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  • #655,161
  • Jun 11, 2012 4:53pm Jun 11, 2012 4:53pm
Hi everybody - been following this thread for a while, and trading for a little while longer, mostly on eurusd, gbpusd and eurgbp, after a not too fortunate experience with cross pairs (mostly xxxjpy). Some interesting analyses from some of you, for which I thank you guys, keep up the good work.
My still rudimentary trading is based on a mix of fibonacci & pivot levels, channels, bollinger bands and a 56day EMA, plus volume.
Unfortunately I can only trade for not more than 4 hours a day, so I'm more oriented towards longer time frames (>H4) and mid-long term trading.
Every now and then I'll post my trade setups, hoping for some constructive criticism from more experienced traders.
Good luck and stay cool.
  • #655,162
  • Jun 11, 2012 4:58pm Jun 11, 2012 4:58pm
Quoting megajester
Well been trading for over 10 years 5 years in forex but never seen the price move like that before but thanks for the info
Are you talking about the 30 seconds the price was going from 1.2488 to 1.2469 back and forth over and over? It was insane.
  • #655,163
  • Jun 11, 2012 5:02pm Jun 11, 2012 5:02pm
Quoting PipSwing
Are you talking about the 30 seconds the price was going from 1.2488 to 1.2469 back and forth over and over? It was insane.
Yea that was it, who's your broker im with Alpari UK
  • #655,164
  • Jun 11, 2012 5:04pm Jun 11, 2012 5:04pm
Quoting KiwiTrada
I have some ladies hitting nice supports, expecting bounce, squeezing all trailings, waiting see how strong, if support s btreak, bit fresh air underneath bbl

One by one them is starting to break,mmm unreal for some, fuk awesome I say.
Although I think hedge is difficult and crazy, can still hedge, just need open 2nd account. not recommend just is suggesting.
If you are new to Forex? Say Goodbye to your account!!
  • #655,165
  • Jun 11, 2012 5:05pm Jun 11, 2012 5:05pm
Quoting megajester
Well been trading for over 10 years 5 years in forex but never seen the price move like that before but thanks for the info
I don't think this is that rare - at least as I see it: the price moves in one direction during most of the day, then "consolidates". After liquidity drops off in the post NY session, they go for the kill if it's worthwhile. If not, then the price retraces.

The point I was making though is that the "free" market is not that free because of crony capitalism, and this just one egregious example of how a violation of free personal choice (they made the rule to protect you - what a laugh!!!) can also cost you money.

From the Global Financial Crisis to MF global to the "No Hedging Rule" it's the same: special rules for special friends.
  • #655,166
  • Edited Jun 12, 2012 3:35am Jun 11, 2012 5:14pm | Edited Jun 12, 2012 3:35am
I maintain a Unified Microsoft OneNote Notebook File with all my Technical Analysis, Fundamental Analysis, Trading Notes, Review of Trades, News Events and lot of other things which I keep updating on Daily basis.

I am attaching a screen shot of this file below.

I can share it with people who are interested, as I dont get time to post everything here.. When I update this file, it will auto-update with new things on your side too (as it is cloud based on Microsoft skydrive).

If you are interested than PM me your email and link to your FB, I will not add you and please dont add me either, I just want you to be a real person when requesting me for the file link and not just an Internet user ID. Your Email and FB should be real and matching.

Here is the screen shot of the file I am talking about:

http://i28.photobucket.com/albums/c2...ntitled-13.jpg

All the best in your trading!!

Note: This file has just my analysis of market and is in noway any trade recommendation, I do not advice you taking any trade based on it.
  • #655,167
  • Jun 11, 2012 5:19pm Jun 11, 2012 5:19pm
Quoting megajester
Yea that was it, who's your broker im with Alpari UK

FXCM
  • #655,168
  • Jun 11, 2012 5:22pm Jun 11, 2012 5:22pm
Quoting RWalker
I don't think this is that rare - at least as I see it: the price moves in one direction during most of the day, then "consolidates". After liquidity drops off in the post NY session, they go for the kill if it's worthwhile. If not, then the price retraces.

The point I was making though is that the "free" market is not that free because of crony capitalism, and this just one egregious example of how a violation of free personal choice (they made the rule to protect you - what a laugh!!!) can also cost you money.

From the Global Financial...
cheers for the info will keep a look out for that in the future
  • #655,169
  • Jun 11, 2012 5:24pm Jun 11, 2012 5:24pm
Quoting -Melo-
guys, did I missed a bad News regarding Europe ???
Yes.

The eurozone is going down, one nation after another, and any "rally" will be short-lived short-covering/profit-taking.
  • #655,170
  • Jun 11, 2012 5:27pm Jun 11, 2012 5:27pm
eur/usd just hit short-term support at 1.24500. you can buy now or take profit from selling
  • #655,171
  • Jun 11, 2012 5:31pm Jun 11, 2012 5:31pm
Quoting KiwiTrada
One by one them is starting to break,mmm unreal for some, fuk awesome I say.
Although I think hedge is difficult and crazy, can still hedge, just need open 2nd account. not recommend just is suggesting.
There is better reaction, however this could be retest of breached supports, so again need be careful if is considering long
If you are new to Forex? Say Goodbye to your account!!
  • #655,172
  • Jun 11, 2012 5:34pm Jun 11, 2012 5:34pm
Quoting KiwiTrada
There is better reaction, however this could be retest of breached supports, so again need be careful if is considering long
I need some help here bro....what are your levels right now? This is a mess for me right now, nothing orderly etc., what are you looking for? I thought it would go to 1.2438 or so which was the previous low before the run up on Friday and over the weekend. What do you have....this is just a little much right now for me to interpret. Thanks man.
  • #655,173
  • Jun 11, 2012 5:36pm Jun 11, 2012 5:36pm
Quoting KiwiTrada
One by one them is starting to break,mmm unreal for some, fuk awesome I say.
Although I think hedge is difficult and crazy, can still hedge, just need open 2nd account. not recommend just is suggesting.

I agree that hedging is a crazy trading strategy per se. But, if you are caught in a LARGE drawdown as inexperienced traders frequently are; then hedging is a sensible means of escape... a last ditch chance to save your sorry ass! In particular, when a stop runner is driving the price in one direction for no purpose other than predation.

Yes, there are complicated ways of making 3-position synthetics, or shuffling money between sub-accounts, but freedom frustrated is freedom denied.

I am always saddened to hear people say in effect: I don't mind my crony capitalist government taking away ownership of my own life (as in the United Nanny States of America) if it doesn't inconvenience me too much. Of course if you allow it at all, there is no end to it.

This may all seem off topic (the E/U), but I think there is a lot to be learned about how forex prices move by considering things like hedging and why someone doesn't want you doing it freely.
  • #655,174
  • Jun 11, 2012 5:40pm Jun 11, 2012 5:40pm
I joined the bulls @1,2465 targeting 1,2664....

And a pending SELL STOP is placed right below the support zone...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 27 KB
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #655,175
  • Jun 11, 2012 5:45pm Jun 11, 2012 5:45pm
Quoting selym_co
I joined the bulls @1,2465 targeting 1,2664....

And a pending SELL STOP is placed right below the support zone...
Why would you go long now?
  • #655,176
  • Jun 11, 2012 5:51pm Jun 11, 2012 5:51pm
Quoting selym_co
I joined the bulls @1,2465 targeting 1,2664....

And a pending SELL STOP is placed right below the support zone...
Thank you, so much...
  • #655,177
  • Jun 11, 2012 5:52pm Jun 11, 2012 5:52pm
i like the H1 and H4 for bullish entry. it's also an old 38fib level.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd0611.jpg Size: 111 KB
  • #655,178
  • Jun 11, 2012 6:01pm Jun 11, 2012 6:01pm
london time is 00:02 tuesday

Today was a joke
Its not an advice and sorry for grammar.
  • #655,179
  • Jun 11, 2012 6:07pm Jun 11, 2012 6:07pm
Hey guys I'm back and long from 1.2455
New voice message: Why are you calling me? If I need you, I'll call you!
  • #655,180
  • Jun 11, 2012 6:10pm Jun 11, 2012 6:10pm
Quoting KillerWhale
Hey guys I'm back and long from 1.2455
1 hr and 4 hr momentum is shifting upwards
New voice message: Why are you calling me? If I need you, I'll call you!
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