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  • #439,541
  • May 11, 2011 1:46am May 11, 2011 1:46am
Quoting sisse

PTL, 1.272x looking even better and clearer by the minute (better than this pair) on EUR/CHF for a continuation down....

sisse
Those bastards took me out on the close through 1.2613/44...If that level fails on the close, I'm back in for a play to 1.2348ish...sidelined for now
Look Sharp/Trade Tight
  • #439,542
  • May 11, 2011 1:48am May 11, 2011 1:48am
Quoting gatorinla
i personally cant long here w/o a close above 4409.. 4434 closed above would be the one after. so even with a b/o above 4406 + could be limited.
another reason.. is we don't have momentum to cross. same chart from last week. mofus are mofus..we are between this one and 2008 level.
Attached Image
those who can, do. those who cant, talk about those who can
  • #439,543
  • May 11, 2011 1:51am May 11, 2011 1:51am
Quoting PayTheLimit
gotcha...I'm looking for 6190/6225 and 5999 if we push lower...otherwise I'll blow my brains out on a close above 6450/80...lots of news/fundie risk latter...good luck
there was supposed to be some china news.
those who can, do. those who cant, talk about those who can
  • #439,544
  • May 11, 2011 1:51am May 11, 2011 1:51am
Quoting PayTheLimit
Those bastards took me out on the close through 1.2613/44...If that level fails on the close, I'm back in for a play to 1.2348ish...sidelined for now
I see why...bastards. I am flat on Eur/Chf but ready to load a full position on 1.272x rejection. Time wise, choppy/noisy open is a very probable option as in the "middle of nowhere" without reports so Inflation reports on the UK can give us the first hints for the good moves.

we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #439,545
  • May 11, 2011 1:56am May 11, 2011 1:56am
Quoting sisse
I see why...bastards. I am flat on Eur/Chf but ready to load a full position on 1.272x rejection. Time wise, choppy/noisy open is a very probable option as in the "middle of nowhere" without reports so Inflation reports on the UK can give us the first hints for the good moves.

we'll see

sisse
dont forget about the rumor of that big 5yard stop below 12400....
Look Sharp/Trade Tight
  • #439,546
  • May 11, 2011 2:00am May 11, 2011 2:00am
Quoting gatorinla
there was supposed to be some china news.
GBP inflation report...and commentary...will be a zoo later I'm sure...
Look Sharp/Trade Tight
  • #439,547
  • May 11, 2011 2:00am May 11, 2011 2:00am
Due benefit of doubt from lower tf , there may be a chance up breaks 4422 & 4441 as per H4 tf as long as 1.4376 not broken down .

lets see , where ends the indecision .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #439,548
  • May 11, 2011 2:04am May 11, 2011 2:04am
Guys,
I'm pretty new to FX trading. I've been trading live for only a few months, but spent over a year working on strats and models. I've been profitable so far, though small profit, but am in a large position right now and taking about about a 6% unrealized loss (shorted at 4350). I still think I'll see that level and lower, but was wondering if what the thoughts of the experiences guy are on here in terms of getting out or adding to the position, etc.. I know the risk is high on this one and I'm probably playing with fire..

thanks!
  • #439,549
  • May 11, 2011 2:09am May 11, 2011 2:09am
Quoting PayTheLimit
GBP inflation report...and commentary...will be a zoo later I'm sure...
yeah.. time for some fishing.
Inserted Video
those who can, do. those who cant, talk about those who can
  • #439,550
  • May 11, 2011 2:12am May 11, 2011 2:12am
Quoting gatorinla
yeah.. time for some fishing. http://www.youtube.com/watch?v=ZHSYl5rN2q4
gator season..lol...dont want to mess with any of those guys at the bar...
Look Sharp/Trade Tight
  • #439,551
  • May 11, 2011 2:13am May 11, 2011 2:13am
Quoting PayTheLimit
dont forget about the rumor of that big 5yard stop below 12400....
well an all time low is always a hard nut to crack but when it happens (last pair to do that was the usd/chf early this year) ....you must be on the train especially in that multi year triple bottom, at 1.240x.

The problem with that level is that is central bank and trade related and not only risk / interest rate related as neither the euro or the swiss franc can diverge that much from the mean as the economic/trade and financial relations between Switzerland and Europe are on the table as oppose of the franc with dollar or others....

we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #439,552
  • May 11, 2011 2:16am May 11, 2011 2:16am
EURCHF H1 Gartley is working nice so far.
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  • #439,553
  • Edited 3:00am May 11, 2011 2:17am | Edited 3:00am
Though not any long yet , possible pa now , keep short if breaks 4382/76 now for big wave 3 of 5th down. Done and done for me too , keeping short for the low & new lows possible .next will think for scalping portion at 4336/30 & 16 areas.
now going back towards 4396 , ok .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #439,554
  • May 11, 2011 2:17am May 11, 2011 2:17am
Good Morning Folks !!!

Market still in range moves. Not profitable for all.. Good for scalping...

Something intressting to share?
  • #439,555
  • May 11, 2011 2:18am May 11, 2011 2:18am
Quoting glennl2000
Guys,
I'm pretty new to FX trading. I've been trading live for only a few months, but spent over a year working on strats and models. I've been profitable so far, though small profit, but am in a large position right now and taking about about a 6% unrealized loss (shorted at 4350). I still think I'll see that level and lower, but was wondering if what the thoughts of the experiences guy are on here in terms of getting out or adding to the position, etc.. I know the risk is high on this one and I'm probably playing with fire..

thanks!
Too late now but hows about in future not risking more than 1.5-3% of your account. That should be your FIRST rule. I'll leave the others to comment on the rest...
  • #439,556
  • May 11, 2011 2:22am May 11, 2011 2:22am
my 3 trades for now.. Sl each 15 pips.
Not worth to risk more in range moves.. If this will gonna have breakout for downside, then i will change my targets.
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  • #439,557
  • May 11, 2011 2:24am May 11, 2011 2:24am
EURUSD M5 Butterfly Bearish works good too.
And Just arrived M5 Gartley Bullish with zones.
One have to remember that in Harmonic Trading most important thing that constitutes potential reversal zone is name and size of pattern and then TF.
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  • #439,558
  • May 11, 2011 2:28am May 11, 2011 2:28am
Quoting glennl2000
Guys,
I'm pretty new to FX trading. I've been trading live for only a few months, but spent over a year working on strats and models. I've been profitable so far, though small profit, but am in a large position right now and taking about about a 6% unrealized loss (shorted at 4350). I still think I'll see that level and lower, but was wondering if what the thoughts of the experiences guy are on here in terms of getting out or adding to the position, etc.. I know the risk is high on this one and I'm probably playing with fire..

thanks!

This should be helping then! Lucky- unless you removed it.
  • #439,559
  • May 11, 2011 2:31am May 11, 2011 2:31am
Quoting glennl2000
Guys,
I'm pretty new to FX trading. I've been trading live for only a few months, but spent over a year working on strats and models. I've been profitable so far, though small profit, but am in a large position right now and taking about about a 6% unrealized loss (shorted at 4350). I still think I'll see that level and lower, but was wondering if what the thoughts of the experiences guy are on here in terms of getting out or adding to the position, etc.. I know the risk is high on this one and I'm probably playing with fire..

thanks!
Risk Management ... well, too late now.

Anyways,y ou might have a chance to break even or pretty close within the next 4-5 hours! What is your TP (or let's say a break even) as of now?
How large of a position? (lots)?
  • #439,560
  • May 11, 2011 2:34am May 11, 2011 2:34am
Yes too late. Hopefully I can get out at BE or maybe 1 pip profit! I shorted 10 lots at 1.4350.. I was actually scalping, lost my connection and when I had it restored I was down 15 pips, so I figured I'd try to last it out.. Have to say, trading live is quite difficult. Emotions are very hard to control, and having patience..

Quoting Gunter
Risk Management ... well, too late now.

Anyways,y ou might have a chance to break even or pretty close within the next 4-5 hours! What is your TP (or let's say a break even) as of now?
How large of a position? (lots)?
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