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  • #557,361
  • Nov 2, 2011 8:54pm Nov 2, 2011 8:54pm
Quoting Kowalczyk
Actually, if you know the right patterns, they can be a great indicator of what is to come. Usually, I don't trade of the 1m but they will often tell you if a trend line will break or hold, among other things.
fair enough man, im just not very eager to keep longing in these conditions based on a 1m chart.. best of luck to you though
  • #557,362
  • Nov 2, 2011 8:58pm Nov 2, 2011 8:58pm
been short since 4123. i am looking for another short entry though.
it's been my experience that most triangles break opposite of entry (continuance).
i start looking for reversal when i see a diagonal.
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #557,363
  • Nov 2, 2011 9:02pm Nov 2, 2011 9:02pm
Quoting taxe91
dont bother trying to look for formations on the 1M charts on volatile days/weeks like this. the choppy PA will kill you
All these little moves are scalpable for 5-10 pips each.

Attached Image (click to enlarge)
Click to Enlarge Name: 12345.jpg Size: 121 KB
  • #557,364
  • Nov 2, 2011 9:03pm Nov 2, 2011 9:03pm
maybe time to buy now to scalp
As Above, So Below
  • #557,365
  • Nov 2, 2011 9:08pm Nov 2, 2011 9:08pm
Good point.
But I would rather short when it hits the top.
Maybe around 1.3700.

Quoting tashkent
maybe time to buy now to scalp
  • #557,366
  • Nov 2, 2011 9:14pm Nov 2, 2011 9:14pm
trend continue until hits 1.3271 target.... or near that zone then reversal!! according to my analysis! lets see how it goes! shorting SP500 mini's also (H&S pattern) (no relation at all but just saying)
  • #557,367
  • Nov 2, 2011 9:16pm Nov 2, 2011 9:16pm
Just notice that today is a Japanese Bank Holiday!
  • #557,368
  • Nov 2, 2011 9:18pm Nov 2, 2011 9:18pm
Quoting Kowalczyk
All these little moves are scalpable for 5-10 pips each.

Attachment
i'm not trying to offend but you are teaching some very bad habits to people that are trying to learn something here. your own chart shows a very clear down trend. if i would've sold every time that you said "long", i'd have another 100+ pips right now. the previous triangle was a nice SHORT scalp opportunity but other than that i see no good entries at the moment.
again, not trying to offend.
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #557,369
  • Nov 2, 2011 9:20pm Nov 2, 2011 9:20pm
Quoting jeeper
i'm not trying to offend but you are teaching some very bad habits to people that are trying to learn something here. your own chart shows a very clear down trend. if i would've sold every time that you said "long", i'd have another 100+ pips right now. the previous triangle was a nice SHORT scalp opportunity but other than that i see no good entries at the moment.
again, not trying to offend.
Tuché
  • #557,370
  • Nov 2, 2011 9:22pm Nov 2, 2011 9:22pm
Quoting jeeper
i'm not trying to offend but you are teaching some very bad habits to people that are trying to learn something here. your own chart shows a very clear down trend. if i would've sold every time that you said "long", i'd have another 100+ pips right now. the previous triangle was a nice SHORT scalp opportunity but other than that i see no good entries at the moment.
again, not trying to offend.
You are entitled to your own opinion. If you read my previous posts, you would know that I am long medium term, that is probably for another couple of days. Just because I am long medium term, does not mean that I can not go short short term. Also, every time (except the last one) I said we are going up we did and retested the upper trend line.
  • #557,371
  • Nov 2, 2011 9:30pm Nov 2, 2011 9:30pm
The key point is if I short now, where is the SL.

Quoting gino32
trend continue until hits 1.3271 target.... or near that zone then reversal!! according to my analysis! lets see how it goes! shorting SP500 mini's also (H&S pattern) (no relation at all but just saying)
  • #557,372
  • Nov 2, 2011 9:37pm Nov 2, 2011 9:37pm
Quoting almonleng
The key point is if I short now, where is the SL.
My Stop Is 1.3713 Right Above The Previous High
  • #557,373
  • Nov 2, 2011 9:38pm Nov 2, 2011 9:38pm
Quoting almonleng
The key point is if I short now, where is the SL.
above upper TL but i would wait for a better entry.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 21 KB
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #557,374
  • Nov 2, 2011 9:39pm Nov 2, 2011 9:39pm
If it wasn't for the Greek divorcing from the Eurozone press conference, I'd be looking to go long here.
Yay! Pips for everyone!
  • #557,375
  • Nov 2, 2011 9:41pm Nov 2, 2011 9:41pm
Looks like 1.3680x is offering resistance in the last couple hours. Still 20 minutes until 1H bar close though so we'll see how well price can stay below this level. My targets for short are still clean breaks below the 1.3650 and 1.3630 areas.
  • #557,376
  • Edited 10:21pm Nov 2, 2011 9:49pm | Edited 10:21pm
Greek 2 year bond 96.685 anyone want to buy @ 99.99 %

http://www.bloomberg.com/apps/quote?ticker=GGGB2YR:IND

Edit : next 3 1/2 hours are critical , stop hunt may run
Mohan
  • #557,377
  • Nov 2, 2011 9:49pm Nov 2, 2011 9:49pm
here is the diagonal formation that i mentioned earlier. it usually signals a reversal and offers a good entry point. often there is a false breakout on the bottom and an abrupt reversal through the top. looks like it could go straight up from here though.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 16 KB
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #557,378
  • Nov 2, 2011 9:52pm Nov 2, 2011 9:52pm
For me short again if we break 1.3660 or a careful long above 1.3690
  • #557,379
  • Nov 2, 2011 10:17pm Nov 2, 2011 10:17pm
Quoting almonleng
Just notice that today is a Japanese Bank Holiday!


I sitting this out till London opens.
  • #557,380
  • Nov 2, 2011 10:21pm Nov 2, 2011 10:21pm
Be Careful here anyone going short,
it may goto 3800 again today or tomorrow
Good Luck.
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