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  • #480,641
  • Jul 5, 2011 6:29pm Jul 5, 2011 6:29pm
Quoting Venice
Yep, at least it isn't consolidating in a 200 pip range.

I think, at least for me when I changed my (fixed levels) to a more dynamic approach by using my head also and not indicators alone; was were I went from BE to profitable....

So when we have as you said a 200 pip range (beginners) think they have been catching the trend only to loose their profit and reverse a position... I am not that guy anymore,

Can be a very daunting task, by reading this forum I get flashbacks of annoying trends,

I remember I had around 6500 usd in at EJ for almost a month and I were really starting to get greedy, lost almost 4000 when it reversed on me...

Never doing that again,

This have happen to me before though in the stock market, but there we have a opening gap which you cant control so its calculated in (we opened down 11% in 2008 when I thought we had reversed) holy sh!t that was annoying, just left the screen...

In Fx there is no excuses, you can exit at whatever price you want pretty much, which is relieving to know...
  • #480,642
  • Jul 5, 2011 6:31pm Jul 5, 2011 6:31pm
Quoting Chillypiper
Much more better! Thanks again. Didn't want to mess up yout weekend by pitchen a bitch after you where so kind to put that up!
Hahahahahaha...

Give me a kick in the arse anytime you need to...I often need it!

I just threw that one on my chart a couple of minutes ago, and was like...WTF is that hunk of shite? Don't remember even seeing it, actually. Burn it...step on it...trash it and recycle it!

Stay well, mate.
  • #480,643
  • Jul 5, 2011 6:33pm Jul 5, 2011 6:33pm
Quoting Venice
Hmm... Effen Vodka... not to shabby...

Imported from Holland :x


How did the Irish cocktail-o-rama BBQ work out, big V?
  • #480,644
  • Jul 5, 2011 6:38pm Jul 5, 2011 6:38pm
Quoting Larseg
I think, at least for me when I changed my (fixed levels) to a more dynamic approach by using my head also and not indicators alone; was were I went from BE to profitable....

So when we have as you said a 200 pip range (beginners) think they have been catching the trend only to loose their profit and reverse a position... I am not that guy anymore,

Can be a very daunting task, by reading this forum I get flashbacks of annoying trends,

I remember I had around 6500 usd in at EJ for almost a month and I were really starting to get greedy,...
Whether it be stops, manual or margin call... one way or the other.
  • #480,645
  • Jul 5, 2011 6:39pm Jul 5, 2011 6:39pm
Quoting kenfen69


How did the Irish cocktail-o-rama BBQ work out, big V?
Really good. Was hitting the volleyball games up hard!! Shooting off fireworks, and visiting some old friends I havn't seen in a few years. Can't ask for a better time!

lol, I actually stopped at the grocer before heading over and picked up some Smithwicks as well.
  • #480,646
  • Jul 5, 2011 6:47pm Jul 5, 2011 6:47pm
Quoting needpips
I took a whatever long down here at 442....I believe 4480xx will be ststed as well, but.....a test of the 436xx would provide a much stronger bounce IMHO....great trade and analysis by the way
Thanks, i was surprice you said you got stop out today when the week started you took a short at 1.4570 with tp at 1.4400 it was a good call, why you never kept it, no buying this close to the week MA for me until PA close above the 24 MA, just selling the rally
Following the current trend
  • #480,647
  • Jul 5, 2011 6:50pm Jul 5, 2011 6:50pm
Quoting Venice
Really good. Was hitting the volleyball games up hard!! Shooting off fireworks, and visiting some old friends I havn't seen in a few years. Can't ask for a better time!

lol, I actually stopped at the grocer before heading over and picked up some Smithwicks as well.
Great, my man...sounds like a ball!

Grabbed the Smithwicks and completed all the colors of the Irish rainbow...good man, yerself!

What's shakin...any plays at the mo?
  • #480,648
  • Jul 5, 2011 6:52pm Jul 5, 2011 6:52pm
Quoting 10piptrade
Athough the market current sentiment is bearish a break of 1.4458 would put 1.4486 into play and if broken then 1.4578 into play which will bring 1.4695 and if this break we will see 1.5077 and the bearish side if PA remind under 1.4458 then 1.4384 is reachable and then 1.4309, there remain more bearish target to be broken before 1.3693 come into play, will break it down as the weeks pass by and the days go by.Currently watch Pa to see next entry my edge go to the bulls side but not yet to enter the week MA need to be taken out to continue up currently...
agreed on 4460 area. eyeing on that too.
  • #480,649
  • Jul 5, 2011 6:55pm Jul 5, 2011 6:55pm
Hey pkim...how for art thou? Nice to see a little more of you of late!

Hope you lit it up on the weekend...the sky...the world...life!
  • #480,650
  • Jul 5, 2011 6:57pm Jul 5, 2011 6:57pm
Quoting kenfen69
Hey pkim...how for art thou? Nice to see a little more of you of late!

Hope you lit it up on the weekend...the sky...the world...life!
lol. thanks ken. not much time to trade with kids attached all over me.
market's kind of slow these days as well.
  • #480,651
  • Jul 5, 2011 6:58pm Jul 5, 2011 6:58pm
Quoting kenfen69
Great, my man...sounds like a ball!

Grabbed the Smithwicks and completed all the colors of the Irish rainbow...good man, yerself!

What's shakin...any plays at the mo?
Looking to load up sells tonight on cable and swissy...

Currently have ninja longs in play, and Aussie shorts.

Euro, even though I should have grabbed a short at the close last night, I failed to do it. Doji on the daily offered just a bit to much indecision for me, so I opted for the safer Aussie short I'll be on the sidelines with euro until the bulls come back to grab the next wave up.

Going to see what I can do with cable here... it's been a while since I have traded it, so kind of light on it. Hate how sporadic it is but it's a little beasty I would like to tame

I am due for another loss here on the daily chart... maybe cable will offer it up. lol
  • #480,652
  • Jul 5, 2011 7:01pm Jul 5, 2011 7:01pm
Quoting pkimnyc
yes it did, after it shot up about 40-50 pips or so.
waiting one more day to pass would have given you the same entry or better as to the friday's entry.
in any case, good trade.
Yes agree could have waited however as i did say i knew what to do it it went up too far,plus it didn't break 1.4578 which was critical for the upside.The market actually open higher,but i scalp buy and then sell at 1.4573, 50 pips above that trade of 1.4523 i actually close that trade for 50 pips too early and then hold this one for 100 pips. the practise is risky but what i was seeing on the chart showed clered pull back to 1.4458 so was willing hold but would not tell any and anybody to try it.Also this is not a routine practise but as i say i knew how to handle my trades, but good advice however,thanks nevertheless
Following the current trend
  • #480,653
  • Jul 5, 2011 7:04pm Jul 5, 2011 7:04pm
Yo I've been in a trade on the euro since last Tuesday. I'm up 300 pips and have my tp at where I believe the next major reversal of the euro is going to be at which is 1.47319. This will give me a total profit of 600ish pips. I am a 95% technical trader if you guys want my analysis I can whip something up for you. I'm just basically stating that I am very bullish on the euro mid to long term.
  • #480,654
  • Jul 5, 2011 7:04pm Jul 5, 2011 7:04pm
Quoting pkimnyc
lol. thanks ken. not much time to trade with kids attached all over me.
market's kind of slow these days as well.
A-ha...bundles of joy! Savor that, mate...I'd say those years will blow by!

Yeah...markets are strange these days. Tough to marry too much. Euro gets scooped up, then people say...wait a minute...this thing is a donkey...let's buy USD. Sure! Oh...wait a minute...cracks all over this fecker, too!

Ah well...still plenty of pips going, but requires a little more screen time. But, most summers do, really.

Stay well, my friend.
  • #480,655
  • Jul 5, 2011 7:06pm Jul 5, 2011 7:06pm
false break so far, tricky pa...

Inserted Video
  • #480,656
  • Jul 5, 2011 7:06pm Jul 5, 2011 7:06pm
Quoting 10piptrade
Yes agree could have waited however as i did say i knew what to do it it went up too far,plus it didn't break 1.4578 which was critical for the upside.The market actually open higher,but i scalp buy and then sell at 1.4573, 50 pips above that trade of 1.4523 i actually close that trade for 50 pips too early and then hold this one for 100 pips. the practise is risky but what i was seeing on the chart showed clered pull back to 1.4458 so was willing hold but would not tell any and anybody to try it.Also this is not a routine practise but as i say...
it was a good call. though everything on my chart was screaming out for shorts on friday, i personally didn't see an entry for shorts on that day. monday after ny session close there was a sell off, but had to skip that one out too. lol
finally got some of those short trades today, but i was kicking myself for not taking the initial entry on monday.... bumber....
  • #480,657
  • Jul 5, 2011 7:06pm Jul 5, 2011 7:06pm
Closed em a little early and then tried another around 4481...Im long till 1445...Im sure it will go to 1.447-8 though

Quoting 10piptrade
Thanks, i was surprice you said you got stop out today when the week started you took a short at 1.4570 with tp at 1.4400 it was a good call, why you never kept it, no buying this close to the week MA for me until PA close above the 24 MA, just selling the rally
  • #480,658
  • Jul 5, 2011 7:11pm Jul 5, 2011 7:11pm
Quoting gatorinla
4419 may now provide some resistance. but ill wait for 4435.6.....4436.3

4427 4434.. min
anyone caught that one? stops to be... i dont know if its the one but we should test 4409... stops at 4438.5 it may be protected
those who can, do. those who cant, talk about those who can
  • #480,659
  • Jul 5, 2011 7:13pm Jul 5, 2011 7:13pm
Quoting Venice
Looking to load up sells tonight on cable and swissy...

Currently have ninja longs in play, and Aussie shorts.

Euro, even though I should have grabbed a short at the close last night, I failed to do it. Doji on the daily offered just a bit to much indecision for me, so I opted for the safer Aussie short I'll be on the sidelines with euro until the bulls come back to grab the next wave up.

Going to see what I can do with cable here... it's been a while since I have traded it, so kind of light on it. Hate how sporadic it is but it's a little...
Hahahahahaha! ( Sorry...laugh was at your "due a loss" bit, but you ditched it!)

You've got lots cooking, mate! I like!

I added a small one to my long-term hold on the doji/trendline combo. Chump change, though really. Would like to creep a little higher before adding larger positions to my existing ones. I entered there just for a marker. Closed my LT account already, but I believe I'm net short at 1.4805...maybe 4815. Something close to 48 and ending with a 5.

You should have some nice greenies in the oven there!
  • #480,660
  • Jul 5, 2011 7:13pm Jul 5, 2011 7:13pm
Quoting gatorinla
anyone caught that one? stops to be... i dont know if its the one but we should test 4409... stops at 4438.5 it may be protected
4436 is the biggest line I have on my chart.
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