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  • #378,661
  • Feb 3, 2011 5:39am Feb 3, 2011 5:39am
Quoting PhAnTi'
wanna fight the trend today


no fighting on forum you want to fight the everyone kidding

ok i am going out . see you all before the news!
  • #378,662
  • Feb 3, 2011 5:40am Feb 3, 2011 5:40am
Quoting alexxi
no fighting on forum you want to fight the everyone kidding

ok i am going out . see you all before the news!
i dont mind.
There are a lot who dont like me in here
Hero calls followed by margin calls...
  • #378,663
  • Feb 3, 2011 5:40am Feb 3, 2011 5:40am
Quoting Larseg
If you ask me,
just by asking that question tells me it was a bad idea...
I'm new and I'm learning by trading live, micro lot though.
  • #378,664
  • Feb 3, 2011 5:43am Feb 3, 2011 5:43am
It's a bit early for this but what the heck.....

After last Friday's fall, price came back to retest the LTL of the upmove.
Price then fluctuated either side if this line for a few days this week.
Price this morning broke lower and has broken the next valid LTL.

In my experience once trend lines start to get broken, a cycle is beginning. Like I say, early days, but it's worth keeping an eye on.

3740 will definitely be fought over.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
  • #378,665
  • Feb 3, 2011 5:43am Feb 3, 2011 5:43am
Phanti', I like you
Very sound method tbh
  • #378,666
  • Feb 3, 2011 5:43am Feb 3, 2011 5:43am
36 befor or after the news
  • #378,667
  • Feb 3, 2011 5:44am Feb 3, 2011 5:44am
Quoting Vladimir1987
Rather lose with confirmation than without it!!! Otherwise its just a guess blanc gamble....

Remember that!!!

This is by my opinion a rookie decision which i done yesterday once( sometimes the discipline just let go..).

Tempted short at 3773 hmmm
True, good reminder thanks!
  • #378,668
  • Feb 3, 2011 5:44am Feb 3, 2011 5:44am
Just did a sneaky 21 pips gain (1.3783 to 1.3762).

I still hold a short position from 1.3819 this morning (as posted yesterday).

The 1.377 line has been retested 3 times, if it does not go up now, I think it's going down for a good ride.

Bloody hell with all these news happening at once, it's going to be like a minefield.

If it goes down and close below the Lower Trendline (at 1.373X), could this lead to a full reversal? (your opinion pls)
  • #378,669
  • Feb 3, 2011 5:44am Feb 3, 2011 5:44am
Quoting fr600
I'm new and I'm learning by trading live, micro lot though.
ATTENTION TIP OF THE DAY

If you want to learn how to trade as I said before.

You should,
wait for it........wait for it........ waaaait.... waaaaaaaaait........ observe profitable traders. TADAA!!!

Where you say?
MYfxbook, collective2 etc. look at their results, drawdown etc...
  • #378,670
  • Feb 3, 2011 5:45am Feb 3, 2011 5:45am
Quoting duyk20
Phanti', I like you
Very sound method tbh

I would rather use the bounces of supports as points for scaling in, loads more profitable. But that's me, what do I know.
  • #378,671
  • Feb 3, 2011 5:46am Feb 3, 2011 5:46am
Quoting fr600
I'm new and I'm learning by trading live, micro lot though.

Good idea, in my opinion demo is useless, then again all my trades are on demo. Better yet, I actually write them on cocktail napkins...lol
Look Sharp/Trade Tight
  • #378,672
  • Feb 3, 2011 5:46am Feb 3, 2011 5:46am
We need some muppets ridiculing what we are doing here collectively, then we are in for a good 60 pip run.

This thread is becoming way too agreeable.

They were all here yesterday, where are they? Must be in school or daycare I guess.
  • #378,673
  • Feb 3, 2011 5:47am Feb 3, 2011 5:47am
Quoting ukdaytrader
It's a bit early for this but what the heck.....

After last Friday's fall, price came back to retest the LTL of the upmove.
Price then fluctuated either side if this line for a few days this week.
Price this morning broke lower and has broken the next valid LTL.

In my experience once trend lines start to get broken, a cycle is beginning. Like I say, early days, but it's worth keeping an eye on.

3740 will definitely be fought over.

Attachment
good point,
but current support is key in my opinion.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 35 KB


Phanti
Hero calls followed by margin calls...
  • #378,674
  • Feb 3, 2011 5:47am Feb 3, 2011 5:47am
Quoting PayTheLimit
Good idea, in my opinion demo is useless, then again all my trades are on demo. Better yet, I actually write them on cocktail napkins...lol
<yes
Hero calls followed by margin calls...
  • #378,675
  • Edited 6:01am Feb 3, 2011 5:47am | Edited 6:01am
Hello everyone, newbie here wishing everybody best of luck.
Been following this thread for a few months however remained silent as still learning.

Although Cloggie advises newbies to refrain from countering an intraday trend, I am thinking of playing the retrace of this down move (ie go long @ 3750) for abt 20-30 pips. As big C. says: "Bounces of a treble down are 90% of the time good for 30".

The point is, will we get at 3750? Round numbers (in this case 3750) usually act as strong S/R. I also have daily/H4 support on/abt 3760.

Hmmm...
  • #378,676
  • Feb 3, 2011 5:48am Feb 3, 2011 5:48am
Quoting fr600
I'm new and I'm learning by trading live, micro lot though.
There are 2 schools of thought; let the winners run and take the money and run. Both are very valid, it's a question of mindset. If you're the self loathing type who looks at the charts after the event wondering how much better a trade could have been, then scaling out might work for you.....

BUT, you're then left with the small matter of all those great trades where your other 1/2 gets stopped at B/E and in these kinds of markets this is happenning more and more.

Be happy with whatever decision you make. +20 is good, there will be plenty of chop over the coming few sessions.
  • #378,677
  • Feb 3, 2011 5:48am Feb 3, 2011 5:48am
its braking 3755
may be watch new low
Trade what you see, Not what you think.
  • #378,678
  • Feb 3, 2011 5:48am Feb 3, 2011 5:48am
Quoting Mr Hatch
thanks, gator, pricevolume, driver55, sisse.

I take a bow.

take care.
no prob... lets c if we get our bounce or not after 52... no bounce.. then 3719,, bearish harami didn't change.
those who can, do. those who cant, talk about those who can
  • #378,679
  • Feb 3, 2011 5:48am Feb 3, 2011 5:48am
Quoting cloggie
I would rather use the bounces of supports as points for scaling in, loads more profitable. But that's me, what do I know.
smelly fingers me no like
  • #378,680
  • Feb 3, 2011 5:48am Feb 3, 2011 5:48am
Quoting cloggie
We need some muppets ridiculing what we are doing here collectively, then we are in for a good 60 pip run.

This thread is becoming way too agreeable.

They were all here yesterday, where are they? Must be in school or daycare I guess.

seems they've learned in the past and keep distance from eu thread : p
Hero calls followed by margin calls...
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