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  • #559,101
  • Nov 7, 2011 11:09am Nov 7, 2011 11:09am
Quoting Chillypiper
May take a Monday dump. Working on the retest now..

3731(32.6 of DPV) as my current fence to furthe down...
looks like failed head and shoulders as it looks like its formed 2 right shoulders
  • #559,102
  • Nov 7, 2011 11:12am Nov 7, 2011 11:12am
Gold is gaining some attention as of late sir. AU gaining some power too Cable is Chop!

Quoting kuroro001
I'm surprise not seeing another leg down to 1,3720 at least
  • #559,103
  • Nov 7, 2011 11:14am Nov 7, 2011 11:14am
Long 1.3748
  • #559,104
  • Nov 7, 2011 11:15am Nov 7, 2011 11:15am
Quoting cloggie
Price always reverts back to a mean during a day, unless there is a mass stampede caused by some serious news. Finding that mean keeps you on the right side of the moves, you either trade away from it or when it returns back to it. I tend to trade both directions. I rarely have a bias for the day.

We have been playing the same mean since last week, there is no significant news to change it yet to set up a new trend from here on out. We are ranging on the higher TF's and finding the pivot of the range, then using the lower TF's for your entries...
Hi Cloggie,
I understand perfectly that price usually goes back to its daily mean and that it is always easier to pick up a mean than a low or top for obvious reasons, however, what was your plan if price would have tried to retest the overnight high or last weeks high?

Just trying to understand where your stops were hiding if any?

Thanks
  • #559,105
  • Nov 7, 2011 11:17am Nov 7, 2011 11:17am
Not like this, Still right need competion..May be your right IDK...

Quoting Cypher
looks like failed head and shoulders as it looks like its formed 2 right shoulders
Attached Image (click to enlarge)
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  • #559,106
  • Nov 7, 2011 11:17am Nov 7, 2011 11:17am
its under the mp pivot, target 1,3720
  • #559,107
  • Nov 7, 2011 11:18am Nov 7, 2011 11:18am
SL hit -10
  • #559,108
  • Nov 7, 2011 11:26am Nov 7, 2011 11:26am
Quoting Wilfred
....price usually goes back to its daily mean and that it is always easier to pick up a mean than a low or top for obvious reasons, however, what was your plan if price would have tried to retest the overnight high or last weeks high?

Just trying to understand where your stops were hiding if any?

Thanks

Typically what would you say would have to happen if price gets too expensive or too cheap, and without any new information coming into the market?
Do your time and enjoy the ride...
  • #559,109
  • Nov 7, 2011 11:44am Nov 7, 2011 11:44am
Quoting Good Fortune
Typically what would you say would have to happen if price gets too expensive or too cheap, and without any new information coming into the market?
The market will seek equilibrium and back to the DPP?

But imagine I have put a sell order today as Cloggie at around 1.38 coming when price came down from 1.3814. S&P and EU Stoxx were at overnight highs, so I thought that 1.3840-50 was going to be tested reason why I did not put the order. What consequence would have had a last leg up to 1.3840 for Cloggie?
  • #559,110
  • Nov 7, 2011 11:45am Nov 7, 2011 11:45am
everybody busy looking at the monitor?
As Above, So Below
  • #559,111
  • Nov 7, 2011 11:49am Nov 7, 2011 11:49am
Quoting Wilfred
The market will seek equilibrium and back to the DPP?

But imagine I have put a sell order today as Cloggie at around 1.38 coming when price came down from 1.3814. S&P and EU Stoxx were at overnight highs, so I thought that 1.3840-50 was going to be tested reason why I did not put the order. What consequence would have had a last leg up to 1.3840 for Cloggie?

What factors would you have wanted to see to take us through those high's and even further?
Do your time and enjoy the ride...
  • #559,112
  • Nov 7, 2011 11:50am Nov 7, 2011 11:50am
Sell Limit 3812 for me.
  • #559,113
  • Nov 7, 2011 12:00pm Nov 7, 2011 12:00pm
Dow is holding on air it seems, surprising....11800 should be a good buying opp.
So is something around 1,371x for eurusd....it slowly going back up..time to make it drop a little bit more!
COT: The precious data ignored
  • #559,114
  • Nov 7, 2011 12:04pm Nov 7, 2011 12:04pm
Quoting Good Fortune
What factors would you have wanted to see to take us through those high's and even further?
Looking at the 5min candle closes, there were 2 red, I would have loved to see 2 green ones, a higher high at close of the hourly candle and close above 1.382x.

How did you play it?
  • #559,115
  • Nov 7, 2011 12:15pm Nov 7, 2011 12:15pm
Big sellers are seeking for a safe price to sell.
Safe price mean a point where bull will be unable to hold. This could be 39xx

3850 is not a safe place for them.
You cannot learn better without losing
  • #559,116
  • Nov 7, 2011 12:22pm Nov 7, 2011 12:22pm
Quoting forexings
Big sellers are seeking for a safe price to sell.
Safe price mean a point where bull will be unable to hold. This could be 39xx

3850 is not a safe place for them.
So, you believe that the range in higher TF's is 1.362x - 1.396x?
  • #559,117
  • Nov 7, 2011 12:26pm Nov 7, 2011 12:26pm
Quoting forexings
Big sellers are seeking for a safe price to sell.
Safe price mean a point where bull will be unable to hold. This could be 39xx

3850 is not a safe place for them.
May be for them but trap goes to 3606-3585 for validation or bounce to that level perhaps next for us .next day to see if there .gold pushing up breaking the limit 1763 making it hard to fall faster .
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #559,118
  • Nov 7, 2011 12:27pm Nov 7, 2011 12:27pm
i don't usually trade after london close, got fed up, closed all trades for 38pips just outside supply area on the M1, going to make some food then going to get in the que for modern warfare 3 midnight launch

bye all
Attached Image (click to enlarge)
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  • #559,119
  • Nov 7, 2011 12:36pm Nov 7, 2011 12:36pm
Quoting Wilfred
Looking at the 5min candle closes, there were 2 red, I would have loved to see 2 green ones, a higher high at close of the hourly candle and close above 1.382x.

How did you play it?
Faded the extreme. Nothing new imo to take us much higher then... Also was getting near key session times.
Do your time and enjoy the ride...
  • #559,120
  • Nov 7, 2011 12:45pm Nov 7, 2011 12:45pm
Quoting forexings
Big sellers are seeking for a safe price to sell.
Safe price mean a point where bull will be unable to hold. This could be 39xx

3850 is not a safe place for them.
I have a 0.025 lot sell limit at 1.3963 with 67 pips s/l
I have another 0.025 lots sell limist at 1.4240 witl 67 pips s/l and I have a 0.025 lots sell limit at 1.4440 with no s/l
I did not trade any EU since November, only short EC last fri and i am still waiting for a higher price to sell.
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