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  • #330,421
  • Nov 22, 2010 11:27am Nov 22, 2010 11:27am
es is retesting support at the moment.. this might be a bottom...waiting for more confirmation
  • #330,422
  • Nov 22, 2010 11:28am Nov 22, 2010 11:28am
hi guys.
  • #330,423
  • Nov 22, 2010 11:30am Nov 22, 2010 11:30am
Quoting Mr Hatch
hi guys.
hey man ready to catch the last minute action?
  • #330,424
  • Nov 22, 2010 11:32am Nov 22, 2010 11:32am
Price respecting bearish channel support and resistance level. Anticipated target 1.34 or 1.33.
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  • #330,425
  • Nov 22, 2010 11:33am Nov 22, 2010 11:33am
Quoting gatorinla
short 3741 sl 3785
got stopped out with this one to the pip, just to find out it what it is supposed to do... damn london.
  • #330,426
  • Nov 22, 2010 11:34am Nov 22, 2010 11:34am
Quoting cloggie
You keep alternating posts Long and Short and then call one a winner and ignore the other one?

At least delete one of 'm before you start to BS us here collectively, you are obviously not very bright, but you must think we have the collective IQ of rabbits.
I noticed that too.
  • #330,427
  • Nov 22, 2010 11:34am Nov 22, 2010 11:34am
Quoting longshot_nl
yeee!
fontu vouched me!
Hero calls followed by margin calls...
  • #330,428
  • Nov 22, 2010 11:34am Nov 22, 2010 11:34am
Quoting PriceVolume
I want to see how this day ends. The last low prior to the Ireland rally was close to the tipping point. Beneath lies the trendline...WTF won't be far behind if that goes. Portugal, Italy, and Spain next. Followed by the negative impact of stronger Euro on German exports rearing it's head in the data after the new year. It's a ticking timebomb. I want to see if today is just fallout from "sell the news"....or otherwise.
all i care about atm is whats on the chart. its a big bear pattern
those who can, do. those who cant, talk about those who can
  • #330,429
  • Nov 22, 2010 11:34am Nov 22, 2010 11:34am
Quoting Pipwanderer
hey man ready to catch the last minute action?
nope, completely sidelined. i have to take a look at the charts.
  • #330,430
  • Nov 22, 2010 11:34am Nov 22, 2010 11:34am
At least the bottom pickers got taught a lesson, pass the soap.
  • #330,431
  • Nov 22, 2010 11:36am Nov 22, 2010 11:36am
Quoting cloggie
At least the bottom pickers got taught a lesson, pass the soap.
You're assuming they learned it.
  • #330,432
  • Nov 22, 2010 11:37am Nov 22, 2010 11:37am
Quoting Mr Hatch
got stopped out with this one to the pip, just to find out it what it is supposed to do... damn london.
i should have also.. but i saw 85 was so close to the tl later. i took the mid between levels and added a couple. kiwi alarm saved me.
those who can, do. those who cant, talk about those who can
  • #330,433
  • Nov 22, 2010 11:38am Nov 22, 2010 11:38am
Quoting cloggie
At least the bottom pickers got taught a lesson, pass the soap.
yeah it is a critical zone...did attempt to short or anything...right is support i think...waiting for a better setup to go long or it breaks through support pull back to enter short
  • #330,434
  • Nov 22, 2010 11:38am Nov 22, 2010 11:38am
Quoting gatorinla
all i care about atm is whats on the chart. its a big bear pattern
I hear ya. I'm in no rush, though...
  • #330,435
  • Nov 22, 2010 11:42am Nov 22, 2010 11:42am
Quoting sisse
psiholog, If I may ask if you open a long because of the test daily Support or you were riding the H4 uptrend from before? And second, giving the strength of the break down H4 (and from a daily perspective) don't you think that the chances for a retest of that BO are minimum.

In my view, the lack of a clear retest of that BO will give very early signals to a potential double bottom on the daily (that doesn't mean the beginning of a new uptrend obviously) for a range consolidation daily/weekly till the end of the year.

sisse
that lack of a retest of the breakout level is exactly why I looked for a long position. As for my entry reasons...I do keep in mind the longer timeframes (4h and daily) which do indeed suggest massive continuation down but my gut feeling (or experience..w/e you want to call it) says that we went down too much too fast in a very narrow downtrend so a partial correction to retest that breakout level should occur before anything else.

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Now forex is not an exact science and the odds of continuing lower to retest last week's lows are quite high. That is why this position is only half a position and don't mind getting stopped out because if we continue to last week's lows before anything else in this tight range...then experience tells me a sharp correction off last week's lows will follow (long) which will allow me to go in with a full position unless something changes my mind along the way (news to support a massive continuation for example).

Forex is like a game of chess....you have to plan your moves out long before they get executed and be prepared to lose a piece or two along the way. The key is to not lose your king (capital advantage) and queen (your sanity due to minor losses and start doubling positions for revenge trading purposes only). This is my game plan for the next 12-24 hours which may or may not work but I am sticking by it
Different opinions highly valued, ignorant to slander.
  • #330,436
  • Nov 22, 2010 11:42am Nov 22, 2010 11:42am
Quoting Mr Hatch
nope, completely sidelined. i have to take a look at the charts.
  • #330,437
  • Nov 22, 2010 11:43am Nov 22, 2010 11:43am
Quoting gatorinla
i should have also.. but i saw 85 was so close to the tl later. i took the mid between levels and added a couple. kiwi alarm saved me.
i just didn't want to change it, for i set a pending right at R3 3854... well, that's the game.
  • #330,438
  • Nov 22, 2010 11:44am Nov 22, 2010 11:44am
.
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #330,439
  • Nov 22, 2010 11:44am Nov 22, 2010 11:44am
Quoting PriceVolume
I hear ya. I'm in no rush, though...
even if we make a much lower low. and current low becomes resistance. before this month ends i will not be surprised to test 3630 again. before the big down..
those who can, do. those who cant, talk about those who can
  • #330,440
  • Nov 22, 2010 11:44am Nov 22, 2010 11:44am
Well we did have a pullback to the 3660 area but once it got there I didnt trust it quite yet so I missed that immediate short. Now I am seeing a HS pattern with the final target being 3445 ish. That may take a while tho. A lot depends on the h1 close also. We do have the 3585 support lurking.
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