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  • #328,521
  • Nov 18, 2010 8:19am Nov 18, 2010 8:19am
Quoting onewish
I'm seeing strong buying at these levels, can any experienced traders confirm this please
bears are still in control in all time frames imo 3589 level to break abd its right on my 50% fib level from the move up from asia yesterday night.
  • #328,522
  • Nov 18, 2010 8:19am Nov 18, 2010 8:19am
Quoting onewish
thx for response, will look again

Right now we are ranging 3580-3611, my earlier trigger and target levels. Overall, bias still South. Let the big boys fight over the bone and follow them once direction is confirmed.
  • #328,523
  • Nov 18, 2010 8:21am Nov 18, 2010 8:21am
Well, things went well for me today except the stupid virus that destroy my posting computer.... I just closed the intraday part of my short & leaving the daily half to see if pans out. Chart update later when i finish reinstalling everything.


sisse


Quoting sisse
Good luck kuroro but the intraday play I posted a few minutes ago is about to confirm so we may be in different sides if I have a rejection in the next few mins/hours....

Chart update. Lets see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #328,524
  • Nov 18, 2010 8:22am Nov 18, 2010 8:22am
Quoting PhAnTi'
psych lvl got killed.... now targeting for 3550 lvl
Do you think we will see 1.3450 in NY later on? after break 1.3550?
  • #328,525
  • Nov 18, 2010 8:24am Nov 18, 2010 8:24am
h&s m30 we might be ranging here for a couple of hours may be until it is all clear.
red line 200 ema
black line 50 ema
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #328,526
  • Nov 18, 2010 8:27am Nov 18, 2010 8:27am
Quoting Pipwanderer
h&s m30 we might be ranging here for a couple of hours may be until it is all clear.
can you please show me where is the H&S on the chart ?
I SEE YOU !!
  • #328,527
  • Nov 18, 2010 8:27am Nov 18, 2010 8:27am
They dont want 3600 to be above.
Know when to hold em, Know when to fold em!
  • #328,528
  • Nov 18, 2010 8:28am Nov 18, 2010 8:28am
Quoting dbfusion
can you please show me where is the H&S on the chart ?
just posted it
  • #328,529
  • Nov 18, 2010 8:29am Nov 18, 2010 8:29am
Quoting Decimal
Hi chaps,

I am posting this as a call for help I guess and would be very grateful to receive any direction/proposals for those senior contributors who are willing/prepared to assist me.

My general personal history, is that I am English, 40, married, kids, live in Spain and want to earn my living trading forex. I started this journey in February this year and foolishly deposited £250,000 in a Oanda account and made a few stupid mistakes like trading cable into news announcements at £1K a pip. As found very quickly spreads widen and direction...
Direction



if you want a raw model without all the jazz visit thread - Price is everything under trader discussion - a thread of Price Action traders





Red
  • #328,530
  • Nov 18, 2010 8:30am Nov 18, 2010 8:30am
Quoting cloggie
Right now we are ranging 3580-3611, my earlier trigger and target levels. Overall, bias still South. Let the big boys fight over the bone and follow them once direction is confirmed.

If that thing goes north that means that we have a repositioning of the buy orders of the big boys at the 3580?? and if it goes south that the 3450 as strong as it was?
  • #328,531
  • Nov 18, 2010 8:31am Nov 18, 2010 8:31am
Quoting Pipwanderer
just posted it
there is no H&S there.

i don't see left nor right shoulder .
no head.

just higher highs then the inevitable drop .

excuse me , but there is no H&S whatsoever on any TF .
I SEE YOU !!
  • #328,532
  • Nov 18, 2010 8:32am Nov 18, 2010 8:32am
what for a lame day on the european stock markets - huge gain but no volatility
Pecunia non olet
  • #328,533
  • Nov 18, 2010 8:34am Nov 18, 2010 8:34am
Quoting dbfusion
there is no H&S there.

i don't see left nor right shoulder .
no head.

just higher highs then the inevitable drop .

excuse me , but there is no H&S whatsoever on any TF .
m 30 the right one is in formation. at least that is what i see... i am going with my gut. and what my eyes see. just my opinion. i thought it iwll be nice to share what i see on my chart.

i might be wrong who knows we are all speculating
  • #328,534
  • Nov 18, 2010 8:34am Nov 18, 2010 8:34am
This pair is just in love with the 200EMA on the M5.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_200ema.gif Size: 38 KB
  • #328,535
  • Nov 18, 2010 8:35am Nov 18, 2010 8:35am
time for a break. cu later.
  • #328,536
  • Nov 18, 2010 8:36am Nov 18, 2010 8:36am
Quoting Pip to Pip
If that thing goes north that means that we have a repositioning of the buy orders of the big boys at the 3580?? and if it goes south that the 3450 as strong as it was?
What the books tell me

Dont think alot of people see this I see alot of folks here shorting, Look at the daily chart!!! THis run is just beginning perhaps?

Buy dips right?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 42 KB
Know when to hold em, Know when to fold em!
  • #328,537
  • Nov 18, 2010 8:38am Nov 18, 2010 8:38am
Quoting Decimal
Hi chaps,

I am posting this as a call for help I guess and would be very grateful to receive any direction/proposals for those senior contributors who are willing/prepared to assist me.

My general personal history, is that I am English, 40, married, kids, live in Spain and want to earn my living trading forex. I started this journey in February this year and foolishly deposited £250,000 in a Oanda account and made a few stupid mistakes like trading cable into news announcements at £1K a pip. As found very quickly spreads widen and direction...

Here is my recomendation, take it as you like.

First, close down your account and deposit your funds in a safe vehicle, such as bonds or even NSANDI. Right now you are in the wrong frame of mind to ever recoup your losses, each and every trade has such a fear factor attached to it that it will cloud your judgement.

Then start from scratch, find something that suits your personality. Start of with asking yourself what kind of trader you want to be, scalper, intraday, swing, position etc.

Then troll the net to find something that suits your chosen trader style and your personality, find something that gives you an edge, shy away from indies and start by looking at price behaviour first.

Then open a $3,000 demo account and with just risking 0.1% per trade try to double it. That should give you a statistically large enough sampling of your trading style to see if it gives you the edge you are after.

Then write it all down in a logical format and go back to a small live account of $10,000 and give yourself a steady return over a few months.

Then go back to where you are now.

You need to build yourself up from scratch, yes there is money to be made in this, but you need to approach it as a business.

Good luck.
  • #328,538
  • Nov 18, 2010 8:38am Nov 18, 2010 8:38am
Attached Image
  • #328,539
  • Nov 18, 2010 8:39am Nov 18, 2010 8:39am
Never to neglect anybody , I neglected 3588 & now it trying for pullback but apparently at odd place to do that .lets see .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 7 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #328,540
  • Nov 18, 2010 8:41am Nov 18, 2010 8:41am
Quoting Pip to Pip
If that thing goes north that means that we have a repositioning of the buy orders of the big boys at the 3580?? and if it goes south that the 3450 as strong as it was?

Yup, with 3550 in the middle of it, the big boys are setting themselves up for a longer term direction here.
3450 has already shown itself as staying there for a while. It needs to find the next major support now as we have seen no real resistance yet there is still more room to the upside.

3670 could well become that resistance, but it has not shown us any fight over it yet.
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