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Attachments: EURUSD
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EURUSD

  • #412,941
  • Mar 24, 2011 10:25am Mar 24, 2011 10:25am
Quoting attila
dow was up, in case you were not watching.
I wasn't watching but if it was only dow...
  • #412,942
  • Mar 24, 2011 10:25am Mar 24, 2011 10:25am
On the way to the 1.428..

I have the former support acting as resistance (dotted blue line) that may be coming into play now at 1.4217.

There is then the Monthly UTL at 1.424...

My R2 is at 1.4269
Attached Image (click to enlarge)
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  • #412,943
  • Mar 24, 2011 10:26am Mar 24, 2011 10:26am
Quoting fxpreacher
buy a news feed... they know who's buying and selling. i'm not looking for insight my friend. lol
O I have some great news feeds, and they all reported buying starting at 4120 this US morning session. And a clearer buying cable as well. You need to take these "squawks" with a grain of salt. Ask yourself, why would a bank tell me what they are doing? They need losers to fill their pockets.
  • #412,944
  • Mar 24, 2011 10:26am Mar 24, 2011 10:26am
Quoting fxpreacher
buy so i can sell. if i had a couple billion i'd be stop hunting also.
no, they're just keeping it up around here. it's not really breaking the last week high but it's not going down much either.

ps: check what's up with that bail out fund in europe. they'll kick it off the cliff next week me thinks.
  • #412,945
  • Mar 24, 2011 10:27am Mar 24, 2011 10:27am
Quoting T@rantula
I know. I have posted LIVE calls all the time as I really cant predict. I always react. I also try to post my exits and scaling out because TP is hard to get to the pip these days.

I can change my general view If i notice a good counter trend setup ( as I did an hour ago).

When u trade u MUST NOT have a general bias for intraday. You need to adapt to the market and get in/out of longs/shorts as per PA.

Thats why I trade to post my exits so the traders whoo took the calls should know when to exit.

Trading is all about REACTIONS thats why I post...
You don't need to explain anything to me (or anybody) on that matter as I am very clear on what you are doing TAwise and I am not interested in follow anybody calls...so don't worry.

On the subjectivity of what is reaction and prediction and the thin line between "gambling" entries and TA based entries thats a whole different discussion but in simple words it's better to leave it like that as is simply a matter of perspective.

I am sure, that as any solid trader, you have a valid trading plan so nobody will make you change your mind but neither you will change other experienced traders mind (even if they are rolling a dice for trading) on this particular issue, despite how efficient and rational your assumptions are.

In any case, keep up your good work and lets focus in what is important.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #412,946
  • Mar 24, 2011 10:28am Mar 24, 2011 10:28am
Quoting fxpreacher
headed south. big names are selling. it's a nice fabricated move up though. a better entry for the sovereign names.
Strange ,my info is saying they're still selling
the dollar,but i only get it once a week on Mondays.
You can remain irrational longer than you can remain solvent.
  • #412,947
  • Mar 24, 2011 10:28am Mar 24, 2011 10:28am
Quoting Flynchenberg
EUR/USD reaches 1.4200 on talk Portugal may avoid bailout...
when the assurances start... i start selling. Portugal is dead in the water. bailout on the way. i'd worry more about Spain. they've been telling us how great they are doing for months now. that's usually a great signal.
  • #412,948
  • Mar 24, 2011 10:29am Mar 24, 2011 10:29am
Quoting pipnapper
wtf is going on?
Its called "WTF" and normally it is followed by 'WTF just happened", followed by "I knew this, here is my post". Then after 23 minutes "+120 pips, done for the day"
The Thief of Wall Street
  • #412,949
  • Mar 24, 2011 10:29am Mar 24, 2011 10:29am
Quoting Flynchenberg
EUR/USD reaches 1.4200 on talk Portugal may avoid bailout
Yep, 42 handle.

One pill makes you larger,
And one pill makes you small...
  • #412,950
  • Mar 24, 2011 10:30am Mar 24, 2011 10:30am
Hey T,

Keep on doing what u have been doing. Traders who posts their live traders with supporting techs before the comfort of hindsight has some balls and I respect them. Perhaps yours are too big and some people may get scared.. lol.

Predictions are nice gossip type time killers, no good trader can take them seriously.

Quoting T@rantula
I know. I have posted LIVE calls all the time as I really cant predict. I always react. I also try to post my exits and scaling out because TP is hard to get to the pip these days.

I can change my general view If i notice a good counter trend setup ( as I did an hour ago).

When u trade u MUST NOT have a general bias for intraday. You need to adapt to the market and get in/out of longs/shorts as per PA.

Thats why I try to post my exits so the traders whoo took the calls should know when to exit.

Trading is all about REACTIONS thats why I post...
  • #412,951
  • Mar 24, 2011 10:30am Mar 24, 2011 10:30am
Quoting Chicky
Its called "WTF" and normally it is followed by 'WTF just happened", followed by "I knew this, here is my post". Then after 23 minutes "+120 pips, done for the day"
Lol, Exactly.
  • #412,952
  • Mar 24, 2011 10:31am Mar 24, 2011 10:31am
Quoting fxpreacher
when the assurances start... i start selling. Portugal is dead in the water. bailout on the way. i'd worry more about Spain. they've been telling us how great they are doing for months now. that's usually a great signal.
Agreed,

And strees-test in May will show some interesting results. If banks survive of course.

Seb
  • #412,953
  • Mar 24, 2011 10:31am Mar 24, 2011 10:31am
Ok...back to the business.

Open your charts. Draw a TL. 4214 was the last high. PA tested it. H1 candle is a BULLY candle..its just called like that. The buying pressure was so high that it "bullies" PA upward.

We can have some retracment now with stops above 4124.

Bully candle vs resistance usually gives us some pips on COUNTER trend trades...
  • #412,954
  • Mar 24, 2011 10:31am Mar 24, 2011 10:31am
s 4202.. missed the green light higher
those who can, do. those who cant, talk about those who can
  • #412,955
  • Mar 24, 2011 10:32am Mar 24, 2011 10:32am
Quoting OldQuant
Yep, 42 handle.

One pill makes you larger,
And one pill makes you small...
And the ones that mother gives you
Don't do anything at all
 Go ask Alice
 When she's ten feet tall

White Rabbit
---Jefferson Airplane
  • #412,956
  • Mar 24, 2011 10:32am Mar 24, 2011 10:32am
Quoting Chicky
Its called "WTF" and normally it is followed by 'WTF just happened", followed by "I knew this, here is my post". Then after 23 minutes "+120 pips, done for the day"
Don't forget the chart pic showing a spike also.

A Draino uuumm ...... I mean Cloggie technique.
  • #412,957
  • Mar 24, 2011 10:36am Mar 24, 2011 10:36am
Quoting gatorinla
im bailing a little above 38.. i expect a lower bounce in the area.
s/o -15 plus -20 1/2 position plus 4 more full.. a total if 29 full pips red.
those who can, do. those who cant, talk about those who can
  • #412,958
  • Mar 24, 2011 10:38am Mar 24, 2011 10:38am
Here is my "i knew it post" :nerd:

the "before" chart posted here around london open

Attached Image


After


Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 30 KB


called long 4075 live here after it bounced on that rising TL
Mind over matter..I don't mind and you don't matter.
  • #412,959
  • Mar 24, 2011 10:38am Mar 24, 2011 10:38am
Quoting gatorinla
s/o -15 plus -20 1/2 position plus 4 more full.. a total if 29 full pips red.
so many times red pips are green inside....
  • #412,960
  • Mar 24, 2011 10:39am Mar 24, 2011 10:39am
Ok...back to the business.

Open your charts. Draw a TL. 4214 was the last high. PA tested it. H1 candle is a BULLY candle..its just called like that. The buying pressure was so high that it "bullies" PA upward.

We can have some retracment now with stops above 4214

Bully candle usually gives us some pips on COUNTER trend trades...
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