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  • #470,401
  • Jun 23, 2011 7:54am Jun 23, 2011 7:54am
look at the daily chart...
what a big fall...
Patience, Emotion Control and Discipline.
  • #470,402
  • Jun 23, 2011 7:55am Jun 23, 2011 7:55am
Quoting FishHead
Damn, the euro is in pretty bad shape. EURCHF keeps digging new all-time lows.
Well, sure Euro is in the same debt problems like the last year but have a look at what is going on in the markets (still NY needs to open). Markets are not reacting very well to FED yesterday and they may send a very strong signal (riskwise) to BB for not openly mentioning QE3 (IMO they will do some QE3 or related next FED meeting).

US first employment numbers keep trending down and Europe "strong" macroeconomic numbers are starting to stall too. Weekly close to watch in the markets, we may have a few volatile weeks if investors pull the trigger and start dumping below support in the stock market.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #470,403
  • Jun 23, 2011 7:55am Jun 23, 2011 7:55am
Quoting sisse
Well done infinitus.... that was nice, smooth and quick. closing 2nd third at 1.418x in daily support and trailing the rest to happy level for the weekly play.

Easy part of the move gone now. Crumbs left intraday in my books and needs daily clean break of daily support 1.418x to open 1.410x for the end of the week. Below that there is a lot of air till under 1.40xx but that is miles from reality yet...

sisse
Hi Sisse,

have to thank you especially, because you made me look again at higher TF's. Had I not analyzed 3h and 4h TF again, I probably would have the wrong perception.

Short since 4426 and counting LOL Good day.

I have now even with Dukaskopy (they have a really deep liquidity pool) now gaps in the 1min chart. Might be a typical sign of point of reckognition, the midle part of the 3 of a 3. Momentum very huge. Even on 1 and 2 min TF.

20sec momentum now slowing, maybe only reloding.

Monitor closely, take some off the table @ 4160
  • #470,404
  • Jun 23, 2011 7:56am Jun 23, 2011 7:56am
+60 on this one so far. Now the big question is, to keep riding or to sneak out

I guess I'll wait at least for 4130 to come into play.

edit: also tnx to sisse for pointing out some factors that I didn't have in mind. I could have missed the entry @ 4220 without those tips
  • #470,405
  • Jun 23, 2011 7:56am Jun 23, 2011 7:56am
everybody watch out for 4150, it's the dead middle of the 4440/3870 cluster
  • #470,406
  • Jun 23, 2011 7:58am Jun 23, 2011 7:58am
Quoting Stretch
Indeed great respect, like Phanti said!

But I am curious, that trade in the middle, could go further without much retracement. Do you sometimes work with taking half of your position and let it roll?
I had 3 x 10/12 today, but I was playing with taking half position off at 12, breakeven to 10 and than let the rest roll with a TP of 16-20 (depending on distance to next line).
Will keep on trying to find good entry's for your dustbin strategy and keep playing with taking half off and letting it roll when possible

Thx
Sure..it may work , i only want a slice of the bread..not the bakery

The market does not trend every day, you have to decide whether you want to be a prostitute or a pimp ...prostitute =12 ..pimp > 12 take your pick
" Never let the past hold the future to ransom "
  • #470,407
  • Jun 23, 2011 7:58am Jun 23, 2011 7:58am
Quoting sintelion
+60 on this one so far. Now the big question is, to keep riding or to sneak out

I guess I'll wait at least for 4130 to come into play.
More than likely to be on the volatile side.

I would not let that 60 slip away!
  • #470,408
  • Jun 23, 2011 7:58am Jun 23, 2011 7:58am
Looks like all the 'failed noobie (wannabee) traders' who picked the tops yesterday just got lucky. Tut Tut !

It won't happen again ya know, so u better mend your ways, u hear ?
  • #470,409
  • Jun 23, 2011 7:58am Jun 23, 2011 7:58am
Quoting infinitus
Hi Sisse,

have to thank you especially, because you made me look again at higher TF's. Had I not analyzed 3h and 4h TF again, I probably would have the wrong perception.

Short since 4426 and counting LOL Good day.

I have now even with Dukaskopy (they have a really deep liquidity pool) now gaps in the 1min chart. Might be a typical sign of point of reckognition, the midle part of the 3 of a 3. Momentum very huge. Even on 1 and 2 min TF.

20sec momentum now slowing, maybe only reloding.

Monitor closely, take some off the table @ 4160
Your welcome mate. 1.416x sounds more than healthy for partials. Enjoy and well done.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #470,410
  • Jun 23, 2011 7:58am Jun 23, 2011 7:58am
QE3?

They can do QE27 if they want. Until they stop spending money we don't have nothing is going to change.

And if they don't stop messing with the markets I will revise my Dow 9500 back to 7000 again.
  • #470,411
  • Jun 23, 2011 7:59am Jun 23, 2011 7:59am
Quoting PhAnTi'
first of all you need to ask yoursef why u entered at the very certain point andf bought it instead of selling it.
Then u need to think about using stops.... etc.

very basics..
Very, very, very basic. My short from yesteryesterday was very bad as well but it turned out to be good as bullish momentum was not strong anymore.

Need to plan the trades better...

But enough about what if etc. Better take a rest now for a bit... Still money in the account to do good trades :-/
  • #470,412
  • Jun 23, 2011 8:00am Jun 23, 2011 8:00am
Quoting infinitus
A few hours ago I worried that you went to bed with that target. At that point EW wise it was 50:50.

You saw that without EW :-)

Hmmmmmm......
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It closed below 4316 at that time(see chart, taken a little earlier). The next line on my chart was 38. It usually respects my levels. These levels are derived from binned counts... I take the last significant stretch of several hundred pips, count all the ohlc of the 10 seconds candles all the way back to 2003 (couldn't get more data from this feed), and then take the middle of the first 10 or so most significant bins. Those are the lines you see(red dotted). The lime ones are just for the 4067/4440 stretch.
  • #470,413
  • Jun 23, 2011 8:00am Jun 23, 2011 8:00am
Quoting Astroman
More than likely to be on the volatile side.

I would not let that 60 slip away!
I have already closed half of the trade and locked ~20 pips to assure that I'm on the green. Mostly trying to tune my strategy (especially the money management part) atm
  • #470,414
  • Jun 23, 2011 8:01am Jun 23, 2011 8:01am
...i featured in true 'muppet' style all morning...and made 'iggy' status for not listening to Archie...at that 50 fib...generally passing off the entire e/u...

sorta eased the bruises with e/g and a few more...still have a bad taste in my mouth tho...cant seem to enjoy the pips...but hey...kudos to gator and the fib man...ptl too...and all the bears like kiwi y'all had this girl in your room all day...kudos!!
Guard your pips jelously
  • #470,415
  • Jun 23, 2011 8:04am Jun 23, 2011 8:04am
this one's for OQ


work 3900 on 10, 10 ticks DRT OCO 4500 XCO GTC.....


bbl, PTL
Look Sharp/Trade Tight
  • #470,416
  • Jun 23, 2011 8:05am Jun 23, 2011 8:05am
Don't you think this would be a funny combination to 1.41 ?!?
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  • #470,417
  • Jun 23, 2011 8:06am Jun 23, 2011 8:06am
5 x 12

1 x 1
  • #470,418
  • Jun 23, 2011 8:06am Jun 23, 2011 8:06am
Quoting Gleneagles
Sure..it may work , i only want a slice of the bread..not the bakery

The market does not trend every day, you have to decide whether you want to be a prostitute or a pimp ...prostitute =12 ..pimp > 12 take your pick
Hahaha I like the metaphor! But thanks, good thing to think about!
  • #470,419
  • Jun 23, 2011 8:06am Jun 23, 2011 8:06am
Anyone heard of the Dodd Frank act where they would be illegalising gold/silver trading over the counter in US in 15th July?
  • #470,420
  • Jun 23, 2011 8:07am Jun 23, 2011 8:07am
I'd like to to see at least a sign of a retracement soon, for I hate them being delayed.
Hopefully, Chicky was able to monitor his trades.

Oh, and please ignore the yellow and khaki numbers.
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