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  • #357,901
  • Jan 4, 2011 10:24am Jan 4, 2011 10:24am
Quoting jezek5
Cable to 5570 ,but chunnel really needs to pick its skirt up and run a bit.
Come girl you can do it.
$ did the dirty work in the end ,got there,thats the main thing.
Guess i should have traded it but i'd already made my money for the day.
You can remain irrational longer than you can remain solvent.
  • #357,902
  • Jan 4, 2011 10:24am Jan 4, 2011 10:24am
Quoting cloggie
No, just PA. MM is a pretty darn good tool though for those that can't/don't know how to calculate intraday pivot/SR levels. Anyone interested in intraday levels woud do pretty good using a MM indy. It tends to be out here and there, especially on tops/bottoms, but as long as you use it as a guide it can be useful. Another handy one is Cams. Kill and Digger use them pretty succesfully. I use neither, have moved on really from Indies.

thanks for the answer cloggie
  • #357,903
  • Jan 4, 2011 10:25am Jan 4, 2011 10:25am
Quoting buonvangvn
sl hit one today, only 290 pips
you have ran a trade 290 pips minus?

don't give up you can get it back I hope. This is a stay away pair for me at the moment. Far easier trades out there today.
rat
  • #357,904
  • Jan 4, 2011 10:26am Jan 4, 2011 10:26am
Quoting cloggie
My first one is 3322
1.3319 after that 1.3342...?
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Did you place your stop loss order? Why not?!? Story of my life...
  • #357,905
  • Jan 4, 2011 10:26am Jan 4, 2011 10:26am
Quoting PayTheLimit
I have 3316 first, the close of that monster bear candle, 3340 also on my radar..
I'd like to see a short set up here against 3316....pretty bearish
Look Sharp/Trade Tight
  • #357,906
  • Jan 4, 2011 10:26am Jan 4, 2011 10:26am
Quoting rattyo
you have ran a trade 290 pips minus?

don't give up you can get it back,
SL reserves, today I earned 290 pips
  • #357,907
  • Jan 4, 2011 10:28am Jan 4, 2011 10:28am
Quoting cloggie
51 is my tophatch.

I gotten my fill, enjoy the night. 3307 will be the target and key for this session.
Good call but PA did go roughly 80 pips in the other direction from when you made this call. I don't know whether posters have stops as large as that on this thread.

PA has been good for both bulls and bears.
Nothing worth having is easy.
  • #357,908
  • Jan 4, 2011 10:30am Jan 4, 2011 10:30am
Quoting jezek5
What time frame.

When all is said and done we are still in a range,look at $dx,
break to top at 79.50 or 78.75 is when the fun will really get going,will it happen today,not got a clue.
But thanks for talking to me,kind of feel like i'm talking to myslef.
Cheers

Still in that range.
You can remain irrational longer than you can remain solvent.
  • #357,909
  • Jan 4, 2011 10:30am Jan 4, 2011 10:30am
Quoting Patience
Good call but PA did go roughly 80 pips in the other direction from when you made this call. I don't know whether posters have stops as large as that on this thread.

PA has been good for both bulls and bears.

That was last night's session, Asia. The DP kept it long during the session and it became a dead session instead. Look at some of the follow on posts, pivot trading is crucial during Asain sessions. However I carried the target over to the London session as the fundamentals were pretty much pointing down all morning and the numbers from the US confirmed that.

Quoting cloggie
. 3307 will be the target and key for this session.
  • #357,910
  • Jan 4, 2011 10:30am Jan 4, 2011 10:30am
Quoting PayTheLimit
I'd like to see a short set up here against 3316....pretty bearish
Turned from bullish to bearish on a dime...
Looks like all asset classes are moving to risk off trade.
  • #357,911
  • Jan 4, 2011 10:32am Jan 4, 2011 10:32am
Quoting iflyjetzzz
Turned from bullish to bearish on a dime...
Looks like all asset classes are moving to risk off trade.

I see it as a range forming here. Could be a few setups short for scalpers though, not my kinda trading. We still haven't seen my bounce target yet.
  • #357,912
  • Jan 4, 2011 10:33am Jan 4, 2011 10:33am
Quoting bradu
thanks for the answer cloggie
Bradu just for extra info, Cloggie mentioned in Nov last year that EURUSD moves in 20pip waves/vibrations. This is very VERY similar to MM's concept of 19.5 fractal (based on the 12.50 to 100 square and also based on the time frame you are trading at). This is what caught my attention about Cloggie's approach which really lends itself to MM's frame as a guide.

But... don't use MM as a trading trigger though. It's not enough.
This year, I've set myself the target of learning more fundies as knowledge of where cash is moving to/from will always kill a Fib indy in some noobie's bedroom PC.
A pip is only worth it if you know how much you risked to earn it
  • #357,913
  • Jan 4, 2011 10:34am Jan 4, 2011 10:34am
Quoting iflyjetzzz
Turned from bullish to bearish on a dime...
Looks like all asset classes are moving to risk off trade.
well after such a big down bar, if they cant even make it above the close of that bar, pretty bearish to me, waiting for a 2min sell to target 3273 area...

ps, get some trade over 3316/18, could open up 3340 quick, I'd look for a short against that then
Look Sharp/Trade Tight
  • #357,914
  • Jan 4, 2011 10:35am Jan 4, 2011 10:35am
sorry guys couldnt resist it, as it fell out of its uptrend in a way i didnt expect so entered another short for free on the house and targeting low 3200s...

good luck

it will need a magician to come back up, so be on the look out for the chinese govt lol
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  • #357,915
  • Jan 4, 2011 10:35am Jan 4, 2011 10:35am
Time to check usdx chart , last bull within the bear & bear continuation set up, nothing special yet & so eu bull may not be over yet , good ranging possible at least at top.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #357,916
  • Jan 4, 2011 10:35am Jan 4, 2011 10:35am
Quoting cloggie
I see it as a range forming here. Could be a few setups short for scalpers though.
Yep, though I wouldn't be surprised to see some algo pump into NY close. Break will expose 3250, below then stl. Probably not until London.
  • #357,917
  • Jan 4, 2011 10:37am Jan 4, 2011 10:37am
Quoting vlady1974
This year, I've set myself the target of learning more fundies as knowledge of where cash is moving to/from will always kill a Fib indy in some noobie's bedroom PC.

Fundies, correlation and money flow gives you the trend for the day, the technicals and the news (if you know what you are doing) gives you your entries.
  • #357,918
  • Jan 4, 2011 10:37am Jan 4, 2011 10:37am
simple pivot calculation .

High+low+close divide by 3 .

You can split the sessions into 4hr intervals and use your previous 4hr candle to calculate a pivot for the next 4hr session .
do the same for yesterdays daily candle and you got yourself some pivots.

As driver says above long below short.
Hope this helps buddies
making green pips large and red pips small this is my goal.
  • #357,919
  • Jan 4, 2011 10:37am Jan 4, 2011 10:37am
Quoting PriceVolume
Yep, though I wouldn't be surprised to see some algo pump into NY close. Break will expose 3250, below then stl. Probably not until London.
has to get through the mpp.. i didn't expect it to on the first try today.
those who can, do. those who cant, talk about those who can
  • #357,920
  • Jan 4, 2011 10:38am Jan 4, 2011 10:38am
Quoting cloggie
We still haven't seen my bounce target yet.

Sorted.

Quoting cloggie
My first one is 3322
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