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  • #433,361
  • May 2, 2011 5:02pm May 2, 2011 5:02pm
short @ 1.4821 looking for 1.48
  • #433,362
  • May 2, 2011 5:02pm May 2, 2011 5:02pm
Quoting prezd
PA looks very similar to yesterday @ this hour.

any1 else expecting 56p fall in half an hour ?
No.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #433,363
  • May 2, 2011 5:04pm May 2, 2011 5:04pm
gold is going BAZOOKA again
  • #433,364
  • May 2, 2011 5:04pm May 2, 2011 5:04pm
Quoting mercy seat
Final Closing ...

Sorry Archie cannot express in ENGLISH ...



;-|
better than my austrian...

eine bier und eine bratwurst bitte. that's about it...
  • #433,365
  • May 2, 2011 5:06pm May 2, 2011 5:06pm
but just in case your right i just removed my tp on a short scalp i am in.

you never know...

(nice to see a friendly environment around here for a change. )

green pips, guys

Quoting prezd
PA looks very similar to yesterday @ this hour.

any1 else expecting 56p fall in half an hour ?
dreams do come true.
  • #433,366
  • May 2, 2011 5:07pm May 2, 2011 5:07pm
This chart might help someone

Attached Image (click to enlarge)
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #433,367
  • May 2, 2011 5:08pm May 2, 2011 5:08pm
Damn Magix! gonna set the tp again on the scalp LOL



Quoting Magix
No.
dreams do come true.
  • #433,368
  • May 2, 2011 5:08pm May 2, 2011 5:08pm
Quoting needpips
short @ 1.4821 looking for 1.48
you picked an iffy entry point

price has fallen approx 80 pips since 1.49011 and by the looks of it, selling pressure seems to be diminishing as evidenced by decreased, price speed and thrust.

it is possible but be aware that a correction might be lurking and can take out your stop loss if any.

and if you are ready to risk it and ride out the draw down, be very careful

best of lucks thought
AVT INVENIAM VIAM AVT FACIAM
  • #433,369
  • May 2, 2011 5:09pm May 2, 2011 5:09pm
Quoting wannaberich
Damn Magix! gonna set the tp again on the scalp LOL

I'm not saying it can't happen, it's just not what I am expecting...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #433,370
  • May 2, 2011 5:10pm May 2, 2011 5:10pm
remember we are still in a bull market,

it is safer to buy low and if wrong sit on your hands as price might bail you out eventually

than to sell low and see the bull charge and take your head off
AVT INVENIAM VIAM AVT FACIAM
  • #433,371
  • May 2, 2011 5:11pm May 2, 2011 5:11pm
Quoting wannaberich
but just in case your right i just removed my tp on a short scalp i am in.

you never know...

(nice to see a friendly environment around here for a change. )

green pips, guys
Yo WBR, how'd that weekend hold work out?
  • #433,372
  • May 2, 2011 5:12pm May 2, 2011 5:12pm
Quoting the redlion
i feel a little dumb now hahahaha

but i had that question because ever since i started trading a little over 4 months now.

i see things this way, and people say that trading is so hard, and i have to be honest. it gets a little challenging when you dont stop and analyze the market structure and trade against the overall price movement. but i just thought i might be missing something, since i have only seen PRICE MOVEMENT and never have concerned my self with TIME FRAMES. thanks for your responses

but if you read the news, and find out that the...
Although I am a nooby, when I look at multiple time frames one of the things I am looking at is the thrust, speed and buying pressure that would get those other buyers pushing you through your trade...we ride along with the banks etc.

Now reading:High Probability Trading by Marcel Link

mirico
  • #433,373
  • May 2, 2011 5:13pm May 2, 2011 5:13pm
Dis is whut Ima lookin fer...

Denial on the 5ive...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #433,374
  • May 2, 2011 5:14pm May 2, 2011 5:14pm
Quoting the redlion
you picked an iffy entry point

price has fallen approx 80 pips since 1.49011 and by the looks of it, selling pressure seems to be diminishing as evidenced by decreased, price speed and thrust.

it is possible but be aware that a correction might be lurking and can take out your stop loss if any.

and if you are ready to risk it and ride out the draw down, be very careful

best of lucks thought
Im looking at the 30 min chart....4790 looks to be a target...from there it could literally tank or shoot north...I believe we are correcting in an expanding fashion, so we could hit 473 on weekly pivot....I might close it and look for a better entry...lets see how it plays...I appreciate your response and really enjoy this board.
  • #433,375
  • May 2, 2011 5:16pm May 2, 2011 5:16pm
Quoting Magix
Dis is whut Ima lookin fer...

Denial on the 5ive...
tokyo on bank hol tonight don't forget...
  • #433,376
  • May 2, 2011 5:17pm May 2, 2011 5:17pm
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  • #433,377
  • May 2, 2011 5:19pm May 2, 2011 5:19pm
depends on how i look at it... i was up around 200 pips on those 3 shorts and ended up losing 20 pips! guess it could have been worst, right? LOL

that's what happens when i try to do something i don't know how to: swing trade. just have to follow my system and let the big runners for those who know how to handle them.

had one of those unlucky ones in the morning (stopped at the bottom of todays up move on the very brim of a wick and then went up 80 pips or so) but still got a good long to the 890 and i shorted there and ended today in the green. short scalp right now for a couple of pips as i have a couple of targets below us to complete before i go long (or not, need the beauty sleep LOL)

Green pips

Quoting FibbinArchie
Yo WBR, how'd that weekend hold work out?
dreams do come true.
  • #433,378
  • May 2, 2011 5:21pm May 2, 2011 5:21pm


geeez guys, everyone talking german now?

Quoting Magix
Dis is whut Ima lookin fer...

Denial on the 5ive...
dreams do come true.
  • #433,379
  • May 2, 2011 5:22pm May 2, 2011 5:22pm
Quoting wannaberich
depends on how i look at it... i was up around 200 pips on those 3 shorts and ended up losing 20 pips! guess it could have been worst, right? LOL

that's what happens when i try to do something i don't know how to: swing trade. just have to follow my system and let the big runners for those who know how to handle them.

had one of those unlucky ones in the morning (stopped at the bottom of todays up move on the very brim of a wick and then went up 80 pips or so) but still got a good long to the 890 and i shorted there and ended today in the green....
20 pip stop is perfectly reasonable, even 30 to 35, you're never gonna catch 100% of a move on a consistent basis, so it's about striking the right balance between locking in profit, whilst still allowing price breathing space for a continuation..
  • #433,380
  • May 2, 2011 5:25pm May 2, 2011 5:25pm
Quoting FibbinArchie
tokyo on bank hol tonight don't forget...
It's movements during London I am interested in...but my reasoning is just based on wave correction on chart breaks...

This is a shit time to be taking a trade so even with Tok on hols, I will have some closer eyes during their opening bells...

Ya never know what them crazy Monkey Fighters gunna get up to...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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