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  • #564,621
  • Nov 21, 2011 6:52am Nov 21, 2011 6:52am
no longs for me today . Unless it proves it can go back to 1.3550
..not interested in skalping.
  • #564,622
  • Nov 21, 2011 6:52am Nov 21, 2011 6:52am
Back , watching if 3465 breaks for next limit 3494 or even if breaks there 3532/66 if back again .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #564,623
  • Nov 21, 2011 6:52am Nov 21, 2011 6:52am
I know 3460 is the key.
And I believe its bear move now.
But I wait for NY open.
  • #564,624
  • Nov 21, 2011 6:53am Nov 21, 2011 6:53am
Quoting FX Babie
well . with that strategy (mine) i am trying a much a possible to minimize risk yet again catch an early move
ave just taken up a long ...4hrs above a support level i think we are poised to go up 80 pips or so
  • #564,625
  • Nov 21, 2011 6:56am Nov 21, 2011 6:56am
Quoting FX Babie
well . with that strategy (mine) i am trying a much a possible to minimize risk yet again catch an early move
That is a brilliant strategy to minimize risk and catch early move. Winning one indeed.

But I was talking about digiffs strategy, since it seemed to me you were trying to convince him to go long. So you probably know his system perfectly, dont you?
"I know one thing, that I know nothing." Sokrates
  • #564,626
  • Nov 21, 2011 6:58am Nov 21, 2011 6:58am
Quoting FX Babie
if i were you i would enter a small long position and if it holds i add the full position !!!!
Much better to wait till it actually breaks out. You would be watching the same boring messy pa either way.
In other news: A ranger was trapped between a bull and a bear
  • #564,627
  • Edited 6:59am Nov 21, 2011 6:58am | Edited 6:59am
Looks better to sit on my hands atm.
  • #564,628
  • Nov 21, 2011 6:59am Nov 21, 2011 6:59am
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  • #564,629
  • Nov 21, 2011 7:02am Nov 21, 2011 7:02am
Ugly one fatty H1 candle closed below support at 3457 and now we are attempting to break it again.

I just dont see any solution to current stuck untill NY opens.

T.
"I know one thing, that I know nothing." Sokrates
  • #564,630
  • Nov 21, 2011 7:04am Nov 21, 2011 7:04am
Quoting Tom_D_Trader
That is a brilliant strategy to minimize risk and catch early move. Winning one indeed.

But I was talking about digiffs strategy, since it seemed to me you were trying to convince him to go long. So you probably know his system perfectly, dont you?
I gave up trying to catch first few pips a long time ago. Just not worth the headache. Better to add more with a confirmed breakout.
In other news: A ranger was trapped between a bull and a bear
  • #564,631
  • Edited 7:26am Nov 21, 2011 7:07am | Edited 7:26am
Quoting Tom_D_Trader
Ugly one fatty H1 candle closed below support at 3457 and now we are attempting to break it again.

I just dont see any solution to current stuck untill NY opens.

T.
yeah & h4 tf managed to close in line , difficult correct more against but may do yet , price still in the correction zone . to break need the impulse 5th go but for it need a minimum correction up to strong enough or fail 5th with double bottom may result to go further up towards top.

3441 next may take action break 65.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #564,632
  • Nov 21, 2011 7:23am Nov 21, 2011 7:23am
Picked up 25 pips on the way down early this morning.
Anticipating price increase.
  • #564,633
  • Nov 21, 2011 7:33am Nov 21, 2011 7:33am
I can wait ...

It's a Monday ...

We are trading in a megaphone pattern currently ...

2011-11-21_14h27_ EURUSD _ min005 _ (150a) candle + TL + MA





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #564,634
  • Nov 21, 2011 7:42am Nov 21, 2011 7:42am
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  • #564,635
  • Nov 21, 2011 7:49am Nov 21, 2011 7:49am
Quoting fontu
yeah & h4 tf managed to close in line , difficult correct more against but may do yet , price still in the correction zone . to break need the impulse 5th go but for it need a minimum correction up to strong enough or fail 5th with double bottom may result to go further up towards top.

3441 next may take action break 65.
fontu
price around 3489 will take a short to test sl above 95 , long will be closed few pips earlier though .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #564,636
  • Nov 21, 2011 7:52am Nov 21, 2011 7:52am
That was a nice 80 pip run. I'm ready to climb the stairs and slide back down again.
Taigen Profit This Month: na
  • #564,637
  • Nov 21, 2011 7:53am Nov 21, 2011 7:53am
At last. I hope we will have some nice correction up so I can load heavy shorts. But right now, since we were meddling down here for such a long time I consider 3495 beeing very strong. Aslo, I think there is no need for short squeeze, coz most of short stops were taken on Friday and partial profits from last weeks fall were also taken. There may be some yummy stops above 3610, but that is just too far away imo. Bears are taking control. Remember Big Fitz.

T
"I know one thing, that I know nothing." Sokrates
  • #564,638
  • Nov 21, 2011 8:07am Nov 21, 2011 8:07am
Now I sell at 1,3478 with TP 1,3423. SL 1,3505
  • #564,639
  • Nov 21, 2011 8:08am Nov 21, 2011 8:08am
This pre NY rally is very interesting. Like if someone wanted to fool NY bankers. I have been watching this for like two weeks now and it happens very often. Rally up half an hour before NY opens.
"I know one thing, that I know nothing." Sokrates
  • #564,640
  • Nov 21, 2011 8:17am Nov 21, 2011 8:17am
Quoting Tom_D_Trader
This pre NY rally is very interesting. Like if someone wanted to fool NY bankers. I have been watching this for like two weeks now and it happens very often. Rally up half an hour before NY opens.
Hey Tom, IMO this pre NY rally... really a post NY open rally, but a pre equity market rally... is driven by the futures market. Typically big players will bid up the equity markets right before open. Then, if they get a bullish open, they can unload lots of stocks at a relatively high price.

I think the technical term is "pump and dump"
Kill the ego, or it will kill the mission.
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