LoL ... it's time to buy Singapore dollar
thank you for explain that to me
just need to be patient some years.....
90% of traders use TA, indicators and prediction
Cable Update (GBPUSD)
- #315,621
- Jun 5, 2012 3:05pm Jun 5, 2012 3:05pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
just need to be patient some years.....
- #315,622
- Jun 5, 2012 3:06pm Jun 5, 2012 3:06pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
also SILVER worth to spend some minutes in charts.....
90% of traders use TA, indicators and prediction
- #315,623
- Jun 5, 2012 3:17pm Jun 5, 2012 3:17pm
[quote=_BBKing_;5731319]
do they need to breake that line just to load some HUGE long order just 50-60 pips below it????
Agreed BB. I'm not getting off the BEAR band wagon just yet but I could definitely see traders making a "false break" below the .53 level before loading enough longs to form some sort of a retrace.
Last two times price traded down into this zone the market forced a "false break" before reversing. Of course who's to say maybe Friday's candle WAS the false break.
Good Lookin' Out
do they need to breake that line just to load some HUGE long order just 50-60 pips below it????
Agreed BB. I'm not getting off the BEAR band wagon just yet but I could definitely see traders making a "false break" below the .53 level before loading enough longs to form some sort of a retrace.
Last two times price traded down into this zone the market forced a "false break" before reversing. Of course who's to say maybe Friday's candle WAS the false break.
Good Lookin' Out
- #315,624
- Jun 5, 2012 3:25pm Jun 5, 2012 3:25pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
from a technical point of view, if we consider friday's low as a low i see 2 possible scenario happening
1. a move strong up (since volatility can increase in no time) to 1.5660 wich is also monthly pivot. if happens like in the picture, the touch will be exactly few hours ahead of next week closing time
(before greek farts)
2. a shy move up since pressure down is still strong and hard to change this whole thing.
hey, i'm not saying we are in retrace mode!!! i'm trying to consider it as a possibility. by my side, i'm used to consider a retrace when price print above the 23% fib
1. a move strong up (since volatility can increase in no time) to 1.5660 wich is also monthly pivot. if happens like in the picture, the touch will be exactly few hours ahead of next week closing time
(before greek farts) 2. a shy move up since pressure down is still strong and hard to change this whole thing.
hey, i'm not saying we are in retrace mode!!! i'm trying to consider it as a possibility. by my side, i'm used to consider a retrace when price print above the 23% fib
90% of traders use TA, indicators and prediction
- #315,625
- Jun 5, 2012 3:27pm Jun 5, 2012 3:27pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
[quote=eggs;5731346]
yes infact posted just now an idea: if we consider that as a LOW we easy find 2 possible LH
do they need to breake that line just to load some HUGE long order just 50-60 pips below it????
Agreed BB. I'm not getting off the BEAR band wagon just yet but I could definitely see traders making a "false break" below the .53 level before loading enough longs to form some sort of a retrace.
Last two times price traded down into this zone the market forced a "false break" before reversing. Of course who's to say maybe Friday's candle WAS the false break.
Good Lookin' Out
90% of traders use TA, indicators and prediction
- #315,626
- Jun 5, 2012 3:31pm Jun 5, 2012 3:31pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
from a technical point of view, if we consider friday's low as a low i see 2 possible scenario happening
1. a move strong up (since volatility can increase in no time) to 1.5660 wich is also monthly pivot. if happens like in the picture, the touch will be exactly few hours ahead of next week closing time
2. a shy move up since pressure down is still strong and hard to change this whole thing.
hey, i'm not saying we are in retrace mode!!! i'm trying to consider it as a possibility. by my side, i'm used...
for a long position.... would be good to see at least price out of dotted area showing strenghtening in hourly TFs.
for the taste to do, i'm already in with a demo account.
but for a real trade i will wait!
EDIT: not only for the dotted lines, would be good to see price out there also to change daily candle setups. actually looks like able to tank straight 200 pips in next 24hours.
90% of traders use TA, indicators and prediction
- #315,627
- Jun 5, 2012 3:49pm Jun 5, 2012 3:49pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
LoL ... it's time to buy Singapore dollar
thank you for explain that to me
no prob.
best way to trade this market is to start early in the morning,trade till 11 am or 13.00 and then close all for the NY session
and only small scalps -10-30 pips per trade swing trades are a bit tricky unless you have really deep pockets or you trade small lots and can afford a massive DD generated by any headline a finance minister burps from time to time.
look this morning at EU.It was all the way up and well and when I lost all hope it will come down any time soon it tank like a zero fighter in WW2....reason? no apparent reason
only on H4 I had a clear entry but on daily there was still room to go to 1.2660 so....what did it trigger it?....Spain’s Treasury Minister, that at current borrowing costs market door not opened to Spain and the reiteration that it’s technically impossible to rescue Spain.
who knew that ? big ones not small traders
I just try to keep my trades in between the red news and as soon as in profit scale and BE the rest aiming to trail later
p.s. ig Bernanke will talk about anything of QE3 gold will pop up to 1780 in no time and EU will follow anyway....better use small lots and tight SL on any trade this week
- #315,628
- Jun 5, 2012 3:50pm Jun 5, 2012 3:50pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #315,629
- Jun 5, 2012 4:07pm Jun 5, 2012 4:07pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
im long to at 1.5342, s/l 1.5305, t/p 1.5452
- #315,630
- Jun 5, 2012 4:13pm Jun 5, 2012 4:13pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
hi there
no prob.
best way to trade this market is to start early in the morning,trade till 11 am or 13.00 and then close all for the NY session
swing trades are a bit tricky unless you have really deep pockets or you trade small lots and can afford a massive DD generated by any headline a finance minister burps from time to time.
look this morning at EU.It was all the way up and well and when I lost all hope it will come down any time soon it tank like a zero fighter in WW2....reason? no apparent...
i total agree in every single word!
and i would add that even if we could get immediatly all news, would also be impossible to read them in the correct way.
now someone "after-the-fact" could say "of course, trend is down so every fart means more down" but it's not like that, you know!
market recently is becoming very nervous. look JPY pairs today!! i was long UJ GJ. closed for some profits thinking "ok moves are slow will join market tomorrow!" went out for a coffee (some 30 minutes) and when came back prices were 90 and 110 pips above my entries. WTF!
90% of traders use TA, indicators and prediction
- #315,631
- Jun 5, 2012 4:14pm Jun 5, 2012 4:14pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
im closing all my trades, lets see where she goes from here, good luck to all
surely straight to your TP in next 10 minutes.
joking!but... happens to me so many times
90% of traders use TA, indicators and prediction
- #315,632
- Jun 5, 2012 4:18pm Jun 5, 2012 4:18pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
lol
surely straight to your TP in next 10 minutes.
but... happens to me so many times
im lost, nothing clear to me at the moment, i could of miss a big opp who know's 
- #315,633
- Jun 5, 2012 4:30pm Jun 5, 2012 4:30pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
[quote=eggs;5731346]
it all depends to the type of trader you are
if you are a swinger well this kind of daily charts might give you some ideas
if you are a day trader then better stick to 1H max H4 and enter on the M5-M15 in the directions of the charts
trying to predict where the stop is when all techs fail is kind of risky.
one guy once said that 'the one who tries to pick bottoms ends up with smelly fingers'
so...if you are already short just trail and do not hedge thinking it is time for a reversall
if you are thinking you should load shorts....think again as we are in no man's land and anything can happen tmr and thursday.
frankly,except fast scalps nothing is safe this week
do they need to breake that line just to load some HUGE long order just 50-60 pips below it????
Agreed BB. I'm not getting off the BEAR band wagon just yet but I could definitely see traders making a "false break" below the .53 level before loading enough longs to form some sort of a retrace.
Last two times price traded down into this zone the market forced a "false break" before reversing. Of course who's to say maybe Friday's candle WAS the false break.
Good Lookin' Out
if you are a swinger well this kind of daily charts might give you some ideas
if you are a day trader then better stick to 1H max H4 and enter on the M5-M15 in the directions of the charts
trying to predict where the stop is when all techs fail is kind of risky.
one guy once said that 'the one who tries to pick bottoms ends up with smelly fingers'
so...if you are already short just trail and do not hedge thinking it is time for a reversall
if you are thinking you should load shorts....think again as we are in no man's land and anything can happen tmr and thursday.
frankly,except fast scalps nothing is safe this week
- #315,634
- Jun 5, 2012 4:43pm Jun 5, 2012 4:43pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
better calm down and be patient! things will show soon or late!
.........................i hope..................
90% of traders use TA, indicators and prediction
- #315,635
- Jun 5, 2012 4:46pm Jun 5, 2012 4:46pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
[quote=redbeben;5731464]
yes maybe not whole week, but until today, only quick executions for 20-30 max 50 pips where good. let's see if tomorrow something develops better with london 
switching off... going out with my cat for a walk
good luck,
byebye
it all depends to the type of trader you are
if you are a swinger well this kind of daily charts might give you some ideas
if you are a day trader then better stick to 1H max H4 and enter on the M5-M15 in the directions of the charts
trying to predict where the stop is when all techs fail is kind of risky.
one guy once said that 'the one who tries to pick bottoms ends up with smelly fingers'
so...if you are already short just trail and do not hedge thinking it is time for a reversall
if you are thinking you...
switching off... going out with my cat for a walk
good luck,
byebye
90% of traders use TA, indicators and prediction
- #315,636
- Jun 5, 2012 5:14pm Jun 5, 2012 5:14pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
yes nothing clear! we can only have some ideas which then will eventually be proved right or wrong.
better calm down and be patient! things will show soon or late!
.........................i hope..................
- #315,637
- Jun 5, 2012 5:27pm Jun 5, 2012 5:27pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #315,638
- Jun 5, 2012 5:42pm Jun 5, 2012 5:42pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #315,640
- Jun 5, 2012 6:36pm Jun 5, 2012 6:36pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
They have been doing that for some time. I have been short Euro since May 7th (1.3019)
Recently George Soros said Europe got only about three months to save the Euro.
Wishing you green pips.
YOU HAVE BEEN WARNED!!!
Come with me if you want to live....