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  • #679,921
  • Aug 14, 2012 8:41am Aug 14, 2012 8:41am
Quoting SunTrader
Seriously?

Put a 10 period SMA on a chart from M1 to upto at least H1 but even on a daily basis. OK so H4, which a lot of traders use here, is a little debatable. BTW I don't use SMA's, I use other techniques. It is just a suggestion.

Otherwise there is no question which way the trend is heading as well as accelerating.
Fair enough, i'm the one holding the Long position and will consume the lose ! However, i haven't seen someone saying " This is short for sure ". The majority if not all of Short positions was actually retraces from higher movements ! ( Which doesn't take a genius to guess and some of them got really lucky with a harsher retrace )

What i'm trying to say is : There was a Long setup for today , but not a short. Why at the end of the day would it differ ?
"It's the Margin, Stupid."
  • #679,922
  • Aug 14, 2012 8:44am Aug 14, 2012 8:44am
probably down - tricky day
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  • #679,923
  • Aug 14, 2012 8:45am Aug 14, 2012 8:45am
Quoting Vachus
Fair enough, i'm the one holding the Long position and will consume the lose ! However, i haven't seen someone saying " This is short for sure ". The majority if not all of Short positions was actually retraces from higher movements ! ( Which doesn't take a genius to guess and some of them got really lucky with a harsher retrace )

What i'm trying to say is : There was a Long setup for today , but not a short. Why at the end of the day would it differ ?
If there is an answer - it lies with the chart(s) you are looking at.


Anything intraday , would appear that the trend is down.


Edit ** as I write this , price is attempting to reach the levels where the fight started. Guess we should start getting ready for the ePeeing again.... **
  • #679,924
  • Aug 14, 2012 8:47am Aug 14, 2012 8:47am
Quoting darodi
i am long again at 1.2325 with Sl 1.2315 and placed a sell stop at 1.2315
Me too.
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Weigh well output the loss and gain And proper action ascertain
  • #679,925
  • Aug 14, 2012 8:48am Aug 14, 2012 8:48am
she wants to go back to space for some reason 1.25 1.26 is on my mind
  • #679,926
  • Aug 14, 2012 8:49am Aug 14, 2012 8:49am
Quoting SnaveForex
she wants to go back to space for some reason 1.25 1.26 is on my mind
current levels playing resistance turn support, support turn resistance
  • #679,927
  • Aug 14, 2012 8:50am Aug 14, 2012 8:50am
Quoting almo
If there is an answer - it lies with the chart(s) you are looking at.


Anything intraday , would appear that the trend is down.


Edit ** as I write this , price is attempting to reach the levels where the fight started. Guess we should start getting ready for the ePeeing again.... **
you know you reminded me of a joke " The highest IQ jobs are priest and stock trader, and they both use praying "
"It's the Margin, Stupid."
  • #679,928
  • Aug 14, 2012 8:51am Aug 14, 2012 8:51am
Quoting usasa
Me too.
are you going to hold it for long or just scalping?
I don not know where to set my tp yet...
  • #679,929
  • Aug 14, 2012 8:52am Aug 14, 2012 8:52am
Quoting Vachus
This is short for sure

There was a Long setup for today , but not a short.
nothing is 100%. besides, some of us have trades to manage than posting.

there was a short setup as well, depends on how you define setups.
  • #679,930
  • Aug 14, 2012 8:53am Aug 14, 2012 8:53am
Quoting darodi
are you going to hold it for long or just scalping?
I don not know where to set my tp yet...
2345 my target
Weigh well output the loss and gain And proper action ascertain
  • #679,931
  • Aug 14, 2012 8:54am Aug 14, 2012 8:54am
Quoting Vachus
Fair enough, i'm the one holding the Long position and will consume the lose ! However, i haven't seen someone saying " This is short for sure ". The majority if not all of Short positions was actually retraces from higher movements ! ( Which doesn't take a genius to guess and some of them got really lucky with a harsher retrace )

What i'm trying to say is : There was a Long setup for today , but not a short. Why at the end of the day would it differ ?
If the majority here (and not meaning anyone at all in particular) were shouting short, I would go long.

Actually no I wouldn't. I would follow my own plan.

But I don't know what long setup for today you are referring to?
Just because yesterday was an up close and expect a continuation?
  • #679,932
  • Aug 14, 2012 8:55am Aug 14, 2012 8:55am
hello
i have a problem, if anyone can advise me.
i had a sell trade with sl last night at 1.2349
the h1 candle at that hour have high 1.2348 .
we have spred 2pips. but was a sell position.

i miss something? is the broker playing against me?
  • #679,933
  • Aug 14, 2012 8:57am Aug 14, 2012 8:57am
Quoting Vachus
Why people think that this trend is going down ? I really don't understand that , i mean any technical analysis behind it or speculation ? In any case - why people are shorting ? based on what ?

Long also is a risk , but at least you can clearly see an up channel and new highs has been reached today - still, it could drop or flatten , but the position is based on something
Well depends on your TF, doesn't it?.

IMO you are highlighting one of the most common mistakes/myths you found around here: that markets always MUST be in a trend . This is not true at all, despite the TF.

You can clearly see and differentiate 2 groups of trader around:

1) those good traders who recognize and adapt when they are trading (or skipping) a pullback wave against the trend or when they are trading a wave with the trend or when they are fading the extremes of a range or sitting on the sidelines in a consolidation area until a reversal is confirmed to ride the wave to the other side....

2) and those who trade everything that moves and treat a pullback as reversal, and a reversal as a continuation ...those are what I call the perma trends traders... they think every ebb and flow is a trend.....

Is the trend going down? well as I said depends on the TFs. The levels in play right now are above daily chart (weekly to yearly) and there is no discussion that we are in trend down. However, we are testing key Support (Quarterly) meaning that the meat of the move is gone and a deeper pullback maybe cooking. So no trend up at all yet just chop zone in Support until a pullback is completed ...either you ride the pullback or skip it ...that's it ..it works for Daily or Weekly charts or M1 ....

The key is in recognizing that trading prices ARE NOT always in a trend....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #679,934
  • Aug 14, 2012 8:58am Aug 14, 2012 8:58am
stuck btwn 100 ema 1.2328 and 200 ema 1.2320
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  • #679,935
  • Aug 14, 2012 8:58am Aug 14, 2012 8:58am
Quoting am-draci
hello
i have a problem, if anyone can advise me.
i had a sell trade with sl last night at 1.2349
the h1 candle at that hour have high 1.2348 .
we have spred 2pips. but was a sell position.

i miss something? is the broker playing against me?
1.2348 + 2 => 1.2350 your stop out is fair
Mohan
  • #679,936
  • Aug 14, 2012 8:59am Aug 14, 2012 8:59am
Quick look at charts on phone shows next hour prob revist 2315 with new 4hr kicking in then for more up. Maybe an Asian attack on 1.24
Disclaimer: Check your 1m charts
  • #679,937
  • Aug 14, 2012 9:00am Aug 14, 2012 9:00am
There is a completed reverse head and shoulders in the eur/usd completing at its pullback to 1.232. Is it possible we could see a run back to 1.3?
  • #679,938
  • Aug 14, 2012 9:03am Aug 14, 2012 9:03am
Got back in the upper box, 28 will decide again... I'd say it'll give.. watching..
  • #679,939
  • Aug 14, 2012 9:08am Aug 14, 2012 9:08am
Quoting mohan76
1.2348 + 2 => 1.2350 your stop out is fair
i dont understand....
the ask line close the trade? not the bid line?
  • #679,940
  • Aug 14, 2012 9:09am Aug 14, 2012 9:09am
i'm bullish
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