Absolutley ..Tony and NAV..BUT 1.6000 is CONCRETE FLOOR..need a PNUMETIC HAMMER ( sorry for spelling )..
baz
USD Spot.png
this is looking good if it develops bear flag potential..lovely to see consolidation instead of retrace if it happens..lol
- #16,041
- Edited 5:08am Jul 6, 2011 4:52am | Edited 5:08am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
this is looking good if it develops bear flag potential..lovely to see consolidation instead of retrace if it happens..lol
- #16,042
- Jul 6, 2011 5:31am Jul 6, 2011 5:31am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #16,043
- Jul 6, 2011 5:39am Jul 6, 2011 5:39am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
been doing some scalp so far.. and it got good.
Scalped 6025-6010 and 6000
Yet again what i have to improve is... stick to my guns (even here).
Now a question for scalpers... it's ok to trade complexes patterns (triangles, H&S,wedges,flags), but how about the 2-3 candle patterns? should i just ignore that?
its all speculation u have to be able to trade the moment in the moment no lag....u see u execute..remember a chart is nothing but information, nobody especially the chart is against u..its just u acting on the information u see
i have a question for u? earlier u saw that euro may fall to yur targets and we are above them..why u never short..?
secondly what is causing u not to stick to plan, if u have this problem with swing trading i cannot see how scalping will not amplify the issue
im trying to raise questions to make u think about a solution so u can overcome it..i hope im not cheesing u off
if i am let me know i will stop bro.. I have a personality where i kinda speak my mind and realise at times im kinda to blunt
- #16,044
- Jul 6, 2011 5:52am Jul 6, 2011 5:52am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
its all speculation u have to be able to trade the moment in the moment no lag....u see u execute..remember a chart is nothing but information, nobody especially the chart is against u..its just u acting on the information u see
i have a question for u? earlier u saw that euro may fall to yur targets and we are above them..why u never short..?
secondly what is causing u not to stick to plan, if u have this problem with swing trading i cannot see how scalping will not amplify the issue
im trying to raise questions to make u think about a solution...
man... who told u i never short? I am just not telling what i do, just show my general view of things. Anyway i told yesterday i will just look for A+ trades, and if it means 3 days without trading, then so be it. I am not switching kind of trading... i am learning another kind of trading. Just want to be flexible. Look at Azim yesterday... he was short GU from 100 pips down.. and he covered that trade why scalping. Now, considering that i don't think i have so much of a problem with swing trading, i think by myself that to be flexible is the best way of trading. That means scalp and position. I know one side, and i want to know the other side. Not sure why it bothers u though.
Anyway... not sure why u keep pointing at the last bad month. I want to believe it's just for some helpful wish, but man... too much help, especially non required, can cause more damage than the damage itself. Now, i am used to learn from mistakes and move on, which means i will talk about today's and tomorrow's view, not about yesterday's.And that's my final word about it
I don't want a job, i want money!
- #16,045
- Edited 6:17am Jul 6, 2011 5:57am | Edited 6:17am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I am not switching kind of trading... i am learning another kind of trading. Just want to be flexible. Look at Azim yesterday... he was short GU from 100 pips down.. and he covered that trade why scalping. Now, considering that i don't think i have so much of a problem with swing trading, i think by myself that to be flexible is the...
point noted
good call ams
- #16,046
- Jul 6, 2011 6:18am Jul 6, 2011 6:18am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #16,047
- Jul 6, 2011 6:23am Jul 6, 2011 6:23am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
By the way the AU, I'd wait to see if this setup happens before I take the short, because the previous week close was pretty bullish. So patience required here imo.
Thank You 
- #16,048
- Jul 6, 2011 6:24am Jul 6, 2011 6:24am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cheers Nav,
yeah happy for myself
yeah happy for myself
point noted
good call ams
- #16,049
- Jul 6, 2011 6:27am Jul 6, 2011 6:27am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Cheers Nav,
yeah happy for myself
- #16,050
- Jul 6, 2011 6:29am Jul 6, 2011 6:29am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #16,051
- Jul 6, 2011 6:31am Jul 6, 2011 6:31am
- Joined Dec 2007 | Status: Trader | 1,964 Posts
this is looking good if it develops bear flag potential..lovely to see consolidation instead of retrace if it happens..lol
although we dont trade FUNDIES ...i was expecting a Rally or strength going into the RATE announcement on Thurday and than a DROP ( similar for Euro as well )...BUT at present we are near the Lows...so i will have to sit it out untill tommorow..and see what develops
take care
baz
- #16,052
- Jul 6, 2011 6:37am Jul 6, 2011 6:37am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hi Navin..
although we dont trade FUNDIES ...i was expecting a Rally or strength going into the RATE announcement on Thurday and than a DROP ( similar for Euro as well )...BUT at present we are near the Lows...so i will have to sit it out untill tommorow..and see what develops
take care
baz
- #16,053
- Jul 6, 2011 9:57am Jul 6, 2011 9:57am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #16,054
- Jul 6, 2011 10:11am Jul 6, 2011 10:11am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #16,055
- Jul 6, 2011 10:13am Jul 6, 2011 10:13am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #16,056
- Jul 6, 2011 10:22am Jul 6, 2011 10:22am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #16,057
- Jul 6, 2011 10:24am Jul 6, 2011 10:24am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
it's broken mate...we had 59 as the low so I expect it to be touched again soon if it breaks in LDN session (not asia or US) we know we are going lower. However, if it doesn't then we might range. BOE is defending this level!
Anyway.. we are looking at the same thing, good luck to us
I don't want a job, i want money!
- #16,058
- Jul 6, 2011 10:25am Jul 6, 2011 10:25am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #16,059
- Jul 6, 2011 10:31am Jul 6, 2011 10:31am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
now we are back above 5980 major supp.... unless we close below it I am not bearish...above 6080 bullish...so we are ranging....I am scalping longs and shorts both from these levels..
1 hourly close at 5976... that is the last stand. Though we touched it after 2 days we were above that line. Selling pressure getting stronger. Though u convinced me when u said u wanted a close 20-30 pips under important level before considering it broken.
Anyway.. we are looking at the same thing, good luck to us
