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  • #421,521
  • Apr 14, 2011 7:32am Apr 14, 2011 7:32am
Quoting gatorinla
oh well i missed it.. for now.. but its definitely respecting 4296.2 path
And recently you stated that level again if oil closes below 105... So can i ask again why you have identified that level please?
  • #421,522
  • Apr 14, 2011 7:34am Apr 14, 2011 7:34am
Quoting Polkm
manually closed short at 1.4383 (support from 1h 12April2011).

No to be counter-trend but couldn't resist a small long from 30mn/10mn/5mn chart momentum up: 1.4390 to 1.4412...just to take back that loss from previous long.

No positions now....

good luck
Regards
Hero calls followed by margin calls...
  • #421,523
  • Apr 14, 2011 7:35am Apr 14, 2011 7:35am
Next level on watch for me is 44430 ish.. Asian built level though, during consolidation. Let's see how she wants to play here.
  • #421,524
  • Apr 14, 2011 7:36am Apr 14, 2011 7:36am
Quoting cammomile
H4 is a strongly bearish, however.
Despite this, most likely it's the end of the retracement, and around 18.00 GMT should return to trend. I am waiting to get into long.

We're still in uptrend
  • #421,525
  • Apr 14, 2011 7:40am Apr 14, 2011 7:40am
Quoting papasierra
Despite this, most likely it's the end of the retracement, and around 18.00 GMT should return to trend. I am waiting to get into long.

We're still in uptrend
Really? You think it will "return to trend" after London close?

Anyway I want to see it on my chart first...
  • #421,526
  • Apr 14, 2011 7:40am Apr 14, 2011 7:40am
long 4407 with no SL... closely monitoring any sudden movements.
  • #421,527
  • Apr 14, 2011 7:42am Apr 14, 2011 7:42am
Quoting cloggie
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...
Thanks for the pointer and encouragement.
  • #421,528
  • Apr 14, 2011 7:44am Apr 14, 2011 7:44am
Ooooooh


Bad USA data is bad for the US dollar an E/U goes up.


Good USA data is risk on and E/U goes up.


I think ive got it!
Twitter: @TrendersGame
  • #421,529
  • Apr 14, 2011 7:44am Apr 14, 2011 7:44am
honestly, what are the chances of us going to the top again?
Keep It Simple Stupid
  • #421,530
  • Apr 14, 2011 7:44am Apr 14, 2011 7:44am
Quoting cloggie
Here you go retrace confirmed, now eyes on 4404, 4421

Here we go, check 1 and 2.
  • #421,531
  • Apr 14, 2011 7:45am Apr 14, 2011 7:45am
i hope the green bar @ H4 is not people taking in profits from the previous long red candle.. :x


are we still in long trend btw.?
  • #421,532
  • Apr 14, 2011 7:46am Apr 14, 2011 7:46am
Quoting suthmo
Closed out all longs @ 4485 +100 Hey I got my little miracle while sleeping pipchick woke up to an extra 50 pips on a 50 pip projection (-: And get to play the whole day again. Looking to get long between 4377 and 4412.
Quoting suthmo
My orders 3377/81 for shot at 4575 or failing that as part of the top and end of this super cycle? And hold short from here?
4575 target now adjusted for Temporal shift = S2 4562
Founder of Sutherland Wave Principle
  • #421,533
  • Apr 14, 2011 7:46am Apr 14, 2011 7:46am
Quoting mag871
Thanks for the pointer and encouragement.

Only about 1% of the best traders in the world can pick tops and bottoms succesfully. I have never met a retail trader that manages it. Noobies have no hope in hell trying to do it. So focusing on confirmed moves and just ignore the tops and bottoms is overtime a heck more profitable.

EU has moved 122 pips a day on average over the last 10 weeks, so just finding the fat part of the day and riding along with the herd should give the average retail trader a good 50-80 pips a day on this pair.
  • #421,534
  • Apr 14, 2011 7:47am Apr 14, 2011 7:47am
Quoting cloggie
Here we go, check 1 and 2.
Whats after that? Euro back to fly mode?
  • #421,535
  • Apr 14, 2011 7:48am Apr 14, 2011 7:48am
Quoting Alastair
honestly, what are the chances of us going to the top again?
Is a noisy almost perfect outside daily bar at the moment. Like the last 3 days is inside bar trading so enjoy the range while it last.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #421,536
  • Apr 14, 2011 7:49am Apr 14, 2011 7:49am
Quoting cammomile
Really? You think it will "return to trend" after London close?

Anyway I want to see it on my chart first...
I'm also waiting to see if it confirms.
Remember, trade what you see, not what you think, or what others say.
stick to your analysis
  • #421,537
  • Apr 14, 2011 7:50am Apr 14, 2011 7:50am
Quoting billymoney
Whats after that? Euro back to fly mode?

Nah not yet, 21 is a biggy here. So I would just watch to see how 21 plays out and take the confirmed move from there. Wait and see what pattern develops here, know the average breakout ratio of the pattern and play it. Alternatively she is bout to enter a mini range here so just putting up a box and trade the breakout is the simplest way of looking for a trade here.

For those that followed the breakout earlier of 4392, move your stops accordingly and protect some profits here, right above 4412 would be good and see where she goes from here. I would not be looking for shorts just yet.
  • #421,538
  • Apr 14, 2011 7:55am Apr 14, 2011 7:55am
Quoting cloggie
For those that followed the breakout earlier of 4392, move your stops accordingly and protect some profits here, right above 4412 would be good and see where she goes from here. I would not be looking for shorts just yet.

eyes on 4432

Treeguy, how much of this move are you catching? You keeping track of the levels and move your stops accordingly?
  • #421,539
  • Apr 14, 2011 7:57am Apr 14, 2011 7:57am
Quoting sisse
Is a noisy almost perfect outside daily bar at the moment. Like the last 3 days is inside bar trading so enjoy the range while it last.

sisse
and after the range?
up or down?

reason for asking, long at 4392, not sure where to t/p?
Keep It Simple Stupid
  • #421,540
  • Apr 14, 2011 7:57am Apr 14, 2011 7:57am
Quoting cloggie
eyes on 4432

Treeguy, how much of this move are you catching? You keeping track of the levels and move your stops accordingly?
we r there!
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