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  • #584,961
  • Jan 18, 2012 1:53am Jan 18, 2012 1:53am
Quoting GSGill
I was just messin around about that, I know better than mixing business with pleasure. I entered short and stuck with it oh well I see 2808 again today as a possible hurdle to longs but my EA has stopped me out already as I reached my max daily loss.

sorry to hear that, you should try waiting for the PA to roll over if you are going to fade the trade. You won't get the tops or bottoms but you will get stopped out tens times less.
  • #584,962
  • Jan 18, 2012 1:54am Jan 18, 2012 1:54am
Morning all....took a short at 2806. let's see
  • #584,963
  • Jan 18, 2012 1:56am Jan 18, 2012 1:56am
Quoting MaxDoom
I favour a retrace off the H1 TL @ 1.275x back to the 1.279x area maybe even 1.281x before a drop.

now I am short
  • #584,964
  • Jan 18, 2012 1:57am Jan 18, 2012 1:57am
Quoting MaxDoom
sorry to hear that, you should try waiting for the PA to roll over if you are going to fade the trade. You won't get the tops or bottoms but you will get stopped out tens times less.
Absolutely true, had a great week last week and now Im looking like Im about to give it all back. and yes impatience has taken its toll. Well back to the driving range (demo) for me for now until I can clear these cobwebs. Growth as a trader I guess.
  • #584,965
  • Jan 18, 2012 1:59am Jan 18, 2012 1:59am
Quick 10 pips..out at 95
  • #584,966
  • Jan 18, 2012 1:59am Jan 18, 2012 1:59am
Quoting MaxDoom
sorry to hear that, you should try waiting for the PA to roll over if you are going to fade the trade. You won't get the tops or bottoms but you will get stopped out tens times less.
Can you clarify what exactly PA is ?
Thanks
Tom
  • #584,967
  • Jan 18, 2012 2:00am Jan 18, 2012 2:00am
Quoting MaxDoom
now I am short
Me too, from 1.28022. Nice candle on M15.
  • #584,968
  • Jan 18, 2012 2:01am Jan 18, 2012 2:01am
for a change i took a short , it's stop out for +2 pip

usually market take my stop before move in my favor

edit : that was shorted @ 05 ,
Mohan
  • #584,969
  • Jan 18, 2012 2:02am Jan 18, 2012 2:02am
Looks like we might make a run to 2824 and then I think down. Bulls may run out of steam.....
  • #584,970
  • Jan 18, 2012 2:03am Jan 18, 2012 2:03am
Quoting GSGill
I was just messin around about that, I know better than mixing business with pleasure. I entered short and stuck with it oh well I see 2808 again today as a possible hurdle to longs but my EA has stopped me out already as I reached my max daily loss.
LOL and it rolls back over.
  • #584,971
  • Jan 18, 2012 2:03am Jan 18, 2012 2:03am
Quoting marbellafx
Can you clarify what exactly PA is ?
Thanks
Tom

PA = price action

so for a roll over people will have different ideas some more aggressive than others.

For a longer trade (bigger target) I would wait for M15 to form a new high confirmed with two lower bars, or on M5.

In this case I waited for one confirmation bar
  • #584,972
  • Jan 18, 2012 2:06am Jan 18, 2012 2:06am
Quoting MaxDoom
PA = price action

so for a roll over people will have different ideas some more aggressive than others.

For a longer trade (bigger target) I would wait for M15 to form a new high confirmed with two lower bars, or on M5.

In this case I waited for one confirmation bar
Thank you Max
Much clearer now
Tom
  • #584,973
  • Jan 18, 2012 2:06am Jan 18, 2012 2:06am
looks like london wants this pair down... the moment london open a red candle is formed
  • #584,974
  • Jan 18, 2012 2:08am Jan 18, 2012 2:08am
Quoting E-Money
Looks like we might make a run to 2824 and then I think down. Bulls may run out of steam.....

Hmmm....normally they like to hit the R1 and then go down....damn...should have stayed in that short...
  • #584,975
  • Jan 18, 2012 2:10am Jan 18, 2012 2:10am
Quoting E-Money
Hmmm....normally they like to hit the R1 and then go down....damn...should have stayed in that short...
looks you have missed double /triple top around 06 ~ 08
Mohan
  • #584,976
  • Jan 18, 2012 2:11am Jan 18, 2012 2:11am
Quoting E-Money
Hmmm....normally they like to hit the R1 and then go down....damn...should have stayed in that short...

well chap 10 out of 10 for bravery your opened you short into the headwind, but you took quite a risk for such a small profit take no?

because at that point the price could of just steamed on..
  • #584,977
  • Jan 18, 2012 2:14am Jan 18, 2012 2:14am
next price to watch is 1.275x and a break below 50 to deeper move and maybe some tasty stops

some consolidation possible moved my stop to 1.2780 above the action hopefully.
  • #584,978
  • Jan 18, 2012 2:16am Jan 18, 2012 2:16am
Quoting MaxDoom
well chap 10 out of 10 for bravery your opened you short into the headwind, but you took quite a risk for such a small profit take no?

because at that point the price could of just steamed on..

Was looking for a quick scalp...2801 was weekly high, ATR projection was hit at 2806....thought I could take that and then long..not sure it was brave....lol...but that's trading...just managing the risk...
  • #584,979
  • Jan 18, 2012 2:19am Jan 18, 2012 2:19am
2758 was the close of NY yesterday....back to that...looks like it may turn north again...
  • #584,980
  • Jan 18, 2012 2:21am Jan 18, 2012 2:21am
Ich liebe es ...

TABLE with ZIGZAG + PIVOT SURVEY for the needs of trading the EUR/USD and the GBP/USD pair:

2012-01-18_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-03 va

2012-01-18_00h00 - ZigZag + Pivot Survey _ GBPUSD _ Rollover _ W-03 va

This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.

Ausblick:

This is what we have for today ...




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