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  • #690,981
  • Sep 12, 2012 3:47am Sep 12, 2012 3:47am
Quoting MaxDoom
This would normally be a prime spot for the bears to show their face....

It has just reached the 61.8% retrace on the daily of 1.348x to 1.204x swing down.

so lets see what happens

closed my longs at 2930 for +56 and +48

now short from 2926
  • #690,982
  • Sep 12, 2012 3:50am Sep 12, 2012 3:50am
Quoting MaxDoom
closed my longs at 2930 for +56 and +48

now short from 2926
Well done.
"Men who can both be right and sit tight are uncommon."
  • #690,983
  • Sep 12, 2012 3:52am Sep 12, 2012 3:52am
Quoting MaxDoom
closed my longs at 2930 for +56 and +48

now short from 2926
typical Max . why short max any reason. I see 1.3 now
  • #690,984
  • Sep 12, 2012 3:52am Sep 12, 2012 3:52am
Usually delayed move like this one on CABLE means that there are no active buyers or sellers on the market.

Instead move is waiting for an algo that has a certain point where it is to buy and sell.
Those 10 pips grabs are usually algos and those moves are not sustainable. It may buy market up or sell down in a short momentum and take profit and then the shit gets filled.
They think they are smarter than I am.
  • #690,985
  • Sep 12, 2012 3:53am Sep 12, 2012 3:53am
Quoting Z3iz3i
It's close call to short eurusd now, i would wait a bit.

Anyway, cable tried and euro popped up some but cable needs to reload lower and that will spill over to euro as well.

Eurgbp is pretty much intraday high...
cable's rally is overstreteched on daily as well as weekly and should retrace to 1.5850
  • #690,986
  • Sep 12, 2012 3:53am Sep 12, 2012 3:53am
Quoting Z3iz3i
Usually delayed move like this one on CABLE means that there are no active buyers or sellers on the market.

Instead move is waiting for an algo that has a certain point where it is to buy and sell.
Those 10 pips grabs are usually algos and those moves are not sustainable. It may buy market up or sell down in a short momentum and take profit and then the shit gets filled.
so where do you reckon the next move on cable is?
  • #690,987
  • Sep 12, 2012 3:54am Sep 12, 2012 3:54am
Quoting Mike8
Yes course, everything is important specially in the bigger TF: Fibo extensions and projections, confluence of fibo levels, Support/Resistance, patterns, trendlines, candle patterns.

Reading: TA of the financial Markets by J murphy, Harmonic trading by s Carney and Trade Chart patterns like a Pro by S Duddella.

For price action and short terms:Forex price action scalping by B Volman and Reading Price Chart Bar by Bar by A Brooks but most importantly you need to bring something of yourself in it, your creativity... Trading is not a science,...
I love to learn new things. I always read. With full-time coursework, it is hard to trade as much as I like.

I am synethically short Euro via long USDCHF
  • #690,988
  • Sep 12, 2012 3:55am Sep 12, 2012 3:55am
Quoting Nachiket
typical Max . why short max any reason. I see 1.3 now
just following the flow, hit 61.8% retace on daily and rejected it, momentum pulled up

so just expecting a little pull back, may end up just a scalp we shall see. SL already at BE don't want to give anything back on it as a countertrend trade.
  • #690,989
  • Sep 12, 2012 3:55am Sep 12, 2012 3:55am
Quoting Z3iz3i
Usually delayed move like this one on CABLE means that there are no active buyers or sellers on the market.

Instead move is waiting for an algo that has a certain point where it is to buy and sell.
Those 10 pips grabs are usually algos and those moves are not sustainable. It may buy market up or sell down in a short momentum and take profit and then the shit gets filled.
Too much algo these days... When LDNFIX is over it's all algo time. No fun and no chance for the shorter to escape!
  • #690,990
  • Sep 12, 2012 4:00am Sep 12, 2012 4:00am
Quoting Nachiket
so where do you reckon the next move on cable is?
That's the problem, i am not a foreseer.

It is pretty much still now waiting for action.

It is different when it comes to trading to predict than identify stuff and act accordingly.
They think they are smarter than I am.
  • #690,991
  • Sep 12, 2012 4:01am Sep 12, 2012 4:01am
long euro at 2900 and put 100% of your account in one trade.
be confident cause ECB, germany, and bernanke will do what ever it takes to make u profitable
  • #690,992
  • Sep 12, 2012 4:02am Sep 12, 2012 4:02am
Quoting Z3iz3i
That's the problem, i am not a foreseer.

It is pretty much still now waiting for action.

It is different when it comes to trading to predict than identify stuff and act accordingly.
let me tell you i have given up on predicting cable moves. it whipsaws stops like anything and then retraces the entire movement on the downside again. seems to me that this data is already sold to big boys by brokers.
  • #690,993
  • Sep 12, 2012 4:02am Sep 12, 2012 4:02am
Quoting Trader88q
long euro at 2900 and put 100% of your account in one trade.
be confident cause ECB, germany, and bernanke will do what ever it takes to make u profitable
so how big is your account? 1000 dollars plus.
  • #690,994
  • Sep 12, 2012 4:03am Sep 12, 2012 4:03am
Quoting Trader88q
long euro at 2900 and put 100% of your account in one trade.
be confident cause ECB, germany, and bernanke will do what ever it takes to make u profitable


I had this feeling that Bernanki will bring it down tomorrow
  • #690,995
  • Sep 12, 2012 4:03am Sep 12, 2012 4:03am
Quoting Nachiket
so how big is your account? 1000 dollars plus.
my? who told u that i will do so? i am saying to u to do so
  • #690,996
  • Sep 12, 2012 4:04am Sep 12, 2012 4:04am
comeon u didnt get my joke. of cause dont to that.
  • #690,997
  • Sep 12, 2012 4:16am Sep 12, 2012 4:16am
Quoting mohan76
and i have just found, yearly open @ 2938
yes let see how we react...
Patience, Emotion Control and Discipline.
  • #690,998
  • Sep 12, 2012 4:24am Sep 12, 2012 4:24am
Quoting hindustani
and the no tension rally continues ........
oh i am bored watching movies .........
  • #690,999
  • Sep 12, 2012 4:25am Sep 12, 2012 4:25am
I WANT 1,2815 !!!
  • #691,000
  • Sep 12, 2012 4:29am Sep 12, 2012 4:29am
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