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  • #329,101
  • Nov 19, 2010 7:15am Nov 19, 2010 7:15am
Quoting PayTheLimit
I did nothing today, and I'm calling it a week. Good luck, and have a good weekend, PTL
Same here...nothing today...and good week as well.
Have a great week end !
COT: The precious data ignored
  • #329,102
  • Nov 19, 2010 7:17am Nov 19, 2010 7:17am
Quoting disegnosys
Yes, you got that right, what to do now.
You should follow the strategy following or stay away friday if not clear .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #329,103
  • Nov 19, 2010 7:19am Nov 19, 2010 7:19am
I see potential slippage as far as 3616 on the 1 hour chart that would be complete bargain price to buy at would be lots of interest. So it could slip there for a big bounce ... but thats maybe too nice.

However expecting bullish movement to pick about now, so just need to wait to see where it goes how far it goes ... and see when it tires out.



Quoting DrLobo
Called this one 50 pips from the top !
At some time many were yelling next stop 3900.
  • #329,104
  • Nov 19, 2010 7:19am Nov 19, 2010 7:19am
Goddamn folks

If in this volatily market 1m tf move may be 30 pips, this move is not giving direction anywhere.

Still buying dips as long as 1.3650/60 holds. If falls below that, things get a bit more tricky.
They think they are smarter than I am.
  • #329,105
  • Nov 19, 2010 7:19am Nov 19, 2010 7:19am
M15 is oversold, is at last high => me long
  • #329,106
  • Nov 19, 2010 7:23am Nov 19, 2010 7:23am
LOL

Quoting kuroro001
Wait until something comes out.
We are friday so the unpredictable move was predictable

Friday seems to be a praying day...take a position and pray for it to be right
  • #329,107
  • Nov 19, 2010 7:23am Nov 19, 2010 7:23am
When I see these crazy corrections like 80 pips move in 5 minutes, in my book every time ... you sit and waite untill the frenzy finishes and you go against it. The market completely way over bought. And thats what I call a fake out.

In such cases I have observed more often than not 100% retracement or even 161% which is at 3657. But I am out anyway as pips are safe.


Quoting DrLobo
I see potential slippage as far as 3616 on the 1 hour chart that would be complete bargain price to buy at would be lots of interest. So it could slip there for a big bounce ... but thats maybe too nice.

However expecting bullish movement to pick about now, so just need to wait to see where it goes how far it goes ... and see when it tires out.
  • #329,108
  • Nov 19, 2010 7:25am Nov 19, 2010 7:25am
367 pretty important level... decision time... nothing is clear to me at the moment.
  • #329,109
  • Nov 19, 2010 7:26am Nov 19, 2010 7:26am
Quoting reaperunique
come on dude, I went short an hour or so ago at 1.3717, my SL gets hit to the pip, I wait for another opportunity, I see one, I go long and just when I do that It goes down more! I lost 100 pips in two hours. I think I'm just gonna use a coin.
I hope you didn't go long just because stochastic was oversold as your only signal.
  • #329,110
  • Nov 19, 2010 7:27am Nov 19, 2010 7:27am
Am I the only one expecting the euro to drop today? As people cashing their profits from the past days, as it happens on friday? I'm still a newbie, so correct me if I'm wrong, but on most fridays, thats the case. I will wait if it goes below the pivot quick and go short then. If not, I won't do anything today, I guess.
  • #329,111
  • Nov 19, 2010 7:28am Nov 19, 2010 7:28am
Price tested the h1 neck line and formed bullish hidden divergence on the 15 min chart once the 50% fib of the last up move was reached. I think dips are good as long as price remains above the neck line on the h1.
Attached Image (click to enlarge)
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  • #329,112
  • Nov 19, 2010 7:28am Nov 19, 2010 7:28am
Quoting Venice
367 pretty important level... decision time... nothing is clear to me at the moment.
yes same here...i don't see anything...its ranging for me
and gbp is selling off...still i won't sell it.

Tricky friday...better to stand aside for today.
COT: The precious data ignored
  • #329,113
  • Nov 19, 2010 7:29am Nov 19, 2010 7:29am
Quoting fx111
I hope you didn't go long just because stochastic was oversold as your only signal.
ofcourse not, I checked bollinger bands on different TF's, MACD etc.... all was good.
  • #329,114
  • Nov 19, 2010 7:30am Nov 19, 2010 7:30am
Quoting Andrej
Am I the only one expecting the euro to drop today? As people cashing their profits from the past days, as it happens on friday? I'm still a newbie, so correct me if I'm wrong, but on most fridays, thats the case. I will wait if it goes below the pivot quick and go short then. If not, I won't do anything today, I guess.
Must be a 'newbee' thing''''''''''''''''''' most of the oldies, just don't get it. It's left to us 'newbees' to understand how the market works
  • #329,115
  • Nov 19, 2010 7:31am Nov 19, 2010 7:31am
Quoting reaperunique
ofcourse not, I checked bollinger bands on different TF's, MACD etc.... all was good.
Are you in a practice account? You said you gave up 200 pips yesterday and another 100 today?

If that's the case, you shouldn't be thinking of being anywhere except your practice account.
  • #329,116
  • Nov 19, 2010 7:31am Nov 19, 2010 7:31am
Quoting Andrej
Am I the only one expecting the euro to drop today? As people cashing their profits from the past days, as it happens on friday? I'm still a newbie, so correct me if I'm wrong, but on most fridays, thats the case. I will wait if it goes below the pivot quick and go short then. If not, I won't do anything today, I guess.
Fridays are pretty unpredictable. I dont trade many fridays. Im actually thinking about calling it a day and doing some Christmas shopping
  • #329,117
  • Nov 19, 2010 7:32am Nov 19, 2010 7:32am
Ok, noted I guess this was one of those parabolic moves.


Quoting DrLobo
When I see these crazy corrections like 80 pips move in 5 minutes, in my book every time ... you sit and waite untill the frenzy finishes and you go against it. The market completely way over bought. And thats what I call a fake out.

In such cases I have observed more often than not 100% retracement or even 161% which is at 3657. But I am out anyway as pips are safe.
  • #329,118
  • Nov 19, 2010 7:34am Nov 19, 2010 7:34am
Quoting Venice
Are you in a practice account? You said you gave up 200 pips yesterday and another 100 today?

If that's the case, you shouldn't be thinking of being anywhere except your practice account.
practice account? that's worthless. I made 5000$(with 1$/pip FYI) a week there for quit some time. I know most of the indicators and patterns it's just that for some reason, they don't work with me.
  • #329,119
  • Nov 19, 2010 7:37am Nov 19, 2010 7:37am
Quoting reaperunique
practice account? that's worthless. I made 5000$ a week there for quit some time. I know most of the indicators and patterns it's just that for some reason, they don't work with me.
Worthless? Wow...

Indicators don't work in general. They are laggy. They have a purpose, but I would never use macd, stoch, etc solely for finding trades. Maybe as a confirmation but that's about it. It's not just you.

They always give you a 50% chance of being correct. Some weeks are good, others are bad.
  • #329,120
  • Nov 19, 2010 7:41am Nov 19, 2010 7:41am
Quoting Venice
Worthless? Wow...

Indicators don't work in general. They are laggy. They have a purpose, but I would never use macd, stoch, etc solely for finding trades. Maybe as a confirmation but that's about it. It's not just you.

They always give you a 50% chance of being correct. Some weeks are good, others are bad.
oh great your number http://upload.wikimedia.org/math/d/2...a0d19fddb6.png that tells me that indicators are worthless and that doesn't believe that practice accounts are worthless(if you know TA). But there are also http://upload.wikimedia.org/math/d/2...a0d19fddb6.png people out there that tell me the exact opposite and they all make money. Now you tell me who is correct? Let me guess, everyone, you need to make out for yourself if it works for you or not?

I think I'm going to start praying, and after that toss a coin and make my trade off of that. Hmm too bad I don't have any money to spare
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