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  • #369,901
  • Jan 21, 2011 4:01am Jan 21, 2011 4:01am
EUR/USD in a channel, I am short from 1,3580 (ressistance, overlaping fibs, the figure), stop @1.36250.
  • #369,902
  • Jan 21, 2011 4:01am Jan 21, 2011 4:01am
Quoting PhAnTi'
reload longs at 3500-3505 anyway
me too
  • #369,903
  • Jan 21, 2011 4:01am Jan 21, 2011 4:01am
Quoting Stretch
Ok thank you, well I sometimes see those spikes all the way up. So I thought maybe you anticipated that for target 3650.
I took the bait (long) at 3530, no particular TP.
3530 was resistance. If it wasnt friday that could be so-so entry.

Start before London at Frankie then London again. 3505 could have been my entry today in case I didnt have a pending order 3485.

3650 could be hard for Friday as big traders dont want to risk money but it could be reached soon. Thats why you see a retracement. Retracement=profit taking. When you close a long position you automatically sell back into the market. When i made zig zag projection it showed 3650. No particular indicators nor PP, just manual work.
  • #369,904
  • Jan 21, 2011 4:02am Jan 21, 2011 4:02am
Quoting Stretch
Closed it again at BE, wasn't overly confident, probably not the end of the retracement, and just read your (Tarantula) comment about 3500 - 3505 for adding longs
.... but not on a Friday (T@ said) ...
  • #369,905
  • Jan 21, 2011 4:02am Jan 21, 2011 4:02am
oraitt..H1 just close n max right now i saw was at 1.35320-1.35400...

n i lock all my 7 short position @ BE+10 (+1 if using 4 decimal point)

Happy weekend all and enjoys ur trade...

cheers

g
  • #369,906
  • Jan 21, 2011 4:04am Jan 21, 2011 4:04am
Quoting Shah22
me too
patience bro
Hero calls followed by margin calls...
  • #369,907
  • Jan 21, 2011 4:05am Jan 21, 2011 4:05am
lol. take a look at the divergence arrows in the indicator window....quiet good, ehh?

Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 43 KB


Hero calls followed by margin calls...
  • #369,908
  • Jan 21, 2011 4:05am Jan 21, 2011 4:05am
Quoting T@rantula
3530 was resistance. If it wasnt friday that could be so-so entry.

Start before London at Frankie then London again. 3505 could have been my entry today in case I didnt have a pending order 3485.

3650 could be hard for Friday as big traders dont want to risk money but it could be reached soon. Thats why you see a retracement. Retracement=profit taking. When you close a long position you automatically sell back into the market. When i made zig zag projection it showed 3650. No particular indicators nor PP, just manual work.
Thank you, good information. How do you measure the length of the fallback that the profit taking will cause?
I was planning on being around for london opening, but I was stuck in traffic. too bad. Well next month, more time at home for franky and london opening
  • #369,909
  • Jan 21, 2011 4:05am Jan 21, 2011 4:05am
Quoting T@rantula

Start before London at Frankie then London again.
I prefer taking intraday entries before London somewhere around Frankfurt opening. Then adding in London again in case TP isnt reached fast.
  • #369,910
  • Jan 21, 2011 4:06am Jan 21, 2011 4:06am
Quoting PhAnTi'
reload longs at 3500-3505 anyway
dun ever try to long (even for scalping) if some one pump in big lot for at least 1hr-4hr ..

anyway enjoy ur trade mate....

cheers

g
  • #369,911
  • Jan 21, 2011 4:06am Jan 21, 2011 4:06am
Quoting T@rantula
3530 was resistance. If it wasnt friday that could be so-so entry.

Start before London at Frankie then London again. 3505 could have been my entry today in case I didnt have a pending order 3485.

3650 could be hard for Friday as big traders dont want to risk money but it could be reached soon. Thats why you see a retracement. Retracement=profit taking. When you close a long position you automatically sell back into the market. When i made zig zag projection it showed 3650. No particular indicators nor PP, just manual work.
Morning all,
Who's this Frankie? I've noticed the name mentioned before. Wouldn't be Frankfurt by any chance, would it? Why??
  • #369,912
  • Jan 21, 2011 4:06am Jan 21, 2011 4:06am
Quoting grashid
oraitt..H1 just close n max right now i saw was at 1.35320-1.35400...

n i lock all my 7 short position @ BE+10 (+1 if using 4 decimal point)

Happy weekend all and enjoys ur trade...

cheers

g
i'm with u this time. what's your TP? FE 61.8 / FE 78.6 daily for next week?
  • #369,913
  • Jan 21, 2011 4:07am Jan 21, 2011 4:07am
Quoting Stretch
Thank you, good information. How do you measure the length of the fallback that the profit taking will cause?
I was planning on being around for london opening, but I was stuck in traffic. too bad. Well next month, more time at home for franky and london opening
kinda good question, are there any theories about it? any average ranges?
Hero calls followed by margin calls...
  • #369,914
  • Jan 21, 2011 4:08am Jan 21, 2011 4:08am
Quoting T@rantula
I prefer taking intraday entries before London somewhere around Frankfurt opening. Then adding in London again in case TP isnt reached fast.
Hi Tarantula,

how can you start your entries with Frankfurt when Frankfurt gives out fake breakouts so often?
  • #369,915
  • Jan 21, 2011 4:08am Jan 21, 2011 4:08am
Quoting PhAnTi'
hmm dont like to buy cable at the moment.

good luck.
well, seems to be workin out right now....

cable ist just SICK this week.

speechless : p

for me this is untradeable...
Hero calls followed by margin calls...
  • #369,916
  • Jan 21, 2011 4:10am Jan 21, 2011 4:10am
Quoting grashid
dun ever try to long (even for scalping) if some one pump in big lot for at least 1hr-4hr ..

anyway enjoy ur trade mate....

cheers

g

i dont get , sry

could you please clarify your statement, got some linguistic lacks here
Hero calls followed by margin calls...
  • #369,917
  • Jan 21, 2011 4:10am Jan 21, 2011 4:10am
Quoting Lorna
Morning all,
Who's this Frankie? I've noticed the name mentioned before. Wouldn't be Frankfurt by any chance, would it? Why??
Yes it is. It is commonly used as a Frankie Fake. As there are some fake movements opposed to London. But actually those fakes can be some killer entries if they are in terms with my charts.
  • #369,918
  • Jan 21, 2011 4:13am Jan 21, 2011 4:13am
Quoting PhAnTi'
i dont get , sry

could you please clarify your statement, got some linguistic lacks here
he say --dont try to think of longs --- break of 1.35 was not a real break,its a false break -- we can close below 1.35 anytime soon,and we can drop to 1.30xx before the bull trend continue, or break below and heads to 1.23---

if you want to long above 1.35--we need a breakout-candle
  • #369,919
  • Jan 21, 2011 4:14am Jan 21, 2011 4:14am
Quoting CandleStar
Hi Tarantula,

how can you start your entries with Frankfurt when Frankfurt gives out fake breakouts so often?
Hard to explain it now as I cant show u all my technicals and charts. You would need to sit next to me...step by step.

Short explanation. If my charts show A LONG trend, frankie drives the Price down. Many would believe abd SHORT IT. Then London kicks in and drive the price up. If it is in confluence with my technical elements, I would never play a fake short. Thats when I get long despite many would see it short.

Remember how many times my trading calls were opposed to a majority of traders and went well. Thats because I exploited Frankie fake. Ofcourse long term s/r should be taken into a consideration.
  • #369,920
  • Jan 21, 2011 4:15am Jan 21, 2011 4:15am
good morning all.
got a short running from 1354 and i will hold on for 1350 . hopefully it will be one good trade for the day
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