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  • #419,861
  • Apr 10, 2011 11:50pm Apr 10, 2011 11:50pm
Seems like the bias here is changing to short.

I'm long to 1.4520 at least.

Plus USD/CHF will target levels below 0.9000

So I do not see any reason for e/u to start going down today.

maybe after levels above 1.45 have been hit then it might change trend, but for now, bias is up. Buy on dips remember.
  • #419,862
  • Apr 10, 2011 11:55pm Apr 10, 2011 11:55pm
Quoting 168ipoh
Plus USD/CHF will target levels below 0.9000
Taken that trade?
  • #419,863
  • Apr 11, 2011 12:00am Apr 11, 2011 12:00am
Price stopped not know which way to go
  • #419,864
  • Apr 11, 2011 12:01am Apr 11, 2011 12:01am
Quoting 168ipoh
Seems like the bias here is changing to short.

I'm long to 1.4520 at least.

Plus USD/CHF will target levels below 0.9000

So I do not see any reason for e/u to start going down today.

maybe after levels above 1.45 have been hit then it might change trend, but for now, bias is up. Buy on dips remember.
Yes makes sense ...

Quoting mercy seat
Rythm ... first down then up again ... and afterwards down then ... reversal of trend ... end of trend ...

Elliott still points up ...

Potential shows early signs of weakness ... only a clean breach of below 1.4350 would strengthen the downside ... corrective in nature ...


;-|
And for that reason ... we should have a keen eye to the four hours pivots ... as we do not like to miss the A-train ...



;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2001-04-11_06h40_EURUSD _ min010 _ pivotchart with 4 Hours PP.png Size: 17 KB
Click to Enlarge Name: 2001-04-11_06h40_EURUSD _ min060 _ pivotchart with Daily PP.png Size: 20 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #419,865
  • Apr 11, 2011 12:11am Apr 11, 2011 12:11am
Quoting mercy seat
And for that reason ... we should have a keen eye to the four hours pivots ... as we do not like to miss the A-train ...
Is there a B-train?
  • #419,866
  • Apr 11, 2011 12:13am Apr 11, 2011 12:13am
Quoting kenfen69
Taken that trade?

Yup +15pips now
  • #419,867
  • Apr 11, 2011 12:15am Apr 11, 2011 12:15am
Quoting 168ipoh
Plus USD/CHF will target levels below 0.9000
That trade?
  • #419,868
  • Apr 11, 2011 12:19am Apr 11, 2011 12:19am
Quoting Julexo
Price stopped not know which way to go
the price know which way to go, it just wanna play hide and seek with retail trader
  • #419,869
  • Apr 11, 2011 12:23am Apr 11, 2011 12:23am
Quoting kenfen69
That trade?

Yup...it was +22pips earlier....now +13pips....hopefully the floor breaks down haha
  • #419,870
  • Apr 11, 2011 12:27am Apr 11, 2011 12:27am
Quoting 168ipoh
Yup...it was +22pips earlier....now +13pips....hopefully the floor breaks down haha
Shite...hate that!

Hope it feels gravity for you!
  • #419,871
  • Apr 11, 2011 12:28am Apr 11, 2011 12:28am
Quoting hafudo
the price know which way to go, it just wanna play hide and seek with retail trader

This is probably the price of Hiding From You
  • #419,872
  • Apr 11, 2011 12:30am Apr 11, 2011 12:30am
Quoting kenfen69
Is there a B-train?
I'm new to the forum, so don't take me too seriously!!
But with all the bad news for US government shutdown last week, plus the government inacapabilitie of achieving an agreement on friday shooting down the dollar, plus a 200+ pips up last week on the up trend and over 600 for the last 30 days, shouldn't we see a nice retracement soon?
The rate hike in Europe kind of drive my interest on going short!

Cheers!
  • #419,873
  • Apr 11, 2011 12:32am Apr 11, 2011 12:32am
Quoting 168ipoh
Seems like the bias here is changing to short.

I'm long to 1.4520 at least.

Plus USD/CHF will target levels below 0.9000

So I do not see any reason for e/u to start going down today.

maybe after levels above 1.45 have been hit then it might change trend, but for now, bias is up. Buy on dips remember.
Below 0.9000 seems unreasonable to be honest, check the chart, but its doable, your eu targets are correct although they will probably go a lot higher.

Took a swissy short, EJ long and EU long, explaining my strategy and reasoning in this vid here, made it for the Duka video contest but i might start doing regular youtube videos for the Price is everything thread, think im going to cover compression next. Feel free to watch it if you want to

Click



Attached Image (click to enlarge)
Click to Enlarge Name: Picture 9.png Size: 37 KB
  • #419,874
  • Apr 11, 2011 12:43am Apr 11, 2011 12:43am
Quoting Orbital
Below 0.9000 seems unreasonable to be honest, check the chart, but its doable, your eu targets are correct although they will probably go a lot higher.

Took a swissy short, EJ long and EU long, explaining my strategy and reasoning in this vid here, made it for the Duka video contest but i might start doing regular youtube videos for the Price is everything thread, think im going to cover compression next. Feel free to watch it if you want to

Click



Attachment
Yeah I'm just targeting the round number 0.9000 for swissy short

Hope to see you climb back up in ur trading contest account.

Btw nice video.... I think I should join the video contest...seems like easier to win prizes hehe.
  • #419,875
  • Apr 11, 2011 12:53am Apr 11, 2011 12:53am
Quoting 168ipoh
Yeah I'm just targeting the round number 0.9000 for swissy short

Hope to see you climb back up in ur trading contest account.

Btw nice video.... I think I should join the video contest...seems like easier to win prizes hehe.
I've given up on the trader contest really, ive doubled and trippled the equity on the accounts 2-3 months in a row and it still wasnt enough because a) Competition is very scalping unfriendly in some regards because you need to put a comment for each trade and thus the quickbuy and onchart trading options arent available to you like they are on live and b) I need to manage several accounts including my own right now while studying, so being in an additional contest and competing against trading teams (and yes you can clearly see that some of the users have a completely erratic trading style so unless theyre bipolar or suffering from multiple personality disorder its weird ^^

Anyways im back in the p.i.e thread
  • #419,876
  • Apr 11, 2011 1:00am Apr 11, 2011 1:00am
Quoting Julexo
This is probably the price of Hiding From You
yup, i`m one of the sheep who should follow the sheperd
  • #419,877
  • Apr 11, 2011 1:31am Apr 11, 2011 1:31am
Just started in this game and am getting daily heart stoppages. But you guys on the forum are funny. Thank goodness.

For the moment, I've started with EUR/USD - which offers the smallest spread. However, I seem to be getting stopped out of trades so often.

When you put in a trade, how many pips do you let it go against you before pulling out? I've set mine to 10 pips. Is that about right or should I widen or narrow?
  • #419,878
  • Apr 11, 2011 1:32am Apr 11, 2011 1:32am
Entered the pair yesterday. looks like there's potential
  • #419,879
  • Apr 11, 2011 1:57am Apr 11, 2011 1:57am
Quoting ice9dry
Just started in this game and am getting daily heart stoppages. But you guys on the forum are funny. Thank goodness.

For the moment, I've started with EUR/USD - which offers the smallest spread. However, I seem to be getting stopped out of trades so often.

When you put in a trade, how many pips do you let it go against you before pulling out? I've set mine to 10 pips. Is that about right or should I widen or narrow?
Depends on your Time frame. I know a few scalpers who work with 7 pips and other longer term people work with 100-200 pip SL's(depends a lot on market conditions, risk reward ratio etc).

SL is an art form, takes time and experience.

I would probably go with SL below support in Longs and SL above resistance in Shorts. Thats the very basic.
  • #419,880
  • Edited 2:17am Apr 11, 2011 1:58am | Edited 2:17am
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