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  • #539,061
  • Sep 15, 2011 10:04pm Sep 15, 2011 10:04pm
I think EU might make a nice wegde, or rectangle and continue downtrend.
Have I got something on my face, SOLDIER?
  • #539,062
  • Sep 15, 2011 10:05pm Sep 15, 2011 10:05pm
Quoting silas66
A very boring market.....Pa never look to go down...or up...
Lol EU is in process of come back for retest of breach of ascend channel 1hr is time to be patient bro, nearly 5 trillion traded forex everyday, pa not move not mean everyone on tea break, pa will move once we have imbalance of order flow, blabber mouth bullshit politician is speak, intervention, downgrade etc etc


be patient trade safe
If you are new to Forex? Say Goodbye to your account!!
  • #539,063
  • Sep 15, 2011 10:07pm Sep 15, 2011 10:07pm
So calm--seems storm ahead
  • #539,064
  • Sep 15, 2011 10:08pm Sep 15, 2011 10:08pm
today range upside
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  • #539,065
  • Sep 15, 2011 10:09pm Sep 15, 2011 10:09pm
Quoting bumapatria
I think EU might make a nice wegde, or rectangle and continue downtrend.
I don't wanna seem like a total dick here, but really, this statement is garbage.

If I remember correctly, you have had your ass handed to you this week on what you thought would happen, right?

Now, given the fact that you haven't actually posted a chart, there really is nothing saying that the DT won't continue, but there hasn't been a sell off day since weekly open, so, why would that start now?

A wedge and rectangle can be viewed on ANY time frame and at just about every session of the market, so, looking for something and steering your bias into, will leave you with the same outcome as the beginning of this week.

Guessing tops and bottoms ain't the thing you should be trying my friend. It's a tuff game that will lose you every account you open and fund. So, if you wanna crack at an analysis, pull a chart out instead of dropping a couple of "TRADER TALK", terms that you read in some worthless book, and maybe somebody can help you along to complete your though process.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #539,066
  • Sep 15, 2011 10:11pm Sep 15, 2011 10:11pm
Quoting Magix
Yesterday, there was a 233 from bottom to top play...

Hit with sellers?

Or hit with a little profit taking...

It would seem to me, that if one were to look back throughout the entire week, TK session started everyday with the sells and ran into London with the bulls...

Today is different how?
we both know it doesn't go like that, a bearish session in tokyo in no way indicate a bullish one in london so yea the past few days were just a coincidence,

now am not saying we're gonna break the lows, im just saying we're up to a downward movement, maybe just a small retracement untill the selling disappears from the market or demand appears again, fundamentally speaking, euro has much room to the downside, in fact in looking to short the hell out of it somewhere between 1.40 and 1.415, i'll be adding small short positions with stops around 1.435

p.s, I never exceed my 2% risk limit!
I recommend you read something else as this sentence is now concluded.
  • #539,067
  • Sep 15, 2011 10:31pm Sep 15, 2011 10:31pm
we are still in the channel...
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Patience, Emotion Control and Discipline.
  • #539,068
  • Sep 15, 2011 10:47pm Sep 15, 2011 10:47pm
Quoting Magix
Now, just who the fuck vouched for you?

It was no coincidence? Dude, do you read charts or just talk shit all the time?

Have a look at the individual sessions, we have sold off to TK highs after london creates a new top every day this week.

Secondly, your first post opened was talking that we are heading into bear territory and you follow up with this post saying that you are looking to sell 200 pips above weekly tops?

Are you buying or selling?

Or, do you even know?

As you are carrying a few vouches with you, I would think that...
Quoting Obaidah
we both know it doesn't go like that, a bearish session in tokyo in no way indicate a bullish one in london so yea the past few days were just a coincidence,

now am not saying we're gonna break the lows, im just saying we're up to a downward movement, maybe just a small retracement untill the selling disappears from the market or demand appears again, fundamentally speaking, euro has much room to the downside, in fact in looking to short the hell out of it somewhere between 1.40 and 1.415, i'll be adding small short positions with...
I'm not buying, and I'm not selling either, I'll just wait till we reach 1.4 to short this thing

u know, this might be too complicated for you to understand so imma narrow it down for you, BUYING IS DANGEROUS!!!

and oh by the way, about the Tokyo session myth you might wanna enrich you trading knowledge, i recommend you read this article http://articles.mql4.com/894
I recommend you read something else as this sentence is now concluded.
  • #539,069
  • Sep 15, 2011 10:51pm Sep 15, 2011 10:51pm
Dollar being injected into European banks.
Just think about it: after 3 months if they start selling injected dollars to collect euro?
You cannot learn better without losing
  • #539,070
  • Sep 15, 2011 10:52pm Sep 15, 2011 10:52pm
I will feel comfort to go up with this EU from 1h channel found at 1.3840
  • #539,071
  • Sep 15, 2011 10:56pm Sep 15, 2011 10:56pm
Quoting Obaidah
its clear that EURUSD was heavily hit with sellers, its rolling over and demand is completely out of the market, I believe we're going down.

Quoting Obaidah
I'm not buying, and I'm not selling either, I'll just wait till we reach 1.4 to short this thing

u know, this might be too complicated for you to understand so imma narrow it down for you, BUYING IS DANGEROUS!!!

and oh by the way, about the Tokyo session myth you might wanna enrich you trading knowledge, i recommend you read this article http://articles.mql4.com/894
Listen idiot, it is not a myth, it was exactly what happened this week...We found support on either TK highs or TK roll before being bought back up during London and NY...

Again, you said, sellers were hitting the market and you think it is going down, followed up with a statement that you think you will wait for the next 100-200 pips to sell...

This is the kinda shit that gets new folk confused.

EVERY market play this week, I have called to nugget, including a heat map chart I shared with the thread a few days ago on the range of play for the week...

Here's a couple of things that some of us like to call charts...it is something that some of us base our trades on...

1. TK session, all blue boxes.
2. Heatmap for the week.
3. Updated heatmap from this morning.

Go back and read through some of my posts, it will show you what an actual analysis looks like, from there, you might learn a little something about market strategy and perhaps even a little about sharing your wisdom...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #539,072
  • Sep 15, 2011 11:00pm Sep 15, 2011 11:00pm
This is the most stupid idea to percieve that 1.40 is short price , every price level can be a long or short depending on price action. 1.35 was a good price where I longed and many were shorting, so learing the price action is most important, is the large players are selling even market is going higher (which they do most of the time and stupid people get caught up)
  • #539,073
  • Sep 15, 2011 11:01pm Sep 15, 2011 11:01pm
Viva Mexico!!

Cabrones

Regards
  • #539,074
  • Sep 15, 2011 11:04pm Sep 15, 2011 11:04pm
First two most frequent questions on this thread:

1. Sorry for my ignorance but could someone kindly tell me whats a PA?

2. What's a MoFu?

Anwswers that we see:

1. a) Price Action b) Personal Attendant c) Google it and don't waste our time d) a link to babypips

2. Bla Bla Bla Gator Bla Bla Bla 50% Bla Bla Bla Price Pivot Zone Bla Bla Bla Magnetic Level Bla Bla Bla
The Thief of Wall Street
  • #539,075
  • Sep 15, 2011 11:08pm Sep 15, 2011 11:08pm
Quoting mdrive
This is the most stupid idea to percieve that 1.40 is short price , every price level can be a long or short depending on price action. 1.35 was a good price where I longed and many were shorting, so learing the price action is most important, is the large players are selling even market is going higher (which they do most of the time and stupid people get caught up)
In all actuality, 1.4ish might be the top of this nugget...

Again, here is the TK back fills on session and if you look at the range of supply, it happens to just be in that 1.4 area.

The issue is...we are trading towards it, so, if you think that price is heading that general direction, waiting until price gets there to short is a completely STUPID IDEA...

Currently, we are about 140 pips away from that target. If you knew where price was going to reverse, why not trade towards it? I realize what you are saying, and this comment isn't specifically to reach out to you, but it is to say that market newbs typically lose because of this exact trade logic.

Anyways...here's the chart..
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #539,076
  • Sep 15, 2011 11:10pm Sep 15, 2011 11:10pm
Quoting mercy seat
Dips into green level zones are possible ...

Further upmove preffered ... up to above todays high at 1.3937 and even to above 1.3960/ 75 limit ...

Only if not crossed above 1.3992 we may see one more downside correction down towards 1.3832 or 1.3790 area ...

2011-09-16 _ (00h05 CET) EUR-USD _ 030min _ 000 candle 190-501-40



;-|


Aprox. six hours later:

And we did it that way ...

Lowest been 1.3836 with mine ... and we did buy there ...

See you later or when we are heading towards the red zones ...

Oke-doke ...



palim palim



;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-09-16 _ (05h51 CET) EUR-USD _ 030min _ 000 candle 190-500-40.GIF Size: 69 KB
Click to Enlarge Name: 2011-09-16 _ (05h53 CET) EUR-USD _ 001min _ 000 candle 300-502-30.GIF Size: 75 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #539,077
  • Sep 15, 2011 11:17pm Sep 15, 2011 11:17pm
Magix, thanks for posting your charts, I caught that run this morning based on the Tokyo close as well. At the time (4:00 EST) it was the only decent level to place.

As we all know, it ended up providing enough pips to satisfy Cloggie himself.

Right now I am eyeing the 1.3840 level for support going into the Euro session. There are a few reasons for this. It's the site of the 200 SMA on the 1 hour chart. It's the upper boundary of the trading chanel that we formed earlier in the week and busted through today and it's also the site of low we had in July.

Should PA look reasonable at that level, I will be inclined to place a long trade risking 2% with a stop at the 1.3820 level.

Those of you that are still learning the ropes, it's good to have multiple reasons to initiate a trade. It's also ok to be wrong. Tight stops and good money management are the name of this game.
  • #539,078
  • Sep 15, 2011 11:20pm Sep 15, 2011 11:20pm
Quoting Chicky
2. What's a MoFu?
It's an abbreviation of a slang. Isn't it?
no offense, lol
You cannot learn better without losing
  • #539,079
  • Sep 15, 2011 11:20pm Sep 15, 2011 11:20pm
Quoting micho
short at 1.3879, tp at 1.3830 and stop at 1.3897
trade closed at 1.3845 after the 4:30 15M chart... so +34
we could well still be going lower, maybe much lower but lack of momentum killed it for now... risk was 16 so 34 as a profit is ok...
When life gives you lemons, make lemonade
  • #539,080
  • Sep 15, 2011 11:22pm Sep 15, 2011 11:22pm
Quoting Smurf123
Magix, thanks for posting your charts, I caught that run this morning based on the Tokyo close as well. At the time (4:00 EST) it was the only decent level to place.

As we all know, it ended up providing enough pips to satisfy Cloggie himself.

Right now I am eyeing the 1.3840 level for support going into the Euro session. There are a few reasons for this. It's the site of the 200 SMA on the 1 hour chart. It's the upper boundary of the trading chanel that we formed earlier in the week and busted through today and it's also the site of low...
Very well put my friend.

TRADE LOGIC...

I think it will, is not a valid reason to take a trade. Having an idea of what you are looking for however, is.

If people wanna coin trader phrases, let em knock this one around.

Know your exits before you enter.

That way, right or wrong, you aren't sitting on a growing loss hoping it will turn in your favor.

Keep em coming dude. And don't be shy about posting charts with your analysis...guys like me really like to see that kinda stuff, and I know a lot of others would appreciate it as well.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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