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  • #322,021
  • Nov 9, 2010 8:13am Nov 9, 2010 8:13am
Quoting geniusztc
please ,,,, go long .


nahhh
  • #322,022
  • Nov 9, 2010 8:13am Nov 9, 2010 8:13am
Thankyou all very much for your feed back on my thoughts .
Its all helping me.
making green pips large and red pips small this is my goal.
  • #322,023
  • Nov 9, 2010 8:14am Nov 9, 2010 8:14am
Quoting disegnosys
True, but if you catch a very good price at a major key level it could work.
On occassion......yes.
As a means to ensure consistent profits...........no.
  • #322,024
  • Nov 9, 2010 8:16am Nov 9, 2010 8:16am
Quoting mfoste1
nahhh
I don't think it'll happen. We're going down in my view. Back to the upside after reaching 650ish later this week. Then we shall fly to new highs!
  • #322,025
  • Nov 9, 2010 8:17am Nov 9, 2010 8:17am
Quoting mfoste1
nahhh
..oh boy

watch ur H1 n H4 ...chiow ......
  • #322,026
  • Nov 9, 2010 8:18am Nov 9, 2010 8:18am
A few bulls in the crowd. Nobody worried about the H&S forming? I think PA confirmation is the only thing that will get me into a long, though my long from earlier at the 4Hr trend line bounce worked out quite well.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #322,027
  • Nov 9, 2010 8:19am Nov 9, 2010 8:19am
Quoting grashid
..oh boy

watch ur H1 n H4 ...chiow ......
Hi, is that a bearish Hammer forming on H4? how significant is it please?
  • #322,028
  • Nov 9, 2010 8:19am Nov 9, 2010 8:19am
on very short term moves.

1.39 - 1.3905 support
1.393 resistance.

let's see where it wants to go 1st
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #322,029
  • Nov 9, 2010 8:19am Nov 9, 2010 8:19am
we have 2h left to 4h candle closure!

a lot could change during that time...
  • #322,030
  • Nov 9, 2010 8:20am Nov 9, 2010 8:20am
Could someone explain please why even though we got real bad results for the GBP news earlier... the Pound rally right after the news?
  • #322,031
  • Nov 9, 2010 8:21am Nov 9, 2010 8:21am
Quoting DMA Trader
i'm short almost same level. i like it when we are going on same direction. 4h rejected might go down. 15m loosing momentum to the downside.

jump in my boat bro'
wait are u long or short? im long ;0
  • #322,032
  • Nov 9, 2010 8:21am Nov 9, 2010 8:21am
I like at action on this 15min thus, I'll fire a long scalp off if we get a strong close....
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #322,033
  • Nov 9, 2010 8:22am Nov 9, 2010 8:22am
Quoting Vladimir1987
we have 2h left to 4h candle closure!

a lot could change during that time...
my broker (ALpari UK) has it as 37 minutes to close of 4H candle!
  • #322,034
  • Nov 9, 2010 8:22am Nov 9, 2010 8:22am
There are Technicians who will be thankful to those poor folks who take long trades off positive news, and shorts on negative ones. A friend of mine recently went to one of those expos and was pleased to see how they "groom" a future crowd of those news traders
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #322,035
  • Nov 9, 2010 8:24am Nov 9, 2010 8:24am
Quoting Arona
Could someone explain please why even though we got real bad results for the GBP news earlier... the Pound rally right after the news?
well you can argue about expectation (for the news) being in the price.
second right now USD sold across the board.

then third main reason for GBP strength is based on the good GDP numbers from last week which makes most of the traders/analysts not to expect Q.E. this year

BOE doing more QE just like the FED was the main reason the pond got sold big time last weeks before GDP.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #322,036
  • Nov 9, 2010 8:24am Nov 9, 2010 8:24am
i think the best time is GMT for that that is what i think...


didnt know sorry
  • #322,037
  • Nov 9, 2010 8:24am Nov 9, 2010 8:24am
Quoting grashid
..oh boy

watch ur H1 n H4 ...chiow ......
are your's looking differently?

the daily sucks, though... but that could have been expected.
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  • #322,038
  • Nov 9, 2010 8:24am Nov 9, 2010 8:24am
Yup - I switched horses as well. Liked 5 & 15m PA & Fib retrace.

Quoting PayTheLimit
I like at action on this 15min thus, I'll fire a long scalp off if we get a strong close....
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #322,039
  • Nov 9, 2010 8:24am Nov 9, 2010 8:24am
Quoting cloggie
If 3916 goes, which was a good target retrace of the shooting star, then I have my eye on 3886. Price is still liking that 3916, plenty of traders had their eyes on that one. I haven't seen any buyers yet, the sellers just stopped selling here.
ok , looking smaller tf , expecting pa this way .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #322,040
  • Nov 9, 2010 8:25am Nov 9, 2010 8:25am
Quoting Guitarfx
On occassion......yes.
As a means to ensure consistent profits...........no.
Yes, you could with a strategy picking major key levels with tight stops (small losers) and letting profits run (big winners). A win ratio of 3:1 or better winning 40% of the time would still be profitable. Of course I'm not saying its easy to do. I have done it sometimes.
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