Now this is going to be marubozu. I am going for port 
"I know one thing, that I know nothing." Sokrates
- #10,081
- Nov 16, 2011 2:58pm Nov 16, 2011 2:58pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
- #10,082
- Nov 16, 2011 2:58pm Nov 16, 2011 2:58pm
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
Maybe, maybe not
.
That chart looks a lot like the E$ weekly chart.
I don't care which way the market is going as long as it's going my way
- #10,083
- Nov 16, 2011 3:00pm Nov 16, 2011 3:00pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #10,084
- Nov 16, 2011 3:03pm Nov 16, 2011 3:03pm
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
I don't care which way the market is going as long as it's going my way
- #10,085
- Nov 16, 2011 3:03pm Nov 16, 2011 3:03pm
Hmm, price slowed down, but it seems like we broke some trendline on lower TF and came back to retest it from the bottom. here is my 15M chart. 15M TF might be not very reliable, but if I understood THV manual well, then higher TFs don't look bullish either I was thinking for a while about taking profit as I thought it might be sort of a double bottom forming, but now I noticed some signals that tell me to keep it for a while. If we don't make a double bottom on 1.343 level, then we might be dropping right to the lower areas.
Tom, I am jealous, you will soon get loaded with your 'short-like-a-mad-maniac' strategy. Still, I am the head-moron here, why don't I short like a moron
?
I was thinking for a while about taking profit as I thought it might be sort of a double bottom forming, but now I noticed some signals that tell me to keep it for a while. If we don't make a double bottom on 1.343 level, then we might be dropping right to the lower areas. Tom, I am jealous, you will soon get loaded with your 'short-like-a-mad-maniac' strategy. Still, I am the head-moron here, why don't I short like a moron
?
- #10,086
- Nov 16, 2011 3:03pm Nov 16, 2011 3:03pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #10,087
- Nov 16, 2011 3:07pm Nov 16, 2011 3:07pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
...
Tom, I am jealous, you will soon get loaded with your 'short-like-a-mad-maniac' strategy. Still, I am the head-moron here, why don't I short like a moron
Edit: btw, I was shorting like moron and taking risk while Gofer and PK were waiting for the same trade.
"I know one thing, that I know nothing." Sokrates
- #10,088
- Nov 16, 2011 3:10pm Nov 16, 2011 3:10pm
Why jealous, why moron? You aint happy with your 3502 short? It is going down, isnt it?
Sorry if not funny, I keep trying but sometimes my jokes suck.
Now something serious (partially): Well, good job, congrats, I got chicken at 1.354 level and pulled out my short too early, If I didn't you could charge me with violating your author rights right now
ADD: If we make lower low, then, gosh downtrend is extremely powerful, we didn't even retrace up to 38 fib! I remind myself of "Things that make you go hmm" and the story of a ship that was holding above the water quite long until it finally sunk almost immediately with no warning...
ADD2: And I always think of myself in bad words when I remind myself about 1.38 short on the weeks opening that I pulled off. Man, what a shame. If I didn't, I would be shorting even harder than you, perhaps
But, there is no point to cry over it, it happend and won't be undone, so I just took a note not to make reckless exits and try to move on into some better trades.
- #10,089
- Nov 16, 2011 3:12pm Nov 16, 2011 3:12pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #10,090
- Nov 16, 2011 3:16pm Nov 16, 2011 3:16pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #10,091
- Nov 16, 2011 3:19pm Nov 16, 2011 3:19pm
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
There's far greater risk to the up side than the down side.....
On the down side the bleeding stops at "0"
Inserted Video
I don't care which way the market is going as long as it's going my way
- #10,092
- Nov 16, 2011 3:20pm Nov 16, 2011 3:20pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
Price seems to be slowing down and I suppose it will be even slower on the Asian session. Calling the day off.
14 trades, 12 winners, 2 losers (both longs, got hit on the SL). On the winners, 8 shorts and 4 longs (the longs during London, of course).
The triangle broke down, but my take is that the price will stop around 1.34 area and channel until tomorrow, London time (further news, or big guys play ).
14 trades, 12 winners, 2 losers (both longs, got hit on the SL). On the winners, 8 shorts and 4 longs (the longs during London, of course).
The triangle broke down, but my take is that the price will stop around 1.34 area and channel until tomorrow, London time (further news, or big guys play
).
- #10,094
- Nov 16, 2011 3:23pm Nov 16, 2011 3:23pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Isnt this just lovely chart? I think I am going to put it as wallpaper.
Ok sry for spamming again PT. But I am happy and that fall is beautifull.
Nothing makes me happier... congrats buddy
Those who say it cannot be done should not interrupt those who are doing it
- #10,095
- Nov 16, 2011 3:24pm Nov 16, 2011 3:24pm
Isnt this just lovely chart? I think I am going to put it as wallpaper.
Ok sry for spamming again PT. But I am happy and that fall is beautifull.
- #10,096
- Nov 16, 2011 3:25pm Nov 16, 2011 3:25pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
There's far greater risk to the up side than the down side.....
On the down side the bleeding stops at "0"
Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
- #10,097
- Nov 16, 2011 3:30pm Nov 16, 2011 3:30pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
If we keep going on like that, I will attempt to build mine lovely short ladder
Today we ranged and we didn't break this morning's low.
So, if it swings up again overnight, you will have another opportunity to enter.
Things are getting worse now and in my opinion, we have gone beyond the point of no return.
All we will get now is retraces. This sucker will see the 1.20xx handle soon.
So, sell on rallies and don't chicken out again.
I'm with you man. I have two shorts in the 1.3766/7 level but I would like to build another level of shorts. I set the plan and put in the limit order but price is afraid of me. I am patient but now my patience is running thin. Later I will move my limit order down to just below the daily pivot (once it is formed)
Those who say it cannot be done should not interrupt those who are doing it
- #10,099
- Nov 16, 2011 3:42pm Nov 16, 2011 3:42pm
Blobik
Today we ranged and we didn't break this morning's low.
So, if it swings up again overnight, you will have another opportunity to enter.
Things are getting worse now and in my opinion, we have gone beyond the point of no return.
All we will get now is retraces. This sucker will see the 1.20xx handle soon.
So, sell on rallies and don't chicken out again.
I'm with you man. I have two shorts in the 1.3766/7 level but I would like to build another level of shorts. I set the plan and put in the limit order but price is afraid of me. I am...
. Btw, how we measure "today" in forex - what is the most common time? Cause I just reminded myself, that my daily is not everyones daily, so on my chart daily candle may be bearish, and even though it still has 1,5 hr to close on sb else chart it might have closed much higher, looking quite bullish in this case.
She slowed down now as NY closed, but I wouldn't got surprised if she got close to the lows in next 1,5 hrs. Not very probable, but with EUR everything is possible. So I start to think, is there any TZ that daily close would be preferrable?
Ah, time will tell where she goes. Right now oil got tired with it skyrocketing and seems to be going a bit lower in a while. If USD won't start dropping heavily during Asian, maybe I will get nice long opportunity on oil. (If the EURUSD will finally show the will to make this correction properly).
Anyway, thanks for cooling optimism down. But I don't plan on entering shorts unless we get retrace above 1.36 or drop to 1.33 and retrace from there. In general, If I will be building my ladder then I will perhaps use lower swings high that will already look like forming (some nice candle pattern fully formed, for example). I think in this case entering a bit later will be better than a bit to early. Of course, if I will be online when the swings will get formed...
- #10,100
- Nov 16, 2011 3:46pm Nov 16, 2011 3:46pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it