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  • #11,861
  • Feb 27, 2012 10:23am Feb 27, 2012 10:23am
Just back home after long day@work
My 4h still suggest one more up move "If I'm right next 12h"
3360 and 3460 very important point.
  • #11,862
  • Feb 27, 2012 10:37am Feb 27, 2012 10:37am
Quoting bumapatria
stopped out at Breakeven on that one as it spikes north.
nice trade husky
Hi bump,

I made a loss today on EJ as well , what happens is sometimes that you loose focus in the market as stop hunt moves take place..
Firstly my trade entry was correct but the move surprised me..as I had lost my focus at that point as I was working on some on going business.

Remember the simple dow rule:
If we see a 100 point down move on the dow within 35 mins of the session.99% of the time it is a profit taking move...

I hope this helps...
Being a trader involves a balance of emotions in both profits and loss scenario's and even after 8 years sometimes I make mistakes..
And today is the proof of it..

I hope you will recover from your loss on EJ as you are a very good trader

Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,863
  • Feb 27, 2012 10:48am Feb 27, 2012 10:48am
Quoting BlackWid0w
Hi bump,

I made a loss today on EJ as well , what happens is sometimes that you loose focus in the market as stop hunt moves take place..
Firstly my trade entry was correct but the move surprised me..as I had lost my focus at that point as I was working on some on going business.

Remember the simple dow rule:
If we see a 100 point down move on the dow within 35 mins of the session.99% of the time it is a profit taking move...

I hope this helps...
Being a trader involves a balance of emotions in both profits and loss scenario's and even after...
We are humans. we make mistakes but it really does kick ourselves and in the end i make some things again. Mine happened to be "not waiting for the bar" and to "close". very bad for trading time where the sole purpose to achieve is to be at the right time. when trading according to plan it can be quite surprising how you feel great and the opposite when you aren't.

Emotions is anotehr thing , i agree. i was VERY tempted to remove sstops or widen them on my first entries. i had a battle within. i literally left the room, and i came back stopped out but thats fine. accepting a loss is a skill or habit that needs to come because to my equity i lost only 0.66% (no leverage) but my ego was hit. oh man you are a loser you lost 66 pips. you suck, ur setup is bad, the way u trade is bad. . it really is a battle within. Im thankful when i traded the plan and the loss is covered with the short today.

A quote i found on a book im reading: Trading is another realm of life. In everyday life we switch on our cars with our keys, we wake up i nthe morning when we want to, and we do waht we want to. Our opinions will have consideration. we are in control. Not in the markets. Opinion is not considered in the market. it moves alone - and we can't control it; but we can still control ourselves.
Control yourself to be succesful. To be a TRADER.

The demon is within ourselves. Tame it.
thank you for your consideration BW. always an inspiration to see people like you and Tata.
Have I got something on my face, SOLDIER?
  • #11,864
  • Feb 27, 2012 10:50am Feb 27, 2012 10:50am
RSI Telling me to sell
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  • #11,865
  • Feb 27, 2012 10:54am Feb 27, 2012 10:54am
Quoting Kambooj
RSI Telling me to sell
What TF?
RSI or ur feeling?
  • #11,866
  • Feb 27, 2012 11:03am Feb 27, 2012 11:03am
Be carefull of the "5th wave failure" phenomenon on the last wave of the so called up move.

This thing should have shooted up to 3600 by now, taking too much time to hesitate going up.

There was some good fib number by our friend DBFusion on Friday in respect to levels:
http://www.forexfactory.com/showthre...32#post5417532

I think they are very important to consider.

Quoting egkid
What TF?
RSI or ur feeling?
  • #11,867
  • Feb 27, 2012 11:22am Feb 27, 2012 11:22am
Quoting huskyboy
long @ 3386, sl 3363; tl break and bullish divergence
closed half for 7 pips, rest + 14
  • #11,868
  • Feb 27, 2012 11:24am Feb 27, 2012 11:24am
Quoting Kambooj
Be carefull of the "5th wave failure" phenomenon on the last wave of the so called up move.

This thing should have shooted up to 3600 by now, taking too much time to hesitate going up.

There was some good fib number by our friend DBFusion on Friday in respect to levels:
http://www.forexfactory.com/showthre...32#post5417532

I think they are very important to consider.
1-That's why i asked what TF
2-buy or sell both can b right depends on TF , MM because PA no go in Straight line

3- 1.35 my target since weeks ,I posted chart for that XX
4-I follow my plan and wait 35 to add sell because have no doubt PA will go back to 3150

ps: As Always says
Market do whatever it like but this how i read my own chart and follow my own Plan.
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  • #11,869
  • Feb 27, 2012 3:00pm Feb 27, 2012 3:00pm
Hey Sun Spider,

We're looking at the same thing.
1.3522 would be nice with a spike to 1.36 level. I also have a retest of LTL @ 1.313 - 1.315

Somehow, today looks like a retrace so I'll favor 1.35 level first. We'll see tomorrow

Have a good night all
B.

Quoting egkid
1-That's why i asked what TF
2-buy or sell both can b right depends on TF , MM because PA no go in Straight line

3- 1.35 my target since weeks ,I posted chart for that XX
4-I follow my plan and wait 35 to add sell because have no doubt PA will go back to 3150

ps: As Always says
Market do whatever it like but this how i read my own chart and follow my own Plan.
  • #11,870
  • Feb 27, 2012 4:01pm Feb 27, 2012 4:01pm
Quoting T@rantula
1. Quad bottom
2. Level count bottom ( see the table)
3. Trading hours ( range till NY)

Scalped the bottom.

If it doesnt break 3380 till 14.30-45 gmt, we may have valid long setups. My advice: If u like and you do scalping, go with ECN/brokers with 0.5-1.5 pip maximum spread.
Nice chart... nice example Thks..
  • #11,871
  • Feb 28, 2012 12:22am Feb 28, 2012 12:22am
Quoting egkid
Just back home after long day@work
My 4h still suggest one more up move "If I'm right next 12h"
3360 and 3460 very important point.
As i thought PA now 3450
  • #11,872
  • Feb 28, 2012 12:27am Feb 28, 2012 12:27am
Good morning.
I'm long at DP (1.3415), looking for 1.3462, 1.348 and 1.3515. SL brought @ BE

Quoting egkid
As i thought PA now 3450
  • #11,873
  • Feb 28, 2012 12:33am Feb 28, 2012 12:33am
Quoting egkid
As i thought PA now 3450
yes it is ( 460 is an important level )

today it looks uptrend clearly as us home sales gave way for an up move we can expect new highs for this pair in london session
finding A M S
  • #11,874
  • Feb 28, 2012 1:37am Feb 28, 2012 1:37am
Closed: + 20pips. Looks very weak attempt to go higher. thinking about finding a position for a short
  • #11,875
  • Feb 28, 2012 2:05am Feb 28, 2012 2:05am
Quoting BrunargarFx
Closed: + 20pips. Looks very weak attempt to go higher. thinking about finding a position for a short
once this upper TL is broken ( usd chf chart below ) we might have further bearish trend continuation on EU pair

judging EU moves with UChf

As EU is more spiky and worstly volatile .


till then spikes N spikes and spikes LOL of iT
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finding A M S
  • #11,876
  • Feb 28, 2012 2:44am Feb 28, 2012 2:44am
Where r u T? Sleepy Head
  • #11,877
  • Feb 28, 2012 2:47am Feb 28, 2012 2:47am
Quoting egkid
Where r u T? Sleepy Head
Hey, good morning bro!

Yes my alarm has failed to give me a wake up call

Nevertheless, im here, fresh for the new trading day lets see...
  • #11,878
  • Feb 28, 2012 2:54am Feb 28, 2012 2:54am
As presumed yesterday, that was a retracement whih switched back to an uptrend. 3380 proved excellent for longs and here we are back to upper range of eu trading.

EU is trading in UPPER RANGE and we have a trend on lower TFs, but in order for a trend to be stronger 3458 (3460) must become support.

Attached Image (click to enlarge)
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And guys!
NO BEARISH TREND CHANGE(reversal) ABOVE 3380! 3380 is the level for bears. Intraday is 1 thing , reversal is something completely different.
  • #11,879
  • Feb 28, 2012 3:12am Feb 28, 2012 3:12am
Quoting egkid
Just back home after long day@work
My 4h still suggest one more up move "If I'm right next 12h"
3360 and 3460 very important point.
See what i mean and how important this 2 points
As i said up to 3460 and 1min tf down move 25 pip
Looking forward to see 35 next few H
  • #11,880
  • Feb 28, 2012 3:18am Feb 28, 2012 3:18am
EU higher timeframe analysis:

1. Equidistant channel shows clearly where we are.
2. Above 3500 3610 is the target
3. Below 3385 ( 80) 3285 is the target and possible M pattern breakout at 3365


Watch it, the simpler it is the better and easier to understand.

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