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  • #334,861
  • Nov 29, 2010 10:28am Nov 29, 2010 10:28am
Quoting sisse
More than TA is common sense. you are right that it can go > 1000 more pips down today but when you consider the usual ATR in the last 5 years and when you have almost 300 pips non stop in one direction in a few hours, common sense dictate to be extremely careful in a continuation and that a pullback/retrace maybe in their way. Just my 2 cents.

sissre
common sense ... forex ... 'does not compute' ...
  • #334,862
  • Nov 29, 2010 10:31am Nov 29, 2010 10:31am
Quoting mikej2010

'standing back' requires less emotion.
A lot less, but long term it is the best way to bee.

Only once you have learnt not to be possessive about any particular direction, and go with the flow/trend, trading becomes instinctive and also very profitable.
  • #334,863
  • Nov 29, 2010 10:32am Nov 29, 2010 10:32am
Quoting redsword11
Attachment



looking at lower tf for supply zone



Attachment

Attachment




can all turn here


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  • #334,864
  • Nov 29, 2010 10:34am Nov 29, 2010 10:34am
"ugly" movements last night... this is why i think intraday trading is close to a lottery than to something normal.

a daily chart clearly shows that stops for shorts should have been placed above friday's high... and now above today's high. any rally that doesn't make it through is to be shorted regardless of any fundamental bias.
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Nihil Sine Deo.
  • #334,865
  • Nov 29, 2010 10:35am Nov 29, 2010 10:35am
i don't like these at a bottom. but is it a bottom? for entertainment purpose only. but if obama news usd positive its likely...............
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those who can, do. those who cant, talk about those who can
  • #334,866
  • Nov 29, 2010 10:35am Nov 29, 2010 10:35am
Quoting gatorinla
[/color]
[/color] chf needs 1.0064
i usually dont trade the the usdchf but it reached 10034 but my target is 10064 waiting for it to get there
  • #334,867
  • Nov 29, 2010 10:35am Nov 29, 2010 10:35am
what's the line on this guy?

Julian Assange

8... 10... months... then he dies in a car accident in his driveway.

stan
  • #334,868
  • Nov 29, 2010 10:36am Nov 29, 2010 10:36am
Quoting mikej2010
common sense ... forex ... 'does not compute' ...
lol, yes you are right on that one but dnot dismiss the average range. Yes once or very very very few times a year (panic/mania)it can overshoot that range barrier in a day but in the other hundreds it doesn't, making my argument of being careful with continuation intraday and a potential pullback (maybe not tradable) statistically significant to take into account.... but again it just my 2 cents.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #334,869
  • Nov 29, 2010 10:37am Nov 29, 2010 10:37am
Quoting Scrat
"ugly" movements last night... this is why i think intraday trading is close to a lottery than to something normal.

a daily chart clearly shows that stops for shorts should have been placed above friday's high... and now above today's high. any rally that doesn't make it through is to be shorted regardless of any fundamental bias.
market's are fractal on every timeframe.

stan
  • #334,870
  • Nov 29, 2010 10:37am Nov 29, 2010 10:37am
Quoting mikej2010
... but how do you 'judge' being 'over-due' for anything with forex.

I personally don't believe in the term 'over-due' in forex.
then how do you trade?
those who can, do. those who cant, talk about those who can
  • #334,871
  • Nov 29, 2010 10:38am Nov 29, 2010 10:38am
Quoting gatorinla
then how do you trade?
pure speculation and luck...may be
  • #334,872
  • Nov 29, 2010 10:39am Nov 29, 2010 10:39am
Quoting gatorinla
then how do you trade?
I am just saying, I don't think of anything being 'overdue'.

I might feel comfortable at a ball game saying we are 'overdue' for a run or a score, but with this, nope. It is what it is, nothing 'overdue' or 'due-up', etc.

*edit*
to clear up my opinion, TO MANY variables, unknowns, etc. to be 'due-up' because at any time, anything can change.
  • #334,873
  • Nov 29, 2010 10:39am Nov 29, 2010 10:39am
This is good advice, today so far for eg € has travelled 135% of it's 20 day average pip range, 67% of it's average 20 week pip range and with 1 full day of this month left 167% of the 20 month average pip range

G/L

Quoting sisse
lol, yes you are right on that one but not dismiss the average range. Yes once or very very very few times a year (panic/mania)it can overshoot that range barrier in a day but in the other hundreds it doesn't, making my argument of being careful with continuation intraday and a potential pullback (maybe not tradable) statistically significant to take into account.... but again it just my 2 cents.

sisse
ex member
  • #334,874
  • Nov 29, 2010 10:40am Nov 29, 2010 10:40am
its only stop after he broke the 'virgin' of 1.3 which is ~ 1.28-1.29 area for small pull back....then reload as usual on the way 1.23-1.18

cheers...ahh so heavy pips....who want some?

just joke...bb this Thursday for some assessment....good luck all
  • #334,875
  • Nov 29, 2010 10:43am Nov 29, 2010 10:43am
No deviation from any mean (which is what a trend is) guarantees a pullback/correction but the more deviated from it's mean it gets, historically this market shows a greater statistical probability of there being one (howsoever shortlived before the trennd faring buy the dip or sell the rally participants come in again. (or not if a true longer term swing point)

G/L
ex member
  • #334,876
  • Nov 29, 2010 10:45am Nov 29, 2010 10:45am
hi all,

eyes on usdjpy @84,39 on daily basis...

personally.. I've taken the short @84,390

PS: same on GBPUSD... I'm long @5558
The best thing that can happen to you is to find out where you're wrong.
  • #334,877
  • Nov 29, 2010 10:48am Nov 29, 2010 10:48am
Quoting mikej2010
I am just saying, I don't think of anything being 'overdue'.

I might feel comfortable at a ball game saying we are 'overdue' for a run or a score, but with this, nope. It is what it is, nothing 'overdue' or 'due-up', etc.

*edit*
to clear up my opinion, TO MANY variables, unknowns, etc. to be 'due-up' because at any time, anything can change.
i got the same problem.. i asked myself. "should i wipe up?" or "should i wipe down?"
kid your starting to bother me. down it is.
those who can, do. those who cant, talk about those who can
  • #334,878
  • Nov 29, 2010 10:49am Nov 29, 2010 10:49am
Quoting Driver55
hi all,

eyes on usdjpy @84,39 on daily basis...

personally.. I've taken the short @84,390

PS: same on GBPUSD... I'm long @5558
mm...if small range ~84.189 ithink should be fine
if for some medium run i would wait at 84.691-85.203..

for GU if medium run..i should wat ~ 1.54660-1.53310/20...

just my 2 cent...cheers
  • #334,879
  • Edited 11:11am Nov 29, 2010 10:50am | Edited 11:11am
Quoting redsword11
Attachment
One more up may need it done for now usdx , same with eu down & still hope not the pullback ended.

weekly breaking the 200ma , next stop 82.35 & eu so may continue great down still .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #334,880
  • Nov 29, 2010 10:51am Nov 29, 2010 10:51am
Quoting Driver55
hi all,

eyes on usdjpy @84,39 on daily basis...

personally.. I've taken the short @84,390

PS: same on GBPUSD... I'm long @5558
with the K tensions as high as they are the powder keg is to close to lit for me.

the Yen will get slaughtered if all hell breaks lose.
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