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  • #530,001
  • Edited 11:17pm Aug 23, 2011 11:06pm | Edited 11:17pm
Quoting mohan76
Larseg,
yea asx loosing ground that's the main reason i am holding my entry , do you have any reliable feed for asx 200 ?

hi mohan and larseg

newbie q.....
asx? some index.. to show u markets mood?
any spilled beans are appreciated
thx
cheers

i reread yr posts,,probably DAX index?
making money in JimB2468 trading room
  • #530,002
  • Aug 23, 2011 11:07pm Aug 23, 2011 11:07pm
Anyone can explain what is this?

http://www.fxstreet.com/news/forex-n...0-dc9175ad396e
  • #530,003
  • Aug 23, 2011 11:09pm Aug 23, 2011 11:09pm
Quoting KiwiTrada
yes, been a tough week, been trying to build positions only, no scalping, lots of stopped BE but reasonably happy with positions built, but not overly confident, world just in such a mess, ladies all over the place, very much coin toss at times, possible violent moves, pa opposite to news, f*&^*&^ crazy, not good for low stress trading, s&rlevels have been ok,just taking it slow and steady for now happy pipping bro
Last week was fool by the market..
but built nice position yesterday...4495
pretty happy with my position...

~nice... Green pips!
Patience, Emotion Control and Discipline.
  • #530,004
  • Aug 23, 2011 11:14pm Aug 23, 2011 11:14pm
Quoting mohan76
Larseg,
yea asx loosing ground that's the main reason i am holding my entry , do you have any reliable feed for asx 200 ?
i use my broker but for free you can use this one
http://www.forexpf.ru/_quote_show_/java/

as the index is free and live you can also use SMH.com.au/business
Attached Image
  • #530,005
  • Aug 23, 2011 11:14pm Aug 23, 2011 11:14pm
Looks like reversal and confirmation on 30 min candles A/U 15m new high...Closed those shorts ......I be long !
  • #530,006
  • Aug 23, 2011 11:19pm Aug 23, 2011 11:19pm
Quoting Larseg
i use my broker but for free you can use this one
http://www.forexpf.ru/_quote_show_/java/

as the index is free and live you can also use SMH.com.au/business
I'll save that also if you don't mind... Thank you Sir!
  • #530,007
  • Aug 23, 2011 11:19pm Aug 23, 2011 11:19pm
Quoting Larseg
i use my broker but for free you can use this one
http://www.forexpf.ru/_quote_show_/java/

as the index is free and live you can also use SMH.com.au/business
thanks , my broker feed always ~20 unit
Mohan
  • #530,008
  • Aug 23, 2011 11:27pm Aug 23, 2011 11:27pm
Any thing wrong with this pic..Buy order from yesterday...som beach!
Attached Image (click to enlarge)
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  • #530,009
  • Aug 23, 2011 11:29pm Aug 23, 2011 11:29pm
Quoting johncen
Last week was fool by the market..
but built nice position yesterday...4495
pretty happy with my position...

~nice... Green pips!
Nice entry I not so good, 4486 4474 still pretty happy, have reload 1 at 4440, last rally, watching bounce now, if trigger will load this rally, but now will wait for bloody 4387 fence break

If this rocket, I reassess is no hurry, dont watch asx have enough watch already, not interested, some swear by it, not me,
If you are new to Forex? Say Goodbye to your account!!
  • #530,010
  • Aug 23, 2011 11:36pm Aug 23, 2011 11:36pm
Quoting slick 60
V
I know exactly how you feel. Trying to learn this forex business and the old standard of cut your losses short and let your profits run just did not work for me. Running 3 demo accounts doing this all started sucking big time (2 that is). I treated that funny money like my own. If anyone other than my wife had seen how guarded I was with this virtual money they would of had me committed. I used not nice language in loud tones and, and , and...... MY WIFE said "Why not take the profits when you are up?" I spend my life right now in front of the...

Just wondering if you have FIBed these ABCD' out? next are you using an auto trendline and manual trend lines? Last are Do you have a RSI on your 120 , 240 or daily charts to get the overall trends.
  • #530,011
  • Aug 23, 2011 11:39pm Aug 23, 2011 11:39pm
Quoting Chillypiper
Any thing wrong with this pic..Buy order from yesterday...som beach!
yeah, you going against the trend, first then,and only if you had stayed up from 0330 to about 0600 you would have gotten a 140 pip rally long then a reversal.
  • #530,012
  • Aug 23, 2011 11:39pm Aug 23, 2011 11:39pm
I talked about what drives the market yesterday, this is a typical situation

The main trend is down....
we have a pullback for 2 reasons---
profit taking & SL squeeze by late players...

(rookies or highly disciplined pros catching reversal) difference between these two are the Pro would take his loss without a blink...

So should we continue up or down?
were is the majority? looking at the S/R lines...

tip: there is not long before the banks open in the euro zone...
  • #530,013
  • Aug 23, 2011 11:50pm Aug 23, 2011 11:50pm
Yes the overall trend is lower. If you could take the short term trades, and set it up so you would put in a long trade with some big Stops. Then go for the day trading for the quick 40 to 70 pips here and there. Good for you, I have been in this trade since Monday morning at 0500. Still in and today I will limit out on the trade.
  • #530,014
  • Aug 23, 2011 11:51pm Aug 23, 2011 11:51pm
Quoting KiwiTrada
Nice entry I not so good, 4486 4474 still pretty happy, have reload 1 at 4440, last rally, watching bounce now, if trigger will load this rally, but now will wait for bloody 4387 fence break

If this rocket, I reassess is no hurry, dont watch asx have enough watch already, not interested, some swear by it, not me,
already partial bank and sl @ BE...
probably around 4450 for this bounce??~
It will be very weird if it break 4500 now...my whole plan will have to change...Like fatpanda said...I want it to be lower...4150 seems nice..but my ultimate target around 1.4
Patience, Emotion Control and Discipline.
  • #530,015
  • Aug 24, 2011 12:10am Aug 24, 2011 12:10am
Quoting johncen
already partial bank and sl @ BE...
probably around 4450 for this bounce??~
It will be very weird if it break 4500 now...my whole plan will have to change...Like fatpanda said...I want it to be lower...4150 seems nice..but my ultimate target around 1.4
Yes bro PB & BE are your friends, treat then nicely, use them often.

Love your target i got fences
1st 4387
2nd 4370
3rd 4351
4th 4323
5th 4273
6th 4150
7th 4110
of course each fence strength vary depend if other girls approach s or r etc
350 odd pips will be nice, just need Euro to self destruct faster than USA is a race to sewer

Always expect the unexpected bro, nothing written in stone
If you are new to Forex? Say Goodbye to your account!!
  • #530,016
  • Aug 24, 2011 12:12am Aug 24, 2011 12:12am
carefully
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  • #530,017
  • Aug 24, 2011 12:12am Aug 24, 2011 12:12am
Quoting rfurtado
yeah, you going against the trend, first then,and only if you had stayed up from 0330 to about 0600 you would have gotten a 140 pip rally long then a reversal.
Trend.. Where in a daily Triangle. And surely not playing the Monthly now dude
  • #530,018
  • Edited 12:28am Aug 24, 2011 12:15am | Edited 12:28am
Morning , so pa ok as per , next 4341 easy test expecting & consequences thereafter if bounce try so earlier.4370 also most shortcut level bounce though.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu42.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #530,019
  • Aug 24, 2011 12:20am Aug 24, 2011 12:20am
Quoting fontu
Morning , so pa ok as per , next 4341 easy test expecting & consequences thereafter if bounce try so earlier.
fontu
Morning.. She's almost poetic..
  • #530,020
  • Aug 24, 2011 12:21am Aug 24, 2011 12:21am
Quoting AlbertR
carefully
blood on dance floor
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