Just closed my position, around 1.3845, 50 pip scalp from 1.3895. I was too scared to short yesterday, mainly because i thought it was still bullish trend..
Now I'm waiting for a rebound to short again.
Can someone suggest a good resistance level?
- #6,623
- Oct 31, 2011 1:00pm Oct 31, 2011 1:00pm
My scalping system showed a clear downtrend on all charts developing at 1.3930. I strongly advise you to monitor it at least! 100 pip move in the last hour and a half! Not trying to be boastful I'm trying to be helpful!
Already asked via PM, but in case you didn't notice 
Right now my call would be... some retracement perhaps. Note: Affected by the fact I still posess some oli longs. But as PT said, some retracement should occur. Asian ahead, and how often in a week can BOJ intervene, huh
? Especially when Fed comes and simply tells them to 'guess-what' off. Or some other Soross tells "Haha, gotcha!". Sometimes even a CBank gets hit.ADD: OOps, my oil chart changed its mind. Now Oil drops when EUR stalls. xD
- #6,625
- Oct 31, 2011 1:03pm Oct 31, 2011 1:03pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #6,627
- Oct 31, 2011 1:03pm Oct 31, 2011 1:03pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
hows everyone doing?
83 pips of short TP hit.
for those who dont know i experienced a black swan sort of event in which the server updated, and the order windows is usually set to 0.02 because i trade that most of the time. it resets to 1.00 and i was losing 20 pips = $200 when i shorted it, and tried to close it as fast as possible. and thats as fast as i got.
so now i got the $24.90 and i have a short too on eur gbp worth right now at $10.29 profit.
its tough knowing we make such ignorances but only the tough survive in forex.
good luck everyone, i hope no one went long...
83 pips of short TP hit.
for those who dont know i experienced a black swan sort of event in which the server updated, and the order windows is usually set to 0.02 because i trade that most of the time. it resets to 1.00 and i was losing 20 pips = $200 when i shorted it, and tried to close it as fast as possible. and thats as fast as i got.
so now i got the $24.90 and i have a short too on eur gbp worth right now at $10.29 profit.
its tough knowing we make such ignorances but only the tough survive in forex.
good luck everyone, i hope no one went long...
Have I got something on my face, SOLDIER?
- #6,629
- Oct 31, 2011 1:06pm Oct 31, 2011 1:06pm
Seems like it is a must-see system
Right now my call would be... some retracement perhaps. Note: Affected by the fact I still posess some oli longs. But as PT said, some retracement should occur. Asian ahead, and how often in a week can BOJ intervene, huh
ADD: OOps, my oil chart changed its mind. Now...
I got one old hedge removed, but I still have a another buy to close, so I surely hope some retracement... but It should get down a little before that - some 30 pips so I'll get my shorts zipped in
- #6,631
- Oct 31, 2011 1:11pm Oct 31, 2011 1:11pm
I replied Blobik? I'll resend it if you definitely didnt get it?
I need to say, that I see EUR is not eager to go up, and oil doesn't show recovery, so it may skip retesting broken support turned resistance. But it is very early to say, so maybe I am wrong - I'd love to be wrong this time, to get some more shorts
Attempting to build a ladder here, but probably it will get crushed on Wednesday (I think there is a significant risk of additional rally cause of QE speculation just before the FOMC).
- #6,632
- Oct 31, 2011 1:12pm Oct 31, 2011 1:12pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
I got one old hedge removed, but I still have a another buy to close, so I surely hope some retracement... but It should get down a little before that - some 30 pips so I'll get my shorts zipped in
If there was easy money lying around,no one would be forcing it into your
- #6,635
- Oct 31, 2011 1:18pm Oct 31, 2011 1:18pm
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
good luck everyone, i hope no one went long...
Pbh
- #6,637
- Oct 31, 2011 1:21pm Oct 31, 2011 1:21pm
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #6,639
- Oct 31, 2011 1:28pm Oct 31, 2011 1:28pm
I'm Just Lucky
Today we got a decisive break of the trendline, so perhaps the best EUR can do is retest it... But, never underestimate the power of US Fed. And power of expectations, "what might it do". I think this will be the main reason pushing EUR up in next two days (if it gets any push), and it is what makes supports stronger than they should be.
ADD: On the other hand, I just watched daily again... If this is not ultra-bearish pattern, than it means EUR is protected with some black magic and is pattern-proof. I mean, if we don't get some amazing rally up tomorrow, then it looks like the uptrend is broken, and there is no returning back above 1.40. But, again.. QE horns may create a false break.
If so, we will get loaded... With beautiful shorts. FXMindset will get some bears company on his cosy high level
If not, we we will get loaded with shorts on retracements. Either way is great for me. If we get more uptrend... Then I call this thing a black magic and probably move to demo... Or, trash my account completely and then move to demo.
- #6,640
- Oct 31, 2011 1:30pm Oct 31, 2011 1:30pm
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
Not a bad day... Or month for that matter. Profit for October +27.6%
3 Kiwi$ short +189 combined
1 piece of E$ short for +101
2 pieces of E$ short +244 pips....... each piece
1 EJ short for +105,
1 $J short -26 pips
1 GBP$ short -20 pips
1 GBP$ short again -20 pips
Smashing levels and making some nice fresh ones for me to possibly trade later and dropping right into a nice demand level on the hourly I was keeping an eye on right at the 38.2 fib everyone was watching around 1.3820. She finished retracing about 100% of last thursday's drunken rally with todays hangover.
I'm flat as of the NY close.
3 Kiwi$ short +189 combined
1 piece of E$ short for +101
2 pieces of E$ short +244 pips....... each piece
1 EJ short for +105,
1 $J short -26 pips
1 GBP$ short -20 pips
1 GBP$ short again -20 pips
Smashing levels and making some nice fresh ones for me to possibly trade later and dropping right into a nice demand level on the hourly I was keeping an eye on right at the 38.2 fib everyone was watching around 1.3820. She finished retracing about 100% of last thursday's drunken rally with todays hangover.
I'm flat as of the NY close.
I don't care which way the market is going as long as it's going my way