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  • #595,441
  • Feb 15, 2012 7:50am Feb 15, 2012 7:50am
I closed my shorts for the time being. 1.3050 is some nasty barrier and I think that it could have a run up before the final drop down. So looking for sell above 1.32 or whatever I see tomorrow.

Good luck trading
  • #595,442
  • Feb 15, 2012 7:53am Feb 15, 2012 7:53am
Quoting gautam0597
Do u think its a good confirmation of going short..

Criteria: Now that the price has retested today's R1 @7447 and closed below the R1(5 mins candle).. should it be a good place to scalp short for about 20 pips..?
EUR/USD is clearly the leading pair today, I always check the other USD pairs when we have that kind of domination. A good confirmation for multiple currencies short? well if you are fast enough yes, I like to put very tight stops on the "following" currencies, today 40% of the stop i used for eur/usd.

I'm out of the market now and probably won't look at anything else today.

Well I don't know to be honest, I take only reactive trades and look at the murrey lines for confirmation. Right now the AUD is in my no trade zone between 3/8 and 5/8 so i wouldn't enter short unless we get a nice size candle penetrating the 7346 level ( or after a bounce on 5/8 but it is not the best setup cause it is hard to judge the candle validity on a bounce. )

You can see that I did just that earlier taking the AUD short at the 7498 (5/8 ) penetration ( 7493 exactly ) of course the main idea was to follow the eur/usd move but the murrey line did confirm the validity of the trade.
  • #595,443
  • Feb 15, 2012 7:54am Feb 15, 2012 7:54am
If there are a good big news from USA, down 100 pips more, i hope so, and i think you too
Think Different
  • #595,444
  • Feb 15, 2012 7:55am Feb 15, 2012 7:55am
Quoting krwawnik
i dont believe u.

it was a mistake or a luck, but none technical analising.

or u lied to us.

as i say i dont believe.
Only because i hate being called a liar...first and last time i show it since i do not need to prove anything to you....

Attached Image (click to enlarge)
Click to Enlarge Name: 15-02-2012 14-52-49.png Size: 6 KB
COT: The precious data ignored
  • #595,445
  • Feb 15, 2012 7:55am Feb 15, 2012 7:55am
Big picture is that if today's close is around 1.3050/60, monthly is about to turn bearish.
They think they are smarter than I am.
  • #595,446
  • Feb 15, 2012 7:56am Feb 15, 2012 7:56am
Quoting Tobinguyen
If there are a good big news from USA, down 100 pips more, i hope so, and i think you too

Good luck. To much absorption volume this is going to 1.3250.
Remember, 2 hours left till 8 hour candle closes, they buy it back and end on the high. US always does this trick to shake you all out. Watch the next 2 hours.
Strength appears on DOWNBARS with BIG volume mostly on news events.
  • #595,447
  • Feb 15, 2012 8:03am Feb 15, 2012 8:03am
Quoting KillerWhale
Good old Euro didn't disappoint me.

Lower Highs, Lower Lows

Next = break of 1.3030
Do you think the pair will go bellow 1.29 next week? I have my targets on 1.2970 and I holding it 18 days. :-) It will be time to close these positions I hope. :-)
  • #595,448
  • Feb 15, 2012 8:05am Feb 15, 2012 8:05am
Quoting kuroro001
Short from 1,3170 still intact
I'm still short from yesterday
New voice message: Why are you calling me? If I need you, I'll call you!
  • #595,449
  • Feb 15, 2012 8:09am Feb 15, 2012 8:09am
Quoting Henryk
Do you think the pair will go bellow 1.29 next week? I have my targets on 1.2970 and I holding it 18 days. :-) It will be time to close these positions I hope. :-)
I don't know if it will or won't Henryk.. fundies seem to be coming together in a way that will cause a test of 1.3026... that's a key level to players of the daily chart and a definitive break of it could easily see you back at break even.

What I do know -- its usually better in the long run not to hang onto a losing position than is much more that 1% against you. about 132 pips now...
  • #595,450
  • Feb 15, 2012 8:10am Feb 15, 2012 8:10am
Quoting kuroro001
Only because i hate being called a liar...first and last time i show it since i do not need to prove anything to you....

Attachment
sorry if u feell bad with that.

now have a look:

u wrote down at first time 170, and on picture is 175.

i told u that i dont believe you, but this 5 points, are very important and change at all my big picture of your style of trading.


good for u, nice decision, nice trade, keep it trading.

(u must say that 170 as a entry point it was a stupid idea )

take care.
pls feel better now
  • #595,451
  • Feb 15, 2012 8:16am Feb 15, 2012 8:16am
That tic data was a bit shite,wonder where all
the moneys going.
You can remain irrational longer than you can remain solvent.
  • #595,452
  • Feb 15, 2012 8:17am Feb 15, 2012 8:17am
maybe a rebound south from 3105?
Trade what you see not what you hope
  • #595,453
  • Feb 15, 2012 8:19am Feb 15, 2012 8:19am
L @ 1.31 for a scalp
  • #595,454
  • Feb 15, 2012 8:19am Feb 15, 2012 8:19am
I like rolling stones!!!!
  • #595,455
  • Feb 15, 2012 8:20am Feb 15, 2012 8:20am
Quoting hutrader
Good luck. To much absorption volume this is going to 1.3250.
Remember, 2 hours left till 8 hour candle closes, they buy it back and end on the high. US always does this trick to shake you all out. Watch the next 2 hours.
Strength appears on DOWNBARS with BIG volume mostly on news events.
thanks.i lost only 10pips
Think Different
  • #595,456
  • Feb 15, 2012 8:20am Feb 15, 2012 8:20am
Quoting hutrader
Good luck. To much absorption volume this is going to 1.3250.
Remember, 2 hours left till 8 hour candle closes, they buy it back and end on the high. US always does this trick to shake you all out. Watch the next 2 hours.
Strength appears on DOWNBARS with BIG volume mostly on news events.
hutrader, sounds like some VSA lingo in your post. Dead right about the strength coming in on down bars. Had some potential climactic action around 8:15am with the bar closing well off it's lows hinting at strength coming in...

I guess we wait and see...
  • #595,457
  • Feb 15, 2012 8:20am Feb 15, 2012 8:20am
Quoting infinity76
I like rolling stones!!!!
I like Miles Davis
  • #595,458
  • Feb 15, 2012 8:20am Feb 15, 2012 8:20am
Quoting Henryk
Do you think the pair will go bellow 1.29 next week? I have my targets on 1.2970 and I holding it 18 days. :-) It will be time to close these positions I hope. :-)
sorry i don't agree, now is starting the gig run up to 1.3390
  • #595,459
  • Feb 15, 2012 8:21am Feb 15, 2012 8:21am
Whats up Z and Jez, hope you guys are doing well today. Did you catch that killer move down around 730?
  • #595,460
  • Feb 15, 2012 8:22am Feb 15, 2012 8:22am
In the M15 time frame there was a perfect pin-bar, so I think we will go sideways a bit or get control of the bulls.
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