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  • #403,521
  • Mar 9, 2011 10:24am Mar 9, 2011 10:24am
Quoting gatorinla
if the bounce is done... 3871.. 3872 is in the way. it may protect 71. we will c.

a close on the hour below is bearish (3872).. a close below 3842 more bearish
I got a mofu at 72, previous s/r and allows a close sl below daily low...
  • #403,522
  • Mar 9, 2011 10:24am Mar 9, 2011 10:24am
There is no fixed SL any trades as such. Your SL should vary depending on the pair and also depending on the situation and how and where you have taken your trade. Anyway sometimes fast movement scare me always....So mush heartbeat
  • #403,523
  • Mar 9, 2011 10:25am Mar 9, 2011 10:25am
Quoting FibbinArchie
Hey V, how goes it?

Just sitting here at work, becoming jealous of these 5-10 pip 5 minute candles you guys get lol
  • #403,524
  • Mar 9, 2011 10:25am Mar 9, 2011 10:25am
Quoting cloggie
Mine is a bit higher.

Overshoots and wicks never count, they are all part of the fake 'n shake to lure in the illinformed.
Are you actually expecting something at this time? or you just chating around?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #403,525
  • Mar 9, 2011 10:27am Mar 9, 2011 10:27am
Quoting sayto.profit
There is no fixed SL any trades as such. Your SL should vary depending on the pair and also depending on the situation and how and where you have taken your trade. Anyway sometimes fast movement scare me always....So mush heartbeat
well if you're getting too much adrenalin whilst trading, maybe you should scale back on your risk exposure... my two cents...
  • #403,526
  • Mar 9, 2011 10:28am Mar 9, 2011 10:28am
Quoting Marioa01
Actually changed my stop twice. Now at 3930.

Will reassess if it can not move below 3885.

Thanks for the questions.

Chances are high, that your SL will be met. The moves from the bottom today seems to build an ABC upward correction with leg A and B ready and C up on its way.
  • #403,527
  • Mar 9, 2011 10:28am Mar 9, 2011 10:28am
Quoting Venice
Just sitting here at work, becoming jealous of these 5-10 pip 5 minute candles you guys get lol
slowly but surely remember...
  • #403,528
  • Mar 9, 2011 10:28am Mar 9, 2011 10:28am
Quoting sisse
Are you actually expecting something at this time? or you just chating around?

sisse

Not expecting anything other then a few 20 pip runs, nothing is going to materialise here worth holding onto. We are accumulating a lot here for a further move and like you I am still waiting for the right fundie trigger. I got my techie setup formed, just want the fundies to join them for a good 120 pip trade.

Just sharing a bit of common sense here for some of the "newer" traders while I wait for what I am looking for trying to keep some of them out of silly trades.
  • #403,529
  • Mar 9, 2011 10:31am Mar 9, 2011 10:31am
does anyone knows where banks or big boys sit or jump at price because i have one theory
  • #403,530
  • Mar 9, 2011 10:33am Mar 9, 2011 10:33am
anyone trading nzd and aud ...

NZD/USD {along with aud/nzd} look like they are setting up for a good new trend ... NZD bank rate is coming up to.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.jpg Size: 75 KB
  • #403,531
  • Mar 9, 2011 10:35am Mar 9, 2011 10:35am
Quoting cloggie
Right now we are in no mans land and are forming a range, identify a pattern that forms here and trade the breakout, let price compress and accumulate and then just watch another fake 'n shake and trade the confirmed move of whatever forms here.

Here you go, as anticipated. Now get your cheatsheet out with your patterns and see what materialises here, know the probability of the break of each pattern both ways, know what confirms it and trade it.
  • #403,532
  • Mar 9, 2011 10:35am Mar 9, 2011 10:35am
Quoting cloggie
Not expecting anything other then a few 20 pip runs, nothing is going to materialise here worth holding onto. We are accumulating a lot here for a further move and like you I am still waiting for the right fundie trigger.

Just sharing a bit of common sense here for some of the "newer" traders while I wait for what I am looking for.
Ok get it.

Was a completely tradable but nasty day intraday 'cause of the implications it failed shortly of breaking to a new push up today rejecting daily lows.

The mini range is clear, from a strictly TA point of view (daily) it is set for a new push up (in extreme overexhausted conditions but 100% valid) but weekly rejection of highs only need breaking monthly highs with FA trigger to start a decent pullback at least.

Oil keep overweighting debt problems in the very short term, so in my case caution and intraday trades only until the noise is clear.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #403,533
  • Mar 9, 2011 10:35am Mar 9, 2011 10:35am
long with a target @1.3920
Pecunia non olet
  • #403,534
  • Mar 9, 2011 10:36am Mar 9, 2011 10:36am
Quoting cloggie
London is closed, the first 50 retrace (keep in mind that it is not a fib level and you should see it seperately) failed, it faded the top and failed and failed the second attempt at retrace, at which point you entered on the fakeoout, you should have sat back to see if the failure of the retrace would lead to another top fade (as I stated in my earlier warning to you "watch the bounce"). A failed top will be alot better entry, the trigger to the top will be the DP, as London is closed Pivot play comes increasingly more important until it peaks...
  • #403,535
  • Mar 9, 2011 10:36am Mar 9, 2011 10:36am
Quoting wm-eu
long with a target @1.3920

You are making exactly the same mistake as Mario earlier, but then at the opposite end. Maybe the 2 of you should meet up and you trade the opposite of Mario and Mario takes the counter of your plans, you both end up in the money.
  • #403,536
  • Mar 9, 2011 10:37am Mar 9, 2011 10:37am
ewww, bull wedge. Got some overhead resistance it needs to plow through to get back to the DPP.

Anyone know how to program Cold Fusion? I'm not much into my job today... lol
  • #403,537
  • Edited 10:50am Mar 9, 2011 10:38am | Edited 10:50am
I think 1.3969 is a level to watch, imo. But I'm looking at the 4H TF to get this number.
Quoting cloggie
Mine is a bit higher.

Overshoots and wicks never count, they are all part of the fake 'n shake to lure in the illinformed.
  • #403,538
  • Mar 9, 2011 10:39am Mar 9, 2011 10:39am
Quoting sisse
Was a completely tradable but nasty day intraday

I had a great day today, accumulation day with the associated range and failures of both extremes pretty much to textbook. Day like this you do need to be pretty confident and timely in your entries.

Am off shortly here, dinner time.
  • #403,539
  • Mar 9, 2011 10:40am Mar 9, 2011 10:40am
Quoting Venice
ewww, bull wedge. Got some overhead resistance it needs to plow through to get back to the DPP.

Anyone know how to program Cold Fusion? I'm not much into my job today... lol
What do you work in the nuclear industry then V?
  • #403,540
  • Mar 9, 2011 10:40am Mar 9, 2011 10:40am
Quoting infinitus
Chances are high, that your SL will be met. The moves from the bottom today seems to build an ABC upward correction with leg A and B ready and C up on its way.
Thx - watching it closely. If it hits 3915 I will close the position.
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