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  • #540,981
  • Sep 20, 2011 6:14pm Sep 20, 2011 6:14pm
Quoting mla
The blue line is the 3710, and above that, the brown line is a daily resistance line.

mla
But thats minor resistance.Major resistance sits at 3720
REQUESTING NO VOUCHES.Vouches are useless.
  • #540,982
  • Sep 20, 2011 6:15pm Sep 20, 2011 6:15pm
This could be the bounce area to take price back to 3705
REQUESTING NO VOUCHES.Vouches are useless.
  • #540,983
  • Sep 20, 2011 6:18pm Sep 20, 2011 6:18pm
Quoting Pegasus54
taking all profits. may get a bounce here
I agree that Get Bounce here to 1.3769 at least.
Attached Image
  • #540,984
  • Sep 20, 2011 6:18pm Sep 20, 2011 6:18pm
Quoting Pegasus54
same drill. sl at be and scaled with +14. lets see if price can test 3672 now

awesome..!

wish you n me get through here....
  • #540,985
  • Sep 20, 2011 6:19pm Sep 20, 2011 6:19pm
The price is below 100MA in 5 min chart. Expect the price to drop further from here.
Intraday only.
  • #540,986
  • Sep 20, 2011 6:31pm Sep 20, 2011 6:31pm
Quoting Pegasus54
This could be the bounce area to take price back to 3705
I am quite curious what your long term strategy is, if you do not mind sharing. It seems that on an intraday basis, you trade S&R based upon channels and TL's...As a new trader, I have been following your trades, and most in the past couple of days anyway seem quite successful, even if only 20 pips or less.

I have been doing the same and I must say it seems to be working quite well. I do not pay much attention to FIB lines, especially on a short term basis, just pure PA. Could this develop into a sound strategy of playing the dips? By the way, I seem to be more successful if I am short vs. long. Thanks for your help!
  • #540,987
  • Sep 20, 2011 6:33pm Sep 20, 2011 6:33pm
hm.. placed my PO 3675, tp 3705, averaging 3645...........
  • #540,988
  • Sep 20, 2011 6:34pm Sep 20, 2011 6:34pm
Quoting Qk2017
I am quite curious what your long term strategy is, if you do not mind sharing. It seems that on an intraday basis, you trade S&R based upon channels and TL's...As a new trader, I have been following your trades, and most in the past couple of days anyway seem quite successful, even if only 20 pips or less.

I have been doing the same and I must say it seems to be working quite well. I do not pay much attention to FIB lines, especially on a short term basis, just pure PA. Could this develop into a sound strategy of playing the dips? By the...
Current support M5 200EMA, NY daily roll @ 1.37005...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #540,989
  • Sep 20, 2011 6:39pm Sep 20, 2011 6:39pm
Quoting Qk2017
I am quite curious what your long term strategy is, if you do not mind sharing. It seems that on an intraday basis, you trade S&R based upon channels and TL's...As a new trader, I have been following your trades, and most in the past couple of days anyway seem quite successful, even if only 20 pips or less.

I have been doing the same and I must say it seems to be working quite well. I do not pay much attention to FIB lines, especially on a short term basis, just pure PA. Could this develop into a sound strategy of playing the dips? By the way,...
First, you should not be more successful whether long or short. That dictates fear. Pull the trigger both ways and collect the pips on your way to dips then buy the dips and vice versa. lately the atmosphere has been great for scalps and intraday 40-50 pip trades. On a longer term basis, I do have a proven strategy but surely it would take forever to explain it. I have developed many strategies to use for scalping, intraday and longer term trading over the past 8 or so years. Always remember, levels are played over and over again until they arent. Use them as many times as you can.
REQUESTING NO VOUCHES.Vouches are useless.
  • #540,990
  • Sep 20, 2011 6:43pm Sep 20, 2011 6:43pm
hi everyone,

just want to apologize to our friend pegasus, for my behaviour. Sorry man, for disturbance. im long from 3684. Does anyone see 1.3700 as a reliable target?

Pegasus, can you pull up your chart and channels? Also please explain a little of your ta.
Have I got something on my face, SOLDIER?
  • #540,991
  • Sep 20, 2011 6:43pm Sep 20, 2011 6:43pm
Quoting Pegasus54
same drill. sl at be and scaled with +14. lets see if price can test 3672 now
Could you explain why you went short in this trade? Thanks.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #540,992
  • Sep 20, 2011 6:50pm Sep 20, 2011 6:50pm
Quoting bumapatria
Does anyone see 1.3700 as a reliable target?
M5 Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: m5.jpg Size: 79 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #540,993
  • Sep 20, 2011 6:51pm Sep 20, 2011 6:51pm
Quoting mla
Could you explain why you went short in this trade? Thanks.

mla
that short was a while ago. scored about 14 pips on it.
I bought the bounce at 3684, scaled a bit at +10 and still hanging in.
Attached Image
REQUESTING NO VOUCHES.Vouches are useless.
  • #540,994
  • Sep 20, 2011 6:52pm Sep 20, 2011 6:52pm
Quoting bumapatria
hi everyone,

just want to apologize to our friend pegasus, for my behaviour. Sorry man, for disturbance. im long from 3684. Does anyone see 1.3700 as a reliable target?

Pegasus, can you pull up your chart and channels? Also please explain a little of your ta.
No problem here bumapatria. All is good.
REQUESTING NO VOUCHES.Vouches are useless.
  • #540,995
  • Sep 20, 2011 6:53pm Sep 20, 2011 6:53pm
Quoting bumapatria
hi everyone,

just want to apologize to our friend pegasus, for my behaviour. Sorry man, for disturbance. im long from 3684. Does anyone see 1.3700 as a reliable target?

Pegasus, can you pull up your chart and channels? Also please explain a little of your ta.
Hoping to break the upper trendline at 04 but not sureit will. I will be ready toexit by looking at a 1 min chart. that will tell me to remain or exit.
REQUESTING NO VOUCHES.Vouches are useless.
  • #540,996
  • Sep 20, 2011 6:54pm Sep 20, 2011 6:54pm
actually looking for 3722 first unless my be sl is met. then 3733 then 3782
REQUESTING NO VOUCHES.Vouches are useless.
  • #540,997
  • Sep 20, 2011 6:56pm Sep 20, 2011 6:56pm
ticket to success is booking those profits when you get them. scaling out some and moving sl to be. sometimes if I am +10 I will move sl to -10 that way there is no loss but a wash.
REQUESTING NO VOUCHES.Vouches are useless.
  • #540,998
  • Sep 20, 2011 6:58pm Sep 20, 2011 6:58pm
Quoting Pegasus54
that short was a while ago. scored about 14 pips on it.
I bought the bounce at 3684, scaled a bit at +10 and still hanging in.
Thank you very much about your answer. But I still do not understand why did enter those short and long trades? Because they bounce from certain levels or something else?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #540,999
  • Sep 20, 2011 6:59pm Sep 20, 2011 6:59pm
Quoting Pegasus54
ticket to success is booking those profits when you get them. scaling out some and moving sl to be. sometimes if I am +10 I will move sl to -10 that way there is no loss but a wash.
Um, are ya trying to up your post count, or have you not figured out to hit the edit button and combine your thoughts?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #541,000
  • Sep 20, 2011 7:00pm Sep 20, 2011 7:00pm
covered +20
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