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  • #586,241
  • Jan 20, 2012 2:50am Jan 20, 2012 2:50am
Quoting johnnyrei
Long @ 1.2936 -Sl. @ 1.2912
why did you do that? you just got stopped out at the place where you thought euro will be heading even lower and it's not worth keeping the losing trade. but now you bought again? at the S/L place? even in 1M chart I don't really see a rollover
  • #586,242
  • Jan 20, 2012 2:50am Jan 20, 2012 2:50am
Quoting johnnyrei
Long @ 1.2936 -Sl. @ 1.2912
Levels:
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  • #586,243
  • Jan 20, 2012 2:51am Jan 20, 2012 2:51am
hope this can help...
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Bismillah
  • #586,244
  • Jan 20, 2012 2:52am Jan 20, 2012 2:52am
Quoting MaynoothBlue
I do get that feeling, thought we might have pushed further down to 1.20 area but not near as confident now
I think we still go lower but hey if we all agreed then there would be no market. As far as the technicals go, there is daily bullish divergence on the rsi, macd, and stochastics. So maybe you are right.
  • #586,245
  • Jan 20, 2012 2:55am Jan 20, 2012 2:55am
1.2938/39 would have been optimal place to long if there had been bullish divergence at least on 5min chart.

Now 1min traders are killing each other fighting for that spot
They think they are smarter than I am.
  • #586,246
  • Jan 20, 2012 2:55am Jan 20, 2012 2:55am
Quoting ali_baba
im quite sceptical that this is the beginning of a bearish correction after three solid days of bullish activity. I have noticed that the market always moves down sharply just before the London open - only to make it all back relatively quickly.

This bear is still looking for around 1.30 for a big short - psychological factors & bear overcoming the bull. lets see how the day goes.

that fits with some of my thinking.

After this drop I am expecting a rally above yesterdays high (that could be 1.30 we shall see. Then a correction of the move up from 1.2632 to that new high.

After that who knows eh!
  • #586,247
  • Jan 20, 2012 2:56am Jan 20, 2012 2:56am
Quoting johnnyrei
Levels:
I do like the way you trade Johnny - big balls bro

good luck
  • #586,248
  • Jan 20, 2012 2:57am Jan 20, 2012 2:57am
Just waiting for a good entry for a long position. I wouldn't go against the trend and the general market sentiment and take any short positions
  • #586,249
  • Jan 20, 2012 2:59am Jan 20, 2012 2:59am
Quoting MaxDoom
that fits with some of my thinking.

After this drop I am expecting a rally above yesterdays high (that could be 1.30 we shall see. Then a correction of the move up from 1.2632 to that new high.

After that who knows eh!
bro, how are you? was busy in work. just logged in and saw that euro is down 40 pips.

probable reasons? i thought we were going to 1.3000. wise to enter a short here?
  • #586,250
  • Jan 20, 2012 2:59am Jan 20, 2012 2:59am
Im getting to the stage where I dont even care about the money (that being said thats not to say I enjoy losing money) - I just want to be the best and most disciplined trader that I can be.
  • #586,251
  • Jan 20, 2012 3:00am Jan 20, 2012 3:00am
Quoting Nachiket
bro, how are you? was busy in work. just logged in and saw that euro is down 40 pips.

probable reasons? i thought we were going to 1.3000. wise to enter a short here?

NO

at a resistence point and further downside maybe limited probably to 1.2880-1.2900.

better to look for the return trip up now.

Move is just a standard pullback not event driven so don't expect too much here

On the plus side - I got the top of this
  • #586,252
  • Jan 20, 2012 3:01am Jan 20, 2012 3:01am
Quoting johnnyrei
Long @ 1.2936 -Sl. @ 1.2912
wow that's brave. First rule of my thumb - if you get stopped out, don't jump straight in again. Put the kettle on and wait.
  • #586,253
  • Jan 20, 2012 3:03am Jan 20, 2012 3:03am
Quoting MaxDoom
NO

at a resistence point and further downside maybe limited probably to 1.2880-1.2900.

better to look for the return trip up now.

Move is just a standard pullback not event driven so don't expect too much here
yes thought the same. but why it fell 50 pips ?
  • #586,254
  • Jan 20, 2012 3:03am Jan 20, 2012 3:03am
closed shorts, maybe a little breath from here. otherwise low of yesterday will be the next target
  • #586,255
  • Jan 20, 2012 3:05am Jan 20, 2012 3:05am
2905 is the mid yearly S1. If we turn around, it could be at that point. I have similar thinking as MaxDoom.. BTW, good call earlier my friend.
  • #586,256
  • Jan 20, 2012 3:05am Jan 20, 2012 3:05am
Quoting Nachiket
yes thought the same. but why it fell 50 pips ?

why not over the last few days it has rallied 350 pips with a 100 pip pullback inside that. Now we have another pullback same sort of size

It will look nice and neat on your 1 hiur chart when its done and you will look at it and go what an obvious pattern...

in fact I put a chart up here yesterday on this move.

http://www.forexfactory.com/showthre...79#post5309779
  • #586,257
  • Jan 20, 2012 3:05am Jan 20, 2012 3:05am
hi
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  • #586,258
  • Jan 20, 2012 3:05am Jan 20, 2012 3:05am
Quoting tunera
closed shorts, maybe a little breath from here. otherwise low of yesterday will be the next target
Yep same, closed shorts taking the profit off the table, now wait for some sort of pullback to look for another potential entry.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #586,259
  • Jan 20, 2012 3:06am Jan 20, 2012 3:06am
the same reason the $ rose against the swissy, cad and £

Quoting Nachiket
yes thought the same. but why it fell 50 pips ?
  • #586,260
  • Jan 20, 2012 3:07am Jan 20, 2012 3:07am
what's with the sell off or just retracement? cant seem to find any particular fundamentals for that
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