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My trading journey

  • #3,541
  • Jul 5, 2011 6:54pm Jul 5, 2011 6:54pm
Quoting dongsky
eyeballing the market...

a strong move down 5 hours ago... probably covering their shorts just before u.s. closes...

checking news releases for the day...

Attachment

......

and now it's coffee time!

Sorry...I think it was the news below...I was watching PA when the announcement came...I saw a knife cutting the Euro...

http://www.zerohedge.com/article/moo...tlook-negative
Empty as water and soft as a facing wind mountain
  • #3,542
  • Jul 5, 2011 7:00pm Jul 5, 2011 7:00pm
Also, I believe thatif the traders are covering their shorts...then that means that they are selling the Euro...so they want to cover themselves by exiting their position...then they would buying Euro...which says, that the market would go north, right?...this is exactly the opposite of this event.
Empty as water and soft as a facing wind mountain
  • #3,543
  • Jul 5, 2011 7:06pm Jul 5, 2011 7:06pm
Quoting luSan
Also, I believe thatif the traders are covering their shorts...then that means that they are selling the Euro...so they want to cover themselves by exiting their position...then they would buying Euro...which says, that the market would go north, right?...this is exactly the opposite of this event.

hehehe sorry my bad... wrong use of words...

forget what i have said...

thanks luis... and yes you're right... is should go north if my analysis is right... it should be... people buying dollar... my bad...

and thanks for your correction...

now i am having my coffee... i hope to see it clearly

regards...
Success consists of going from failure to failure without loss of enthusiam
  • #3,544
  • Jul 5, 2011 7:13pm Jul 5, 2011 7:13pm
Quoting luSan
Sorry...I think it was the news below...I was watching PA when the announcement came...I saw a knife cutting the Euro...

http://www.zerohedge.com/article/moo...tlook-negative
thanks... i see a clearer picture now...
Success consists of going from failure to failure without loss of enthusiam
  • #3,545
  • Jul 5, 2011 7:18pm Jul 5, 2011 7:18pm
need to feel...

sx2x4435 eu
Success consists of going from failure to failure without loss of enthusiam
  • #3,546
  • Jul 5, 2011 8:54pm Jul 5, 2011 8:54pm
another extended consolidation... i guess

i'll see in few minutes if OZ lunch break will make volatiliy swings...

just waiting for a momentum run...

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Success consists of going from failure to failure without loss of enthusiam
  • #3,547
  • Jul 5, 2011 11:01pm Jul 5, 2011 11:01pm
...

what it's gonna be???

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...

they managed to pushed it back to yesterday's level... might be another range day??? we'll see...
Success consists of going from failure to failure without loss of enthusiam
  • #3,548
  • Jul 6, 2011 12:27am Jul 6, 2011 12:27am
sx3x4450...

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Success consists of going from failure to failure without loss of enthusiam
  • #3,549
  • Jul 6, 2011 1:56am Jul 6, 2011 1:56am
been stuck here for quite awhile now

could this be a new run by the bears??? dunno!!!

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Success consists of going from failure to failure without loss of enthusiam
  • #3,550
  • Jul 6, 2011 2:08am Jul 6, 2011 2:08am
Indeed it appears to be - well traded

I only had one probe on and again failed to add any attacks as it never moved against me after putting the trade short at 1.4452. Easy to say in hindsight that it was of course safe to attack virtually anywhere on this drop. I wasn't feeling that at the time though, to borrow your phrase, at the time I was thinking the same as you - I dunno!

With kind regards,
MK
  • #3,551
  • Jul 6, 2011 2:15am Jul 6, 2011 2:15am
locking in pips... scaling down... 4408

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Success consists of going from failure to failure without loss of enthusiam
  • #3,552
  • Jul 6, 2011 2:17am Jul 6, 2011 2:17am
Quoting MidKnight
Indeed it appears to be - well traded

I only had one probe on and again failed to add any attacks as it never moved against me after putting the trade short at 1.4452. Easy to say in hindsight that it was of course safe to attack virtually anywhere on this drop. I wasn't feeling that at the time though, to borrow your phrase, at the time I was thinking the same as you - I dunno!

With kind regards,
MK
Success consists of going from failure to failure without loss of enthusiam
  • #3,553
  • Jul 6, 2011 2:29am Jul 6, 2011 2:29am
here's how i look the market...

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waiting now... for another good entry...
Success consists of going from failure to failure without loss of enthusiam
  • #3,554
  • Jul 6, 2011 2:31am Jul 6, 2011 2:31am
and a nice run...

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...but eyeballing as price starts to get jumpy when touching an hourly s/r level...
Success consists of going from failure to failure without loss of enthusiam
  • #3,555
  • Jul 6, 2011 2:36am Jul 6, 2011 2:36am
i dunno... maybe i'm wrong... but it's just me though...


i can feel some shorts cashing in now... while newbies are on panic selling... we'll see...
Success consists of going from failure to failure without loss of enthusiam
  • #3,556
  • Jul 6, 2011 2:42am Jul 6, 2011 2:42am
i'm convincing myself now... not to go against the trend... sometimes to difficult to convince even myself...

need to stop my greed... and arrogance...

i'll go and make a new fresh coffee... probably will help...


.... i should not go against a strong trend...



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Success consists of going from failure to failure without loss of enthusiam
  • #3,557
  • Jul 6, 2011 2:49am Jul 6, 2011 2:49am
Quoting dongsky
i'm convincing myself now... not to go against the trend... sometimes to difficult to convince even myself...

need to stop my greed... and arrogance...

i'll go and make a new fresh coffee... probably will help...


.... i should not go against a strong trend...



Attachment
remember the knife. good job.
  • #3,558
  • Jul 6, 2011 3:13am Jul 6, 2011 3:13am
Quoting piccolo
remember the knife. good job.
i will... thanks
Success consists of going from failure to failure without loss of enthusiam
  • #3,559
  • Jul 6, 2011 3:47am Jul 6, 2011 3:47am
squared now... 4368
Success consists of going from failure to failure without loss of enthusiam
  • #3,560
  • Jul 6, 2011 4:12am Jul 6, 2011 4:12am
sx2x4355 eu

need to feel...
Success consists of going from failure to failure without loss of enthusiam
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