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  • #647,961
  • May 26, 2012 7:28am May 26, 2012 7:28am
lmao
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,962
  • May 26, 2012 7:32am May 26, 2012 7:32am
Right whats your close gbp jpy right ?

Quoting capitulation
The support at 125 held today which created an interesting Fibonacci Confluence that I decided to trade. Took a fairly large postion with a SL at 124.75. Looking for a rapid run up to right under 130 before next major leg down. With everybody heavily short this has the potential to make for an epic short covering rally blowing up retail accounts everywhere
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,963
  • May 26, 2012 7:33am May 26, 2012 7:33am
Quoting Bones
lol like this one ? lower one thats not a tl is it
that's exactly the reason why i don't use tl much.
  • #647,964
  • May 26, 2012 7:35am May 26, 2012 7:35am
I agree Pk TL s are an art "I like them"
but like you S+R I really like
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,965
  • May 26, 2012 7:37am May 26, 2012 7:37am
sorry didnt see how long ago that was ,so your out ?

Heads up
Eyes down
long way down


Quoting Bones
Right whats your close gbp jpy right ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,966
  • May 26, 2012 7:38am May 26, 2012 7:38am
Quoting Passerby
Prepare for a sudden volatility, with such enormous short position still open. A panic short covering is expected, and I notice that she is slowing down this week. I am expecting the 5th wave on shorter timeframe, so in short around 100-150 pips down and a sudden reversal to at least to 1.29 area before plugging further.

No one know what the future hold and where she will head but, with not much correction I think shorting will be risky, and any trade with tight SL would be dangerous at this moment.

Note: I have a long position currently open...
overall trend is down, i would look for reasons to sell if rallies.
  • #647,967
  • May 26, 2012 7:48am May 26, 2012 7:48am
Quoting Bones
I agree Pk TL s are an art "I like them"
but like you S+R I really like
you use candles often. s+r + candles really do shine.
  • #647,968
  • May 26, 2012 7:50am May 26, 2012 7:50am
no rallies PK real fear here ,only sell ,on break of w1


Quoting pkimnyc
overall trend is down, i would look for reasons to sell if rallies.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,969
  • May 26, 2012 7:51am May 26, 2012 7:51am
Yea i love candles
I love Hussin for showing us


Quoting pkimnyc
you use candles often. s+r + candles really do shine.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,970
  • May 26, 2012 7:52am May 26, 2012 7:52am
Quoting Bones
no rallies PK real fear here ,only sell ,on break of w1
sort of reminds me of 2008. lol
  • #647,971
  • May 26, 2012 8:04am May 26, 2012 8:04am
Quoting Bones
Yea i love candles
I love Hussin for showing us
hussin is very cool dude.
  • #647,972
  • May 26, 2012 8:06am May 26, 2012 8:06am
PK heres my view w1


Quoting pkimnyc
sort of reminds me of 2008. lol
Attached Image (click to enlarge)
Click to Enlarge Name: eu w1 fear 26-5-12.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,973
  • May 26, 2012 8:09am May 26, 2012 8:09am
Quoting Bones
PK heres my view w1
indeed. lot's of room down there bro.
  • #647,974
  • May 26, 2012 8:09am May 26, 2012 8:09am
Quoting Purple
Does anyone know any other broker that has the same timezone as MIG BANK has on its MT4 platform?
takes a look at IHFOREX.COM
I do not know for certain but I only know two timezone´s
and this is different from GFT
  • #647,975
  • May 26, 2012 8:21am May 26, 2012 8:21am
Quoting Bones
PK heres my view w1
and i'm pretty sure a lot of gap traders got margined out or still heavily underwater. well, that's the price you pay for entering the gap without a proper setup.
  • #647,976
  • May 26, 2012 10:11am May 26, 2012 10:11am
Quoting Bones
Yea i love candles
I love Hussin for showing us
We've been trading candles here for 300 years. It's nice to see it's catching on.
  • #647,977
  • May 26, 2012 10:19am May 26, 2012 10:19am
Quoting pkimnyc
and i'm pretty sure a lot of gap traders got margined out or still heavily underwater. well, that's the price you pay for entering the gap without a proper setup.
I would hope they had a S/L in place. Do not get greedy or never expect the gap to be filled. Just go for halfway and your looking at over 90 % successful trades.

Here lately, or actually for some time now, the gaps that are tradeable are few and far between. It used to be or least it seemed liked there was a nice good gap to trade but now they have all but dissipated which makes causes me to refrain from trading them.
  • #647,978
  • May 26, 2012 10:25am May 26, 2012 10:25am
& I thank you guys very much ,


Quoting Fudomyo
We've been trading candles here for 300 years. It's nice to see it's catching on.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #647,979
  • May 26, 2012 10:25am May 26, 2012 10:25am
so is the eurusd a sell next week ?.







Quoting Snarkalarker
I would hope they had a S/L in place. Do not get greedy or never expect the gap to be filled. Just go for halfway and your looking at over 90 % successful trades.

Here lately, or actually for some time now, the gaps that are tradeable are few and far between. It used to be or least it seemed liked there was a nice good gap to trade but now they have all but dissipated which makes causes me to refrain from trading them.
  • #647,980
  • May 26, 2012 10:26am May 26, 2012 10:26am
in-fact a gap not filling like that is very bearish ,

Am I right Fudomyo ??

Quoting Snarkalarker
I would hope they had a S/L in place. Do not get greedy or never expect the gap to be filled. Just go for halfway and your looking at over 90 % successful trades.

Here lately, or actually for some time now, the gaps that are tradeable are few and far between. It used to be or least it seemed liked there was a nice good gap to trade but now they have all but dissipated which makes causes me to refrain from trading them.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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