EUR/USD: 1.3000 barrier breached, stop-loss orders triggered below

Quoting jaygee

Disliked

yes that is english for "why did i hold long over the weekend?"

Ignored

Ah ha, looks like I need to go back to school. Maybe I'll find my forex edge there as well as learning modern day English.

Dr.Zain

May 7, 2012 11:14am

Quoting oneightwenty

Disliked

My advice to inexperienced traders: stay away from the market for the next one or two days. Let the price cover the gap and calm a bit down. Then we'll see what London does tomorrow after their day-off. We should see a clearer direction.

Ignored

Dax almost filled the Gap, Oneightwenty i love to read your Wise Advises always, keep it up

May 7, 2012 5:58am

I agree with jaygee, it's a coin flip. We had a big selloff and now we've had 9 of the last 11 hourly candles close bullish/up. At this point I'm either looking for a Gap fill or a retest of the lows to see how price reacts. Also, a daily close below 1.3000 could be important, depending on how convincing it is. Going to take some patience, but let price come to you instead of forcing a trade you wish you didn't take!

May 7, 2012 8:35am

Quoting gurangax

Disliked

well one thing im pretty sure is this is not the bottom yet, so selling is much recommended

Ignored

Pretty bold statement!

All I have to say is... 11 of the last 14 hourly candles on EU have been Bullish! It's already back up 100pips from it's lows and right back into the 1.3000-3300 range.

Also, look back at Feb. 16th, March 15th, April 16th...EVERY time it dipped to 1.3000 or slightly below what did price do??? Rallied 200-400pips. Will history repeat itself again? Time will tell. Just don't get locked into one-way thinking.

Trade smart!

May 7, 2012 8:47am

Quoting jaygee

Disliked

Will the gap close? I have a present for it if it does

Ignored

haha...Go Get Em Jaygee! I can see that happening. Not sure about the bottom falling out as some suggest. But Gap fill and retest of the lows are the highest probabilities I see at the moment. But as I've said many times before...I need a convincing daily close below 1.3000 to believe the downtrend will continue. Until then, it's still a 1.3000-3300 range on my charts.

May 7, 2012 10:17am

Quoting jaygee

Disliked

After it tagged the daily 62 fib it bounced back to the old 50 fib. The range is narrowing. Might get a true direction if it will break out but i doubt it.

Ignored

You're guess is as good as mine. If the EU can't close below 1.3000 after all the bad news last week, the elections this past weekend, the global problems and all the negative sentiment out there(not to mention the many other reasons I've listed in the past)....then it will just go up. Heck, it didn't selloff in London, nor did it selloff in US session. Me thinks it was just a knee jerk reaction to the elections....now back into it's range.

May 7, 2012 10:27am

Quoting oneightwenty

Disliked

You most likely are right.
I'm not overly bearish, but what i see in todays price action is a calm before the storm though.

Ignored

That's what bothers me...lots of people think the euro is toast, it's the calm before the storm, it's the end of the euro, etc... But nothing on the charts is telling me that yet. All I see is a fake selloff and nearly 16hours of buying right back up into the 1.3000-3300 range. I hope the "doom and gloom" crowd is right so they can make some money. But I can't just trade that until the charts tell me to. I learned a long time ago that my opinions don't matter to the market...it will do what it wants to do.

May 7, 2012 10:53am

Quoting oneightwenty

Disliked

My advice to inexperienced traders: stay away from the market for the next one or two days. Let the price cover the gap and calm a bit down. Then we'll see what London does tomorrow after their day-off. We should see a clearer direction.

Ignored

Good advice there.

Fibonaccifx

May 7, 2012 3:39am

Quoting remik_g1

Disliked

so the price going back to normal position? you buying now?

Ignored

Same thing was on my mind. Gap trick, first give us gap and then fill up this hole will bullish movement. I m not trading for now, but IMO we will go back up and or maybe few lines above and then back down to the point where we wanted to land.

Greener

May 6, 2012 5:47pm

holland's election may be good for Euro and for general consumer confidence/sentiment...growth plans were long needed ...merkozy strict if not obtuse austerity politics were a failure for Euro..even Germany struggled lately...Greece may as well decide to leave the Eurozone...which is good news in a way

Greener

May 6, 2012 6:17pm

don't have longs right now but I wouldn't bet on this violent drop either...tomorrow is bank holiday in uk so anything may happen in the meantime even a huge reversal back to friday close....however Merkozy didn't work and that's a fact. time for new hopes.

Greener

May 6, 2012 7:07pm

mmmm....lots of gold buyers out there...according to last cftc report. I wouldn't focus on Greece right now...just waiting for hollande speech/propositions on growth...I see a more balanced EZ now with a lighter Germany and alternative larger France/Italy coalition in EZ ...apparently Obama congratulated with Hollande and spoke about growth plans for Europe and benefits for US economy

May 7, 2012 10:22am

Quoting Tw0eleven

Disliked

You're guess is as good as mine. If the EU can't close below 1.3000 after all the bad news last week, the elections this past weekend, the global problems and all the negative sentiment out there(not to mention the many other reasons I've listed in the past)....then it will just go up. Heck, it didn't selloff in London, nor did it selloff in US session. Me thinks it was just a knee jerk reaction to the elections....now back into it's range.

Ignored

You most likely are right.
I'm not overly bearish, but what i see in todays price action is a calm before the storm though.

May 7, 2012 10:41am

Quoting Tw0eleven

Disliked

That's what bothers me...lots of people think the euro is toast, it's the calm before the storm, it's the end of the euro, etc... But nothing on the charts is telling me that yet. All I see is a fake selloff and nearly 16hours of buying right back up into the 1.3000-3300 range. I hope the "doom and gloom" crowd is right so they can make some money. But I can't just trade that until the charts tell me to. I learned a long time ago that my opinions don't matter to the market...it will do what it wants to do.

Ignored

Don't get me wrong, i just said i am bearish not that i'm waiting for a bearish continuation, or 'storm'. It can go up too, i don't care as long as i can follow the market (like it did 3 weeks ago). I can't see a clear direction on the charts yet, and until the edges of the 1.3-1.33 range won't give in we can't talk about a trend either. What i meant by that 'calm before the storm' analogy is whatever happens (1.3 holds/1.3 gives in) we might see a big move.
My *opinion* is there are more reasons to get short on the euro than to go long, but a really small retail trader's opinion - like myself - does not count. I'm more than happy to follow any developments in the future, be it upwards or downwards.

May 7, 2012 10:44am

Quoting Dr.Zain

Disliked

Greek and French voted anti austerity and anti bail,this made the Euro zone Markets RED, am i right?

Ignored

In a nutshell: yes.
Although its more about political uncertainty, than what the people voted for/against.

May 7, 2012 10:48am

My advice to inexperienced traders: stay away from the market for the next one or two days. Let the price cover the gap and calm a bit down. Then we'll see what London does tomorrow after their day-off. We should see a clearer direction.

May 8, 2012 2:14pm

Quoting rockerhell

Disliked

Sure but plz suggest me when to go long so atleast ill recover what i lost. I know the matket will rise to atleast 1.33 maybe next week but yes it will rise. I AM NOT SURE WHAT THE PRICE I SHOUD BUY because the market is fluctuating over 500 pips since yesterday.

Ignored

You KNOW that? Then quickly forget that and start looking @ your chart and trade what you SEE, not what you THINK will happen!

Dr. forex

May 6, 2012 6:07pm

Quoting Greener

Disliked

holland's election may be good for Euro and for general consumer confidence/sentiment...growth plans were long needed ...merkozy strict if not obtuse austerity politics were a failure for Euro..even Germany struggled lately...Greece may as well decide to leave the Eurozone...which is good news in a way

Ignored

but this needs long months for the market to settle so shorts will stay in control

Dr. forex

May 6, 2012 6:07pm

Quoting Greener

Disliked

holland's election may be good for Euro and for general consumer confidence/sentiment...growth plans were long needed ...merkozy strict if not obtuse austerity politics were a failure for Euro..even Germany struggled lately...Greece may as well decide to leave the Eurozone...which is good news in a way

Ignored

you need to watch how Gold is acting before adding to longs

fx4money

May 6, 2012 6:57pm

will keep buying gold for now.

gurangax

May 7, 2012 8:15am

well one thing im pretty sure is this is not the bottom yet, so selling is much recommended

Patience

May 7, 2012 8:05am

Quoting Guest

Disliked

F&*^%% u a&* hole mother f&^%%^kn b$&ch

Ignored

Is that English? My Google translator does not comprehend.

Dr.Zain

May 7, 2012 10:37am

Greek and French voted anti austerity and anti bail,this made the Euro zone Markets RED, am i right?

May 7, 2012 5:12am

Quoting jaygee

Disliked

sell eur/usd 2956 long 3016

Ignored

You just posted on another thread to sell e/u at 3034! haha Are you scalping?

May 7, 2012 10:12am

Quoting gurangax

Disliked

im targeting 2700

Ignored

Hope it works for you...I don't like to see people lose money.

May 7, 2012 6:43am

Current price 1.30350-380, should i buy and go long or wait for the market being raped ? I was unable to take benifit of buy 1.20600-700 and go long because my account was messi at that time trades was opened on which i was facing the loss. it's ok now only 1 buy opened to my account on which -32$ loss. i won't let it go in loss. i have 85+% account Capital unused. waiting for openion.

May 7, 2012 8:12am

From Now on I am using the 150 pips sl no matter if I lost all the trades in the future batterthen paying 2000 pips SL which is negative. Now I am not opening any shots in the future only wait for the least price or the top resistance to take maximum advantage with using 150 pips SL. Actually it was a short position which remain opened for too long with huge SL. Yea I am sitting on it, i will close whenever I have a chance.

May 7, 2012 8:17am

Quoting jaygee

Disliked

if you took a long here at 3022 at .2 lots your average would be 3048. An easier exit point for today. Some sell pressure coming in now leading into the open.

Ignored

Should I open a selling position with 0.20 lot size ? Market will go down ?

May 7, 2012 8:30am

Got it, that's a fine and helpful advice you provided. Thankyou again. I am sure I had enough with those kind of mistakes right now. I have to be more careful because while ago you advices me that is a real money I am messing with.

May 8, 2012 9:18am

Quoting Rana Shahzad

Disliked

Hallande may be good for Eur but it will take some time. at present Eur/USD is not in good position. in my view gold may touch below 1600 in next 72 hours or so....

Ignored

what a guess lol. it really droped to 1600

May 8, 2012 1:39pm

Quoting hss

Disliked

i meant in the coming week nt today.. trade in dips

Ignored

If you are sure it will fall to that position then ill close the opened gold trade for long, i am having 10+$ profit. Should i close ? its a buy trade. bought at 1602.--

May 8, 2012 1:52pm

Quoting hss

Disliked

...
it will be stable fr today and tmrw take sell from 1625-29 or the highest

Ignored

thnx for helping man, i am the kid of the market, can you tell me how you are so good with predicting so ill be able to recover as many losses i have made. I lost my account 2 week ago, that is a redeposit

May 8, 2012 2:05pm

Currently i am reading of babypips.com. "jaygee" suggested me but that true i have no experience. Hope i will not have another account wipe because i am playing with care withg keeping 80% unused. I don't know when will be the time to go long on EURUSD for atleast 1.26+ but right now Eur falling and all Europ's major index in negitive. That why i am not entering any EURUSD trade.

May 8, 2012 2:10pm

Quoting jaygee

Disliked

i bought 3004 rockerhell. closed the shorts overnight and went long eur. closed my gbp short too. buy the bottom, sell the top. still stuck in this ever closing range so stay the course until it changes.

Ignored

Sure but plz suggest me when to go long so atleast ill recover what i lost. I know the matket will rise to atleast 1.33 maybe next week but yes it will rise. I AM NOT SURE WHAT THE PRICE I SHOUD BUY because the market is fluctuating over 500 pips since yesterday.

May 8, 2012 2:14pm

Quoting jaygee

Disliked

work on those charts rockerhell. start looking for patterns and supp and resistance levels with moving averages and trend lines. Look for a good way to determine overbought and oversold. it will help.

Ignored

I am working and reading 16+ hours, soon ill be able but for now ill bother you to help. I sleep 8 hours in 2 days lol.

May 8, 2012 10:17pm

Quoting hss

Disliked

...
it will be stable fr today and tmrw take sell from 1625-29 or the highest

Ignored

I bought 0.10 Lot at 1602.23 Used TP 1610 SL 1595, Maximum reaching position while predicted 1625-29
Status Closed on 1595
Loss P/L -47$

That was a bold statement with no certainty like a arrow in the air without aiming anything...LMFAO

May 8, 2012 10:22pm

Quoting mima

Disliked

Just fund your account ...that helps for sleeping.
The more often you fund your account the better...

Ignored

No offence dude but all your post contain the same statement

"Just fund your account ...that helps for sleeping.
The more often you fund your account the better..."

That advice isn't good for me because i am reading the same from you since the day i joined here.

May 8, 2012 10:30pm

Quoting Guest

Disliked

0.1 lot 1$/pip or 1.0 lot 10$/pip
Some broker display e.g. 100$ as 10.000 (cents) so it more realistic for youe trading.

Ignored

Trading the same lot and working with charts, Soon ill tell here what i know...

May 8, 2012 10:43pm

Quoting hss

Disliked

brother it went opposite to my expectations too.. usually aftr a drop like this fr continuous 3 days it usually has an uptrend and still i m half confident..lol..that it will touch atleast 1620 before taking a drop

Ignored

Lol no problem, what's gone gone just surprised WTF happen while i used too low TP then the expected. I was sleeping that's why unable to close the trade...Next time if in profit ill use "Trailing Stop". Well help me to recover if we can otherwise it's ok...not your fault.

May 7, 2012 11:23am

The DAX is in fact green now and the SPX narrowed the losses too. Buy-the-dip is in effect i guess, but equity hypes like this one rarely ends nicely, especially in May...

jillsaab

May 6, 2012 5:35pm

Mezedar!! Lazzatdar!! Kukure!! Chatkarey!!
But Thanks, I can see this in my charts too

jillsaab

May 6, 2012 5:37pm

What the stop hunting going on...Poor small traders always get burned

dr khan

May 6, 2012 6:48pm

greek people voted for anti austerity forces now its cleared that greek bailout package is in deep trouble so we can see eur/usd down more and more and gold also ,meanwhile france election also have negative effect on eur/usd so be cautious .

mima

May 7, 2012 4:31am

Quoting Guest IP XX.XXX.195.56

Disliked

where is the down limit for eur/usd?

Ignored

just fund your account and wait or

buy crystall balls on sale so you can know exactly where is up or down limits (balls have a lot of programmable options for your trading style)...

May 7, 2012 5:47am

hello obib, i wouldn't take a long term position in this. Too much of a coin flip. It seems like it has downward pressure with last nights move but it has sold off quite a way already. A lot of people think this goes a lot lower and it might but that makes me nervous as they have been very wrong for sometime now. I like one or 2 day trade buying a mid term bottom and selling a mid term top.

May 7, 2012 7:56am

well you may get out of it today. if you get a chance, get rid of it. it is a bad entry right now. you can add to it and average it down or take a hit on it. if you took a long here at 3022 at .2 lots your average would be 3048. An easier exit point for today. Some sell pressure coming in now leading into the open.

May 7, 2012 12:12pm

yup 3080 is the gap close and the 1h 38 fib. logical choice. was thinking the news would allow the 15m control today but it may not be. i have sell orders above too. i think this goes lower eventually. i will be ready when it does.

Quoting Guest

Disliked

The big players want the gap closed, so I'll join them at 1.3047 with target at 1.3080. EUR/USD has been in up trend for 16 hours

Ignored

May 8, 2012 9:37am

Quoting Rana Shahzad

Disliked

Hallande may be good for Eur but it will take some time. at present Eur/USD is not in good position. in my view gold may touch below 1600 in next 72 hours or so....

Ignored

it will be crossing 1560

May 8, 2012 1:44pm

Quoting rockerhell

Disliked

If you are sure it will fall to that position then ill close the opened gold trade for long, i am having 10+$ profit. Should i close ? its a buy trade. bought at 1602.--

Ignored

...

it will be stable fr today and tmrw take sell from 1625-29 or the highest

May 8, 2012 1:55pm

Quoting rockerhell

Disliked

thnx for helping man, i am the kid of the market, can you tell me how you are so good with predicting so ill be able to recover as many losses i have made. I lost my account 2 week ago, that is a redeposit

Ignored

im just a trader like u.. predictions r mstly accurate due to recent market experiences and advices from fellow traders.. thats all

May 8, 2012 2:05pm

i bought 3004 rockerhell. closed the shorts overnight and went long eur. closed my gbp short too. buy the bottom, sell the top. still stuck in this ever closing range so stay the course until it changes.

mima

May 8, 2012 5:51pm

Quoting rockerhell

Disliked

I am working and reading 16+ hours, soon ill be able but for now ill bother you to help. I sleep 8 hours in 2 days lol.

Ignored

Just fund your account ...that helps for sleeping.
The more often you fund your account the better...

May 8, 2012 10:36pm

Quoting rockerhell

Disliked

I bought 0.10 Lot at 1602.23 Used TP 1610 SL 1595, Maximum reaching position while predicted 1625-29
Status Closed on 1595
Loss P/L -47$

That was a bold statement with no certainty like a arrow in the air without aiming anything...LMFAO

Ignored

brother it went opposite to my expectations too.. usually aftr a drop like this fr continuous 3 days it usually has an uptrend and still i m half confident..lol..that it will touch atleast 1620 before taking a drop

obib

May 6, 2012 7:10pm

euro / usd think about going down to how much information ... please,, thank

obib

May 6, 2012 10:59pm

thank for all the advice, this is very useful for me

obib

May 7, 2012 5:38am

halo jayqee,,,,mean do you think eur / usd long term will likely be down again?

May 8, 2012 5:38am

incoming 12600

May 7, 2012 2:53am

Quoting GlennFX1

Disliked

GBP/USD looks in better form than EUR/USD, thinking of going long there.

Ignored

GBPUSD is holding.. scalping is great for this currency
EUROGBP is very good..hahahaa

May 7, 2012 7:02am

Go long with buying but i have to determine wather the entering place is right or not.

May 7, 2012 7:06am

Opening some buy position at the lowest price whatevet i could and try to buy on the price which not fall morethen 150 pips

May 7, 2012 7:27am

Quoting jaygee

Disliked

wait for US equity open at 930. then decide.

Ignored

Thnx bro, you are so helping....God Bless You!

May 7, 2012 7:45am

It's a buy position on 1.31011 and it's a small 0.10 lot.

May 8, 2012 8:34am

Quoting ProfFX

Disliked

sell 1.3000 tp 1.2900
buy stop 1.2900 tp 1.3100
hehehe..

Ignored

Are you sure ?

May 8, 2012 8:41am

yea sure, hope its wanna best for you...Good Luck! don't want to see you losse. i am not good enough to predcit what next will happen...

May 8, 2012 9:09am

jaygee what's happening new i am confused lol

May 8, 2012 9:40am

Quoting hss

Disliked

it will be crossing 1560

Ignored

OMG wtf is happening man thankGod i didn't opened any buy.

remik_g1

May 7, 2012 2:17am

so the price going back to normal position? you buying now?

Quoting doctortyby

Disliked

The old Gap trick...

Ignored

May 8, 2012 8:33am

sell 1.3000 tp 1.2900
buy stop 1.2900 tp 1.3100
hehehe..

May 8, 2012 8:34am

Eur/USD : market reopen this week with a gap which act as if resistant..so sell and it will go down. Happy pipings.

May 8, 2012 8:35am

rocker hell...that's my way...

May 8, 2012 8:38am

take fib from this year's low to hi..yesterday EU has touched 61.8%..now approaching 78.6% @ 1.2809..will see...

May 6, 2012 5:34pm

The old Gap trick...

May 6, 2012 5:36pm

buy eur/usd 2956

May 6, 2012 5:37pm

I think it's because France election results.

May 6, 2012 5:42pm

add to oil long 95.80

QuadrupleX

May 6, 2012 6:13pm

Dr. forex is right take a look on gold it is about to test a trend line started on 2008. If broken the dollar can go to the moon.

dftrades

May 6, 2012 6:14pm

The dominant position look bearish, but retail traders must watch out so that they are not caught up in the reverse move.

mima

May 6, 2012 8:22pm

Quoting obib

Disliked

euro / usd think about going down to how much information ... please,, thank

Ignored

just fund your account and wait...

Rana Shahzad

May 7, 2012 1:20am

Hallande may be good for Eur but it will take some time. at present Eur/USD is not in good position. in my view gold may touch below 1600 in next 72 hours or so....

GlennFX1

May 7, 2012 1:55am

GBP/USD looks in better form than EUR/USD, thinking of going long there.

Rana Shahzad

May 7, 2012 2:26am

Eur was down at this level on 3rd Janury 2003 & then after a big recivery down on January 2012and now on May 7th.

May 7, 2012 4:32am

sell eur/usd 2956 long 3016

May 7, 2012 5:25am

check out post #3

May 7, 2012 6:49am

ROCKERHELL!!! Whats your plan man?

May 7, 2012 7:03am

How are you going to do that?

May 7, 2012 7:10am

wait for US equity open at 930. then decide.

May 7, 2012 7:36am

You have one open position? At what level rockerhell?

May 7, 2012 8:08am

yes that is english for "why did i hold long over the weekend?"

Quoting Patience

Disliked

Is that English? My Google translator does not comprehend.

Ignored

May 7, 2012 8:17am

sounds like a plan rockerhell. sounds like you are playing longer term strategy. Do you have a profit target also? Do you use trailing stops? Maybe something to look into. good luck

May 7, 2012 8:18am

well if you have a short at 3101, you are well into profit so imo no need to add to that position. Set a profit target and enter an order to close the trade at that profit

May 7, 2012 8:41am

Will the gap close? I have a present for it if it does

May 7, 2012 9:10am

After it tagged the daily 62 fib it bounced back to the old 50 fib. The range is narrowing. Might get a true direction if it will break out but i doubt it.

May 7, 2012 10:42am

There go those fake sellers again.

I am leaning bearish too but not overly. Obvious someone has their bid under euro and they are a lot bigger than me.

Trader#84B0

May 7, 2012 10:56am

Quoting jaygee

Disliked

There go those fake sellers again. I am leaning bearish too but not overly. Obvious someone has their bid under euro and they are a lot bigger than me.

Ignored

The big players want the gap closed, so I'll join them at 1.3047 with target at 1.3080. EUR/USD has been in up trend for 16 hours

May 7, 2012 10:57am

sell gbp/usd 6189

May 7, 2012 11:07am

Quoting explorer101

Disliked

GBPUSD is holding.. scalping is great for this currency
EUROGBP is very good..hahahaa

Ignored

LOL I went long at 1.6134, haven't looked back, going short now at 1.6193

May 7, 2012 11:35am

sell eur/usd 3164 add 15m 50 fib off this AM's down move

May 7, 2012 12:09pm

update yer decoder ring. The new ones work better on profanity

Trader#F530

May 7, 2012 2:11pm

Yep, I like you when posting TF's because for me RANGE, DOWN, UP don't mean a thing without TF's. I try to figure out which TF is in charge and factoring for weekends, holidays, news, sentiment and the like however at the end of the day I am inclined to give more credit to Technicals and The behavior of the X axis within 1 month or so to trade the day on H1 or M15 and use fundamentals just to take caution.
According to Elliot we are probably in the third daily impulse down within the fifth and final wave of the major downtrend (5th wave started on May 5, 2011). I expect this third minor impulse to end around 1.2900 and respect the daily downtrend line started on 29 Feb, 2012 meaning I dont expect the price to retrace beyond the 1.3230 level. For me this is the big picture but I dont trade long term so with that in mind I go for lower TF's for further analysis and to follow short term trends, retracements and range. I agree the market has been ranging 1.30-1.33 however think 1.33 is no longer the main resistance level but 1.3230 while the support is firmly placed at 1.30 so my concern is to figure out when this support wil be broken to continue to 1.29 area. Meantime I also play midrange and short trends and retracements and as I said before take seriously in account the X axis behaivor. Rupturing 1.30 has proved to be a hard thing to happen, I guess that's because among other reasons the US big boys dont want to.
Good luck.

Quoting jaygee

Disliked

yup 3080 is the gap close and the 1h 38 fib. logical choice. was thinking the news would allow the 15m control today but it may not be. i have sell orders above too. i think this goes lower eventually. i will be ready when it does.

Ignored

May 8, 2012 8:42am

no. yesterday it bounced off the 62 fib and has not yet broke that line so it still acts as support until it does. 1.2952

May 8, 2012 1:30pm

Quoting rockerhell

Disliked

OMG wtf is happening man thankGod i didn't opened any buy.

Ignored

i meant in the coming week nt today.. trade in dips

May 8, 2012 1:41pm

for today i think it will be stable and tmrw take sell from 1625-29.

May 8, 2012 2:06pm

euro has popped above some of the mid term tf resistance. i like 3060 or 3070 for an exit. really looking like it wants higher tho.

May 8, 2012 2:10pm

work on those charts rockerhell. start looking for patterns and supp and resistance levels with moving averages and trend lines. Look for a good way to determine overbought and oversold. it will help.

May 8, 2012 2:14pm

what does your chart say? if you cant read it, stop and figure it out. watch a few different time frames and start figuring out what is happening. candlesticks

Trader#51E5

May 8, 2012 3:15pm