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  • #633,841
  • Apr 26, 2012 6:00am Apr 26, 2012 6:00am
Break out the jack hammer baby.... the 3208 has gotta crumble.
It's the simple things in life that have the most powerful meaning.
  • #633,842
  • Apr 26, 2012 6:01am Apr 26, 2012 6:01am
Quoting Itrade24h
Hahahaha...a lot of rich people living in Marbella...great weather, a lot of party...nice beach....
The paradise...
rat
  • #633,843
  • Apr 26, 2012 6:02am Apr 26, 2012 6:02am
Quoting rattyo
if this hr candle don't close below 13210 I'll close short
1H closed 1.3209. Do you believe it will continue below daily pivot line towards 1.3185 ?
  • #633,844
  • Apr 26, 2012 6:04am Apr 26, 2012 6:04am
Quoting rattyo
if this hr candle don't close below 13210 I'll close short
13207 ,, closed..
  • #633,845
  • Apr 26, 2012 6:05am Apr 26, 2012 6:05am
Quoting atif089
Just experience.

I scalp based on S/R lines and between Fib levels :-)

At work right now, will post my charts later when I'm home.

P.S - Don't rely on me yet, I bloated 4 accounts in 2 years and this is my first account so far which has profits. :-)
Learnt a lot last couple of days and still on a learning curve.

Thanks Cloggie and Mohan !!

P.S - Cloggie I successfully managed to close nedging trades with profit :-) and nedging is out of my strategy now. Thanks mate !

Cheers
thanks bro trading at work is a bitch aint it
  • #633,846
  • Apr 26, 2012 6:05am Apr 26, 2012 6:05am
Quoting mohan76
looks some one trying to hard take some stop before he place his sell order , i am eyeing on 6250 to short .
Already took one, but i want add another one around 1,6220..stop above 1,625x.
COT: The precious data ignored
  • #633,847
  • Apr 26, 2012 6:07am Apr 26, 2012 6:07am
Quoting tomspin
I did TP 1,3228 I am not greedy

possible..just hard,,

Sonic
  • #633,848
  • Apr 26, 2012 6:09am Apr 26, 2012 6:09am
Ok kids, she is finally taking a breather here. Hourly and H4 are both pointing down now for the first time since Monday. The 15 is starting to range, the 30 is undecided.

The daily has been the trigger so far all of this week, hence the 3260 and still has a major role to play here.

Would I buy it here? Nah not really and neither should you unless you are darn good in counterscalping based on at least 5 years of trading history and a couple of thousand trades so you know your exact edge...

Time for early lunch here while I watch the news wires to see what is cooking for the afternoon, we have barely moved 60 pips, another slow day for this pair and are right back where we started. People that have paid attention this week, know the exact number I am looking at here as a decider, it has only been in play for the last 2 days....
  • #633,849
  • Apr 26, 2012 6:09am Apr 26, 2012 6:09am
Quoting leb_cedars
thanks bro trading at work is a bitch aint it
true bro. and it gets more irritating with your colleagues peeping at your screen who have no idea what you are doing and who think you are making millions every day.
Poker is for kids, I play FOREX.
  • #633,850
  • Apr 26, 2012 6:09am Apr 26, 2012 6:09am
its gonna take a while for 1hr to close and turn,till then hoping my shorts break thru 3206 to 3185
  • #633,851
  • Apr 26, 2012 6:11am Apr 26, 2012 6:11am
Quoting cloggie
Ok, why do I bother.

Please don't give up Cloggie on all of us. Some of us are ( i for one) are listening HARD to everything you are saying.

Thanks for all your effort.
  • #633,852
  • Apr 26, 2012 6:12am Apr 26, 2012 6:12am
for those of you who are interested in sterling:
Update: after the drop to 1.6080, sterling has pushed nicely upwards. I see that the upside levels are very limited as we are already overbought on some indicators on the daily chart, and I suspect that 1.6230 -1.6290 should limited the upside for now. However, the weekly charts might suggest a test of 1.6400, and the indicators are not extremely overbought yet. It is healthy for a retrace now lower to at least 1.5940 to reset the daily indictors from being overbought, and then for a smooth move higher to 1.65 -1.67 levels. Failing to do that and continuing higher to 1.6400 means that the weekly charts will be overbought and we might see a hard drop as a consequence.

Weekly chart if we have a retrace now:

Weekly bar chart:



Weekly chart without a retrace:


Stochastics is way overbought on the daily charts:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly1.png Size: 89 KB
Click to Enlarge Name: weekly bar.png Size: 70 KB
Click to Enlarge Name: weekly 2.png Size: 94 KB
Click to Enlarge Name: stoch.png Size: 52 KB
  • #633,853
  • Apr 26, 2012 6:13am Apr 26, 2012 6:13am
Quoting PipAdder
Ok, I'll bite...

Why the significance of that particular level (3260)? I can see a few hourly lows resting there on march 29th, so I assume it is because it was the last significant low before the sudden drop, but what made you so sure it'd get there after 3231?

This is just a genuine question, btw, no other intentions. I am just interested in the reasoning behind the numbers.

I told you about it a week ago and gave you the reasons, even explained what timeframe and what bunch of traders are looking at that number for what reason.
  • #633,854
  • Apr 26, 2012 6:14am Apr 26, 2012 6:14am
Time for lunch.


Toodles.
  • #633,855
  • Apr 26, 2012 6:16am Apr 26, 2012 6:16am
Quote
Originally Posted by Saintpeter http://www.forexfactory.com/images/buttons/viewpost.gif
Hey guys,

I am short:

@1.32282
1 lot size
SL 100 pips (1.33282) 0,25% risk
TP 33 pips (1.31950) $333 reward

so $1000 is 0,25 % for you? Means you trade with $250k account? 1 lot? Wow!
  • #633,856
  • Apr 26, 2012 6:18am Apr 26, 2012 6:18am
Quoting cloggie
Time for lunch.


Toodles.
bon appetit
  • #633,857
  • Apr 26, 2012 6:19am Apr 26, 2012 6:19am
Quoting -JaZ-
1H closed 1.3209. Do you believe it will continue below daily pivot line towards 1.3185 ?
I don't take to much notice of daily pivots

Look at monthly and Weekly pivots
The monthly is at 13241- weekly -13143 so 100 points to
range in between where we are stuck
its briefly been over the monthly pivot didn't consolidate
manage to stay above it to justify longs.

Shorts news flow is somewhat negative today need indice selling when the
US open and shorts should flow. you cant have a long term position in this
pair at the moment. best take your points and log off.
rat
  • #633,858
  • Apr 26, 2012 6:19am Apr 26, 2012 6:19am
Quoting flofri
so $1000 is 0,25 % for you? Means you trade with $250k account? 1 lot? Wow!
Sorry, your calcs are wrong... the acount have $400k not 250k... if you just cant calc a single percent i advise you to put trading aside till you have fixed your math issues...

Cheers,

Saint
  • #633,859
  • Apr 26, 2012 6:20am Apr 26, 2012 6:20am
Looking around 1,323x for a short...otherwise a break below 1,3200
COT: The precious data ignored
  • #633,860
  • Apr 26, 2012 6:21am Apr 26, 2012 6:21am
http://blogs.wsj.com/marketbeat/2012...rms/tab/print/

http://blogs.wsj.com/marketbeat/2012...ent/tab/print/
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