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  • #336,721
  • Dec 1, 2010 8:46am Dec 1, 2010 8:46am
Quoting Ulterior
Tops and bottoms have technical merrit. Just not everyone has the right tools
can u show us "right tools" for bottoms and tops ? :-)
  • #336,722
  • Dec 1, 2010 8:46am Dec 1, 2010 8:46am
Quoting goods
You learn this you can trade $100 a pip
you're being greedy, aren't you? small pip-values are by far enough to not bite your nails.
  • #336,723
  • Dec 1, 2010 8:48am Dec 1, 2010 8:48am
Quoting dussy
can u show us "right tools" for bottoms and tops ? :-)

There is only one tool needed for this, look to your left.
  • #336,724
  • Dec 1, 2010 8:48am Dec 1, 2010 8:48am
Quoting Mr Hatch
you're being greedy, aren't you? small pip-values are by far enough to not bite your nails.

All relative.
  • #336,725
  • Dec 1, 2010 8:49am Dec 1, 2010 8:49am
Quoting PipChick
Now Im going to be singing your signature song in my mind all day lone! LOL

perhaps more appropriate

Inserted Video
Know when to hold em, Know when to fold em!
  • #336,726
  • Dec 1, 2010 8:49am Dec 1, 2010 8:49am
Quoting Mr Hatch
you're being greedy, aren't you? small pip-values are by far enough to not bite your nails.

Was not being serious my friend
Know when to hold em, Know when to fold em!
  • #336,727
  • Dec 1, 2010 8:50am Dec 1, 2010 8:50am
Quoting goods
http://www.youtube.com/watch?v=atHY8rDBhtI

I will let this motivate the others
  • #336,728
  • Dec 1, 2010 8:51am Dec 1, 2010 8:51am
Quoting gatorinla
this second bear chart. first already completed.. more of a scalpers chart.

if we cross 3110 we go back to 3124.. atm 3096.. if not we continue lower. invalid below 3094. very st..
#3 st bear.. targets on the chart.. #2 is stuck at #3 mofu
Attached Image
those who can, do. those who cant, talk about those who can
  • #336,729
  • Dec 1, 2010 8:51am Dec 1, 2010 8:51am
Quoting cloggie
All relative.
when he mastered it, i'd agree. but that's quite a long road to walk.
  • #336,730
  • Dec 1, 2010 8:52am Dec 1, 2010 8:52am
1 Billion in cyber monday sales this year, and, oddly, I couldn't find anything I considered a good deal.
  • #336,731
  • Dec 1, 2010 8:52am Dec 1, 2010 8:52am
Quoting gatorinla
#3 st bear.. targets on the chart.. #2 is stuck at #3 mofu
hehe, got in above the mofu... finally. now let it do it's job.

EDIT: Does this sound familiar?
"Portugal does not need bailout, can overcome difficulties on its own"
  • #336,732
  • Dec 1, 2010 8:54am Dec 1, 2010 8:54am
Quoting cloggie
Not going to teach you how to suck eggs, but look at my charts I posted. You went long at the box area of resistance and when that failed you went short at the intraday support TL that was formed during Asia. Use those charts now as a tool to find your next trade, as long as the TL holds, scalp your longs, when the TL goes expect a retest from the bottom as a resistance (that's your fake) if the TL holds, scalp a long till the resistance box, if the resistance box goes, expect a fake and a test as a support, so don't go jumping on the first M5 bar...

Apt, you can see how that TL is being tested over and over again, so no trade in anticipation until we have a confirmation of it holding for a long back to the box, or a break, that will start as a fake with a retest as resistance for a short. If you are a chancer, you can scalps some tiny longs of the TL for a few pips here and there, if you are looking for your 45 pips back that you lost earlier, wait for a confirmation of the TL holidng and take the 20-30 pip ride back to the resistance on the hourly. Whatever you do, no shorts here until we have seen the fake 'n shake of the TL.

If you are not sure what constitutes a fake and what gives you a confirmation, find a MA that corresponds to the TL and use that as your guide for the break or the confirmation of it holding, any MA that correspond to a daily TL that acts as support or resistance will do, they change by the day and the circumstances. That is probably the easiest way to identify it until you get the hang of reading the price.

Why are MA's handy as a backup in this case? The TL was formed by the price averaging out against it and thereby forming the line in the sand, so using a MA as guidance gives you a fairly good view how price is acting around the average for the chosen TF.
  • #336,733
  • Dec 1, 2010 8:58am Dec 1, 2010 8:58am
Quoting gatorinla
#3 st bear.. targets on the chart.. #2 is stuck at #3 mofu
yeah needs to get above 1.3117, before supportline gets broken... otherwise it could make a head shoulder..
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  • #336,734
  • Dec 1, 2010 9:00am Dec 1, 2010 9:00am
Quoting Mr Hatch

hehe, got in above the mofu... finally. now let it do it's job.

EDIT: Does this sound familiar?
"Portugal does not need bailout, can overcome difficulties on its own"
the mofu is i got stopped out my ej trade w/o hitting target. i only locked in 75 pips.. gave back much more.
those who can, do. those who cant, talk about those who can
  • #336,735
  • Dec 1, 2010 9:00am Dec 1, 2010 9:00am
What do you pros use as leverage here?
  • #336,736
  • Dec 1, 2010 9:00am Dec 1, 2010 9:00am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting cloggie
Apt, you can see how that TL is being tested over and over again, so no trade in anticipation until we have a confirmation of it holding for a long back to the box, or a break, that will start as a fake with a retest as resistance for a short. If you are a chancer, you can scalps some tiny longs of the TL for a few pips here and there, if you are looking for your 45 pips back that you lost earlier, wait for a confirmation of the TL holidng and take the 20-30 pip ride back to the resistance on the hourly. Whatever you do, no shorts here until we...
Noted, and noted.

Will take all your helpful advice and make them my trading habits.
  • #336,737
  • Dec 1, 2010 9:01am Dec 1, 2010 9:01am
looks like numbers overall on economic. Risk should be on rest of day and trading above 3100 and below 3160
Know when to hold em, Know when to fold em!
  • #336,738
  • Dec 1, 2010 9:01am Dec 1, 2010 9:01am
most fuel efficient bike.

http://www.funtoosh.com/f_images/dhaej_me_dhoka.jpg
  • #336,739
  • Dec 1, 2010 9:02am Dec 1, 2010 9:02am
Quoting gatorinla
the mofu is i got stopped out my ej trade w/o hitting target. i only locked in 75 pips.. gave back much more.
i tried the yen once, will never again.
when i have the eu under control, i'll start looking left and right again.

today is a good day for both directions, because we have no direct rises, so chances and pips were there, which i took.

i hate mofus, did i mention it already?
  • #336,740
  • Dec 1, 2010 9:03am Dec 1, 2010 9:03am
Quoting apt
Noted, and noted.

Will take all your helpful advice and make them my trading habits.

See how that TL is holding on the news, and see how we are testing the earlier resistance again on the hourly? A no brainer of a trade really.

Now don't go buying the resistance again like you did last time, wait for the fake 'n shake to pierce through it and form as a support first, if you scalped a long of the TL, take your profit at the resistance and watch and see what she is doing.
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