Here we go... 
3568 short was ok.closed both with min. loss
sidelined.
dinner.
chilli.
Pha
Trade what you see, Not what you think.
- #381,222
- Feb 7, 2011 11:21am Feb 7, 2011 11:21am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
I agree that Fundies are against the Euro.
Was just a sceptic that we will see a strong down leg right away!
Would you like to explain why allready having had a down leg to 3508 make it more likely that we now get a bigger leg down?
Thanks for helping out
we dropped over 100 pips from 3625, then big take profit actions at 3508 = retrace.
atr still does have room for 3500.
but as i said before, i even closed my shorts....guess that was a bad move.
we'll c
ph.
Hero calls followed by margin calls...
- #381,223
- Feb 7, 2011 11:21am Feb 7, 2011 11:21am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Why do you think a break of 1.3552 will make a big leg down?
I had the same thoughts earlyer today. What is diffrent now ?
Look Sharp/Trade Tight
- #381,226
- Feb 7, 2011 11:23am Feb 7, 2011 11:23am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #381,227
- Feb 7, 2011 11:24am Feb 7, 2011 11:24am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Yep..i'm talking about 2morrow london session.
well tomorrow is a new day with a new closed daily pin. close below 3508 and this baby will see 2900 soon
Hero calls followed by margin calls...
- #381,228
- Feb 7, 2011 11:24am Feb 7, 2011 11:24am
well the bigger the retrace,the bigger will be next down/up leg....that has to do with wave counts etc....
we dropped over 100 pips from 3625, then big take profit actions at 3508 = retrace.
atr still does have room for 3500.
but as i said before, i even closed my shorts....guess that was a bad move.
we'll c
ph.
One more question while I am at it, what does ATR stand for?
- #381,229
- Feb 7, 2011 11:25am Feb 7, 2011 11:25am
- Joined May 2010 | Status: Khizer | 1,387 Posts
naughty short 3550. sl 3570. tp 3500.
im off for some live poker with friends : p
Ph.
see ya later alligators.
Trade what you see, Not what you think.
- #381,230
- Feb 7, 2011 11:25am Feb 7, 2011 11:25am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Thanks you!
One more question while I am at it, what does ATR stand for?
Hero calls followed by margin calls...
- #381,231
- Feb 7, 2011 11:26am Feb 7, 2011 11:26am
Its a zone, and we broke it, now we retested it, and are failing against it, so I expect the market to continue lower. A close (30min/1hr) under the bottom of the zone is what I look for.
When you are looking for a close. Are you looking for a close lower then the wicks of the candles from 4.feb. Or a close lower then their Close
?
- #381,232
- Feb 7, 2011 11:27am Feb 7, 2011 11:27am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Sounds like a good strategy!
When you are looking for a close. Are you looking for a close lower then the wicks of the candles from 4.feb. Or a close lower then ther Close
30min/1hr closes...not daily
Look Sharp/Trade Tight
- #381,233
- Feb 7, 2011 11:30am Feb 7, 2011 11:30am
ah sry
well tomorrow is a new day with a new closed daily pin. close below 3508 and this baby will see 2900 soon
- #381,234
- Feb 7, 2011 11:30am Feb 7, 2011 11:30am
30min/1hr closes...not daily
I mean the 3 x 30min candles From 4. Feb.
If you are looking for a close lower then their close to confirm a down leg, or if you where looking for a close lower then those candles legs.
- #381,235
- Feb 7, 2011 11:32am Feb 7, 2011 11:32am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Ye. I understand.
I mean the 3 x 30min candles From 4. Feb.
If you are looking for a close lower then their close to confirm a down leg, or if you where looking for a close lower then those candles legs.
Look Sharp/Trade Tight
- #381,237
- Feb 7, 2011 11:43am Feb 7, 2011 11:43am
- Joined May 2010 | Status: Khizer | 1,387 Posts
Trade what you see, Not what you think.
- #381,238
- Feb 7, 2011 11:46am Feb 7, 2011 11:46am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
Will fly higher ... you will see ... end of bearish move energy ...
with ... or without extra pure white snow ...
;-|
Candle Volume Chart shows ... London closed ... no serious turnover anymore ...
Market only conducted by a few 'meat puppets' ...
So we wait for new reasons to take a nose ...
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
