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  • #336,681
  • Dec 1, 2010 8:10am Dec 1, 2010 8:10am
Quoting cloggie
All depends on the excitement in NY really. Keep an eye on the equities to see their demand for risk this morning. 3134 is the technical resistance for the further move up and the fundies may help drag us over it. Am not going to preempt any move and have duly taking my profit on the news trade. Longing this right below the resistance, like some have done here, is just an exercise in anticipation and has no technical merit.
I agree and v. good advice Cloggie (is just an exercise in anticipation and has no technical merit). There is still room intraday into the long side but in my books adding or entering right now is not worth the R:R. Let see what the bell brings to the table.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #336,682
  • Dec 1, 2010 8:12am Dec 1, 2010 8:12am
Quoting cloggie
All depends on the excitement in NY really. Keep an eye on the equities to see their demand for risk this morning. 3134 is the technical resistance for the further move up and the fundies may help drag us over it. Am not going to preempt any move and have duly taking my profit on the news trade. Longing this right below the resistance, like some have done here, is just an exercise in anticipation and has no technical merit.
  • #336,683
  • Dec 1, 2010 8:12am Dec 1, 2010 8:12am
Quoting gatorinla
long at sl @ be now.. this usually is a 90% trade. after we passed by at least a pip you wait for pullback to go long. it allowed me to exit short as described before trade. nap time gl
tp hit... building shorts. 3189 could be a ceiling. or sooner.. if its now, it puts 1.1811/ 1.1881 area in the target zone.
those who can, do. those who cant, talk about those who can
  • #336,684
  • Dec 1, 2010 8:13am Dec 1, 2010 8:13am
riding with bulls
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  • #336,685
  • Dec 1, 2010 8:15am Dec 1, 2010 8:15am
Quoting sisse
I agree and v. good advice Cloggie (is just an exercise in anticipation and has no technical merit). There is still room intraday into the long side but in my books adding or entering right now is not worth the R:R. Let see what the bell brings to the table.

sisse

Most noobs here show an overexuberance to get in within a pip or two of a move, too scared to miss out on those few pips and thereby entering into trades that have no technical merit. Most days here it is a race between the silly bottom pickers and the desperate. If the noobs just learned to be patient and just take the trades that have shown a confirmed direction, it will do wonders to their equity curves. Trading is only hard because the trader itself keeps getting in the way of any chance of success in this business.

Ah well, rant over.
  • #336,686
  • Dec 1, 2010 8:15am Dec 1, 2010 8:15am
Quoting gatorinla
oh and this is a technical trade. don't be surprised if it reverses to the pip at 3124..it does that some times..
hit target but missed reverse. .. oh well... shit happens..
those who can, do. those who cant, talk about those who can
  • #336,687
  • Dec 1, 2010 8:16am Dec 1, 2010 8:16am
Quoting swing 123
i guess you lost ur goat GL for long
i still got my goat.
those who can, do. those who cant, talk about those who can
  • #336,688
  • Dec 1, 2010 8:16am Dec 1, 2010 8:16am
closing long
  • #336,689
  • Dec 1, 2010 8:16am Dec 1, 2010 8:16am
All about demand and supply though lower TF..........
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  • #336,690
  • Dec 1, 2010 8:18am Dec 1, 2010 8:18am
Quoting PayTheLimit
long 3121, sl 3070, tp 3160...
out at 3111, -10....
Look Sharp/Trade Tight
  • #336,691
  • Dec 1, 2010 8:19am Dec 1, 2010 8:19am
Quoting PipChick
Just in case anyone took the abc trade, I put a stop at BE since the news is due out. If price gets to3035is before news is released, I will TP there.
those who can, do. those who cant, talk about those who can
  • #336,692
  • Dec 1, 2010 8:20am Dec 1, 2010 8:20am
short taken 3115 15 pip sl
  • #336,693
  • Dec 1, 2010 8:24am Dec 1, 2010 8:24am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Lost 40 pips trying to guess.

Patience, shorting at 1.3075

Long at 1.3165

I am up for whichever, short will have bigger payoff however.
  • #336,694
  • Dec 1, 2010 8:24am Dec 1, 2010 8:24am
Quoting Masrim
Now it's probably going to try and "burn" the daily candle a bit, though I'm not going to play it short. I'll wait for a re-entry long lower, depending on the daily close today.
It started "burning", time to observe the daily close.
  • #336,695
  • Dec 1, 2010 8:24am Dec 1, 2010 8:24am
Quoting PayTheLimit
out at 3111, -10....
huge resistance at 3120 we dropped pretty hard at that level.
  • #336,696
  • Dec 1, 2010 8:25am Dec 1, 2010 8:25am
Quoting PayTheLimit
out at 3111, -10....
why already ?
i must admit you took it right under the resistance...
but i don't see signs of reversal yet...
shorts here are playing top picking
COT: The precious data ignored
  • #336,697
  • Dec 1, 2010 8:25am Dec 1, 2010 8:25am
Quoting cloggie
Most noobs here show an overexuberance to get in within a pip or two of a move, too scared to miss out on those few pips and thereby entering into trades that have no technical merit. Most days here it is a race between the silly bottom pickers and the desperate. If the noobs just learned to be patient and just take the trades that have shown a confirmed direction, it will do wonders to their equity curves. Trading is only hard because the trader itself keeps getting in the way of any chance of success in this business.

Ah well, rant over.
That is one golden piece of advice. Since I also traded like this once upon a time.
  • #336,698
  • Dec 1, 2010 8:26am Dec 1, 2010 8:26am
waiting a pullback to 3061 or any for long to test .though there chances more correction will target 3218.

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,699
  • Dec 1, 2010 8:27am Dec 1, 2010 8:27am
closely watching 3077 50 % of the entire move 1.8 to 1.42 price took off from that mark
  • #336,700
  • Dec 1, 2010 8:28am Dec 1, 2010 8:28am
Quoting kuroro001
why already ?
i must admit you took it right under the resistance...
but i don't see signs of reversal yet...
shorts here are playing top picking

I agree I am going to be trading the 50 pip range today
Know when to hold em, Know when to fold em!
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