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  • #415,521
  • Mar 30, 2011 2:31am Mar 30, 2011 2:31am
Quoting sisse
Well IMO is in a clear range intraday as its clear inside bar trading daily bars the last 6 days. In the daily is uptrend consolidation on a top so further break continuation. Break down and test support and hold and we will have changed to the downside but that a long way down the road with the current charts.

Given daily inside bars, the last 2 days I have been trading the daily close to avoid getting caught in the chop zone. So more than think is going down on direction I am short from a very "healthy" entry that give me enough room to bet...

Its the indicies crude gold that put me of shorting with conviction.
until we get a real turn in these there surely wont be a major correction in Euro only interset rates will be able to move it dramatically it seems

War Nuclear radiation leaks natural disasters bad ecomonic data all seem to be good for the markets these days.
rat
  • #415,522
  • Mar 30, 2011 2:35am Mar 30, 2011 2:35am
Quoting T@rantula
Sold EU @ 4090

Again Compression zone is tight. ADX is negative and MAs point down. EU is still below main intraday averages and is flirting with 4082.

My target is 3980 and s/l is 4045
scaled @ 4065
  • #415,523
  • Mar 30, 2011 2:37am Mar 30, 2011 2:37am
I'm long this morning on this and Aussie SL on this one 30 points

try and get to 410 out of this trade then see

its in a triangle so it may come out of the top or bottom at some stage today or this week
rat
  • #415,524
  • Mar 30, 2011 2:38am Mar 30, 2011 2:38am
Quoting monkey@forex
ok, iv got an awful entry going long at 1.4112, so im nursing a losing position right now, my target is 1.42 and my stop is not big enough to sustain a drop, so at this point i could take a loss/go short/then go long targeting 1.42...or i can sit here and pray...
Are you over leveraged? If so...remember this feeling and try not to do it again!
  • #415,525
  • Mar 30, 2011 2:39am Mar 30, 2011 2:39am
Quoting T@rantula
scaled @ 4065
Hi, thanks for the PIP

what do you mean by Scaled here?
  • #415,526
  • Mar 30, 2011 2:40am Mar 30, 2011 2:40am
Quoting kenfen69
Are you over leveraged? If so...remember this feeling and try not to do it again!
no im not over-leveraged...just a awful entry
  • #415,527
  • Mar 30, 2011 2:42am Mar 30, 2011 2:42am
Quoting monkey@forex
ok, iv got an awful entry going long at 1.4112, so im nursing a losing position right now, my target is 1.42 and my stop is not big enough to sustain a drop, so at this point i could take a loss/go short/then go long targeting 1.42...or i can sit here and pray...so if some of the more experienced traders (even they can get it wrong) see something me as a newbie is completely missing then itl be great to learn without losing money...

"we"...as in my developing multiple personality disorder as i continue to learn trading
Better stay with position open. At least should it 1.4112
There is a lot of buyers now, price should go up for the next two and a half hours.
  • #415,528
  • Mar 30, 2011 2:43am Mar 30, 2011 2:43am
Hi guys,

can you feel that I have started buying

4140 then 80
  • #415,529
  • Mar 30, 2011 2:43am Mar 30, 2011 2:43am
Quoting monkey@forex
ok, iv got an awful entry going long at 1.4112, so im nursing a losing position right now, my target is 1.42 and my stop is not big enough to sustain a drop, so at this point i could take a loss/go short/then go long targeting 1.42...or i can sit here and pray...so if some of the more experienced traders (even they can get it wrong) see something me as a newbie is completely missing then itl be great to learn without losing money...

"we"...as in my developing multiple personality disorder as i continue to learn trading
Hi bro, i'm not an expert.. but what i've learned until now, if you're an intraday trader (open and close position in 1 day), it's better not to put your SL bigger than 40 pips. In my opinion (newbie opinion) because if the price already move until 40 pips againts your position, then your analysist is already failed.
Just share my nube experience.
  • #415,530
  • Mar 30, 2011 2:44am Mar 30, 2011 2:44am
Quoting monkey@forex
no im not over-leveraged...just a awful entry

The aussie is moving up cable The DOW is rising gold so the odds are in favour of it moving up for a bit. I'm long anyway.
Hope it works out maybe close at break even if it gets there and watch it for a while unless it busts through that 410 level and out this triangle
rat
  • #415,531
  • Mar 30, 2011 2:44am Mar 30, 2011 2:44am
I too was looking for a short after London opened. Didn't see any PA to confirm though, so I passed. Might try a long here, with some PA above 83ish...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #415,532
  • Mar 30, 2011 2:46am Mar 30, 2011 2:46am
Quoting monkey@forex
no im not over-leveraged...just a awful entry
Well...you're less than 30 pips from home now, then. If you're not over leveraged, you could have dropped another long in when this started bouncing...around 4065 and you would now nearly be out flat.

Hard to advise you, really. You have to trade your plan. You went 52 pips into the red. Only you know if that is acceptable. I often have trades that far in the red, but it is well planned for.
  • #415,533
  • Mar 30, 2011 2:46am Mar 30, 2011 2:46am
paid 82, sl 60, tp...pending...
Look Sharp/Trade Tight
  • #415,534
  • Mar 30, 2011 2:50am Mar 30, 2011 2:50am
Quoting PayTheLimit
with some PA above 83ish...
would like a little more bullish momentum here...on the hourly close
Attached Image
Look Sharp/Trade Tight
  • #415,535
  • Mar 30, 2011 2:55am Mar 30, 2011 2:55am
Quoting PayTheLimit
would like a little more bullish momentum here...on the hourly close
watchout eurx about breaking support
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Verily, in every difficulties there is relief
  • #415,536
  • Mar 30, 2011 2:57am Mar 30, 2011 2:57am
http://www.zamg.ac.at/pict/aktuell/2...fuku_I-131.gif
  • #415,537
  • Mar 30, 2011 3:00am Mar 30, 2011 3:00am
Quoting PayTheLimit
would like a little more bullish momentum here...on the hourly close
It has expend 35 of the last 62 hours in this area, and now it has become a daily open a daily close after and a middle point on most intraday charts, which as you know in a range, is a pain in the ass level sucking in traders to both sides as it looks the perfect place for going long or short...like most of +/-50% level...

If you are right I will close my positions, so I hope not ...lol just kidding .... we'll see in a few and good luck mate.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #415,538
  • Mar 30, 2011 3:00am Mar 30, 2011 3:00am
The red line has to hold

Edit: The bottom red line LOL
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  • #415,539
  • Mar 30, 2011 3:01am Mar 30, 2011 3:01am
Quoting primzvicious
watchout eurx about breaking support
good thing I didnt buy EURX then.......kidding,lol
Look Sharp/Trade Tight
  • #415,540
  • Mar 30, 2011 3:02am Mar 30, 2011 3:02am
Quoting infinitus
http://www.zamg.ac.at/pict/aktuell/2...fuku_I-131.gif
Poor Tokyo! Good grief.
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