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  • #421,481
  • Apr 14, 2011 6:56am Apr 14, 2011 6:56am
Quoting gatorinla
added at 4390.. full boat
Did you add more to your short positions or did you open a long ?

I'm seen 4370-4380 as support zone.
  • #421,482
  • Apr 14, 2011 6:56am Apr 14, 2011 6:56am
Quoting PhAnTi'
doesnt look pretty cool for shorts now.... i recommend to bank most of your units.... be happy about the pips.

if h1 closes above 4380 ..... hmmm.... no need to say more ; p

Jonas.
4393 is the one that matters. below 85 is still a break out.
those who can, do. those who cant, talk about those who can
  • #421,483
  • Apr 14, 2011 6:56am Apr 14, 2011 6:56am
Quoting fldash
more than your account can stand...
ha ha you wish!
  • #421,484
  • Apr 14, 2011 6:57am Apr 14, 2011 6:57am
Quoting ForexTreeGuy
This thing is dropping more like I would have thought when it first hit yearly highs. Ill be very interested when its at the 1.43484 area.

If this is still in play. thats a heak of a 4 hour candal short but im back long for a test.
  • #421,485
  • Apr 14, 2011 7:00am Apr 14, 2011 7:00am
Quoting ForexTreeGuy
If this is still in play. thats a heak of a 4 hour candal short but im back long for a test.

Why not wait and see if this bounce gains momentum through 4392 first to give you a confirmation. Other then that just see it as an opportunity to get in at a better price. 0830 PPI may give us the news push needed to align the techies back to where you want it. Giving up 5 pips or so to see a move confirmed is the safer trade setup. Then once the move is confirmed all you have to do is adjust your lotsize slightly to make up for those missing 5 pips.

But heh, that's just me, what the heck do I know.
  • #421,486
  • Apr 14, 2011 7:01am Apr 14, 2011 7:01am
Quoting rbetancor
Did you add more to your short positions or did you open a long ?

I'm seen 4370-4380 as support zone.
the ones i closed.
those who can, do. those who cant, talk about those who can
  • #421,487
  • Edited 7:06am Apr 14, 2011 7:03am | Edited 7:06am
Hi all,
here's a 250-pip trade for EURUSD buy @ market price, TP 1.4650
Find screen shot attached.
Happy trading!
Meshach
Attached Image (click to enlarge)
Click to Enlarge Name: long_term.gif Size: 24 KB
  • #421,488
  • Apr 14, 2011 7:03am Apr 14, 2011 7:03am
Quoting cloggie
Why not wait and see if this bounce gains momentum through 4392 first to give you a confirmation. Other then that just see it as an opportunity to get in at a better price. 0830 PPI may give us the news push needed to align the techies back to where you want it. Giving up 5 pips or so to see a move confirmed is the safer trade setup. Then once the move is confirmed all you have to do is adjust your lotsize slightly to make up for those missing 5 pips.

But heh, that's just me, what the heck do I know.

Here you go retrace confirmed, now eyes on 4404, 4421
  • #421,489
  • Apr 14, 2011 7:05am Apr 14, 2011 7:05am
Quoting gatorinla
4393 is the one that matters. below 85 is still a break out.
my bad.

h1 text book long at the moment
Hero calls followed by margin calls...
  • #421,490
  • Apr 14, 2011 7:05am Apr 14, 2011 7:05am
Quoting cloggie
Here you go retrace confirmed, now eyes on 4404, 4421

jockying for position.
  • #421,491
  • Apr 14, 2011 7:05am Apr 14, 2011 7:05am
gotta love NY . Finally some retrace to cash in. Now waiting on the PPI.
  • #421,492
  • Apr 14, 2011 7:06am Apr 14, 2011 7:06am
Quoting kenfen69
Uh-oh...a long just tripped and woke (kept) me up.

Closing...sleeping...

Back to pending and sleeping shorts.
What's up man, looks like a nice little shorty release from when I went to bed last night. Could seriously have done without the touch to R1 though.

Supply consumption resumes on the daily.
  • #421,493
  • Apr 14, 2011 7:07am Apr 14, 2011 7:07am
Quoting cloggie
Why not wait and see if this bounce gains momentum through 4392 first to give you a confirmation. Other then that just see it as an opportunity to get in at a better price. 0830 PPI may give us the news push needed to align the techies back to where you want it. Giving up 5 pips or so to see a move confirmed is the safer trade setup.

I have to work on picking the move and not the tops and bottoms. I can not believe the pip count sense i learned what a moppet was. please keep the critiques up especially on my posts!
  • #421,494
  • Apr 14, 2011 7:07am Apr 14, 2011 7:07am
These are the days I dream of!
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 32 KB
  • #421,495
  • Apr 14, 2011 7:10am Apr 14, 2011 7:10am
Quoting PhAnTi'
my bad.

h1 text book long at the moment
H4 is a strongly bearish, however.
  • #421,496
  • Apr 14, 2011 7:12am Apr 14, 2011 7:12am
Quoting ForexTreeGuy
I have to work on picking the move and not the tops and bottoms. I can not believe the pip count sense i learned what a moppet was. please keep the critiques up especially on my posts!

The issue for most noobies is picking tops and bottoms, they get so scared that a move happens without them that they will keep trying to get in right at the reversals.

Focus instead on what confirms a move and what trigger levels lay in the way for a further move, then judge those levels to see how important they are and keep and eye on those. More of a if-then-if trading strategy. Keep looking for levels where if they go you can see a clear direction to the next one.

I posted the next one to watch here 4404, and see how price is fighting over it. Finding those price levels is more important then finding tops and bottoms, the price levels give you confirmed moves and direction, picking tops is just gambling.

An alternative way of looking at a bounce is just an opportunity to get a better price to resume the intraday trend. Horses for courses really, it all depends on what kind of trader you are or want to be.

I gave you a headsup of what I am looking at:

Quoting cloggie
now eyes on 4404, 4421
Countertrading is a lot riskier as price always becomes erratic, trend trading even intraday, is a lot smoother.
  • #421,497
  • Apr 14, 2011 7:14am Apr 14, 2011 7:14am
Sold at 1.4405

TP 1.4390
  • #421,498
  • Apr 14, 2011 7:14am Apr 14, 2011 7:14am
Quoting cloggie
Here you go retrace confirmed, now eyes on 4404, 4421
i got 4407... see chart

uhm...different broker data?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 33 KB
Hero calls followed by margin calls...
  • #421,499
  • Apr 14, 2011 7:15am Apr 14, 2011 7:15am
Quoting cloggie
Finding those price levels is more important then finding tops and bottoms, the price levels give you confirmed moves and direction, picking tops is just gambling.
Strongly agree.
  • #421,500
  • Apr 14, 2011 7:15am Apr 14, 2011 7:15am
Quoting gatorinla
the ones i closed.
So I suppose you added short at 4390 with TP on 4296 ?, a very long run, what is you SL? if I may know
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