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  • #232,901
  • Apr 28, 2010 9:25am Apr 28, 2010 9:25am
Quoting tonyo524
Long at current price, against trend. Market continues down 30 pips. short. Now I'm hedged with a 30 pip negative. market continues down ie with trend. I take another short after support is broken. I make 30 pips, I'm break even. 2 down, 1 up in hedge.
So, Say you are long 10 lots, and when it's gone 30 pips against you, you sell 10 lots or 20 lots?
  • #232,902
  • Apr 28, 2010 9:25am Apr 28, 2010 9:25am
Quoting maurofx
You may be rgiht. Now as a pivot trader we should be going to s1 @3064. Do you see it happening?? I see much more possible a retest at PP than such a fall.
Good point... I don't know what to say at this point... there's been a lot of unwound positions the last few days, lots of verbalvention from all corners, the FOMC thing hanging in the air like a ripe fart, and markets need to breathe at some point unless it's in all out Panic mode, in which case you have to wait.

But who wants to breathe deep with a ripe fart hanging in the air...?

This hasn't been Panic imo, this unwinding has been on the charts for days or even weeks, at some point price needs to climb back up to unwind at a better price even if it's not a great one relative to the fall. That's where over reliance on fibs and things can get you into trouble. When the market needs to unload, I don't think it waits very long for a certain level to do so...

Repeat that cycle until a new equilibrium has been reached. Then we all reevaluate while it Consolidates and/or Ranges. Those aren't the same terms in my mind btw.

So to your question... S1 today or a DP retest?? Yeah.
FUBAR...
  • #232,903
  • Apr 28, 2010 9:26am Apr 28, 2010 9:26am
Once DX's mid term destiny will be decided upon next stop is 90, needless to say where Eur will be then (& Gbp too)
Prices oscillate, trends persist. Trend is your friend.
  • #232,904
  • Apr 28, 2010 9:27am Apr 28, 2010 9:27am
Quoting AlexC
The islands in the Aegean are something to see.
i'll put that on the list.

anywhere in particular?

m
  • #232,905
  • Apr 28, 2010 9:28am Apr 28, 2010 9:28am
Quoting Trading Cat
should 79 break I go short
Guess you're speaking of EU cash?

Six 5 minute candles have pinned the 1.318
  • #232,906
  • Apr 28, 2010 9:31am Apr 28, 2010 9:31am
Quoting ak4x
Good point... I don't know what to say at this point... there's been a lot of unwound positions the last few days, lots of verbalvention from all corners, the FOMC thing hanging in the air like a ripe fart, and markets need to breathe at some point unless it's in all out Panic mode, in which case you have to wait.

But who wants to breathe deep with a ripe fart hanging in the air...?

This hasn't been Panic imo, this unwinding has been on the charts for days and weeks, at some point price needs to climb back up to unwind at a better price,...
no panic until default.

that's my guess.

those of us that have been in the game remember what a sell of looks like.

that was a good August.
  • #232,907
  • Apr 28, 2010 9:31am Apr 28, 2010 9:31am
Quoting acumen
i'll put that on the list.

anywhere in particular?

m
Santorini, Rhodes, Crete, Paros, Mykonos to name a few.
  • #232,908
  • Apr 28, 2010 9:32am Apr 28, 2010 9:32am
EURUSD 1H chart. Price came back almost to the pip from the upper line of the purple channell. Broke through PP and 3216 support level and now back again in the pitchfork. Small retracement can be expected tg 3216 area but I think a retest of the lows is inminent.
It's a very volatile day and we have a lot to go yet!! Good luck!!
Attached Image (click to enlarge)
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  • #232,909
  • Apr 28, 2010 9:38am Apr 28, 2010 9:38am
Also looking for it to break long. Unfortunately with Greece getting worse by the minute, Portugal, Spain, and France in their footsteps it seems that it might go south as well. Gonna have to wait. If Germany/IMF can put together a better package we'll see the upshot but I think long term the whole EZ is in trouble.
  • #232,910
  • Apr 28, 2010 9:38am Apr 28, 2010 9:38am
Quoting acumen
no panic until default.

those of us that have been in the game remember what a sell of looks like.

that was a good August.


Took poor ole cobra like two weeks to stop hitting the BUY button. I had to hypnotize him over the thread to cure him...
FUBAR...
  • #232,911
  • Apr 28, 2010 9:40am Apr 28, 2010 9:40am
Quoting ak4x
IBFX will tell you outright that demo servers are lower priority than live accounts... as it should be.

One thing I DO know... if borkers closed down demo accounts, there'd be alot fewer posters and a lot more peace and quiet a'rd FF.
  • #232,912
  • Apr 28, 2010 9:40am Apr 28, 2010 9:40am
Quoting ak4x
IBFX will tell you outright that demo servers are lower priority than live accounts... as it should be.

One thing I DO know... if borkers closed down demo accounts, there'd be alot fewer posters and a lot more peace and quiet a'rd FF.

damn good point
  • #232,913
  • Apr 28, 2010 9:40am Apr 28, 2010 9:40am
net short 76 with this got sl tight at 96 tp 56 or below
Trade on your own risk Plan your trade&trade your plan dont be a
  • #232,914
  • Apr 28, 2010 9:41am Apr 28, 2010 9:41am
Quoting maurofx
EURUSD 1H chart. Price came back almost to the pip from the upper line of the purple channell. Broke through PP and 3216 support level and now back again in the pitchfork. Small retracement can be expected tg 3216 area but I think a retest of the lows is inminent.
It's a very volatile day and we have a lot to go yet!! Good luck!!
That looks like a bullish double-bottom formation that's feeling a bit sore.
  • #232,915
  • Apr 28, 2010 9:43am Apr 28, 2010 9:43am
ak4x

I read one of your posts witch put me on to THV

Thank you

The only reason I'm using Alpari demo

Although the monkey is option based they're sufficient enough for FX

(I trade options as well)
  • #232,916
  • Apr 28, 2010 9:45am Apr 28, 2010 9:45am
Quoting ozobU
ak4x

I read one of your posts witch put me on to THV

Thank you

The only reason I'm using Alpari demo

Although the monkey is option based they're sufficient enough for FX

(I trade options as well)
Hi

Who do you use as an options broker... I assume you mean FX options right?

thanks dude
  • #232,917
  • Apr 28, 2010 9:45am Apr 28, 2010 9:45am
h&s in the making on h1
  • #232,918
  • Apr 28, 2010 9:46am Apr 28, 2010 9:46am
Quoting Trading Cat
net short 76 with this got sl tight at 96 tp 56 or below
stopped out. worth a try next one.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #232,919
  • Apr 28, 2010 9:49am Apr 28, 2010 9:49am
greek spreads compressing and getting better
  • #232,920
  • Apr 28, 2010 9:50am Apr 28, 2010 9:50am
a hammer is forming ?
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