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  • #561,221
  • Nov 11, 2011 5:06pm Nov 11, 2011 5:06pm
Quoting Kiyani
@boy

not sure what you mean, typo?
Kiyani_sorry im inadvertently removed my previous post ;/
  • #561,222
  • Nov 11, 2011 5:22pm Nov 11, 2011 5:22pm
Quoting Kiyani
1.3380-1.3400 initial target
then as far as 1.3260 and followed by 1.3145
Me thinks your R:R is a little outa WHACK...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #561,223
  • Nov 11, 2011 5:25pm Nov 11, 2011 5:25pm
Quoting boy
i like this structures... but in crisis we have to be careful in watching it
i'm not sure i understand your graph, are you suggesting the bulls will still be in the game a little while longer before the bears kick in again? if so, how far do you anticipate the rally to go befoe it runs out of steam?
  • #561,224
  • Nov 11, 2011 5:27pm Nov 11, 2011 5:27pm
Quoting Kiyani
i am holding a short from 1.3485 with a sl at 1.3880


who is more crazy?


the market or me?
I would move the sl to 1.4485, a nice round 1000 pips, just to make sure it doesn't get hit.
And if it gets hit, just announce proudly that you had a 1000 pip trade, just don't tell anyone that you were on the wrong side.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #561,225
  • Nov 11, 2011 5:28pm Nov 11, 2011 5:28pm
Quoting Magix
Me thinks your R:R is a little outa WHACK...

in your opinion, what should my R:R be?

alternatively what would you suggest?
  • #561,226
  • Nov 11, 2011 5:36pm Nov 11, 2011 5:36pm
Quoting KillerWhale
I would move the sl to 1.4485, a nice round 1000 pips, just to make sure it doesn't get hit.
And if it gets hit, just announce proudly that you had a 1000 pip trade, just don't tell anyone that you were on the wrong side.
Now that's funny!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #561,227
  • Nov 11, 2011 5:43pm Nov 11, 2011 5:43pm
Quoting Kiyani
in your opinion, what should my R:R be?

alternatively what would you suggest?
It's not my opinion that matters here my friend, it is what your account can handle that is.

There are several different ways to trade and definitely several different time frames to trade from. What I call profit and what you call profit, just may not be the same.

I work off of a faster time frame and really don't see a reason to drip a trade a few hun before looking to prosper a brownie...but again, that is just me.

Personally, I am still short of mind as well, keeping in mind that TK was on holidays when the yearly lows were sold, but this bitch still manages to keep afloat somehow...

Currently, we are stuck at the H4 200EMA, which means we are still short no matter how fast we got here, but that don't mean that I am loading the boat with arbitrary shorts at this level. Yeah, 6 mins after London closed I padded my account with a few skorties but certainly was not comfortable holding the bitches over the weekend.

The idea that a day that bought up 216ish pips from bottom to go directly into sells come the new week doesn't really make much sense, but hey, neither did the entire monkey fightin week, so really, who knows?

If ya can suffer through holding a 300 pip strike in your account, you are a tougher guy then I, don't let the comments get to ya...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #561,228
  • Nov 11, 2011 5:48pm Nov 11, 2011 5:48pm
Quoting KillerWhale
I would move the sl to 1.4485, a nice round 1000 pips, just to make sure it doesn't get hit.
And if it gets hit, just announce proudly that you had a 1000 pip trade, just don't tell anyone that you were on the wrong side.
you have that must hope in the euro? we're on a downward channel so good luck.

i may just consider moving my sl to 1.40 though i doubt it'll get that far. just the other week i held on to my short at 1.3740, went as far as 1.4247 where i was able to add to my position. it nicely dropped over 600 pips.
  • #561,229
  • Nov 11, 2011 5:52pm Nov 11, 2011 5:52pm
Quoting Kiyani
you have that must hope in the euro? we're on a downward channel so good luck.

i may just consider moving my sl to 1.40 though i doubt it'll get that far. just the other week i held on to my short at 1.3740, went as far as 1.4247 where i was able to add to my position. it nicely dropped over 600 pips.
Your broker doesn't have a buy button dude?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #561,230
  • Nov 11, 2011 5:57pm Nov 11, 2011 5:57pm
Quoting Magix
Your broker doesn't have a buy button dude?
to go short is a safer bet... i'd have to let go over 260 pips to go long and who is to say the pair will continue to rally given the state of the ez crisis?
  • #561,231
  • Nov 11, 2011 6:05pm Nov 11, 2011 6:05pm
this is essentially the inverse of euro but looks better technically
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Don't have an ego. Always question yourself and your ability.
  • #561,232
  • Nov 11, 2011 9:39pm Nov 11, 2011 9:39pm
We've now broken and retested a daily/weekly trendline and also have broken from a bearish consolidation pattern. The possibility is there for this move to be just a very sharp correction leading up to a very steep decline. I'm playing for this scenario:
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Don't have an ego. Always question yourself and your ability.
  • #561,233
  • Nov 11, 2011 9:46pm Nov 11, 2011 9:46pm
Anyone know where I can get live feed of stock indices, bond yields and stuffs like that?
  • #561,234
  • Nov 11, 2011 10:02pm Nov 11, 2011 10:02pm
anyone a fan of RSI? looks like the trendline is holding and support was broken and retested..
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Don't have an ego. Always question yourself and your ability.
  • #561,235
  • Nov 11, 2011 10:09pm Nov 11, 2011 10:09pm
Quoting RamsesII
anyone a fan of RSI? looks like the trendline is holding and support was broken and retested..
My chart shows a retest of the broken bear flag, the rally got stopped out at 95 and the fall back was capped just before re entering the downward channel
  • #561,236
  • Nov 11, 2011 10:12pm Nov 11, 2011 10:12pm
Quoting jayjb
My chart shows a retest of the broken bear flag, the rally got stopped out at 95 and the fall back was capped just before re entering the downward channel
yea the potential is there for a runner, let's see how she plays out
Don't have an ego. Always question yourself and your ability.
  • #561,237
  • Nov 11, 2011 10:26pm Nov 11, 2011 10:26pm
Quoting RamsesII
yea the potential is there for a runner, let's see how she plays out
Hello

How do you think this 4H
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  • #561,238
  • Edited 10:58pm Nov 11, 2011 10:54pm | Edited 10:58pm
Quoting FXMindset
Hello

How do you think this 4H
while we did close above that trendline, i don't think it starts making sense to be bullish until at least 3858 is taken out and we close above the bull channel trendline.
Don't have an ego. Always question yourself and your ability.
  • #561,239
  • Nov 11, 2011 10:57pm Nov 11, 2011 10:57pm
Quoting RamsesII
while we did close above that trendline, i don't think it starts making sense to be bullish until at least 3658 is taken out and we close above the bull channel trendline.
3658? I tried open you chart but when open it show half picture only -
If there was easy money lying around,no one would be forcing it into your
  • #561,240
  • Nov 11, 2011 11:00pm Nov 11, 2011 11:00pm
Above 3858, the following elliott wave count will also become invalid.. with the c wave thrust from the b playing out nicely.. risk is clearly defined on this trade..
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Don't have an ego. Always question yourself and your ability.
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