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  • #676,941
  • Aug 7, 2012 7:33pm Aug 7, 2012 7:33pm
Quoting attila
2385 just became important. and it went just as fast..
It guess this one will decide..

m15 engulfed, better don't spin next.
  • #676,942
  • Aug 7, 2012 7:38pm Aug 7, 2012 7:38pm
Quoting attila
It guess this one will decide..
I dont understand the statement above ...

The thing is that it looks to me that the price is cornered in a down channel and usually i see down extension and consolidation before major things may happen ...

i will go to sleep for now and wake up after two hour to see what is happening

I had short at 24200 and closed at 900 ..
I opened a short position at 23911 and i will leave it open with SL 10 pips up
"It's the Margin, Stupid."
  • #676,943
  • Aug 7, 2012 7:40pm Aug 7, 2012 7:40pm
Quoting Vachus
I dont understand the statement above ...

The thing is that it looks to me that the price is cornered in a down channel and usually i see down extension and consolidation before major things may happen ...

i will go to sleep for now and wake up after two hour to see what is happening

I had short at 24200 and closed at 900 ..
I opened a short position at 23911 and i will leave it open with SL 10 pips up
I meant 85 will decide this turn.. It doesn't mean it will go to 2500.. just this turn then we'll see..
  • #676,944
  • Aug 7, 2012 7:49pm Aug 7, 2012 7:49pm
long gu? perfect opportunity in the channel in my opinion

sl 1.56 tp 1.568
Even the worst trade can close with profit. Just give it time.
  • #676,945
  • Aug 7, 2012 7:52pm Aug 7, 2012 7:52pm
91.6 for continuation up.
  • #676,946
  • Aug 7, 2012 7:53pm Aug 7, 2012 7:53pm
Its not looking like its gonna break 2375.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #676,947
  • Aug 7, 2012 8:03pm Aug 7, 2012 8:03pm
Quoting attila
91.6 for continuation up.
Ha! No need to get that specific!

Trying short from 94 with tight stop
Be hopeful in a winning position, and fearful in a losing position.
  • #676,948
  • Aug 7, 2012 8:07pm Aug 7, 2012 8:07pm
Quoting Rag2RichesFX
Ha! No need to get that specific!

Trying short from 94 with tight stop
Oh, sorry.. just how I trade.. scalping habit.
  • #676,949
  • Aug 7, 2012 8:09pm Aug 7, 2012 8:09pm
Levels are like a mafioso boss, they are only valid when they are respected..

Yesterday I bought the pin bad (red harrow), before that we had 3 hourly bearish candle. I made my green pips. Was I sure to get green pips? Only a fool would. I took my chance, that's all. What made sense to me was a rejection of that level and a possible covering of the bears.(new bulls)

Now, price went back to the same level forming also a reversal pattern. Will it respond in the same way? I do not know, and am not taking the chance this time because now we are in the Asian session, so they will not be many side lines joining the move. Also as you can see there are three pushes move which is considered bearish, but I would not rely very much on TA, which I consider important but nor essential.
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"Men who can both be right and sit tight are uncommon."
  • #676,950
  • Aug 7, 2012 8:09pm Aug 7, 2012 8:09pm
Quoting attila
Oh, sorry.. just how I trade.. scalping habit.
Just messing around. But I think we all have slightly different prices when talking about pipettes
Be hopeful in a winning position, and fearful in a losing position.
  • #676,951
  • Aug 7, 2012 8:10pm Aug 7, 2012 8:10pm
Seems it's going back to re test 2377
  • #676,952
  • Aug 7, 2012 8:10pm Aug 7, 2012 8:10pm
Quoting Rag2RichesFX
Just messing around. But I think we all have slightly different prices when talking about pipettes
careful with that short though.. you might be shorting a retrace. I hope not for your sake..
  • #676,953
  • Aug 7, 2012 8:13pm Aug 7, 2012 8:13pm
Quoting Rag2RichesFX
Ha! No need to get that specific!

Trying short from 94 with tight stop
Closed 2391, bullflag on 5m. 30m morning star.

Tried this trade to try and catch another down wave to 77 or through it. But sell volume isn't there for me so I'm out.

Edit: should have placed stop @ BE just incase I was right. oh well, +3

I'm going to close shorts from 2435 if 2404 breaks and holds. took partial at 2380.

Then to bed, need energy for London
Be hopeful in a winning position, and fearful in a losing position.
  • #676,954
  • Aug 7, 2012 8:14pm Aug 7, 2012 8:14pm
Quoting Rag2RichesFX
Closed 2391, bullflag on 5m
see why I was looking at 91... still below it though..
  • #676,955
  • Aug 7, 2012 8:21pm Aug 7, 2012 8:21pm
for the next few hours at least. There will be some tiny uptrends but downtrend all over the 4hr & 1D charts.
  • #676,956
  • Aug 7, 2012 8:27pm Aug 7, 2012 8:27pm
Quoting Rag2RichesFX
Closed 2391, bullflag on 5m. 30m morning star.

Tried this trade to try and catch another down wave to 77 or through it. But sell volume isn't there for me so I'm out.

Edit: should have placed stop @ BE just incase I was right. oh well, +3

I'm going to close shorts from 2435 if 2404 breaks and holds. took partial at 2380.

Then to bed, need energy for London
How many pips did you risk?
"Men who can both be right and sit tight are uncommon."
  • #676,957
  • Aug 7, 2012 8:28pm Aug 7, 2012 8:28pm
Quoting Qfx
for the next few hours at least. There will be some tiny uptrends but downtrend all over the 4hr & 1D charts.
I am not saying you could not be right. It can drop, I agree.. But you should not be that sure about anything in forex.. Looking at daily.. Yes it has all the reversal candles on the menu, but.. many times the price moves, then it pauses, and levels off, for the next move up.. That's where it makes all kinds of weird things, especially when it's not at any important resistance.. I can see that low at 2406.. it's been back testing but those are supposedly just trapped bulls that might hold onto their trades if it moves fast through that zone.. Next serious resistance I have on daily is 2640
  • #676,958
  • Aug 7, 2012 8:29pm Aug 7, 2012 8:29pm
Quoting attila
see why I was looking at 91... still below it though..
Indeed I'm just trying to catch the high for the next 50 pips down while only risking 3-5 pips. It's still bearish on mid TFs

(even though there is signs of a reversal here)
Be hopeful in a winning position, and fearful in a losing position.
  • #676,959
  • Aug 7, 2012 8:30pm Aug 7, 2012 8:30pm
Quoting Rag2RichesFX
Indeed I'm just trying to catch the high for the next 50 pips down while only risking 3-5 pips. It's still bearish on mid TFs
That's always a good idea..
  • #676,960
  • Aug 7, 2012 8:38pm Aug 7, 2012 8:38pm
Quoting attila
That's always a good idea..
Sarcasm or not?

2404 is my limit then taking profit and calling it a day, might just continue up right here, no test of 2354 or 2340
Be hopeful in a winning position, and fearful in a losing position.
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