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  • #383,701
  • Feb 10, 2011 6:24am Feb 10, 2011 6:24am
Quoting cloggie
Pipchick is with us too and put it very eloquently in an earlier post.
Daily range at 118 now hard to imagine to drop further now
  • #383,702
  • Feb 10, 2011 6:25am Feb 10, 2011 6:25am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting PayTheLimit
still think this is the key for some reason, dont know maybe I am loosing it...will see shortly I guess
No, you are most likely right.

If we are to test the daily ascending TL, 1.3607 range will be in the picture.
  • #383,703
  • Feb 10, 2011 6:25am Feb 10, 2011 6:25am
Quoting Vladimir1987
Daily range at 118 now hard to imagine to drop further now
what ATR are you using?
Look Sharp/Trade Tight
  • #383,704
  • Feb 10, 2011 6:25am Feb 10, 2011 6:25am
Quoting rashygomez
ok, but for the sake of making things easier, does it serve it's purpose?

No professional trader uses it, there are plenty of retail traders that swear by it. I am the type of trader that ignores each and every retail myth. IF you do want to use liquidity projections as volume you need to know how it is calculated. Volume Indy's on retail platform use tick data to estimate liquidity, nothing else. I trade equities and true volume is definitely a tool I use for trading those markets, it doesn't exist in FX.
  • #383,705
  • Feb 10, 2011 6:27am Feb 10, 2011 6:27am
Quoting cloggie
Pipchick is with us too and put it very eloquently in an earlier post.
  • #383,706
  • Feb 10, 2011 6:27am Feb 10, 2011 6:27am
Quoting PayTheLimit
still think this is the key for some reason, dont know maybe I am loosing it...will see shortly I guess
we all losing it its also yesterday low not tested yet , lets see the news in few
  • #383,707
  • Feb 10, 2011 6:28am Feb 10, 2011 6:28am
Quoting PayTheLimit
what ATR are you using?
I have a pivot indi that shows high low of session, must correct now its 115 pips from high to low.

I looked at those atr but didnt help me cause i look at daily range in pips.

Usually we make 115 per day sometimes more sometimes less, its easier for me to not get caught..
  • #383,708
  • Feb 10, 2011 6:30am Feb 10, 2011 6:30am
3628
tp 3668
sl 3620
i hope it hit
Fundametal is the Trigger....
  • #383,709
  • Feb 10, 2011 6:30am Feb 10, 2011 6:30am
I see wicks, tips and flicks, they’re all over the place…

Hi PipChick, hope all is well. And to all others, or course.

Quoting PipChick
Seeing some bullish hidden divergence on the H1 and m30. 1 hour close below 3610 and the bullish hidden divergence is voided and the HS comes into play. If 3610 holds, then back up with the bull HD.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #383,710
  • Feb 10, 2011 6:31am Feb 10, 2011 6:31am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
1.3605/10 wasn't challenged, should have gotten out at 1.3613 with touch of descending M15 trendline.

Oh well, +12 pips.

Long @ 1.3633, TP 1.3670/90.
  • #383,711
  • Feb 10, 2011 6:33am Feb 10, 2011 6:33am
to go Long.. thats not good today.. 3602 is the next support..
  • #383,712
  • Feb 10, 2011 6:35am Feb 10, 2011 6:35am
Quoting apt
TP 1 hit, cleared 50%, looking for 1.3605 to validate "MINI H&S".
I have never understood several TP levels, I understand using different lot sizes, and adding on to the winners if your playing long term.

But several TP levels doesnt make any sense, you either believe in a trade or you dont.... off course there can be several degrees but that in my eyes should only be adjusted with lot size...

But then again, we are all different...
  • #383,713
  • Feb 10, 2011 6:37am Feb 10, 2011 6:37am
Quoting Shah22
to go Long.. thats not good today.. 3602 is the next support..
Where you getting 02 from?
  • #383,714
  • Feb 10, 2011 6:39am Feb 10, 2011 6:39am
I got a strong mofu at 3612, so far pip perfect...
  • #383,715
  • Feb 10, 2011 6:39am Feb 10, 2011 6:39am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Larseg
I have never understood several TP levels, I understand using different lot sizes, and adding on to the winners if your playing long term.

But several TP levels doesnt make any sense, you either believe in a trade or you dont.... off course there can be several degrees but that in my eyes should only be adjusted with lot size...

But then again, we are all different...
I didn't either until recently.

I clear 50% at the first TP, and then await to see a small bounce and continue in my biased direction, at which point I add the 50% to it again, and get more pips out of it.

Or it hits my first TP, and retraces from there, at which point I make a Manual close, and lose a lesser amount of equity.
  • #383,716
  • Feb 10, 2011 6:42am Feb 10, 2011 6:42am
Quoting FibbinArchie
I got a strong mofu at 3612, so far pip perfect...
also a murrey, also yesterday's low...
  • #383,717
  • Feb 10, 2011 6:42am Feb 10, 2011 6:42am
Quoting Larseg
I have never understood several TP levels, I understand using different lot sizes, and adding on to the winners if your playing long term.

But several TP levels doesnt make any sense, you either believe in a trade or you dont.... off course there can be several degrees but that in my eyes should only be adjusted with lot size...

But then again, we are all different...

Several TP levels, is just another way of saying, scaling out of positions. Having a scaling plan, both as you say adding to winners, and with different TP's/targets, means you are taking advantage of a winning trade on the way in, and using the scaling to protect profits on the way out, letting a bit of your trade run to wherever she goes.

On a personal note, I never have ultimate TP's, price will tell me when she has had enough so I get out. If I leave a trade on overnight, then I use stops after I have booked some before letting the rest run. At that point you are using the market's money and not your own anymore, free trade.

On the same token, you never ever add to a loser, that is just averaging down and will always lead to your eventual downfall. Some of the biggest houses have tried it and failed miserably eventually.
  • #383,718
  • Feb 10, 2011 6:44am Feb 10, 2011 6:44am
fibbi
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  • #383,719
  • Feb 10, 2011 6:45am Feb 10, 2011 6:45am
Buba President Weber Speaks
- he started a speach 10 minutes ago and i dont see anything going on with euro?

Are we all waiting for Unemployment claims that will ahppen in 50 minutes?
We are going long way down, i dont see but i have a fealing if news on unemployment claims will be bad for usd i think we going to jump heavily to maybe 1.37**
?T-PX // LQ-HNT "01101110 01100101 01111010 01101001 01101101"
  • #383,720
  • Feb 10, 2011 6:45am Feb 10, 2011 6:45am
today is

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