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  • #488,021
  • Jul 13, 2011 4:40am Jul 13, 2011 4:40am
Quoting cloggie
Because you are chasing the price, let it come to you, we have been steadily going up all day (see my post from this morning, I even told you how much room there was left at the time and gave you a target to shoot for) anyone buying this anywhere from the open would have been in profit. An intraday trend is a trend until it is no longer a trend, a breather does not spell a reversal, get to know the difference before you do any more trading. See a few posts above here for suggestions.....
Hi Cloggie,

Can i ask how you get to gauge a reversal vs a breather? Is it a matter of seeing how price reacts to certain key levels?

I have short JPY positions from last night's funny business I'm looking to manage.
Anything can happen.
  • #488,022
  • Jul 13, 2011 4:40am Jul 13, 2011 4:40am
Quoting Larseg
can be an expensive trip,

just closed it 4100, a nice magnet trade...

4100 is guaranteed to give some confluence and margin out a few noobies in the process, letting it settle is a smart move unless you are comfortably in decent profits.
  • #488,023
  • Jul 13, 2011 4:41am Jul 13, 2011 4:41am
Quoting cloggie
Because you are chasing the price, let it come to you, we have been steadily going up all day (see my post from this morning, I even told you how much room there was left at the time and gave you a target to shoot for) anyone buying this anywhere from the open would have been in profit. An intraday trend is a trend until it is no longer a trend, a breather does not spell a reversal, get to know the difference before you do any more trading. See a few posts above here for suggestions.....
bit scared today after stop out 110 pip, almost recovered (-15 pip) . i missed your post ,time to read


thanks
Mohan
  • #488,024
  • Jul 13, 2011 4:41am Jul 13, 2011 4:41am
Quoting ddinnov
Is it a matter of seeing how price reacts to certain key levels?

.

That and price patterns, just seeing what the chart tells you really. Too many here are way to dependant on fancy indies to really see what the chart is telling them. This ain't rocketscience. Lots of if-then-if's
  • #488,025
  • Jul 13, 2011 4:42am Jul 13, 2011 4:42am
Quoting aizazk
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.
I posted that around 24 hours ago before that daily bar formed

Anyone wanna share their next few resistance levels? (and no i'm not talking about M1/M5 charts). I have some fib levels - 38.2% 1.41197 and 50% at 1.42075 areas + some resistance around 1.41642
Trends, breakouts, price action.
  • #488,026
  • Jul 13, 2011 4:43am Jul 13, 2011 4:43am
Quoting mohan76
bit scared today after stop out 110 pip, almost recovered (-15 pip) . i missed your post ,time to read


thanks

Nobody in their right mind is going to carry a trade 110 pips in the red, even daily chart traders would bail before then.
  • #488,027
  • Jul 13, 2011 4:43am Jul 13, 2011 4:43am
Finally a not too bad trade on e/u for me . I have 4118 as weekly pivot S1 (currently resistance), 4126 as historical s/r. Targeting 4120, at least.
  • #488,028
  • Jul 13, 2011 4:43am Jul 13, 2011 4:43am
Quoting aizazk
I posted that around 24 hours ago before that daily bar formed

Anyone wanna share their next few resistance levels? (and no i'm not talking about M1/M5 charts). I have some fib levels - 38.2% 1.41197 and 50% at 1.42075 areas + some resistance around 1.41642

58
  • #488,029
  • Jul 13, 2011 4:44am Jul 13, 2011 4:44am
Quoting cloggie
Nobody in their right mind is going to carry a trade 110 pips in the red, even daily chart traders would bail before then.
5 lot 10 pip x 2 ,
Mohan
  • #488,030
  • Jul 13, 2011 4:45am Jul 13, 2011 4:45am
Ah well kicking myself I closed all my buy stops cos I didn't like the PA a few minutes ago, Forgot my number one rule, don't make decisions based on the M1 chart.

Well I'm ahead and few trades is definitely better than a big losing trade. I see this going up at least to 1.428 but I'm going to sit out too tired to make rational decisions.
I operate with clear definite rules, if I break them I lose BIG!
  • #488,031
  • Jul 13, 2011 4:45am Jul 13, 2011 4:45am
Quoting cloggie
That and price patterns, just seeing what the chart tells you really. Too many here are way to dependant on fancy indies to really see what the chart is telling them. This ain't rocketscience.
Thanks - I totally agree on the indis.. I'm a J16er but only used to daily so just getitng my feet wet with intraday moves. It's just the same thing but quicker and with a few more fakeouts
Anything can happen.
  • #488,032
  • Jul 13, 2011 4:45am Jul 13, 2011 4:45am
Quoting mohan76
5 lot 10 pip x 2 ,

IT costs you 2-3 pips to get in a trade and 2-3 pips to get back out, WTF you doing trading 10 pippers?
  • #488,033
  • Jul 13, 2011 4:48am Jul 13, 2011 4:48am
Quoting cloggie
58
yeah, looks good, iv got a target around there thanks
Trends, breakouts, price action.
  • #488,034
  • Jul 13, 2011 4:49am Jul 13, 2011 4:49am
Quoting sintelion
Finally a not too bad trade on e/u for me . I have 4118 as weekly pivot S1 (currently resistance), 4126 as historical s/r. Targeting 4120, at least.
Trends, breakouts, price action.
  • #488,035
  • Jul 13, 2011 4:49am Jul 13, 2011 4:49am
its called Gambling Cloogie..

Here is the biggest WTF ever....

Possibility....

Who the F@@ would had thunk...
Attached Image (click to enlarge)
Click to Enlarge Name: F.ing... Amazing.png Size: 364 KB
Markets are not Random, they are designed!
  • #488,036
  • Jul 13, 2011 4:49am Jul 13, 2011 4:49am
Closed my long: +112 ticks to add in the basket. I am over half my monthly employee salary to date and very proud. Suffered no loss, just paid rollover fees for y overnite trades. Again not bragging, just happy to share my successDefinitely a big difference ince the past 2 years.

Reason of my close are
- we are getting closer to daily range and I can't monitor the trade so better keep my greens than leaving them turning into red ones.

- Also see MA25 on H4 coming closer (c.1.4139)nd have UTL at 1.412

Good luck to all
  • #488,037
  • Jul 13, 2011 4:50am Jul 13, 2011 4:50am
cloggie,

did you see my recent post?

Thanks again...i just adjusted with your last posts!

At least this tells me I'm getting closer.....
  • #488,038
  • Jul 13, 2011 4:51am Jul 13, 2011 4:51am
Quoting cloggie
IT costs you 2-3 pips to get in a trade and 2-3 pips to get back out, WTF you doing trading 10 pippers?
i know my sl is bit wide 7 + spread(3), tp 10,20 , i move move sl to +0.1 on tp 4 pip, i made mistake and try fix on wrong think with other double blow. learn the lesson , bit expensive
Mohan
  • #488,039
  • Jul 13, 2011 4:52am Jul 13, 2011 4:52am
Quoting Mdt48
my 6th post here and 4th trade analysis shared. As shared above my view of eu to first reach 1.3838 which reched with precision. Too bad i exited my last short on nfp day, as it was. My long limit from 1.3838 closed now for +150 pips for 15%. Done for the week unless i see another good setup.

shorted 3 lots at 1.4107. Altough as quoted that im done for the week unless i see a very good oppurtunity. This is it. I have left some room to add 3 more lots at 1.4146-52 if need be. Target aim for 60-100 pips.
  • #488,040
  • Jul 13, 2011 4:53am Jul 13, 2011 4:53am
Quoting cloggie
Nobody in their right mind is going to carry a trade 110 pips in the red, even daily chart traders would bail before then.
Unless they're hedging like me. I still have EURUSD longs from up to 1.5 open on one account.

All I do is place limits at key fib points and let the volatility make me money. I average a steady 10-20% a week and close all trades/orders every couple months to lock in profits and so my margin doesn't get hit. The main appeal to me is no SLs, you can't lose money only taking profit. At least not in my experience, anyways.
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