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EURUSD

  • #439,721
  • May 11, 2011 8:33am May 11, 2011 8:33am
Quoting Gleneagles
+60 ( 5 X 12 )


Expecting a narrow range with messy PA today.

If I am wrong I will just have another cocktail and live with the disappointment.

Having another cocktail , good luck with your trades bbl
" Never let the past hold the future to ransom "
  • #439,722
  • May 11, 2011 8:34am May 11, 2011 8:34am
Quoting FibbinArchie
expecting at least a bit of a speed hump around 431x...
barely registered a blip, bears got the short term ball for now...
  • #439,723
  • May 11, 2011 8:35am May 11, 2011 8:35am
Quoting gatorinla
sos... except 4363 is a s/r now.

who u wana kill bro its free today
  • #439,724
  • May 11, 2011 8:35am May 11, 2011 8:35am
Quoting Gleneagles
Having another cocktail , good luck with your trades bbl
finally got a couple. tried 1 long earlier and closed for +2 also.
Attached Image
  • #439,725
  • May 11, 2011 8:36am May 11, 2011 8:36am
Quoting ForexSam
Not really....
Thanks for making that valid point. Funny how you can overlook such things if you're mainly staring at charts n don't give too much attention to the fundies . Yeah, it totally makes sense - thanks for the reminder
Trends, breakouts, price action.
  • #439,726
  • May 11, 2011 8:39am May 11, 2011 8:39am
one more feck it more sexy
Attached Image (click to enlarge)
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  • #439,727
  • May 11, 2011 8:46am May 11, 2011 8:46am
Quoting kill56
one more feck it more sexy

Yesterday I dreamt.Someone telling me never follow signal providers or Fucking forex gurus as If there were so accurate they must be among richest man of the world..I did just opposite of their signals today and I swear I recovered past 2 months loss today
  • #439,728
  • May 11, 2011 8:47am May 11, 2011 8:47am
I don't think this is a level to fail at either. Looking for at least 1.4282 seems like we are getting a bounce here. Not sure how much though.

Quoting RamsesII
wedge update

am expecting much much lower
  • #439,729
  • May 11, 2011 8:47am May 11, 2011 8:47am
20 pip bounce off the low 90s regular as clockwork, banked...
  • #439,730
  • May 11, 2011 8:49am May 11, 2011 8:49am
Quoting TheSwede
I don't think this is a level to fail at either. Looking for at least 1.4282 seems like we are getting a bounce here. Not sure how much though.

Ok... Tracking
Do your time and enjoy the ride...
  • #439,731
  • May 11, 2011 8:49am May 11, 2011 8:49am
Quoting key4success

Yesterday I dreamt.Someone telling me never follow signal providers or Fucking forex gurus as If there were so accurate they must be among richest man of the world..I did just opposite of their signals today and I swear I recovered past 2 months loss today
i never have and never will , i listen but always have the final say. always remember the majority of the people here are either still on demo or not profitable .. ITS SIMPLY A FACT
  • #439,732
  • May 11, 2011 8:50am May 11, 2011 8:50am
Quoting FibbinArchie
20 pip bounce off the low 90s regular as clockwork, banked...
yep, that was nice.
Trends, breakouts, price action.
  • #439,733
  • May 11, 2011 8:52am May 11, 2011 8:52am
booked eu at 4300 and taken long tgt 4314 4335
  • #439,734
  • May 11, 2011 8:52am May 11, 2011 8:52am
Quoting aizazk
yep, that was nice.
stop clusters get placed just below round numbers, smart money takes them out then need to run it back to off load, my theory anyway...
  • #439,735
  • May 11, 2011 8:53am May 11, 2011 8:53am
Quoting needpips
Well, I got 20 pips in the green and put a stop on this trade and went off to bed....woke up up with a SL and small prfit, yet a profit. Why is it whenever one does that, the fikin trade screams in your direction, only after uve been stopped....LOL. Ill see if there is a trade at NY open, if not I might just wait till Asia.
Can i offer this suggestion .

Even when there is no news and things are relatively quite price moves in the 100% move then roughly 50% retrace natural movement.

You get like 10 pip/20 pip tight consolidations .
20 move 10 retrace =very slow moves.
30 move 15 retrace = bit stronger
30 move 30 move = likely reversal .

From what you did it sounds like price wasnt very volatile,so when you got a 20 pip move ,you maybe were tired ,so placed a tight stop and went to bed ,am just guessing that bit.

If you leave a tight stop at the wrong time in the cycle its virtually gauranteed to hit .

If you go back and check buddy please find out how long was the leg were you got your 20 pips on small timeframe and see were you put your stop in relation to the leg.
An example leg say 1.4000 to 13970 =30 pips ,its highly likely short term traders will get out causing a small move backwards thus a roughly 15 pip retrace.
So say you did get in at 1.4000 price moves to 1.3980 and continues to 3970 you put say 5/10pip stop at 20 pips 3980.

The retrace will highly likely get your stop before continuing .

To stay in a trade and put safe stop that is likely to survive .

You gotta have at least a leg a retrace and another leg that breaks the low to give a stop a chance of surviving.
making green pips large and red pips small this is my goal.
  • #439,736
  • May 11, 2011 8:53am May 11, 2011 8:53am
Quoting FibbinArchie
stop clusters get placed just below round numbers, smart money takes them out then need to run it back to off load, my theory anyway...

I will look for further downside with 1.425 & 1.42 as targets
  • #439,737
  • May 11, 2011 8:55am May 11, 2011 8:55am
Quoting key4success
I will look for further downside with 1.425 & 1.42 as targets
what you providing a signal service now? (I'm just kidding btw)...
  • #439,738
  • May 11, 2011 8:55am May 11, 2011 8:55am
Just being conservative , closed all scalping parts already at lows as the camel may come .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #439,739
  • May 11, 2011 8:58am May 11, 2011 8:58am
Quoting FibbinArchie
stop clusters get placed just below round numbers, smart money takes them out then need to run it back to off load, my theory anyway...
yeh, that normally works, but not sure if you mean to say it will reverse, check the M5, seems to be a retrace:

http://clip2net.com/clip/m66444/thum...-clip-14kb.png
Trends, breakouts, price action.
  • #439,740
  • May 11, 2011 8:59am May 11, 2011 8:59am
Quoting paul1
Can i offer this suggestion .

Even when there is no news and things are relatively quite price moves in the 100% move then roughly 50% retrace natural movement.

You get like 10 pip/20 pip tight consolidations .
20 move 10 retrace =very slow moves.
30 move 15 retrace = bit stronger
30 move 30 move = likely reversal .

From what you did it sounds like price wasnt very volatile,so when you got a 20 pip move ,you maybe were tired ,so placed a tight stop and went to bed ,am just guessing that bit.

If you leave a tight stop at the wrong time in...

WoW...great comment. I really never expected the kinda advise that is being offered here. Sincerely, thanks. Ive really turned the corner in my intraday trading with the help of those here. I will definitely use this in the future.
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