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  • #682,541
  • Aug 21, 2012 1:29pm Aug 21, 2012 1:29pm
Quoting Vachus
Good, that will be an effective lesson to teach u how to use proper Stop lose - if you hand is cuted and you kept it bleeding , don't be surprise if you die
its not a question of stop loss. He somehow made a good decision, but optimism beat his trade. the Euro didnt stop climbing. Thats simply a losing trade, he must accept losses too, it doesnt mean that his strategies doesnt work or is wrong
Alternatives are more important than the plan itself
  • #682,542
  • Aug 21, 2012 1:32pm Aug 21, 2012 1:32pm
Quoting almo
ugh....I used to think like this as well.

Fact is - if your unable to see the trend, its likely because your not looking at the higher time frames.

Daily chart signaled the up trend since july 19th low.

Weekly chart also has a pretty clear trend showing from that same week

Monthly trend is a little convoluted, but you can still see that we have been rising.
Daily and weekly chart too
Alternatives are more important than the plan itself
  • #682,543
  • Aug 21, 2012 1:43pm Aug 21, 2012 1:43pm
Wave 3 of 5 of C on H4 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: H4.png Size: 22 KB
  • #682,544
  • Aug 21, 2012 1:57pm Aug 21, 2012 1:57pm
SELL
  • #682,545
  • Aug 21, 2012 1:59pm Aug 21, 2012 1:59pm
Note Dow and S&P are down most of the day heading to the last hour of trading.
  • #682,546
  • Aug 21, 2012 2:06pm Aug 21, 2012 2:06pm
at h4 time frame 100 ema about to cut 200 ema to upside, this doesnt happen a lot, if it does we have more way to go north it seems.
  • #682,547
  • Aug 21, 2012 2:12pm Aug 21, 2012 2:12pm
Quoting SunTrader
Wave 3 of 5 of C on H4 chart:
Thank you Suntrader.
  • #682,548
  • Aug 21, 2012 2:13pm Aug 21, 2012 2:13pm
nice trading day today.


May short Geppy, but it will be for an ultra small amount if I do.
  • #682,549
  • Aug 21, 2012 2:22pm Aug 21, 2012 2:22pm
Quoting SunTrader
Note Dow and S&P are down most of the day heading to the last hour of trading.
Thought some late buying might come in. Looks like not!!

Profit-taking big time. Wide range outside reversal day down closing appears to be in order.

Is it the start of something? Hmmm.
  • #682,550
  • Aug 21, 2012 2:28pm Aug 21, 2012 2:28pm
Short @ 1.2478
Added 1.2462
  • #682,551
  • Aug 21, 2012 2:29pm Aug 21, 2012 2:29pm
Quoting SunTrader
Thought some late buying might come in. Looks like not!!

Profit-taking big time. Wide range outside reversal day down closing appears to be in order.

Is it the start of something? Hmmm.
I'm pretty fearful at this point. Despite this nice run up, this also lends the larger charts returning to the existing downtrend line extending from the all time high.

Good evidence of some form of a reversal in the works. London will likely answer which way we are going to go at this point.
  • #682,552
  • Aug 21, 2012 2:31pm Aug 21, 2012 2:31pm
for me long now...when week will be finsh in long green candle..
Attached Image (click to enlarge)
Click to Enlarge Name: new7.gif Size: 25 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #682,553
  • Aug 21, 2012 2:40pm Aug 21, 2012 2:40pm
Quoting Emilpl
Short @ 1.2478
Added 1.2462
target and sl
  • #682,554
  • Aug 21, 2012 2:47pm Aug 21, 2012 2:47pm
Quoting SunTrader
Wave 3 of 5 of C on H4 chart:
Totally agree with u max tom if it tested it will go to 2534 fib level
and i have the same exact triangle on my chart
  • #682,555
  • Aug 21, 2012 3:03pm Aug 21, 2012 3:03pm
When its moving upwards , it only showed respect to support and in downwards showed the same respect to resistance ...

I think i'm at this point partly correct about a further retrace that could lead to going back to 1.23XX which is not strange at all. The movement today was based on optimism from Greece and the ECB , and this type of incentives doesn't last long .
"It's the Margin, Stupid."
  • #682,556
  • Aug 21, 2012 3:05pm Aug 21, 2012 3:05pm
good rr for a long sl at 54 (the low of the last upthrust 5 min bar)
  • #682,557
  • Aug 21, 2012 3:08pm Aug 21, 2012 3:08pm
Quoting Vachus
When its moving upwards , it only showed respect to support and in downwards showed the same respect to resistance ...

I think i'm at this point partly correct about a further retrace that could lead to going back to 1.23XX which is not strange at all. The movement today was based on optimism from Greece and the ECB , and this type of incentives doesn't last long .

Anything is possible. Better to pare back future trades until the trend presents itself again.
  • #682,558
  • Aug 21, 2012 3:13pm Aug 21, 2012 3:13pm
did any one notice that?!!
  • #682,559
  • Aug 21, 2012 3:15pm Aug 21, 2012 3:15pm
Quoting almo
Anything is possible. Better to pare back future trades until the trend presents itself again.
I have pending Short at 1.24850 , which might get activated at the morning not now ...

and will see
"It's the Margin, Stupid."
  • #682,560
  • Aug 21, 2012 3:19pm Aug 21, 2012 3:19pm
Quoting Stonar901
did any one notice that?!!
There's a pin bar on the 8 hr too.
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