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  • #445,421
  • May 19, 2011 7:30pm May 19, 2011 7:30pm
So do you guys think this is "the top" or will we go higher over the next few days?
Don't have an ego. Always question yourself and your ability.
  • #445,422
  • May 19, 2011 7:30pm May 19, 2011 7:30pm
quick pips +24

finally got out of the range
Attached Image (click to enlarge)
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  • #445,423
  • May 19, 2011 7:32pm May 19, 2011 7:32pm
kinda weird pop then this....LOL



Quoting RamsesII
lol, i had one in but it was just a bit too high
  • #445,424
  • May 19, 2011 7:33pm May 19, 2011 7:33pm
Quoting RamsesII
lol, i had one in but it was just a bit too high
Oh ... then sorry for that ...

Where did you have had your Entry Limit ?
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #445,425
  • May 19, 2011 7:34pm May 19, 2011 7:34pm
Daily TL?

Looking at a daily chart we have been rising since May 2010!

Quoting RamsesII
update
Attached Image (click to enlarge)
Click to Enlarge Name: euro daily.GIF Size: 38 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #445,426
  • May 19, 2011 7:35pm May 19, 2011 7:35pm
Quoting mercy seat
Oh ... then sorry for that ...

Where did you have had your Entry Limit ?
39, i did get in though just a bit lower
Don't have an ego. Always question yourself and your ability.
  • #445,427
  • May 19, 2011 7:35pm May 19, 2011 7:35pm
But if the politics get touchy....maybe 1.46-1.47 (61.8-76.4)



Quoting RamsesII
So do you guys think this is "the top" or will we go higher over the next few days?
  • #445,428
  • May 19, 2011 7:38pm May 19, 2011 7:38pm
Quoting AllyB
quick pips +24

finally got out of the range
Good call Ally.
I use MM on the 1mn.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 51911.gif Size: 27 KB
  • #445,429
  • May 19, 2011 7:41pm May 19, 2011 7:41pm
Quoting RamsesII
39, i did get in though just a bit lower
Ahh ... okay ...

For example ... when I think about a STOP ORDER ... no matter if Stop Loss or Stop Entry or Stop Reverse ... then I put it mostly 3-5 pips beyond my calculation ...

Otherwise when I think about a LIMIT ORDER ... then I put it mostly 2-3 pips prior to calculation level ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #445,430
  • May 19, 2011 7:41pm May 19, 2011 7:41pm
*G
  • #445,431
  • May 19, 2011 7:42pm May 19, 2011 7:42pm
I'm not really a big fan of this wedge and it is highly speculative, so don't hold too much weight with this idea... just maybe something to keep in the back of your mind.

edit: another reason why i pointed out this wedge is because the euro has already formed and busted a wedge earlier in this decline
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Don't have an ego. Always question yourself and your ability.
  • #445,432
  • May 19, 2011 7:43pm May 19, 2011 7:43pm
Quoting mercy seat
Ahh ... okay ...

For example ... when I think about a STOP ORDER ... no matter if Stop Loss or Stop Entry or Stop Reverse ... then I put it mostly 3-5 pips beyond my calculation ...

Otherwise when I think about a LIMIT ORDER ... then I put it mostly 2-3 pips prior to calculation level ...
i was considering going a bit lower but really wanted the risk to be tight since my order was huge (max margin with 5 pip SL )
Don't have an ego. Always question yourself and your ability.
  • #445,433
  • Edited 7:50pm May 19, 2011 7:46pm | Edited 7:50pm
Look at the pop when the Top weekly TL met the current Uptrend LTL

edit: not to mention 2 rejections then the recent breakthrough - now the line has flipped support so far.
Attached Image (click to enlarge)
Click to Enlarge Name: euro weekly.GIF Size: 24 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #445,434
  • May 19, 2011 7:50pm May 19, 2011 7:50pm
Quoting XTrade
Look at the pop when the Top weekly TL met the current Uptrend LTL
well you've got it drawn perfectly now but most had it closing below the TL on the weekly
Don't have an ego. Always question yourself and your ability.
  • #445,435
  • May 19, 2011 7:54pm May 19, 2011 7:54pm
Quoting RamsesII
i was considering going a bit lower but really wanted the risk to be tight since my order was huge (max margin with 5 pip SL )
Ahh ... okay .. anyway - it will come much lower ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #445,436
  • May 19, 2011 7:55pm May 19, 2011 7:55pm
Quoting mercy seat
Ahh ... okay .. anyway - it will come much lower ...
are you a "top is in" guy with us going below 1.4050 from here?
Don't have an ego. Always question yourself and your ability.
  • #445,437
  • May 19, 2011 7:55pm May 19, 2011 7:55pm
Quoting AlexC
Good call Ally.
I use MM on the 1mn.
4297 next getting effie here for Asian open. pa has slowed down
  • #445,438
  • May 19, 2011 8:11pm May 19, 2011 8:11pm
Quoting AllyB
4297 next getting effie here for Asian open. pa has slowed down
1.4281 DP close by.
  • #445,439
  • May 19, 2011 8:12pm May 19, 2011 8:12pm
Quoting Mr Hatch
I just took a look at ej. both resistances up ahead were not closed above yet.
I'm sceptical.
same here. just watching to see is we just touched a st bottom around 88 to 96.
those who can, do. those who cant, talk about those who can
  • #445,440
  • May 19, 2011 8:21pm May 19, 2011 8:21pm
picked up a couple fresh longs...see if we have true support here...
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