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  • #309,861
  • Oct 19, 2010 11:06am Oct 19, 2010 11:06am
Quoting roxen99
it has already traveled its distance fr the day.. now we have to wait and see the bulls reaction
bearish already take control since below 1.37878 point of my veiw
be patient, self-belief and discipline... stay focus...
  • #309,862
  • Oct 19, 2010 11:06am Oct 19, 2010 11:06am
Quoting roxen99
we should better wait to see who is right
I don't have any position open now...My target 1.3776 was hit ...+127 pips...I am waitng late Asia/London for new trades...
Until then you have a good time...
The Market pays you to be disciplined
  • #309,863
  • Oct 19, 2010 11:06am Oct 19, 2010 11:06am
This is the first lower low, in a LONG time.
  • #309,864
  • Oct 19, 2010 11:06am Oct 19, 2010 11:06am
Quoting roxen99
it has already traveled its distance fr the day.. now we have to wait and see the bulls reaction

why do you think it has "traveled its distance for the day".....if there are sellers to keep pushing it they will search for liquidity as deep as needed.....
  • #309,865
  • Oct 19, 2010 11:06am Oct 19, 2010 11:06am
Gone long for a few pips 1.3742
Disclaimer: Check your 1m charts
  • #309,866
  • Oct 19, 2010 11:08am Oct 19, 2010 11:08am
Had a terrible day... went long when should've been short! aiaiai...

1) removed sl

2)went in with triple normal size

3) Luckily I have a very small micro account and havent put in my lifes savings yet
@pawpaw1000 on Twitter
  • #309,867
  • Oct 19, 2010 11:09am Oct 19, 2010 11:09am
Quoting roxen99
it has already traveled its distance fr the day.. now we have to wait and see the bulls reaction
there is no such thing "its distance"
  • #309,868
  • Oct 19, 2010 11:09am Oct 19, 2010 11:09am
k guys gud luck im out.... leave my 2 position risk/reward mangment....see u later n take care trading
be patient, self-belief and discipline... stay focus...
  • #309,869
  • Oct 19, 2010 11:10am Oct 19, 2010 11:10am
EURO TIMBER!!!!!!!!!!!!!!!, GO DOLLAR< LOL!!!!!!!!!!!

Inserted Video
  • #309,870
  • Oct 19, 2010 11:11am Oct 19, 2010 11:11am
Quoting pawpaw1000
Had a terrible day... went long when should've been short! aiaiai...

1) removed sl

2)went in with triple normal size

3) Luckily I have a very small micro account and havent put in my lifes savings yet
hope that the next time it gets better
Pecunia non olet
  • #309,871
  • Oct 19, 2010 11:11am Oct 19, 2010 11:11am
Dam, was looking at the 1min instead of the 15min. Down -10

Quoting pipper
Gone long for a few pips 1.3742
Disclaimer: Check your 1m charts
  • #309,872
  • Oct 19, 2010 11:11am Oct 19, 2010 11:11am
Quoting roxen99
hahah...im talking abt higher TF my frnd
it was 20% overbought on the weekly tf.. at 4153.. between 2981 and 3981 we are normal... once the the outer edge of one os hit we tend to bounce back to the other.. that opens up 2981 and possible 1881.. since 2008 we take 2 steps forward then one back... 2 steps forward now puts 1881 on the radar.. add in ma drift and it threatens this years low plus slippage. all fit a 11 year trend in the euro ma pa..
those who can, do. those who cant, talk about those who can
  • #309,873
  • Oct 19, 2010 11:12am Oct 19, 2010 11:12am
the speed of movement these past days is astonishing. i remember this spring if we were let's say in a range, people set their trades in the morning and after ny-session took their pips... it's different now.

are there rumors that money will no longer be there in the future?
  • #309,874
  • Oct 19, 2010 11:12am Oct 19, 2010 11:12am
WOW , 136 on deck, hope you longs covered, lol
  • #309,875
  • Oct 19, 2010 11:12am Oct 19, 2010 11:12am
Quoting paul1
looks like a bit of turbulance at 1.3782 and 1.3770.
But after that should be nice ride .

Can i just add oscillators are pretty useless in trends eg stochs and such for overbought /sold.

ok for ranging market .i dont use any myself but i did used to.
Hi Paul
When looking at levels for S and R (whatever the chart, say 1h, 4h or daily) what units do you think are best to use, e.g. 120 units (seems to be an automatic no on my charts) or month(s), year.
It was a sudden and pleasant surprise one trading day a few months back when I twigged what people were talking about when they quoted their S/R figures - or rather, when I realised that I could actually see areas of S/R as well.
Just that sometimes when I am reading the forum news, taking note of what some of the worthy names are saying I sometimes come up with a number that's almost the same, one that's close enough or maybe something that I may not have considered since on my chart it is part of a continuing candle. Brings me to think that the units are just as important as the tf.

Better still, the EU bear is on the move again so a few more pips to my collection. This is the first day, first ever trade, that I have placed and allowed to just do its own thing - hoping that it would grow more pips than my usual scalping. I did give it technical consideration , but decided that win or lose, I had to let it run. So far so good ......
  • #309,876
  • Oct 19, 2010 11:13am Oct 19, 2010 11:13am
Quoting gatorinla
it was 20% overbought on the weekly tf.. at 4153.. between 2981 and 3981 we are normal... once the the outer edge of one os hit we tend to bounce back to the other.. that opens up 2981 and possible 1881.. since 2008 we take 2 steps forward then one back... 2 steps forward now puts 1881 on the radar.. add in ma drift and it threatens this years low plus slippage. all fit a 11 year trend in the euro ma pa..
All that is left in FF is just plain garbage. "Cloggie"
  • #309,877
  • Oct 19, 2010 11:14am Oct 19, 2010 11:14am
So what will be then Sydney open?
  • #309,878
  • Oct 19, 2010 11:14am Oct 19, 2010 11:14am
next mentionable support i have is 3650-30 then 3584

heiken ashi daily producing a second red candle larger than the first.....
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  • #309,879
  • Oct 19, 2010 11:14am Oct 19, 2010 11:14am
HUGE MOVE TODAY, EURO IS DONE FOR NOW, 130 next week or sooner, lol
  • #309,880
  • Oct 19, 2010 11:15am Oct 19, 2010 11:15am
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be patient, self-belief and discipline... stay focus...
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