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  • #647,461
  • May 24, 2012 10:12pm May 24, 2012 10:12pm
Quoting almo
Hey Kiwitrada

Yes - I agree - I personally feel 122xx is where this is going


Its just there has been too much downside IMO
sorry bro just seen your post, agree has been some lovely downside, long may it keep falling lol

seriously, wouldnt try see target to far ahead, is time to be cautious, and take each support on its merits, one at a time, problem is entry and exit, r/r from support is always long, selling support is higher risk, but as can see, supports have been totally disrepected lately, so it will depend on each mm and risk tolerance, each new low her make is another snipe at bulls, just need to keep things tight pb ot offset sl risk, keep runners, try to keep sl in original place with protection, and ride this girl as long as possible,
If you are new to Forex? Say Goodbye to your account!!
  • #647,462
  • May 24, 2012 10:15pm May 24, 2012 10:15pm
longed 2523 after closing short here as well, +20. 3 pip s/l because why the hell would anyone buy the euro?

lol

edit: out for +3, just can't trust in the bulls for more than the smallest of scalps
An opportunity lost is not a capital cost.
  • #647,463
  • May 24, 2012 10:18pm May 24, 2012 10:18pm
Quoting RBlackburn
Did some analysis using my special charting software, i think i'm close..
yeah, it think this time still bearish..
LOL with your chart
  • #647,464
  • May 24, 2012 10:24pm May 24, 2012 10:24pm
Quoting BFSGcapital
longed 2523 after closing short here as well, +20. 3 pip s/l because why the hell would anyone buy the euro?

lol

edit: out for +3, just can't trust in the bulls for more than the smallest of scalps
so what will be you trading today then?
  • #647,465
  • May 24, 2012 10:25pm May 24, 2012 10:25pm
Where you looking for entry at tonight?
  • #647,466
  • May 24, 2012 10:26pm May 24, 2012 10:26pm
Quoting ptetech
so what will be you trading today then?
I'll wait until I see a better opportunity to short, hopefully we don't break the lows before London.

edit: although it is possible we get profit taking today maybe 1.25 will hold strong. i just go for 20-30 pip moves (or more if the market gives it to me, like when euro gets really heavy and just tanks) with 5-10 pip stop losses

should have held that long :/

i didn't think we would stop and reverse here, just thought a quick bounce off the lows then we would break that area. but bulls recovering here so far... probably so London has something to short.
An opportunity lost is not a capital cost.
  • #647,467
  • May 24, 2012 10:53pm May 24, 2012 10:53pm
nope just keeps going down, down, down. you know its a bear market when Asia sells everyday
An opportunity lost is not a capital cost.
  • #647,468
  • May 24, 2012 11:05pm May 24, 2012 11:05pm
Quoting sidhujag
if ny low breaks 1545 min target
I entered yesterday at wrong levels and had to pay the price.
Intraday only.
  • #647,469
  • May 24, 2012 11:24pm May 24, 2012 11:24pm
entered at 2520 with a long on a low retest. This has been a bear week, I expect quite a number of people closing their position on this ride down, at least partially.
  • #647,470
  • May 24, 2012 11:28pm May 24, 2012 11:28pm
Quoting Cerber.bf2
entered at 2520 with a long on a low retest. This has been a bear week, I expect quite a number of people closing their position on this ride down, at least partially.
I can totally understand what your thinking. The US has a holiday on Monday, which I would think should cause a lot of positions to get closed today.

That and...a lack of any significant news for Friday (barring any additional news on Greece) will likely mean flat to up
  • #647,471
  • May 24, 2012 11:30pm May 24, 2012 11:30pm
Quoting FXMajor
Market rejected 2563(2 pips shorts of my call). This is the 4th recent rejection forming double bottom. Train is leaving the station.

Yesterday bull engine stalled.

Today it looks like there could be another leg down to 2465 if 2516 is broken.

So, favour downside today as long as Dollar index still heading north. Let see can the bear flag materializes.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: EU22-5-2012-8.JPG Size: 107 KB
  • #647,472
  • May 24, 2012 11:36pm May 24, 2012 11:36pm
Quoting almo
I can totally understand what your thinking. The US has a holiday on Monday, which I would think should cause a lot of positions to get closed today.

That and...a lack of any significant news for Friday (barring any additional news on Greece) will likely mean flat to up
Nah, reflexivity son, the markets will keep shorting the EUR/USD til the price can't be sustained.

On a side note though don't you ever sleep?
  • #647,473
  • May 24, 2012 11:40pm May 24, 2012 11:40pm
Quoting Esssex
Nah, reflexivity son, the markets will keep shorting the EUR/USD til the price can't be sustained.

On a side note though don't you ever sleep?

LOL!!


Yeah...usually about 5 hrs a night. I typically take a break from trading during the Asia session until about 10 pm my time (US - EST time). Despite all the rumors about Asia setting the pace for a day, I don't usually do well during that time.
  • #647,474
  • May 24, 2012 11:40pm May 24, 2012 11:40pm
Quoting RBlackburn
Did some analysis using my special charting software, i think i'm close..
This, made my day.
  • #647,475
  • May 24, 2012 11:43pm May 24, 2012 11:43pm
Quoting almo
LOL!!


Yeah...usually about 5 hrs a night. I typically take a break from trading during the Asia session until about 10 pm my time (US - EST time). Despite all the rumors about Asia setting the pace for a day, I don't usually do well during that time.
I agree. Being an Asian, I myself don't trade the Asian session. That session is too conservative, all you can expect from it is a continuation of the trend no big moves.
  • #647,476
  • May 24, 2012 11:43pm May 24, 2012 11:43pm
Quoting KiwiTrada
sorry bro just seen your post, agree has been some lovely downside, long may it keep falling lol

seriously, wouldnt try see target to far ahead, is time to be cautious, and take each support on its merits, one at a time, problem is entry and exit, r/r from support is always long, selling support is higher risk, but as can see, supports have been totally disrepected lately, so it will depend on each mm and risk tolerance, each new low her make is another snipe at bulls, just need to keep things tight pb ot offset sl risk, keep runners, try to...
Hey KiwiTrada,


Your right....that long was just plain dumb on my part. Thankfully it was only for 0.01 lot, but man, I just hate losing!
  • #647,477
  • May 24, 2012 11:43pm May 24, 2012 11:43pm
Quoting RBlackburn
Did some analysis using my special charting software, i think i'm close..
LMAO !!!
  • #647,478
  • May 24, 2012 11:44pm May 24, 2012 11:44pm
Quoting Esssex
I agree. Being an Asian, I myself don't trade the Asian session. That session is too conservative, all you can expect from it is a continuation of the trend no big moves.
Hey I meant to ask you.....was your prize still there when you woke up? Sounds like you had a lot of fun
  • #647,479
  • May 24, 2012 11:50pm May 24, 2012 11:50pm
"Asian Session SETUP SURVEY" ... 23h00 CET daily close ...

###

"Asian Session SETUP SURVEY" ... preliminary daily close version ... with telegram text ...

###

TABLE with ZIGZAG + PIVOT SURVEY for the EUR/USD pair:


1.)


2012-05-24_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-21 # A1 ss End Of Day


24 hour probabilities ...


###



This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.

(UPDATE 23h00 CET) Ausblick:

This is what we have got to work with for the trading sessions ahead and the period remaining until the end of Friday & Week No. 21 ...

Text and preliminary strategies as shown in the TABLE further hints will be (maybe) mentioned later ...





palim palim





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #647,480
  • May 24, 2012 11:51pm May 24, 2012 11:51pm
Quoting Esssex
Nah, reflexivity son, the markets will keep shorting the EUR/USD til the price can't be sustained.

On a side note though don't you ever sleep?
End of the week covering plus a not-yet-tested 1.25 psych "should be" a good reasoning to go for a long. Of course, fear/panic can happen anytime. and of course, I'm not a Zeus!
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