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  • #37,421
  • Nov 30, 2011 9:13pm Nov 30, 2011 9:13pm
IM putting a 3580 Sell order in..... doubt it goes there over night, but... later ... New month Tomorrow.....
  • #37,422
  • Nov 30, 2011 9:24pm Nov 30, 2011 9:24pm
Quoting needpips
IM putting a 3580 Sell order in..... doubt it goes there over night, but... later ... New month Tomorrow.....
I think it will install somewhere near 1.3500 until NY Open. After that, big dogs will decide where to take it or how deep to dump it.
The Thief of Wall Street
  • #37,423
  • Nov 30, 2011 9:25pm Nov 30, 2011 9:25pm
Poked my head in the EU thread....what a nightmare....not sure....but the vibe here has just been like that cool simple no shoes required bar in the islands.....
  • #37,424
  • Nov 30, 2011 9:26pm Nov 30, 2011 9:26pm
Quoting Chicky
I think it will install somewhere near 1.3500 until NY Open. After that, big dogs will decide where to take it or how deep to dump it.
I play very close to the weekly's..... I have found a much better RR at those points...as well as a higher % retrace at those intervals .... FWIW
  • #37,425
  • Edited 10:05pm Nov 30, 2011 9:27pm | Edited 10:05pm
Quoting Wulfgar
But who knows. After today there are alot of variables. Major sigma event today. Best of luck to the poor assholes trying to Trade price action and Techies lately.
scalping way down on the fruitfly time frames where i live the pa is still somewhat normal if not predictable. my wetdream is a stairstep bullflag series back up to 1.4+ by year-end.

so on m5 e/u we have a wavechannel from 1.343 to 1.345 roughly, I am scalping long at .1% of account per pip risked. lock in some profit every time if only a few pips and its worthwhile, keep the topside open for the breakout. catch just one of them and it can make a month..

Its pretty much just like fishing, only not as much fun.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #37,426
  • Nov 30, 2011 9:27pm Nov 30, 2011 9:27pm
Quoting needpips
Poked my head in the EU thread....what a nightmare....not sure....but the vibe here has just been like that cool simple no shoes required bar in the islands.....
i tried to start a trading strategy conversation with no luck
  • #37,427
  • Nov 30, 2011 9:30pm Nov 30, 2011 9:30pm
Quoting fxjawn
i tried to start a trading strategy conversation with no luck
That thread is now in the hands of thugs.
The Thief of Wall Street
  • #37,428
  • Nov 30, 2011 9:36pm Nov 30, 2011 9:36pm
Quoting fxjawn
i tried to start a trading strategy conversation with no luck
Strategy.... I have simplified mine....pla close to the weekly's....close out winners early.... and that feeling of "hmmmm..... its gonna run against me.....nah...Ill be fine" when I get that feeling I listen to it.....other ones that are really important....

typically...a quick knifing move within the last 15 min of the hour will reverse for the next 20 min of the new hour.....also a good time to close if u are already in a position
  • #37,429
  • Nov 30, 2011 9:37pm Nov 30, 2011 9:37pm
looking at some charts.. i got a pending on the gbp/chf. at 1.4275... stop at 60..
i have a broke a tl and is playing around it. it has already completed 1/2 a formation.. so i am setting entry looking for a L bounce. to st target 1.4731.
there is a valid LT target at 1.7428
st target about 450 pips Lt one 3000
atm at 1.4337.. i don't know of it will come to me or not. there is a fib at 4268
4271 is probably protected. if awake i make take a higher entry.. 4275 is cutting it close. r/r is decent. and we got a trend since august that has broken a upper tl since june 2010
those who can, do. those who cant, talk about those who can
  • #37,430
  • Nov 30, 2011 9:37pm Nov 30, 2011 9:37pm
Quoting Chicky
That thread is now in the hands of thugs.
Well... I see cloggie made it back.... Id say he needs his ego stroked..... Whether he is for shizzle or not....he talks a solid game.... but I know for sure he is an instigator
  • #37,431
  • Nov 30, 2011 9:39pm Nov 30, 2011 9:39pm
Quoting The Fool
scalping way down on the fruitfly time frames where i live the pa is still somewhat normal if not predictable. my wetdream is a stairstep bullflag series back up to 1.4+ by year-end.

so on m1 e/u we have a wavechannel from 1.343 to 1.345 roughly, I am scalping long at .1% of account per pip risked. lock in some profit every time if only a few pips and its worthwhile, keep the topside open for the breakout. catch just one of them and it can make a month..

Its pretty much just like fishing, only not as much fun.
That would be sick if price ended up goin way up there

Def a possibility

As we have seen even when another country has to
Step in to save Europe in ita death throes... It's still bullish as hell
  • #37,432
  • Nov 30, 2011 9:39pm Nov 30, 2011 9:39pm
Quoting gatorinla
looking at some charts.. i got a pending on the gbp/chf. at 1.4275... stop at 60..
i have a broke a tl and is playing around it. it has already completed 1/2 a formation.. so i am setting entry looking for a L bounce. to st target 1.4731.
there is a valid LT target at 1.7428
st target about 450 pips Lt one 3000
atm at 1.4337.. i don't know of it will come to me or not. there is a fib at 4268
We broke to the topside of a LTL around 3360....I had thought it would have provided resistance...but now support?
  • #37,433
  • Nov 30, 2011 9:41pm Nov 30, 2011 9:41pm
Quoting Wulfgar
That would be sick if price ended up goin way up there

Def a possibility

As we have seen even when another country has to
Step in to save Europe in ita death throes... It's still bullish as hell
way better.... that old avatar put me in a bad mood
  • #37,434
  • Nov 30, 2011 9:43pm Nov 30, 2011 9:43pm
Quoting needpips
Well... I see cloggie made it back.... Id say he needs his ego stroked..... Whether he is for shizzle or not....he talks a solid game.... but I know for sure he is an instigator
Cloggie has made himself into a cornerstone of this site.

I just checked and he is def back in full force, raging on inexperienced traders who are in way too deep.
  • #37,435
  • Nov 30, 2011 9:46pm Nov 30, 2011 9:46pm
Quoting fxjawn
way better.... that old avatar put me in a bad mood
Well this one is def waaay more appropriate
  • #37,436
  • Nov 30, 2011 9:48pm Nov 30, 2011 9:48pm
who's cloggie?
  • #37,437
  • Nov 30, 2011 9:49pm Nov 30, 2011 9:49pm
Quoting gatorinla
looking at some charts.. i got a pending on the gbp/chf. at 1.4275... stop at 60..
i have a broke a tl and is playing around it. it has already completed 1/2 a formation.. so i am setting entry looking for a L bounce. to st target 1.4731.
there is a valid LT target at 1.7428
st target about 450 pips Lt one 3000
atm at 1.4337.. i don't know of it will come to me or not. there is a fib at 4268
4271 is probably protected. if awake i make take a higher entry.. 4275 is cutting it close. r/r is decent. and we got a trend since august that has broken...
With a lil help from the SNB u may get to ur LT goals faster than expected...

Of course I wouldn't
Go
Banking on them jumping in and helping out

I'm still selling Swiss franc any chance I get
  • #37,438
  • Nov 30, 2011 9:50pm Nov 30, 2011 9:50pm
Quoting Wulfgar
That would be sick if price ended up goin way up there....Def a possibility.....As we have seen even when another country has to Step in to save Europe in ita death throes... It's still bullish as hell
e/u in 1.4's is def doable. If the eu heads hatch a credible plan for "crisis" stabilization it could be on us b4 xmas. And that is an egg that just has to be hatched.

"don't fight the fed" is now "don't fight the fed and all the other cb's". it's basically the bond vigilantes against everybody else. Nobody wants to see the equivalent of economic Armageddon that would ensue if the EMU were to come apart. Nobody wants to see the stock markets crash. and nobody that matters wants to see a strong usd.

it will be a fun new game if the ecb slashes rates down to 0.5 or less - whole new ball game. just my uneducated take...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #37,439
  • Nov 30, 2011 9:51pm Nov 30, 2011 9:51pm
This tweet I just read sums up fundie trading lately

From a future research report: "We [upgrade|downgrade] company XYZ on hopes central bank ZYX [will|won't] intervene in the next [x] days"
  • #37,440
  • Nov 30, 2011 9:54pm Nov 30, 2011 9:54pm
Quoting The Fool
izzat John Wayne Gacy?
his new avatar? woody
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