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  • #439,661
  • May 11, 2011 4:54am May 11, 2011 4:54am
Quoting FibbinArchie
not being funny, but seriously, all the short calls here are ringing alarm bells...
language barrier here, meaning like not good idea to short or meaning hm, might be good time to short now?
  • #439,662
  • May 11, 2011 4:54am May 11, 2011 4:54am
Quoting Shadip
the 300 pip move is what he thinks is a joke. In one day, not really likely.
not without a fundamental trigger in usual
Hero calls followed by margin calls...
  • #439,663
  • May 11, 2011 4:54am May 11, 2011 4:54am
Quoting FibbinArchie
not being funny, but seriously, all the short calls here are ringing alarm bells...
  • #439,664
  • May 11, 2011 4:55am May 11, 2011 4:55am
Quoting FibbinArchie
not being funny, but seriously, all the short calls here are ringing alarm bells...
well everywhere I read I hear euro going under...greece getting booted! So the only way to play this is short the mofo!!

dont you agree?

I put my short in at 1.4377 and will be going to bed shortly..no monitoring...thats how confident I am.
Don't be fooled by randomness
  • #439,665
  • May 11, 2011 4:57am May 11, 2011 4:57am
Quoting frothy
well everywhere I read I hear euro going under...greece getting booted! So the only way to play this is short the mofo!!

dont you agree?
it's all in the timing, also doomsday news is usually accompanied by a market washout/reversal, but anything can happen...

also, I'd at least get the risk out of the trade by covering a portion to counter your stop distance margin, or waiting for stop to get to b/e before going to bed...
  • #439,666
  • May 11, 2011 4:57am May 11, 2011 4:57am
Quoting frothy
look what happened 6 days ago.....soo anything is possible!!

I am not saying I know my stuff.....but I have been trading forex for almost 5 months now! So I kinda know a thing or two about trading the forex.
Yeah I know what you're saying mate. I just feel the situation then, kinda warranted a much larger drop. The 3 daily doji's/high wicks, the fact it wasn't going up ect... Theres news in half an hour, lets see. I'm looking at buying at the 38.2. So lets see.
  • #439,667
  • May 11, 2011 4:58am May 11, 2011 4:58am
Quoting sphinx8
language barrier here, meaning like not good idea to short or meaning hm, might be good time to short now?
just thinking contrarian, ie. don't follow the herd, cause the herd is usually wrong, but anything can happen, like I said just alarm bells...
  • #439,668
  • May 11, 2011 4:59am May 11, 2011 4:59am
Inserted Video
  • #439,669
  • May 11, 2011 5:01am May 11, 2011 5:01am
[
Until about now, PA indicated 20pip levels located around 70 (the body of the low, ignoring wicks), 90. Logically 4410, would follow, yet the high was slightly above 4420. You also posted the initial range as 4366-4418 (which is difficult to divide by 20), and your picture shows your interpretation at 81, 01, 21.

So, to finally ask the question: do you take the last 'set' of these levels? If so when do you switch from one to another?

Thanks.[/quote]

The market does not look at the levels that I draw and it does not really care about them to be honest. The price swings will not always hit the 20 pip levels to the pip. The average may range from 16-25 pips, the 20 pip levels is just a guideline to find a high probabilty area to nail a 12 pip trade.

I have not adjusted my levels yet but you can put in "midrange" levels if you feel that it will give you better entry levels.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 May. 11 13.56.jpg Size: 82 KB
" Never let the past hold the future to ransom "
  • #439,670
  • May 11, 2011 5:02am May 11, 2011 5:02am
Quoting Mr Hatch
http://www.youtube.com/watch?v=hQAe1WRCXH0
Yo Mr H, how you doin'?
  • #439,671
  • May 11, 2011 5:05am May 11, 2011 5:05am
Quoting FibbinArchie
Yo Mr H, how you doin'?
fine, hope you are, too.
  • #439,672
  • May 11, 2011 5:05am May 11, 2011 5:05am
Quoting Gleneagles
[
Until about now, PA indicated 20pip levels located around 70 (the body of the low, ignoring wicks), 90. Logically 4410, would follow, yet the high was slightly above 4420. You also posted the initial range as 4366-4418 (which is difficult to divide by 20), and your picture shows your interpretation at 81, 01, 21.

So, to finally ask the question: do you take the last 'set' of these levels? If so when do you switch from one to another?

Thanks.

The market does not look at the levels that I draw and it does not really care about them to be honest. The price swings will not always hit the 20 pip levels to the pip. The average may range from 16-25 pips, the 20 pip levels is just a guideline to find a high probabilty area to nail a 12 pip trade.

I have not adjusted my levels yet but you can put in "midrange" levels if you feel that it will give you better entry levels.
those 20 pip blocks do tend to work well as a rough guide...
  • #439,673
  • May 11, 2011 5:07am May 11, 2011 5:07am
Quoting Mr Hatch
fine, hope you are, too.
ticking over thanks...
  • #439,674
  • May 11, 2011 5:10am May 11, 2011 5:10am
Quoting Tania
I am new here so there is no obligation to follow my signals
This is the second signals,if U find 5 out of 5 correct then follow me.
I am clear without chart just get U right into trade
Sell = 1.4422
ST/L=1.4435
T/P1=1.4395
T/P2=1.4371
Breaking 1.4371 is important for going toward 1.4285
Right now pair is going toward 1.4440
T/P1 and T/P2 touched but again 4 Hour Candle Open Under 1.4371 is very important to get 1.4285
Just check my signals with your experience then decide, please,
  • #439,675
  • May 11, 2011 5:12am May 11, 2011 5:12am
Quoting FibbinArchie
those 20 pip blocks do tend to work well as a rough guide...
Exactly, it is a rough guide only, some days it will be 100% spot on but that is not what I am looking for.
" Never let the past hold the future to ransom "
  • #439,676
  • May 11, 2011 5:12am May 11, 2011 5:12am
hey junkies

fibby hatch whats cocking
  • #439,677
  • May 11, 2011 5:14am May 11, 2011 5:14am
Quoting Tania
T/P1 and T/P2 touched but again 4 Hour Candle Open Under 1.4371 is very important to get 1.4285

what do you think of the news effecting that outcome?

thanks
  • #439,678
  • May 11, 2011 5:14am May 11, 2011 5:14am
Quoting kill56
hey junkies

fibby hatch whats cocking
Yo kill, cooking up the forex crack for intravenous injection...
  • #439,679
  • May 11, 2011 5:17am May 11, 2011 5:17am


4420 4388 4350 4325 is doomed and still sticky
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  • #439,680
  • May 11, 2011 5:17am May 11, 2011 5:17am
just closed positions..lets see what the market brings us soon
Trends, breakouts, price action.
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