lookout with your longs positions we still are in a downtrend not too strong but it can change very fast. i will wait for 1.327/8 to see what happen there...
So get ready!
- #341,903
- Dec 8, 2010 5:16am Dec 8, 2010 5:16am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #341,906
- Dec 8, 2010 5:17am Dec 8, 2010 5:17am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
I was thinking the same.
Somehow I knew you were from the US by your post.lol
- #341,907
- Dec 8, 2010 5:18am Dec 8, 2010 5:18am
- | Joined Mar 2009 | Status: Trader | 2,247 Posts
I love this thread
20 pips either ways and you start seeing this crazy targets out of the blue
20 pips either ways and you start seeing this crazy targets out of the blue
I SEE YOU !!
- #341,908
- Dec 8, 2010 5:19am Dec 8, 2010 5:19am
- | Joined Oct 2008 | Status: Trader | 1,072 Posts
Yeeesssssssss, I'm a New Jersey boy!!!!!!!!!
- #341,911
- Dec 8, 2010 5:24am Dec 8, 2010 5:24am
- | Joined Oct 2008 | Status: Trader | 1,072 Posts
LOL hatch. Snatch is a common name for something here in the US.lol
Peace to all and many green pips.
- #341,912
- Dec 8, 2010 5:24am Dec 8, 2010 5:24am
- Joined Jan 2010 | Status: Trader | 11,001 Posts
LOL hatch. Snatch is a common name for something here in the US.lol
- #341,913
- Dec 8, 2010 5:24am Dec 8, 2010 5:24am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #341,914
- Dec 8, 2010 5:25am Dec 8, 2010 5:25am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
- #341,916
- Dec 8, 2010 5:25am Dec 8, 2010 5:25am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Hi,
There is no proper chart to show profit taking.
But here is my reasons why i said it was not profit taking :
Since it broke 1,3250 it went down on low vol, all the volume appeared on the doji (H1) or compressed bar (for me a compressed bar. The volume was high went it hit the support, then it bounced off.
From my experience when i see big vol like that its not profit taking but people positioning in a trade.
i will try to post a chart detailing what i said.
Now the highest daily target is 1,3385.
targets for longs are
1,3265-80
1,3300-10
1,3385-1,3400
We'll...
The purple circle are the high vol on compressed or doji bar...probably buyers stepping in so you can't see them
The blue circle is a reversal pattern confirmed by a follow through.
It might bounce off 1,3230 to go to the first resistance.
Time will tell...and my SL will be there.
I might be totally wrong though!
COT: The precious data ignored
- #341,919
- Dec 8, 2010 5:27am Dec 8, 2010 5:27am
- | Joined Oct 2008 | Status: Trader | 1,072 Posts
lots of crack smokers in forex
- #341,920
- Dec 8, 2010 5:28am Dec 8, 2010 5:28am
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
Not sure what that means, don't do any of that stuff but would it help in trading forex better?