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  • #290,281
  • Sep 8, 2010 3:22pm Sep 8, 2010 3:22pm
Quoting rallik
a close here under 2730 supports sounds like a good confirmation to me
which tf?
@pawpaw1000 on Twitter
  • #290,282
  • Sep 8, 2010 3:23pm Sep 8, 2010 3:23pm
you like my chart?
* resistance area should be support area of course.
Attached Image (click to enlarge)
Click to Enlarge Name: forex225.gif Size: 34 KB
  • #290,283
  • Sep 8, 2010 3:25pm Sep 8, 2010 3:25pm
Quoting pawpaw1000
and where would that be seeing as we have already dropped 45 pips?
i have tp at 2690
  • #290,284
  • Sep 8, 2010 3:29pm Sep 8, 2010 3:29pm
Quoting kandarv
Love for the money gets you in the market.
Fear of loosing profits, limits your gains.
Hope of recovering, extends your loses.
and greed keeps you going.

Trading is 80% a human factor. Technicals are not as difficult. Good luck on controlling your emotions, once you do, you'll do great.
Overall, I think you're right. However, it was blind faith in my trading system that got me here. That said, it was recent lack of belief in my trading system that broke my discipline, and got me into making the kind of mistakes everybody does as you just mentioned. Thanks for the words.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #290,285
  • Sep 8, 2010 3:29pm Sep 8, 2010 3:29pm
Quoting pawpaw1000
which tf?
just on the day ... so in 30 minutes when the session closes .. 2730 is big resistance/support ... it would be inline with the bearish view to close under that support
  • #290,286
  • Sep 8, 2010 3:31pm Sep 8, 2010 3:31pm
Quoting ttoony
soon will be right time for short
You said soon will be the right time for short, implying that you haven't shorted yet... And now you say tp at 90? So you have already shorted?

I'm in and wanting to see the low or at least 1.2690...
@pawpaw1000 on Twitter
  • #290,287
  • Sep 8, 2010 3:32pm Sep 8, 2010 3:32pm
Quoting rallik
just on the day ... so in 30 minutes when the session closes .. 2730 is big resistance/support ... it would be inline with the bearish view to close under that support
@pawpaw1000 on Twitter
  • #290,288
  • Sep 8, 2010 3:37pm Sep 8, 2010 3:37pm
my circulations turns up """"""when people say 2730 is rr and keeps bearish view close under rr 2730 ..hmm i would like the asian counterparts to follow there US traders and bring this baby home to 2640


iam sure paw will love that to close to 100 pips paw is that good

Quoting pawpaw1000
We cannot direct the winds but we can adjust our sail.
  • #290,289
  • Sep 8, 2010 3:38pm Sep 8, 2010 3:38pm
Quoting pawpaw1000
You said soon will be the right time for short, implying that you haven't shorted yet... And now you say tp at 90? So you have already shorted?

I'm in and wanting to see the low or at least 1.2690...
I opened @ 2720 with tp 2690
and I know, it is maybe soon cos it may raise little bit more
  • #290,290
  • Sep 8, 2010 3:39pm Sep 8, 2010 3:39pm
Will Bulls take it to 1.3733 ?
PPP - Patience Pays PIPS
  • #290,291
  • Sep 8, 2010 3:41pm Sep 8, 2010 3:41pm
We are starting Wave 3 from 1.3330. This should take EUR to new months low.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-1.jpg Size: 186 KB
  • #290,292
  • Sep 8, 2010 3:41pm Sep 8, 2010 3:41pm
Quoting posterboy
my circulations turns up """"""when people say 2730 is rr and keeps bearish view close under rr 2730 ..hmm i would like the asian counterparts to follow there US traders and bring this baby home to 2640


iam sure paw will love that to close to 100 pips paw is that good
I would be very happy, scoring me 10% on my lil account
@pawpaw1000 on Twitter
  • #290,293
  • Sep 8, 2010 3:43pm Sep 8, 2010 3:43pm
Quoting rustyram
Will Bulls take it to 1.3733 ?
Mate, we are at 1.2700 and you are wanting us to go to 1.3700? te fous ou qua?

I reckon you must mean 1.2733? that is not too far off but thinking down is the order of the evening...
@pawpaw1000 on Twitter
  • #290,294
  • Sep 8, 2010 3:44pm Sep 8, 2010 3:44pm
I'm short the Euro...still dollar buying out there
  • #290,295
  • Sep 8, 2010 3:48pm Sep 8, 2010 3:48pm
Buenos dias traders. Is everybody feliz, making muchas pips? Cool to see some good volume and a true bull-bear battle across London and early NY, good news for the momentum scalper. Low volume day in NY stocks, E/U slipped lower but still closed above the NYO rate of .2697. I'd expect a rebound day in Asian stocks following yesterday's selloff & that should weigh on the USD. But if it doesn't I won't be surprised. Nothing is certain ever, but the clues are there when the big money shows its hand. As more volume comes back into the market we will have more clues. I wouldn't draw too many conclusions from low volume moves (bull or bear) in the last days of August and Labor Day weekend.

Suerte.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #290,296
  • Sep 8, 2010 3:55pm Sep 8, 2010 3:55pm
Quoting kandarv
Love for the money gets you in the market.
Fear of loosing profits, limits your gains.
Hope of recovering, extends your loses.
and greed keeps you going.

Trading is 80% a human factor. Technicals are not as difficult. Good luck on controlling your emotions, once you do, you'll do great.
I think you are absolutely right.
  • #290,297
  • Sep 8, 2010 3:57pm Sep 8, 2010 3:57pm
Quoting fontu
may be expanding trinagle contain a & b looking for c upside . see charts , not finding ew charts right now .
fontu

How does this count look.

12345 is 240 count
abc is 240 count

ABC is Daily count

240 M is has also formed a big Morning start right at the Trendline , without taking out previous low.

Putting all this in perspective , it should take Euro to 1.3733 , and it will be in a 12345 wave on 240 min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro-Daily.JPG Size: 25 KB
PPP - Patience Pays PIPS
  • #290,298
  • Sep 8, 2010 4:02pm Sep 8, 2010 4:02pm
Quoting rustyram
How does this count look.

12345 is 240 count
abc is 240 count

ABC is Daily count

240 M is has also formed a big Morning start right at the Trendline , without taking out previous low.

Putting all this in perspective , it should take Euro to 1.3733 , and it will be in a 12345 wave on 240 min chart.
AAAH, on daily charts things are alot different... I don't trade long term but can tell you we will be dropping this week still seeing as we have unveiled all this recent bad news in EZ...

Good luck with that projection, I'm not moses so I don't try to know what everyone in the market is going to do, what news will come and where PA will take us in the next Month. I rather look at the next 2 - 5 hours
@pawpaw1000 on Twitter
  • #290,299
  • Sep 8, 2010 4:08pm Sep 8, 2010 4:08pm
hi guys. so far, everything worked as i thought it would. even the 15min-tl was respected... (chart1)

on the 4h-tf, the big wedge is divided in approx. half by mofu-zone and eu is nicely aligning with it. (chart2)
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2.gif Size: 20 KB
  • #290,300
  • Sep 8, 2010 4:13pm Sep 8, 2010 4:13pm
Quoting pawpaw1000
AAAH, on daily charts things are alot different... I don't trade long term but can tell you we will be dropping this week still seeing as we have unveiled all this recent bad news in EZ...

Good luck with that projection, I'm not moses so I don't try to know what everyone in the market is going to do, what news will come and where PA will take us in the next Month. I rather look at the next 2 - 5 hours
This is what i learned so far...

First when open your charts, you look in daily to determine the overall trend
Then you look in to 240 min , to find out , what is the trend for that particular day.

Once you have determined that, then you trade lower timeframes, 60 min or 15 min etc....
PPP - Patience Pays PIPS
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