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  • #5,861
  • Mar 1, 2012 4:02am Mar 1, 2012 4:02am
Quoting nunrgguy
I know this is a late call and can't do a screen shot from OANDA but took the long on cable @ 5945. Slighly in drawdown atm
Hi,

Your trade may just work out well. There is a base for long, you just need to manage this trade.
Should this GU break high and EU standstill, it would help my EG trade maximise.
Euro is weak against AUD, GBP and CAD.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,862
  • Mar 1, 2012 4:22am Mar 1, 2012 4:22am
Quoting josh11
29/2 @6am candle If you look at the open and close of candle it engulf most of the asia range...

hope that help
Thank you very much, josh!
  • #5,863
  • Mar 1, 2012 4:28am Mar 1, 2012 4:28am
Quoting vcary
Thank you very much, josh!
Anytime
  • #5,864
  • Mar 1, 2012 4:44am Mar 1, 2012 4:44am
1.3292 could be nice support level.... if gets there
  • #5,865
  • Mar 1, 2012 5:32am Mar 1, 2012 5:32am
Hey X-MAN, checking to see if you spoke to Bernanke and which way is he going to move the market today.
My assumption is (trying to think like the big boys) we brought it down yesterday and made a ton of money, let's bring it up today and make another ton. What do you think? Not sure which way to go, therefore i will sit out until i see a movement, to many speculations.
  • #5,866
  • Mar 1, 2012 5:40am Mar 1, 2012 5:40am
Went short on after the candle was rejected by 60EMA. Now +20 Pips.. just want to get today my 50 pips .. thats all... hope that bernake will support me here

Take care guys!
  • #5,867
  • Mar 1, 2012 5:46am Mar 1, 2012 5:46am
Quoting Sender
Went short on after the candle was rejected by 60EMA. Now +20 Pips.. just want to get today my 50 pips .. thats all... hope that bernake will support me here

Take care guys!
lol that was funny.Poke X-man to call Ben!
  • #5,868
  • Mar 1, 2012 5:54am Mar 1, 2012 5:54am
i am not trading yet. not sure which to go. doesnt have any good setup yet. what do you guys think?
  • #5,869
  • Mar 1, 2012 5:58am Mar 1, 2012 5:58am
Quoting ljin
i am not trading yet. not sure which to go. doesnt have any good setup yet. what do you guys think?

do you see a TRT of support 1.3320? break???
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,870
  • Mar 1, 2012 6:02am Mar 1, 2012 6:02am
Quoting Phx62
.... That is the main difference between what Big E taught and what X-Man has developed. I do not use the Stochastics on the H1 time frame. I do still have them on my M15 chart for times that I scalp the market for a few pips.
Regards and success to you.....
Phx62

when you scalp the market with M15, do you use the MA 200 also as reference? or when scalping M15 does it work good with the original TMS method after a cross on the first candle?
  • #5,871
  • Mar 1, 2012 6:10am Mar 1, 2012 6:10am
Quoting ljin
i am not trading yet. not sure which to go. doesnt have any good setup yet. what do you guys think?
yeah.. the market is quite choppy today.. i am trading today with a very very small sl and tp... i took 20 pips during asia session and now again 25 pips right after LO when the price was rejected by the 60EMA..

But on those days its better to stay out than... very risky.

I am only trading cuz, 1. Demo Account, 2. today i am free and.. 3. i live in central europe (germany) .. therefore its no big deal for me to trade LO and NYSE.
  • #5,872
  • Mar 1, 2012 6:15am Mar 1, 2012 6:15am
Quoting ljin
i am not trading yet. not sure which to go. doesnt have any good setup yet. what do you guys think?
Probably just need a bit more patience. Read X-Man comment below from last month. Hopefully we will see a setup later today.
Quoting X-Man


When PA slows down today then PA needs news to gain momentum and that usually almost happens during the London and NY overlap. You just have to keep your eye on the forex calender and notice when is there red alert news and you trade that TDI cross
  • #5,873
  • Mar 1, 2012 6:18am Mar 1, 2012 6:18am
Quoting emmanuel7788
do you see a TRT of support 1.3320? break???
what is TRT?

ouch. did you mean the inside bar at h1? dang. i didnt saw it lol. but is not that TDI still havent cross yet?(though it bounce the mbl. probably i should take that setup?)
  • #5,874
  • Mar 1, 2012 6:33am Mar 1, 2012 6:33am
Quoting ljin
what is TRT?

ouch. did you mean the inside bar at h1? dang. i didnt saw it lol. but is not that TDI still havent cross yet?(though it bounce the mbl. probably i should take that setup?)

TRT= Test and Re-Test of a trendline TL.
There was a H4 Outside Bar at the 1.3320
also a H1 Inside Bar
both are useful for PA entry.

see post#2660 examples
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,875
  • Mar 1, 2012 6:56am Mar 1, 2012 6:56am
Heh-heh Bernake is speaking... Whenever this guy opens his mouth, he sends the dollar down the drain and I mean everytime. I heard some commodities traders say the same thing...

LL
"IN CASH WE TRUST"
  • #5,876
  • Mar 1, 2012 6:56am Mar 1, 2012 6:56am
Is that a indecisive candle or pullback candle? as news are coming out..
Attached Image
  • #5,877
  • Mar 1, 2012 7:12am Mar 1, 2012 7:12am
Never take a candle right before news comes out. If you are in a deal, protect your position. Always wait and see what affect the news is going to have before you jump in. Sometimes you can even jump in just in time for price to turn around so once again, wait and see.

LL
"IN CASH WE TRUST"
  • #5,878
  • Mar 1, 2012 7:13am Mar 1, 2012 7:13am
Quoting LazyLobster
Heh-heh Bernake is speaking... Whenever this guy opens his mouth, he sends the dollar down the drain and I mean everytime. I heard some commodities traders say the same thing...

LL
Isn't Big Ben to give same testimony as yesterday?
  • #5,879
  • Mar 1, 2012 7:19am Mar 1, 2012 7:19am
Zulu: My comment was meaning to be sarcastic; but has anybody else noticed that when ever he speaks it weakens the dollar? Isn't that counter intuitive being as how he is supposed to be on the side of the US? Right now, the big three are strengthening slightly on the dollar and that seems to be normal.
"IN CASH WE TRUST"
  • #5,880
  • Mar 1, 2012 7:20am Mar 1, 2012 7:20am
U-shape recovery within 2 hrs.

sometimes, its good to trade day charts.
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