I´m shorting it.
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EUR/GBP - What a great pair to trade!
- #822
- Jul 9, 2010 3:44am Jul 9, 2010 3:44am
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,509 Posts
Just hit 8347 .
Unknowingly my Stealth Ea malfunctioned and small 0.1 lot SHORT from 08380 (TOP of Spike) was live. Just Closed @ 8353
Hey red nose...hope you are fine!
InV. HnS (Agree; Only till it doesn't break 8200; Put forward my views a few posts before)
Waiting for a small up-retrace (probably to enter shorts
)
lets WnW
Unknowingly my Stealth Ea malfunctioned and small 0.1 lot SHORT from 08380 (TOP of Spike) was live. Just Closed @ 8353
Hey red nose...hope you are fine!
InV. HnS (Agree; Only till it doesn't break 8200; Put forward my views a few posts before)
Waiting for a small up-retrace (probably to enter shorts
)lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
- #823
- Jul 9, 2010 4:03am Jul 9, 2010 4:03am
welcome rednose!....agree fully on the H&S
if u will indulge me on another GU chart
H1 chart....will sell at mthly R1 @ 5271....thats very nice 1.27 bearish bfly with potential 3.618 BC extension to point D
its actually on a 0.786 gartley right now...as long as it doesnt violate point C to the dwnside the 5271 short still in play....incidently 5271 also a Daily bearish Bat pattern complete, just short of the 200ema @ 5300
....hearing alot of chatter for a visit to that level...will put SL 5315
the pound PPI and trade balance #'s sure disappointed....on the sidelines at the moment
if u will indulge me on another GU chart
H1 chart....will sell at mthly R1 @ 5271....thats very nice 1.27 bearish bfly with potential 3.618 BC extension to point D
its actually on a 0.786 gartley right now...as long as it doesnt violate point C to the dwnside the 5271 short still in play....incidently 5271 also a Daily bearish Bat pattern complete, just short of the 200ema @ 5300
....hearing alot of chatter for a visit to that level...will put SL 5315 the pound PPI and trade balance #'s sure disappointed....on the sidelines at the moment
it had seemed so obvious at the time
- #824
- Jul 9, 2010 4:16am Jul 9, 2010 4:16am
Just hit 8347 .
Unknowingly my Stealth Ea malfunctioned and small 0.1 lot SHORT from 08380 (TOP of Spike) was live. Just Closed @ 8353
darn....i like to malfunction and yet close for + pips too!
it had seemed so obvious at the time
- #825
- Jul 9, 2010 4:21am Jul 9, 2010 4:21am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #826
- Edited 5:31am Jul 9, 2010 5:14am | Edited 5:31am
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,509 Posts
darn....i like to malfunction and yet close for + pips too!
Earlier in the career with EA's , usually they screw you nicely
i think, it was a reimbursement for 9pip loss earlier today with the same EA (looks like EA edit went wrong; OFF charts now)
Anyway, Just SHORT@ 8349. ( Quick trade)
TGT1 : test of previous low
TGT2: Not yet known ; Only if breaks previous low . (I think 8327)
lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
- #827
- Jul 9, 2010 5:56am Jul 9, 2010 5:56am
Earlier in the career with EA's , usually they screw you nicely
just alittle something on the side.....
http://soccernet.espn.go.com/world-c...716&ver=global
wish i could get paul to tell me where EG's headed next week!
the finals looking like this......holland vs. barcelona FC
but i'm wearing orange come sunday
it had seemed so obvious at the time
- #830
- Jul 9, 2010 6:49am Jul 9, 2010 6:49am
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,509 Posts
@ ForexSaint:
Hi budd I´m doing fine and you? Got to the 5%? Congratulations.
have to be more consistent over a period to get more confident about my skills.@ Archi
You from holland?
P.S. ADDed to previous short @ 8360 now !
As expected (and posted) retracement should have been there but this was bit more.
lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
- #831
- Jul 9, 2010 6:52am Jul 9, 2010 6:52am
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,509 Posts
@ ForexSaint:
Hi budd I´m doing fine and you? Got to the 5%? Congratulations.
have to be more consistent over a period to get more confident about my skills.Regarding your short,
i would say all depends upon your holding period/time frame.
(i think i am most notorious for opening and closing trades in a jiffy; Scalping past
)@ Archi
You from holland?
P.S. ADDed to previous short @ 8360 now !
As expected (and posted) retracement should have been there but this was bit more.
lets WnW
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
Well its nt been long i got into that group (thats why IMO). But who knows opinions, are often wrong
Regarding your short,
i would say all depends upon your holding period/time frame.
(i think i am most notorious for opening and closing trades in a jiffy; Scalping past
@ Archi
You from holland?
P.S. ADDed to previous short @ 8360 now !
As expected (and posted) retracement should have been there but this was bit more.
lets WnW
I´m still holding the short trade let´s see what happens.
I´m not adding to it yet.
Red.
- #835
- Jul 9, 2010 8:02am Jul 9, 2010 8:02am
@ Archi You from holland?
they're running into heavy resistance in spain though (on a 90min chart
), gotta give the dutch some support, if u know i mean
it had seemed so obvious at the time
- #836
- Edited 8:08am Jul 9, 2010 8:04am | Edited 8:08am
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,509 Posts
Alright.
Let me put forward what i see (At present; as my views in small TF also change every second lol)
See the Chart
Now when i posted before regarding "will short on some retrace" i saw that smaller (bearish) wedge forming. I opened shorts at just about "d" leg of it.(marked by 1st circle)
We can see it broke out upwards (false; logically) and became a bigger bearish wedge.
I tried to enter on "d" leg/point of that, but broker quoted me to death till i added on 2nd circle.
Now what i think we have broken out of that (downwards as i write this) and will try to kiss the back of it with a candle or so and then fall . Else Stoploss Triggered ...
lets WnW
@archi LoL
Anyway WC ended for me when when i saw the first match and brazil lost (not a fifa big fan though)
Will watch the finals (if not making pips )
Let me put forward what i see (At present; as my views in small TF also change every second lol
)See the Chart
Now when i posted before regarding "will short on some retrace" i saw that smaller (bearish) wedge forming. I opened shorts at just about "d" leg of it.(marked by 1st circle)
We can see it broke out upwards (false; logically) and became a bigger bearish wedge.
I tried to enter on "d" leg/point of that, but broker quoted me to death till i added on 2nd circle.
Now what i think we have broken out of that (downwards as i write this) and will try to kiss the back of it with a candle or so and then fall . Else Stoploss Triggered ...
lets WnW
@archi LoL
Anyway WC ended for me when when i saw the first match and brazil lost (not a fifa big fan though)
Will watch the finals (if not making pips
)
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
- #837
- Jul 9, 2010 8:18am Jul 9, 2010 8:18am
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,509 Posts
This wedge in wedge is what i call Supra-Wedge.
And we just kissed the back of this Supra-Wedge.
Reaction is a red M5 candle (and dropping)
Lets WnW
P.S. Goes below 8354, you can bet the whole farm for at least 10 pips...lol
And we just kissed the back of this Supra-Wedge.
Reaction is a red M5 candle (and dropping)
Lets WnW
P.S. Goes below 8354, you can bet the whole farm for at least 10 pips...lol
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
- #838
- Jul 9, 2010 8:50am Jul 9, 2010 8:50am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Here's my angle:
The grey area represents the ranging area at the area of resistance (as previously discussed - lol). These ranges form very strong support or resistance.
Candle 1 represents the break out from that range. It's emphatic in that it close with no tail. Price retests the resistance area and forms pin bar off this area - candle 2. (Added to my shorts here).
Some people use the 38.2 fib retracement to confirm these moves, so that when the price retests the resistance and closes above 38.2, shorts can be set below 38.2 and taken up if the trend change is correct. I sometimes use fibs as a measuring stick.
The grey area represents the ranging area at the area of resistance (as previously discussed - lol). These ranges form very strong support or resistance.
Candle 1 represents the break out from that range. It's emphatic in that it close with no tail. Price retests the resistance area and forms pin bar off this area - candle 2. (Added to my shorts here).
Some people use the 38.2 fib retracement to confirm these moves, so that when the price retests the resistance and closes above 38.2, shorts can be set below 38.2 and taken up if the trend change is correct. I sometimes use fibs as a measuring stick.
Gone to a better place
- #840
- Edited 9:21am Jul 9, 2010 9:18am | Edited 9:21am
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,509 Posts
Now as we all know that all of us are short.
And as we also know that retail traders are always wrong.
And as we also know Big Boys are always on the other hand of the trade
Hence
We are all going to bang our head against SL, at last on this.
P.S. Sorry for my weird talk
P.S. 2 . Gosh! Just noticed! GU is hanging on the cliff . EU is not far either ..on GU's leg
And as we also know that retail traders are always wrong.
And as we also know Big Boys are always on the other hand of the trade
Hence
We are all going to bang our head against SL, at last on this.
P.S. Sorry for my weird talk
P.S. 2 . Gosh! Just noticed! GU is hanging on the cliff . EU is not far either ..on GU's leg
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152