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  • #522,541
  • Aug 14, 2011 9:29pm Aug 14, 2011 9:29pm
Quoting mfoste1
how do you determine an 80% "chance of success"?

what i was thinking....
  • #522,542
  • Aug 14, 2011 9:29pm Aug 14, 2011 9:29pm
i have my own way of looking at it........if price consolidates at this area.....it spells trouble for the buyers.....
I have past history of statements to justify what i say.
  • #522,543
  • Aug 14, 2011 9:29pm Aug 14, 2011 9:29pm
Quoting hkkhanus
yup i have got 4368 as a strong supply zone.
if it goes there I will look for a signal and the probability is that I will be shorting it at that level
but if i do get another signal like this double top on H1 it might be worth jumping into it before
goodluck
hk
No double top in my chart )
  • #522,544
  • Aug 14, 2011 9:31pm Aug 14, 2011 9:31pm
Quoting KumoDragon
That's the not so well known candle formation, "batman with his left hand up holding his bathook," Which means he's about to swing down.

P.S. noobs it's just a joke.
lol I couldn't quite put anything to his left hand on what he was holding. I just thought he was holding up the metal horns!!
  • #522,545
  • Aug 14, 2011 9:31pm Aug 14, 2011 9:31pm
Quoting sofia101
No double top in my chart )
I think he might be referring to the 1.4400? If we hit that level this week it's going to be a party.

  • #522,546
  • Aug 14, 2011 9:32pm Aug 14, 2011 9:32pm
holding my shorts despite the current PA....i have faith in my trades
I have past history of statements to justify what i say.
  • #522,547
  • Aug 14, 2011 9:32pm Aug 14, 2011 9:32pm
Quoting eu_trader
i have my own way of looking at it........if price consolidates at this area.....it spells trouble for the buyers.....


Good Observations...
By the way Last chance to Short her... lolz With the SL of 1.4326
  • #522,548
  • Aug 14, 2011 9:32pm Aug 14, 2011 9:32pm
sorry i meant forming double top
got to wait for the hour close
Quoting sofia101
No double top in my chart )
  • #522,549
  • Aug 14, 2011 9:33pm Aug 14, 2011 9:33pm
The more time we spend here at 4305/18 the more shorts accumulate and their stops above. Too early to sell.
  • #522,550
  • Aug 14, 2011 9:33pm Aug 14, 2011 9:33pm
Quoting Smurf123
I think he might be referring to the 1.4400? If we hit that level this week it's going to be a party.

Yes maybe thats still pretty far why sell now?
  • #522,551
  • Aug 14, 2011 9:33pm Aug 14, 2011 9:33pm
Quoting mfoste1
how do you determine an 80% "chance of success"?
That's simple:

40+40 = 80 / 100 * 100 = 80 *.01 = 80%
The Thief of Wall Street
  • #522,552
  • Aug 14, 2011 9:34pm Aug 14, 2011 9:34pm
Quoting eu_trader
holding my shorts despite the current PA....i have faith in my trades
Not trying to derail what you got... you have to trade your own plan just as we do... but I might suggest a little less abrasive style of communication in the forum of just 'sell it now, it's going down'.

There is a very solid line of resistance forming at 13 but to me, this just looks like supply consumption.

Good luck with it either way... I'm flat atm. Waiting for a decision to be made first.

BTW: Trading is not about faith. I can believe, or will, or want price to do as much as I can possibly come up with... but it don't mean a darn thing when it comes down to it. The market is the decider of all things price.
  • #522,553
  • Aug 14, 2011 9:35pm Aug 14, 2011 9:35pm
lotta action on that last 15m bar, should give a direction
Attached Image (click to enlarge)
Click to Enlarge Name: eu15maug14.jpg Size: 167 KB
  • #522,554
  • Aug 14, 2011 9:35pm Aug 14, 2011 9:35pm
Quoting seagreen
The more time we spend here at 4305/18 the more shorts accumulate and their stops above. Too early to sell.
This is a classic result of a ascending triangle... and it looks like an ascending triangle (albeit small). Shorties need some reinforcements.
  • #522,555
  • Aug 14, 2011 9:37pm Aug 14, 2011 9:37pm
Quoting eu_trader
holding my shorts despite the current PA....i have faith in my trades
http://searchwarp.com/UserImages/163...-the-Grill.jpg
The Thief of Wall Street
  • #522,556
  • Aug 14, 2011 9:40pm Aug 14, 2011 9:40pm
Quoting Chicky
http://searchwarp.com/UserImages/163...-the-Grill.jpg

i like it when people post stupid comments.....thanks for feeding me.....haha
I have past history of statements to justify what i say.
  • #522,557
  • Aug 14, 2011 9:42pm Aug 14, 2011 9:42pm
Quoting eu_trader
i like it when people post stupid comments.....thanks for feeding me.....haha
I just looked at all your past comments on the forums. Pot calling the kettle black?
  • #522,558
  • Aug 14, 2011 9:46pm Aug 14, 2011 9:46pm
Quoting eu_trader
i have my own way of looking at it........if price consolidates at this area.....it spells trouble for the buyers.....

Be patient.I see nothing in THIS AREA that can stop or reverses price unless u are looking for 2-3 pips. At this rate ,you may end up nursing your trade for the next few hours
  • #522,559
  • Aug 14, 2011 9:47pm Aug 14, 2011 9:47pm
Ok I will go find something to watch on netflix see you all later good luck)
  • #522,560
  • Aug 14, 2011 9:48pm Aug 14, 2011 9:48pm
Quoting Myrza
Be patient.I see nothing in THIS AREA that can stop or reverses price unless u are looking for 2-3 pips. At this rate ,you may end up nursing your trade for the next few hours


i like it when people thinks opposite of me..........it just shows that my 80% have increased to 90%..........hahaha
I have past history of statements to justify what i say.
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