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  • #336,441
  • Dec 1, 2010 4:14am Dec 1, 2010 4:14am
Quoting PipChick
What makes me skiddish about shorts at the moment is that if the H4 closes above 3083 ish then its very possible to test the daily TL. So I think I will stand aside for now. I posted this daily chart last night.
that's when we discussed that these whole moves don't really follow any logic any more, wasn't it? trichet challenged the whole world by saying that ez-countries are very, very determined to fight the drop at all... still it has a hard time getting above 3090. a retracement at this point is still a good idea, so we can be sure we are in a downtrend.

3110 will be tough enough and i think we might bounce some, which i will gratefully collect.
  • #336,442
  • Dec 1, 2010 4:14am Dec 1, 2010 4:14am
possible short for the brave on usd/chf


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added 1.0060
Mind over matter..I don't mind and you don't matter.
  • #336,443
  • Dec 1, 2010 4:16am Dec 1, 2010 4:16am
Quoting The Fool
make a fortune between .3070 and .3080 if you go large enuf
I see her breaking north to .31+. I need more Irish coffee though, might take all morning
"If The Fool persists in his Folly he will become wise." - William Blake
  • #336,444
  • Dec 1, 2010 4:19am Dec 1, 2010 4:19am
Quoting PipChick
Most of the time, unless there is news coming out or if I have to leave my PC, I use mental stops. But I always have a safety stop just in case something weird happens. My stops are always magnets..lol
i literally tried anything when it comes to stoplosses. so far, i'm quite content with a pre-defined one of 100 pips that i can freely swap around. i move it to be as soon as the trade reaches 10 pips. then it's up to the market how much it likes my decision.
  • #336,445
  • Dec 1, 2010 4:20am Dec 1, 2010 4:20am
Quoting Mr Hatch
that's when we discussed that these whole moves don't really follow any logic any more, wasn't it? trichet challenged the whole world by saying that ez-countries are very, very determined to fight the drop at all... still it has a hard time getting above 3090. a retracement at this point is still a good idea, so we can be sure we are in a downtrend.

3110 will be tough enough and i think we might bounce some, which i will gratefully collect.
Well, I think...if this current high on the hourly gives that we will see a decent upmove. But im not 100% sure I want to trade it immediately. I think I would let it go then buy a dip up to a shorting area.I think that shorting area "may " be the h4 50 ema which is close to the daily TL test.
  • #336,446
  • Dec 1, 2010 4:24am Dec 1, 2010 4:24am
Quoting PipChick
Well, I think...if this current high on the hourly gives that we will see a decent upmove. But im not 100% sure I want to trade it immediately. I think I would let it go then buy a dip up to a shorting area.
just wait if it can reach the cross. for an upmove, it has walked a nice distance already.

i cannot wait, until pa reaches a long or short zone. for me, the train has then left already... it's a mental thing.
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  • #336,447
  • Dec 1, 2010 4:25am Dec 1, 2010 4:25am
Hi all,

strange PA. I think we saw an ABC-flat correction (wave 4) down to 3052 and are now up for wave 5. (The whole formation from the bottom was an ABC-flat correction, wave c is an impulse).

This recent wave 5 may be an ending diagonal, or it subdivides and starts with a leading diagonal.

We will see.
  • #336,448
  • Dec 1, 2010 4:27am Dec 1, 2010 4:27am
Quoting The Fool
I see her breaking north to .31+. I need more Irish coffee though, might take all morning
I just closed the last of my stragglers from the LO at .3095

I hate waiting around these wholes
"If The Fool persists in his Folly he will become wise." - William Blake
  • #336,449
  • Dec 1, 2010 4:28am Dec 1, 2010 4:28am
Quoting infinitus
Hi all,

strange PA. I think we saw an ABC-flat correction (wave 4) down to 3052 and are now up for wave 5. (The whole formation from the bottom was an ABC-flat correction, wave c is an impulse).

This recent wave 5 may be an ending diagonal, or it subdivides and starts with a leading diagonal.

We will see.
Oh my that soooooo boggles my mind. I am not good with the elliott.
  • #336,450
  • Dec 1, 2010 4:30am Dec 1, 2010 4:30am
Quoting PipChick
Oh my that soooooo boggles my mind. I am not good with the elliott.
what are u good with?(related to trading)
  • #336,451
  • Dec 1, 2010 4:31am Dec 1, 2010 4:31am
http://www.chessbase.de/Nachrichten/...DBerlin_02.jpg
Quoting Alihuzaifa
what are u good with?(related to trading)
holy shit... sorry, typo.
  • #336,452
  • Dec 1, 2010 4:31am Dec 1, 2010 4:31am
finally a close above 3080/85 on the 15min, bulls will look for 3118 next...
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Look Sharp/Trade Tight
  • #336,453
  • Dec 1, 2010 4:31am Dec 1, 2010 4:31am
Quoting Alihuzaifa
what are u good with?(related to trading)
PA and patterns.
  • #336,454
  • Dec 1, 2010 4:32am Dec 1, 2010 4:32am
Quoting Mr Hatch
wholly shit...
LOL....That made me laugh too
  • #336,455
  • Dec 1, 2010 4:32am Dec 1, 2010 4:32am
Quoting amjilt

GOOD LUCK!!! TRADERS !!!
Good luck amjilt. I am glad we have a trader from Mongolia amongst us.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #336,456
  • Dec 1, 2010 4:32am Dec 1, 2010 4:32am
Quoting wormboy
checked both. now it gets interesting. close above the levels cleanly warrants buying imo.

let's see
Quoting wormboy
first i/d resistance @3098
done, target met. cleared partial profit & leaving the rest to work @ bep +17

no in depth analysis needed.

Good luck.
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Thank You
  • #336,457
  • Dec 1, 2010 4:33am Dec 1, 2010 4:33am
Quoting Mr Hatch
wholly shit...
  • #336,458
  • Dec 1, 2010 4:34am Dec 1, 2010 4:34am
Quoting coyoteuglyxxx
Early days yet but the resistance at 1.3033 was broken.. Went long 1.3038 SL 1.3025 TP 1.3140. The bulls r sniffing around
Position closed at 1.3098. Still at profit tho + 58 pips. 1.31 might be a struggle for the moment....just for the moment.
Did you place your stop loss order? Why not?!? Story of my life...
  • #336,459
  • Dec 1, 2010 4:35am Dec 1, 2010 4:35am
Quoting Alihuzaifa
i didn't intend to say that... freudian misspelling.

Quoting coyoteuglyxxx
Position closed at 1.3098. Still at profit tho + 58 pips. 1.31 might be a struggle for the moment....just for the moment.
how's that possible... a self-runner?
  • #336,460
  • Dec 1, 2010 4:36am Dec 1, 2010 4:36am
Quoting PipChick
Oh my that soooooo boggles my mind. I am not good with the elliott.
Do not give up. It is like the time tables for the metro (those boggle my mind LOL). You need time to get a grasp on it. But I think it is worth the effort. Others, on the other hand, think, it is useless.

So it is up to you.

Trade well,

Markus
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