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  • #683,961
  • Aug 24, 2012 5:45am Aug 24, 2012 5:45am
i'm focus in 1,2533, a breakout of this could be a sign to go higher
Create confidence... because confidence is capital
  • #683,962
  • Aug 24, 2012 5:49am Aug 24, 2012 5:49am
is it possible that EU will down to 1.2400?
  • #683,963
  • Aug 24, 2012 5:50am Aug 24, 2012 5:50am
Quoting Tripeiro
In M15 TF we are get a oversold momentum, in my Scalper Strategy i preview a Long enter if Lower Scalper Band is get. Use a 15 PIPS of SL @1,2475

on H4 and D1 we are very overbought
the higher the TF, the more reliable are the RSI and Stoch reversal signals, although price can still just keep going.
TRADE FOR SWAP
  • #683,964
  • Aug 24, 2012 5:52am Aug 24, 2012 5:52am
Quoting Dayboy001
Morning Everyone !!

Back after two weeks holiday, I see the market has moved !!

Long @

EUR = 1.2519


G/L

I'll never know why people go long in the middle of lose air.
We're on the way from resistance @ 1.2550 to support @ 1.2480
New voice message: Why are you calling me? If I need you, I'll call you!
  • #683,965
  • Aug 24, 2012 5:53am Aug 24, 2012 5:53am
Looks like pair dipping to 05 aroundbouts.

Extreme 1.2495.
They think they are smarter than I am.
  • #683,966
  • Aug 24, 2012 5:55am Aug 24, 2012 5:55am
i am back to trading desk , looks my bull bleeding , did any one find my first AID kit

Edit : as Bull lost 2550 very low chance for short covering
Mohan
  • #683,967
  • Aug 24, 2012 5:59am Aug 24, 2012 5:59am
Quoting Tripeiro
In M15 TF we are get a oversold momentum, in my Scalper Strategy i preview a Long enter if Lower Scalper Band is get. Use a 15 PIPS of SL @1,2475
in the market, indicators like RSi or even stochastic does not work in highly volatile period they are instead delay/lagging indicators, even moving average is meet because price already went there during high volatility/volume.

i wonder how ur scalper strategy can scalp retrace short from tuesday to thursday when it had been overbought on every tf from 1min to 1 hour until 4 hour is reached yesterday on 1.2586. this week when the bull started to run, will only keep hitting stops, but ur stop is good, 15 pip. Those buyers after price got breakout from 1.2380 and 1.2450, was lucky any buy will only jump higher.

firstly is to identify the market behavior and patterns, ur scalping strategy will only work in ranging/consolidated range, just like eur/usd was before it break out from 1.2355 across its resistance at 1.2380 and then 1.2450 on hour 4. It then become a bull momentum market, any buy from there will just keep pushing when it broke the down trend and price action of 1.2440 area, check your hour4 and u will see it.

There is no such thing as oversold/overbought that is what make traders fear of entering buy at resistance/sell at support only to see the price did went that direction, but already too late.

, remember sell in may and go away? what happened in may, is there such thing as oversold? the oscillators will just remain on the same area where price don't move on a continuation of a biased direction, after it get enough rest, it keep breaking every support, vice versa resistance on a bull market.
  • #683,968
  • Aug 24, 2012 6:00am Aug 24, 2012 6:00am
Quoting KillerWhale
I'll never know why people go long in the middle of lose air.
We're on the way from resistance @ 1.2550 to support @ 1.2480
Retail traders far to impatient!
Even the worst trade can close with profit. Just give it time.
  • #683,969
  • Aug 24, 2012 6:02am Aug 24, 2012 6:02am
Quoting mohan76
i am back to trading desk , looks my bull bleeding , did any one find my first AID kit

Edit : as Bull lost 2550 very low chance for short covering
The bears stole it, but they'll give it back after support @ 1.2480.
So just keep bleeding for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: Bleeding-Skull.jpg Size: 149 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #683,970
  • Aug 24, 2012 6:04am Aug 24, 2012 6:04am
Quoting MaxDoom
I am being a little more adventurous...

short from 1.2548 looking for 1.245x

we shall see what 05 holds in store though....

nearly half way
  • #683,971
  • Aug 24, 2012 6:04am Aug 24, 2012 6:04am
Quoting mohan76
i am back to trading desk , looks my bull bleeding , did any one find my first AID kit

Edit : as Bull lost 2550 very low chance for short covering
I am still expecting to see 2480-90 before considering bull return...
Patience, Emotion Control and Discipline.
  • #683,972
  • Aug 24, 2012 6:05am Aug 24, 2012 6:05am
Quoting mohan76
nah Aussie not going to give that bad so quickly against USD but it should against euro (1.27xx)and GBP (1.58~ 60), any good news from china might turn the table , but your 39 playing very nicely
sorry bro had dinner engagement, yes 39 played her part well, but check all ladies them all held nicely

also agree china data getting more and more critical each week, mid sept will be d day,

sorry about aussie bears bro, but both bull and bear will have their day in the sun,

edit au daily is very interesting chart plenty been posted today by different people, and very good ones too and we traded the previous channel breach, remember it was absolute ahole period, her just kept crawling up beneath the ltl, about 8 or 9 days, fuk trollop, but bro when her did give up and fall was approx 900 pips, her p[ossibly in the same process now, I will do up chart shortly cant find old one
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  • #683,973
  • Aug 24, 2012 6:09am Aug 24, 2012 6:09am
shorts looking good down to 1,2470 at least. Wall st has been falling consistently for three days and now I think euro will follow. I've set TP for 1,2480 as I've got to go out. This is just above H1 100SMA, and just above the 38.2% fib anchored from the low on the 20th August. I think it'll go lower, but don't want to leave position over the long weekend.( bank hols here in the UK don't forget) I'll eat my mouse if it snaps back in the pm session, this looks like a pretty safe short atm ( famous last words!!)

A good weekend to all!
  • #683,974
  • Aug 24, 2012 6:11am Aug 24, 2012 6:11am
Quoting johncen
I am still expecting to see 2480-90 before considering bull return...
in my book bull don't have much hope today unless any supporting political comment
Mohan
  • #683,975
  • Aug 24, 2012 6:12am Aug 24, 2012 6:12am
Let's see if we can run this one down to 1.1850
I'm average short from 1.2049
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #683,976
  • Aug 24, 2012 6:16am Aug 24, 2012 6:16am
Quoting John Gray
Retail traders far to impatient!
I'm out. Waiting for this market to get some movement and direction.
"The market can remain irrational longer than you can remain solvent"
  • #683,977
  • Aug 24, 2012 6:16am Aug 24, 2012 6:16am
Quoting mohan76
in my book bull don't have much hope today unless any supporting political comment
maybe even until next month....
they decide to take a week break...
Patience, Emotion Control and Discipline.
  • #683,978
  • Aug 24, 2012 6:18am Aug 24, 2012 6:18am
Merkel and Samaras start press conference
Patience, Emotion Control and Discipline.
  • #683,979
  • Aug 24, 2012 6:20am Aug 24, 2012 6:20am
Quoting mohan76
in my book bull don't have much hope today unless any supporting political comment
Then how are you gonna stop bleeding?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #683,980
  • Aug 24, 2012 6:21am Aug 24, 2012 6:21am
Same ole same ole,

Glad to see you have a crystal ball !!

I am happy with the current low on both GBP & EUR if it doesn't hold I lose a few pips if if does I take a few pips !!

Quoting KillerWhale
I'll never know why people go long in the middle of lose air.
We're on the way from resistance @ 1.2550 to support @ 1.2480
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