.:"If you do square work, you do not cut corners":.
- #259,022
- Jun 16, 2010 4:34pm Jun 16, 2010 4:34pm
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
still holding short. 3 pip til my tp. come on you can do it.
- #259,023
- Jun 16, 2010 4:35pm Jun 16, 2010 4:35pm
- | Commercial User | Joined Jul 2009 | 5,375 Posts
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #259,024
- Jun 16, 2010 4:35pm Jun 16, 2010 4:35pm
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #259,025
- Jun 16, 2010 4:36pm Jun 16, 2010 4:36pm
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #259,026
- Jun 16, 2010 4:37pm Jun 16, 2010 4:37pm
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
Seems like we are the outer range of current correction. 1.2350-60 is a battlezone, there is lack of upside momentum because renwed concerns of the EU debt crisis. We might see 1.2150 1.2050 as lower range level.
Will only place new longs on a break out of the outer range. Will be buidling small short positions at market with initial SL at 1.2360 and trail it on break of the 60DMA on the hourly chart, first target 1.2170.
- #259,027
- Jun 16, 2010 4:44pm Jun 16, 2010 4:44pm
Good to see that we agree, couple of posts before yours ive also posted a warning about a huge bear movement incoming soon, Glad we see eye to eye on this one
Last upward movement took 10 candles.
- #259,029
- Jun 16, 2010 4:47pm Jun 16, 2010 4:47pm
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #259,030
- Jun 16, 2010 4:47pm Jun 16, 2010 4:47pm
- | Commercial User | Joined Jul 2009 | 5,375 Posts
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #259,034
- Jun 16, 2010 5:34pm Jun 16, 2010 5:34pm
Now this is what I call worthless market hours and hours and hours to no end of consolidation with so tight ranges you can barely scalp! Arg!
I decided to start changing my sleeping hours. If I ever start making a lot of money in Forex I think I may end up in Europe instead of North America. This has started to become comical. I'm guessing the fact it's close to the summer season might have something to do with it.
My week has been a tad odd though. I was ready to start the week with a bang and ended up with one +4 pip trade, one +2 pip trade and one -5 pip trade (partly due to a requote). Of course, I tried shorting three times as you can imagine and ended up giving up.
Oh well, the higher this thing moves, the more potential downside it will have. After taking over 18 months to test and examine various methods, I think I've finally settled on a method. This is kind of a "period of adaptation" for me with the new method but things have not "gotten off the ground" yet in an amazing way because of these types of movements.
- #259,036
- Jun 16, 2010 6:03pm Jun 16, 2010 6:03pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Fwiw... setting my alarms and getting on with Life here for the evening.
Pivots from 5pm for anyone deciding to stick it out... Central and Daily pivots so close together will act like a giant magnet till something breaks it loose in whatever direction (my bias is mo' down but I'd like a quickie burst north to hit my limit sells and reload... but whatever
NOTE: Todays M2 is yesterday's DP and the xx80 psych level.... (price memory)
Pivots from 5pm for anyone deciding to stick it out... Central and Daily pivots so close together will act like a giant magnet till something breaks it loose in whatever direction (my bias is mo' down but I'd like a quickie burst north to hit my limit sells and reload... but whatever
NOTE: Todays M2 is yesterday's DP and the xx80 psych level.... (price memory)
FUBAR...
