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  • #555,381
  • Oct 27, 2011 11:29am Oct 27, 2011 11:29am
Most ironic thing is I actually make most red pips on days like today. Now I came back home later but placing bets on this rally running out of steam is one very bad tactic at a day like today...

Patience son, patience
  • #555,382
  • Oct 27, 2011 11:29am Oct 27, 2011 11:29am
There were days with 320 pips.

Today the low to high is 334 pips ! May be this is record.
Intraday only.
  • #555,383
  • Oct 27, 2011 11:30am Oct 27, 2011 11:30am
this rally wipe out 1/2 of my account damn it. still trying to buy at the tip of the candle..

price has to correct itself somehow. ma10 on 15M is a good indication of reversal.
  • #555,384
  • Oct 27, 2011 11:30am Oct 27, 2011 11:30am
i'm back, sell at 4207 by manual and sell stop at 4186
I will wait until tomorrow or next week, TP depends on the current situation, for this time 4084 is my tp.
  • #555,385
  • Oct 27, 2011 11:30am Oct 27, 2011 11:30am
One thing for sure , if you don't have trading plan / strategy how you trade , and you just look at the chart and think - "ohhh it's realy overbought it must , it must go down ! ... " and you short , because you are believing that it "will" go down "it must..." - if you think that way then you are doomd to fail and you deserve it .
  • #555,386
  • Oct 27, 2011 11:35am Oct 27, 2011 11:35am
Quoting Obaidah
buying climax appears on EURUSD, sell at 1.4210, chart in a few
I believe that the marked bar on the following chart with that spike in volume and price closing near the lows accurately marks the top of today, Im expecting the price to drop or to go side ways AT BEST for now higher price looks impossible.

PS this entry is for scalping and it could mark a mid term top also, i'll watch closely during tokyo and i'll close some if the market shows some strength and set the rest to BE
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I recommend you read something else as this sentence is now concluded.
  • #555,387
  • Oct 27, 2011 11:37am Oct 27, 2011 11:37am
Quoting tankokjian
this rally wipe out 1/2 of my account damn it. still trying to buy at the tip of the candle..

price has to correct itself somehow. ma10 on 15M is a good indication of reversal.
this is a good time to stop
Trade responsiblypatience is the key/Swing trader
  • #555,388
  • Oct 27, 2011 11:37am Oct 27, 2011 11:37am
In some cases a perfect scenario plays out on cross-rates of the majors like Euro. Today it happened on eur/cad.

Pattern explanation
Attached Image (click to enlarge)
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Measure twice, cut once
  • #555,389
  • Oct 27, 2011 11:37am Oct 27, 2011 11:37am
Quoting LeanLowFx
One thing for sure , if you don't have trading plan / strategy how you trade , and you just look at the chart and think - "ohhh it's realy overbought it must , it must go down ! ... " and you short , because you are believing that it "will" go down "it must..." - if you think that way then you are doomd to fail and you deserve it .
Today is the day when you can threw all your charts away. At least for me ..... my charts are a pile of rubbish today.
The true fact is market doesn't care, risk mgt is important.
  • #555,390
  • Oct 27, 2011 11:38am Oct 27, 2011 11:38am
Wanna bet tomorrow we'll hear some fucked up which will lead to a sell off before the week end....well that'll be funny!

No wonder why we love FX
COT: The precious data ignored
  • #555,391
  • Oct 27, 2011 11:38am Oct 27, 2011 11:38am
Quoting screwup
i'm back, sell at 4207 by manual and sell stop at 4186
I will wait until tomorrow or next week, TP depends on the current situation, for this time 4084 is my tp.
first work up on terms like BUY and SELL
Trade responsiblypatience is the key/Swing trader
  • #555,392
  • Oct 27, 2011 11:39am Oct 27, 2011 11:39am
Quoting profx
Time for some rating agency b/s now !
Can almost smell it coming ... Yeehaw !

  • #555,393
  • Oct 27, 2011 11:40am Oct 27, 2011 11:40am
oh its overbought , price has to correct but i am doom to succeed haha. 300 pips with no apparent reasons , this seems like a coordinated move not reflecting market sentiments . my trading plan is to have no trading plans.

Quoting LeanLowFx
One thing for sure , if you don't have trading plan / strategy how you trade , and you just look at the chart and think - "ohhh it's realy overbought it must , it must go down ! ... " and you short , because you are believing that it "will" go down "it must..." - if you think that way then you are doomd to fail and you deserve it .
  • #555,394
  • Edited 11:56am Oct 27, 2011 11:41am | Edited 11:56am
i saw too many MC's today

probable weekly h&s in the making if it isnt bounce at the previous LTL, it might test UTL
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Verily, in every difficulties there is relief
  • #555,395
  • Oct 27, 2011 11:43am Oct 27, 2011 11:43am
one shit from EU and we can see this pair going rock bottom.


Quoting kuroro001
Wanna bet tomorrow we'll hear some fucked up which will lead to a sell off before the week end....well that'll be funny!

No wonder why we love FX
  • #555,396
  • Oct 27, 2011 11:46am Oct 27, 2011 11:46am
Quoting tankokjian
this rally wipe out 1/2 of my account damn it. still trying to buy at the tip of the candle..

price has to correct itself somehow. ma10 on 15M is a good indication of reversal.
The rally wipe out most of my account. Guess the newbie learns the hard way!
  • #555,397
  • Oct 27, 2011 11:46am Oct 27, 2011 11:46am
Quoting tankokjian
one shit from EU and we can see this pair going rock bottom.
The Euro has survived everything thrown at it in the past week, remember 1 month ago people were saying its finished and that Germany was secretly print Deutschmarks.
Maybe we all had it wrong and the euro is really bullet proof...
  • #555,398
  • Oct 27, 2011 11:49am Oct 27, 2011 11:49am
Long @ the big round juicy number 4200
In other news: A ranger was trapped between a bull and a bear
  • #555,399
  • Oct 27, 2011 11:49am Oct 27, 2011 11:49am
Quoting LeanLowFx
One thing for sure , if you don't have trading plan / strategy how you trade , and you just look at the chart and think - "ohhh it's realy overbought it must , it must go down ! ... " and you short , because you are believing that it "will" go down "it must..." - if you think that way then you are doomd to fail and you deserve it .

thank you on your opinion, I'm still learning, now I can go to bed, and let see tomorrow, how far it's going down. I'm looking at the daily chart...
cheer,
  • #555,400
  • Oct 27, 2011 11:52am Oct 27, 2011 11:52am
and still i am eager to short! nope, guess i'll wait for 1.4280... things will look clearer tomorrow.

no more trading today for me. uninstalling mt4 if necessary. LOL

green pips
dreams do come true.
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