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  • #558,221
  • Nov 4, 2011 5:30am Nov 4, 2011 5:30am
Quoting Delite
At what point do you decide that the stop runners have given up the battle? I mean judging a reversal versus a retrace?

Price patterns, momentum, range breaks, there are loads of ways to tell that a fight has been lost. A bit of news always helps too.
  • #558,222
  • Nov 4, 2011 5:31am Nov 4, 2011 5:31am
Quoting cloggie
Price patterns, momentum, range breaks, there are loads of ways to tell that a fight has been lost. A bit of news always helps too.

Like now?
  • #558,223
  • Nov 4, 2011 5:31am Nov 4, 2011 5:31am
Quoting cloggie
We know some traders want that 52, why and how do we know that, we did not see a "wet cat of an electric fence" bounce, that is telling us that we did not see and en masse change of play here, so the opportunist are now joining the little herd here to see how bad those 52 guys really want them and how many of them are left up there, quite a few of them would have ran for the exits, now let's see how big the remainder of them are.

On the ramparts, archers to the ready, pound your shields, we are gunning for you, let's see what you got, you've...
You have an interesting way of looking at it. Though i cannot say i disagree for the most part.
  • #558,224
  • Nov 4, 2011 5:31am Nov 4, 2011 5:31am
this is like my fourth short since yesterday...all of which stopped at BE or .5pip loss. luckily this is the highest price I've shorted from @ 42 Sl @ 60... dont wanna be in this trade if this thing pops. 200 EMA still in play from yesterday. Note: fib lines drawn on the hourly and 4hr are from 2 different highs.
38% on 4hr is at 3850. 50 EMA is around 3845, 4hr macd is bullish. We are either making new highs for the month or we are crashing to new lows next week.
Attached Image(s) (click to enlarge)
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  • #558,225
  • Nov 4, 2011 5:32am Nov 4, 2011 5:32am
Quoting cloggie
Price patterns, momentum, range breaks, .

And here we got all 3, the ramparts are holding, the pitch thrown from the towers has scared away the hunters for now. Now you need to judge to see if this is just a retreat to regroup or are they moving away from the battlefield all together, how do we do that? Same way, price patterns, momentum and range breaks.
  • #558,226
  • Nov 4, 2011 5:32am Nov 4, 2011 5:32am
Quoting happytrader
i don't know what's wrong with me or my luck! every time i enter a trade, it usually goes well for 10 pips and then reverse to my SL.

it's like a curse !!!! i'm damn frustrated!!!!
10 pips in this ranging market is good! - I have been scalping for 5-10 per trade
  • #558,227
  • Nov 4, 2011 5:33am Nov 4, 2011 5:33am
Gray lines:

Last D1 High
Last MN1 Close
Last D1 Close
etc.

Might be helpfull to spot some stops...
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  • #558,228
  • Nov 4, 2011 5:34am Nov 4, 2011 5:34am
Ah well, I've had my fun posting here for a bit, going to have a coffee break.
  • #558,229
  • Nov 4, 2011 5:35am Nov 4, 2011 5:35am
Quoting matt9824
10 pips in this ranging market is good! - I have been scalping for 5-10 per trade
just got stopped out! damn! it's really a bloody curse! i hate FOREX!
  • #558,230
  • Nov 4, 2011 5:36am Nov 4, 2011 5:36am
Quoting cloggie
And here we got all 3, the ramparts are holding, the pitch thrown from the towers has scared away the hunters for now. Now you need to judge to see if this is just a retreat to regroup or are they moving away from the battlefield all together, how do we do that? Same way, price patterns, momentum and range breaks.

Ah look another momentum bar, so this was just a regrouping, they got the courage and the reinforcements to have another go, let's see how many of them are left on the ramparts and how well stocked their armoury still is.......
  • #558,231
  • Nov 4, 2011 5:36am Nov 4, 2011 5:36am
don't be surprised.....euro will cont to get stronger and this pair will go up another 200-300pips
I have past history of statements to justify what i say.
  • #558,232
  • Nov 4, 2011 5:38am Nov 4, 2011 5:38am
Quoting cloggie
Ah look another momentum bar, so this was just a regrouping, they got the courage and the reinforcements to have another go, let's see how many of them are left on the ramparts and how well stocked their armoury still is.......

2 momentum bars in a row on the 5, not looking good for the stop holders, we got quite a few speculators joining the battle here, let's see how big the boys are holding those stops, we still can't tell the size of them, they are hidden inside their reinforced fort, but once we breach the walls with a good test we will be able to tell the size of them pretty quickly and if we can overpower them, we will not see a retest of the level but some good momentum bars to barge right through.
  • #558,233
  • Nov 4, 2011 5:39am Nov 4, 2011 5:39am
Quoting eu_trader
don't be surprised.....euro will cont to get stronger and this pair will go up another 200-300pips
haha there he is!
What about your short 1,3900 targeting 1,3300 for 12millions of bucks ?

You must have lost your account, back to mini account ?
COT: The precious data ignored
  • #558,234
  • Nov 4, 2011 5:39am Nov 4, 2011 5:39am
Quoting cloggie
Ah look another momentum bar, so this was just a regrouping, they got the courage and the reinforcements to have another go, let's see how many of them are left on the ramparts and how well stocked their armoury still is.......

Really pleased to have caught your posts this morning. Thanks.
  • #558,235
  • Nov 4, 2011 5:40am Nov 4, 2011 5:40am
Quoting cloggie
2 momentum bars in a row on the 5, not looking good for the stop holders, we got quite a few speculators joining the battle here, let's see how big the boys are holding those stops, we still can't tell the size of them, they are hidden inside their reinforced fort, but once we breach the walls with a good test we will be able to tell the size of them pretty quickly and if we can overpower them, we will not see a retest of the level but some good momentum bars to barge right through.

Darn they're big'uns, they put up a good resistance here, we are not giving up though, no momentum in the retreat, we are still knocking on the walls of the fort here.
  • #558,236
  • Nov 4, 2011 5:40am Nov 4, 2011 5:40am
Quoting happytrader
unbelievable. you're damn good. NO LOSING TRADE AT ALL!

nob me, but mr. cloggie is the best trader.
  • #558,237
  • Nov 4, 2011 5:41am Nov 4, 2011 5:41am
Quoting eu_trader
don't be surprised.....euro will cont to get stronger and this pair will go up another 200-300pips
You dream too much. Even if we do pass 1.3852, how much do you really think is left in the gas tank. Not to mention the channel utl is at 1.3870, and we have not even tested our daily pivot point. If your a technical trader, the 1h has bearish divergence.
  • #558,238
  • Nov 4, 2011 5:41am Nov 4, 2011 5:41am
Quoting Delite
Really pleased to have caught your posts this morning. Thanks.

We are ranging, so I don't trade much, I only like the bigger 100-200 pip runs, not the puny stuff, and the muppets are sitting down in the back so I am enjoying this here.
  • #558,239
  • Nov 4, 2011 5:42am Nov 4, 2011 5:42am
Quoting cloggie
Darn they're big'uns, they put up a good resistance here, we are not giving up though, no momentum in the retreat, we are still knocking on the walls of the fort here.

We are getting tired though, that last little bar on the 5 has little left in her, are we going to give up the battle here? Don't know yet, no momentum yet on the retreat, give it a few minutes.
  • #558,240
  • Nov 4, 2011 5:44am Nov 4, 2011 5:44am
I use a bit of a different analogy, but it is a really good way to look at price action as it describes really well what is going on and you can easily relate that to your charts.

The key for the whole battle though was knowing that 52 was up here in the first place, that is where you need to start from, the rest then becomes glaringly obvious just by watching the bars.
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