Why bear market bulls run away? 
Once scalper always scalper 
- #548,763
- Oct 10, 2011 5:29pm Oct 10, 2011 5:29pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #548,764
- Oct 10, 2011 5:33pm Oct 10, 2011 5:33pm
- Joined Jan 2010 | Status: Trader | 11,001 Posts
c corresponds with my daily target around 3936.
the bad thing about it is that the possible change of direction for whatever reason will come up will be accompanied by some ranging there first. so, it could take some time, which I dislike.
- #548,765
- Oct 10, 2011 6:08pm Oct 10, 2011 6:08pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,026 Posts
Patience, Emotion Control and Discipline.
- #548,768
- Oct 10, 2011 6:53pm Oct 10, 2011 6:53pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,026 Posts
Patience, Emotion Control and Discipline.
- #548,769
- Oct 10, 2011 6:54pm Oct 10, 2011 6:54pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,026 Posts
Patience, Emotion Control and Discipline.
- #548,770
- Oct 10, 2011 6:55pm Oct 10, 2011 6:55pm
- | Membership Revoked | Joined May 2010 | 1,979 Posts
- #548,774
- Oct 10, 2011 7:08pm Oct 10, 2011 7:08pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
yes below 3630...we might go down and see 3570 level atleast...
Sleep time
C U
- #548,776
- Oct 10, 2011 9:03pm Oct 10, 2011 9:03pm
I am short now from 3670 / SL 3700 / TP 3610. I think the bulls have lost momentum and all lower TFs totally toppish. Time for some down side but will monitor...patience is key as always in forex...
... will see at Fra/Lon opens what is what...
The forex market has its own life and takes its own time.
- #548,777
- Oct 10, 2011 9:22pm Oct 10, 2011 9:22pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
Valid above 3629.
Higher TF wants 3685. A drop there could indicate shorts in order. I'm not going to stay up that long though. It's pretty much not moving..
Higher TF wants 3685. A drop there could indicate shorts in order. I'm not going to stay up that long though. It's pretty much not moving..
- #548,778
- Edited 9:38pm Oct 10, 2011 9:27pm | Edited 9:38pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan 
- #548,779
- Oct 10, 2011 9:31pm Oct 10, 2011 9:31pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
Problem is we had the opposite on the lowest TF and this could invalidate the higher TF if goes below 29 (and that in turn would invalidate3684). That's how the TFs interrelate. Sometimes the higher ones drive the lower, sometimes to opposite is true. That's why I've always said, all TFs have to be watched in the same time. Anyway, it's still up but looking less good than 5 min ago.
- #548,780
- Oct 10, 2011 10:01pm Oct 10, 2011 10:01pm
Could anyone kindly explain to me why 'everyone' seems to be shorting? cos I trade off the H4 and I can't seem to see any reason for shorting @ the moment.
Trading with a flexible mindset is a critical skill that all traders must learn. While this may seem elementary, consider how often you hear a trader label themselves as a "bear" or a "bull". To me, this makes almost no sense. However, many people still will say they are bearish for a given currency pair with no further explanation. In my opinion, this is a problem. The reason for this is that they have formed an opinion before they analyse the facts. If they have a general opinion before they actually analyse the current situation, then they are viewing the information without the benefit of a rational mindset. This may seem strange to hear, but it is true. Don't get me wrong, if they have a current opinion that currency pair is likely to behave in a certain way due to their analysis, that is fine. But many traders form open ended opinions on currency pairs and then try to find analysis that fits into that opinion.
OPPORTUNITY IS NOWHERE