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  • #365,221
  • Jan 14, 2011 11:48am Jan 14, 2011 11:48am
Quoting prezd
so you're into monkey business ?!

i also do something similar occasionally,
like hanging huge billboards on buildings


Bet u have allot of Crane time.
  • #365,222
  • Jan 14, 2011 11:53am Jan 14, 2011 11:53am
Good day to you,

I have looked at the 4hr and have decided to attempt a short trade from the current levels. We do have a retrace indication and some distance to play with. Entry @ 1.33439.

Going to leave this open and will add if we move a bit higher.

Hope to achieve a positive result.

Regards
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  • #365,223
  • Jan 14, 2011 11:54am Jan 14, 2011 11:54am
Quoting PhAnTi'
my pee tells me that market will see 3500 level to kick out the 100 pip sl guys before heading to 2900
then you gotta pee more often mate.
now seriously... the f^%ers have to sell a lot so that prices goes high
to 3500 and then wait for SL and margins to kick in?
that won't move market a lot down, say 100p back to 3400.

where's the catch ?
  • #365,224
  • Jan 14, 2011 11:55am Jan 14, 2011 11:55am
Quoting cloggie
Correct, no big deal really.
hi cloggie, how are you today?

today was a good day as i said earlier i just shorted every time it was going to 3370 -80 .

i think because i am new in this i find quiet days a lot more predictable and profitable.

especially now that i dont get nervous anymore i just wait till it goes the direction i want it to go

i was telling vladi earlier even when eventually i will be wrong and it will break up or down from 20 i still was right 4 times
  • #365,225
  • Jan 14, 2011 11:55am Jan 14, 2011 11:55am
Quoting EuroTrader
If he wants to sort the bullshit he can start with you

Apologies for jumping down your neck earlier
  • #365,226
  • Jan 14, 2011 11:56am Jan 14, 2011 11:56am
checking after some time , need 3320 breaks for the goals.pullback should be over & play hs .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #365,227
  • Jan 14, 2011 11:56am Jan 14, 2011 11:56am
Quoting ForexTreeGuy
Bet u have allot of Crane time.
hey forex tree, i live in a city... trees here are only for decoration or for all the dogs to pee on pity.
  • #365,228
  • Jan 14, 2011 11:59am Jan 14, 2011 11:59am
Quoting prezd
then you gotta pee more often mate.
now seriously... the f^%ers have to sell a lot so that prices goes high
to 3500 and then wait for SL and margins to kick in?
that won't move market a lot down, say 100p back to 3400.

where's the catch ?
depending on the MM it does actually not matter where we enter right now,
anyway we will see 3000 2900 level next week.

the higher the better,
buy low sell high , isnt it?
Hero calls followed by margin calls...
  • #365,229
  • Jan 14, 2011 12:00pm Jan 14, 2011 12:00pm
Yo Clogster~! I am still waiting for a responce from a couple of hours ago. Maybe you didn't see my post?

Cheers
Luck has no place in trading. Leave that for the poker table.
  • #365,230
  • Jan 14, 2011 12:01pm Jan 14, 2011 12:01pm
Quoting alexxi
now that i dont get nervous anymore i just wait till it goes the direction i want it to go
But still always with realistic stops or abandon levels in place or being monitored, yes?
  • #365,231
  • Jan 14, 2011 12:01pm Jan 14, 2011 12:01pm
Quoting EuroTrader
IGM)[FITCH CUTS GREECE TO JUNK] Fitch has cut the Greek sovereign debt rating (long-term foreign and local debt) to...

[FITCH CUTS GREECE TO JUNK] Fitch has cut the Greek sovereign debt rating (long-term foreign and local debt) to junk, at BB+, outlook negative. With Fitch joining in, that makes it 3 for 3 - all the big ratings agencies give Greece a junk rating. Fitch argues that the high public debt burden means Greece is vulnerable to insolvency in the face of shocks.
i


isnt that from may??
  • #365,232
  • Jan 14, 2011 12:03pm Jan 14, 2011 12:03pm
Quoting cloggie
Apologies for jumping down your neck earlier
No problem, usually I don't react on small things .... but now I fell tired taht make more nervous than usual
  • #365,233
  • Jan 14, 2011 12:04pm Jan 14, 2011 12:04pm
Quoting OldQuant
But still always with realistic stops or abandon levels in place or being monitored, yes?
of course, always put a realistic tp and sl . depends how i feel about the trade i make it more or less.

thanks old quant , i was lucky to learn fast !!! i guess since i didnt know ANYTHING i could learn fast as everything was new , i even had to study what nfp is and pivots

what i am learning now based on trial and error is when to make sl a lot smaller than tp (when scalping ) and when to give myself a wider sl for example today when it goes up and down 5 times or 6 times already
  • #365,234
  • Jan 14, 2011 12:04pm Jan 14, 2011 12:04pm
Quoting prezd
what's that fib on, intraday L / H ?
Yes that was a Fib which was drawn before the move. I forgot to delete it as we have a new high, so it needs to be redrawn. In an uptrend FIB retracement is drawn from the tip of the swing low to the tip of the last swing high. Always try to pick a bigger, more obvious swing preferably near the TL.
  • #365,235
  • Jan 14, 2011 12:05pm Jan 14, 2011 12:05pm
Quoting ForexTreeGuy
Bet u have allot of Crane time.
yea.. like none.
crane is expensive.
much more than a bunch of lines, some gear and hanging time.
lucky i don't hang a lot lately, my legs get numb after some time...
  • #365,236
  • Jan 14, 2011 12:05pm Jan 14, 2011 12:05pm
Quoting liquidtrada
i


isnt that from may??

No, but don't have any impact
  • #365,237
  • Jan 14, 2011 12:07pm Jan 14, 2011 12:07pm
Quoting T@rantula
Yes that was a Fib which was drawn before the move. I forgot to delete it as we have a new high, so it needs to be redrawn. In an uptrend FIB retracement is drawn from the tip of the swing low to the tip of the last swing high. Always try to pick a bigger, more obvious swing preferably near the TL.
Corrected.

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  • #365,238
  • Jan 14, 2011 12:10pm Jan 14, 2011 12:10pm
What the heck just happened??
  • #365,239
  • Jan 14, 2011 12:11pm Jan 14, 2011 12:11pm
Quoting mrxit
What the heck just happened??
hmmmm nothing?
Hero calls followed by margin calls...
  • #365,240
  • Jan 14, 2011 12:14pm Jan 14, 2011 12:14pm
Quoting T@rantula
Corrected.

Attachment
I'm not as long as you into trading, but since FIB is about levels of move/retrace, isn;t it better if you draw 2 fibs instead of one on this TF ?
the one you had (yesterday's move) + a new one on the move today ?


yesterday's fib 23 gave the exact retr. level + support of today.
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