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  • #585,521
  • Jan 19, 2012 1:07am Jan 19, 2012 1:07am
Was planning to go short at 1.2868 since yesterday. Finally got in today 1.2863 today.

My charts showing a possible 1.2810. I will probably exit around 283 tho, lets see.
  • #585,522
  • Jan 19, 2012 1:09am Jan 19, 2012 1:09am
Quoting KillerWhale
I promised you a V yesterday when it got to 1.2810, so here it is my friend.
And I don't give them out too easy
thank you my friend
Mohan
  • #585,523
  • Jan 19, 2012 1:13am Jan 19, 2012 1:13am
Quoting GSGill
Morning friends I wont be trading live due to DD in the past few days. Re-centering my thoughts, got into too many bad trades in a row. Just going to demo it this week to bring back the edge and cut back on the posting here. I like your analysis Max. Going to watch those levels.
Just trade in the direction where price is going and you will be fine.
Bad trades? What are those? I mean, it'll come back to your entry, ALWAYS.

Hey I still have a tiny short @ 1.2750, do you think I'm gonna cash the loss?
Hell no way, in a few weeks we'll be printing 1.25 or 1.22
New voice message: Why are you calling me? If I need you, I'll call you!
  • #585,524
  • Jan 19, 2012 1:15am Jan 19, 2012 1:15am
Quoting mohan76
thank you my friend
Y're very welcome
New voice message: Why are you calling me? If I need you, I'll call you!
  • #585,525
  • Jan 19, 2012 1:16am Jan 19, 2012 1:16am
looking for 2945 this session
Everybody dies but not everybody lives
  • #585,526
  • Jan 19, 2012 1:17am Jan 19, 2012 1:17am
Quoting MidasFX
KODAK

Feb 1997 $92 per share
Feb 2000 $60 per share
Feb 2007 $25 per share
Feb 2010 $6 per share
Today $0.60 per share....

If you didn't see this one coming >_<
A lot of 'buggy whip' manufacturers went out of business when the automobile replaced the horse.
Taigen Profit This Month: na
  • #585,527
  • Jan 19, 2012 1:18am Jan 19, 2012 1:18am
Quoting KillerWhale
Just trade in the direction where price is going and you will be fine.
Bad trades? What are those? I mean, it'll come back to your entry, ALWAYS.

Hey I still have a tiny short @ 1.2750, do you think I'm gonna cash the loss?
Hell no way, in a few weeks we'll be printing 1.25 or 1.22

How are your longs from 1.6 doing?
  • #585,528
  • Jan 19, 2012 1:18am Jan 19, 2012 1:18am
Quoting KillerWhale
Just trade in the direction where price is going and you will be fine.
Bad trades? What are those? I mean, it'll come back to your entry, ALWAYS.

Hey I still have a tiny short @ 1.2750, do you think I'm gonna cash the loss?
Hell no way, in a few weeks we'll be printing 1.25 or 1.22
Well Said Killer.

My initial problem while trading was that i used to close my trades with little profit and hold trades for not too long when they went bad. I would book losses at really high levels.

These days i trade small lots. If it goes against me in a BIG WAY , a big spike. I add another lot and 99% of the time i will minimize my loss on a correction from there or even book a bit of a profit.
  • #585,529
  • Jan 19, 2012 1:19am Jan 19, 2012 1:19am
dax trying take take out 6400, and s&p sting on 130x ,franky gave14 pips waiting for London
Mohan
  • #585,530
  • Jan 19, 2012 1:21am Jan 19, 2012 1:21am
Quoting kocher
How are your longs from 1.6 doing?
They didn't carry enough interest so I closed them a few years ago.

But the real answer is: you don't go long when the trend is at the top.
That top was very much expected in all the forex world.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #585,531
  • Jan 19, 2012 1:22am Jan 19, 2012 1:22am
1.2857 have been my rejection point for now and i could note few divergence as been developing since yesterday..my view now is to looking for sell sell set up..
MY OPINION NOT FINANCIAL ADVISE
  • #585,532
  • Jan 19, 2012 1:26am Jan 19, 2012 1:26am
Wow I found out that trade explorer is working for Oanda and I downloaded it for 1 of my accounts.
Amazing, I can now see that since July 14th, 2005 I had 7565 trades on that account and it is only one of the usually 4 or 5 accounts I use.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #585,533
  • Jan 19, 2012 1:28am Jan 19, 2012 1:28am
The top channel in is around the 29+ area on the weekly and around 2625 in the present bottom channel and the 2400's on the secondary bottom channel. If either on happens an extended FR would suggest a major retrace before it heads down to the 1.18 area.
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly Channels on EUR_USD.JPG Size: 205 KB
Taigen Profit This Month: na
  • #585,534
  • Jan 19, 2012 1:28am Jan 19, 2012 1:28am
Quoting Passerby
ingmarforex:
That is just one thing why I consider to move to FX, the 25% on FX for a week give me equal gain compared to the 75% for 3 month on equities. But only testing the water here. I am not sure that I could perform that well in the longer term on FX.
you can do it anyway in the equiyies right now be carefull the nasdaq is running away from the es and ym.

For fx look for rangeplays for example look for exhaustions especially with the longterm trend example lets say eu runs 160 on average dont know so out my head then when it hits 160 and for trend you use for example a 21 period expo ma then when price retrace that 160 short it or buy it depends where price been trading above or below then pichk the best pairs lot of folks are always in those crowded eu because low spreads good for intraday palys but sometimes it is messy ass hell. there are some really nice 1 strong 1s for example eur/aud eur/nzd gbp/nzd gbp/aug they also pay intrest work great with a breakout model same as the 10 yrs or german bunds also good for breakout strategies eu works better with a range model gu also
  • #585,535
  • Jan 19, 2012 1:29am Jan 19, 2012 1:29am
Quoting MaxDoom
morning all.

So where will it go next, quick analysis:

Weekly: Still looking to be in extended correction of bull run to 1.59 in 2008

Daily: Has reached towards the lower end of the correction legs with an extended 5 wave pattern (possible pull back due)

H4: Has breached upper TL.

H1: What started as a correction of the run down from 1.287x 13th Jan has extended and invalidated it as a correction of that move.
If we now consider it as a correctiion of the move down from 1.307x 3rd Jan then it has reached the ideal target zone...

This was great!
  • #585,536
  • Jan 19, 2012 1:34am Jan 19, 2012 1:34am
possible double notch downgrade by Ficth for Italy within this January ..
better be short on eur/usd

now eur/usd 1.2858
the resistence seems to be strong ...are we going to see a down trend back ?
i am short by 1.2858
  • #585,537
  • Jan 19, 2012 1:40am Jan 19, 2012 1:40am
Quoting fxyardtrader
This was great!

thanks your welcome
  • #585,538
  • Jan 19, 2012 1:45am Jan 19, 2012 1:45am
[quote=MaxDoom;5308121]morning all.

Weekly: Still looking to be in extended correction of bull run to 1.59 in 2008

Daily: Has reached towards the lower end of the correction legs with an extended 5 wave pattern (possible pull back due)

H4: Has breached upper TL.

H1: What started as a correction of the run down from 1.287x 13th Jan has extended and invalidated it as a correction of that move.
If we now consider it as a correctiion of the move down from 1.307x 3rd Jan then it has reached the ideal target zone of 1.287x which is between 50% and 61.8% in this case.
It has also reached a double top.

Thanks Max, simple explanation, well put and appreciated
  • #585,539
  • Jan 19, 2012 1:45am Jan 19, 2012 1:45am
Yesterday's max volume.
Attached Image (click to enlarge)
Click to Enlarge Name: 19.01.2012_2.gif Size: 16 KB
  • #585,540
  • Jan 19, 2012 1:46am Jan 19, 2012 1:46am
crap, was finally at break even after 6 hours and pair is now -25 pips within 5 minutes. crap.
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