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  • #8,701
  • Dec 7, 2011 7:28am Dec 7, 2011 7:28am
Quoting egkid
Sometime get confused about ur view

well, I have same view...

I believe PA is bearish, but market is not giving us the confidence to short.

and besides that, the level of EURUSD is below as we had last weeks, so we can say in short term, the pair is cheap.
I'm indeed a talking panda. How are you?
  • #8,702
  • Dec 7, 2011 7:31am Dec 7, 2011 7:31am
shes home for a +106
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Have I got something on my face, SOLDIER?
  • #8,703
  • Dec 7, 2011 7:32am Dec 7, 2011 7:32am
Quoting Raza
Was taliking about DOW..

E/U still bearish..
Thanks for clearing
  • #8,704
  • Dec 7, 2011 8:37am Dec 7, 2011 8:37am
Quoting Raza
Brave...

Wave does not look like it is done yet...

Crucial level
1) 1.3359

2) 1.3344


After that its a very dark place.

Resistence @ 1.3396

Take a look at 4 hr...dos it look like buy? (1.3344 needs to hold for any Bull)

Yes, mostly that is what i have been talking about. We had Bullish divergence on h4. That pushed the priced up. BUT we ALWAYS want to look at HIGHER timeframe if we trade 1 particular timeframe.

So what has been happening is. We had a push UP to test 3450. Remember 50, 80s and 20s are ALWAYS s/r levels. Then BEARISH divergence on daily tanked the price.

SO we are having a retest of 3350 with possibilities to further decline as MOMENTUM on higher TF has been increasing. Ill post a chart.
  • #8,705
  • Dec 7, 2011 8:42am Dec 7, 2011 8:42am
Quoting Pandamonium
its hard to say where we are going, but If I would open a trade now, would be to the south

We can't go north, resistance is holding all last days and if you look the PA just after intervention, we are making lower tops.

south we go?

only trade I have atm is short aussie, scalp
Yes Aussie proved good for shorting. This chart shows where I would have posted If i took the trade. Clear chart with MACD retracement trading.

Meanwhile i may workout levels on Aussie each morning as I do for EURUSD.

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  • #8,706
  • Dec 7, 2011 8:43am Dec 7, 2011 8:43am
Quoting bumapatria
shes home for a +106
Good job Buma!
  • #8,707
  • Dec 7, 2011 8:45am Dec 7, 2011 8:45am
Quoting Raza
Was taliking about DOW..

E/U still bearish..
Yes Raza, EU bearish 3413 is the median. Above that bulls can have their levels but it seems they are hard stopped.
  • #8,708
  • Dec 7, 2011 8:45am Dec 7, 2011 8:45am
EURUSD

Multi support around............ make or break.......
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  • #8,709
  • Dec 7, 2011 8:52am Dec 7, 2011 8:52am
Quoting T@rantula

SO we are having a retest of 3350 with possibilities to further decline as MOMENTUM on higher TF has been increasing. Ill post a chart.
Now look at this. We have DOUBLE HIDDEN BEARISH DIVERGENCE on DAILY which i have been warning for a couple of days.

Entry is confirmed when TL is broken ( remember 12 candle configuration rule so it could mean 12 days) and additional confirmation is stochastic cross.

The only drawback of FULL DOWNFALL is h4 BULLISH divergence that is PUSHING the price up and that is mainly due to EU summit and fundies.

Told you, good strategy was playing both directions and shorting the tops. I mean you can never miss good shorts when you have bearish ( especially hidden) divergence on daily Timeframe.

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  • #8,710
  • Dec 7, 2011 8:58am Dec 7, 2011 8:58am
despite what tata just said... iam long

its a normal scalp nothing more
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Have I got something on my face, SOLDIER?
  • #8,711
  • Dec 7, 2011 9:02am Dec 7, 2011 9:02am
[quote=bumapatria;5202557]despite what tata just said... iam long

its a normal scalp nothing more[/QUOTE]

Lower Tfs allow that
  • #8,712
  • Dec 7, 2011 9:04am Dec 7, 2011 9:04am
time to chciken out for +15!

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Have I got something on my face, SOLDIER?
  • #8,713
  • Dec 7, 2011 9:30am Dec 7, 2011 9:30am
Quoting bumapatria
time to chciken out for +15!

Good scalp, its no chicken, look at it....3385 is resistance, so basically its take what u can.
  • #8,714
  • Dec 7, 2011 9:51am Dec 7, 2011 9:51am
come on break or ill chicken out wiht 4-5 pips



got divergence as well and truncated lows on aussie



never mind chcieknd with +3
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Have I got something on my face, SOLDIER?
  • #8,715
  • Dec 7, 2011 9:54am Dec 7, 2011 9:54am
Quoting bumapatria
come on break or ill chicken out wiht 4-5 pips



got divergence as well and truncated lows on aussie



never mind chcieknd with +3
you know...when volatility is low and no real momentum pips is pips no matter what.

If you arent sure...close it, close it in profit Market is here...
  • #8,716
  • Dec 7, 2011 10:00am Dec 7, 2011 10:00am
Now many would say: "T@ta isnt it wronf to close the trade not letting the winners run?"

I would say....

Look at the time..Its 16 gmt. Profit taking is taking place usually between 15-16 GMT. SO if you close the trade just prior to sessions end it ALWAYS OK.

I would say that its not ok if you close the good WINNING trade which has an excellent potential for further gains in the MOMENTUM peak and that is usually between 9.30-11.30 GMT( especially) and 14.00-15.30 GMT.
  • #8,717
  • Dec 7, 2011 10:00am Dec 7, 2011 10:00am
Quoting T@rantula
you know...when volatility is low and no real momentum pips is pips no matter what.

If you arent sure...close it, close it in profit Market is here...

very true....

so its just my trader instinct i guess.


LONG LIVE THE CHCIKEN INSTINCT!!!


i got u tata will remember that
Have I got something on my face, SOLDIER?
  • #8,718
  • Dec 7, 2011 10:02am Dec 7, 2011 10:02am
Quoting bumapatria
very true....

so its just my trader instinct i guess.


LONG LIVE THE CHCIKEN INSTINCT!!!


i got u tata will remember that
Yes mate..there are many styles of trading...and we need to know when to apply certain styles.

Scalp, Swing, Counter Swing, Intraday or mid term 4h trading..

Now it is the time for scalp trades. 5-30 pips at the most per trade, scaling out at important levels or scaling in close to SL.
  • #8,719
  • Dec 7, 2011 10:14am Dec 7, 2011 10:14am
yes tata very ture.



here is a good joke of the day

wrong button pressed on oil inventory trade

ahahhaa

will cover soon was -70 now at -15.

can go to BE or profit on 50% retrace.
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Have I got something on my face, SOLDIER?
  • #8,720
  • Dec 7, 2011 10:16am Dec 7, 2011 10:16am
Quoting bumapatria
yes tata very ture.



here is a good joke of the day

wrong button pressed on oil inventory trade

ahahhaa

will cover soon was -70 now at -15.

can go to BE or profit on 50% retrace.
Yes i saw it on your thread. Sometimes it happens to me. Wrong button.

Good,well always good to admit you are wrong. Because telling to yourself and admitting t publicly will only make u look more professional.
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