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  • #588,601
  • Jan 26, 2012 8:14am Jan 26, 2012 8:14am
Doesn't look like we'll go south anytime soon methinks. The bullish D1 aside, i/d trend is also looking very bullish with price currently being above day open & previous day hi.
On top of that, the H1 just printed the rising three, which is a bullish continuation pattern.
Pattern is valid unless price close below the low of the master candle at 3095.

Good luck.
Attached Image
Thank You
  • #588,602
  • Jan 26, 2012 8:16am Jan 26, 2012 8:16am
Quoting Passerby
Do not attempt to short on highest point, look for more valid sign. Follow the trend, don't trade against it. Trying to enter short at the highest equal to trade against the current trend. Well there is just some possibilities that the price would go higher.
Shorting at the resistance is a smart idea in my opinion

Some people got a valid signal, while other don't...
And there is a possibility that the price won't go higher..trading is a matter of possibilities/probabilites after all

By the way trading against the trend is much more fun
COT: The precious data ignored
  • #588,603
  • Jan 26, 2012 8:17am Jan 26, 2012 8:17am
Quoting Passerby
Do not attempt to short on highest point, look for more valid sign. Follow the trend, don't trade against it. Trying to enter short at the highest equal to trade against the current trend. Well there is just some possibilities that the price would go higher.
yes i understand trading against trend is very dangerous that y S/L not very far away, n i did this bcz 1.3165-70 proved strong resistance on daily, 4hr and 15 mins
  • #588,604
  • Jan 26, 2012 8:20am Jan 26, 2012 8:20am
New breakout is closer
Attached Image
  • #588,605
  • Jan 26, 2012 8:23am Jan 26, 2012 8:23am
Quoting kuroro001
Shorting at the resistance is a smart idea in my opinion

Some people got a valid signal, while other don't...
And there is a possibility that the price won't go higher..trading is a matter of possibilities/probabilites after all

By the way trading against the trend is much more fun


In this case my decision was a a matter of a series of probabalities not just one.
And yes it's much more fun
  • #588,606
  • Jan 26, 2012 8:27am Jan 26, 2012 8:27am
Quoting rhmn
yes i understand trading against trend is very dangerous that y S/L not very far away, n i did this bcz 1.3165-70 proved strong resistance on daily, 4hr and 15 mins
strong ?? pa is just ranging that zone. not good for shorters though .... anyway i am not baised against any position now. market behaving strangely , i be definately looking to short at 1.3245 on the weekly pivot , if price gets there.
  • #588,607
  • Edited 8:28am Jan 26, 2012 8:28am | Edited 8:28am
Think shorts maybe premature.

lokks like 3200 may be on the cards.

around 3220-25
  • #588,608
  • Jan 26, 2012 8:29am Jan 26, 2012 8:29am
i have been waiting for days , for the return of

http://www.sonymoviechannel.com/site...jpg?1320011496
  • #588,609
  • Jan 26, 2012 8:30am Jan 26, 2012 8:30am
strong bull signal ,,,,,,
  • #588,610
  • Jan 26, 2012 8:30am Jan 26, 2012 8:30am
Long @ 1.3156 - sl at be +1 - manual TP
  • #588,611
  • Jan 26, 2012 8:31am Jan 26, 2012 8:31am
hope it will reach 1.3270 before it back to 1.2630.
  • #588,612
  • Jan 26, 2012 8:34am Jan 26, 2012 8:34am
Quoting timotei
Think shorts maybe premature.

lokks like 3200 may be on the cards.

around 3220-25
i/d range so far is only 87 pips. 190 yesterday. When this i/d resistance pops, this could easily test 3275 level.
But 3225 is money if you're being conservative.

Let's see how it goes. Good luck to you.
Thank You
  • #588,613
  • Jan 26, 2012 8:34am Jan 26, 2012 8:34am
Quoting tankokjian
i have been waiting for days , for the return of

http://www.sonymoviechannel.com/site...jpg?1320011496
these are baby bear , it can only play when bull resting
Mohan
  • #588,614
  • Jan 26, 2012 8:36am Jan 26, 2012 8:36am
Quoting kuroro001
Shorting at the resistance is a smart idea in my opinion

Some people got a valid signal, while other don't...
And there is a possibility that the price won't go higher..trading is a matter of possibilities/probabilites after all

By the way trading against the trend is much more fun
Yup actually S/R level are a good entry/exit point. But I got a bad feeling about current one. If it the price should go south, it must be going down already. This looks like a consolidation range for trend continuation to my eyes.

Just try to express my opinion without being too direct. Well, I am a new guy around anyway.
  • #588,615
  • Jan 26, 2012 8:37am Jan 26, 2012 8:37am
Couldn't break channel top - bullish cycle depleting... Taking heavy bears now.
  • #588,616
  • Jan 26, 2012 8:37am Jan 26, 2012 8:37am
Quoting wormboy
i/d range so far is only 87 pips. 190 yesterday. When this i/d resistance pops, this could easily test 3275 level.
But 3225 is money if you're being conservative.

Let's see how it goes. Good luck to you.
I'm always conservative these days !!

But yes, agree.

Good luck to you too, though I'm sure you don't need it !
  • #588,617
  • Jan 26, 2012 8:39am Jan 26, 2012 8:39am
Quoting timotei
Good luck to you too, though I'm sure you don't need it !
I don't need it ... my position is flat, but thank you

Just sharing my view. Have a good one.
Thank You
  • #588,618
  • Jan 26, 2012 8:41am Jan 26, 2012 8:41am
Quoting Passerby
Yup actually S/R level are a good entry/exit point. But I got a bad feeling about current one. If it the price should go south, it must be going down already. This looks like a consolidation range for trend continuation to my eyes.

Just try to express my opinion without being too direct. Well, I am a new guy around anyway.
That's what i like with forex...same chart but different views!

Enjoy your stay here
COT: The precious data ignored
  • #588,619
  • Jan 26, 2012 8:41am Jan 26, 2012 8:41am
Was able to get my last sell in at 3100. Stop still at 3250. We are locked and loaded. I just dont think she has the balls for 3250. We will probably bang on 3168 for awhile before going down, if not, I will lose this trade.


Quoting spillini
As opposed to a lot of people in this forum, Im not afraid to say that I have lost my share of trades, however, I win 70% of them. I have one more sell level at 3100, otherwise we go from here. Stop is at 3250 and scaling in is my game using the daily......and, please dont worry about me, I will be fine. I am an aggressive trader with plenty of spare cash to ride the waves.
Please do not vouch for me.
  • #588,620
  • Jan 26, 2012 8:43am Jan 26, 2012 8:43am
Market has really hard time breaking Oct. 2011 bottom:
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