- #4,065
- Oct 17, 2011 9:37am Oct 17, 2011 9:37am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
So ...& scalping the ups and downs shortterm in the meantime.
- #4,066
- Oct 17, 2011 9:40am Oct 17, 2011 9:40am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
aw yes, thats the main point traders are making mistakes when thry ask me, what i think where it will go?
It depends on TF you are trading on. I dont mind ANY direction on my scalp system or even a range system.
When i make trend following trade i always look h1 for directions and m5 for entries. But if i trade m5 SOLELY i dont mind any direction as you can make pips BOTH directions.
Your inputs are excellent, T@rantula.
Keep up the good work!
FXcube
- #4,067
- Oct 17, 2011 9:43am Oct 17, 2011 9:43am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
...Nobody has a cristall ball!
Your inputs are excellent, T@rantula.
Keep up the good work!
FXcube
- #4,068
- Oct 17, 2011 9:50am Oct 17, 2011 9:50am
- | Commercial User | Joined Feb 2011 | 2,208 Posts
Well thanks, trying to pass my knowledge further, as the real power lies in knowledge. By sharing our experience we prosper.
- #4,069
- Oct 17, 2011 9:54am Oct 17, 2011 9:54am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Agreed.
- #4,070
- Oct 17, 2011 10:15am Oct 17, 2011 10:15am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
...Nobody has a Crystal Ball!
Your inputs are excellent, T@rantula.
Keep up the good work!
FXcube
He does it with real strategic reflections ... that's for shure ...
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #4,071
- Oct 17, 2011 10:22am Oct 17, 2011 10:22am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
MY OPINION NOT FINANCIAL ADVISE
- #4,073
- Oct 17, 2011 10:35am Oct 17, 2011 10:35am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
this is my eu set up ...1.4000 is untested and for a good buy opportunity will be waiting for the 1.36.1.35...this are my view for mid term..i can be wrong ..
- #4,074
- Oct 17, 2011 10:42am Oct 17, 2011 10:42am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #4,075
- Oct 17, 2011 10:55am Oct 17, 2011 10:55am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
Good morning fellow traders,
3914 , that was to the pip :-)
Based on my channel technique next speed bump around 3720. From here possibly a retest of the base channel from the lower side
For base channel see:
http://www.forexfactory.com/showthre...44#post5043044
Well done ...
Sauber ... gut gemacht ... Chart brennt auch nicht auf den Augen ... kann man mit einem Blick alles erkennen ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #4,076
- Oct 17, 2011 11:03am Oct 17, 2011 11:03am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Well done ...
Sauber ... gut gemacht ... Chart brennt auch nicht auf den Augen ... kann man mit einem Blick alles erkennen ...
- #4,077
- Oct 17, 2011 11:24am Oct 17, 2011 11:24am
- | Joined Dec 2010 | Status: Trader | 2,426 Posts
Just back to the office.
Glad I covered my longs at 1.39 this morning (as you did - covered 1/2 partially at 1.391 and the other 1/2 at 1.39 on 2nd retest), it was struggling to move passed 1.391.
I had a pending heavy sell order below the LTL that acted as support last week (sorry no chart). Unfortunately, that sell order was set up at 1.3835: If I had been at the computer, I would have put a nice little short entry below 1.3885. So not the best entry ever, but at least I'm well in the green.
I was expecting us to reach 1.394 today, a little bit surprised we went down so early to be honest but as I mentionned on Friday, there was a bearish HD forming on MACD H1 and I'm still overall bearish on this (at least until USDX reaches 90 but I'll reverse if QE3 is announced next week).
I'm still holding that S now, with SL at BE. As I said, not the best entry but I'm too busy right now and can't really manage my trades atm. I've put the SL at BE so I'm not risking anything so I'll let it run as long term position: if we break 1.3732 and 1.368x, then we'll definitely go revisit 1.31 area this week.
Risk to the upside is that if 1.3835 breaks, we may have a retest of the LTL mentionned above and further move up... & I'll be really pissed
Glad I covered my longs at 1.39 this morning (as you did - covered 1/2 partially at 1.391 and the other 1/2 at 1.39 on 2nd retest), it was struggling to move passed 1.391.
I had a pending heavy sell order below the LTL that acted as support last week (sorry no chart). Unfortunately, that sell order was set up at 1.3835: If I had been at the computer, I would have put a nice little short entry below 1.3885. So not the best entry ever, but at least I'm well in the green.
I was expecting us to reach 1.394 today, a little bit surprised we went down so early to be honest but as I mentionned on Friday, there was a bearish HD forming on MACD H1 and I'm still overall bearish on this (at least until USDX reaches 90 but I'll reverse if QE3 is announced next week).
I'm still holding that S now, with SL at BE. As I said, not the best entry but I'm too busy right now and can't really manage my trades atm. I've put the SL at BE so I'm not risking anything so I'll let it run as long term position: if we break 1.3732 and 1.368x, then we'll definitely go revisit 1.31 area this week.
Risk to the upside is that if 1.3835 breaks, we may have a retest of the LTL mentionned above and further move up... & I'll be really pissed
3880 was a valid sell. Price currently at 3845.
- #4,079
- Oct 17, 2011 5:17pm Oct 17, 2011 5:17pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #4,080
- Oct 17, 2011 5:47pm Oct 17, 2011 5:47pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts