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  • #340,981
  • Dec 7, 2010 8:59am Dec 7, 2010 8:59am
.3400 looks like a nice barrier.

The discord in the eu will only get more pronounced in the coming weeks.
  • #340,982
  • Dec 7, 2010 8:59am Dec 7, 2010 8:59am
Would be good to see a head fake into 3400-3470 supply zone, followed by retrace into 1Hr bullish TL for a long entry.....but mkts ain't really known to be "nice" - are they? Turkish coffee until PA plays out.


Quoting orangeRANGE
Look at those upper wicks against 1.3390. Down we go...again..????
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #340,983
  • Dec 7, 2010 9:00am Dec 7, 2010 9:00am
Quoting 2+2=4ex
I think it's that time of the year where you can throw your charts in the garbage.
Going off of some of the charts I see posted....it is that time of year all year long.

FWIW...

My charts are still working...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #340,984
  • Dec 7, 2010 9:00am Dec 7, 2010 9:00am
Quoting teemo
You know I look at these charts that look like a Pasta Jambalaya and I can't figure out how people actually trade off those - not to pick on anyone but it shows where in their trading career they are. I also had best success sticking to simple PA techniques. But hey; whatever makes people money is good for them - even if it's voodoo.
To each their own. It takes patience to trade with indicators and deep pockets sometimes as entries are late.

I dont knock all indicator systems as they do show direction but i see direction better when they are off a chart. Also I used the Cowabunga from babypips when I first started trading fx (I dont use it anymore since I dont rely on indicators and I hate getting in way after the move), and it did produce solid trades. Cowabunga is a legit system that works very nicely.
Know when to hold em, Know when to fold em!
  • #340,985
  • Dec 7, 2010 9:01am Dec 7, 2010 9:01am
Quoting sisse
All yours kuroro since yesterday. Very well played, especially as you were playing H1. Definitively a lesson on how to sit on a trade. Respect.

I agree that any reversal signal for daily play will be better above 1.340x.

sisse
Thanks mate.
Patience is one of the key of success.
Right now, what is worrying me is that small reversal H1 candle with too much vol.
Too soon for a reversal but if it happens it might squeeze weak long. 1,3320 seems a good place.
Its like we won't see 1,3420 today....we might be in another distribution process like the one from 1,3450 to 1,3780 a few weeks ago.
Too soon to say...Time will tell.
COT: The precious data ignored
  • #340,986
  • Dec 7, 2010 9:02am Dec 7, 2010 9:02am
Quoting teemo
Turkish coffee.

Great stuff
Know when to hold em, Know when to fold em!
  • #340,987
  • Dec 7, 2010 9:03am Dec 7, 2010 9:03am
She is trying to hunt my s/l on USDCHF lol...

2 pip miss...should she try it again LOL
  • #340,988
  • Dec 7, 2010 9:03am Dec 7, 2010 9:03am
Quoting PayTheLimit
long 3375, tp 3450, sl 3350...
out at 3370, -5, see ya later, good luck PTL
Look Sharp/Trade Tight
  • #340,989
  • Dec 7, 2010 9:03am Dec 7, 2010 9:03am
Quoting kuroro001
Thanks mate.
Patience is one of the key of success.
Right now, what is worrying me is that small reversal H1 candle with too much vol.
Too soon for a reversal but if it happens it might squeeze weak long. 1,3320 seems a good place.
Its like we won't see 1,3420 today....we might be in another distribution process like the one from 1,3450 to 1,3780 a few weeks ago.
Too soon to say...Time will tell.

Looks like that 3250 is going to be the target. I am sure you see where I am talking about. Looks like these targets are goals and they go there all other intraday is just noise.
Know when to hold em, Know when to fold em!
  • #340,990
  • Dec 7, 2010 9:05am Dec 7, 2010 9:05am
Quoting goods
To each their own. It takes patience to trade with indicators and deep pockets sometimes as entries are late.

I dont knock all indicator systems as they do show direction but i see direction better when they are off a chart. Also I used the Cowabunga from babypips when I first started trading fx (I dont use it anymore since I dont rely on indicators and I hate getting in way after the move), and it did produce solid trades. Cowabunga is a legit system that works very nicely.

Cowabunga, slogan of the TMNT ? lol
Never heard of this indicator though. I will take a look to satisfy my curiosity.
COT: The precious data ignored
  • #340,991
  • Dec 7, 2010 9:05am Dec 7, 2010 9:05am
A break & close below the TL could open up the daily pivot.

http://i288.photobucket.com/albums/l...f?t=1291734303
  • #340,992
  • Dec 7, 2010 9:07am Dec 7, 2010 9:07am
I used to be so critical of Indicators, talking heads on TV like Jim Cramer..etc. But learnt to respect anything which makes people money in their trading - even if I can't replicate it myself. I love trading TL's, S/R, Fibs,..etc. mainly because my stops & TP's are more measurable.


Quoting goods
To each their own. It takes patience to trade with indicators and deep pockets sometimes as entries are late.

I dont knock all indicator systems as they do show direction but i see direction better when they are off a chart. Also I used the Cowabunga from babypips when I first started trading fx (I dont use it anymore since I dont rely on indicators and I hate getting in way after the move), and it did produce solid trades. Cowabunga is a legit system that works very nicely.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #340,993
  • Dec 7, 2010 9:07am Dec 7, 2010 9:07am
One down.

http://www.forexfactory.com/showpost...stcount=341033
  • #340,994
  • Dec 7, 2010 9:08am Dec 7, 2010 9:08am
Quoting PayTheLimit
out at 3370, -5, see ya later, good luck PTL

PS, 0/4 today, traded like a regular jackass....
Look Sharp/Trade Tight
  • #340,995
  • Dec 7, 2010 9:08am Dec 7, 2010 9:08am
2. short USDJPY 83.05
The best thing that can happen to you is to find out where you're wrong.
  • #340,996
  • Dec 7, 2010 9:09am Dec 7, 2010 9:09am
Only challenge to my long bias is we still haven't broken the previous high on the hourly. Still looking for a headfake above that and a retrace into bullish TL.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #340,997
  • Dec 7, 2010 9:10am Dec 7, 2010 9:10am
finally it breaks down whoo .

that was one annoying trade .
I SEE YOU !!
  • #340,998
  • Dec 7, 2010 9:10am Dec 7, 2010 9:10am
a nice opoirtunity to short XXX/JPY pairs now as they completed their daily ranges
  • #340,999
  • Dec 7, 2010 9:11am Dec 7, 2010 9:11am
Quoting PayTheLimit
PS, 0/4 today, traded like a regular jackass....
you are good .
don't be hard on your self . we all have our down days .

wish all the luck mate .
I SEE YOU !!
  • #341,000
  • Dec 7, 2010 9:12am Dec 7, 2010 9:12am
down to 3300 before new high, bounce at 3346 first/before.
those who can, do. those who cant, talk about those who can
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