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  • #353,181
  • Dec 28, 2010 12:34pm Dec 28, 2010 12:34pm
i put it one S/R below the one i entered. here support was at 1.3113 so sl is below the next one at 1.3093...

Quoting Hda
Wannaberich: Thats a tight stop.
dreams do come true.
  • #353,182
  • Dec 28, 2010 12:39pm Dec 28, 2010 12:39pm
Quoting wannaberich
i put it one S/R below the one i entered. here support was at 1.3113 so sl is below the next one at 1.3093...
Wannaberich: Understood. So your risk reward is 1:1 Question? Is 1.3093 a significant level of support? Do you think its strong enough to hold.
  • #353,183
  • Dec 28, 2010 12:42pm Dec 28, 2010 12:42pm
Looks like Big move coming ....
Let's C Where this Lovely 1H close
  • #353,184
  • Dec 28, 2010 12:44pm Dec 28, 2010 12:44pm
Quoting wannaberich
i put it one S/R below the one i entered. here support was at 1.3113 so sl is below the next one at 1.3093...
In that area anyways....

Daily bottom with no MA(X)...

If it busts threw that who wants to be holding anyways...

Stick to your trade plan, right or wrong...don't let that moron shake ya, market does that well enough on it's own....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #353,185
  • Dec 28, 2010 12:47pm Dec 28, 2010 12:47pm
freefall to the LTL
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  • #353,186
  • Dec 28, 2010 12:49pm Dec 28, 2010 12:49pm
Quoting kill56
wise man let go cable and fiber are u long this time digg is not here it must be u
been flat on both for few hours.. will wait for rollover...maybe go feast...sh*t only tuesday
All systems of divination, like music itself,work through patterns.
  • #353,187
  • Dec 28, 2010 12:51pm Dec 28, 2010 12:51pm
when stock markets closes.(about 2h 5m.... 3cst). if we are below 3111.. this should continue. and 3111 may harden. Asia has been hard on the $ so use caution. if we close below 3111 as described. if we get above its probably not going to last. so i will look for a place to short. with confirmation...

beyond 3111.... 3077...below.. closes below this or further is welcome. both may provide s/r depending on the side we last close on..

still looking for 3034 and 3126.. +
those who can, do. those who cant, talk about those who can
  • #353,188
  • Dec 28, 2010 12:52pm Dec 28, 2010 12:52pm
Quoting egkid
Looks like Big move coming ....
Let's C Where this Lovely 1H close
London packed, only ny left.
Still on holiday mode.
I doubt about the big move regardless where 1hr closes.
  • #353,189
  • Dec 28, 2010 12:56pm Dec 28, 2010 12:56pm
i always like to listen to more experienced traders than me. but very rarely i change my plan once inside a trade. i am keeping this long. in fact i have taken my tp a little bit higher to 3159, below 1.3165 where i believe most sellers will be.

my biggest problem is the lack of patience. in the present situation i identified a possible support. i should have waited for a retest and the start of the upmove. but unfortunately get carried away by emotion and the eagerness to "compensate" for a looser. in this case the 1.3150 entry.

also, and i know i shouldn't, i always let my last trade influence me: today in the morning i had a great entry. i thought i would get a first scalp and then reenter short for a bigger move (i posted this). but as we saw the price went straight down. because of this i have entered 2 longs before waiting for retest. if i would have waited i wouldn't be in the 3150 trade right now. and would be longing around now and not at the first touch of 3110.

let's see what mr market has for me.

green pips

Quoting Magix
In that area anyways....

Daily bottom with no MA(X)...

If it busts threw that who wants to be holding anyways...

Stick to your trade plan, right or wrong...don't let that moron shake ya, market does that well enough on it's own....
dreams do come true.
  • #353,190
  • Dec 28, 2010 1:03pm Dec 28, 2010 1:03pm
Quoting wannaberich
i always like to listen to more experienced traders than me. but very rarely i change my plan once inside a trade. i am keeping this long. in fact i have taken my tp a little bit higher to 3159, below 1.3165 where i believe most sellers will be.

my biggest problem is the lack of patience. in the present situation i identified a possible support. i should have waited for a retest and the start of the upmove. but unfortunately get carried away by emotion and the eagerness to "compensate" for a looser. in this case the 1.3150 entry.

also, and i...
im not contertrending atm..and don't recommend it atm.... but if i was looking for a possible short entry.. i would use this... yellow chart #1 bull. its close to your #

i am on the lookout for a retrace sign... i just don't c it yet.
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those who can, do. those who cant, talk about those who can
  • #353,191
  • Dec 28, 2010 1:03pm Dec 28, 2010 1:03pm
Quoting wannaberich
i always like to listen to more experienced traders than me. but very rarely i change my plan once inside a trade. i am keeping this long. in fact i have taken my tp a little bit higher to 3159, below 1.3165 where i believe most sellers will be.
An ambitious target to be sure, but not impossible....

This really is a goofy time of year to trade and I think the last 24 hours have been the best teller of this. Easy to get stuck or stopped playing in this market...

Not sure if you seen on the last 1m chart I posted, but daily rollover is at about 1.3162. Look at the chart, you will see how after closing below, price tested this resistance area and when was rejected fell like a stone. This is actually quite common...daily roll as your SR tell tale.

Might not be a bad idea to add this little indi to your chart, I know for me personally, it has been a fantastic tool.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #353,192
  • Dec 28, 2010 1:04pm Dec 28, 2010 1:04pm
I picked up long @ 1.3102, I'm betting the asian session will retrace to at least 1.3160, thats my TP anyways.
  • #353,193
  • Dec 28, 2010 1:05pm Dec 28, 2010 1:05pm
Quoting gatorinla
when stock markets closes.(about 2h 5m.... 3cst). if we are below 3111.. this should continue. and 3111 may harden. Asia has been hard on the $ so use caution. if we close below 3111 as described. if we get above its probably not going to last. so i will look for a place to short. with confirmation...

beyond 3111.... 3077...below.. closes below this or further is welcome. both may provide s/r depending on the side we last close on..

still looking for 3034 and 3126.. +
  • #353,194
  • Dec 28, 2010 1:07pm Dec 28, 2010 1:07pm
Quoting Ulterior
freefall to the LTL
sky faling effects so far but doubt free fall , may to 3070 ok still but yet below this may not be without giving much to back .usdx meet resistance & pullback level nearer.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #353,195
  • Dec 28, 2010 1:11pm Dec 28, 2010 1:11pm
how low do you see this week eu?1.3000?
  • #353,196
  • Dec 28, 2010 1:14pm Dec 28, 2010 1:14pm
Quoting Magix
An ambitious target to be sure, but not impossible....

This really is a goofy time of year to trade and I think the last 24 hours have been the best teller of this....
can u just explain what what indicator you are referring to? Fib or S & R? also most exp ppl here say never use any indicator just use price action? i have yesterdays chart and u can see it has been ranging in a channel for over a week, it then breaks out and shoots skywards then drops like a stone????
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  • #353,197
  • Dec 28, 2010 1:14pm Dec 28, 2010 1:14pm
Quoting gatorinla
im not contertrending atm..and don't recommend it atm.... but if i was looking for a possible short entry.. i would use this... yellow chart #1 bull. its close to your #

i am on the lookout for a retrace sign... i just don't c it yet.
retrace may not be a big as we hope for us to find a good short to add or short from, hope I am wrong but Gold is showing signs of dropping even with this bull bar on the daily hence taking this EUR to new lows by thursday. Purely my opininion.
  • #353,198
  • Dec 28, 2010 1:14pm Dec 28, 2010 1:14pm
that's the same as the daily close right?

if so and like pivots, although i know they work fine for many traders, i left them because they are different from broker to broker (due to opening time).

S/R works great for me and i have that level also in my charts too.

more and more i think i have the tools i need to trade. i bet that many would make good money with my charts. i had a good trade in that area. entered long at 1.3140 and left at 1.3163 (it's my last closed trade by the way).

the biggest question still is: why was i all the way down looking for longs????

still think it's impatience. the nearest possible trade on a downer is the retrace, right? it's just not the safest! and always, always i have that feeling that "it can't fall any more" and then it does LOL

hopefully when i get beaten enough the 2 neurons will learn!



Quoting Magix
An ambitious target to be sure, but not impossible....

This really is a goofy time of year to trade and I think the last 24 hours have been the best teller of this....
dreams do come true.
  • #353,199
  • Dec 28, 2010 1:22pm Dec 28, 2010 1:22pm
update h1

still waiting for a break 92 then 62 like my mm never failed me
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  • #353,200
  • Dec 28, 2010 1:31pm Dec 28, 2010 1:31pm
Quoting gh0stjpy
can u just explain what what indicator you are referring to? Fib or S & R? also most exp ppl here say never use any indicator just use price action? i have yesterdays chart and u can see it has been ranging in a channel for over a week, it then breaks out and shoots skywards then drops like a stone????
There are several ways to skin the cat gh0st...for those that are interested in trying the quick n dirty/hit and run an indicator that helps to show true daily opening or roll over pricing can help to keep you on the proper side of things.

As much as nobody expected a 90 pip launch last night, there weren't too many that would have probably guessed that we were going to drop this hard as well...

The chart I posted was a 1m chart showing how after dropping below the daily open, it was retested, the area in the red circle and proved to no longer be support but turned into a line of resistance.

As far as an indicator goes, it only shows as a line of where price on the daily scale opened, not where your broker says it does...

The indicators and method of trading you find for yourself are personal and specific, and you should no more follow anybody elses trade methods then you should follow the random calls that get dropped into the mass amount of spam posts here....

Posted is a chart that shows daily open...again, it just helps as a point of reference....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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