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  • #11,001
  • May 11, 2012 6:10am May 11, 2012 6:10am
Morning Guys.
Did we have yesterday a corrective movement?
Yeah,,, I think we did…
Reading today’s news it looks we had a nice example of so called “FLAT CORRECTION”
I do agree, we had ABC pattern fulfilled and miserable bullish attempt to break resistance.
We even made new hilarious 10pip highs.
In my opinion, this all together indicates how weak bulls are at this moment.
My PLAN for today is to SELL on highs targeting 1.28700, or even lower 1.28300
Tough SL above 1.29800…

Invalidation;
Remember, this is only MY plan and this bearish scenario is fully rejected and invalidated if price goes above 1,29800.

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Read Charts - Not Papers
  • #11,002
  • May 13, 2012 7:43am May 13, 2012 7:43am
I want my German Mark back. lol

Make sure you wish your mom's a Happy Mother's Day.

Hope everyone is having a good weekend.
  • #11,003
  • Edited 8:03am May 13, 2012 7:51am | Edited 8:03am
Quote
original post by halkins
Bang, Bang, Bang … I was shot dead like a rabbit on my yesterday LONG.

like your sense of humor, halkins.......also liked your observation here;

Quote
In my opinion, this all together indicates how weak bulls are at this moment.


45Condor has a pretty nice perspective for the week upcoming.....Spanish and Italian bond auctions along with Ger/French political posturing

#26663
  • #11,004
  • May 13, 2012 4:52pm May 13, 2012 4:52pm
Morning all,
8:00 am here in Sydney, expecting downward pressure in currencies to continue. EU heading towards 1.2750, and AU 0.9900. MY GU shorts have started to pay off finally. Still holding two trades from 1.62 and 1.61. Expecting to see 1.58XX.
Good luck all.
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Find a job that you love and you dont have to work again in your life.
  • #11,005
  • May 13, 2012 5:22pm May 13, 2012 5:22pm
Quoting calderone
I want my German Mark back. lol

Make sure you wish your mom's a Happy Mother's Day.

Hope everyone is having a good weekend.

TOTALLY agree with you
  • #11,006
  • May 14, 2012 6:49pm May 14, 2012 6:49pm
Time for AU to turn around for a short while. Switching to long above .9910.
Finally closed my GU shorts overnight, but swap cost ate half the profit.
Good Luck all for today.
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Find a job that you love and you dont have to work again in your life.
  • #11,007
  • May 16, 2012 11:11am May 16, 2012 11:11am
Hi All...
Here's one of my posts (2 hours ago, May 16, 2012 3:32pm GMT)

I think we're not finished yet with free falling.
It will be very important to see how today's DAILY BAR CLOSE looks like.
If we close the daily bar below today's open I will see more bears tomorrow morning.
I don't have much time for trading this week, but here's my quick 1H chart review on EU for next 4 sessions...
Definitely I will look for BUY near 1.26300 range.

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  • #11,008
  • May 18, 2012 9:31am May 18, 2012 9:31am
Been a while, been on a break/vacation. Now back in business. Had a stack limit on 50 fib for GU, orders hit. I closed the first limit as it was large and took a quick profit. This last on I will let ride for a bit and see where it goes.
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  • #11,009
  • May 18, 2012 9:35am May 18, 2012 9:35am
EU testing low, not too sure how significant this low will be though. I dont have anything on the radar for this pair, at least until pivs reset. Also, FB is having it's IPO, so for all those that weren't aware, good thing to keep in mind.
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  • #11,010
  • May 18, 2012 9:48am May 18, 2012 9:48am
AU stopped temporarily at FE 100 and LTL. Not significant enough for me to trade though. Once pivs reset, might have something next week. Posted a LT chart too, some good looks for the not-so-near term
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  • #11,011
  • May 18, 2012 4:02pm May 18, 2012 4:02pm
pls folks is it possible to continue trading with a negative balance and an positive equity .
  • #11,012
  • May 19, 2012 9:10am May 19, 2012 9:10am
Quoting Najys
pls folks is it possible to continue trading with a negative balance and an positive equity .
I don't know how you got a negative bal. You should have been closed out. But if your positive eq is greater than the absolute value of your negative balance then when you close your position, your balance will actually be positive. You must have had two positions open. Then one went negative, you closed it, and it put your balance negative, and your open position is keeping your "un-realized" balance positive. However, if your positive eq goes lower than your absolute negative balance, your broker might close your position for you.
  • #11,013
  • May 19, 2012 2:58pm May 19, 2012 2:58pm
you are right saxon as if your are seeing my platform,so the issue now is can i keep trading to recover my lost cash. the actual situation is this, -$356(negative balance) and $120 equity, and i am still not out, does that mean i am hopeful. pls show me how to recover.
  • #11,014
  • May 21, 2012 1:34am May 21, 2012 1:34am
This pair is setting up for a possible sizeable drop.
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  • #11,015
  • May 21, 2012 2:35am May 21, 2012 2:35am
Robin gibb, one of my favourite musicians passed away Sunday. A tribute to him for 5 decades of music.
http://www.youtube.com/watch?v=M2dBfBnCdok
Find a job that you love and you dont have to work again in your life.
  • #11,016
  • May 21, 2012 4:40pm May 21, 2012 4:40pm
Hey guys, hope everyone is well. I saw this setup and took it......let's see if it runs or corrects.
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  • #11,017
  • May 23, 2012 12:27pm May 23, 2012 12:27pm
What a Day. Here is what i have on my radar.

GU -
Heading toward LT fib and Piv confluence
Also, looking like a potential Divergence setting up

EU-
Similar H4 divergence but not looking to trade on EU for a bit
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  • #11,018
  • May 23, 2012 12:32pm May 23, 2012 12:32pm
Quoting Najys
you are right saxon as if your are seeing my platform,so the issue now is can i keep trading to recover my lost cash. the actual situation is this, -$356(negative balance) and $120 equity, and i am still not out, does that mean i am hopeful. pls show me how to recover.
I don't know how I can help you to recover. It all depends on the trade you are in and YOUR view of the market. Also, I don't think I can legally give you trade advice if you know what I mean. Next time, post your trade setups here before you enter the market and we can give you opinion and spitball with you about it, but when it comes to actual position specifics, I dont think I can give you that advice.
  • #11,019
  • May 24, 2012 3:14am May 24, 2012 3:14am
Hi All,
Wednesday again and time for a short reversal. I thought I would make as much from it as possible. Got a buy limit order or retouch of FE100 as shown in the chart. Going long for a quick 50 - 100 pip before shorting it again.
NZU is looking week, if this is wave c down on daily, then we might be looking at .69. Can anybody see this? Let me know what you think
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Find a job that you love and you dont have to work again in your life.
  • #11,020
  • May 24, 2012 8:41am May 24, 2012 8:41am
Quoting Saxon
What a Day. Here is what i have on my radar.

GU -
Heading toward LT fib and Piv confluence
Also, looking like a potential Divergence setting up

EU-
Similar H4 divergence but not looking to trade on EU for a bit

So Far
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