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  • #401,681
  • Mar 7, 2011 1:21am Mar 7, 2011 1:21am
Quoting Texas.Rich
Don't you want to wait for more of a confirmation? & with 'risk-off' with the middle east ... I am not sure .. {have you seen gold, silver & oil prices?}

It just hasn't closed above the 1hour trend line yet.

I am just more curious then anything, I don't like to place a trade at the end of the Asian market and within an hour or two of Euro market.

Updating the chart for you now that target 1 was hit hold on....I will address!
  • #401,682
  • Mar 7, 2011 1:21am Mar 7, 2011 1:21am
Short 1.3992 based on posted charts.. Hopefully will be in the green. Safe trading. Catch yee in US session

Quoting pipper
Looking for some retracement before push up to 1.42
Disclaimer: Check your 1m charts
  • #401,683
  • Mar 7, 2011 1:22am Mar 7, 2011 1:22am
Damn trend lines, they always behave until I decide to make a trade on them.
  • #401,684
  • Mar 7, 2011 1:27am Mar 7, 2011 1:27am
To answer your question Rich:

I do keep track of what is going on with topics like those you mentioned but do not base any trading off them. There is ALWAYS a reason to not be in the market

----The way I trade is based ONLY on the golden ratio (don't mess with trendlines unless I am using them to predict WHEN I will get a swing high or low on my golden level.

We should make a high at the green TP here...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 17 KB
  • #401,685
  • Mar 7, 2011 1:33am Mar 7, 2011 1:33am
Quoting FishHead
Damn trend lines, they always behave until I decide to make a trade on them.
Yep. Trends usually end when you spot them. If it were otherwise, we all would be disgustingly rich.
  • #401,686
  • Mar 7, 2011 1:39am Mar 7, 2011 1:39am
Quoting T.E.Lawrence
Yep. Trends usually end when you spot them. If it were otherwise, we all would be disgustingly rich.
It's more along the lines of I spot it, let it hit a boundary to test it, then jump in on the next one where the trend generally breaks.

I really don't know why I bother drawing them after all these years.
  • #401,687
  • Mar 7, 2011 1:39am Mar 7, 2011 1:39am
frankie..., love him or hate him...
Look Sharp/Trade Tight
  • #401,688
  • Mar 7, 2011 1:40am Mar 7, 2011 1:40am
Quoting FishHead
Damn trend lines, they always behave until I decide to make a trade on them.
lol you are half right.

When it reaches a trend line 2 things will happen.
1)People will close off to take profit. If you were long before, you close out now.
2)New people will come in in the opposite direction. People will short here because it is the best risk/reward place.

Your job is not to buy into a selloff. Either wait for a breakout or join the counter traders. If you are neither of these you are sure to buy at the highest point (and see price fall shortly)
  • #401,689
  • Mar 7, 2011 1:41am Mar 7, 2011 1:41am
moodys downgraded greece note.
  • #401,690
  • Mar 7, 2011 1:43am Mar 7, 2011 1:43am
Quoting drumdude
To answer your question Rich:

I do keep track of what is going on with topics like those you mentioned but do not base any trading off them. There is ALWAYS a reason to not be in the market

----The way I trade is based ONLY on the golden ratio (don't mess with trendlines unless I am using them to predict WHEN I will get a swing high or low on my golden level.

We should make a high at the green TP here...
LOL .. need I say more, you just ate your words about 5 secs after you posted ...

Let me quote myself {no offense, just experience of myown and I was not saying you were doing bad, I just like better confirmation} bad R:R


Quoting Texas.Rich
Don't you want to wait for more of a confirmation? & with 'risk-off' with the middle east ... I am not sure .. {have you seen gold, silver & oil prices?}

It just hasn't closed above the 1hour trend line yet.

I am just more curious then anything, I don't like to place a trade at the end of the Asian market and within an hour or two of Euro market.
Attached Image (click to enlarge)
Click to Enlarge Name: lol.jpg Size: 54 KB
  • #401,691
  • Mar 7, 2011 1:43am Mar 7, 2011 1:43am
short.. good, thank's bro..
  • #401,692
  • Mar 7, 2011 1:43am Mar 7, 2011 1:43am
Quoting buonvangvn
short 1.3993
Attached Image (click to enlarge)
Click to Enlarge Name: buonvangvn_____yahoo____com.gif Size: 24 KB
  • #401,693
  • Mar 7, 2011 1:47am Mar 7, 2011 1:47am
Quoting Texas.Rich
LOL .. need I say more, you just ate your words about 5 secs after you posted ...

Let me quote myself {no offense, just experience of myown and I was not saying you were doing bad, I just like better confirmation} bad R:R
No offense taken or intended also it hit a lvl 2 pips below the one I had for ultimate TP....not too bad the reason I was saying to get in on the black candle was b/c it was a TP and was going to go up...the R:R was near 2.5:1 on it for the higher green line
  • #401,694
  • Mar 7, 2011 1:51am Mar 7, 2011 1:51am
Quoting drumdude
No offense taken or intended also it hit a lvl 2 pips below the one I had for ultimate TP....not too bad the reason I was saying to get in on the black candle was b/c it was a TP and was going to go up...the R:R was near 2.5:1 on it for the higher green line
? It dropped in a tick, your SL was hit unless you knew that was coming ...

I am sorry, I just don't believe you were in the positive with that trade, you either broke even or lost some on slippage.

and it didn't reach 1.4002 ... done
  • #401,695
  • Mar 7, 2011 1:51am Mar 7, 2011 1:51am
If this candle is the high then we can track short and look for longs for the week
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd short.gif Size: 17 KB
  • #401,696
  • Mar 7, 2011 1:52am Mar 7, 2011 1:52am
Quoting thelws
Where did you hear that?

And it doesn't mean anything unless you know where they are located Everyone knows a retrace is long overdue. We know its coming and we are prepared. But knowing where exactly it'll happen would be best
The large number of short contracts opened (281K) March 1st was on MSNBC Europe at the open of the broadcast. They also announced a Moodys downgrade to the Euro. But nobody listens to Moodys much anymore!
  • #401,697
  • Mar 7, 2011 1:54am Mar 7, 2011 1:54am
Quoting Redeemed1
The large number of short contracts opened (281K) March 1st was on MSNBC Europe at the open of the broadcast. They also announced a Moodys downgrade to the Euro. But nobody listens to Moodys much anymore!
I think that was futures contracts because spot can't be tracked by 'volume', & I wouldn't personally refer to futures this week until we have clarity on oil supply.
  • #401,698
  • Mar 7, 2011 1:56am Mar 7, 2011 1:56am
Quoting Texas.Rich
? It dropped in a tick, your SL was hit unless you knew that was coming ...

I am sorry, I just don't believe you were in the positive with that trade, you either broke even or lost some on slippage.

and it didn't reach 1.4002 ... done
You can think what ever you would like...but should be curious how something can be as accurate as that. Can you tell me within 2 pips where price is going? I don't want to argue, but that was a positive trade and im not sure why you felt like trying to slam it in my face if it was not? Good luck...
  • #401,699
  • Mar 7, 2011 1:57am Mar 7, 2011 1:57am
Quoting drumdude
You can think what ever you would like...but should be curious how something can be as accurate as that. Can you tell me within 2 pips where price is going? I don't want to argue, but that was a positive trade and im not sure why you felt like trying to slam it in my face if it was not? Good luck...
I don't want to argue, but within 5 seconds of your post it dropped to below your SL. Literally within seconds.
  • #401,700
  • Mar 7, 2011 1:59am Mar 7, 2011 1:59am
Quoting Texas.Rich
I don't want to argue, but within 5 seconds of your post it dropped to below your SL. Literally within seconds.

Did you think I was short? Right now it would still not be across my SL (red dotted line)
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