot up
COT: The precious data ignored
  • #205,713
  • Mar 3, 2010 8:58am Mar 3, 2010 8:58am
Quoting $maker
Id have my crap in my pants too then
hahahhaha we will see in 3min if you have to change pants or not good luck hope it works out 4 u.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #205,714
  • Mar 3, 2010 8:59am Mar 3, 2010 8:59am
I think selling is a good way with tight SL above 1.37
  • #205,715
  • Mar 3, 2010 9:00am Mar 3, 2010 9:00am
not bad 53
Trade on your own risk Plan your trade&trade your plan dont be a
  • #205,716
  • Mar 3, 2010 9:00am Mar 3, 2010 9:00am
Quoting kuroro001
Rumors says 53 for ISM...that's why everything shot up
Damn ! 53 would be a very big number!

It is 53! lets see this shitt go down!
  • #205,717
  • Mar 3, 2010 9:01am Mar 3, 2010 9:01am
Quoting $maker
Id have my crap in my pants too then
ihope i dont have to crap my pants
  • #205,718
  • Mar 3, 2010 9:01am Mar 3, 2010 9:01am
Quoting freedom48
I smoke and wait my last minutes...I hope the US will not fuck my day at all...

If the US doesnt, Greece will
  • #205,719
  • Mar 3, 2010 9:01am Mar 3, 2010 9:01am
53 is the number for PMI and expected number was 51!
  • #205,720
  • Mar 3, 2010 9:02am Mar 3, 2010 9:02am
Quoting redmeccha
eu in a strong bear mode now, i've open buy 1.3648, aiming for 1.3787 ...

1.3682 is the point of no return ... if the price reach this point, it will never look back

Crossing my fingers now
Bear mode going up, point of no return and crossing fingers
Don't be a hero. Don't have an ego. Always question yourself
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