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EURUSD

  • #322,881
  • Nov 10, 2010 3:47am Nov 10, 2010 3:47am
Quoting amasat
buy on M15
for intraday that's completely okay.
  • #322,882
  • Nov 10, 2010 3:47am Nov 10, 2010 3:47am
Quoting dejv
question to all who went short yesterday at 1,3972: why you decided to do so? what was the trigger?

something more than candles?

thanks in advance!
Fib extension (can't remember details), retest of high and tick vol analysis for me, can't speak for anyone else...
  • #322,883
  • Nov 10, 2010 3:49am Nov 10, 2010 3:49am
Quoting FibbinArchie
Fib extension (can't remember details), retest of high and tick vol analysis for me, can't speak for anyone else...
Wasn't it daily pivot as well?
  • #322,884
  • Nov 10, 2010 3:50am Nov 10, 2010 3:50am
Quoting dejv
question to all who went short yesterday at 1,3972: why you decided to do so? what was the trigger?

something more than candles?

thanks in advance!
i sold the 1.3935 level and told people i am going to short 1.395. area.
but i was trying to be in the trade and not lose the trade for a few pips. targeting 1.38

so my reasons where i'm looking on a 4h chart and chart looks bearish i.e. lower highs, lower lows. now you need to find former support turned into resistance.
same thing i'm looking for 1.387 area +- some pips. or near the M. Pivot

trendlines also help so area was last demand zone turned into supply.
we had a new low yesterday so that's bearish too.

i wouldn't jump into selling now at any price because we already had a huge drop that attract daily even weekly bulls.

so patience needed.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #322,885
  • Nov 10, 2010 3:51am Nov 10, 2010 3:51am
Long @3814
TP:3863
SL:37660

reason ... a hunch
  • #322,886
  • Nov 10, 2010 3:51am Nov 10, 2010 3:51am
Quoting DMA Trader
there is some bullish momentum in 15m charts.
let's see 1H closing. but i am targeting 1.387 area today for sell. very close to daily support. trend is on your side. but short time frame have some bulls
imho.

what's your target ?
look at this chart. Thats h1 chart. That same TL is on m15 chart when u switch from h1 to m15. If u make a swing projection at 80% we could easily see a retest of todays lows then break to 3650.

Since I almost always enter trades with 1 lot I have closed a part at 3790. My stops are at BE for other portion.

And we are moving sideways yes. Daily is up, hourly is down, weekly range.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 23 KB





If we go STRICTLY with the trend projection expands to app 3650.
  • #322,887
  • Nov 10, 2010 3:51am Nov 10, 2010 3:51am
long 3812, sl 3780, tp 3832...
Look Sharp/Trade Tight
  • #322,888
  • Nov 10, 2010 3:52am Nov 10, 2010 3:52am
Quoting T@rantula
The chart speaks for itself.

3818 sold.

Attachment
Now in this post you can see the trendline has been drawn to fit the arrogant statement posted "its all in the chart ".

I just want to show that i call a spade a spade .

I'am not as experience as tarantula and he is probably great trader but this post i disagree with .
If you still feel i am a child after posting a statement and backing it up with evidence, i cannot further defend my statement .

If taratula would like to post a chart with closer view that proves me wrong I will apologies .

Can you tarantula have i missed something ?
making green pips large and red pips small this is my goal.
  • #322,889
  • Nov 10, 2010 3:54am Nov 10, 2010 3:54am
Quoting T@rantula
look at this chart. Thats h1 chart. That same TL is on m15 chart when u switch from h1 to m15. If u make a swing projection at 80% we could easily see a retest of todays lows then break to 3650.

Since I almost always enter trades with 1 lot I have closed a part at 3790. My stops are at BE for other portion.

And we are moving sideways yes. Daily is up, hourly is down, weekly range.

If we go STRICTLY with the trend projection expands to app 3650.
1.365 would be really something hard to get.

we'll see
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #322,890
  • Nov 10, 2010 3:54am Nov 10, 2010 3:54am
Quoting paul1
Now in this post you can see the trendline has been drawn to fit the arrogant statement posted "its all in the chart ".

I just want to show that i call a spade a spade .

I'am not as experience as tarantula and he is probably great trader but this post i disagree with .
If you still feel i am...
you shouldn't try to do what cloggie can do, case closed for me.
  • #322,891
  • Nov 10, 2010 3:56am Nov 10, 2010 3:56am
Quoting paul1
I apologise I will post what i believe to be a correctly drawn trendline and no arrogant comment here

Its not my chart but in thios post.
Dear Paul

Though my feelings was that the price tested that trendline drawn there and have draw a channel too where price bounced from that channel line and it toughed the trendline which act as support untill now... as you can see there i have pointed a signal that i got to go long.... i still lack a discipline on trading and just try to exit with small profit of 20-25 pips on profitable trade which sucks really hard and need to learn lot lot more regarding being a disciplined trader........

Every one of us will learn here what i hope..... and comments of friendly traders are as always welcome.........

All traders have different view of looking into the market... based on their chart.....................

We have a very good trader around us and sure we will learn more from them........
  • #322,892
  • Nov 10, 2010 3:58am Nov 10, 2010 3:58am
Quoting Mr Hatch
for intraday that's completely okay.
yes & apologies for my late reply
  • #322,893
  • Nov 10, 2010 3:58am Nov 10, 2010 3:58am
Quoting DMA Trader
1.365 would be really something hard to get.

we'll see
Hard yes, because we dont have a strict TRENDING except on h1 and m30. Its hard for me to make an intraday call with a strict target price If i notice sideways movement. But its ok to get 30-40 pips u agree i guess
  • #322,894
  • Nov 10, 2010 3:59am Nov 10, 2010 3:59am
Quoting PayTheLimit
long 3812, sl 3780, tp 3832...
out at 3810...-2
Look Sharp/Trade Tight
  • #322,895
  • Nov 10, 2010 4:01am Nov 10, 2010 4:01am
I don't think anybody took the short from the ultimate high and ride it to the ultimate low. In my case was a case of rejection of swing high (that was LH) in a clear downtrend LH / LL (H4 charts) that confirmed the move. Filling was a lot later and it was on the rejection of the hourly highs with trigger @ 1.3938.

As you can see, some traders here took it before confirmation and I and some others took it after.

IMO, no approach is better or worst, whatever suit you. In my case, sometimes I can miss the train but thats the cost of reducing drawdowns...nothing is free in trading.

I hope it helps

sisse
Quoting dejv
question to all who went short yesterday at 1,3972: why you decided to do so? what was the trigger?

something more than candles?

thanks in advance!
Pending conversations? PM for a chat...I am mainly in OTM now
  • #322,896
  • Nov 10, 2010 4:01am Nov 10, 2010 4:01am
long 3810

tp 3820 st 3790
  • #322,897
  • Nov 10, 2010 4:02am Nov 10, 2010 4:02am
Quoting PayTheLimit
out at 3810...-2
am 3819 & still
  • #322,898
  • Nov 10, 2010 4:03am Nov 10, 2010 4:03am
silver 28
gold above 1400
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #322,899
  • Nov 10, 2010 4:04am Nov 10, 2010 4:04am
Quoting PayTheLimit
out at 3810...-2
do you think, it could make sense if you switched to candlesticks?
when i see your exits, i often spot a certain pattern that i cannot see when looking at a bar chart.
Attached Image
  • #322,900
  • Nov 10, 2010 4:06am Nov 10, 2010 4:06am
Quoting Redbeard
long 3810

tp 3820 st 3790
u know that u go for 2:1 risk reward?
Hero calls followed by margin calls...
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