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  • #424,221
  • Apr 19, 2011 12:09pm Apr 19, 2011 12:09pm
shooting star on the hourly plus bearish engulfing on 15 min i believe it should do it. going short 1.4320, sl 1.4359
tp we ll see
  • #424,222
  • Apr 19, 2011 12:11pm Apr 19, 2011 12:11pm
Quoting Venice
Bro, you need to stop holding such a constant bias in your head based on fundamentals that don't matter.

You have been bearish all month now, and trend has yet to even change directions yet.
clogs lectured a few Friday's ago.
  • #424,223
  • Apr 19, 2011 12:13pm Apr 19, 2011 12:13pm
Oil...perky
Gold...perky
Silver...parabolic!
  • #424,224
  • Apr 19, 2011 12:14pm Apr 19, 2011 12:14pm
Quoting FxPlayboy
Another test on 4328?
There for the 4th time, just breakout bugger.
Make it rain baby
  • #424,225
  • Apr 19, 2011 12:15pm Apr 19, 2011 12:15pm
Quoting stormtrader
one of the slowest days ever....in the green but feels like i worked my ass off to do it....
Not only slow but it's the lack of direction that I hate. The price is really not moving anywhere and it's affecting other currency pairs as well. The other currency pairs are all in this see-saw motion with long wicks everywhere.

At least when non-EU pairs do that; they don't affect other currency pairs.
Make your losses in demo. Earn your profits live.
  • #424,226
  • Apr 19, 2011 12:22pm Apr 19, 2011 12:22pm
The bias is almost short for most of us and feels the market is not moving after yesterday large move ...........if we check today low to high it moved 132 pips up ........ is market still slow??


Lot of here even me looking to short pair at some fib level or supply level......... today few trades and good opportunity has been missed........

If we check from 13th Feb High to yesterday low today market has corrected to 50% Fib level........
  • #424,227
  • Apr 19, 2011 12:25pm Apr 19, 2011 12:25pm
We should visit 1.39 next stop as a lower low... got my pending set at 1.4350.. if it doesn't touch it next hour or so the retrace may turn into uptrend resumption.
  • #424,228
  • Apr 19, 2011 12:27pm Apr 19, 2011 12:27pm
A candle alone is not a very good reason to take a trade.
  • #424,229
  • Edited 12:43pm Apr 19, 2011 12:28pm | Edited 12:43pm
does anybody look at that pin/hammer/doji whatever it is on m15 followed by two bull candles? that's a bullish structure. unless that's engulfed south(one candle bearish engulfed is not enough after this run), shorts are no good. why would you short without that? just because some line on the chart? i have a bunch of them lines and i'm not shorting. moreover, if that's engulfed it will drop, then it will come back and get more sellers from that level. that's when you short.

edit: as we move along, other bullish structures will be created. then we watch those to be engulfed at key levels, and so on. why is this so difficult?
  • #424,230
  • Apr 19, 2011 12:30pm Apr 19, 2011 12:30pm
Quoting sidhujag
We should visit 1.39 next stop as a lower low... got my pending set at 1.4350.. if it doesn't touch it next hour or so the retrace may turn into uptrend resumption.

correct!
but also hourly close above 50 then it is heading north again
  • #424,231
  • Apr 19, 2011 12:31pm Apr 19, 2011 12:31pm
I'm long since 1.4318.

Stop loss and sell stop at 1.4297 for a possible reversal
  • #424,232
  • Apr 19, 2011 12:33pm Apr 19, 2011 12:33pm
Quoting sidhujag
We should visit 1.39 next stop as a lower low... got my pending set at 1.4350.. if it doesn't touch it next hour or so the retrace may turn into uptrend resumption.
You waiting drop but your pending is higher than current price ?!
  • #424,233
  • Apr 19, 2011 12:34pm Apr 19, 2011 12:34pm
Quoting SunTrader
A candle alone is not a very good reason to take a trade.
-Round number
-upwards bulge getting sold into
-fundamentals (euro now weaker than usd for a while?)
-240ma h1 got pierced and closed below yesterday.
-was distribution by SM on top at 1.45 I see it as the down move begins to clear some smoke
-Sell high buy low
-If news comes out and changes trend use an exit strategy

I like to trade the bulge's because that's usually where SM will come into play... when price falls or rises too fast next to a bigger move.. price becomes unfair. If bulge doesn't materialize in the time you think is necessary just remove the limit and wait

Jag
  • #424,234
  • Apr 19, 2011 12:35pm Apr 19, 2011 12:35pm
Quoting prezd
You waiting drop but your pending is higher than current price ?!
I think he is looking for a bounce
  • #424,235
  • Apr 19, 2011 12:35pm Apr 19, 2011 12:35pm
Quoting prezd
You waiting drop but your pending is higher than current price ?!
Yes I'm waiting for an unfair price by a spike.. as soon as we are in extremely overbought territory then statistically you have a better chance of success.
  • #424,236
  • Apr 19, 2011 12:40pm Apr 19, 2011 12:40pm
I dont see 15m bearish engulfing...it isnt btw and from morning we had 2 nice bulish patterns like hammer + traingle + bulish flah 1h

1h bar closed on 50 EMAm first target is 1.4365/75 the 61.8 fibo it is last swing (12-14.4. lows)

after that we can make decision where we go...

John
  • #424,237
  • Edited 12:45pm Apr 19, 2011 12:43pm | Edited 12:45pm
[quote=Julexo;4554226]Maybe

after 12h
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  • #424,238
  • Apr 19, 2011 12:43pm Apr 19, 2011 12:43pm
Fly baby, Fly...
Inserted Video
Make it rain baby
  • #424,239
  • Apr 19, 2011 12:48pm Apr 19, 2011 12:48pm
Quoting Julexo
Maybe

after 12h
  • #424,240
  • Apr 19, 2011 12:49pm Apr 19, 2011 12:49pm
Quoting AllyB
3 of my trades match yours!!!
+51
Good stuff!
" Never let the past hold the future to ransom "
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