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  • #403,561
  • Mar 9, 2011 1:05pm Mar 9, 2011 1:05pm
Quoting Texas.Rich
sp500 broke below long term support ... consolidation/ranging for 1day to rest of week ... some fundies are going to be needed to break this range-trade.
still in the same range from about 2 days ago ...
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  • #403,562
  • Mar 9, 2011 1:05pm Mar 9, 2011 1:05pm
Quoting cloggie
Here is your first to watch, DP next. That is the only thing that is going to save your short.

Looking good so far, we may be able to get you back to your cr@p entry.
  • #403,563
  • Mar 9, 2011 1:09pm Mar 9, 2011 1:09pm
Quoting lolygagv2
Majority of retailers going long right now, contrarian indicator alert
U institutional trader... Lets see tomorrow.

Im leaning to the upside.

And by the way i closed cause i went from my pc didnt want to make a mistake again. Ill buy tomorrow again probably
  • #403,564
  • Mar 9, 2011 1:09pm Mar 9, 2011 1:09pm
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
I thought it's more a bull flag (and pennant earlier #403520) but I'm still a noob so I guess it's too obvious and I miss something important here (like maybe something fundamental ie. that Moody decreased few Greece banks again today). Anyway looking at the chart it looks more bullish to me.
  • #403,565
  • Mar 9, 2011 1:09pm Mar 9, 2011 1:09pm
Quoting cloggie
Next time in a similar scenario you will think back about today and not use it as an entry and not having to manage a lousy trade, instead you will know what to look for for a confirmed entry.
Absolutely. Again, much appreciate the feedback.

cheers
  • #403,566
  • Mar 9, 2011 1:11pm Mar 9, 2011 1:11pm
Quoting cloggie
Here is your first to watch, DP next. That is the only thing that is going to save your short.

At least this little exercise shows you what happens at a rejection of a 50 retrace and how you cannot enter a trade unless it is a confirmed break.
you taking about the london's 3850 - 3940 move?
  • #403,567
  • Mar 9, 2011 1:15pm Mar 9, 2011 1:15pm


+154 Pips Today


Quoting khizer
Long: 389
TP: 3910
Trade what you see, Not what you think.
  • #403,568
  • Mar 9, 2011 1:16pm Mar 9, 2011 1:16pm
Quoting Vladimir1987
U institutional trader... Lets see tomorrow.

Im leaning to the upside.

And by the way i closed cause i went from my pc didnt want to make a mistake again. Ill buy tomorrow again probably
SL 50 pips
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  • #403,569
  • Mar 9, 2011 1:18pm Mar 9, 2011 1:18pm
Quoting ipipit
I thought it's more a bull flag (and pennant earlier #403520) but I'm still a noob so I guess it's too obvious and I miss something important here (like maybe something fundamental ie. that Moody decreased few Greece banks again today). Anyway looking at the chart it looks more bullish to me.
Yeah, not enough liquidity really... it was a ascending triangle, now a wedge. When I called it a wedge, it was actually an ascending triangle, sorry about that. But the following wedge was kind-of expected due to low liquidity and a decent amount of resistance above it.

Regardless, names, whatever... What you really need to look into, is the fact it is compressing now.
  • #403,570
  • Mar 9, 2011 1:19pm Mar 9, 2011 1:19pm
Quoting sayto.profit
SL 50 pips
you using a dedicated server for MT4 only ?
  • #403,571
  • Edited 1:32pm Mar 9, 2011 1:21pm | Edited 1:32pm
Quoting mercy seat
Nit meeglich ...

Where did you start to short?
And what was your thinking behind that decision?

;-|
you probably won't 'like' the reason, why I shorted at 3938, but it's as simple as that: the rejection of the 61.2%-fib of yesterday's range. we respected the 50%-level before, so that was a relatively low risk trade, you can escape at low cost if interpreted in the wrong way.

edit: that's not all I have on my screen at this level, but enough to justify this trade... otherwise the reasoning would take longer than the trade.

my initial plan was to watch today's low at the 61.2%-fib on the daily chart (3745.2 -> 4033.5) for the low vol retest, but these last couple of days, I simply sleep too long - or not enough, so I missed this one.

nothing else to do otherwise really, and with this short I missed the WPP so that my SL got hit too early at 3906, so that I couldn't hold that one down to my desired target at 3877.x, which we didn't get to...

many words for a simple trade... is this really necessary? I thought that everyone has these levels on one of their charts... essential, or not? I don't know...
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  • #403,572
  • Mar 9, 2011 1:25pm Mar 9, 2011 1:25pm
Quoting prezd
you using a dedicated server for MT4 only ?
i am just trade intraday (one day one trade), because busy with my career

as you can see i using 3 vps. all run with 3 ea.

thats why i am not publish any technical

........
  • #403,573
  • Mar 9, 2011 1:28pm Mar 9, 2011 1:28pm
Quoting Venice
Yeah, not enough liquidity really... it was a ascending triangle, now a wedge. When I called it a wedge, it was actually an ascending triangle, sorry about that. But the following wedge was kind-of expected due to low liquidity and a decent amount of resistance above it.

Regardless, names, whatever... What you really need to look into, is the fact it is compressing now.
True, names are not important. Thanks for an answer.
btw. I luckily took my position at 3867 and got rid of half of it 3933. I thought it wont retrace much, but now I see the whole thing wasn't wort it. I should have get rid of the whole position around the 3940 pivot and watch the price action. Maybe take some scalps in a meanwhile. Anyway, I'm learning
  • #403,574
  • Mar 9, 2011 1:31pm Mar 9, 2011 1:31pm
Quoting ipipit
True, names are not important. Thanks for an answer.
btw. I luckily took my position at 3867 and got rid of half of it 3933. I thought it wont retrace much, but now I see the whole thing wasn't wort it. I should have get rid of the whole position around the 3940 pivot and watch the price action. Maybe take some scalps in a meanwhile. Anyway, I'm learning
Excellent... just keep at it... long years are ahead of you if you are just starting out... but worth the pain and suffering... just try to limit the explosion of accounts while during the learning process
  • #403,575
  • Mar 9, 2011 1:34pm Mar 9, 2011 1:34pm
good evening...
Look Sharp/Trade Tight
  • #403,576
  • Edited 1:46pm Mar 9, 2011 1:38pm | Edited 1:46pm
Any Fib Fan fans out there? I am trying to learn how to use this tool. Does it look like I have placed the points correctly? It looks like the daily trend is respecting it. Makes my chart look goofy though.
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  • #403,577
  • Mar 9, 2011 1:42pm Mar 9, 2011 1:42pm
WELCOME TO THE WORLD OF FOREX EXCITEMENT

god bless to everybody ::::)))))

May ALL bless with profitable FOREX CAREER
  • #403,578
  • Mar 9, 2011 1:53pm Mar 9, 2011 1:53pm
Quoting Venice
Excellent... just keep at it... long years are ahead of you if you are just starting out... but worth the pain and suffering... just try to limit the explosion of accounts while during the learning process
I blown one real account some time ago and stopped trading as I realized that few lucky picks don't constitute you as a trader. I learnt my lesson. Patience + fibs + MA's and discipline (trading book and daily/weekly goals) seems to be making miracles for me now. It doesn't change the fact that I still make tons of mistakes but I'm profitable science the beginning of the 2011 (science I established my new account and started learning) so I'm happy (I don't expect all my calls are going to be correct anytime, just hope to get better ratio by managing the risk better in a future). Anyway thanks again guys, keep the good stuff coming!
  • #403,579
  • Mar 9, 2011 1:53pm Mar 9, 2011 1:53pm
closed EUR/USD sell order at 1,3907
  • #403,580
  • Mar 9, 2011 1:55pm Mar 9, 2011 1:55pm
Quoting Lagoon440
Any Fib Fan fans out there? I am trying to learn how to use this tool. Does it look like I have placed the points correctly? It looks like the daily trend is respecting it. Makes my chart look goofy though.
Or would this one be more accurate?
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