I took it and took my profit at 25 pips.
"Blue Horseshoe loves Anacott Steel!"
Nearly Naked (Simple Trades)
- #9,402
- Nov 11, 2010 6:23pm Nov 11, 2010 6:23pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
nice....so you caused that spike up by clicking the BUY button... hehe
Besides being support I was looking at the M30 mainly and when I saw it hit the lower BB I took the trade. Look at the H4 and you'll see how close it came to the 95sma. Darn, looking at it now I should have held on! Oh well, take profit when you have it is my MO.
Time for dinner!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #9,403
- Nov 11, 2010 6:28pm Nov 11, 2010 6:28pm
I wish.
Darn, looking at it now I should have held on! Oh well, take profit when you have it is my MO.
Time for dinner!
Bon appetit.Take what you can get. Just shy of parity again it can spike around up there some more.
Bedtime here..
see you!
"Blue Horseshoe loves Anacott Steel!"
- #9,405
- Edited 8:50pm Nov 11, 2010 8:40pm | Edited 8:50pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
Morning Marc
Good sleep im a little refreshed
ive got a channel on the 15m. Fib just below you 9940 prediction which I think we may have already hit.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #9,406
- Nov 11, 2010 9:32pm Nov 11, 2010 9:32pm
Good morning. Ya, that 9940 area sure looks like its going to hold. I'd like to see a better candle forming on the H4 though. Let's hope this isn't a new range for the next several days. I hate ranges!
With your 35MA i also have all my RSI pointing down. Ive been using RSI this past few weeks and ive found it really helps.
Have you used iRSI at all Marc?
- #9,407
- Nov 11, 2010 10:23pm Nov 11, 2010 10:23pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
Haha Ive actually been doing really well off the range. Tight stops and lots of scalping.. Just scalped again off the 50% at 9932. But i have had some moves against me. Must say as a whole my trading has been alot better this week
With your 35MA i also have all my RSI pointing down. Ive been using RSI this past few weeks and ive found it really helps.
Have you used iRSI at all Marc?
It almost hit the D S1 and W S1 down here... I would have taken a quick long but it came within a pip or two so it's a "no go" in my playbook now.
Time for bed. I'll see you tomorrow!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #9,409
- Nov 11, 2010 11:42pm Nov 11, 2010 11:42pm
Heya Flow...
I was riding the EUR/CHF UP from 1.29 and got out at 1.38.. I wanted to make this my first 1000 pip trade But market wasn't willing to give them to me yet
Joined the ride down a lil bit and still short at the moment. But looking for an opportunity to jump back into longs.
We bounced from the 1.3250 level today.= previous area of support.
Seems we will close the day above 50fib of the upmove @ 1.33.
So I see your reasons to go long here already. Considering to do so as well at the moment. (Especially with the strong bullish div on...
I'm really impress with the way you guys can hold on to a trade for this long. 1000 pips man.. I'd be drooling in sleep.
May the pip flow with you
- #9,410
- Nov 12, 2010 12:21am Nov 12, 2010 12:21am
Many thx Turner! That was very insightful. If I'd seen the bigger picture like you did, I'd hold on to the thought till it test .618 FIB and the TL.
I'm really impress with the way you guys can hold on to a trade for this long. 1000 pips man.. I'd be drooling in sleep.
Nothing is sure in this game. So we might not see the 61.8 fib and you are right on your entry at the 50fib. Just keep to a reasonable risk on every trade and play the odds.
To be honest I didn't ever hold a trade that long before. Just one small part of the original position was still on the table. Added to my longs several times and cashed some in on the way up there. Was tempted so often to close the position earlier and really had to force myself not to do so...
(what helped in my case is that I was on vacation for 3 weeks with the trade saved at BE....
)I got out of most of the shorts now... and prepared to go for longs as well.
Question is the SL if I enter here and not at my original level I planned. Maybe just take this as a "first" shot with a tight stop below yesterdays low. If it doesn't hold wait for the 61.8 or trendline for the next shot.
So you are in a Long already now? where did you enter and what is your SL?
"Blue Horseshoe loves Anacott Steel!"
Hey Flow.
Nothing is sure in this game. So we might not see the 61.8 fib and you are right on your entry at the 50fib. Just keep to a reasonable risk on every trade and play the odds.
To be honest I didn't ever hold a trade that long before. Just one small part of the original position was still on the table. Added to my longs several times and cashed some in on the way up there. Was tempted so often to close the position earlier and really had to force myself not to do so...
(what helped in my case is that I was on vacation for 3 weeks with the...
.
May the pip flow with you
- #9,415
- Nov 12, 2010 2:23am Nov 12, 2010 2:23am
Got stopped out
Nasty spike down just to find buyers again there.
As I said yesterday.. Market can be a b*tch sometimes
1.3250 - 60 seems to hold once again. A close below that (H1 or maybe H4) is needed to bring this pair down to my area of interest...
So patience is what we need. Both for the targets and the entries of our trades sometimes...
"Blue Horseshoe loves Anacott Steel!"
- #9,417
- Nov 12, 2010 5:24am Nov 12, 2010 5:24am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #9,419
- Nov 12, 2010 5:46am Nov 12, 2010 5:46am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
Morning Marc
Ive been scalping a few pips. been little crazy.
possible move to 9800?
I just made my quota for the day...I should walk away since it's Freaky Friday!
Looking at the H4 chart I don't see any support at 9800. With that said I wasn't expecting it to reach 9850 over night. I wish I had held onto a short a 1.00! My H4 Stochs turned upwards...take a look at the chart I posted above. I'd be weary of taking another short here. I really think it's due to retrace upwards now. By the way...before I went to bed last night I said that price had came within 2 pips of of the D S1 and W S1. Typically I would have taken a quick long at those two supports but since it came within a pip or two on my M15 it was a "no go" on my playbook once it was to hit them for sure. When it did hit it blew right through the support. I've witnessed this type of action over and over again... just sharing a little experience!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
