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  • #296,081
  • Sep 24, 2010 8:31am Sep 24, 2010 8:31am
Quoting Shah22
short again at 3458, with 15 pips sl.. tp at 3425

I am with you Shah....first trade on Euro today...also short from .3457

Watch the charts! Watch for the news....I may close position before news.
I don't trust any move - when you have profit...take it.
  • #296,082
  • Sep 24, 2010 8:31am Sep 24, 2010 8:31am
Speaking of gaps-look at April 9 -11 on daily/Maybe we are headed to 600 to fill that
unless my meta chart is messed
  • #296,083
  • Sep 24, 2010 8:35am Sep 24, 2010 8:35am
  •  Pipalot
  • | Joined Sep 2010 | Status: Going with the flow of the markets | 79 Posts
Guys look back to the 7th June (start of a Bullish move). There was a whole host of downward moves within the main Bullish trend. Throughout that whole upwards move, which actually completed around the 9th Aug where you all picking tops on that one as well? I bet you didn't think it would rise that far then did you. So my point is this - the move is going upwards, let it go up until there is a definite move down, then you can all get excited again and start calling bottoms.

I'm not trying to be arsy here, i'm just trying to help, as i have been trading for quite some time and this is exactly what i used to do at the beginning many, many moons ago.

Never forget 95% of retail traders fail, so take in what people are posting on here and do the opposite (won't work all of the time, but you catch my drift), the probabilities/odds are definitely in your favour that way.

Good luck to all.
  • #296,084
  • Sep 24, 2010 8:36am Sep 24, 2010 8:36am
Quoting Faller
I am with you Shah....first trade on Euro today...also short from .3457

Watch the charts! Watch for the news....I may close position before news.
you know i always like to enter against the trend..short tf says it is up still.. but i dont why my hourly still mentioned me down.. i will keep that trade during news too and if unfortunately my sl hit.. then i plan to re-enter again on 3478..which is my last major level for today..wish you good luck brother...
  • #296,085
  • Sep 24, 2010 8:38am Sep 24, 2010 8:38am
so take in what people are posting on here and do the opposite---> OK I'm going short lol
  • #296,086
  • Sep 24, 2010 8:41am Sep 24, 2010 8:41am
Quoting pippenn
Seem fishy to me too Boss. Where is the correction?
Yeah but bull has to pay a lot ultimately , watching 3466 , why price taking a nap at this level ? I have long now ! it can even stop 3rd of 5th & go correction again 3362 level more or less .wish more up as it itself started .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,087
  • Sep 24, 2010 8:43am Sep 24, 2010 8:43am
Quoting Pipalot
I bet you didn't think it would rise that far then did you.
sure you wanna bet?

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  • #296,088
  • Sep 24, 2010 8:43am Sep 24, 2010 8:43am
For reference

Bulls are control (RSI up > 50 while Stoch or similar indicator down/declining) in every timeframe smaller than monthly and near 50% on it as well....so let them get exhausted first and then short.

1/5min might give some clue when that happens....would wait news first.
They think they are smarter than I am.
  • #296,089
  • Sep 24, 2010 8:44am Sep 24, 2010 8:44am
Quoting zaphy
You spoke my mind. I've been toying with a long since 1.34 but couldn't bring myself to buy. I have missed most of this party, I know it wants to go up, yet not convinced.
yeah , just to carefull for ourselves , market play us anyway .
watch 3466-70 , only break I will go for 3500 , otherwise may short again for 3362.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,090
  • Sep 24, 2010 8:45am Sep 24, 2010 8:45am
Quoting Shah22
you know i always like to enter against the trend..short tf says it is up still.. but i dont why my hourly still mentioned me down.. i will keep that trade during news too and if unfortunately my sl hit.. then i plan to re-enter again on 3478..which is my last major level for today..wish you good luck brother...
Shah....I took profit...10 ticks - do not like the PA....will wait till after news...for re-entry.
I don't trust any move - when you have profit...take it.
  • #296,091
  • Sep 24, 2010 8:45am Sep 24, 2010 8:45am
Quoting Shah22
short again at 3458, with 15 pips sl.. tp at 3425
3439 is the resistance if broken 20/30pips can be to the down side may be expected but selling above the resistance is like killing your self. Just my opinion.
  • #296,092
  • Sep 24, 2010 8:45am Sep 24, 2010 8:45am
Quoting Faller
Shah....I took profit...10 ticks - do not like the PA....will wait till after news...for re-entry.

Wow....glad to stepped aside of that little freight train....
I don't trust any move - when you have profit...take it.
  • #296,093
  • Sep 24, 2010 8:47am Sep 24, 2010 8:47am
Quoting Z3iz3i
For reference

Bulls are control (RSI up > 50 while Stoch or similar indicator down/declining) in every timeframe smaller than monthly and near 50% on it as well....so let them get exhausted first and then short.

1/5min might give some clue when that happens....would wait news first.
not all my stochs say down just yet
  • #296,094
  • Sep 24, 2010 8:48am Sep 24, 2010 8:48am
Quoting Faller
Wow....glad to stepped aside of that little freight train....
it is just to hit some short stop losses and will go back down again. It would have touched your sl?
  • #296,095
  • Sep 24, 2010 8:50am Sep 24, 2010 8:50am
Quoting Fly2
not all my stochs say down just yet
RSI is prior to Stoch......Stoch is bad with volume buys and big moves, not really accurate.
They think they are smarter than I am.
  • #296,096
  • Sep 24, 2010 8:51am Sep 24, 2010 8:51am
nice spike on 5min
  • #296,097
  • Sep 24, 2010 8:51am Sep 24, 2010 8:51am
Quoting svet_an
it is just to hit some short stop losses and will go back down again. It would have touched your sl?

10 tick stop loss....so yes...it would have taken me out....this way I have profit of 10 ticks.....and the price action is still above my initial short position......will watch the news.....then look for re-entry.
I don't trust any move - when you have profit...take it.
  • #296,098
  • Sep 24, 2010 8:51am Sep 24, 2010 8:51am
  •  Pipalot
  • | Joined Sep 2010 | Status: Going with the flow of the markets | 79 Posts
Quoting T@rantula
sure you wanna bet?

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LOL well done.
  • #296,099
  • Sep 24, 2010 8:52am Sep 24, 2010 8:52am
Quoting Pipalot
LOL well done.
its called positive reversal
  • #296,100
  • Sep 24, 2010 8:52am Sep 24, 2010 8:52am
If new home sales are negative of forecast e/u can move up to 1.35xx?

Sorry for my bad english!

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