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  • #6,241
  • Mar 7, 2012 2:02am Mar 7, 2012 2:02am
The cross doesnt look nice though, it looks like a flat cross.
I shall wait for it to retest daily pivot again first
  • #6,242
  • Mar 7, 2012 2:05am Mar 7, 2012 2:05am
Quoting emmanuel7788
Hi,
Just watching EURUSD prior to LO.
what other confirmation to ensure a high probability trade?
Practice ...practice...practice
nearly gone short. but when i see small red candle open at LO. i am decided not to get in yet. and perhaps i am right lol
i had a feeling now the price want to go bullish. but i astill not sure. how do you think? what do you think we need as another confirmation?
  • #6,243
  • Mar 7, 2012 2:05am Mar 7, 2012 2:05am
PA didn't break the last fractal.
  • #6,244
  • Mar 7, 2012 2:06am Mar 7, 2012 2:06am
Too bad for my just opened short, will see how this plays out
  • #6,245
  • Mar 7, 2012 2:07am Mar 7, 2012 2:07am
What do you guys think PA will go? It is still stuck in the Asian range. And there is a daily pivot there it can't break.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1_030712.png Size: 33 KB
  • #6,246
  • Mar 7, 2012 2:41am Mar 7, 2012 2:41am
Quoting hale-mary
Just want to say sorry to those I may have offended with my recent brash posts. I took a much needed break from the charts to clear my head and have a new appreciation from what the senior members have been saying. The number of loosing trades really got to me. (I think 20 in a row)
Hi hale-mary,

I am not offended by your outburst. That's quite normal under those circumstances you been through and knowing now that you needed some space and think over, it is great to have you in this S3 group discussion.
Going forward from here, we need to know the person inside us and our temperament. Some systems simply do not match the person' temperament to be a trader. Therefore, we will need to design systems that meet our temperament in order to become successful traders.
This is no easy task and takes time. There are professional courses to consider. I have started one one and still half-way through that course.

I will be offended if you give up and quit this group now.

Something taken from reading Friedrich Nietzsche, 1844~1900:

“You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.”

“Under peaceful conditions a warlike man sets upon himself.”

Take care and trade well.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,247
  • Mar 7, 2012 2:42am Mar 7, 2012 2:42am
Early days, but I am looking to short this pair if the current candle lasts to the close as it is? Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd h1.gif Size: 12 KB
  • #6,248
  • Mar 7, 2012 2:47am Mar 7, 2012 2:47am
Nice cross at LO on EU...going short on next candle?

Is this another H&S developing on GU H4? retracement to neck is just starting...

anyone going for this?

any thoughts on these set-ups?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU H1 at LO.png Size: 56 KB
Click to Enlarge Name: Head and Shoulders GU H4.png Size: 44 KB
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,249
  • Mar 7, 2012 2:49am Mar 7, 2012 2:49am
Quoting shoot2scoot
Early days, but I am looking to short this pair if the current candle lasts to the close as it is? Any thoughts?

Looking at the weekly, I will sell it down to 1.029.
The close of this candle may be an oportunity to jump in.
My approach, is to start small, add/ build up positions slowly with gain profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,250
  • Mar 7, 2012 2:56am Mar 7, 2012 2:56am
Quoting emmanuel7788
Looking at the weekly, I will sell it down to 1.029.
The close of this candle may be an oportunity to jump in.
My approach, is to start small, add/ build up positions slowly with gain profits.
Thanks Emmanuel7788, much appreciated.
  • #6,251
  • Mar 7, 2012 3:02am Mar 7, 2012 3:02am
Opened Short

Hopefully it will break 1.3100 !
  • #6,252
  • Mar 7, 2012 3:09am Mar 7, 2012 3:09am
Already short from this morning @ 1.3145. TP 1 is 1.3100
  • #6,253
  • Mar 7, 2012 3:10am Mar 7, 2012 3:10am
Quoting EvoPips
Opened Short

Hopefully it will break 1.3100 !

while you are looking at this pair now, keep very close eye on the TDI on H4, D1 and W1. Learn its behaviour as price develops.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,254
  • Mar 7, 2012 3:20am Mar 7, 2012 3:20am
Hi emmanuel7788,

could you explain more on looking at the higher TF? please give some examples of today's market so i can learn better also helps some here

because i am only looking at the H1 TF.
  • #6,255
  • Mar 7, 2012 3:41am Mar 7, 2012 3:41am
Quoting emmanuel7788
while you are looking at this pair now, keep very close eye on the TDI on H4, D1 and W1. Learn its behaviour as price develops.
is that a warning?

D1 and W1 - still on sale (imo)
H4 - however is oversold (looking like want to go north)

sitting on the hands for now.
  • #6,256
  • Mar 7, 2012 3:45am Mar 7, 2012 3:45am
I am still holding my short.. I think the market is indecisive now.. hopefully it goes down.. fingers crossed!
  • #6,257
  • Mar 7, 2012 3:47am Mar 7, 2012 3:47am
Hi Guys, i have been reading your posts over the last week or so and must say that i am learning a lot here.
I have been trading for the last four years with some success , still learning the mindset of the buis......
i only trade the euro and pound mostly scalping , today for me is wibbley Wedesday and after a large sell off yesterday i think be careful trading today the market tends to take you all over the place .
I am currently long gbp entry @ 15725 tp 15 pips
best of luck in your trading

Tim
  • #6,258
  • Mar 7, 2012 3:51am Mar 7, 2012 3:51am
i am on short when the candle now open. but i feel that it is a wrong decision since the price still not not where it will going by now. i feel that it will going bullish because of IB
  • #6,259
  • Mar 7, 2012 3:59am Mar 7, 2012 3:59am
Quoting EvoPips
I am still holding my short.. I think the market is indecisive now.. hopefully it goes down.. fingers crossed!
Hi evo, i'm also short after LO, what's your TP?

hopefully it develops into our side soonest because US-ADP coming out at NO...

In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #6,260
  • Mar 7, 2012 4:04am Mar 7, 2012 4:04am
Hi Awin,

I got out at the candle close for -10pips. I can't see myself holding on anymore. I will enter again after I see a better set up.
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