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  • #685,381
  • Aug 28, 2012 10:58pm Aug 28, 2012 10:58pm
Why not? One more.

sell limit @ 1.2638
sl @ 1.2685
tp @ 1.2366 (will monitor, subject to change).
Time turns trend. - W.D. Gann
  • #685,382
  • Aug 28, 2012 11:00pm Aug 28, 2012 11:00pm
Quoting attila
We should see 2546 sooner or later. It can also get to 2495 if it wants to..
Same reason from 9 hours ago..
This one is somehow less likely now that I'm thinking about it..
  • #685,383
  • Aug 28, 2012 11:01pm Aug 28, 2012 11:01pm
I notice that on Bloomberg radio, depression and anxiety disorder are current topics. Is there a connection between mental disorder and trading? I mean are we all nuts? LOL.
"Men who can both be right and sit tight are uncommon."
  • #685,384
  • Aug 28, 2012 11:05pm Aug 28, 2012 11:05pm
Quoting Mike8
I notice that on Bloomberg radio, depression and anxiety disorder are current topics. Is there a connection between mental disorder and trading? I mean are we all nuts? LOL.
short of yes, otherwise why would we are waiting for a move in dead market
Mohan
  • #685,385
  • Aug 28, 2012 11:05pm Aug 28, 2012 11:05pm
Quoting ForExtraPips
buy limit @ 1.2537
sl @ 1.2522
tp @ 1.2600
I like this potential setup and am keeping my eye on that level for a long entry as well. I'm currently looking at the dollar futures and it looks like it wants to go up and touch recent resistance and what could possibly be a double top for the dollar index.

going to be patient. had some bad trades tonight.
  • #685,386
  • Aug 28, 2012 11:06pm Aug 28, 2012 11:06pm
Quoting Mike8
I notice that on Bloomberg radio, depression and anxiety disorder are current topics. Is there a connection between mental disorder and trading? I mean are we all nuts? LOL.

hmmmm lets see.......we sit in front of our computer screens - barely eating anything......most of us drink too much.....we don't see the light of day.....we stare at our computer screens......we listen to bloomberg.......we stare at our computer screens.....we talk to our computer screens......our wives and girlfriends do not understand what we do so we talk to strangers on forums.......hmmmmmmmmm are we nuts?????
I don't trust any move - when you have profit...take it.
  • #685,387
  • Aug 28, 2012 11:08pm Aug 28, 2012 11:08pm
Quoting NewbTrader7
I like this potential setup and am keeping my eye on that level for a long entry as well. I'm currently looking at the dollar futures and it looks like it wants to go up and touch recent resistance and what could possibly be a double top for the dollar index.

going to be patient. had some bad trades tonight.
I can see why you're eyeing that level.. I think 46 is more important on h1.. It was a level where it had hard time breaking and closing above + it's the bottom of a long white candle.. That's support..
  • #685,388
  • Aug 28, 2012 11:09pm Aug 28, 2012 11:09pm
Quoting mohan76
short of yes, otherwise why would we are waiting for a move in dead market
LOL.
"Men who can both be right and sit tight are uncommon."
  • #685,389
  • Aug 28, 2012 11:11pm Aug 28, 2012 11:11pm
Quoting Faller
hmmmm lets see.......we sit in front of our computer screens - barely eating anything......most of us drink too much.....we don't see the light of day.....we stare at our computer screens......we listen to bloomberg.......we stare at our computer screens.....we talk to our computer screens......our wives and girlfriends do not understand what we do so we talk to strangers on forums.......hmmmmmmmmm are we nuts?????
LOL. I think I am not the only one thinking that. I feel much better now. Thank you Faller.
"Men who can both be right and sit tight are uncommon."
  • #685,390
  • Aug 28, 2012 11:18pm Aug 28, 2012 11:18pm
Quoting attila
I can see why you're eyeing that level.. I think 46 is more important on h1.. It was a level where it had hard time breaking and closing above + it's the bottom of a long white candle.. That's support..
that 46 level break out also coincides with the area highlighted in grey with the dollar index futures. It was there that it had a tough time breaking through, finally did and price action has finally come back up to retest that previous support turned resistance. i'm going to wait and see if that level holds for this hourly close. If it does, i'll take a long with a tight stop loss. If dollar snaps through that level it could come down 28-33 in my honest opinion.

http://img.photobucket.com/albums/v6...8at91518PM.png
  • #685,391
  • Aug 28, 2012 11:18pm Aug 28, 2012 11:18pm
I think that mental health is very important to be able to make it as a good trader and trading very short time frame does not help.

Of course this is what I think and not necessary for everyone. I do not pretend to hold absolute truth. I am not that naive.
"Men who can both be right and sit tight are uncommon."
  • #685,392
  • Aug 28, 2012 11:19pm Aug 28, 2012 11:19pm
Quoting NewbTrader7
I like this potential setup and am keeping my eye on that level for a long entry as well. I'm currently looking at the dollar futures and it looks like it wants to go up and touch recent resistance and what could possibly be a double top for the dollar index.

going to be patient. had some bad trades tonight.
I hear you. That's like last night, before going to bed, I don't know what I was thinking with my buy entry, set and forget. Way too low. But tp was right on the money. After I gained over 50% of my account in two and a half weeks, I gave half of that back to the market in two days. Greed can kill you. I'm noticing the best nights to put orders in are Tuesday nights through Thursday nights for me. GL
Time turns trend. - W.D. Gann
  • #685,393
  • Aug 28, 2012 11:22pm Aug 28, 2012 11:22pm
Quoting xandi
you are achieving green pips, so you´re doing right, focus on that...other suggestion to your scalping strategie should be put your stop immediatly higher from the previous high, 1.2590...with tight TP, maybe tight SL is better!

no worries, I love to help and we are learning with experience of eachother here, everyday, allways!

Morning xandi, closed the smaller one because it touched TP at 1,25550 with 40Euro profit and also closed the 2 lots one with 365Eprofit, because I'm going to office and have several meetings and can't follow it for the next 2 hours .

Have a great day all and green pips like mine
  • #685,394
  • Aug 28, 2012 11:22pm Aug 28, 2012 11:22pm
please can anybody update us on what is going on the trends of EUR/USD is it going lower or higher
  • #685,395
  • Aug 28, 2012 11:27pm Aug 28, 2012 11:27pm
LOL! My girlfriend is tired of hearing my day to day forex results. Now, she only wants to hear once a month am I positive or negative.



Quoting Faller
hmmmm lets see.......we sit in front of our computer screens - barely eating anything......most of us drink too much.....we don't see the light of day.....we stare at our computer screens......we listen to bloomberg.......we stare at our computer screens.....we talk to our computer screens......our wives and girlfriends do not understand what we do so we talk to strangers on forums.......hmmmmmmmmm are we nuts?????
  • #685,396
  • Aug 28, 2012 11:27pm Aug 28, 2012 11:27pm
Quoting NewbTrader7
that 46 level break out also coincides with the area highlighted in grey with the dollar index futures. It was there that it had a tough time breaking through, finally did and price action has finally come back up to retest that previous support turned resistance. i'm going to wait and see if that level holds for this hourly close. If it does, i'll take a long with a tight stop loss. If dollar snaps through that level it could come down 28-33 in my honest opinion.

http://img.photobucket.com/albums/v6...8at91518PM.png...
I don't think it'll get through that cluster of bars on your chart.. It could do a discrete double top right around that area.. Just by looking at the PA.
  • #685,397
  • Aug 28, 2012 11:30pm Aug 28, 2012 11:30pm
Quoting ForExtraPips
I hear you. That's like last night, before going to bed, I don't know what I was thinking with my buy entry, set and forget. Way too low. But tp was right on the money. After I gained over 50% of my account in two and a half weeks, I gave half of that back to the market in two days. Greed can kill you. I'm noticing the best nights to put orders in are Tuesday nights through Thursday nights for me. GL
the very same thing happened to me last week. kills your confidence level too. Good luck to you too!
  • #685,398
  • Aug 28, 2012 11:33pm Aug 28, 2012 11:33pm
Quoting attila
I don't think it'll get through that cluster of bars on your chart.. It could do a discrete double top right around that area.. Just by looking at the PA.
I think you're right. If price retests that 50 level i'm taking a heavy long, tight stop loss.

edit: I think the probability of the long is higher if that 1hr candle closes as a hammer.
  • #685,399
  • Aug 28, 2012 11:34pm Aug 28, 2012 11:34pm
Quoting NewbTrader7
I think you're right. If price retests that 50 level i'm taking a heavy long, tight stop loss.
Long might be in order, but not heavy (at least for me).. It's all clustered on h1 right above..

On a smaller scale this configuration could mean trouble for longs unless there is a lot of conviction on the bulls side...

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 75 KB
  • #685,400
  • Aug 28, 2012 11:39pm Aug 28, 2012 11:39pm
Quoting disegnosys
LOL! My girlfriend is tired of hearing my day to day forex results. Now, she only wants to hear once a month am I positive or negative.

LOL.Women are more pragmatic, they get not lost into details.
"Men who can both be right and sit tight are uncommon."
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