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  • #330,021
  • Nov 22, 2010 4:40am Nov 22, 2010 4:40am
Closed my position. Will wait for a pullback and sign of continuation to down side( Break of tl)... Or just quit for today...


Was thinking of closing position in the early stage when it got rejected, but gave it time for another candle...

Worked well.
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  • #330,022
  • Nov 22, 2010 4:40am Nov 22, 2010 4:40am
irish spreads back to unch on the day after being down 20bp earlier in the session...
Look Sharp/Trade Tight
  • #330,023
  • Nov 22, 2010 4:41am Nov 22, 2010 4:41am
Quoting cloggie
Equity markets are still driving this. ES 1196 will be important. Am flat dollar crosses, keeping an eye on equities.

3672 is still the glue here.

yes sp dow gold and oil all look that risk will be downside today....
  • #330,024
  • Nov 22, 2010 4:41am Nov 22, 2010 4:41am
Quoting blindkick
thk's.....i still want to learn it...

this is help me so much
trigger is always made in a lesser TF then your setup chart.

m5 is good for m30. And be wary...if u zoom in too much u can lose a focus.
  • #330,025
  • Nov 22, 2010 4:41am Nov 22, 2010 4:41am
Quoting goods
Your flaming me is totally uncalled for. It works for me. If it works for me its not horseshit. Also Just to let you know I have traded a couple systems with a couple systems and they did work super well. It just does not interest me. So who the hell are you to tell me what works for me is wrong. Get off your horse and go blow air up your ass somewhere else.
didn't mean to do that.

looked to me like you were giving advice i didn't agree with.

stan
  • #330,026
  • Nov 22, 2010 4:41am Nov 22, 2010 4:41am
http://www.fxinstructor.com/blog/

EURUSD Forecast
The EURUSD had a gap earlier today in Asian session, opened higher at 1.3741 which is about 70 pips higher than Friday’s close price. The bias remains bullish in nearest term testing 1.3830/50 region especially if price able to make a clear break above 1.3770 resistance area but we may have potential downside move testing 1.3670 area as gaps are usually filled. On h4 chart below we have a V-bottom formation, which is a bullish pattern so although the bearish medium bias since the fall from 1.4230 remains intact, the current strong bullish pullback could be a serious threat to the bearish outlook. Break below 1.3670 support area could lead us to neutral zone in nearest term testing 1.3600. On the other hand, consistent move above 1.3830/50 could trigger further bullish scenario testing 1.4000.
  • #330,027
  • Nov 22, 2010 4:42am Nov 22, 2010 4:42am
Quoting mercy seat
Hmmm ... I love that range trading ... shorted it many many times ... and later it may drop a bit deeper then ...

This could give us new reversals then ... from below 1.3670 area would be nice ...





;-)

Oki-doki ...


And reverso again ... cashed a lot of green ones and reversed the full 'Eimer' at 1.36664 ...


Zack Bumms !


;-)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #330,028
  • Nov 22, 2010 4:42am Nov 22, 2010 4:42am
Quoting PhAnTi'
sold it , aiming for 3550 now

ahhh dude wait for a bounce....
  • #330,029
  • Nov 22, 2010 4:43am Nov 22, 2010 4:43am
Quoting mfoste1
ahhh dude wait for a bounce....
Yup, wait for the risk aversion to start again. Plenty here selling support all day long without waiting for a confirmation.
  • #330,030
  • Nov 22, 2010 4:43am Nov 22, 2010 4:43am
Quoting cloggie
Equity markets are still driving this. ES 1196 will be important. Am flat dollar crosses, keeping an eye on equities.

3672 is still the glue here.
3672 lvl sucks.... needs to be killed for nice downmove...

prob: i'm even in : D

patience...blahblah ^^
Hero calls followed by margin calls...
  • #330,031
  • Nov 22, 2010 4:44am Nov 22, 2010 4:44am
If you know what you are doing pips can be made each moment of the day.

Just ask the other traders that are in this a couple of years.

Trade what you read in your charts....and if you don't see it, maybe go back to the www.babypips.com courses..........or consider choosing another profession.

In the THV thread I posted once:
a good help in overcoming your emotional difficulties with trading is finding yourself e mentor or a trading partner.

TRUST ME: it works.

Putting on my running shoes and going to jog on the beach, the sun will be up in a couple of minutes.

Tot ziens........hasta mañana........till tomorrow
  • #330,032
  • Nov 22, 2010 4:44am Nov 22, 2010 4:44am
Quoting PhAnTi'
3672 lvl sucks.... needs to be killed for nice downmove...

prob: i'm even in : D

patience...blahblah ^^

I did give you the headsup

Quoting cloggie

For now I am targeting 3672, one step at a time.
  • #330,033
  • Nov 22, 2010 4:46am Nov 22, 2010 4:46am
Quoting cloggie
I did give you the headsup
i got monthly support @640 cloggs
Thank You
  • #330,034
  • Nov 22, 2010 4:46am Nov 22, 2010 4:46am
Quoting T@rantula
trigger is always made in a lesser TF then your setup chart.

m5 is good for m30. And be wary...if u zoom in too much u can lose a focus.

ya...its true...that its my false....i zoom in to much my chart, so i cant find that....huffff.....
  • #330,035
  • Nov 22, 2010 4:46am Nov 22, 2010 4:46am
Looking forward to it.


Quoting bbakker


Good for you that you are willing to invest into your Forex education. Some people can self-learn, others prefer classroom training. I didn't know what a pip was 12 months ago and now I am consistently making winning trades since joining OTA.

The beauty with OTA is that you can retake the same course as many times as you like for no additional cost. I did my research on Forex training companies and I chose well.

I am a Microsoft Certified System Engineer and the courses were 3x more expensive, but I got my old company to pay for...
  • #330,036
  • Nov 22, 2010 4:47am Nov 22, 2010 4:47am
Quoting cloggie
I did give you the headsup
indeed u did : D
let's gamble a bit ^^

lets see hourly close above/below 3672 for further action
Hero calls followed by margin calls...
  • #330,037
  • Nov 22, 2010 4:47am Nov 22, 2010 4:47am
Quoting wormboy
i got monthly support @640 cloggs

The overshoot may get us there, 3672 was just a lot more prominent as a first stop. I gotta be honest though, I rarely look at MP's when it comes to yooro, I will research them a bit.
  • #330,038
  • Nov 22, 2010 4:47am Nov 22, 2010 4:47am
Quoting mfoste1
there is no gap....the only gap is in retail because your borker closed....

i dont know why people find this so hard to understand

just because price came back to a certain point people say "a gap was closed"

prices inevitably return to specific points....
Everybody knows there is no gap but you miss the point. Price action during weekends is usually done on very low volume between certain institutions especially banks. When a gap is seen on the charts for the rest of us retail traders, it feeds into the "path of least resistance" mentality. A return to the close of the market price level is necessary to determine whether continuation in the direction of the "gap" is the true intent of the market makers with higher volume. That is why most often if you pay attention...pa on Sundays is within the range of Friday's low to high, and in the case of "gaps"...if PA "gapped" up from the closing price on Friday PA is much more likely to return to the lows of the previous Friday's lows.

These "gaps" that we all know do not exist are simply another indicator for price behavior for the open of the market that in the right hands can be quite profitable.

Your observations is like saying the Eur/Jpy crashed 1000 pips one day and went back up 1000 pips that same day therefore nothing happened.
Different opinions highly valued, ignorant to slander.
  • #330,039
  • Nov 22, 2010 4:48am Nov 22, 2010 4:48am
Quoting druckenmillr
didn't mean to do that.

looked to me like you were giving advice i didn't agree with.

stan

No worries man, Sometimes its really hard to get the whole point of something in a particular thread and perhaps I should have just posted something lengthy and more detail oriented within the newbie thread.

I think alot of disagreement depends on what it is being looked at (time frame) and the appropriate course of action taken respecting that tf

I have humbly looked upon what you were talking about with the volume analasys and big money selling into uptrend and buying into downtrends and how it can be seen with VSA. I am really liking this and I am thinking this will definitely help me in my pa.

Been looking over some threads but so much to read I dont know where to start. I just want something simple to understand not alot of fluff and straight to the point with brief explanations.


appologies accepted and yes I do still learn from here, Although I never take anyone's calls and stick to my bias.

If you might be able to point me in the right direction with this I would be eager to study it.
Know when to hold em, Know when to fold em!
  • #330,040
  • Nov 22, 2010 4:48am Nov 22, 2010 4:48am
Ok so the gap is close and price is sitting at the 78.6 fib with bullish hidden divergence. Being that NO ONE knows where price will go, a person could do one of two things at this point...
1) Buy here with a stop just below the current low (I call this a test trade) or 2) wait for an m15 close and a close below the 78.6 would probably mean more downside action. But the bullish hidden divergence may support an upmove.
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