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  • #321,721
  • Nov 9, 2010 12:41am Nov 9, 2010 12:41am
4 hour badly over sold, be cautious about shorting here
  • #321,722
  • Nov 9, 2010 12:42am Nov 9, 2010 12:42am
Quoting FibbinArchie
All of 'em PTL, I take entries from PA on M5 & M1 for scalping, sl to b/e asap,
And I couldn't really care less what anyone thinks of scalping, it suits my objectives and personality...

I like your style F/A....good luck
Look Sharp/Trade Tight
  • #321,723
  • Nov 9, 2010 12:43am Nov 9, 2010 12:43am
Quoting hindustani
4 hour badly over sold, be cautious about shorting here

1.38 is still possible though.
  • #321,724
  • Nov 9, 2010 12:44am Nov 9, 2010 12:44am
Quoting DMA Trader
nice chart.
well a long near 1.38 would have a very nice R/R
EUX looks ugly though. everyone would like a rally now. bulls and bears
yes. r:r ratio is very good for this counter trend trade. 3960 could be seen for this intraday setup.

I rarely go counter trend but just look at this r:r ratio.
  • #321,725
  • Nov 9, 2010 12:44am Nov 9, 2010 12:44am
It just entered the over sold area, it doesnt mean much in my book.....but badly oversold?

Quoting hindustani
4 hour badly over sold, be cautious about shorting here
  • #321,726
  • Nov 9, 2010 12:44am Nov 9, 2010 12:44am
Quoting PayTheLimit
bears will want 3853/55 to turn into resistance,
bears like that test....I'm keeping an eye on that area...

3834/36 trying to turn into some support...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 12 KB
Look Sharp/Trade Tight
  • #321,727
  • Nov 9, 2010 12:45am Nov 9, 2010 12:45am
Quoting Merry
LONG Opprtunity !



We may meet 73 again

might be an idea to see how it reacts on the ltl on h4... if it gets there
Attached Image (click to enlarge)
Click to Enlarge Name: eu4hr.jpg Size: 109 KB
  • #321,728
  • Nov 9, 2010 12:48am Nov 9, 2010 12:48am
I want to short EU but it's too low now, maybe good short gold on top...
  • #321,729
  • Nov 9, 2010 12:48am Nov 9, 2010 12:48am
Quoting T@rantula
Range trading can be done as a breakout trading. We wait for a breakout of either an outer or inner trendline or a channel.
partially agreed.

1. How about it have a false break out? like yesterday? Shaking?
2. Why not use higher TF to measure an overall trend then go with an entry at weekly or monthly s/r. Then hold n lock profit that profit if daily confirm to do so. That even better right?
3. The most important in our trade is EMOTION. How to control this emotion? Entry point? MM? Margin? Lot size?

anyway its just my 2 cent....good luck

g
  • #321,730
  • Nov 9, 2010 12:48am Nov 9, 2010 12:48am
Quoting PayTheLimit
I like your style F/A....good luck
Thanks, stopped for no loss and re-entered same level, the key is quick reflexes and stop to b/e asap... and you need to familiarise yourself with how price behaves on lower tfs for the particular pair you're trading (that takes a lot of screen time)...
  • #321,731
  • Nov 9, 2010 12:49am Nov 9, 2010 12:49am
I hold SELL LIMIT @ 1.3865 with TP 1.3800, SL 1.3910
  • #321,732
  • Nov 9, 2010 12:50am Nov 9, 2010 12:50am
H1 not closed yet but showing signs of rejection on its LTL... looks like it could be a long for me... gl
Attached Image (click to enlarge)
Click to Enlarge Name: h1.png Size: 65 KB
  • #321,733
  • Nov 9, 2010 12:50am Nov 9, 2010 12:50am
3835 being respected now..h/s formation on h4
  • #321,734
  • Nov 9, 2010 12:50am Nov 9, 2010 12:50am
Quoting courtt5
It just entered the over sold area, it doesnt mean much in my book.....but badly oversold?
dramatic effects
  • #321,735
  • Nov 9, 2010 12:51am Nov 9, 2010 12:51am
Long half a lot 1.3840. SL BE
  • #321,736
  • Nov 9, 2010 12:53am Nov 9, 2010 12:53am
is the culprit today...

I would like to c gold break 1396 for at least 1365 and drive all main as well especially EU n GU to my at least first target...

good luck guys

g
Attached Image (click to enlarge)
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  • #321,737
  • Nov 9, 2010 12:55am Nov 9, 2010 12:55am
Quoting courtt5
Half way there.......
morning buddie i made some green pips about 50 so far .
are you staying in or scalping .
i got in twice at 50 level
It's the 50 fib also and price has been bouncing 30 to 50 but am scalping short for the beak to "00"
really interested to see the reaction at 1.3800 to see if that massive support is still there like last time we were there.
I strongly feel we wont see 1.3900 after spending so much time there yesterday but if 1.3800 is still strong who knows.

We obviously had big buyers at 1.3900 if its the same at 1.3800 it says big dogs see long view from these levels.
The reaction at "00" is very important to me
making green pips large and red pips small this is my goal.
  • #321,738
  • Nov 9, 2010 12:55am Nov 9, 2010 12:55am
Quoting grashid
is the culprit today...

I would like to c gold break 1396 for at least 1365 and drive all main as well especially EU n GU to my at least first target...

good luck guys

g
They think they are smarter than I am.
  • #321,739
  • Nov 9, 2010 12:56am Nov 9, 2010 12:56am
I agree. First time in 3 days that's is valid intraday counter trend opportunity to at least yesterday low +/- 1.388x. Let see

sisse

Quoting T@rantula
yes. r:r ratio is very good for this counter trend trade. 3960 could be seen for this intraday setup.

I rarely go counter trend but just look at this r:r ratio.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #321,740
  • Nov 9, 2010 12:56am Nov 9, 2010 12:56am
Quoting T@rantula
yes. r:r ratio is very good for this counter trend trade. 3960 could be seen for this intraday setup.

I rarely go counter trend but just look at this r:r ratio.
yes. i was about to say 1.395 but after that. we may go down below 1.38.
what do you think ? for now bearish case would have to close daily below 1.395.
let's see

thanks
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