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  • #653,001
  • Jun 7, 2012 1:16am Jun 7, 2012 1:16am
Quoting fx_Drew2
Very nice observation... I wish I had followed that post more closely!
it is just my thoughts and not trade calls to follow. i belive that every trade you take is exposed to risk of loss, so nothing is certain. but im always happy to risk 5 pips for 20 pips profit.
  • #653,002
  • Jun 7, 2012 1:22am Jun 7, 2012 1:22am
Quoting shmandi
it is just my thoughts and not trade calls to follow. i belive that every trade you take is exposed to risk of loss, so nothing is certain. but im always happy to risk 5 pips for 20 pips profit.
this means your entry is every spot on. because 2 pips is easily stop out .

20 for 20 on a 1:1 RR is fine.
  • #653,003
  • Jun 7, 2012 1:22am Jun 7, 2012 1:22am
Quoting shmandi
it is just my thoughts and not trade calls to follow. i belive that every trade you take is exposed to risk of loss, so nothing is certain. but im always happy to risk 5 pips for 20 pips profit.
OK thanks...but still a nice post for me to learn with as I watch movements
  • #653,004
  • Jun 7, 2012 1:24am Jun 7, 2012 1:24am
2660~ keeps showing up for me.
  • #653,005
  • Jun 7, 2012 1:25am Jun 7, 2012 1:25am
These pivots that many are talking about are also something I am learning and double checking as others post
  • #653,006
  • Jun 7, 2012 1:26am Jun 7, 2012 1:26am
Quoting 5percent
this means your entry is every spot on. because 2 pips is easily stop out .

20 for 20 on a 1:1 RR is fine.
it depends on a trade. if i belive that a trendline or certain level will hold ill just enter exactly on it and place sl 4 pips + spread. if i miss for more than 2 pips or get a requote i just dont enter
  • #653,007
  • Jun 7, 2012 1:27am Jun 7, 2012 1:27am
Hourly close lower than 1.2551 will lead to 1.2531.. This weekly high can be 1.2670. But you never know what surprise is expecting you. I am totally confused after Draghi's bearish speech yesterday and bullish candle after that. We still don't know if there will be QE3 or not.. But we know that Europe is in big problem..
  • #653,008
  • Jun 7, 2012 1:28am Jun 7, 2012 1:28am
Quoting gatorinla
.
looking for this indi in the post.. its called ma of rsi.. anyone know where i can get it?
those who can, do. those who cant, talk about those who can
  • #653,009
  • Jun 7, 2012 1:29am Jun 7, 2012 1:29am
Quoting fx_Drew2
These pivots that many are talking about are also something I am learning and double checking as others post
i think that more tools you have in your tool bag, better is for you. but none of those single tools you can rely completely on
  • #653,010
  • Jun 7, 2012 1:33am Jun 7, 2012 1:33am
Trying EJ 4:1 shot - risking 10 for 40 - to re-test last year low before further upside
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  • #653,011
  • Jun 7, 2012 1:39am Jun 7, 2012 1:39am
Quoting chazzle
Trying EJ 4:1 shot - risking 10 for 40 - to re-test last year low before further upside
stop to b/e
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  • #653,012
  • Jun 7, 2012 1:41am Jun 7, 2012 1:41am
morning guys

as I written yesterday was not good day for trading. we saw up and downs and SL hunting again.

I am looking down pressure on eu gu both, but cant decide anything now before london open.

let see how market reacts in london open and than may be we can take some trades.

EU reaction on 2520

and GU reaction on 5430

below this levels, we are going south, fail of breakout will shoot again north..
  • #653,013
  • Jun 7, 2012 1:45am Jun 7, 2012 1:45am
Quoting chazzle
stop to b/e
closing 1/2 around asia lows
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  • #653,014
  • Jun 7, 2012 1:46am Jun 7, 2012 1:46am
Quoting chazzle
closing 1/2 around asia lows
very nice trade!
  • #653,015
  • Jun 7, 2012 1:46am Jun 7, 2012 1:46am
good morning

where are we at....

Daily: Needs to take out the next significant resistence around 1.262x zone. Even then it could still only be considered a correction to the move down from 1st May 1.3266 at this stage.

H4: Currently shying away from resistence around 1.259x and PA looking corrective in nature.-

H1: See chart - Has made about a 55% retracement of the move down from 1.279x on 21st May. The retracement appears as a classic ABC correction and the price has reached the first target zone for a correction. If this proves to be a correction of that move then it could be limited by second target zone which coincides with the resistence at 1.262x zone.


I shall play the short side until 1.2630 gives way. If that occurs we could be part of a bigger correction of the move down from 1.327x at the beginning of May. In which case we have only hit about 26% so far and I would target 1.278x zone but expect a pull back first around 1.267x.
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  • #653,016
  • Jun 7, 2012 1:50am Jun 7, 2012 1:50am
Quoting shmandi
very nice trade!
thanks bro
  • #653,017
  • Jun 7, 2012 1:52am Jun 7, 2012 1:52am
Quoting gatorinla
looking for this indi in the post.. its called ma of rsi.. anyone know where i can get it?


that's your own post you are pointing to, did you lose it?




sorry I can't help with that.
  • #653,018
  • Jun 7, 2012 1:54am Jun 7, 2012 1:54am
i cant pick where its going to be tomorrow so i dont want to trade it today. i dont get the bullishness sentiment on the market at all. but on the positive asx has moved up 50 points which generally tells me there is eur optimism i dont get it but that always seems to be a good leading indicator to me. good luck and hopfully it will make sense sooner rather then later to me. im +78 of aud and its against my rules to trade when i dont know whats going on.

smart trades all

have a good night.
  • #653,019
  • Jun 7, 2012 1:54am Jun 7, 2012 1:54am
Sold @ 1.2555 SL-1.2560 TP- below 1.2540 or more
To Your Success!!
  • #653,020
  • Jun 7, 2012 1:55am Jun 7, 2012 1:55am
lets see where we go from this channel
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