thanks nachiket. It has to be news driven. Else the euro/usd won't move I guess. Now flat again ....
damm wonder when the bad news starts coming for shorters to cheer.
- #676,525
- Aug 7, 2012 5:38am Aug 7, 2012 5:38am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
I think on a very short time frame like this 30s, the struggle between bear and bulls is so evident and tangible.
The downtrend was down the she formed a block, at 2407 prices tapped various times, made two tease (false BO), the last one without pretension.
She made 3 higher bottom and before she broke there were tension, prices oscillate between the average and the barrier and before the break she formed two dojis. (perfect break)
A friend of mine does this all the time, his TP is set at 10 pips with an average SL of 6. He risks is 2% per trade. He is really good at it.
I did not take this trade, but sometime I trade like this, not often... I am too old...
The downtrend was down the she formed a block, at 2407 prices tapped various times, made two tease (false BO), the last one without pretension.
She made 3 higher bottom and before she broke there were tension, prices oscillate between the average and the barrier and before the break she formed two dojis. (perfect break)
A friend of mine does this all the time, his TP is set at 10 pips with an average SL of 6. He risks is 2% per trade. He is really good at it.
I did not take this trade, but sometime I trade like this, not often... I am too old...
"Men who can both be right and sit tight are uncommon."
- #676,528
- Aug 7, 2012 5:42am Aug 7, 2012 5:42am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I really dislike shorting the upward channel. Chance of picking the top wrong is so high, better off waiting to long and having much higher success rate.
hasnt dropped in so long.. ill upload my chart to let you know what i am thinking
If you are new to Forex? Say Goodbye to your account!!
- #676,529
- Aug 7, 2012 5:48am Aug 7, 2012 5:48am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #676,530
- Aug 7, 2012 5:49am Aug 7, 2012 5:49am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #676,532
- Aug 7, 2012 5:55am Aug 7, 2012 5:55am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
yes agreed, however I have little more faith in those levels both girls, my plan is see if one will rect first and the other follow I too will get chart
I am trying to sell defend 8224ish, has proven nice resistance prior, and close to top of breakout to the left her is also tapping utl of falling wedge, is similar au but her is rising channel
Has been very frustrating, but I have plenty of patience,
her presently has rejected 8224, but now squeezed betwween there and 8200 which has coinsided with the big red falling tl, acting as temp support for now, so is waiting time, for first one to break, wish it would hurry up
Bro if my plan pans out will be some nice pips on table, have been waiting a long time for pa to reach these levels, little longer wont hurt.
If you are new to Forex? Say Goodbye to your account!!
- #676,534
- Aug 7, 2012 6:06am Aug 7, 2012 6:06am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #676,535
- Aug 7, 2012 6:09am Aug 7, 2012 6:09am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Bro is Daily
I am trying to sell defend 8224ish, has proven nice resistance prior, and close to top of breakout to the left her is also tapping utl of falling wedge, is similar au but her is rising channel
Has been very frustrating, but I have plenty of patience,
her presently has rejected 8224, but now squeezed betwween there and 8200 which has coinsided with the big red falling tl, acting as temp support for now, so is waiting time, for first one to break, wish it would hurry up
Bro if my plan pans out will be some nice pips on table,...
"Men who can both be right and sit tight are uncommon."
- #676,536
- Aug 7, 2012 6:10am Aug 7, 2012 6:10am
- Joined Sep 2008 | Status: Trader | 2,275 Posts
Price is trapped between 1.2419 and 1.2412...
What could be happen next?
Shall I do that ? Shall I all do a favor ? Believe me, if I enter market starts to rally - in the opposite direction of my trade of course.
bored Jack.
- #676,537
- Aug 7, 2012 6:11am Aug 7, 2012 6:11am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
this will all fall !!!!!!!!!!!!!!!!!!!!!! lol 
- #676,538
- Aug 7, 2012 6:12am Aug 7, 2012 6:12am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
I play cards by my own. and watching range's going to 3 pips. ALL IN on low and ALL IN on high of that range.
Shall I do that ? Shall I all do a favor ? Believe me, if I enter market starts to rally - in the opposite direction of my trade of course.
bored Jack.
- #676,539
- Aug 7, 2012 6:14am Aug 7, 2012 6:14am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
The only thing that matters is your account growth.
"Men who can both be right and sit tight are uncommon."
- #676,540
- Aug 7, 2012 6:14am Aug 7, 2012 6:14am
- | Joined Apr 2012 | Status: Trader | 1,823 Posts
let us know when u do; so we do opposite bets
Sometimes it's better to be wrong,to learn..