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  • #3,161
  • Sep 27, 2011 3:19am Sep 27, 2011 3:19am
Quoting Flynchenberg
Well spotted, agreed.

FA helps spiders.



Seb
Aw well, was trying not to close on BE. Sometimes it really annoys me ( when I make an intraday trade) that the PA initially goes to my direction then hits BE.

When i scalp if i get more then 5 10 pips its ok to be stopped out at BE ( if i dont close the trade in profit) but i came to realize there is no point in putting the trade on BE for intraday trades if less then 20-25 pips is achieved. We need to take the risk even if the price initially goes in opposite direction.
  • #3,162
  • Sep 27, 2011 3:28am Sep 27, 2011 3:28am
Quoting T@rantula
My entry was 3538, thought to close it for 40 ( 3498) but the price slipped giving me even better execution
So you was the lucky one ...

When it dropped ... I just heard the alerts and the voice quoting announcements of my system ... but just at that moment I was 5 meters away from desk ...

And when I arrived at the desk ... it was much higher again ... therfore I did not want to buy it anymore ... as timing is a very very important issue ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,163
  • Edited 3:56am Sep 27, 2011 3:34am | Edited 3:56am
Quoting mercy seat
So you was the lucky one ...

When it dropped ... I just heard the alerts and the voice quoting announcements of my system ... but just at that moment I was 5 meters away from desk ...

And when I arrived at the desk ... it was much higher again ... therfore I did not want to buy it anymore ... as timing is a very very important issue ...



;-|
The point is, my ranging system works perfectly when we are in the range. When trending need to switch to trend following system and that is when my range trading system fails.

Watch Fxcube h1/h4 chart. Thats is. We need to use range system atm. Ofcourse I am not talking about m1/m5 scalping. Talking about intraday trades.
  • #3,164
  • Sep 27, 2011 4:15am Sep 27, 2011 4:15am
Yes I think we have different methods approach but at least we mean somehow the same ...

For example I have learned that charts and grafical methods (alone or only) are very subjective assessment tools ... which are not sufficient enough to describe the factual probabilities for a successful trading strategy ...

And I have learned that charts can be used for so-called "Zeugnis-Umlastungsverfahren" in order to show some things to "prospects" and how to manage such things ...

I can even show you how much so-called charting software do show you different results even then when you use absolutely the same data-feed ...

For that reason ... I stick to those old pure math based methods and tools ... which do exist longer than internet ...

And somehow we were able to trade with great results as well in those days when there was not those cheap electronic hardware around us ...

But we have had a much more higher developed inner voice and deeper knowledge of what is happening ... even without these things ...

At least you will survive and win only then - if / when you have a sort of healthy plans and systematic strategies that work ...

BTW ... today there will be a Troika conference later again ... and telephone conferences looming ... possibly a lot of moves then caused again ...

Be always prepaired for the unexpected! Das ist ein weitere LEITSATZ für uns.

2011-09-27_11h09_ EURUSD _ min060 _ (120a) candle + ST + MA


And according to those divergences in the higher time-frames ... as posted before :

What do you think about a possible BREAKOUT within next few sessions to the upside T@rantula ?

At least it is a subjective decision ... on how you apply your settings in charts ... and as you mentioned half a year ago ... who (!) reads them ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-27_11h09_ EURUSD _ min060 _ (120a) candle + ST + MA.PNG Size: 35 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,165
  • Sep 27, 2011 4:24am Sep 27, 2011 4:24am
Quoting mercy seat
Yes I think we have different methods approach but at least we mean somehow the same ...


What do you think about a possible BREAKOUT within next few sessions to the upside T@rantula ?

At least it is a subjective decision ... on how you apply your settings in charts ... and as you mentioned half a year ago ... who (!) reads them ...


;-|
The breakout to the is possible during the next hours as the price has already tagged lower BB and we are still ranging. For Oscillators and detecting divergences OSMA can perform exceptionally well but you just need to know how to read it. And I agree, trading decisions also depend on how you read them. Psychology is also important as sometimes you need to suffer the initial loss in order to achieve bigger profits.
  • #3,166
  • Sep 27, 2011 5:13am Sep 27, 2011 5:13am
Okey-dokey ...

A less than 100 pips daily span until now ...

Monday we have seen almost a 190 pips span ...

2011-09-27 _ (11h54 CET) EUR-USD _ 030min _ 000 candle 210-501-30

And we will see further extention ... which is very likely ...

For me a buy on casual dips situation atm ...

As I still expect another attempt towards 1.3578 - 1.3595 ...

If not or if failes there then back towards 1.3447 or below to 1.3416/14 again ...

Positive outlook potential for extentions as long as 1.3466/ 51 may hold ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-27 _ (11h54 CET) EUR-USD _ 030min _ 000 candle 210-501-30.GIF Size: 65 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,167
  • Sep 27, 2011 6:44am Sep 27, 2011 6:44am
I go Short at DR1 @ 1.3596 & 1.36 just now & will hedge these orders at mR2 1.3631 if the market price will go further up.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M5, 2011 September 27, 13h41.jpg Size: 106 KB
  • #3,168
  • Sep 27, 2011 6:57am Sep 27, 2011 6:57am
Somehow not that much unexpected ...

2011-09-27 _ (13h46 CET) EUR-USD _ 030min _ 000 candle 210-505-30

BTW stop based on IMM settlements comes into play at 1.3675 area ...

Which means a little bit above DPR+2 zone ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-27 _ (13h46 CET) EUR-USD _ 030min _ 000 candle 210-505-30.GIF Size: 64 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,169
  • Sep 27, 2011 8:45am Sep 27, 2011 8:45am
Quoting Forexcube
I go Short at DR1 @ 1.3596 & 1.36 just now & will hedge these orders at mR2 1.3631 if the market price will go further up.
Excuse me but just only for the reason of accuracy ...

Our DAILY PIVOTAL RESISTANCE NO. 1 cuts in at 1.3602 ...

Maybe we have seen our move to the upside ... but I will wait for later ... as there are still some extentions ...




Ohh ... sorry for that guys ... did not submit as it has been written ...

Had some phone calls ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,170
  • Sep 27, 2011 8:47am Sep 27, 2011 8:47am
Whom do I see there ... our friend speechless Fini at the portas ...

2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,171
  • Sep 27, 2011 8:50am Sep 27, 2011 8:50am
Anyway ... I did not start to go A REVERSO until 1.3627 has been hit ...

And I did add some at 1.3637 ... as described before ...

Never before certain key-point areas has been hit ...

And partial profits at 1.3607 ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,172
  • Sep 27, 2011 8:54am Sep 27, 2011 8:54am
Quoting Forexcube
I go Short at DR1 @ 1.3596 & 1.36 just now & will hedge these orders at mR2 1.3631 if the market price will go further up.
Just got home, was out as I dont trade after 11.00 am GMT - 13.30 pm GMT ( check my post concerning trading hours to see the explanation WHY trading hours should be respected ).

The market has turned to bullish. I will look for longs on retracements.
  • #3,173
  • Sep 27, 2011 9:04am Sep 27, 2011 9:04am
Quoting mercy seat
Whom do I see there ... our friend speechless Fini at the portas ...

Hehehe,

hi Mercy :-)


I am in between two appointments and am just checking opinions

So far my counts support your view. :-)


Later more, have to run
  • #3,174
  • Sep 27, 2011 9:07am Sep 27, 2011 9:07am
Hi traders,
We retreaced 50% of wave 4. That could be first leg up known as wave A of ABC correction. Rally might be extended up to 61.8% of wave 4. Anyway sooner or later wave B should develop.

Current count on picture.


Seb
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1.jpg Size: 120 KB
  • #3,175
  • Sep 27, 2011 9:19am Sep 27, 2011 9:19am
Need to see reaction at 3660. Rejection may be good for scalp short.

Watching cable now. ENtry at 5675 aiming for 5700, tight stop.
  • #3,176
  • Sep 27, 2011 9:20am Sep 27, 2011 9:20am
Quoting infinitus
Hehehe,

hi Mercy :-)


I am in between two appointments and am just checking opinions

So far my counts support your view. :-)


Later more, have to run

Hehe ... schön schön ... thank you Fini ...

Nice day again ... in and out as T-Catty used to say ...

Now my BE is of course higher at more convenient levels ...

And as always some partial profits again at 1.36231 ... and so on and so on ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,177
  • Sep 27, 2011 9:27am Sep 27, 2011 9:27am
Quoting T@rantula
Need to see reaction at 3660. Rejection may be good for scalp short.

Watching cable now. ENtry at 5675 aiming for 5700, tight stop.
Another scalp done
  • #3,178
  • Sep 27, 2011 9:28am Sep 27, 2011 9:28am
Quoting T@rantula
Need to see reaction at 3660. Rejection may be good for scalp short.

Watching cable now. ENtry at 5675 aiming for 5700, tight stop.
Well highest been given now at 1.3653 atm ... which is above our ELLIOTT extention ... on a today calculated basis ...


DPR+3 would be an extreme ... therfore stops are to be considered above that area ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,179
  • Sep 27, 2011 9:39am Sep 27, 2011 9:39am
Quoting mercy seat
Well highest been given now at 1.3653 atm ... which is above our ELLIOTT extention ... on a today calculated basis ...


DPR+3 would be an extreme ... therfore stops are to be considered above that area ...



;-|
Missed the short on EU. This is profit taking. We may jump again soon.
  • #3,180
  • Sep 27, 2011 9:43am Sep 27, 2011 9:43am
Quoting T@rantula
Missed the short on EU. This is profit taking. We may jump again soon.
Watch 3608
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