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  • #11,121
  • Feb 13, 2012 3:23pm Feb 13, 2012 3:23pm
Quoting BrunargarFx
Hi BW,
My daily LTL is going through 1.3172 (where we are right now), i.e. slightly lower than you LTL on your graph but fitting perfectly with your scenario. This was one of my possible Long play stated on Friday.
If broken, retest of 1.313 area, possibly lower?
Taken a long at the double bottom Lets see

Long at 56 sl 10 pips target 20 pips
Based on the chart
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,122
  • Feb 13, 2012 3:32pm Feb 13, 2012 3:32pm
I am just micro managing my trade (lucky me, still working but at least I can look at my charts . let see how it retest the daily LTL from underneath
Quoting BlackWid0w
Taken a long at the double bottom Lets see

Long at 56 sl 10 pips target 20 pips
Based on the chart
  • #11,123
  • Feb 13, 2012 3:39pm Feb 13, 2012 3:39pm
Quoting BrunargarFx
I am just micro managing my trade (lucky me, still working but at least I can look at my charts . let see how it retest the daily LTL from underneath
Bullish Wedge has been broken hence Trade invalidated.
I am long from 56 on eu based on my pattern of db...
SL at be now....

Next longs come in at 35 lets see
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,124
  • Feb 13, 2012 3:47pm Feb 13, 2012 3:47pm
Yes, that's what I have (35) but somehow, I think we are now targetting demand zone. I wouldn't be surprised if we were to get down to 3050.
This would be a nice Stop hunt for longs.

Quoting BlackWid0w
Bullish Wedge has been broken hence Trade invalidated.
I am long from 56 on eu based on my pattern of db...
SL at be now....

Next longs come in at 35 lets see
  • #11,125
  • Feb 13, 2012 3:54pm Feb 13, 2012 3:54pm
Specially for you Mr B

Regards
BW
Attached Image (click to enlarge)
Click to Enlarge Name: next support.gif Size: 25 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,126
  • Feb 13, 2012 3:55pm Feb 13, 2012 3:55pm
3050 - 3080
If break of 3030, then this woudl turn into reversal but I don't believe that we will get to that
  • #11,127
  • Feb 13, 2012 4:05pm Feb 13, 2012 4:05pm
That would be v. good!
I have 1.3085 as possible support so this would fit nicely


Quoting BlackWid0w
Specially for you Mr B

Regards
BW
  • #11,128
  • Feb 13, 2012 4:18pm Feb 13, 2012 4:18pm
going to bed.. See you all tomorrow
  • #11,129
  • Feb 13, 2012 9:55pm Feb 13, 2012 9:55pm
First H4 close below rising TL, 3150 obviously important too but I'm cautiously short from 3164, tight SL 3174
Attached Image (click to enlarge)
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Don't get mad, get even!
  • #11,130
  • Feb 13, 2012 10:28pm Feb 13, 2012 10:28pm
Quoting stulic
First H4 close below rising TL, 3150 obviously important too but I'm cautiously short from 3164, tight SL 3174
there are lot of supports

1.315 then 1.3133 and huge support at 1.3126


rally can be started from the above key areas
finding A M S
  • #11,131
  • Feb 13, 2012 11:57pm Feb 13, 2012 11:57pm
Hey guys.
today we could have another possible decline. On higher TFs 3085 is support while on lower TFs BB tagged the lower levels. That usually means either a jump or direct fall from these levels.

Just by looking at higher TFs, it seems we could have another short day, but as always lets react.

Attached Image (click to enlarge)
Click to Enlarge Name: l.jpg Size: 67 KB


Switch columns > Bullish with Bearish
  • #11,132
  • Feb 14, 2012 12:08am Feb 14, 2012 12:08am
Quoting T@rantula
Hey guys.
today we could have another possible decline. On higher TFs 3085 is support while on lower TFs BB tagged the lower levels. That usually means either a jump or direct fall from these levels.

Just by looking at higher TFs, it seems we could have another short day, but as always lets react.

Attachment

Switch columns > Bullish with Bearish


Yes good to react always and better not to predict and follow


have to watch the PA around 1.317 for reactions there
finding A M S
  • #11,133
  • Feb 14, 2012 12:13am Feb 14, 2012 12:13am
Quoting prashant7
Yes good to react always and better not to predict and follow


have to watch the PA around 1.317 for reactions there
Yes 3170 is interim resistance. 3195 is DPP.
  • #11,134
  • Feb 14, 2012 12:33am Feb 14, 2012 12:33am
Quoting T@rantula
Hey guys.
today we could have another possible decline. On higher TFs 3085 is support while on lower TFs BB tagged the lower levels. That usually means either a jump or direct fall from these levels.

Just by looking at higher TFs, it seems we could have another short day, but as always lets react.

Attachment

Switch columns > Bullish with Bearish
morning
I long@ ur medium point 3150
  • #11,135
  • Feb 14, 2012 12:35am Feb 14, 2012 12:35am
Quoting T@rantula
Yes 3170 is interim resistance. 3195 is DPP.
1.3239 is one more important level but for this we have to comfortably break and close above 1.3197


Are you looking to scalp today or take a 30 to 50pip trade

its been a while that you took a trade of more than 50pip i guess ( mentioning on the thread due to lot of ranging and other momemtum shifts on longer TF's ) may be you have other reasons for that
finding A M S
  • #11,136
  • Feb 14, 2012 12:37am Feb 14, 2012 12:37am
Quoting egkid
morning
I long@ ur medium point 3150
Hey EG!

There are 2 possible ways to deal with this. Being an intraday trader my stops are always 35 pips max.

3150 is indeed a good point for longs and shorts. For continuation of downtrend itd be good if 3195 is hit first, so long @ 3150 is valid anyhow.
  • #11,137
  • Feb 14, 2012 12:44am Feb 14, 2012 12:44am
very good entry - i wish I had taken it

Quoting egkid
morning
I long@ ur medium point 3150
  • #11,138
  • Feb 14, 2012 12:46am Feb 14, 2012 12:46am
long @ 3158 sl 3153, breakout box
  • #11,139
  • Feb 14, 2012 12:57am Feb 14, 2012 12:57am
Quoting prashant7
[b]
Are you looking to scalp today or take a 30 to 50pip trade
its been a while that you took a trade of more than 50pip i guess ( mentioning on the thread due to lot of ranging and other momemtum shifts on longer TF's ) may be you have other reasons for that
There are several things which need to be considered when taking a trade. Current situation of the market and personal account balance..

Now...we are making or losing money by accumulating or losing pips. If you are successful in trading your account will grow. Then all u have to do is compounding. By compounding the amount of pips u need to collect is always the same for keeping up the consistency.

The part of the strategy i have developed is simple, i wont elaborate it now, but in short- you need 20 pips with 1:5 leverage to have 1 % of the account growth. Its so simple. The other thing is how much are u willing to risk?


Sometimes i make 50 pips trades sometimes I dont. TBH one of the reasons is that I dont want this to be a personal trading journal and I dont want ppl to follow me and take my trades blindly because they will never learn it by themselves.

Occasional posting of trade entries and exits is what I have been doing and what i will always do.
  • #11,140
  • Feb 14, 2012 1:14am Feb 14, 2012 1:14am
3170 looks like strong r; watching green tl now
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