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  • #565,821
  • Nov 24, 2011 7:15pm Nov 24, 2011 7:15pm
Good market volatility because of low liquidity at thanksgiving break. Happy Thanksgiving to all of you.
  • #565,822
  • Nov 24, 2011 7:18pm Nov 24, 2011 7:18pm
long @ 1.33265

tp @ 1.34

sl @ 1.33115

pls tell me if there's anything wrong with my tp? cos i never hit my tp for many many months already...
  • #565,823
  • Nov 24, 2011 7:23pm Nov 24, 2011 7:23pm
Quoting f3iyun
Hi Link,

Can i know what are the indicators and charts you used to perform those long term trades? I would like to learn from you.
Indicator are no good dude. But I sometime use pairs of moving averages.

To make my longterm-trade ( short term when they last up to 3 or 4 day) I usually use fibonnacci and trends line. I put an entry point near the middle of 2 fibonnacci level. I use my logic for entry ( for which fibonnacci I should use ) and exit point. And I trade on the 4hours 1hour, daily and weekly chart.

PS : I sometime scalp using the weekly chart
  • #565,824
  • Nov 24, 2011 7:28pm Nov 24, 2011 7:28pm
guys in 1 hrs is bullish if close up then i see 4hrs hmm...need next candle open bullish n close up too so it confirm 1 hrs is long trade...it sentimental analysis will know when UK market open ..now tokyo n austrilan run open ....with positive move..
be patient, self-belief and discipline... stay focus...
  • #565,825
  • Nov 24, 2011 7:51pm Nov 24, 2011 7:51pm
I see the BOJ is in action again.
Time turns trend. - W.D. Gann
  • #565,826
  • Nov 24, 2011 7:52pm Nov 24, 2011 7:52pm
c'mon bulls, cows and oxes! don't fail me, not today.

i promise not to eat beef anymore if u can push euro up today.

i'm serious!
  • #565,827
  • Nov 24, 2011 7:52pm Nov 24, 2011 7:52pm
Quoting Link
Indicator are no good dude. But I sometime use pairs of moving averages.

To make my longterm-trade ( short term when they last up to 3 or 4 day) I usually use fibonnacci and trends line. I put an entry point near the middle of 2 fibonnacci level. I use my logic for entry ( for which fibonnacci I should use ) and exit point. And I trade on the 4hours 1hour, daily and weekly chart.

PS : I sometime scalp using the weekly chart
I see Link, thank you for the insights!
  • #565,828
  • Nov 24, 2011 7:52pm Nov 24, 2011 7:52pm
yen loosing due to possible japan downgrade, and it's drying usd liquidity
Mohan
  • #565,829
  • Nov 24, 2011 7:58pm Nov 24, 2011 7:58pm
Quoting mohan76
yen loosing due to possible japan downgrade, and it's drying usd liquidity
is it due to downgrade?...
I heard its because banks in Japan are buying
Patience, Emotion Control and Discipline.
  • #565,830
  • Nov 24, 2011 8:02pm Nov 24, 2011 8:02pm
Quoting johncen
is it due to downgrade?...
I heard its because banks in Japan are buying
due to moody'e yesterday interview
http://www.bloomberg.com/news/2011-1...es-worsen.html

Edit: may be Boj cashing news
Mohan
  • #565,831
  • Nov 24, 2011 8:09pm Nov 24, 2011 8:09pm
The Euro (1.3370) fell 1.3320 yesterday. The market was reacting to the poor demand for German Bunds. However, good support should be at 1.3280 today.
  • #565,832
  • Nov 24, 2011 8:32pm Nov 24, 2011 8:32pm
the market is moving at an incredible speed........ it's almost like an illiquid stock market now...
  • #565,833
  • Nov 24, 2011 8:39pm Nov 24, 2011 8:39pm
Quoting happytrader
the market is moving at an incredible speed........ it's almost like an illiquid stock market now...
Which market is moving man?

Damn.......... My internet connection must be very lousy.
The Thief of Wall Street
  • #565,834
  • Nov 24, 2011 8:41pm Nov 24, 2011 8:41pm
Quoting Chicky
Which market is moving man?

Damn.......... I must have a very lousy internet connection.
change your chart to 1m and bit zoom in you can see market is bloody fast

Aprox. Asia have done 50 pip move in Au and 40 pip on EU
Mohan
  • #565,835
  • Nov 24, 2011 8:48pm Nov 24, 2011 8:48pm
Quoting mohan76
change your chart to 1m and bit zoom in you can see market is bloody fast

Asia have done 60 pip move in Au and 40 pip on EU
Thanks. I am used to watching pa on Daily, but when it gets near to my sl I switch to 1H......... this way, I keep SLs away from current pa.
The Thief of Wall Street
  • #565,836
  • Nov 24, 2011 9:01pm Nov 24, 2011 9:01pm
bloody euro, can u just....move a bit faster? hovering along that bloody support zone and giving me all the wrong signal.

go get your breakfast if u haven't!
  • #565,837
  • Nov 24, 2011 9:01pm Nov 24, 2011 9:01pm
As we can see frrom the chart during Asian session,EU is retesting its previous Low for several time.If it able to break yesterday Low,keep on eye on few SR Level here:

1) Support - 1.3210 (Fib 1.61)
2) Previous Support - 1.3188

However,if the market able to break its Daily Pivot,our projection Resistance would be someway:

1) Resistance - 1.3433 (1st Resistance)
2) Weekly Pivot - 1.3576 (2nd Resistance)


Twinsummit
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 1.0.gif Size: 80 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #565,838
  • Nov 24, 2011 9:16pm Nov 24, 2011 9:16pm
hmmm my long entry still hold but my mind is now price in my entry in...move up m down...when i see 4 hrs im to0 scary
be patient, self-belief and discipline... stay focus...
  • #565,839
  • Edited 9:49pm Nov 24, 2011 9:16pm | Edited 9:49pm
As we can see from the Gold chart during Asian session,Gold is trying its hard to break our Daily Pivot.Keep in eye on few important key SR level here.Strong Support level is at Monthly Pivot - 1687

Lets wait and see


Twinsummit
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD 1.0.gif Size: 72 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #565,840
  • Nov 24, 2011 9:33pm Nov 24, 2011 9:33pm
Quoting tashkent
now I am more convinced than ever before that a sl is a must for every retail trader unless he is watching the moves closely. now i always try to set tight SL and move to BE as soon as i get an opportunity, however that increases the chance of being stopped out. yesterday i was stopped out twice at BE when decided let the profit run, and 2 SL hit with overall 20 pips loss... well that is market, I am sure with just one good trade i can cover a few lost trades. most important thing is trade management, and not to lose more than you can afford..
Hello

Had a great day wed shorting all day,man they got all it back the next day.
Needed to grow some balls an cancel losing trades sooner,I was to busy having a brain freeze.Today is a new day which requires me not to be so greedy.
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