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  • #470,501
  • Jun 23, 2011 7:22am Jun 23, 2011 7:22am
those two sentences there rerflect the most important change one needs to go through. i am aware of it. that's a first step. now i need that change.

caviar for thought. very well pointed.

(road to pipsville still looks without obstacles)

Quoting OldQuant
Human nature. You look at a long move on the chart, and if you weren't in it, for whatever reason, the bitter disappointment can only be made sweeter by the "I'll get it on the bounce."

Until that voice can be replaced by "damn, now I have to wait for the next bus," we'll try our best to chase this one until it turns.
dreams do come true.
  • #470,502
  • Jun 23, 2011 7:23am Jun 23, 2011 7:23am
Ok, here is my one and only lesson to all you newer traders who don't want to be gamblers.

You see that pretty little purple line on the chart? That is the 21ema, until you get a clean candle above that line on the 5m chart don't even think about going long. And with this momentum I personally wouldn't take it, but if you want to try you might stand a chance.

http://i52.tinypic.com/v3k7qp.gif
  • #470,503
  • Jun 23, 2011 7:26am Jun 23, 2011 7:26am
Quoting USD-Bear
looks like planning to break north.
Trying short @ 1.4375

Attachment
Closed short @ 1.4145 waiting for retrace
Don't be a hero. Don't have an ego. Always question yourself
  • #470,504
  • Jun 23, 2011 7:28am Jun 23, 2011 7:28am
Quoting USD-Bear
Closed short @ 1.4145 waiting for retrace

Nice Trade
  • #470,505
  • Jun 23, 2011 7:29am Jun 23, 2011 7:29am
if we break lower here, then i have 4125 next, then i got nothing till 4080...
  • #470,506
  • Jun 23, 2011 7:30am Jun 23, 2011 7:30am
buy @ 41433, SL@ 4130, TP @ 41885.

SL move to BE

Stopped.
  • #470,507
  • Jun 23, 2011 7:31am Jun 23, 2011 7:31am
Quoting OldQuant
Human nature. You look at a long move on the chart, and if you weren't in it, for whatever reason, the bitter disappointment can only be made sweeter by the "I'll get it on the bounce."

Until that voice can be replaced by "damn, now I have to wait for the next bus," we'll try our best to chase this one until it turns.
I guess you are right with Human Nature.

We all have missed the train an watch the market rocket for hours/days feeling like "fck I should be in that one" and I agree that we all have pay the price of chasing the market too late (is part of the learning curve) but still is surprising that some traders haven't even develop the most basic Pavlov's reflex of sitting in their hands and/or go for a walk when they see a falling knife ...

In any case, 1.418x level to watch for the close.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #470,508
  • Jun 23, 2011 7:31am Jun 23, 2011 7:31am
Quoting fontu
Pure fucking pa today , can't catch up anyway . just waiting see if actually breaks 4363 & 58 to play downside again & limit 4339 at risk .

fontu
How can you trade with that chart, seems very confusing. You NEVER need so much lines..........NEVER!
  • #470,509
  • Jun 23, 2011 7:32am Jun 23, 2011 7:32am
Quoting sisse
but if there is ONE thing that override TA and FA and thats COMMON SENSE
sisse


There is none on this thread, bar 2-3 posters, I gave up looking for it, instead I just keep laughing at all the muppets trying to countertrade and just take their money. Who really cares. This place is getting worse by the day.
  • #470,510
  • Jun 23, 2011 7:34am Jun 23, 2011 7:34am
looking at at 4119.. 4130
those who can, do. those who cant, talk about those who can
  • #470,511
  • Jun 23, 2011 7:34am Jun 23, 2011 7:34am
Quoting OldQuant
Human nature. You look at a long move on the chart, and if you weren't in it, for whatever reason, the bitter disappointment can only be made sweeter by the "I'll get it on the bounce."

Until that voice can be replaced by "damn, now I have to wait for the next bus," we'll try our best to chase this one until it turns.
There's so much talk about this issue, but it can always be argued both ways: by the time the traders figure out the trend it's already too late because everybody else already did. So either way, let's trade.
  • #470,512
  • Jun 23, 2011 7:35am Jun 23, 2011 7:35am
Quoting cloggie
There is none on this thread, bar 2-3 posters, I gave up looking for it, instead I just keep laughing at all the muppets trying to countertrade and just take their money. Who really cares.

AMEN......

Buy 'em books and all they do is chew on the covers..

If it wasn't for the entertainment value I turn up the volume on my alerts and go sit outside the window and watch the grass grow.

Making a killing on DXD today, Mommy will be VERY happy next time she peeks at her IRA
  • #470,513
  • Jun 23, 2011 7:36am Jun 23, 2011 7:36am
PTL, regarding that order. The way this is going, looks like it'll stay close to the top of the deck. Sure 10 is enough?

Seriously, I haven't had enough coffee to look at this chart in candles, but from the comments posted here, and from the Excel charts my software produces, nothing jumps out to say this is going to take a breather.
  • #470,514
  • Jun 23, 2011 7:36am Jun 23, 2011 7:36am
Am of again, just here to catch up on some PM's, not much worth reading and paying attention to on this thread.

The lunatics are running the asylum.
  • #470,515
  • Jun 23, 2011 7:37am Jun 23, 2011 7:37am
Congrats to all those who held their EU shorts. Lovely trappish move on the back of Sark/Merk jawboning.
  • #470,516
  • Jun 23, 2011 7:40am Jun 23, 2011 7:40am
Quoting Hawk2
Ok, here is my one and only lesson to all you newer traders who don't want to be gamblers.

You see that pretty little purple line on the chart? That is the 21ema, until you get a clean candle above that line on the 5m chart don't even think about going long. And with this momentum I personally wouldn't take it, but if you want to try you might stand a chance.

http://i52.tinypic.com/v3k7qp.gif

what abt e dotted line in purple?
  • #470,517
  • Jun 23, 2011 7:40am Jun 23, 2011 7:40am
Quoting bguguen
I am still very bear bias today.. here are my levels im watching today
1.4153
1.4122
1.4063
good luck folks, the last level may not happen today or i may close out on the position if it turns good luck to you all!
Hi folks, came back after economics exam it went well
forex also went well, my first level triggered, now looking forward to 1.4122 triggering as well today.. since its right below S3 for today...
1.4063 hmmm i dunno maybe tomorrow maybe never but i 1.4063 will have to see if it reaches if theres not enough juice ill close it before...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #470,518
  • Jun 23, 2011 7:42am Jun 23, 2011 7:42am
no worries about counter trends....its a small amount with a tight SL...not about picking bottoms....I will say that moving a SL with the trend is valid as well...

Quoting Hawk2
AMEN......

Buy 'em books and all they do is chew on the covers..

If it wasn't for the entertainment value I turn up the volume on my alerts and go sit outside the window and watch the grass grow.

Making a killing on DXD today, Mommy will be VERY happy next time she peeks at her IRA
  • #470,519
  • Jun 23, 2011 7:42am Jun 23, 2011 7:42am
Small triangle in both indices and EU...
  • #470,520
  • Jun 23, 2011 7:43am Jun 23, 2011 7:43am
Quoting carat
what abt e dotted line in purple?

That is a stop/reverse indicator I keep on there for looks, I don't trade off it.

And honestly after looking at the 5m, 15m charts right now I would personally have to wait for a candle above the 21 on the 15m Any break north on the 5m could easily be a head fake/breather.

Last hour of Europe trading I would expect a retrace unless everyone totally gives in.
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