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  • #361
  • Aug 11, 2010 5:57am Aug 11, 2010 5:57am
Quoting robster
Good evening Simone!
Managed a good gu trade earlier.
You got me there again, Good Evening robster. That is great! That's the very setup I wanted to catch but went to bed. Good Trade! Looking like retrace mode now on before further selling.
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  • #362
  • Aug 11, 2010 5:58am Aug 11, 2010 5:58am
Quoting simoneg
Hahaha, ok mon, I will consider dat! Took me awhile to learn to hold my positions, as like you, I was a scalper, or started out scalping. I however found that if left my trades with stop and limit and walked away the results were better and far less emotions involved, ....
Cool thanks! I would certainly feel a lot more irie if you did

Yeah ive been doing stops and limits and it works beautifully on demo! Not as much luck on live but i know nerves and emotions get in the way.

Wish i had gotten on to that 100pip drop at newstime.. ah well we move on... channeling a bit now and dont know if still retracing an will continue short...
  • #363
  • Aug 11, 2010 6:05am Aug 11, 2010 6:05am
Quoting Jazznos
Cool thanks! I would certainly feel a lot more irie if you did

Yeah ive been doing stops and limits and it works beautifully on demo! Not as much luck on live but i know nerves and emotions get in the way.

Wish i had gotten on to that 100pip drop at newstime.. ah well we move on... channeling a bit now and dont know if still retracing an will continue short...

Hahaha, in that case its a must do! Yes, I know what you mean. For that reason my eyes are mostly fixed on price and pips and not my profit/account. And as pathum said, forget your losses quickly and your wins even quicker.

So looking on GU now and seeing that two levels of resistance for continuation...The weekly low at 1.5709 and breach level at 1.5768. But we are heading for our daily bear targets, which we may hit first and then seek retrace, or we may retrace from the current level.
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  • #364
  • Aug 11, 2010 6:10am Aug 11, 2010 6:10am
Quoting simoneg
Hahaha, in that case its a must do! Yes, I know what you mean. For that reason my eyes are mostly fixed on price and pips and not my profit/account. And as pathum said, forget your losses quickly and your wins even quicker.

So looking on GU now and seeing that two levels of resistance for continuation...The weekly low at 1.5709 and breach level at 1.5768. But we are heading for our daily bear targets, which we may hit first and then seek retrace, or we may retrace from the current level.
If yesterday's 50 fib breach breaks up what happens then?
  • #365
  • Aug 11, 2010 6:16am Aug 11, 2010 6:16am
Quoting gotpips92
If yesterday's 50 fib breach breaks up what happens then?
If it breaks up and gives buy signals I will take them. Its hardly likely though from what we are seeing. So I am long, with early breakeven, for that breach...If we get past 1.5709.
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  • #366
  • Aug 11, 2010 6:20am Aug 11, 2010 6:20am
Quoting simoneg
The weekly low at 1.5709...
My weekly low is at 1.5697... Wonder why its different for you? Ive just fibbed the high and low of prev weeks candle... high 1.5999, low 1.5697...
  • #367
  • Aug 11, 2010 6:21am Aug 11, 2010 6:21am
Quoting Jazznos
My weekly low is at 1.5697... Wonder why its different for you? Ive just fibbed the high and low of prev weeks candle... high 1.5999, low 1.5697...
You sure? The week starting Aug 2?
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  • #368
  • Aug 11, 2010 6:24am Aug 11, 2010 6:24am
Quoting simoneg
You sure? The week starting Aug 2?
Yeah - well im just going by the candle my platform gives me on the weekly chart. Or do you fib it on a different chart?
  • #369
  • Aug 11, 2010 6:26am Aug 11, 2010 6:26am
Quoting Jazznos
Yeah - well im just going by the candle my platform gives me on the weekly chart. Or do you fib it on a different chart?
No we still should not be so far off. You are fibbing Mon to Fri correct?
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  • #370
  • Edited 7:02am Aug 11, 2010 6:35am | Edited 7:02am
1.5722 Monthly high holding. Watch this level for short continuation. Closed my long here +10.
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  • #371
  • Aug 11, 2010 6:51am Aug 11, 2010 6:51am
Abandoned my long too early? Nevertheless, still watching here and beyond, 1.5768.
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  • #372
  • Aug 11, 2010 6:55am Aug 11, 2010 6:55am
Quoting simoneg
No we still should not be so far off. You are fibbing Mon to Fri correct?
I put chart timeframe on Weekly and fib a single candle. If i go to daily it shows low of 2nd as being 1.5697, so not sure why yours is different!
  • #373
  • Aug 11, 2010 6:59am Aug 11, 2010 6:59am
Quoting Jazznos
I put chart timeframe on Weekly and fib a single candle. If i go to daily it shows low of 2nd as being 1.5697, so not sure why yours is different!
Wow that's something else. So we are about 12pips apart. Thats significant...nevertheless, we trade.
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  • #374
  • Aug 11, 2010 7:03am Aug 11, 2010 7:03am
Quoting simoneg
Wow that's something else. So we are about 12pips apart. Thats significant...nevertheless, we trade.
Yeah not a huge big deal - just annoying if were comparing notes and levels and its different! Maybe its a one off... Good luck today :-)
  • #375
  • Aug 11, 2010 7:08am Aug 11, 2010 7:08am
Quoting Jazznos
Yeah not a huge big deal - just annoying if were comparing notes and levels and its different! Maybe its a one off... Good luck today :-)
True True! Thanks Jazznos, all the best trading today to you and everyone! Am heading off now.
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  • #376
  • Aug 11, 2010 7:08am Aug 11, 2010 7:08am
Quoting Jazznos
Yeah not a huge big deal - just annoying if were comparing notes and levels and its different! Maybe its a one off... Good luck today :-)
Morning/Evening!
I think if you fib from Monday's low, you will get ~5708 as low; if you fib from Sunday's low, you will get ~5696.
  • #377
  • Aug 11, 2010 8:19am Aug 11, 2010 8:19am
Thanks Bestp!

Can anyone tell how GU is doing. Can only monitor my trade from my phone. Post a chart maybe? How close have we gone to 1.5600?
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  • #378
  • Aug 11, 2010 8:30am Aug 11, 2010 8:30am
Quoting simoneg
Thanks Bestp!

Can anyone tell how GU is doing. Can only monitor my trade from my phone. Post a chart maybe? How close have we gone to 1.5600?
hi Simone!!
here is a chart, it seems going up.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 170 KB
  • #379
  • Aug 11, 2010 8:33am Aug 11, 2010 8:33am
oh, just realized my fib is up side down.
  • #380
  • Aug 11, 2010 8:34am Aug 11, 2010 8:34am
Quoting bestp
hi Simone!!
here is a chart, it seems going up.
oooo i c. Thanks very much for the visual bestp! We seem to be failing to close below 1.5680. Any idea what is at this level as well as at 1.5665?
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