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  • #492,661
  • Jul 18, 2011 6:22pm Jul 18, 2011 6:22pm
Quoting EdgarNg
Did u wait for the market to react before posting this? lol, seriously traders and their ego.

Well i lost this one, critical demand zone was a good buy, my mistake. it was Shorter time frame but it was a crit demand zone, that was the zone i initially wanted to long , my mistake. But overall already took many pips on the downside, market is actually picking up longs now.

I lost this one , not very confident also when i short it because of the crit demand zone.

SL touched.
I posted @ 106. This was not unexpected. That's why I said, decrease position before Tokyo open (when this wiuld not have happened, I surely had to decrease it because we would get deeper backtest then).

I'm sure you are a good trader, easily better than me ;-)

@Bold, tell me about it
  • #492,662
  • Jul 18, 2011 6:23pm Jul 18, 2011 6:23pm
Quoting Mitchoss
I'll see what happens at tokyo open, the euro crisis hasn't just _gone away_

and also this action early on isn't unusual, its what happens after the open that im waiting for.

Mitch
Aye, but you also must always be mindful of the US as well. An equally paired piece of crap.

The question is... which can fall faster.
  • #492,663
  • Jul 18, 2011 6:23pm Jul 18, 2011 6:23pm
Whatup Ally....
  • #492,664
  • Jul 18, 2011 6:24pm Jul 18, 2011 6:24pm
finally a break up of the trend line.
i was about to get sleep but now i will wait for the 1h close

i'm long already
So get ready!
  • #492,665
  • Jul 18, 2011 6:28pm Jul 18, 2011 6:28pm
Quoting gatorinla
lets c what we are working with .. the same levels in sequence from last night. the current high is the mid point of one of these sequenced levels (4136). the one below 4079... where will the h close?what side of 4106.6
stops above 44
those who can, do. those who cant, talk about those who can
  • #492,666
  • Jul 18, 2011 6:28pm Jul 18, 2011 6:28pm
Quoting Mr. Aldi
I posted @ 106. This was not unexpected. That's why I said, decrease position before Tokyo open (when this wiuld not have happened, I surely had to decrease it because we would get deeper backtest then).

I'm sure you are a good trader, easily better than me ;-)

ok nice catch, actually when i think about it, according to my system i suppose to long but would actually have Taken profit at this level.

When i short, i felt weak conviction. Good job this explains my weird feeling.

i simply took the critical demand zone around 1.40228 for granted. i thought it was weak .
  • #492,667
  • Jul 18, 2011 6:28pm Jul 18, 2011 6:28pm
or both could fall to **** and everyone flee's to PM's. thats my forecast in weeks to come.

If nobody is buying bonds except the governments, people will put there money in more secure assets IMHO

Mitch
  • #492,668
  • Jul 18, 2011 6:28pm Jul 18, 2011 6:28pm
Quoting EdgarNg
Well i lost this one, critical demand zone was a good buy, my mistake. it was Shorter time frame but it was a crit demand zone, that was the zone i initially wanted to long , my mistake. But overall already took many pips on the downside, market is actually picking up longs now.

I lost this one , not very confident also when i short it because of the crit demand zone.

SL touched.
Morning all... Good chart and analysis Edgar... Yesterday we were all quite confident we were heading south for the winter and 39xx was imminent, well so much for that...! grrr... was hoping to wake up with a bit of a bonus but alas no...

I saw that support (demand) region but didnt think it was quite strong enough to stop the train especially since wed made a pretty convincing break of the 50% of the upmove prior.

How far could she go? Maybe we'll see a reversal at the 50% of this upmove, coinciding aound R1/ S/r at 4156 or a bit below... upper TL breached also so who knows, may fly for a little longer... thoughts?
Attached Image (click to enlarge)
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  • #492,669
  • Jul 18, 2011 6:34pm Jul 18, 2011 6:34pm
Quoting Jay Walker
Aaaaaaaaaaaaaand I'm long at 4113

Aaaaaaaaaaaaaand critics are shutting the hell up!
Not all sins are created equal
  • #492,670
  • Jul 18, 2011 6:35pm Jul 18, 2011 6:35pm
Quoting Jazznos
Morning all... Good chart and analysis Edgar... Yesterday we were all quite confident we were heading south for the winter and 39xx was imminent, well so much for that...! grrr... was hoping to wake up with a bit of a bonus but alas no...

I saw that support (demand) region but didnt think it was quite strong enough to stop the train especially since wed made a pretty convincing break of the 50% of the upmove prior.

How far could she go? Maybe we'll see a reversal at the 50% of this upmove, coinciding aound R1/ S/r at 4156 or a bit below... upper...

According to my experience, a strong demand zone providing a lift would usually go quite far, at this position im flat, because i really really do not know where the price will head , it can go either way, I must let price unfold more and show me another signal before i can execute again.

However, i am only now looking for longs until the demand zone proves me wrong. 1.42 is one to watch also, I'm going to bed, good nightttt its morning though, hahaha. have fun people remember drink water, inhale and exercise!
  • #492,671
  • Jul 18, 2011 6:36pm Jul 18, 2011 6:36pm
Stops above...
http://www.forexfactory.com/news.php?do=news&id=304692
  • #492,672
  • Jul 18, 2011 6:38pm Jul 18, 2011 6:38pm
Quoting Jay Walker
Aaaaaaaaaaaaaand critics are shutting the hell up!

Attached Image (click to enlarge)
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  • #492,673
  • Jul 18, 2011 6:40pm Jul 18, 2011 6:40pm
Quoting cloggie
Tokyo in 20m...

What is Your TP?
RichieEU
  • #492,674
  • Jul 18, 2011 6:41pm Jul 18, 2011 6:41pm
Quoting cloggie
I assume youre referring to something you posted earlier, but would you care to elaborate??!
  • #492,675
  • Jul 18, 2011 6:42pm Jul 18, 2011 6:42pm
Tok Tok Tok Yo what you gonna do if that chart doesn't flow
You mofo?

Tok Tok Yo what you gonna do if the pips just don't grow
You mofo?
Not all sins are created equal
  • #492,676
  • Jul 18, 2011 6:44pm Jul 18, 2011 6:44pm
Quoting EdgarNg
ok nice catch, actually when i think about it, according to my system i suppose to long but would actually have Taken profit at this level.

When i short, i felt weak conviction. Good job this explains my weird feeling.

i simply took the critical demand zone around 1.40228 for granted. i thought it was weak .
It was a choppy down and we were relatively 'low', so it was logical to retrace the Asia down move. Tuesday previous week, the EU did not retrace the Asia down move, but EU was topping then (rsi divergence).

Anyways. I wait for sixties before retrace. New chances tomorrow again!
  • #492,677
  • Jul 18, 2011 6:45pm Jul 18, 2011 6:45pm
Quoting Jay Walker
Tok Tok Tok Yo what you gonna do if that chart doesn't flow
You mofo?

Tok Tok Yo what you gonna do if the pips just don't grow
You mofo?
Tokyo is 3th largest 'forex bank broker/market' so even if the volume is low, trend is clear to recognize.
RichieEU
  • #492,678
  • Jul 18, 2011 6:46pm Jul 18, 2011 6:46pm
Quoting RichieEU
Tokyo is 3th largest 'forex bank broker/market' so even if the volume is low, trend is clear to recognize.
Buddy, my wife is a proud Japanese. She's still celebrating yesterday's victory over the U.S. team by the way

I'm well aware of what Tokyo is
Not all sins are created equal
  • #492,679
  • Jul 18, 2011 6:47pm Jul 18, 2011 6:47pm
Quoting cloggie
Why no pyramid? Did not want to dig a grave?

(Pun intended )
  • #492,680
  • Jul 18, 2011 6:48pm Jul 18, 2011 6:48pm
Quoting Jay Walker
Buddy, my wife is a proud Japanese. She's still celebrating yesterday's victory over the U.S. team by the way

I'm well aware of what Tokyo is
Good one!

What are Your expectations?
RichieEU
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