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EURUSD

  • #647,261
  • May 24, 2012 10:52am May 24, 2012 10:52am
long with 5000 lots






















demo
  • #647,262
  • May 24, 2012 10:53am May 24, 2012 10:53am
Quoting marbellafx
LOL, I meant if we break 1.2561. I was looking at the wrong time framed chart.
  • #647,263
  • May 24, 2012 10:54am May 24, 2012 10:54am
Quoting Kowalczyk
There is a good change that we go lower since 1.2578 was broken.
sorry mate im a newbee, could you explain your criteria for breaking a support. thanks.
  • #647,264
  • May 24, 2012 10:56am May 24, 2012 10:56am
Quoting Kowalczyk
There is a good change that we go lower since 1.2578 was broken.
It was broken???
  • #647,265
  • May 24, 2012 10:59am May 24, 2012 10:59am
Does anyone else see an ascending triangle on M5? I'm staying out for now btw
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  • #647,266
  • May 24, 2012 11:00am May 24, 2012 11:00am
RSI trendline broken on M15
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  • #647,267
  • May 24, 2012 11:02am May 24, 2012 11:02am
DAX breaks 6300 to downside on China slowdown news
  • #647,268
  • May 24, 2012 11:02am May 24, 2012 11:02am
Quoting fatpanda
long with 5000 lo
demo
LION HEART KEEP IT UP...
Imanuel Parsifal
  • #647,269
  • May 24, 2012 11:02am May 24, 2012 11:02am
  •  wimdb
  • | Joined Feb 2012 | Status: Trading is all about discipline. | 20 Posts
Quoting Kowalczyk
There is a good change that we go lower since 1.2578 was broken.
That's also what I'm anticipating upon.
  • #647,270
  • May 24, 2012 11:03am May 24, 2012 11:03am
Quoting hunterhunt
RSI trendline broken on M15
sorry mate again a stupid question, so what does it mean?
  • #647,271
  • May 24, 2012 11:04am May 24, 2012 11:04am
Looks like down we go.
  • #647,272
  • May 24, 2012 11:05am May 24, 2012 11:05am
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  • #647,273
  • May 24, 2012 11:06am May 24, 2012 11:06am
Lost about 2% on live and 5% on demo, managable loss - tight mm in place.
ugly day today and tommorow freaky friday, another lesson learned, I was looking to much at my candles and knew at the back of my head I should wait for a clear breakout. Never again Tom, never again

http://s17.postimage.org/dc89pya4f/euro.gif
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swing it!
  • #647,274
  • May 24, 2012 11:07am May 24, 2012 11:07am
I shorted that little drop, nice.
  • #647,275
  • May 24, 2012 11:09am May 24, 2012 11:09am
Quoting sycho
This is what i call bullish frustration..if you dared go bullish..you would spend a greater part of next week in a heart hospital for high blood pressure or heart attack..cheers
Amen.

It is nothing like i would short it right now because not all markets understand eachother.

But for sure, i would not buy it
They think they are smarter than I am.
  • #647,276
  • May 24, 2012 11:09am May 24, 2012 11:09am
Quoting swing 123
sorry mate im a newbee, could you explain your criteria for breaking a support. thanks.
An uptrend is defined as higher highs and higher lows. If we breach a previous low, then the trend is by definition over. This applies to 1-min and weekly trends and is usually accurate.

We have an intra-day uptrend on the 5/15 min chart. The recent low was 1.25618 (according to oanda). If we break that, then the up trend is over and there is a good chance it goes lower.

I usually do not trade these intra day trends, but I do keep an eye out for them.

Also, we failed to make a new high which suggests buying weakness.
  • #647,277
  • May 24, 2012 11:10am May 24, 2012 11:10am
Quoting swing 123
sorry mate again a stupid question, so what does it mean?
It is a sell signal for me
  • #647,278
  • May 24, 2012 11:11am May 24, 2012 11:11am
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Founder of Sutherland Wave Principle
  • #647,279
  • May 24, 2012 11:12am May 24, 2012 11:12am
Am I looking too hard?
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  • #647,280
  • May 24, 2012 11:14am May 24, 2012 11:14am
Quoting tomspin
looking to much at my candles and knew at the back of my head I should wait for a clear breakout. Never again Tom, never again


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i think there will be a lot of 'never again' until one can finally really does 'never again'
'You must be the change you wish to see in the world' . Gandhi
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