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  • #403,461
  • Mar 9, 2011 10:37am Mar 9, 2011 10:37am
Quoting aarontdang
I should see 1.39 by the end of the day
congrats on your target
  • #403,462
  • Mar 9, 2011 10:38am Mar 9, 2011 10:38am
Quoting Venice
On paper, really? Funny, price seems to act this way just about every single time I trade it.

Supply and Demand, that's all there is to it. Don't need to overcomplicate things. A level is either going to hold or it is going to be blown through... watch the charts, play the reaction and trade to the next level.
Hey, if you have figured it out and you are consistently profitable then kudos to you, but in my experience there are still too many times when price will be doing something unexpected leading to some bullshit explanation the next day as to why it happened.

I guess the thing here is that your approach seems to be entirely techical whereas I am still -foolishly- trying to make some macroeconomic sense of fx moves using some fundamental analysis, which leads to the aforementioned frustration.
  • #403,463
  • Mar 9, 2011 10:41am Mar 9, 2011 10:41am
Quoting pinkiaiii
congrats on your target

I never stick to my target ... lolz...
I closed a bit early around 1.3907 ...

My target always missed by couple of pips...
So i just closed them manually ...
I can let couple of pips go
  • #403,464
  • Mar 9, 2011 10:41am Mar 9, 2011 10:41am
That is what stop losses are for.
  • #403,465
  • Mar 9, 2011 10:42am Mar 9, 2011 10:42am


+119 Pips Today

Quoting khizer
short: 3927
Tp: 39
Trade what you see, Not what you think.
  • #403,466
  • Mar 9, 2011 10:48am Mar 9, 2011 10:48am
Now heading toward ... 1.3950 .....
I'll short from there ....
  • #403,467
  • Mar 9, 2011 10:54am Mar 9, 2011 10:54am
Quoting aarontdang
Now heading toward ... 1.3950 .....
I'll short from there ....
Quoting aarontdang
I never stick to my target ... lolz...
I closed a bit early around 1.3907 ...

My target always missed by couple of pips...
So i just closed them manually ...
I can let couple of pips go
Your posts are funny man. I don't have a clue what are you doing but you contradict yourself very often...What don't you post a chart or some TA, FA analysis if you want to contribute and discuss otherwise it seems that you are just showing off but in a very poor way.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #403,468
  • Mar 9, 2011 10:54am Mar 9, 2011 10:54am
Hi Gamblers
The Thief of Wall Street
  • #403,469
  • Mar 9, 2011 11:01am Mar 9, 2011 11:01am
m30...
Attached Image (click to enlarge)
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  • #403,470
  • Mar 9, 2011 11:03am Mar 9, 2011 11:03am
yes it can.

It can go to 1.42X without invalidating what you are saying - aka bear will take over.



Quoting doughnut
Looking at fundamentals i really cant see it going any higher than like you say 1.41 there is divergence on daily and 8 hr chart is showing some promise
  • #403,471
  • Mar 9, 2011 11:03am Mar 9, 2011 11:03am
Quoting T@rantula
USDCHF bought 92.79

s/l 92.64 ( include spread)
Closed 93.04

+ 25 pips
  • #403,472
  • Mar 9, 2011 11:03am Mar 9, 2011 11:03am
Quoting Tenshi28
Hey, if you have figured it out and you are consistently profitable then kudos to you, but in my experience there are still too many times when price will be doing something unexpected leading to some bullshit explanation the next day as to why it happened.

I guess the thing here is that your approach seems to be entirely techical whereas I am still -foolishly- trying to make some macroeconomic sense of fx moves using some fundamental analysis, which leads to the aforementioned frustration.
Then you are reading the charts wrong mate. Yes, their is always an unknown factor, no one can predict the future. However, we can play trades that have a high probability of being correct. I am by no means trying to be discouraging saying this... in-fact the exact opposite. I want you to walk away from this conversation knowing that yes, they can be read, and yes, you can place trades with a high probability of success.

What does it really take? Time, time, and more time. Tons of experience just sitting in front of charts. Reading, watching, and reading and watching. There is no replacement for that.

I know I have already given my fair share of accounts to the markets. Good luck mate, and keep studying. With enough time... anyone can get this stuff... but you have to go through some painful experiences first.
  • #403,473
  • Mar 9, 2011 11:04am Mar 9, 2011 11:04am
Quoting sisse
Your posts are funny man. I don't have a clue what are you doing but you contradict yourself very often...What don't you post a chart or some TA, FA analysis if you want to contribute and discuss otherwise it seems that you are just showing off but in a very poor way.

sisse

I don't hold my positions very long ....
Max i hold is about a day .....
i was short from 1.3930 early .....
and target hit 1.3907 ....

Now it bounce right back after hit below 1.39
Strong resistance ....
lead me to believe it will hit 1.3940/50

You quote my trading ... Its not in order ....
It never go in straight lines ... Zig Zag trading ...
  • #403,474
  • Mar 9, 2011 11:07am Mar 9, 2011 11:07am

Quoting T@rantula
maybe in 2070 if we survive 2012
  • #403,475
  • Mar 9, 2011 11:07am Mar 9, 2011 11:07am
Quoting Marioa01
T - question for you .

for the most part, do you get your signals off timeframes greater than 30M, and then look for confirmation and entry levels using lower tf's and s/r levels?

cheers & thx
Yes.

There are 2 methods I have been using.
1) Top of the hourly candle. Plain H1 candles. I enter on a confirmation by the close of h1.

2) If trigger is m15 , setup needs to be 4x longer that h1. If entry is h1 h4 is setup chart.

Most of the time I have been relying on h1 candle close.
Only Pre London entries are based on m15 trying to exploit Frankie and London breakout.
  • #403,476
  • Mar 9, 2011 11:08am Mar 9, 2011 11:08am
Quoting BrunargarFx
yes it can.

It can go to 1.42X without invalidating what you are saying - aka bear will take over.
expecting it to flush out stops too... then a good reversal confirmation and i will be a bear for a good while...
  • #403,477
  • Mar 9, 2011 11:13am Mar 9, 2011 11:13am
Quoting aarontdang
I don't hold my positions very long ....
Max i hold is about a day .....
i was short from 1.3930 early .....
and target hit 1.3907 ....

Now it bounce right back after hit below 1.39
Strong resistance ....
lead me to believe it will hit 1.3940/50

You quote my trading ... Its not in order ....
It never go in straight lines ... Zig Zag trading ...
hah, this is why I don't post my trades on the euro. I just come in here for the chits and chats

I trade the 5m chart when I am actually trading... So I can flip a position multiple times over the course of an hour. Just absolute noise.
  • #403,478
  • Mar 9, 2011 11:21am Mar 9, 2011 11:21am
Yes,
So that's still a possible scenario. Beyond 1.43 the bulls will push it farther north.

I'm trading with caution atm as I expect some wide fluctuations intra day like in December and also because I'm not up to speed on all fundies.



Quoting jaylovin
expecting it to flush out stops too... then a good reversal confirmation and i will be a bear for a good while...
  • #403,479
  • Edited 11:32am Mar 9, 2011 11:21am | Edited 11:32am
Long from 1.3902 .... Double bottoms...
SL 1.3890

Let's see if it will hold

Fake break out ... Move my SL ... lolz
  • #403,480
  • Mar 9, 2011 11:21am Mar 9, 2011 11:21am
Could that be some kind of big pennant going up to 3960-70? 3900 seems to be pretty strong support so far.

Edit: Right... Went down when I was writing this...
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