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  • #2,301
  • Jul 31, 2012 8:33am Jul 31, 2012 8:33am
Quoting DonL
How strong do you think this line of resistance will be today? It's been pretty influential over the past couple of days.
Attachment
morning DonL...the line I see as a big resistance would the 1.0450 line if and when we get there it could determine if this move down is a big one...just an opinion..
  • #2,302
  • Jul 31, 2012 8:36am Jul 31, 2012 8:36am
Quoting chiknthief
That sneaky bear seasonal/cycle is upon us. (8/1 - 9/17) Looking for a bear candle on a daily/weekly TF for a possible trigger.

Patience patience
This was what happened during last 12 hours .........
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daddybearforex. com
  • #2,303
  • Jul 31, 2012 8:37am Jul 31, 2012 8:37am
Quoting petehnm
morning DonL...the line I see as a big resistance would the 1.0450 line if and when we get there it could determine if this move down is a big one...just an opinion..
I was reading all the posts about shorts and was having a distracted moment. Normally I would have pushed the buy when it hit that line, but a moment of indecision caused me to wait too long. I guess this was one of those times when I was right too late. Another 10 -15 pip trade would have been nice.

Can't you just kick yourself when the brain is disengaged!
  • #2,304
  • Jul 31, 2012 8:37am Jul 31, 2012 8:37am
Quoting DaddyBear
This was what happened during last 12 hours .........
dam you bull get off my bear....
  • #2,305
  • Jul 31, 2012 8:39am Jul 31, 2012 8:39am
Quoting DaddyBear
This was what happened during last 12 hours .........
But you could say the bulls gave the bears a BIG gift.
  • #2,306
  • Jul 31, 2012 8:39am Jul 31, 2012 8:39am
fack
  • #2,307
  • Jul 31, 2012 8:42am Jul 31, 2012 8:42am
Quoting chiknthief
But you could say the bulls gave the bears a BIG gift.
Don't get me wrong. I am with you. But, for the time being, I am riding on a raging bull to the hilltop.
daddybearforex. com
  • #2,308
  • Jul 31, 2012 8:44am Jul 31, 2012 8:44am
Quoting chiknthief
But you could say the bulls gave the bears a BIG gift.
Yes, for those suffering in a bear trap, the bulls let up long enough for some to close positions for a breather!

Looks like that trend line was a bit more powerful that one might have thought.
  • #2,309
  • Edited 8:58am Jul 31, 2012 8:45am | Edited 8:58am
Quoting DonL
I was reading all the posts about shorts and was having a distracted moment. Normally I would have pushed the buy when it hit that line, but a moment of indecision caused me to wait too long. I guess this was one of those times when I was right too late. Another 10 -15 pip trade would have been nice.

Can't you just kick yourself when the brain is disengaged!
I hear ya....for me at least for the next few weeks my focus is going to be to not have DD and if I can make some pips in the process then life will be good...this last time It was really bad....don't like the feeling that comes with a big Draw Down...so if we go to 1.06 which is still in the charts I will have my stops ready and re-entry points ready to go as well...

and yes I could just kick myself....
  • #2,310
  • Jul 31, 2012 8:48am Jul 31, 2012 8:48am
CYCLES - Buy mid to late august and then buy again around the middle of november. (Long term view)
  • #2,311
  • Jul 31, 2012 8:56am Jul 31, 2012 8:56am
Quoting DonL
Yes, for those suffering in a bear trap, the bulls let up long enough for some to close positions for a breather!

Looks like that trend line was a bit more powerful that one might have thought.
I never got a sell signal on the run up - still waiting. I'm looking for sell signals on a daily chart. Aint happened yet but I believe we're very close to it. May get a daily bear candle today. Maybe.
  • #2,312
  • Jul 31, 2012 8:56am Jul 31, 2012 8:56am
Quoting petehnm
I hear ya....for me at least for the next few weeks my focus is going to be to not have DD and if I can make some pips in the process then life will be good...this last time I was really bad....don't like the feeling that comes with a big Draw Down...so if we go to 1.06 which is still in the charts I will have my stops ready and re-entry points ready to go as well...

and yes I could just kick myself....
Just don't hurt yourself! Can be too distracting.

I have to catch some sleep now. I've been at this all day starting 15 hours ago now. Catch everyone in the morning at the end of the US session, which I don't like to trade anyway!
  • #2,313
  • Jul 31, 2012 8:59am Jul 31, 2012 8:59am
I'm starting to have flashbacks to last year when I kept trying to short the Euro knowing that the technicals were screaming it was overbought. But, everytime Trebuche would speak it jumped. =(
  • #2,314
  • Jul 31, 2012 9:03am Jul 31, 2012 9:03am
Quoting DonL
Just don't hurt yourself! Can be too distracting.

I have to catch some sleep now. I've been at this all day starting 15 hours ago now. Catch everyone in the morning at the end of the US session, which I don't like to trade anyway!

will do...have a good rest my friend...
  • #2,315
  • Jul 31, 2012 9:04am Jul 31, 2012 9:04am
Quoting chiknthief
I never got a sell signal on the run up - still waiting. I'm looking for sell signals on a daily chart. Aint happened yet but I believe we're very close to it. May get a daily bear candle today. Maybe.
Nothing but HHs and HLs on a daily for the moment. Have to go down to 1 hr and 15 min TFs to pip this pair ATM. When we get one of those daily trend changes, I'll be looking for shorts more than long positions.

Right now the Aussie just wants to float! Shouldn't be too long before a bear takes a swipe at the balloon!
Good night!!

Another touch of the lower trendline...
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  • #2,316
  • Jul 31, 2012 9:15am Jul 31, 2012 9:15am
Quoting DonL
Nothing but HHs and HLs on a daily for the moment. Have to go down to 1 hr and 15 min TFs to pip this pair ATM. When we get one of those daily trend changes, I'll be looking for shorts more than long positions.

Right now the Aussie just wants to float! Shouldn't be too long before a bear takes a swipe at the balloon!
Good night!!
Different strokes for different folks. 15m charts - (10-15 pebbles)............ daily TF - (200-500 BIG ASS PIPS). I like to find great buy/sell signals on longer time periods for the bigger moves. I don't trade every day. Takes lots of patience patience.
  • #2,317
  • Jul 31, 2012 9:21am Jul 31, 2012 9:21am


http://www.youtube.com/watch?v=SibnQt-oh2g
  • #2,318
  • Jul 31, 2012 9:22am Jul 31, 2012 9:22am
Quoting DaddyBear
Don't get me wrong. I am with you. But, for the time being, I am riding on a raging bull to the hilltop.
Now, the bulls are attempting to run to another hilltop ........
daddybearforex. com
  • #2,319
  • Jul 31, 2012 9:26am Jul 31, 2012 9:26am
Quoting chiknthief
Different strokes for different folks. 15m charts - (10-15 pebbles)............ daily TF - (200-500 BIG ASS PIPS). I like to find great buy/sell signals on longer time periods for the bigger moves. I don't trade every day. Takes lots of patience patience.
On short TF's you must be right a higher% of the time than a person who trades on a longer TF (1-3 days/weeks) The longer term trader can do well at 50% accuracy if he lets the profits run and cuts losses short. The in and out short term trader (a few hours intervals) must be right much higher than 50
% of the time.
  • #2,320
  • Jul 31, 2012 9:27am Jul 31, 2012 9:27am
Quoting chiknthief
On short TF's you must be right a higher% of the time than a person who trades on a longer TF (1-3 days/weeks) The longer term trader can do well at 50% accuracy if he lets the profits run and cuts losses short. The in and out short term trader (a few hours intervals) must be right much higher than 50
% of the time.
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