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  • #223,181
  • Apr 9, 2010 2:28pm Apr 9, 2010 2:28pm
Quoting Buckscoder
To be honest, I have no idea if that break the tl or not. I can just put my orders around later. That looks like more pressure now at that battle line. At least I save my rollover, lol. I should have locked in the 50 pips earlier, but I was too GREEDY, lol.

@ak4x: The latter one.
i was just commenting on a bull wedge on the 15m. now a bull flag. im nuetral st..bearish lt.. i cant deny the db on the weekly.. im just building small shorts. i have a sl point. im just waiting to see if this is the commoun dt ending in a batman..(batman r ear) 80.91 is a support i have on usdx also.. where there atm
those who can, do. those who cant, talk about those who can
  • #223,182
  • Apr 9, 2010 2:31pm Apr 9, 2010 2:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 81 KB
This is a correction move. It will probably test 3540 highs and then retest 3260, break it and go for 3000 levels.
  • #223,183
  • Apr 9, 2010 2:34pm Apr 9, 2010 2:34pm
I see a broken big big big tl. Not sure if my drawing art is precise enough, though. Lets wait. mt also sometimes draws the lines in a funny way.
Attached Image (click to enlarge)
Click to Enlarge Name: pip.PNG Size: 26 KB
Sometimes I lose. Sometimes the others win.
  • #223,184
  • Apr 9, 2010 2:39pm Apr 9, 2010 2:39pm
Quoting Buckscoder
I see a broken big big big tl. Not sure if my drawing art is precise enough, though. Lets wait. mt also sometimes draws the lines in a funny way.
Broken trendline, market becoming stretched, nearing the close end of week, it's all coming together.
  • #223,185
  • Apr 9, 2010 2:40pm Apr 9, 2010 2:40pm
Quoting gatorinla
wishful thinking? wheres the debt go? if it gets paid (bail out) it hurts the backers that are in ez. if it dont get paid it hurts the ez banks.

either way reputation is hurt

lets not forget china's plan to raise currency value.

its just a matter of time.

theres not enough fingers to plug the holes.
exactly, where does the US debt go? keep printing money so I go with the flow, even though the flow maybe on the River Styx to Haedes (that is not the band for you young peeps).
Follow the pied piper for now, I trade for now not for 10 years from now. (It's going to be like a conveyor belt of mini Greeces right...)
----- Dragonfly out in the sun you know what I mean, don't you know
  • #223,186
  • Apr 9, 2010 2:40pm Apr 9, 2010 2:40pm
Looking at bunch of trades right now I finding 1 rule, which probably

everyone

knows, but nobody follows.. Better have 8 pairs charts open and take

high probability trades only, then shoot left and right with the 1 pair,

and that rule is simple: Long above Pivot and Short Below..

While it's so tempting to Short the tops and long the bottoms I find this

to be very risky trades...

I will wait next time till trade comes to me.. Probably

buy few other monitors and just open 10-15 pairs (charts) at ones

to grab only those who fits my criteria..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #223,187
  • Apr 9, 2010 2:43pm Apr 9, 2010 2:43pm
Quoting gatorinla
i was just commenting on a bull wedge on the 15m. now a bull flag. im nuetral st..bearish lt.. i cant deny the db on the weekly.. im just building small shorts. i have a sl point. im just waiting to see if this is the commoun dt ending in a batman..(batman r ear) 80.91 is a support i have on usdx also.. where there atm

Well, to me it means right now the what you say common dt has ended right now. If my mt4 tl is precise enough. Better it would go more up to confirm this or go strong down now to confirm the other way. I am out now and just wait and watch. I thought it would be a nice swing entry this time, but I still ended with some short pips, lol. Frankly, the daily chart looks not really convincing anymore for a dt. So, if that tl is broken we might get a wider range from 1.32xx to 1.38xx or so. Just my unimportant guessing.
Sometimes I lose. Sometimes the others win.
  • #223,188
  • Apr 9, 2010 2:45pm Apr 9, 2010 2:45pm
I have lost my short from 1.3481 with +30 pips of profit after 3 hours in just 30 minutes, finally -10 pips of losses, I HATE FOREX
  • #223,189
  • Apr 9, 2010 2:49pm Apr 9, 2010 2:49pm
Quoting Buckscoder
Well, to me it means right now the what you say common dt has ended right now. If my mt4 tl is precise enough. Better it would go more up to confirm this or go strong down now to confirm the other way. I am out now and just wait and watch. I thought it would be a nice swing entry this time, but I still ended with some short pips, lol. Frankly, the daily chart looks not really convincing anymore for a dt. So, if that tl is broken we might get a wider range from 1.32xx to 1.38xx or so. Just my unimportant guessing.
no body knows.. that why i like small positions going with the trend. im thinking 3566 95 3622 is strong s/r.. i unloaded at 3292 so i can afford to reload.. ill take another look there if need be.
those who can, do. those who cant, talk about those who can
  • #223,190
  • Apr 9, 2010 2:50pm Apr 9, 2010 2:50pm
Quoting Buckscoder
I see a broken big big big tl. Not sure if my drawing art is precise enough, though. Lets wait. mt also sometimes draws the lines in a funny way.

IMFUO, draw with a crayon, much easier
  • #223,191
  • Apr 9, 2010 2:51pm Apr 9, 2010 2:51pm
Quoting SkyzerFX
Looking at bunch of trades right now I finding 1 rule, which probably

everyone

knows, but nobody follows.. Better have 8 pairs charts open and take

high probability trades only, then shoot left and right with the 1 pair,

and that rule is simple: Long above Pivot and Short Below..

While it's so tempting to Short the tops and long the bottoms I find this

to be very risky trades...

I will wait next time till trade comes to me.. Probably

buy few other monitors and just open 10-15 pairs (charts) at ones

to grab only those who fits...
Trade What You See and Not What You Think
  • #223,192
  • Apr 9, 2010 2:51pm Apr 9, 2010 2:51pm
Quoting Buckscoder
Well, to me it means right now the what you say common dt has ended right now. If my mt4 tl is precise enough. Better it would go more up to confirm this or go strong down now to confirm the other way. I am out now and just wait and watch. I thought it would be a nice swing entry this time, but I still ended with some short pips, lol. Frankly, the daily chart looks not really convincing anymore for a dt. So, if that tl is broken we might get a wider range from 1.32xx to 1.38xx or so. Just my unimportant guessing.
I have to agree. I could see 3525 topping out the range.
All that is left in FF is just plain garbage. "Cloggie"
  • #223,193
  • Apr 9, 2010 2:52pm Apr 9, 2010 2:52pm
Quoting SkyzerFX
Looking at bunch of trades right now I finding 1 rule, which probably

everyone

knows, but nobody follows.. Better have 8 pairs charts open and take

high probability trades only, then shoot left and right with the 1 pair,

and that rule be, simple: Long above Pivot and Short Below..

While it's so tempting to Short the tops and long the bottoms I find this

to be very risky trades...
Maybe this will help: markets tend to open near the top or bottom of the range. Watching how prices react at first approach of pivot gives clue to big money intentions. watch and wait and pick your stop using the pivots will keep you on the right side more often than not and use it to take profit. Use a straight line to know where the market trend is and only trade when the probabilities are in your favour, and especially if you have selling or buying pressure changing to know when the moves are about to begin or end. keep it simple and design your own system and stick to it, regardless of what others think. every day is different and don't think you can know where the market is going any one day until the clues are in place, and never become so bullish or bearish that you ony see one side of the chart.
  • #223,194
  • Apr 9, 2010 2:55pm Apr 9, 2010 2:55pm
dow hit 11K
those who can, do. those who cant, talk about those who can
  • #223,195
  • Apr 9, 2010 2:55pm Apr 9, 2010 2:55pm
It looks as if traders are shooting for 11,000 and 1200 as targets on the indexes. May be a nice short setup developing as gold has decided to take a break.

Sunday Asian should be interesting!
All that is left in FF is just plain garbage. "Cloggie"
  • #223,196
  • Apr 9, 2010 2:56pm Apr 9, 2010 2:56pm
NEWS: "Dow hits 11,000" what else is new?

No they will free to drop it below 10k ones more.

USDx dropped badly at the End of US session.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #223,197
  • Apr 9, 2010 2:57pm Apr 9, 2010 2:57pm
Quoting gatorinla
no body knows.. that why i like small positions going with the trend. im thinking 3566 95 3622 is strong s/r.. ill take another look there if need be.
Yeah, I see what you mean. I will just continue next week drawing my tls and then looking for good opportunities. That all can change so fast that it is not healthy to be convinced of anything, particularly for a longer term.

I probably should also reduce my targets a bit. 50 pips is a lot. If anybody is lucky and gets 400 it's nice but doesn't seem to happen very often.

To me it is not even committed right now 100% the tl break right now. It need a I'd say 10 or better 20 pips up to see it is really through. Monday hopefully will clear some things up.
Sometimes I lose. Sometimes the others win.
  • #223,198
  • Apr 9, 2010 3:04pm Apr 9, 2010 3:04pm
Just a little more and I'm holding a ticket for the weekend.
Have a good one, everybody.
  • #223,199
  • Apr 9, 2010 3:15pm Apr 9, 2010 3:15pm
Quoting Atlast
Maybe this will help: markets tend to open near the top or bottom of the range. Watching how prices react at first approach of pivot gives clue to big money intentions. watch and wait and pick your stop using the pivots will keep you on the right side more often than not and use it to take profit. Use a straight line to know where the market trend is and only trade when the probabilities are in your favour, and especially if you have selling or buying...
Well spoken! You have a good one too and fun at your show (tickets)!
Sometimes I lose. Sometimes the others win.
  • #223,200
  • Apr 9, 2010 3:19pm Apr 9, 2010 3:19pm
Quote
Dont short E/U bull run.

Dow is looking to capture 11,000..it has broken R 1 second time intraday and trading above it.

E/U can go 1.35 + today if dow nears 11,000.

I predicted this thing 5 hours ago.

I am glad i am getting better at day trading stuff because of my ability to do S/R research on dow.
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