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  • #475,261
  • Jun 29, 2011 3:17am Jun 29, 2011 3:17am
Quoting sintelion
So, the main question of the day is "shall we meet the 4265 BAMF again?". I believe PTL is still not done with that one
I think I'll stay flat until NY anyhow, nervous market.
lol, hate that level...but yes one to watch if we break, could open a can of worms...pretty far away...
Look Sharp/Trade Tight
  • #475,262
  • Jun 29, 2011 3:17am Jun 29, 2011 3:17am
Quoting PhAnTi'
union bank of switzerland? : p

off to the dentist.

catch ya ll later
Ahh ... yes good good ...

Na denn viel Vergnügen bei der Zunft der Bader, Barbiere, Friseure, Wundscher und Zahnreißer ...


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #475,263
  • Jun 29, 2011 3:18am Jun 29, 2011 3:18am
Quoting sisse
To figure that levels out yes, to trade the way Gator trade is whole different issue.

In my case, I am on the purist side of trading with the classical S/R that rules my trading. Sure having a reference of where price is or may take a breather, is always useful...like always is not in the tools but in how do you use them.

sisse
I'd wager to say that most on FF abuse their "tool" regularly... and don't know how to use it...
What we obtain too cheap, we esteem too lightly.
  • #475,264
  • Jun 29, 2011 3:19am Jun 29, 2011 3:19am
people keep telling that euro will default even george soros telling falling is coming soon. but realy this pair keep popping and popping up.... i am afraid on this as indicator and news do not correlate with the price now......just wait until maybe by tomorrow or friday what is the faith for this pair.....
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #475,265
  • Jun 29, 2011 3:22am Jun 29, 2011 3:22am
Quoting Dayboy001
EUR = +12
USOIL = +25
EUR = +12
GBP = -30
TOTAL = +19


Pending
EUR = 1.4402
GBP = 1.5980
USOIL = 93.40
Look at the PA and patterns at the levels...how price reacts..it will show/tell whether it is continuation/rejection. That is correct way to trade dustbins. By just setting pendings you are assuming in advance that price will continue. It may work when PA is trending but in the long run you will have a lot of unnecassary losses as well.

The patterns have a specific footprint , you have to be able to identify them and trade them when they form at the levels.
" Never let the past hold the future to ransom "
  • #475,266
  • Jun 29, 2011 3:22am Jun 29, 2011 3:22am
big big candles.. going up..going down..rolla coster yeahhh
  • #475,267
  • Jun 29, 2011 3:24am Jun 29, 2011 3:24am
Quoting Raza
Leaving the Mofus aside...

Since you know S/R and trade those...did you notice an untested resistence at 1.4603 on 4HR chart....

1.4385 was another level with got tested already.....

THE ONE ON THE DOWNSIDE IS SITTING AT 1.4207....
Yeap got the same both on daily chart so a few ticks difference (1.463x and the over-tested 1.418x).

In any case price sitting a few ticks below daily R before the vote. Major European indices trading higher. Austerity approved will trigger a rally in stock markets (banks more free money rally and some of the big names in Europe with the potential privatizations)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #475,268
  • Jun 29, 2011 3:24am Jun 29, 2011 3:24am
EUR Closed @ +11 (pending news GBP I know but still, 11 better than 0)
USOIL Closed @ +20 (also pending news)

39 + 11+ 20

Total 70

I am done for this morning.

Quoting Dayboy001
Sub total +19

Closed GBP +20

Total= + 39


Still open
EUR
USOIL
  • #475,269
  • Jun 29, 2011 3:26am Jun 29, 2011 3:26am
time for some eggs, bbl, gl, PTL...
Look Sharp/Trade Tight
  • #475,270
  • Jun 29, 2011 3:27am Jun 29, 2011 3:27am
Quoting ikdenk
Just this minute finished the first +12 dustbin trade on the 1 minute.

You're onto something there, just levels and pure price action INTO the old 5 minute candle.

BTW do you use the ATR graph or an indicator giving the value of ATR on the chart?
Sorry for the late replay.... 1M works fine ..same patterns form at the levels..use with 5M chart as confirmation

I use " ATR Pips " it sits in top corner of chart and prints a figure for ATR.

Edit: If you can`t find it , I will post it
" Never let the past hold the future to ransom "
  • #475,271
  • Jun 29, 2011 3:28am Jun 29, 2011 3:28am
nothing can stop the pair to reach 45x once the plan is approved by Greece. I am guessing it would be hopeless to expect a turn before 45 after the approval.
  • #475,272
  • Jun 29, 2011 3:29am Jun 29, 2011 3:29am
now..im getting scared looking at gu candle....if it reach 1.6060 in 1 hr im just gonna jump
  • #475,273
  • Jun 29, 2011 3:30am Jun 29, 2011 3:30am
Quoting Capn79
I'd wager to say that most on FF abuse their "toy" regularly... and don't know how to use it...
Eh, what?!

On some other forum we used to screw up quotes as a sole purpose ;-)
  • #475,274
  • Jun 29, 2011 3:30am Jun 29, 2011 3:30am
Quoting ttal
nothing can stop the pair to reach 45x
You haven't traded very long have you? If there's one thing I have found out a long time ago is that there's no sure thing in forex, hence I always use sl
  • #475,275
  • Jun 29, 2011 3:32am Jun 29, 2011 3:32am
cheers will do,

Are my levels similar / the same as yours today? I am always interested in improving my identification of the levels.

I would have taken the 1.6007 level again but am now flat due to news.

not that I doubt anyone, but especially for a newb like me, it would be easy to post play at the end of the day and say "I WON THEM ALL" all I would get would be stick. It is also a good crowd in here I hope to improve my knowledge, I might post a potential trade and someone more experienced might say " you are buying against a heavy resistance" or vice versa

Quoting Gleneagles
Look at the PA and patterns at the levels...how price reacts..it will show/tell whether it is continuation/rejection. That is correct way to trade dustbins. By just setting pendings you are assuming in advance that price will continue. It may work when PA is trending but in the long run you will have a lot of unnecassary losses as well.

The patterns have a specific footprint , you have to be able to identify them and trade them when they form at the levels.
  • #475,276
  • Jun 29, 2011 3:32am Jun 29, 2011 3:32am
Quoting ttal
nothing can stop the pair to reach 45x once the plan is approved by Greece. I am guessing it would be hopeless to expect a turn before 45 after the approval.
You are guessing, I am guessing the approval was already bought hence the move north, nobody can guarantee we wont see the opposite after the news.
Don't get mad, get even!
  • #475,277
  • Jun 29, 2011 3:35am Jun 29, 2011 3:35am
Quoting ttal
nothing can stop the pair to reach 45x once the plan is approved by Greece. I am guessing it would be hopeless to expect a turn before 45 after the approval.
all its need some say one we going to vote against , sure we will have 100 dive.
Mohan
  • #475,278
  • Jun 29, 2011 3:35am Jun 29, 2011 3:35am
Quoting Gleneagles
Sorry for the late replay.... 1M works fine ..same patterns form at the levels..use with 5M chart as confirmation

I use " ATR Pips " it sits in top corner of chart and prints a figure for ATR.

Edit: If you can`t find it , I will post it
I've been reading about your dustbin trades method for a while around here, what R:R do you use? I tried scalping with 1:2 (i.e. stop is bigger than TP), only problem is a few bad trades can take you out for the day, hence why you need to keep picking the higher probability trades. 1:1 or 2:1 allow for some mistakes.

Thanks for sharing
Trends, breakouts, price action.
  • #475,279
  • Jun 29, 2011 3:36am Jun 29, 2011 3:36am
Quoting spaizkadett
You haven't traded very long have you? If there's one thing I have found out a long time ago is that there's no sure thing in forex, hence I always use sl

The target for the break is 455 from what I see. you are right in a way that the is no guarantee about what will happen. I am talking about one of the options and I use sl too
  • #475,280
  • Jun 29, 2011 3:39am Jun 29, 2011 3:39am
Does anyone know the approximate time when the parliament will be casting the vote or making it public?
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