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  • #643,221
  • May 14, 2012 8:54pm May 14, 2012 8:54pm
Quoting 853efx
there is one bull by now =)
nope, you is just trying to catch a bottom, I am very happy with pa, I accept rr is long, but whilst my zone say sell I sell, I sell you buy this is crazy world of forex.
I am watching monthly & weekly levels watching 4hr and 1hr charts, anything less is too noisy,

If this support breaks I will happy, you will just be another bull with smelly fingers, will check back you brit open
If you are new to Forex? Say Goodbye to your account!!
  • #643,222
  • May 14, 2012 9:02pm May 14, 2012 9:02pm
Quoting KiwiTrada
nope, you is just trying to catch a bottom, I am very happy with pa, I accept rr is long, but whilst my zone say sell I sell, I sell you buy this is crazy world of forex.
I am watching monthly & weekly levels watching 4hr and 1hr charts, anything less is too noisy,

If this support breaks I will happy, you will just be another bull with smelly fingers, will check back you brit open
trying to catch a bottom doesn't make any sense indeed - but: "You miss one hundred percent of the chances you never take" - i'll take my chances with proper MM and RR - let's c...
  • #643,223
  • May 14, 2012 9:07pm May 14, 2012 9:07pm
So far so good for 1.281 support

Nice if it makes it through the night to Greece answer to the 430m loan payment tomorrow, if any.
Attached Image (click to enlarge)
Click to Enlarge Name: eur dailyj 7.gif Size: 18 KB
  • #643,224
  • May 14, 2012 9:12pm May 14, 2012 9:12pm
all eyes on 1.28 and 1.284
  • #643,225
  • May 14, 2012 9:31pm May 14, 2012 9:31pm
i'm kind of a lazy guy - i'm gonna watch a movie now and hopefully pass out with a smile on my face and a boner, lol - stops, bids and offers in place...=)
  • #643,226
  • May 14, 2012 9:36pm May 14, 2012 9:36pm
Quoting KiwiTrada
sorry bro, just even though at very good suppot. I see no bull even no baby bull, ladies at critical levels, and looking to smash, if they do this may train is full steam ahead, sorry your bull bro, this is au eu kiwi, swissy, (her contra) cable geppy bulls been fighting very hard ,but even them is starting to struggle, i will pm zones if you want, but get ready for fireworks
yes please , manage to scalp few pips with bear day
Mohan
  • #643,227
  • May 14, 2012 9:37pm May 14, 2012 9:37pm
At least for now 2830/35 seems to be offering resistance.
Intraday only.
  • #643,228
  • May 14, 2012 9:47pm May 14, 2012 9:47pm
Quoting 853efx
trying to catch a bottom doesn't make any sense indeed - but: "You miss one hundred percent of the chances you never take" - i'll take my chances with proper MM and RR - let's c...
Bro agreed on mm rr, but not reason for try catch a bottom, this define overall risk, seperate from rr, I will give example.
Any trader worth their salt, knows " sell in May go away", some say this is a myth, well, these saying only grow, because they are correct, more than incorrect.
This May has been so far a very accurate "Myth" 12 days so far
May Opens(approx)
EU 3240
AU 0422
Kiwi 8181
Price Now
EU 2828
AU 9965
Kiwi 7758
Movement
EU 412 pip
AU 457 pip
Kiwi 423 pip
The pip movement is not that important, what is important, is bulls have had little traction so far this month, although many have kept trying, they have been ruthlessly spanked.
So your risk is trying to do what many buyers have been trying for the last 12 days, defend a specific level, and/or pick a bottom.
Personally I accept you try defend level, with very good mm r/r but forex is about lasting long term, presently risk is higher than normal for trading supports, PA is showing very little repsect for supports, again this increases risk.
I am not try tell you how to trade, I just suggesting reassess risk a little more until, there is very clear sign bull is growing, not little timeframes, but higher 1st, then work down to your trading timeframe,

Is TOO many gunslingers come on thi s forum, shooting trades from the hip, some good some bad, long term they be all bad, generally they quickly disappear

Reality is "sell in May go away" 1 lot each lady defending May open today is worth over 1200 pips, just 3 entries, is worth to be taking notice of "old myths"

Trade safe bro
If you are new to Forex? Say Goodbye to your account!!
  • #643,229
  • May 14, 2012 9:53pm May 14, 2012 9:53pm
Quoting KiwiTrada
Bro agreed on mm rr, but not reason for try catch a bottom, this define overall risk, seperate from rr, I will give example.
Any trader worth their salt, knows " sell in May go away", some say this is a myth, well, these saying only grow, because they are correct, more than incorrect.
This May has been so far a very accurate "Myth" 12 days so far
May Opens(approx)

Reality is "sell in May go away" 1 lot each lady defending May open today is worth over 1200 pips, just 3 entries, is worth to be...
buy in june or july ?
Mohan
  • #643,230
  • May 14, 2012 9:54pm May 14, 2012 9:54pm
Quoting mohan76
yes please , manage to scalp few pips with bear day
ok bro I do now, remember only fills in zones, closer the top the better, sl above, reduce sl risk, before next entry, get as many as possible this ping pong stuff, is ggod for us is frustrate most also added asia zone as markers, as long pa stay below marker everything ok if markers start to break, stand asisde, if when pa hold 1hr then 4hr below zone, activate trailing and go watch movie
If you are new to Forex? Say Goodbye to your account!!
  • #643,231
  • May 14, 2012 10:02pm May 14, 2012 10:02pm
Quoting KiwiTrada
ok bro I do now, remember only fills in zones, closer the top the better, sl above, reduce sl risk, before next entry, get as many as possible this ping pong stuff, is ggod for us is frustrate most also added asia zone as markers, as long pa stay below marker everything ok if markers start to break, stand asisde, if when pa hold 1hr then 4hr below zone, activate trailing and go watch movie
looks now pa stuck between ny close and tokyo open
Mohan
  • #643,232
  • May 14, 2012 10:13pm May 14, 2012 10:13pm
I stand by this
Quoting Mr. Freeweed
bounce soon. 31. I havent charted but pa suggests it
  • #643,233
  • May 14, 2012 10:26pm May 14, 2012 10:26pm
Quoting mohan76
looks now pa stuck between ny close and tokyo open
dont watch closes bro, many reasons, primarily is when most profit taking occur, same as highs and lows, this profit taking is big players, good if you get it right much blood if wrong, pa is very distorted, this is exemplified with tweezers pattern, is very clever, them are, they take profit re-enter to last high then take profit again, then they wait everyone else jump on tweezer, and close out previous candle open, only big players can move market at will, they can be in when levels suit, enter 2 trades, and be gone, until next level, everyone must study big player footprints, they very important, not to trade, but understand what pa is doing and why.
Everything else is just crumbs we is fighting over
If you are new to Forex? Say Goodbye to your account!!
  • #643,234
  • May 14, 2012 10:39pm May 14, 2012 10:39pm
Quoting KiwiTrada
dont watch closes bro, many reasons, primarily is when most profit taking occur, same as highs and lows, this profit taking is big players, good if you get it right much blood if wrong, pa is very distorted, this is exemplified with tweezers pattern, is very clever, them are, they take profit re-enter to last high then take profit again, then they wait everyone else jump on tweezer, and close out previous candle open, only big players can move market at will, they can be in when levels suit, enter 2 trades, and be gone, until next level, everyone...

Learning alot from the seniors here...... been doing the ranging stuff, which has been working well and this is a new learning chapter here with trending stuff.
  • #643,235
  • May 14, 2012 11:08pm May 14, 2012 11:08pm
Quoting solsys
Learning alot from the seniors here...... been doing the ranging stuff, which has been working well and this is a new learning chapter here with trending stuff.
good bro,
trending is your foundation, it will save your butt over and over, range scalping is a completely different trade style, never confuse the two, and it will be big help, asia is generally ping pong, frankfurt is generally fake bs, if you is new, is better wait until brit open, her will give better direction and generally for little longer than this pingpong stuff,


trade safe trade smart
If you are new to Forex? Say Goodbye to your account!!
  • #643,236
  • May 14, 2012 11:13pm May 14, 2012 11:13pm
Quoting KiwiTrada
good bro,
trending is your foundation, it will save your butt over and over, range scalping is a completely different trade style, never confuse the two, and it will be big help, asia is generally ping pong, frankfurt is generally fake bs, if you is new, is better wait until brit open, her will give better direction and generally for little longer than this pingpong stuff,


trade safe trade smart
Alrighty. Going to learn more from this forum.

I came out with these 4 Ps for trading. (just like 4Ps for marketing.)

Pattern (Charts don't lie)
Probability (Risk Reward)
Patience (Timing)
Prudence (money management)

Going take back what the market has taken from me!
  • #643,237
  • May 14, 2012 11:13pm May 14, 2012 11:13pm
looks like gold looking at a selloff 1520 today?
  • #643,238
  • May 14, 2012 11:24pm May 14, 2012 11:24pm
Quoting solsys
Alrighty. Going to learn more from this forum.

I came out with these 4 Ps for trading. (just like 4Ps for marketing.)

Pattern (Charts don't lie)
Probability (Risk Reward)
Patience (Timing)
Prudence (money management)

Going take back what the market has taken from me!
yup, nice 4 "p" is nice, place to start.
Last sentence is little worrying, brcareful not to revenge trade, might be better you forget this sentence, and maybe concentrate each trade as you go, never let past trade effect your next one, is dangerous, each new trade has to stand on its own merits, forget about pip value, green or red pip, etc and concentrate on % of r/r example r/r 1/2 can success 5 0f 10 trades and fail 5 of 10 trades, "but" still achieve 100% investment return, less spread fees etc r/r 1/3 will blow your mind, rr 1/4 you will never look back and still only be achieving 50% success trades
If you are new to Forex? Say Goodbye to your account!!
  • #643,239
  • May 14, 2012 11:29pm May 14, 2012 11:29pm
Quoting sidhujag
looks like gold looking at a selloff 1520 today?
for every UP move 10 pips AU and EU moves.. gold moves a fraction, but when they fall gold tries to make a new low... very very heavy and weak... Look for London to really kick some gold ass... yesterday was $30 bucks today might be more... looks like a cliff event maybe.
  • #643,240
  • May 14, 2012 11:52pm May 14, 2012 11:52pm
At this moment market waiting for data to drive it, institutions are coming in gradually to take profit....the dips is being bought
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