I use the 55EMA and added your 220EMA to see where it's at... They are both the same right now! Coincidence!
Confluence. It's all connected. No coincidence
Those who say it cannot be done should not interrupt those who are doing it
- #42,541
- Jul 12, 2012 9:10am Jul 12, 2012 9:10am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
- #42,542
- Jul 12, 2012 9:10am Jul 12, 2012 9:10am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
These are my trades today. Hopefully somebody could assist me to improve my trading technique. My final objective is to be in the 5 % group. I hope to reach there one day without my ac get burnt............hhhhhhhmmmmm
Placed 5th short @ 1.21932. No SL No TP are set.
6th short @ 1.21898. No SL No TP are set.
MM < 1%. (Chart attached).
My 3rd and 4th shorts closed with green pips.
My 1st and 2 nd short closed with -ve 4 pips. My mistake was I placed SL
too close to my short.
Oh, one more thing, get off the dang 5min chart.
- #42,543
- Jul 12, 2012 9:12am Jul 12, 2012 9:12am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #42,544
- Jul 12, 2012 9:14am Jul 12, 2012 9:14am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #42,545
- Jul 12, 2012 9:14am Jul 12, 2012 9:14am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I'm now eyeing the lower green line on my chart. Today's limit is 1.2150. There's still room to get the wick portion of the candle below there (and actually hit PT's target) but do I think we go back up. The chances are there from a technical point of view.
I could see a retrace back to 1.2335 or perhaps 1.2450. Higher than that would take good news out of Europe (or really bad news in the US). For the fundamentals I defer to PT's experience, he's knows a hell of alot more than I do about them.
Daily chart
Those who say it cannot be done should not interrupt those who are doing it
- #42,546
- Jul 12, 2012 9:17am Jul 12, 2012 9:17am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Fundamentals?? What the heck are they? Never heard of them. I swear on Osama Bin Laden's life
- #42,547
- Jul 12, 2012 9:19am Jul 12, 2012 9:19am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #42,548
- Jul 12, 2012 9:29am Jul 12, 2012 9:29am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Please not the CIA qaeda created boogieman?
http://www.freakingnews.com/pictures...man--69067.jpg
Those who say it cannot be done should not interrupt those who are doing it
- #42,549
- Jul 12, 2012 9:30am Jul 12, 2012 9:30am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Nooo. I meant the real one.. with camel toe
You definitely have TOO much time on your hands.
- #42,551
- Jul 12, 2012 9:31am Jul 12, 2012 9:31am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #42,552
- Jul 12, 2012 9:33am Jul 12, 2012 9:33am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #42,553
- Jul 12, 2012 9:34am Jul 12, 2012 9:34am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
So is this the start of a reversal. Common time to see the markets shift (around 3-3:30 UK time)
I'm sure someone can explain why this time is important?
London Fixing time
Start of London afternoon session (After long liquid lunch
)However, I don't believe we're going to see any major correction until we reach 1.2090 area.
Those who say it cannot be done should not interrupt those who are doing it
- #42,554
- Jul 12, 2012 9:37am Jul 12, 2012 9:37am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
US Option expiries @ CME
London Fixing time
Start of London afternoon session (After long liquid lunch
However, I don't believe we're going to see any major correction until we reach 1.2090 area.
I observe your reality but live my own.
- #42,555
- Jul 12, 2012 9:38am Jul 12, 2012 9:38am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
You mean my Rolex?
- #42,556
- Jul 12, 2012 9:39am Jul 12, 2012 9:39am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #42,557
- Jul 12, 2012 9:40am Jul 12, 2012 9:40am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Yes.. Your Chinese Rolex!
Those who say it cannot be done should not interrupt those who are doing it
- #42,558
- Jul 12, 2012 9:42am Jul 12, 2012 9:42am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Probably not but I'm no psychic. More likely hit it tomorrow.
- #42,559
- Jul 12, 2012 9:44am Jul 12, 2012 9:44am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Still think we're going to hit that today?
- #42,560
- Jul 12, 2012 9:45am Jul 12, 2012 9:45am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
Probably not but I'm no psychic. More likely hit it tomorrow.
I observe your reality but live my own.