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  • #463,401
  • Jun 15, 2011 3:47pm Jun 15, 2011 3:47pm
I'm sorry I'm new and I have a question, what is stop-loss BE
  • #463,402
  • Jun 15, 2011 3:47pm Jun 15, 2011 3:47pm
Quoting sisse
Thnx mate but I don't see how are you getting to that level on h4.

In any case close enough to my daily Support so we'll see

sisse
wish i could explain better sisse ... i now label my levels with dates so i can go back and see where they came from. but basically i find or experience the major ones, put it on the H4 and you know history. i'll see it again and stay sharp around that level

working with fibs more is going to help me with explaining i believe
  • #463,403
  • Jun 15, 2011 3:47pm Jun 15, 2011 3:47pm
Quoting 10piptrade
PA is changing don't return into short until the PA say so again that't what the market what to gather seller at this time if the PA is changing. Be careful
I agree, Price Action is King.
Yay! Pips for everyone!
  • #463,404
  • Jun 15, 2011 3:48pm Jun 15, 2011 3:48pm
Quoting Larseg
Reckon your smiling now
Look Sharp/Trade Tight
  • #463,405
  • Jun 15, 2011 3:48pm Jun 15, 2011 3:48pm
Quoting 10piptrade
Good day Mr Gatorinia i never heard of that term before will try and google such a pattern although i don't trade pattterns
man don't trade that.. its was a 10 second chart.
those who can, do. those who cant, talk about those who can
  • #463,406
  • Jun 15, 2011 3:50pm Jun 15, 2011 3:50pm
Quoting ericevridge
holding strong. i'm not exactly confident on a solid fib retrace here, so i have coverage at 23.6.
Hi Ericevridge, how you doing today i got your Pm sorry ididn't get to respond yet.
Following the current trend
  • #463,407
  • Jun 15, 2011 3:50pm Jun 15, 2011 3:50pm
Quoting needpips
shorted at 1.4181...off the pennant....looking for 1.41 at least
Hi Needpips,

take a look at 1, 5 15 min TF and say, what probability a short would have here.

I tell you: low probability.

5 min loks not really bad, but you have the 1 and 15min against you
  • #463,408
  • Jun 15, 2011 3:52pm Jun 15, 2011 3:52pm
Quoting PayTheLimit

Hopefully a direction have now been set out June,

coffee time....
  • #463,409
  • Jun 15, 2011 3:52pm Jun 15, 2011 3:52pm
Quoting 10piptrade
Hi Ericevridge, how you doing today i got your Pm sorry ididn't get to respond yet.
doin' very well. just recovered from last night's debauchery. waiting and watching these levels. if it breaks 4184-86 area on h1 close, i should be sittin' pretty. how are you? good trades last night/today?
  • #463,410
  • Jun 15, 2011 3:53pm Jun 15, 2011 3:53pm
Hate to say it Gator......but I hope you are not correct on this LONG as I have a SHORT at 4188 and have been sitting on it as I had a TP at 4110.............was looking for one more leg down before a retrace if you look at my last post with fork analysis....

Goodluck to ya though....of course, I am the one who may need it...
  • #463,411
  • Jun 15, 2011 3:53pm Jun 15, 2011 3:53pm
Quoting gatorinla
man don't trade that.. its was a 10 second chart.
Look Sharp/Trade Tight
  • #463,412
  • Jun 15, 2011 3:53pm Jun 15, 2011 3:53pm
Quoting Gleneagles
the real benefit trading dustbins is when the market is ranging or consolidating, in a strong trend everyone can grab pips as long as they don`t ignore the trend or try to pick tops and/or bottoms against the trend

splitting you trade in smaller parts and using a trade management ea is one way of trying to latch onto a runner
i dont even bother trying to chase down the last pip in a trend, what i miss out on in pip count, i make up for in consistency and compounding

i bargain on a few bites out of the cherry, after all i don`t know how...
which is why i am testing this atm. got to get the trade management down. got a good ea for it just haven't used it cuz i want all of my 12 pips. not greedy but i barely make my daily target unless i do. BUT i sure am getting the consistent down so it's time to spread my wings ... bites at a time works for me.
  • #463,413
  • Jun 15, 2011 3:53pm Jun 15, 2011 3:53pm
Quoting AllyB
that's a nice chart hatch ... goes in my goodie folder
nearly anything for you.

here's something you can take a look at. kind of 3-in-1. think about it for a while considering mm, but you'll make it.

I didn't really look at the levels, just threw it together, but this should give you the idea how to stay in the dustbin-area, at the same time widen your approach for bigger profits in general.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 28 KB
Attached File(s)
File Type: tpl eur_usd_dustbin_chart.tpl   4 KB | 352 downloads
  • #463,414
  • Jun 15, 2011 3:54pm Jun 15, 2011 3:54pm
Quoting infinitus
Hi Needpips,

take a look at 1, 5 15 min TF and say, what probability a short would have here.

I tell you: low probability.

5 min loks not really bad, but you have the 1 and 15min against you
hi markus
im sure you must loving it --this eur short play ?

how many pips for 2day ? or from where ?

i only cacth half of it -

take care
gucci
  • #463,415
  • Jun 15, 2011 3:54pm Jun 15, 2011 3:54pm
I got a TIGHT SL....kinda throwing it c'ing if a minor 5th will evolve....based on the 5 min MACD, it looks like its want one more 60-70 pip leg lower....Im not sure, but thats Y the tight Stop.....

By the way...have u updated your blog? Im curious as to if u believe 1.49xx was a top?


Quoting infinitus
Hi Needpips,

take a look at 1, 5 15 min TF and say, what probability a short would have here.

I tell you: low probability.

5 min loks not really bad, but you have the 1 and 15min against you
  • #463,416
  • Jun 15, 2011 3:54pm Jun 15, 2011 3:54pm
Quoting Larseg
Hopefully a direction have now been set out June,
would be nice....
Look Sharp/Trade Tight
  • #463,417
  • Jun 15, 2011 3:56pm Jun 15, 2011 3:56pm
Here is my actual count on a 240min chart. For me this is a beauty of a wave 3 of a higher degree. Panic pure without much of a retracement.

See here:
Attached Image (click to enlarge)
Click to Enlarge Name: 06152011 2h evening main count bearish eurusd.jpg Size: 109 KB
  • #463,418
  • Jun 15, 2011 3:56pm Jun 15, 2011 3:56pm
Quoting infinitus
But my message is: no one really needs to know that stuff. It is already in your charts. Look for the S/R-zones. There are the stops located. Look at the fibs: the average trader places his orders around the fib marks.

There is so less to read most of the day (what could really trigger the market). Take this time to look hard in your charts.

Every day you have thousands of "fundamental" data. Try to figure out how they interfere and you are a genius. Only very few information really move the markets.

Was not meant to question fundamental...
I'm an easy to spot newbie and enjoy this forum immensely. Thanks to all for contributions large and small.

So if I understand it correctly, according to the weekly chart we could be at the EW "C" point?

My fundamental point of view agrees with this point being the starting point for the next EW-1 as I believe USD is a bigger mess than EUR - for now. While the US mess is greater in scope than the EU's, the US has a far more flexible structure for an eventual turn-around which could likely occur in 2 years.

My losses are still larger than my gains but my MM is tight so I can take it. In Danish it's called "lærepenge" (tuition). I have the bug and am of a somewhat obsessive nature so I'm in it for the long haul.

In 1954 J. F. C. Fuller published The Decisive Battles of the Western World. In it the chapter on Trafalgar includes a few choice quotes I find relevant to my personal battles each day:

"Nelson did not fight in order to carry out a plan, instead he planned in order to carry out a fight, and between the two there is a vast difference."

-and-

"The differences between the Secret Memorandum (his battle plan) and what occurred are those between idea in mind and idea in action. The tactical aim remained the same, but the means of attaining it varied according to the moment. No pedantry can explain this."
  • #463,419
  • Jun 15, 2011 3:56pm Jun 15, 2011 3:56pm
Quoting Mr Hatch
nearly anything for you.

here's something you can take a look at. kind of 3-in-1. think about it for a while considering mm, but you'll make it.

I didn't really look at the levels, just threw it together, but this should give you the idea how to stay in the dustbin-area, at the same time widen your approach for bigger profits in general.
downloaded ... got to take a break here so i can be either drunk or bright eyed for asia. this crown royal taste awfully good though
  • #463,420
  • Jun 15, 2011 3:57pm Jun 15, 2011 3:57pm
Quoting PayTheLimit
Are you using your left hand now?
" Never let the past hold the future to ransom "
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