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  • #558,241
  • Nov 4, 2011 5:44am Nov 4, 2011 5:44am
Quoting Jackthepiper
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.
added 10 to sl
  • #558,242
  • Nov 4, 2011 5:45am Nov 4, 2011 5:45am
Quoting cloggie
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.
So will you wait for a close beneath 3830 to join the retreat?
  • #558,243
  • Nov 4, 2011 5:45am Nov 4, 2011 5:45am
Quoting cloggie
Ah well, I've had my fun posting here for a bit, going to have a coffee break.
your posts are interesting and educative. keep it up cloggie. You are a little mean today.
Maximizing your potentials!
  • #558,244
  • Nov 4, 2011 5:46am Nov 4, 2011 5:46am
Quoting happytrader
just got stopped out! damn! it's really a bloody curse! i hate FOREX!
I'm not sure exactly what you doing, but it sounds a little like you buy/sell in the "middle" of something when there is room either way. Try to concentrate on levels where there is a little history of reversal.
  • #558,245
  • Nov 4, 2011 5:46am Nov 4, 2011 5:46am
Quoting Delite
So will you wait for a close beneath 3830 to join the retreat?

Not me, I am not going to scalp this, there is no larger trade setup to be seen anywhere on this pair just yet so I will pass. If the landscape changes and there is a stampede forming, I will change my mind and join the runner.
  • #558,246
  • Nov 4, 2011 5:46am Nov 4, 2011 5:46am
Quoting happytrader
just got stopped out! damn! it's really a bloody curse! i hate FOREX!
Use a manual SL and watch it closely - in a ranging market it will often come back your way - takes some balls though
  • #558,247
  • Nov 4, 2011 5:46am Nov 4, 2011 5:46am
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.
What about gunners piercing through 52 and then retreating back into the range, dont you think we should keep the fake heads in mind too, considering the overall daily trend is down?
In other news: A ranger was trapped between a bull and a bear
  • #558,248
  • Nov 4, 2011 5:47am Nov 4, 2011 5:47am
Quoting matt9824
Use a manual SL and watch it closely - in a ranging market it will often come back your way - takes some balls though
Having a too tight stop loss and make you loose in the long run as too many loosing trades even though they are small
  • #558,249
  • Nov 4, 2011 5:48am Nov 4, 2011 5:48am
Check and mate. The bears have held their ground.
  • #558,250
  • Nov 4, 2011 5:48am Nov 4, 2011 5:48am
Quoting cloggie
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.

See, we saw the little bar where the fight was getting tired that was blatantly obvious and we are now back on a retreat again on this momentum bar, now again we need to judge if this is just a regrouping or a full blown retreat, how do we know that? A follow up momentum bar, price pattern or range break to the down side.

Now if all that happens make a note of this 52 here, there is a big boy sitting up here and he is well defended.

Each and every bar tells a story, it is the resultant pictorial of the behaviour of the crowd. You just need to translate it correctly.
  • #558,251
  • Nov 4, 2011 5:50am Nov 4, 2011 5:50am
many thanks for the play by play commentary Cloggs...
  • #558,252
  • Nov 4, 2011 5:51am Nov 4, 2011 5:51am
Quoting Ultimate6
I'm not sure exactly what you doing, but it sounds a little like you buy/sell in the "middle" of something when there is room either way. Try to concentrate on levels where there is a little history of reversal.
For example, draw a line here at 3832, this is the area where the soldiers gather and have a little meeting to decide fight or retreat. Speculate there. 3840 is like no mans land, don't trade there.
  • #558,253
  • Nov 4, 2011 5:51am Nov 4, 2011 5:51am
Possible Reverse Head and Shoulder.

mla

Inserted Video
"The Heart is the hub of all dances; go there and chill out"
  • #558,254
  • Nov 4, 2011 5:51am Nov 4, 2011 5:51am
DAx30 slowly re gaining watch out, it might break out up site
Mohan
  • #558,255
  • Nov 4, 2011 5:51am Nov 4, 2011 5:51am
Quoting kuroro001
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 ?


wow........ur obviously jealous tt i profited a few mil. from this trade...........use ur brain..........i cannot buy any trades unless i close my order.......dumb d0g
I have past history of statements to justify what i say.
  • #558,256
  • Nov 4, 2011 5:52am Nov 4, 2011 5:52am
Quoting cloggie
now again we need to judge if this is just a regrouping or a full blown retreat, how do we know that? A follow up momentum bar, price pattern or range break to the down side.

.

No momentum, no price pattern, no range break, so this is not a full blown retreat, just a regrouping.
  • #558,257
  • Nov 4, 2011 5:53am Nov 4, 2011 5:53am
Quoting happytrader
just got stopped out! damn! it's really a bloody curse! i hate FOREX!
I gave up range trading long time ago, it's just not worth it in a 50 or less pip range. but if you must trade, try to enter on a full bullish candle or full bearish candle near the top and bottom of the range. Just make sure it is a small position and not an hour before major news. That has worked for me when I want to play with the market for fun and not trade
In other news: A ranger was trapped between a bull and a bear
  • #558,258
  • Nov 4, 2011 5:54am Nov 4, 2011 5:54am
Quoting cloggie
No momentum, no price pattern, no range break, so this is not a full blown retreat, just a regrouping.

See, told you, no retreat.

See how obvious it becomes when you look at it this way???? Doing this will keep you out of anticipated trades and setups that are not confimed, it should do wonders for your win/loss ratio.




Simples.



Time for some more coffee while we try once more for that 52
  • #558,259
  • Edited 6:15am Nov 4, 2011 5:55am | Edited 6:15am
sell eu 3846 sl 3866 above monthly open 3858
sell brent oil 112 08 sl 112 28
If you are new to Forex? Say Goodbye to your account!!
  • #558,260
  • Nov 4, 2011 5:55am Nov 4, 2011 5:55am
Quoting eu_trader
wow........ur obviously jealous tt i profited a few mil. from this trade...........use ur brain..........i cannot buy any trades unless i close my order.......dumb d0g
You didn't profit anything smart ass....when it went back to 1,3900 (your entry) you magically disappeared...then up to 1,4250...lost a few demo millions.

You cannot buy any more ? Margin call is calling you ?

And now you reappear saying let's go up... you are a freaking tool really.
Demo is not real money kiddo, don't tell me you didn't know that
COT: The precious data ignored
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