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Price is everything

  • #19,061
  • Jun 9, 2011 2:46am Jun 9, 2011 2:46am
Quoting Orbital
Yes its a decent trade, couple of traders here took positions on the euro in that zone. Target zones seem to be 1.4650ish but dont take my word on that, its just a place id be looking for an exit, if not earlier. Depends on your moneymanagement really and how heavy you are positioned.


@Enigma4x:

Yes head and shoulders has been there since the 6th of june on the 1hr for those who could spot it early, personally i didnt go short and im hoping for a larger break north. AUD/USD just flashcrashed on bad job data, but this is really what it looks...

thanks orbit for ya reply, yess you are brilliant (like always) that is only on my observation list.

don´t see any sign for short too and with my bullish bias I´m still waiting for an clear pa in this TF. But I´m open for all and my weapons are ready.

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #19,062
  • Jun 9, 2011 2:51am Jun 9, 2011 2:51am
Quoting Orbital
Probably not the wisest choice but i think a 25 pip stop seems reasonable for the Risk/reward in place here.

Attachment

Attachment

Will see what happens, id be slightly dissapointed if this doesnt work out, but criteria fits so im forced to take this trade, despite the fact that silver is probably the mother of all whores after that flashcrash fiasko...
nice 1
missed this
  • #19,063
  • Jun 9, 2011 3:05am Jun 9, 2011 3:05am
hi all,

just shorted eur at 1.4626 with 20p sl at last swing high.
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  • #19,064
  • Jun 9, 2011 4:30am Jun 9, 2011 4:30am
Quoting keikor
good job kingpinn. what was your initial stoploss and what makes you Tp at 1.4650. if i am not mistaken, it was like a 100pip tp for you?

I took profit at 1.4645, +75 Pips. First good trade for days .

I placed my TP in 1.4650 area because in 4 h chart u can see the channel between 1.4570 and 1.4650. (Demand -- Supply).

Have a nice day.
  • #19,065
  • Jun 9, 2011 4:51am Jun 9, 2011 4:51am
Quoting keikor
hi all,

just shorted eur at 1.4626 with 20p sl at last swing high.
I'm expecting price to bounce around here until the news release with some sharper movements just before as the smart money leaves the Market. Scalping mode for you guys who can't keep out of the Market! Unless you are already in like me with my remaining position from last night, which is at BE! Certainly no swing trades now guys until after the news and the Market has shown its hand!
  • #19,066
  • Jun 9, 2011 4:53am Jun 9, 2011 4:53am
Quoting keikor
hi all,

just shorted eur at 1.4626 with 20p sl at last swing high.
I'm expecting price to bounce around here until the news release with some sharper movements just before as the smart money leaves the Market. Scalping mode for you guys who can't keep out of the Market! Unless you are already in like me with my remaining position from last night, which is at BE! Certainly no swing trades now guys until after the news and the Market has shown its hand!

P.S. - I'm hiding in the toilet @work... ROFL!
  • #19,067
  • Jun 9, 2011 4:57am Jun 9, 2011 4:57am
Quoting bbakker
I'm expecting price to bounce around here until the news release with some sharper movements just before as the smart money leaves the Market. Scalping mode for you guys who can't keep out of the Market! Unless you are already in like me with my remaining position from last night, which is at BE! Certainly no swing trades now guys until after the news and the Market has shown its hand!

P.S. - I'm hiding in the toilet @work... ROFL!
If you're in the toilet I wouldn't be ROFL!
I've got my pips - go get yours!
  • #19,068
  • Jun 9, 2011 5:08am Jun 9, 2011 5:08am
Quoting BackTestDummy


If you're in the toilet I wouldn't be ROFL!
Like a pig in shit... lol
  • #19,069
  • Jun 9, 2011 5:17am Jun 9, 2011 5:17am
Quoting bbakker
Like a pig in shit... lol
hah that's kinda gross lol.

anyway i think your right. EU will bounce up and down before trichet. i dont expect price to drop or rise fast.

were you in the long since yesterday bbaker? must be some great patience and guts to hold through the news eh.
  • #19,070
  • Jun 9, 2011 5:31am Jun 9, 2011 5:31am
hi all,

just sold usd/chf at 0.8392 for a 15p quick scalp.
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  • #19,071
  • Jun 9, 2011 5:57am Jun 9, 2011 5:57am
Quoting keikor
hi all,

just sold usd/chf at 0.8392 for a 15p quick scalp.
Why
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  • #19,072
  • Jun 9, 2011 6:13am Jun 9, 2011 6:13am
Quoting keikor
hah that's kinda gross lol.

anyway i think your right. EU will bounce up and down before trichet. i dont expect price to drop or rise fast.

were you in the long since yesterday bbaker? must be some great patience and guts to hold through the news eh.
Yeah... Go back through the recent posts from me on here and you will see! Like I said, taken 50% off the table this morning and put the rest to BE... so I'm completely stress free!
  • #19,073
  • Jun 9, 2011 6:19am Jun 9, 2011 6:19am
Quoting bbakker
Yeah... Go back through the recent posts from me on here and you will see! Like I said, taken 50% off the table this morning and put the rest to BE... so I'm completely stress free!

Another visit to the toilet ? Dont drink so much coffee at work
"The future is already written in the past"
  • #19,074
  • Jun 9, 2011 6:19am Jun 9, 2011 6:19am
Quoting adaseb
Why
because it's being rejected by the previous H1 supply. zoom out and you can see.

and that is why i said it's just a 15p scalp. 15p is nothing if you can manage your risk well. 10p here and there really adds up you know.
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  • #19,075
  • Jun 9, 2011 6:53am Jun 9, 2011 6:53am
got stopped -22


Quoting mangalesh
took this euro now
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #19,076
  • Jun 9, 2011 6:57am Jun 9, 2011 6:57am
now, that's what i call full dedication..

thanks bbakker for keeping our sanity in check

Quoting bbakker
Like a pig in shit... lol
  • #19,077
  • Jun 9, 2011 7:03am Jun 9, 2011 7:03am
Quoting Orbital
Yes its a decent trade, couple of traders here took positions on the euro in that zone. Target zones seem to be 1.4650ish but dont take my word on that, its just a place id be looking for an exit, if not earlier. Depends on your moneymanagement really and how heavy you are positioned.


@Enigma4x:

Yes head and shoulders has been there since the 6th of june on the 1hr for those who could spot it early, personally i didnt go short and im hoping for a larger break north. AUD/USD just flashcrashed on bad job data, but this is really what it looks...
Wow see that orbital(stops) thats a trade and all those guys who going against it
  • #19,078
  • Jun 9, 2011 7:09am Jun 9, 2011 7:09am
EU M30
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  • #19,079
  • Jun 9, 2011 7:21am Jun 9, 2011 7:21am
Quoting frankkn
EU M30
nice one. but the zone is getting tighter. i couldnt find any obvious support and demand zones.

i always believe that if you cannot see it, so do other traders.

as for me, i would skip EU for today and concentrate on other pairs. (although i only watch 4 pairs lol)
  • #19,080
  • Jun 9, 2011 7:37am Jun 9, 2011 7:37am
all I can say is

if I didn't know what day it was I would of assumed it was NFP.
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