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  • #648,661
  • May 28, 2012 8:40pm May 28, 2012 8:40pm
Quoting Chicky
Look at this piece of shit on 4H.

I am not going short even if it breaks 1.2500 or even 1.2000. ..............Just long scalps.

Miracles do happen in this market.

Best words I have read tonight....and I have been reading many threads.

Very good words....

Faller.
I don't trust any move - when you have profit...take it.
  • #648,662
  • May 28, 2012 8:49pm May 28, 2012 8:49pm
Quoting Julexo
pa
nice sell climax right into the demand jaws
big numbers are our friends...
  • #648,663
  • May 28, 2012 8:50pm May 28, 2012 8:50pm
Quoting sidhujag
I think thats what they want u to do bro... u wait until a long comes and you keep getting it wrong... then you go short and it changes trend lol... the whole point is to get the wagon full of the opposite and then f them over. The truth is its still a good short but you have no MM strategy because theres really no strong resistance lol best thing to do is move on as hard as it is.. you know theres an opportunity to make money but odds are probably not in your favour with this setup.. hardest thing is patience in this market I find.
LOL. Let me f them inch by inch. If it goes 3 pips against me it can go 300 pips against me, But if it goes 3 pips in my favor can go 30 pips in my direction. This is what I am going to do. Switching to 5M................. or do I really have to do that?......... I feel no gun on my temple asking me to trade.
The Thief of Wall Street
  • #648,664
  • May 28, 2012 8:56pm May 28, 2012 8:56pm
Quoting Chicky
......... I feel no gun on my temple asking me to trade.
Neither does he Chicky... it's the gun he feels INSIDE his temple.

and that darn gun is always loaded.

X
  • #648,665
  • May 28, 2012 8:56pm May 28, 2012 8:56pm
Quoting quidproquo
true but 2520 is at 0.0% fib retracement, or below fib retracement,....I think she'll resume here? anyway we'll see Let me know if you see anything good Kiwi............................................................ and Ptech I'm short
I m not ever recommended any trade, just things that getting interesting
eg geppy (high yield) yes but
since wed last week her has been sideways ranging, normally this sign shit is going to hitted the fan anytime, boj she skyrocket, no boj she a brick
key is has been very nice scalping opportunities for 3 1/2 days, for me scalping sell top of range, pb off setting sl risk, It could all be for nothing, but when we have BO and we will have BO ,I either going harvest very little green pip or red pip, if BO is down, will getted many green pip.

But BO trading is on offer also, pending long above range pending short below range, if and when BO occurs, if is Boj is rarely ping pong whip crap, she just skyrocket, if cable weaken and or yen appreciate, will be brick again is not like big news whip saw crap, generally her will fall abruptly
Trailing stops will harvest while you at beach

If BOJ, intervene, can also trade the fade, probably the best fade trade in the market.

Key to her is must be patient, scalp the hell her, is 40 pip range, if want position get entry as close to upper or lower level of range micromanage remove sl risk, and either keep adding while her range, and be patient and wait BO, last drop 200ish pip plop one before 200ish pip plop no reason next wont be same, either up or down, range BOcan be boring while developing, but very exciting when happen, especially if you have put in the time and effort and you on right side, if wrong side, minimal loss, minimal harvest, have to wait next opportunity and do all over again
trade safe trade smart bro
If you are new to Forex? Say Goodbye to your account!!
  • #648,666
  • May 28, 2012 9:18pm May 28, 2012 9:18pm
I got a feeling that we, the short term traders, are going to be laid tonight by this market. Enjoy.
The Thief of Wall Street
  • #648,667
  • May 28, 2012 9:20pm May 28, 2012 9:20pm
Quoting deeZG
nice sell climax right into the demand jaws
  • #648,668
  • May 28, 2012 9:20pm May 28, 2012 9:20pm
Hi folks,
took a little short @ 1,2525, SL 1,2540, 1st TP @ 1,2502

Let's see...
  • #648,669
  • May 28, 2012 9:27pm May 28, 2012 9:27pm
Quoting Chicky
I got a feeling that we, the short term traders, are going to be laid tonight by this market. Enjoy.
I hope it works out for all of you - I just don't see any reason to risk going long at this time while the longer TF's are not suggesting there is a turn in the works
  • #648,670
  • May 28, 2012 9:28pm May 28, 2012 9:28pm
Quoting Chicky
I got a feeling that we, the short term traders, are going to be laid tonight by this market. Enjoy.
For all the uncertainty on this thread yesterday, it seems the general concensus today by the more experienced lot is either:

1. I'm waiting for a bounce to get short

or.

2. I just got long (about to get long)

I happen to be in group 2 myself. I find it rather interesting to see the shift in the tone of the writing and opinions on this thread over the past 3-4 trading days...

Actually has been helping me to determine clues to sentiment for years...
Like everything else, it would be just F'ing stupid to depend on such subjective and biased info to trade on...but in the right context...

X

P.S. I find the more experience lot on this website to actually be net profitable traders (some very much so)... so if this group is largely not entering new short orders... it's... iinteresting
  • #648,671
  • May 28, 2012 9:32pm May 28, 2012 9:32pm
Quoting Chicky
I got a feeling that we, the short term traders, are going to be laid tonight by this market. Enjoy.
Frankly Chicky, I'm long the AUD/USD... if E/U is a Lay...then A/U is a menage a trois'

Just check a daily/4hr/1hr chart of eur/aud.... you'll see what I mean

X

P.S. but regardless, a lay is a lay.... If one is good, they'll both be good.
  • #648,672
  • May 28, 2012 9:36pm May 28, 2012 9:36pm
Quoting almo
I hope it works out for all of you - I just don't see any reason to risk going long at this time while the longer TF's are not suggesting there is a turn in the works
There is no reason to do anything at this moment.

Will try a short when it touches this line.
Attached Image
The Thief of Wall Street
  • #648,673
  • May 28, 2012 9:39pm May 28, 2012 9:39pm
Quoting Chicky
There is no reason to do anything at this moment.

Will try a short when it touches this line.
exactly

i have the same levels (1.2900-1.3000) in my journal for 3 days.
until then - long is my only option (while above 1.2500).
big numbers are our friends...
  • #648,674
  • May 28, 2012 10:03pm May 28, 2012 10:03pm
Quoting deeZG
exactly

i have the same levels (1.2900-1.3000) in my journal for 3 days.
until then - long is my only option (while above 1.2500).
yup long is r/r especially now gap closed, all buyers who squirt her up from last fridays close is still as can be expected, how high this time is the question,
For 4 weeks I have listen to all sorts of analysis for long, 4 going 5 weeks, long long long blah blah blah, reality is she benn going down down down down, wtf,
The number of people on this thread, been catching knives, all this time, and even now, long long long fuk long,
every litlle bounce, out is come ohhh is going be a skyrocket 1.300 1.400 1.500,
is now 2533, is bounced as should expected, now we see how high her can go,
It could go up her can do what ever she wants, but how much moneys been losing try to pick stinky smelly bottom, poop all over fingers .

anyone who is try long, and still have real money in account, I admire perserverance, but not trading skill, why not wait to some sort of indication direction is changed first,

to everyone who has been shorting the hell these ladies, congrates on perserverance and enjoy yous rewards, bank em smile, and go to beach
If you are new to Forex? Say Goodbye to your account!!
  • #648,675
  • May 28, 2012 10:06pm May 28, 2012 10:06pm
Quoting KiwiTrada
yup long is r/r especially now gap closed, all buyers who squirt her up from last fridays close is still as can be expected, how high this time is the question,
For 4 weeks I have listen to all sorts of analysis for long, 4 going 5 weeks, long long long blah blah blah, reality is she benn going down down down down, wtf,
The number of people on this thread, been catching knives, all this time, and even now, long long long fuk long,
every litlle bounce, out is come ohhh is going be a skyrocket 1.300 1.400 1.500,
is now 2533, is bounced as should...
i've been pretty precise - last 3 days no short for me.
before that - no long for 3 weeks.
big numbers are our friends...
  • #648,676
  • May 28, 2012 10:13pm May 28, 2012 10:13pm
Quoting KiwiTrada
yup long is r/r especially now gap closed, all buyers who squirt her up from last fridays close is still as can be expected, how high this time is the question,
For 4 weeks I have listen to all sorts of analysis for long, 4 going 5 weeks, long long long blah blah blah, reality is she benn going down down down down, wtf,
The number of people on this thread, been catching knives, all this time, and even now, long long long fuk long,
every litlle bounce, out is come ohhh is going be a skyrocket 1.300 1.400 1.500,
is now 2533, is bounced as should...
I can't argue with short being a solid choice over the last few weeks... but I don't think you can say the opposite about taking a long trade in general.

It really depends on ones method, the timeframes one is concentrating on, the target, and how one manages the trade / reduces risk on trades.

For example, I had 5 entries on eur/usd last week. All winners... and 4 of the 5 were long trades.

I don't think I even made 50 pips on any single one of them

but I had lots of 15-40 pip exits (i scale out, so some entries may result in 3-4 exits)

You did say "picking bottoms"... and I suppose that statement stilll holds some truth, but it really depends on how much of a "bottom" your going for. A real signifncant pullback or reversal? ya... that just hurts.

but 20-40 pips during the london/us busy times? totally doable without any problem.

X
  • #648,677
  • May 28, 2012 10:18pm May 28, 2012 10:18pm
Quoting Napoleon180
Hi folks,
took a little short @ 1,2525, SL 1,2540, 1st TP @ 1,2502

Let's see...
I'm not sure, but I think you're too quick... But hope greenpips with you...
I'll be waiting on 1.2554 to go short... (piv)
pending short again at 1.2600 (R1)
  • #648,678
  • May 28, 2012 10:25pm May 28, 2012 10:25pm
FWIW, I could se a move back down to 1.2510-1.2490ish before a push up (if it is indeed going to move up today).

But, though I wouldn't go long here, I wouldn't go short either. Not really sure where I'd short from before 1.2680ish

X
  • #648,679
  • May 28, 2012 10:39pm May 28, 2012 10:39pm
Could 1.18xx be a possibility, then a nice long term up trend?
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Time turns trend. - W.D. Gann
  • #648,680
  • May 28, 2012 10:43pm May 28, 2012 10:43pm
first tg at white multisupply zone
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