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  • #642,341
  • May 11, 2012 3:39am May 11, 2012 3:39am
Quoting daemon_delux
Thanks for the info, kuroro.

If it breaks the pivot and closes above it next 15min candle(1.2944 on my chart), I'll buy at the next bit of a dip.
Such gbp bad news should have dragged the gbp down...at least until the next support..weird move

buying eurusd is the thing to do indeed
Maybe this time we'll break 6x for good since we had a fakey above it yesterday
COT: The precious data ignored
  • #642,342
  • May 11, 2012 3:40am May 11, 2012 3:40am
Quoting ZainabArabi
same
stop posing like you have good intentions here. you have been talking about managing 3rd party account and that is typical of Incrediblle = turmaz = xxx = exit = you = SCAMMER
  • #642,343
  • May 11, 2012 3:40am May 11, 2012 3:40am
Quoting pipnaija
it means selling around H1 top..

and also watching for new TOPS and BOTTOMS
was just telling you that you have a typing error on your 5 min
  • #642,344
  • May 11, 2012 3:41am May 11, 2012 3:41am
Quoting fxshofi
closed short now long
i dont trust this on 30 min chart so i sold it.
'You must be the change you wish to see in the world' . Gandhi
  • #642,345
  • May 11, 2012 3:41am May 11, 2012 3:41am
Quoting kuroro001
Such gbp bad news should have dragged the gbp down...at least until the next support..weird move

buying eurusd is the thing to do indeed
Maybe this time we'll break 6x for good since we had a fakey above it yesterday

cable will really suprise and disapoint me, if it will go above 6140 again.still on short on gu, let see
  • #642,346
  • May 11, 2012 3:41am May 11, 2012 3:41am
Standing at the pivot right now, switched my 4hr calc's to 1hr, posting the image. A bit of enlightenment, let's see how this plays.
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.gif Size: 18 KB
Please, just slap me around if I'm being silly ...
  • #642,347
  • May 11, 2012 3:42am May 11, 2012 3:42am
EURUSD at 10:39 GMT+2
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 25 KB
{Promotion Removed}
  • #642,348
  • May 11, 2012 3:42am May 11, 2012 3:42am
Quoting megajester
was just telling you that you have a typing error on your 5 min
no error.. i pick what looks good potentially. it could be a top or a bottom. EU top now @ 2970

so H1 top = 2170
  • #642,349
  • May 11, 2012 3:43am May 11, 2012 3:43am
Quoting fxkiller
now buying looks stronger for me

out of shorts

long at 2930
out.. scalped +14
  • #642,350
  • May 11, 2012 3:45am May 11, 2012 3:45am
Quoting fxkiller

cable will really suprise and disapoint me, if it will go above 6140 again.still on short on gu, let see
1,6120 seems to act a resistance for now.

I really don't think traders and hedge funds are buying such bad news, especially such ba PPI...someone powerful is holding it up...the BOE ?
COT: The precious data ignored
  • #642,351
  • May 11, 2012 3:47am May 11, 2012 3:47am
Quoting kuroro001
1,6120 seems to act a resistance for now.

I really don't think traders and hedge funds are buying such bad news, especially such ba PPI...someone powerful is holding it up...the BOE ?
If the BoE is holding it up, I'm soon expecting a scenario like the Black Wednesday. Soros could be at it yet again )
Please, just slap me around if I'm being silly ...
  • #642,352
  • May 11, 2012 3:47am May 11, 2012 3:47am
Quoting pipnaija
no error.. i pick what looks good potentially. it could be a top or a bottom. EU top now @ 2970

so H1 top = 2170
you need to edit it again
  • #642,353
  • May 11, 2012 3:47am May 11, 2012 3:47am
Quoting kuroro001
1,6120 seems to act a resistance for now.

I really don't think traders and hedge funds are buying such bad news, especially such ba PPI...someone powerful is holding it up...the BOE ?
ya for me its just a pressure from EU and should be not hold much long..
  • #642,354
  • May 11, 2012 3:56am May 11, 2012 3:56am
Sth seems wrong, Gold has slumped a lot, while Dollar is falling against all pairs mostly, in addition data from Asia market were disappointing, Going long seems insane. The EUR/USD is about to collapse and break 1.2905
  • #642,355
  • May 11, 2012 3:56am May 11, 2012 3:56am



Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 27 KB
  • #642,356
  • May 11, 2012 3:57am May 11, 2012 3:57am
Sell @ 1.2942, SL @ 1.2965, TP manual at around 1.2910.
Please, just slap me around if I'm being silly ...
  • #642,357
  • May 11, 2012 3:58am May 11, 2012 3:58am
Quoting pipnaija




forexcube tasayc thread highly recommended
  • #642,358
  • May 11, 2012 4:00am May 11, 2012 4:00am
Quoting daemon_delux
Sell @ 1.2942, SL @ 1.2965, TP manual at around 1.2910.
Didnt you buy @1.2945
  • #642,359
  • May 11, 2012 4:00am May 11, 2012 4:00am
Quoting daemon_delux
Sell @ 1.2942, SL @ 1.2965, TP manual at around 1.2910.


No No No... has not hit her top YET..
  • #642,360
  • May 11, 2012 4:02am May 11, 2012 4:02am
Quoting Alexone
What do u understand by confirmation? I asked cloggie this too...
I'm not sure what your question is, but inside the circle on this chart is an example of confirmation on a trendline break out trade.

You can also use horizontal price levels, price rejection, price weakness, and a few other types of signals for an entry. You may be able to catch a bigger part of a move guessing direction before it happens, but your win loss ratio won't be as good as waiting for price to confirm the move.

If you look at the bottom of the chart, price didn't reach the previous low on the dotted line at 1.2094. This showed price weakness for shorts. The break out of the consolidation upper trend line made the probability much better that a long would pay off. For me, 1.2942 was a good profit level to take half and the descending trendline at 1.2952 is good for me to close. I don't try to catch the whole move. I just trade to a support or resistance level that I feel comfortable with. Everyone is different, but this is how I do it.

I hope this is helpful.
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