- #661,301
- Jun 22, 2012 9:53am Jun 22, 2012 9:53am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #661,302
- Jun 22, 2012 10:14am Jun 22, 2012 10:14am
- Joined Dec 2011 | Status: Trader | 3,013 Posts
Today +0.5% but in all week +28% so is better than my plan
Nice weekend for all
Nice weekend for all
- #661,305
- Jun 22, 2012 10:47am Jun 22, 2012 10:47am
- | Joined Dec 2009 | Status: Bear | 1,009 Posts
another way to view it is the buyers below noted candle do not want to sell since they just got in for a long.
if this support gives substantially then price could begin to slip lower on exhaustion and panic taking us back to the bottom for a retest.
but that would give us a substantial trend line break too so with a close below the line you should get out anyway.
keep your stops
well, here is what I see 
- #661,306
- Jun 22, 2012 10:53am Jun 22, 2012 10:53am
- Joined Sep 2010 | Status: Trader | 1,122 Posts
Human
- #661,307
- Jun 22, 2012 11:01am Jun 22, 2012 11:01am
- | Joined Nov 2009 | Status: The Trend is Your Friend | 1,123 Posts
Possible outcome.
Price retraced 50% down so far. We might be in a correction still and a possible outcome could be this 3-drive pattern. Could get a surprise gap for the bears on monday.
The Blue paralell lines are equidistant channel drawn off the top. I bought this morning at 2525, but was kicked out as it retraced into my entry.
Price retraced 50% down so far. We might be in a correction still and a possible outcome could be this 3-drive pattern. Could get a surprise gap for the bears on monday.
The Blue paralell lines are equidistant channel drawn off the top. I bought this morning at 2525, but was kicked out as it retraced into my entry.
- #661,309
- Jun 22, 2012 11:33am Jun 22, 2012 11:33am
Looking at the 4 H and the past 3 candles have been hammers so that area is proving to be strong support. I would like to position a long on the current are but kind of not sure because i would have to leave it open for the weekend.
Thoughts anyone?
Thoughts anyone?
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
Long over the weekend with a target of 2580 EOD and 2650 Monday Opening
Looking at the 4 H and the past 3 candles have been hammers so that area is proving to be strong support. I would like to position a long on the current are but kind of not sure because i would have to leave it open for the weekend.
Thoughts anyone?
Trading Consultants Inc JJG
- #661,311
- Jun 22, 2012 11:48am Jun 22, 2012 11:48am
- | Joined Nov 2009 | Status: The Trend is Your Friend | 1,123 Posts
Looking at the 4 H and the past 3 candles have been hammers so that area is proving to be strong support. I would like to position a long on the current are but kind of not sure because i would have to leave it open for the weekend.
Thoughts anyone?
I am not so sure about that as I think yesterdays drop was suspicious and it stopped dead at 50% fib retracement, thus my post above that projects 1.28xx. To bad it's Friday or I would look to buy the dips.
enterfx http://www.forexfactory.com/images/s...ser_online.gif
The Trend is Your Friend
The 2:55 Pm candle was worth 15 pips down
Dare we short The support is where the pips are...
12560 support and resistance
3:00 PM candle downb again here we go.......
NOT
They are suckering us in at this 2560 level with intent to
well you know what I am suggesting
I am already decisioned for my positions
So I am simply a spectator at this point. 1.5 lots long overnight unless we hit 2600 today
The Trend is Your Friend
The 2:55 Pm candle was worth 15 pips down
Dare we short The support is where the pips are...
12560 support and resistance
3:00 PM candle downb again here we go.......
NOT
They are suckering us in at this 2560 level with intent to
well you know what I am suggesting
I am already decisioned for my positions
So I am simply a spectator at this point. 1.5 lots long overnight unless we hit 2600 today
Trading Consultants Inc JJG
- #661,314
- Jun 22, 2012 12:17pm Jun 22, 2012 12:17pm
- | Joined Dec 2011 | Status: Trader | 1,121 Posts
im not too committed. how about you?
- #661,315
- Jun 22, 2012 12:20pm Jun 22, 2012 12:20pm
- | Joined Dec 2011 | Status: Trader | 1,121 Posts
Looking at the 4 H and the past 3 candles have been hammers so that area is proving to be strong support. I would like to position a long on the current are but kind of not sure because i would have to leave it open for the weekend.
Thoughts anyone?
not enough buyers to keep the price up.
- #661,319
- Jun 22, 2012 1:40pm Jun 22, 2012 1:40pm
Superb Photo and I know how he feels
Attachment
The way i've been looking at my charts today
Have a good weekend everyone next week should be interesting.
I have a long open from 12530. I took half the profit at plus 30 and have moved SL to 12550 If I leave this open at the close and there is a gap down at the open will my stoploss still be effective or will my broker ignore it?
