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  • #678,601
  • Aug 10, 2012 8:53am Aug 10, 2012 8:53am
price compression downwards , but very strong support.
  • #678,602
  • Aug 10, 2012 8:54am Aug 10, 2012 8:54am
sp h1 sitting on its support. One of the reasons I took the trade.. I'm not THAT crazy..
  • #678,603
  • Aug 10, 2012 8:55am Aug 10, 2012 8:55am
Thanks Divak for the correction.

I am also seeing some support now at these levels.
  • #678,604
  • Aug 10, 2012 8:55am Aug 10, 2012 8:55am
Quoting 5percent
yes very true lol, on the intra-day range/scalping other than the bigger tf's entry, i have to identify what kind of market i am trading before i can use a strategy that can work with the market. Most of the time, i have to use 0.01 to test the market first before making bigger entries.

sometimes, it's consolidating, sometimes it's ranging, sometimes it's trending. have to understand wth the indicators/candles are trying to mean sometime and look out for BO or bounce.

no single strategy can work in all market condition, give last week for example...
I got buy stops and sell stops during that session and I got owned lol. Ranging strategies would of worked nicely since the price whipsawed like hell but of course everything's 20/20 in hindsight.
  • #678,605
  • Aug 10, 2012 8:57am Aug 10, 2012 8:57am
Take note guys.

Price have touched 1.2243, which also corresponds with the 50% retracement of the 1.2042/1.2444 rally.
  • #678,606
  • Aug 10, 2012 8:57am Aug 10, 2012 8:57am
Quoting attila
sp h1 sitting on its support. One of the reasons I took the trade.. I'm not THAT crazy..
Took half here, rest with SL at 46.. That's how it's done.
  • #678,607
  • Aug 10, 2012 8:58am Aug 10, 2012 8:58am
Quoting Rag2RichesFX
stopped out -1.5, but got 55, not bad, more down (already +6 green)!
stopped out another -1.5

But I did this and got 83 earlier, very nice
Be hopeful in a winning position, and fearful in a losing position.
  • #678,608
  • Aug 10, 2012 8:58am Aug 10, 2012 8:58am
yepeee..closed the rest. reason. it went up too fast.. will re enter if it continues up, but I need a retrace now..
  • #678,609
  • Aug 10, 2012 9:00am Aug 10, 2012 9:00am
Quoting attila
yepeee..
Oh well, you were only going for 5 pips anyway right?
Be hopeful in a winning position, and fearful in a losing position.
  • #678,610
  • Aug 10, 2012 9:02am Aug 10, 2012 9:02am
If this breaks 85 as 1.2345 will be very possible again , Could come crashing down hard from 80-85 again though, just my opinion
Loser trying to become a winner!
  • #678,611
  • Aug 10, 2012 9:02am Aug 10, 2012 9:02am
Quoting attila
sp h1 sitting on its support. One of the reasons I took the trade.. I'm not THAT crazy..
I wanted to hit the buy button so badly, once price touched 1.2241. But I chickened out. And sure enough, once price hit it, up it went, then paused at the 45 degree angle line. Live and learn, I guess. The fear factor is what I have to overcome.
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Time turns trend. - W.D. Gann
  • #678,612
  • Aug 10, 2012 9:05am Aug 10, 2012 9:05am
Im trying to train myself not to buy in a downtrend. It's very tempting at times but it's a part of discipline.

If you are going to buy in a downtrend, wait until trend lines are broken at least. Otherwise, you might be very disappointed.
  • #678,613
  • Aug 10, 2012 9:06am Aug 10, 2012 9:06am
Quoting ForExtraPips
The fear factor is what I have to overcome.
Me too, cancelled at least two good trades today

Done for the week. Have a good week all.
"Men who can both be right and sit tight are uncommon."
  • #678,614
  • Aug 10, 2012 9:06am Aug 10, 2012 9:06am
Quoting ForExtraPips
I wanted to hit the buy button so badly, once price touched 1.2241. But I chickened out. And sure enough, once price hit it, up it went, then paused at the 45 degree angle line. Live and learn, I guess. The fear factor is what I have to overcome.
Me as well bud, don't worry.

Looks like its turning bull on 1m.

I'm done for the week, closed 90% of shorts @ 60, rest are all S/L @ BE (incase we go to 2040 or something).


Have a great weekend everyone and good luck to knife catchers.
Be hopeful in a winning position, and fearful in a losing position.
  • #678,615
  • Aug 10, 2012 9:06am Aug 10, 2012 9:06am
Quoting ForExtraPips
I wanted to hit the buy button so badly, once price touched 1.2241. But I chickened out. And sure enough, once price hit it, up it went, then paused at the 45 degree angle line. Live and learn, I guess. The fear factor is what I have to overcome.
That's the worst of the worst, but TBH, I see no other way of trading. I'm kicking myself for not taking the drop from 71, that was another one pip perfect.
  • #678,616
  • Aug 10, 2012 9:07am Aug 10, 2012 9:07am
Quoting Rag2RichesFX
Oh well, you were only going for 5 pips anyway right?
no. SL was 5 pips. I was not that clear at the time.
  • #678,617
  • Aug 10, 2012 9:08am Aug 10, 2012 9:08am
Quoting attila
no. SL was 5 pips. I was not that clear at the time.
ohh.. thought you got stopped out @ BE?

Anyway, great to have your insight, hope you don't leave the forums again.

Take care and see ya next week hopefully.
Be hopeful in a winning position, and fearful in a losing position.
  • #678,618
  • Aug 10, 2012 9:09am Aug 10, 2012 9:09am
Quoting attila
That's the worst of the worst, but TBH, I see no other way of trading. I'm kicking myself for not taking the drop from 71, that was another one pip perfect.
and 23000 yesterday ? i had the same opinion but changed to long
"It's the Margin, Stupid."
  • #678,619
  • Aug 10, 2012 9:09am Aug 10, 2012 9:09am
Did you guys noticed we moved back above 59? We might rotate around it for a little while..
  • #678,620
  • Aug 10, 2012 9:10am Aug 10, 2012 9:10am
Quoting Rag2RichesFX
ohh.. thought you got stopped out @ BE?

Anyway, great to have your insight, hope you don't leave the forums again.

Take care.
we have happy environment now , he will stay , it's not good to recall bitter past
Mohan
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