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EURUSD

  • #354,381
  • Dec 30, 2010 3:32am Dec 30, 2010 3:32am
Quoting PayTheLimit
long 3239, sl 3225, tp 3265...
tp 3274 now...screw it, its so thin
Look Sharp/Trade Tight
  • #354,382
  • Dec 30, 2010 3:33am Dec 30, 2010 3:33am
Quoting apt
Looks like we're headed to 1.3275.

Short closed at 1.3251, loss of 9 pips.
You haven't per chance looked at the weekly candle recently have you?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #354,383
  • Dec 30, 2010 3:34am Dec 30, 2010 3:34am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting PayTheLimit
tp 3274 now...
PTL, I like a lot of your posts, but nothing changed from 1.3265 to 1.3274,

Your TP should have always been 1.3174/75.

IMO.
  • #354,384
  • Dec 30, 2010 3:34am Dec 30, 2010 3:34am
Looks like i gotta bail also .. was short about 7 mini contracts sincec 1.32345 .. told myself if it breaches 1.3251 i'm outta there
There is no royal road to anything.
  • #354,385
  • Dec 30, 2010 3:35am Dec 30, 2010 3:35am
Quoting apt
Use the low of December 23rd, which is 1.3054 on my chart.

And the high of December 14th, which is 1.3498 on my chart.

The respected Fib Line of 61.8% ends up at 1.3223.
ok so the 14th and todays 4H chart both show MACD & STO at the top so surely another big drop?? as price has not clearly broke 50% Fib also.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4H.JPG Size: 159 KB
  • #354,386
  • Dec 30, 2010 3:35am Dec 30, 2010 3:35am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Magix
You haven't per chance looked at the weekly candle recently have you?
Nah I didn't, but even looking at it now doesn't change the fact that I thought it would at least hit the Fib before another bounce.

Regardless, the weekly means nothing to me, the entire weekly moved was based off a 2 hour move yesterday afternoon.
  • #354,387
  • Dec 30, 2010 3:36am Dec 30, 2010 3:36am
Quoting apt
PTL, I like a lot of your posts, but nothing changed from 1.3265 to 1.3274,

Your TP should have always been 1.3174/75.

IMO.
Nothing personal, and don't take this as a shot...

But didn't you just get stopped out of your trade for going the wrong way?

I think PTL got it under control....

3301 possible, H4 200EMA
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #354,388
  • Dec 30, 2010 3:36am Dec 30, 2010 3:36am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting gh0stjpy
ok so the 14th and todays 4H chart both show MACD & STO at the top so surely another big drop?? as price has not clearly broke 50% Fib also.
Correct, price was rejected off 50% fibo a few days ago, like a slap in the face.
http://www.maniacworld.com/nasty-slap-in-the-face.jpg
  • #354,389
  • Dec 30, 2010 3:37am Dec 30, 2010 3:37am
Quoting apt
PTL, I like a lot of your posts, but nothing changed from 1.3265 to 1.3274,

Your TP should have always been 1.3174/75.

IMO.
I have resistance at 3165, but since its so thin I figure that if we go near there they will push through...well see, first we need a close above 3149 on the hourly....
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 26 KB
Look Sharp/Trade Tight
  • #354,390
  • Dec 30, 2010 3:38am Dec 30, 2010 3:38am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Magix
Nothing personal, and don't take this as a shot...

But didn't you just get stopped out of your trade for going the wrong way?

I think PTL got it under control....

3301 possible, H4 200EMA
Yeah, but a clear break of 1.3250 promotes a run to the 50% fib line, not a run to 10 pips before it.

Anyways, this is too whipsaw right now, headed back down. Seems it could have been a small fake out past the tested overnight resistance of 1.3250, nothing is for sure.

I shouldn't have taken that short though, my pending shorts were at 1.3275 and 1.3215 below S/R.

Just got greedy.
  • #354,391
  • Dec 30, 2010 3:39am Dec 30, 2010 3:39am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting PayTheLimit
I have resistance at 3165, but since its so thin I figure that if we go near there they will push through...well see, first we need a close above 3149 on the hourly....
How did you come up with that resistance?

I only use Fibs for S/R, so I'm always open to new ideas.
  • #354,392
  • Dec 30, 2010 3:40am Dec 30, 2010 3:40am
all in all we are dealing with a shit market, its as thin as some of my well worn underwear...
Look Sharp/Trade Tight
  • #354,393
  • Dec 30, 2010 3:41am Dec 30, 2010 3:41am
Quoting apt
How did you come up with that resistance?

I only use Fibs for S/R, so I'm always open to new ideas.
which 3149 or 3165?
Look Sharp/Trade Tight
  • #354,394
  • Dec 30, 2010 3:41am Dec 30, 2010 3:41am
Quoting apt
Yeah, but a clear break of 1.3250 promotes a run to the 50% fib line, not a run to 10 pips before it.

Anyways, this is too whipsaw right now, headed back down. Seems it could have been a small fake out past the tested overnight resistance of 1.3250, nothing is for sure.

I shouldn't have taken that short though, my pending shorts were at 1.3275 and 1.3215 below S/R.

Just got greedy.
Are you in any long trades?

This is backwards logic. IF you see price going up, instead of guessing where top is to sell from, why not play longs to that point? From there take profit and if you want chance a counter....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #354,395
  • Dec 30, 2010 3:41am Dec 30, 2010 3:41am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting PayTheLimit
all in all we are dealing with a shit market, its as thin as some of my well worn underwear...
& dirty.
  • #354,396
  • Dec 30, 2010 3:43am Dec 30, 2010 3:43am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Magix
Are you in any long trades?

This is backwards logic. IF you see price going up, instead of guessing where top is to sell from, why not play longs to that point? From there take profit and if you want chance a counter....
Bro, my short is based off this 15M candle, 30 minutes ago.

http://i56.tinypic.com/2jafdhh.png

And top wasn't a guess, it was a GUESSTIMATE! 1.3250 has been resistance throughout Asian session.
  • #354,397
  • Dec 30, 2010 3:45am Dec 30, 2010 3:45am
base on my charting.. which i can't see to upload.. if we do not hit 46 in about 5 mins then can i say that it's going down?
There is no royal road to anything.
  • #354,398
  • Dec 30, 2010 3:47am Dec 30, 2010 3:47am
lol .. it hit past 46 .. guess we are not going down then
There is no royal road to anything.
  • #354,399
  • Dec 30, 2010 3:48am Dec 30, 2010 3:48am
Quoting apt
Bro, my short is based off this 15M candle, 30 minutes ago.
And top wasn't a guess, it was a GUESSTIMATE! 1.3250 has been resistance throughout Asian session.


Aight man...keep on keeping on...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #354,400
  • Dec 30, 2010 3:48am Dec 30, 2010 3:48am
I think as it moves right now test of 1.3358 is very possible.
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
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