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  • #341,821
  • Dec 8, 2010 3:44am Dec 8, 2010 3:44am
still scalping long. all alone amongst the bears. bear break recovered & we're sitting above the LO rate. still believe.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #341,822
  • Dec 8, 2010 3:46am Dec 8, 2010 3:46am
Quoting Abu-Rami
Good morning all,

Lets see what will happen today.. waiting London Opining...
Did anyone note what happen at S1 line ? @ 1.3179
  • #341,823
  • Dec 8, 2010 3:46am Dec 8, 2010 3:46am
I would like to short this on 1.3270 or 1.3286
  • #341,824
  • Dec 8, 2010 3:47am Dec 8, 2010 3:47am
Those no brain trades are really enjoyable. Nice rejection from NFP high. Support and resistance. +40. KISS.
Hello.
  • #341,825
  • Dec 8, 2010 3:47am Dec 8, 2010 3:47am
Quoting fontu
yes , 7th H1 candle of the bear rally now , next 8th & 9th should more rally & also close close above specially 8th may go target next . lets see .

sorry did not post , 8th candle trying hard break resistances around , horrible , may close above close price though .
fontu
main supports broke with a sudden spike but hold the remote one 3178, not new one created yet by 8th candle of the rally , waiting close 3208 , still about 20 min left.may down by this time or next H1 candle to 3189/85 easilt though .
before love scalping , with sl at be style ., may close long around 3228/33 for next entry at lows again , still have time to play .
lets see
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,826
  • Dec 8, 2010 3:49am Dec 8, 2010 3:49am
This is the most oversold hourly chart I have seen in a long, long time. 16 bearish candles in the last 19 hours.
  • #341,827
  • Dec 8, 2010 3:51am Dec 8, 2010 3:51am
Quoting sisse
Waiting is not enough IMO. Taking consistently every single one without hesitation is the key (obviously if you have a statistical edge r:r).

sisse
i would add...scaling out..dont try to squeeze EVERY single pip.

That happened to me yesterday. Well, not exactly my fault but...I shorted USDCHF aiming for 9735. My entry was 9775...I was at the meeting. By the time I came back the price have already jumped off the DOUBLE BOTTOM and went up to hit my S/L.

If i had been watching the trade I would have closed a portion of the trade at that double bottom. ( 9754)

So...scaling out can make a HUGE difference for ur account.
  • #341,828
  • Dec 8, 2010 3:53am Dec 8, 2010 3:53am
Quoting T@rantula
well, as we know a fake breakout happens when there is a profit taking.

Yes this was a fake breakout (double hammers ) due to profit taking. This could also mean an ordinary pullback on m15 tf. just to add some more

Moreover, when u take profit in bearish market, u automatically BUY back into the market, thus the retracement.
bulls might come in pa rejected my trendline bount right off it take a look at h1 impressive there at least atm
  • #341,829
  • Dec 8, 2010 3:54am Dec 8, 2010 3:54am
Exit long at 3209. Now enter short for a few pips. Been scalping here and there ... Cross my fingers.
  • #341,830
  • Dec 8, 2010 3:55am Dec 8, 2010 3:55am
Quoting Abu-Rami
Did anyone note what happen at S1 line ? @ 1.3179
This will give us another opportunity to Enter the 1st Short order...
  • #341,831
  • Dec 8, 2010 3:55am Dec 8, 2010 3:55am
I think a long is cooking here. 1h hammer formed... Ill try to buy at 200 if it goes there
  • #341,832
  • Dec 8, 2010 3:55am Dec 8, 2010 3:55am
usdx on support. atm
those who can, do. those who cant, talk about those who can
  • #341,833
  • Dec 8, 2010 3:56am Dec 8, 2010 3:56am
Quoting Pipwanderer
bulls might come in pa rejected my trendline bount right off it take a look at h1 impressive there at least atm
Well if u dont monitor the trade... 3260 is a wise place for s/l with a decent r:r ratio.
  • #341,834
  • Dec 8, 2010 3:57am Dec 8, 2010 3:57am
Thought it was only Bears which hibernated ,,,,,,,,, seems no the Bulls are as well or is that their all hiding in the highlands
  • #341,835
  • Dec 8, 2010 3:58am Dec 8, 2010 3:58am
Quoting Abu-Rami
Did anyone note what happen at S1 line ? @ 1.3179
price rejected bounced right off a break of we break above 3232 will if lower will short
  • #341,836
  • Dec 8, 2010 3:58am Dec 8, 2010 3:58am
Quoting gatorinla
never mind
:nerd: Why you remove it, it's totally truth !!
  • #341,837
  • Dec 8, 2010 4:00am Dec 8, 2010 4:00am
Quoting gatorinla
usdx on support. atm
what exactly?
  • #341,838
  • Dec 8, 2010 4:00am Dec 8, 2010 4:00am
Quoting moneytrain
I'm looking for a retracement back to the old NFP Support now resistance area of 3250. From there we may go to 2970.
Hi Money train, I have exactly the same in my charts. Hope it does, I'll re-enter then
  • #341,839
  • Dec 8, 2010 4:00am Dec 8, 2010 4:00am

Morning
  • #341,840
  • Dec 8, 2010 4:01am Dec 8, 2010 4:01am
10 Pip Divergence, Bulls are in. I'd say to 3250 or 3280s
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