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  • #343,541
  • Dec 10, 2010 3:10am Dec 10, 2010 3:10am
Quoting PayTheLimit
fool, your bloody priceless, hope your havin a good one...
best day of my mf life, PTL, hope you can say the same
"If The Fool persists in his Folly he will become wise." - William Blake
  • #343,542
  • Dec 10, 2010 3:12am Dec 10, 2010 3:12am
Quoting T@rantula
Thats completely wrong. H4 shows a perfect downtrend and if u had taken short term trades u could have been in an excellent profit.
4H is clearly signaling a downtrend i think bears will touch yesterday low soon
  • #343,543
  • Dec 10, 2010 3:14am Dec 10, 2010 3:14am
Quoting T@rantula
Good day traders.

I have just closed 40 pip trade of EU. I wont trade today anymore but If u dont mind Ill give u the levels.

Yesterday PA printed a new low. If we follow swing projection pattern below 3200 3140 is projected target.

3275 remains crucial to the upside as a clear break leads to 3320 resistance.

Ofcourse looking at intra week trend short is the best option if you want to stay in profit.

T
Attachment
http://www.forexfactory.com/showpost...stcount=343539
I have Add on the top wait my TP for short term
  • #343,544
  • Dec 10, 2010 3:14am Dec 10, 2010 3:14am
Quoting TudorJonesJR
are you sure?
i have a threshold. and if it is hit on the usdx. the eu will climb . ill let you know.. bears don't want just a few pips above 3317... cuase it will go up 140 pips r more after. 80.75 usdx will cancel the trigger..
those who can, do. those who cant, talk about those who can
  • #343,545
  • Dec 10, 2010 3:14am Dec 10, 2010 3:14am
I dunno guys.. usdx doesn't look that strong.... still not sure about the downmove..
  • #343,546
  • Dec 10, 2010 3:15am Dec 10, 2010 3:15am
Quoting T@rantula
Thats completely wrong. H4 shows a perfect downtrend and if u had taken short term trades u could have been in an excellent profit.
it still amazes me how some can still not see it, for me the larger time frames
eventually always reveal the direction of the market
"Your Best trade is a loss with minimum risk"
  • #343,547
  • Dec 10, 2010 3:19am Dec 10, 2010 3:19am
Quoting egkid
http://www.forexfactory.com/showpost...stcount=343539
I have Add on the top wait my TP for short term
Very nice bro. We never know what can happen on Fridays. As my trades are mostly intraday or 2 days at maximum ( h4) i really prefer consistency with a small risk. I closed all my trades for the week.
  • #343,548
  • Dec 10, 2010 3:21am Dec 10, 2010 3:21am
Quoting TudorJonesJR
I dunno guys.. usdx doesn't look that strong.... still not sure about the downmove..
i call them mofu's for just that reason. they like to have sex with me.
Attached Image
those who can, do. those who cant, talk about those who can
  • #343,549
  • Dec 10, 2010 3:23am Dec 10, 2010 3:23am
Quoting gatorinla
i have a threshold. and if it is hit on the usdx. the eu will climb . ill let you know.. bears don't want just a few pips above 3317... cuase it will go up 140 pips r more after. 80.75 usdx will cancel the trigger..
3320 interim resistance. Bears really try to push hard. Weekly close below 3200 will signal further downfall.

Maybe i am little aggresive with my MM but I prefer conservative trades.

P.S...conservative way of trading
  • #343,550
  • Dec 10, 2010 3:30am Dec 10, 2010 3:30am
Okay I am out. UK PPI out soon. I don't want to risk the profit against the result.
  • #343,551
  • Dec 10, 2010 3:30am Dec 10, 2010 3:30am
Quoting Forexbiz
it still amazes me how some can still not see it, for me the larger time frames
eventually always reveal the direction of the market

Larger time frames takes too long to confirm reversals. At least for short day traders. Anyway, all time frames tell you what is the trend now, not what will be the trend from now on
  • #343,552
  • Dec 10, 2010 3:31am Dec 10, 2010 3:31am
Quoting Beacon
Okay I am out. UK PPI out soon. I don't want to risk the profit against the result.
*grumbles* It got postponed...
  • #343,553
  • Dec 10, 2010 3:33am Dec 10, 2010 3:33am
Quoting T@rantula
3320 interim resistance. Bears really try to push hard. Weekly close below 3200 will signal further downfall.

Maybe i am little aggresive with my MM but I prefer conservative trades.

P.S...conservative way of trading
we are on the same page. a little scalping strategy i have used triggered today. it is usually pretty good on showing moves. it points to 3136...
those who can, do. those who cant, talk about those who can
  • #343,554
  • Dec 10, 2010 3:37am Dec 10, 2010 3:37am
took a small long @ 1.3226 with tight stop reason disclosed above..
  • #343,555
  • Dec 10, 2010 3:38am Dec 10, 2010 3:38am
Quoting gatorinla
we are on the same page. a little scalping strategy i have used triggered today. it is usually pretty good on showing moves. it points to 3136...
yes. exactly. As my swing projection.
  • #343,556
  • Dec 10, 2010 3:39am Dec 10, 2010 3:39am
though this is an EU place...anyone following $Jpy?
  • #343,557
  • Dec 10, 2010 3:40am Dec 10, 2010 3:40am
Quoting coldrecs
Larger time frames takes too long to confirm reversals. At least for short day traders. Anyway, all time frames tell you what is the trend now, not what will be the trend from now on
Yes. I usually confirm a reversal if PA breaks previous swing low/high and goes near/above 100% of fib retracement. SMA 100 is also useful as we dont want PA anywhere near SMA 100
  • #343,558
  • Dec 10, 2010 3:43am Dec 10, 2010 3:43am
Quoting TudorJonesJR
took a small long @ 1.3226 with tight stop reason disclosed above..
IMO, Not a bad option. Actually is the best r:r intraday until a further break down in my books.

Good luck

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #343,559
  • Dec 10, 2010 3:44am Dec 10, 2010 3:44am
Quoting gatorinla
we are on the same page. a little scalping strategy i have used triggered today. it is usually pretty good on showing moves. it points to 3136...
Almost my weekly Target
  • #343,560
  • Dec 10, 2010 3:45am Dec 10, 2010 3:45am
Quoting T@rantula
yes. exactly. As my swing projection.
look at that monkey swinging on the 3780 pullback... 1.2008...
those who can, do. those who cant, talk about those who can
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