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  • #595,061
  • Feb 14, 2012 10:14am Feb 14, 2012 10:14am
Quoting Getthepips
Terrible call. If you think this is the bottom. No way. We will see at least 3080 area before i goes up again.
Was a good call, that area was a good area for a bounce (scalp) but its given in now 3090 then 3035 are areas of interest...
  • #595,062
  • Feb 14, 2012 10:15am Feb 14, 2012 10:15am
Quoting myk
simple working did for me
what happened to your long with SL at 3095?
  • #595,063
  • Feb 14, 2012 10:18am Feb 14, 2012 10:18am
Quoting duyk20
If all members at forexfactory short together at their full lots, price wouldn't be able to move for 0.01 pip
It would shoot the opposite price because of market makers and SL hunts
  • #595,064
  • Feb 14, 2012 10:19am Feb 14, 2012 10:19am
I would like to ask just a general question to everyone thats watching. Do you think that the PA is going higher or lower? From what I read most all seem to think we are heading higher and higher, but for three days we have been going lower and lower.

The fib target for todays drop is around 3092 I would expect the price to go at least to there. If it does dip below 3080 then you could see a massive drop in price. On the other hand it is a real support area and you could see a jump but 3225 will not be the next resistance area it will be 3130 area then maybe 3200 but thats it in my opinion.

Does anyonoe else have a technical point of view.
  • #595,065
  • Feb 14, 2012 10:19am Feb 14, 2012 10:19am
Quoting sidhujag
what happened to your long with SL at 3095?
lol i took profit ages ago maybe 12 hours back at 3177

played short since
MMMYYYKKK
  • #595,066
  • Feb 14, 2012 10:23am Feb 14, 2012 10:23am
eurusd down!
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Daytrader
  • #595,067
  • Feb 14, 2012 10:24am Feb 14, 2012 10:24am
Quoting sidhujag
It would shoot the opposite price because of market makers and SL hunts
That is the very reason that I don't use stop losses. Haven't used a stop loss in three years. I trade with no TP and no SL. Some say your crazy some say otherwise, but look at like this. If your day trading why would you use a stop loss when you can exit the trade yourself, you can call and cancel a trade most people have phones that have mobile platforms on them. There are multiple ways to exit a trade, but to put a stop in clear view of the broker is something that I never liked to do.
  • #595,068
  • Feb 14, 2012 10:24am Feb 14, 2012 10:24am
Quoting myk
lol i took profit ages ago maybe 12 hours back at 3177

played short since
cool I went long on everything xxjpy xxusd right before BOJ easing announcement, riding it.
  • #595,069
  • Feb 14, 2012 10:24am Feb 14, 2012 10:24am
Quoting Getthepips
[font="Comic Sans MS"][color="Blue"]I would like to ask just a general question to everyone thats watching. Do you think that the PA is going higher or lower? From what I read most all seem to think we are heading higher and higher, but for three days we have been going lower and lower.

The fib target for todays drop is around 3092 I would expect the price to go at least to there. If it does dip below 3080 then you could see a massive drop in price. On the other hand it is a real support area and you could see a jump but 3225 will not be...
I double your view .
MMMYYYKKK
  • #595,070
  • Feb 14, 2012 10:25am Feb 14, 2012 10:25am
Quoting sidhujag
Was a good call, that area was a good area for a bounce (scalp) but its given in now 3090 then 3035 are areas of interest...
Indicators on H1 and H4 are very low. Actually I predict correction up (think not higher than 1.3250). This move down near the 1.30 will be on the last days in week or next week, when Greek news tomorrow will be bad.
  • #595,071
  • Feb 14, 2012 10:26am Feb 14, 2012 10:26am
Quoting sidhujag
cool I went long on everything xxjpy xxusd right before BOJ easing announcement, riding it.
same here entered long eur/jpy,cad/jpy and nzd/jpy closed all near 75% of today's high
MMMYYYKKK
  • #595,072
  • Feb 14, 2012 10:26am Feb 14, 2012 10:26am
Quoting myk
simple working did for me
I also like keeping it simple - it identified this nice trade...
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  • #595,073
  • Feb 14, 2012 10:27am Feb 14, 2012 10:27am
What a strong bear we have here, not even slightest bounce from this round number. From my point of view, this round number is not just another round number. The last high started from this one here.

PS: Seems that the eurozone clown are not ready to meet tommorow, they haven't done their homework yet. A possibility of a conference call to talk about greece second package.
  • #595,074
  • Feb 14, 2012 10:32am Feb 14, 2012 10:32am
Survive 1st attack on 3100. And bounce...

My low recorded is is 3099. Beware the bear trap.
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #595,075
  • Feb 14, 2012 10:32am Feb 14, 2012 10:32am
Quoting Getthepips
I would like to ask just a general question to everyone thats watching. Do you think that the PA is going higher or lower? From what I read most all seem to think we are heading higher and higher, but for three days we have been going lower and lower.

[font=Comic Sans MS][color=blue]The fib target for todays drop is around 3092 I would expect the price to go at least to there. If it does dip below 3080 then you could see a massive drop in price. On the other hand it is a real support area and you...
Bit busy at the moment to chat but i think we close tonight at 3130,
this is a very important level.
You can remain irrational longer than you can remain solvent.
  • #595,076
  • Feb 14, 2012 10:34am Feb 14, 2012 10:34am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
61.8 fibo
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give 1 and get 100
  • #595,077
  • Feb 14, 2012 10:36am Feb 14, 2012 10:36am
Looks like 3100 is proving to be a tough battle, It was a previous area of support, Good luck to all trading, hope yall have a great day whats left. Im donr for the day.I am waiting on a pull back possibly to 3150 area give or take 10 pips. If the move is over now that will be a 50% retrace and were I will be going short again. Much respect to all you guys and gals.

Later.
  • #595,078
  • Feb 14, 2012 10:37am Feb 14, 2012 10:37am
Quoting jezek5
Bit busy at the moment to chat but i think we close tonight at 3130,
this is a very important level.
I am going to agree with you, it is a very important level.
  • #595,079
  • Feb 14, 2012 10:40am Feb 14, 2012 10:40am
Quoting Getthepips
I am going to agree with you, it is a very important level.
All last week some buy program kept kicking in a bit below there,
interested to see if they still have orders to fill there.
You can remain irrational longer than you can remain solvent.
  • #595,080
  • Feb 14, 2012 10:40am Feb 14, 2012 10:40am
Quoting bollingerman
I also like keeping it simple - it identified this nice trade...
nice
MMMYYYKKK
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