Ominous daily candlestick. Definitely worth taking a short here.
- #597,944
- Feb 21, 2012 5:51pm Feb 21, 2012 5:51pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #597,947
- Feb 21, 2012 5:58pm Feb 21, 2012 5:58pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
1st pierces now bulls defending, waiting retest out come, very good rr for longs, if retest holds, my shorts be ok
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- #597,948
- Feb 21, 2012 6:03pm Feb 21, 2012 6:03pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
mm Bulls didnt like little pierce into their territory, bears fighting like hell, maybe attack for 2nd attempt, time to be sitting on hands and let this scrap play out, trigger finger scalpers, be very happy
looks Tokyo also giving bear signal
Mohan
- #597,949
- Feb 21, 2012 6:05pm Feb 21, 2012 6:05pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Adjusting my short from 1.3256 according to current price action:
Move SL to 1.3280.
I think I am getting a bit greedy (hopeful) with my last two trades and not taking profit according to current market price action. Well no more trade what I see NOW ....
just a thought.nice simple chart, I have similar, equi triangle generally 50/50, breakout, can give nice pips, breakdown, would be continuation trend higher tf,s waiting patiently
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- #597,950
- Feb 21, 2012 6:20pm Feb 21, 2012 6:20pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #597,951
- Feb 21, 2012 6:23pm Feb 21, 2012 6:23pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #597,952
- Feb 21, 2012 6:25pm Feb 21, 2012 6:25pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Bull like Asian green grass
looks Tokyo also giving bear signal
lady bears fighting their butts off, we will see, aussie leading kiwi they scraper bears
brit prs trying hard, EU still bloody tardy, just poke her toe through now, bigger the scrap bigger the BO heh heh
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- #597,953
- Feb 21, 2012 6:26pm Feb 21, 2012 6:26pm
1st pierces now bulls defending, waiting retest out come, very good rr for longs, if retest holds, my shorts be ok
mm Bulls didnt like little pierce into their territory, bears fighting like hell, maybe attack for 2nd attempt, time to be sitting on hands and let this scrap play out, trigger finger scalpers, be very happy
I've got a sneaky feeling that price will rally as far as 1.3318. Of course it would have to invalidate the H&S pattern first, which has been touted by a few on here and if it does I think we're in for a good shout.
So far we haven't seen much of a pump and with the Bears struggling to overcome 1.3225 right now I'm estimating that the bulls will hold up until London open - final push through till 8-9am GMT before free-falling again. 1.3318 is also just below recent high early Feb so that's another reason for the Bulls wanting to test it, taking out some SL's in the process.
It's very premature, but I'm basing this on a potential butterfly completing @ 1.3318 (not sure if BC leg is complete just yet - but assuming the points above hold any truth, maybe? ^_^
Does anyone else see it or am I just crazy?
I'm just a small fish in a large pond; forever swimming against the tide.
- #597,957
- Feb 21, 2012 6:35pm Feb 21, 2012 6:35pm
Imagination rules the world ...
Selym Hyll Return This Year:
na
- #597,958
- Feb 21, 2012 6:46pm Feb 21, 2012 6:46pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Pretty sure there'll be retests on all fronts.
I've got a sneaky feeling that price will rally as far as 1.3318. Of course it would have to invalidate the H&S pattern first, which has been touted by a few on here and if it does I think we're in for a good shout.
So far we haven't seen much of a pump and with the Bears struggling to overcome 1.3225 right now I'm estimating that the bulls will hold up until London open - final push through till 8-9am GMT before free-falling again. 1.3318 is also just below recent high early Feb so that's...
For me eu is very tardy, a little rogue compared with sync pairs, is why think scalpers will be having a ball, for me rr is still with bull, never sell support blah blah , but I waiting more corelation, and breach, retest and hold of supports, my 1st fills this week are well above, with 50 pip trailing stops, if supports look like holding I will squeeze stops, however if they can break and hold these supports, I will recalculate trailing stops to just above supports,
I happy to wait patiently,
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- #597,959
- Feb 21, 2012 6:47pm Feb 21, 2012 6:47pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #597,960
- Feb 21, 2012 7:02pm Feb 21, 2012 7:02pm
Everyone see same pa but interpret differently, this is normal,
For me eu is very tardy, a little rogue compared with sync pairs, is why think scalpers will be having a ball, for me rr is still with bull, never sell support blah blah , but I waiting more corelation, and breach, retest and hold of supports, my 1st fills this week are well above, with 50 pip trailing stops, if supports look like holding I will squeeze stops, however if they can break and hold these supports, I will recalculate trailing stops to just above supports,
[b]I happy...
I decided to hedge my shorts towards the end of London session as I weren't too sure where we were headed with this. Looking to short below support* but might get a better opportunity at the end of a rally maybe? I'm taking a back seat till London session before re-opening again. Could do with the sleep LOL.
so far i don't see any trap (kind of range with bearish potential ), 32 bit hard to crack , Asia usually don't make big move
p.s. We're not supposed to see the traps, not until it's happened. Wouldn't be much of a trap otherwise.
I'm just a small fish in a large pond; forever swimming against the tide.