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  • #4,601
  • Feb 15, 2012 4:19am Feb 15, 2012 4:19am
now then I sell EP 1.3175 ...waited for re-test of EMA200 .
SL 1.3205
now let trade managr do its job..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,602
  • Feb 15, 2012 4:24am Feb 15, 2012 4:24am
Im still holding my short trade.
Theres no momentum in the market right now im sure it will pick up during the NY open.
We might still get a bounce down on TDI if the 200EMA holds
X-man the legendary conqueror of markets
  • #4,603
  • Feb 15, 2012 4:24am Feb 15, 2012 4:24am
Quoting emmanuel7788
now then I sell EP 1.3175 ...waited for re-test of EMA200 .
SL 1.3205
now let trade managr do its job..
I think this is a good move, I also favor a move down but wont enter yet.
Have to stick to my rules :nerd:
Thoughts are things
  • #4,604
  • Feb 15, 2012 4:25am Feb 15, 2012 4:25am
Quoting robthorp
Hi could anyone help me on how i would have been looking to enter on yesterdays short trade around NY Open time.
I know the pullback back through the 200ema along with TDI cross, but which candle would i have entered on?
Thanks
I would enter on the opening of the second red candle
X-man the legendary conqueror of markets
  • #4,605
  • Feb 15, 2012 4:30am Feb 15, 2012 4:30am
Quoting X-Man
I would enter on the opening of the second red candle
I would enter on the first red candle I am more aggressive... following the 123 method
  • #4,606
  • Feb 15, 2012 4:32am Feb 15, 2012 4:32am
Went short at 1.3162 as it was crossing the 5 ema and TDI had crossed on previous candle, maybe a premature entry -12 ATM. SL set at 10 above Resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #4,607
  • Feb 15, 2012 4:34am Feb 15, 2012 4:34am
And did anyone notice that divergence???

Theres a lower high on PA but on the TDI its showing a higher high.
X-man the legendary conqueror of markets
  • #4,608
  • Feb 15, 2012 4:36am Feb 15, 2012 4:36am
Quoting X-Man
And did anyone notice that divergence???

Theres a lower high on PA but on the TDI its showing a higher high.
acctually I dont see a divergence. Can you post a pic?
Thoughts are things
  • #4,609
  • Feb 15, 2012 4:36am Feb 15, 2012 4:36am
Divergance
Which shows that the market is still favoring the bears
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 110 KB
X-man the legendary conqueror of markets
  • #4,610
  • Feb 15, 2012 4:40am Feb 15, 2012 4:40am
Quoting antantnz
I'm holding too ... for now ... but I do wonder if, after the big down moves the last few days, sellers are a little exhausted ... spectating on M5, so far it's still LH's ...
If you are holding its... COmmmming Dowwwwwwn... good for US
  • #4,611
  • Feb 15, 2012 4:43am Feb 15, 2012 4:43am
Look for more PAIN I reentered on the pull back of second blue candle.
Testing my Price Action skills.
Looking to get my 10 + Pips back.

Short @ 1.31708
  • #4,612
  • Feb 15, 2012 4:43am Feb 15, 2012 4:43am
Quoting X-Man
Divergance
Which shows that the market is still favoring the bears
tnx, I wasnt looking at this zoom level.
Thoughts are things
  • #4,613
  • Edited 5:06am Feb 15, 2012 4:44am | Edited 5:06am
I exited on the principle of respecting the trading plan and my trading habits(TDI hooked). I too think the short move will resume however.Waiting for the signal and looking to reenter...short

Entered short on 4th candle london session, on TDI bounce and setup pullback candle(the candle before entry). 35/35 SL/TP
  • #4,614
  • Feb 15, 2012 4:49am Feb 15, 2012 4:49am
Now in the green... hoping to TP @ 25pips first lot second the next 25pips... wish myself... luck ha ha ha!... trading is boring a little laughter goes a long way for my health...
  • #4,615
  • Edited 5:01am Feb 15, 2012 4:50am | Edited 5:01am
well, waited for German GDP to see what the knee jerk reaction would be, nothing much...results slightly better than forecast.
pre-FOMC jitters ....

now we wait again, just look after the downside of our trades like always.
Let the market decide on our profit.

.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,616
  • Feb 15, 2012 4:54am Feb 15, 2012 4:54am
Quoting mikelee
trading is boring a little laughter goes a long way for my health...
Trading is the best job in the world my man!
The hours i spend in my part time job are agony haha, i cant wait to get back to my desk!
  • #4,617
  • Feb 15, 2012 5:04am Feb 15, 2012 5:04am
sit back and relax now and watch how it goes. good luck to all
  • #4,618
  • Feb 15, 2012 5:04am Feb 15, 2012 5:04am
Move my SL to BE... "Free Ride"...
  • #4,619
  • Feb 15, 2012 5:16am Feb 15, 2012 5:16am
Back in green, looking good ATM but Pivot Point at 1.3145 could hold it back. Will monitor it and see if it crosses or may just take my profits and run, then wait for the next move.

Good Luck
  • #4,620
  • Feb 15, 2012 5:22am Feb 15, 2012 5:22am
Bailout at +15, i am a little sceptical as it bounced off the Pivot point twice, will wait it out to see what happens, could be 3 strikes and you're out.
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