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  • #554,921
  • Oct 27, 2011 12:31am Oct 27, 2011 12:31am
Cool...!! I opened 2 short positions at 1.3993 (High Risk - 1.0 volume each) with a hope that 1.4000 won't get breached... Looking for 150+ pips from the current level else my SL is ready at 1.4023 .

Let's see if my luck works this time...
  • #554,922
  • Oct 27, 2011 12:31am Oct 27, 2011 12:31am
Quoting KiwiTrada
Patience is my middle name, changed plan, to pb and added, leaving runners, 3 fill so far at minimal risk, quite happy to wait, see what 1.4 eu has, if she hold and rejects ladies heading south
In my experience, a slow and steady pressured push like this doesn't generally get rejected. Usually it ends in the level breaking and a nice follow through. Even a rejection would simply result in consolidation with a break being inevitable.

Usually, a large rejection and reversal happens on quick, impulsive moves. This just doesn't have that feel to it.
check out my blog: forexmademillionaire dot com
  • #554,923
  • Oct 27, 2011 12:34am Oct 27, 2011 12:34am
Quoting Geppy
In my experience, a slow and steady pressured push like this doesn't generally get rejected. Usually it ends in the level breaking and a nice follow through. Even a rejection would simply result in consolidation with a break being inevitable.

Usually, a large rejection and reversal happens on quick, impulsive moves. This just doesn't have that feel to it.
Yeah, i'm surprised that it did not go any higher either. Maybe it will have better luck when london opens.
  • #554,924
  • Oct 27, 2011 12:36am Oct 27, 2011 12:36am
With this latest dip back down it seems like a good time to reload if you favor 1.40 being broken
  • #554,925
  • Oct 27, 2011 12:38am Oct 27, 2011 12:38am
Quoting factorof2
With this latest dip back down it seems like a good time to reload if you favor 1.40 being broken
i'm waiting for 1.4040 until i go again. It's going to get volatile through london opening.
"We demand rigidly defined areas of doubt and uncertainty." - Douglas Adams
  • #554,926
  • Oct 27, 2011 12:38am Oct 27, 2011 12:38am
Quoting Kowalczyk
Yeah, i'm surprised that it did not go any higher either. Maybe it will have better luck when london opens. Although PA on the 15 looks horrible for the bulls.
Just curious, what makes you say that? We had a 4 candle impulse up to the 1.3995 level and followed by two bear candles the low of the latest one being only just past the half point of the previous large bull candle. I'm not saying I disagree necessarily I just wonder what makes you think the PA is bad for bulls?
  • #554,927
  • Oct 27, 2011 12:39am Oct 27, 2011 12:39am
Quoting Forexgain
Cool...!! I opened 2 short positions at 1.3993 (High Risk - 1.0 volume each) with a hope that 1.4000 won't get breached... Looking for 150+ pips from the current level else my SL is ready at 1.4023 .

Let's see if my luck works this time...
Luck would be created by working harder not by hoping
If there was easy money lying around,no one would be forcing it into your
  • #554,928
  • Oct 27, 2011 12:40am Oct 27, 2011 12:40am
My bad, I thought that the 15 min candle had closed but it did not. If the 15 min candle closes around 1.398, I expect this to be a top. We finally reached 1.400 and the candle ended in a dojo. That in itself should be considered a warning.
  • #554,929
  • Oct 27, 2011 12:44am Oct 27, 2011 12:44am
Quoting Geppy
In my experience, a slow and steady pressured push like this doesn't generally get rejected. Usually it ends in the level breaking and a nice follow through. Even a rejection would simply result in consolidation with a break being inevitable.

Usually, a large rejection and reversal happens on quick, impulsive moves. This just doesn't have that feel to it.
Bro I 100% agree normally, but market presently is not normal, is in turmoil, so much external influences, 1.4 is player level, tech / fundies / pshycology, temperment etc all creating a very fragile situation, is why I more happy watch other ladies and crude.
last 1 1/2 hr I banked 112 pips off geppy with 3 runners live, crude I leaving both to run
EU I will scalp each entry until 1.4 break, or they become runners

I will scalp eu until she break and hold, if break again will wait, possibly even to london
Best lesson I learn, is no rush, market still there tomorrow, new opportunities etc etc
If you are new to Forex? Say Goodbye to your account!!
  • #554,930
  • Oct 27, 2011 12:44am Oct 27, 2011 12:44am
wach.... ready to take short guys?////
be patient, self-belief and discipline... stay focus...
  • #554,931
  • Oct 27, 2011 12:45am Oct 27, 2011 12:45am
hehe nice, i`m long from 1.3822 and now i wake up and i see 170+ pips in green - thats what i call a good mourning!

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  • #554,932
  • Oct 27, 2011 12:46am Oct 27, 2011 12:46am
True. You know what, scalpers profit heavily from current situation. EU doesn't crash/take off till it reaches 1.4 so it's really easy to scalp 5-10 pips here and there.

Quoting KiwiTrada
Bro I 100% agree normally, but market presently is not normal, is in turmoil, so much external influences, 1.4 is player level, tech / fundies / pshycology, temperment etc all creating a very fragile situation, is why I more happy watch other ladies and crude.
last 1 1/2 hr I banked 112 pips off geppy with 3 runners live, crude I leaving both to run
EU I will scalp each entry until 1.4 break, or they become runners

I will scalp eu until she break and hold, if break again will wait, possibly even to london
Best lesson I learn, is no rush, market...
  • #554,933
  • Oct 27, 2011 12:48am Oct 27, 2011 12:48am
just woke up and my hopeful take profit of 3953 got hit at 2am so green pips already
  • #554,934
  • Oct 27, 2011 12:50am Oct 27, 2011 12:50am
75.75 ($ index) tested twice and held. In 15 minutes, we should know if the top is in yet.
  • #554,935
  • Oct 27, 2011 12:50am Oct 27, 2011 12:50am
Quoting FXMindset
Luck would be created by working harder not by hoping
Exactly bro luck is for fools, also looking to go
long just below a big resistance is not wise, entry should of been lot lower, if you missed entry, better option is sit on hands, let it break, do the stop hunt crap, comeback retest, hold, then reject up, enter with sl below 1.4, less stress, better success probability
If you are new to Forex? Say Goodbye to your account!!
  • #554,936
  • Oct 27, 2011 12:51am Oct 27, 2011 12:51am
E/U is sleeping currently... 1 more news and the hell's gate will get opened...
  • #554,937
  • Oct 27, 2011 12:56am Oct 27, 2011 12:56am
Quoting FXMindset
Luck would be created by working harder not by hoping
Brother! i know brother you'r pointing towards my yesterday's SL hit in U/J. That was my bad judgement in putting SL at wrong place but u can see U/J today, it fell and i am expecting further fall as well but my bad luck was that it hitted my SL before fall...

But still i can't do anything expect with a hope because i am not the one who is moving Forex Market...
  • #554,938
  • Oct 27, 2011 12:56am Oct 27, 2011 12:56am
tricky going long at this level... 1.4008 is the quarterly target, almost hit, then consolidation time. slowly grinding the suckers...
after that most likely a nice dive, judging by the latest COT reports. but that's for the next weeks.
nice seeing you again

Quoting Geppy
In my experience, a slow and steady pressured push like this doesn't generally get rejected. Usually it ends in the level breaking and a nice follow through. Even a rejection would simply result in consolidation with a break being inevitable.

Usually, a large rejection and reversal happens on quick, impulsive moves. This just doesn't have that feel to it.
Nihil Sine Deo.
  • #554,939
  • Oct 27, 2011 12:57am Oct 27, 2011 12:57am
Quoting Forexgain
E/U is sleeping currently... 1 more news and the hell's gate will get opened...
yes correct
Trade responsiblypatience is the key/Swing trader
  • #554,940
  • Oct 27, 2011 12:58am Oct 27, 2011 12:58am
hmm....my system said buy....but.....afraid haha
be patient, self-belief and discipline... stay focus...
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