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  • #486,701
  • Jul 12, 2011 3:52am Jul 12, 2011 3:52am
Quoting thelws
i sleep 8 hours a day and work another 8 hours.

now someone tell me why russia is buying eu?
?^^
Hero calls followed by margin calls...
  • #486,702
  • Jul 12, 2011 3:53am Jul 12, 2011 3:53am
Quoting thelws
i sleep 8 hours a day and work another 8 hours.

now someone tell me why russia is buying eu?
too much vodka...
  • #486,703
  • Jul 12, 2011 3:56am Jul 12, 2011 3:56am
Quoting sisse
lol,

sisse

blue chart......I dont know, could it be a short term bottom, at least for a few hours, it was getting a little to easy to sell, bastards...
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 12 KB
Look Sharp/Trade Tight
  • #486,704
  • Jul 12, 2011 3:59am Jul 12, 2011 3:59am
demit whoever is buying that stopped the momentum. i was hoping it would go down further grr. then I'd make like 20% or something. zzz

got to wait again for it now zzz.
  • #486,705
  • Jul 12, 2011 3:59am Jul 12, 2011 3:59am
Someone's going for it with the longs.. My stop is still at 4050..:/
Anything can happen.
  • #486,706
  • Jul 12, 2011 4:00am Jul 12, 2011 4:00am
Quoting thelws
demit whoever is buying that stopped the momentum. i was hoping it would go down further grr. then I'd make like 20% or something. zzz

got to wait again for it now zzz.
Wait for NY
Anything can happen.
  • #486,707
  • Jul 12, 2011 4:01am Jul 12, 2011 4:01am
Quoting Larseg
why is everyone sleeping all the time, and why isnt anyone sleeping for 6-7 hours.. seriously you need the sleep!!
Haha yeh, I learnt my lesson a long time ago - I don't trade wisely on little sleep, I'm not sure many do.

Anyway, managed to lock in some good pips, going to sleep now. I wouldn't be surprised if the daily bar closed as a large pin bar around 200 EMA. The H4 already seems to have formed in one at least. Let's see if there's any follow through.

Good luck all!
Trends, breakouts, price action.
  • #486,708
  • Jul 12, 2011 4:02am Jul 12, 2011 4:02am
Quoting PayTheLimit
blue chart......I dont know, could it be a short term bottom, at least for a few hours, it was getting a little to easy to sell, bastards...
hit an important yearly level also....tough call..
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 19 KB
Look Sharp/Trade Tight
  • #486,709
  • Jul 12, 2011 4:03am Jul 12, 2011 4:03am
Quoting FX-Ray
long 3850
Run baby run
  • #486,710
  • Jul 12, 2011 4:05am Jul 12, 2011 4:05am
Quoting sisse
Well depends on your TF I guess. Short TF traders that avoid even glancing at longer TFs goes crazy when key levels and directional moves are in play because of the wide ranges intraday (they usually start calling extremes (2.0xxx or 0.8xxx) but if you are looking for a swing trade, missing the first 50 or 100 ticks of a 6 months trend is really nothing.

For example if a downtrend is confirmed now I can bet you that last break out point is probably going to be tested with daily again but not in a extreme panic move so you may load when the action...
I am analysing 1h/4h/1d charts, trading 1h, not aiming for smaller timeframes, and not calling tops/bottoms either. I'm usually waiting for a confirmed move and picking a proper entry TA based.

The thing is, since I am still a fairly "new" trader, I am trying to take the "safer" trades with confirmed direction and some decent r:r ratio, at least until I get better with "reading" the market and the FA. And selling a 500 pip no-retrace drop against a 3 month low just doesn't fit in that cathegory.

Judging those kind of moves takes much better understanding of the market than I currently have. It takes either an experience trader (like you, ptl, phanti, cloggie, gator, etc) or a "bet" trader that blindly follows someone else's analyses and/or indicator trigers to jump in. Thus - the ones that know what they are doing (and the ones that are lucky) get rich. The ones that don't - get broke fast.

I myself know the limits of my knowledge and I'm trying to stick to my simple rule - to not trade when not confident. No trade - no loss. So I'm sticking to analyses and trades that the experience traders put and trying to learn from them .
  • #486,711
  • Jul 12, 2011 4:08am Jul 12, 2011 4:08am
Quoting aizazk
Haha yeh, I learnt my lesson a long time ago - I don't trade wisely on little sleep, I'm not sure many do.

Anyway, managed to lock in some good pips, going to sleep now. I wouldn't be surprised if the daily bar closed as a large pin bar around 200 EMA. The H4 already seems to have formed in one at least. Let's see if there's any follow through.

Good luck all!

I think a retest of the extreme on H4 is likely given the momentum preceding.
We're all stories in the end. Just try to make it a good one.
  • #486,712
  • Jul 12, 2011 4:09am Jul 12, 2011 4:09am
Quoting sintelion
...I myself know the limits of my knowledge and I'm trying to stick to my simple rule - to not trade when not confident. No trade - no loss. So I'm sticking to analyses and trades that the experience traders put and trying to learn from them .
The fact that you know your limitations is a huge step forward towards success. Keep at it, you'll eventually learn to read the market better and be able to take these trades that are currently high risk to you.
Trends, breakouts, price action.
  • #486,713
  • Jul 12, 2011 4:09am Jul 12, 2011 4:09am
Quoting sintelion
I am analysing 1h/4h/1d charts, trading 1h, not aiming for smaller timeframes, and not calling tops/bottoms either. I'm usually waiting for a confirmed move and picking a proper entry TA based.

The thing is, since I am still a fairly "new" trader, I am trying to take the "safer" trades with confirmed direction and some decent r:r ratio, at least until I get better with "reading" the market and the FA. And selling a 500 pip no-retrace drop against a 3 month low just doesn't fit in that cathegory.

Judging those kind of moves takes much better...
Excellent Post

Risk averse markets are extremely tricky to trade because they move so quickly that greed and emotion often lead to bad choices for new traders. You are wise to sit it out and learn

Im up 4% today guys so Im calling it quits. I have a pending sell limit order on the UJ at 79.75... lookin for a long overdue retest of 76 on that biatch
  • #486,714
  • Jul 12, 2011 4:11am Jul 12, 2011 4:11am
Quoting Traderji
I think a retest of the extreme on H4 is likely given the momentum preceding.
It's possible - but I'm flat good luck if you're in a position.
Trends, breakouts, price action.
  • #486,715
  • Jul 12, 2011 4:12am Jul 12, 2011 4:12am
Quoting FX-Ray
Run baby run
Seriously dude, there was like a 0.00001% chance we would reach that according to the bell curve?
  • #486,716
  • Jul 12, 2011 4:14am Jul 12, 2011 4:14am
this study gave me nice pips in scalps n swings.
now i wait
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90% of traders use TA, indicators and prediction
  • #486,717
  • Jul 12, 2011 4:15am Jul 12, 2011 4:15am
More and more bears wake up
Bus drive down the hill kids get in ...
Next stop 1.3850
Once scalper always scalper
  • #486,718
  • Edited 4:27am Jul 12, 2011 4:15am | Edited 4:27am
Back again in the hit or miss trading session . bull breaks so many minor limit levels at last & now 3976 is the limit upside before confirmation 3986 . so ranges be increased . scalping short now though to takes ranges below that level if reach 3861 to long . going perhaps direct to the level , where it got the gas ?
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #486,719
  • Jul 12, 2011 4:16am Jul 12, 2011 4:16am
Looks like I might have got a bit lucky with this short on the NZD/JPY daily trade with the move that happened today.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #486,720
  • Jul 12, 2011 4:17am Jul 12, 2011 4:17am
support confirmed, holding long 3950, short squeeze baby
Attached Image (click to enlarge)
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