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  • #717,041
  • Nov 12, 2012 7:09pm Nov 12, 2012 7:09pm
Quoting BobGnarly
Short at .2715

Tp .2695
Sl .2738

Seems to be drifting on the 15m
20 pips might go long here
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  • #717,042
  • Nov 12, 2012 7:19pm Nov 12, 2012 7:19pm
Quoting tashkent
I prefer simply following the price and the trend. Market does not care what you think or assume, what you find or invent. Price does not give an impression, it does what it has to.
That was sound advice.. He didn't invent anything.. Besides trendlines are subjective. Not only subjective based on who draws them, but on WHAT.. Here's an example of the "same" TL but taken on a tick chart.. Looks better, doesn't it?

edit: reason why I never use TLs...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
  • #717,043
  • Nov 12, 2012 7:27pm Nov 12, 2012 7:27pm
Possible Short term double bottom on hourly.

150% retracement up to 1.2764 if support at 1.2690 holds. Still early. Need the close of a couple bars before confirmation.
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  • #717,044
  • Nov 12, 2012 7:31pm Nov 12, 2012 7:31pm
Quoting attila
That was sound advice.. He didn't invent anything.. Besides trendlines are subjective. Not only subjective based on who draws them, but on WHAT.. Here's an example of the "same" TL but taken on a tick chart.. Looks better, doesn't it?
definitely. trading is not about being right all the time, making correct predictions, drawing beautiful lines. it is about keeping low leverage, taking high probability trade and cutting losses on time before it gets out of control.
traders who boast with 40-50 pip gain, especially if this noticeably increase their account, will end up losing most of their capital. they will learn their lesson one day, if can prolong till then.
As Above, So Below
  • #717,045
  • Nov 12, 2012 7:43pm Nov 12, 2012 7:43pm
Long Euro here @ 1.26988..
another one waiting @1.26938..
Long Distance Trades.. Great RR.. Risk 50 for 500..
Scale up & down on setups..
  • #717,046
  • Nov 12, 2012 7:48pm Nov 12, 2012 7:48pm
Long EURGBP here @.800000000
  • #717,047
  • Nov 12, 2012 7:54pm Nov 12, 2012 7:54pm
wow bulls coming under extreme "bear" pressure
If you are new to Forex? Say Goodbye to your account!!
  • #717,048
  • Edited 8:29pm Nov 12, 2012 8:02pm | Edited 8:29pm
Quoting cdndollar
Long Euro here @ 1.26988..
another one waiting @1.26938..
Long Distance Trades.. Great RR.. Risk 50 for 500..
Scale up & down on setups..
add @83.. piker trade.. risk 10 pips

long EURJPY @79.. piker trade.. risking 10 pips
  • #717,049
  • Nov 12, 2012 8:03pm Nov 12, 2012 8:03pm
what the h was that
  • #717,050
  • Nov 12, 2012 8:13pm Nov 12, 2012 8:13pm
This Train dont wanna stop here looks like it wants 2655, just kept me wake for the past two hrs, no long yet here
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #717,051
  • Nov 12, 2012 8:15pm Nov 12, 2012 8:15pm
Quoting d4amenace
Possible Short term double bottom on hourly.

150% retracement up to 1.2764 if support at 1.2690 holds. Still early. Need the close of a couple bars before confirmation.
Well....so much for that idea!
  • #717,052
  • Nov 12, 2012 8:16pm Nov 12, 2012 8:16pm
Quoting KiwiTrada
wow bulls coming under extreme "bear" pressure
may settle a bit, was nice plop tho. but swissy has tap nice rersistance 38fib from Julys fall.
If you are new to Forex? Say Goodbye to your account!!
  • #717,053
  • Nov 12, 2012 8:17pm Nov 12, 2012 8:17pm
Quoting d4amenace
Well....so much for that idea!
Not really "bear pressure" just lack of US involvement. I believe most will be singing the "bull" tune by US session open tuesday.

SPX fell quite a bit last week...bull run may be short term due to it being a trend relief turn but it will be notable none-the-less.
  • #717,054
  • Nov 12, 2012 8:23pm Nov 12, 2012 8:23pm
Quoting publicjud
what the h was that
Price just trying to complete the inverse H&S on the daily.
Time turns trend. - W.D. Gann
  • #717,055
  • Nov 12, 2012 8:23pm Nov 12, 2012 8:23pm
Quoting d4amenace
Not really "bear pressure" just lack of US involvement. I believe most will be singing the "bull" tune by US session open tuesday.

SPX fell quite a bit last week...bull run may be short term due to it being a trend relief turn but it will be notable none-the-less.
sorry but any time pa make new lows or highs or breaks any S&R can only happen by pressure bro, with couple big players on holiday we are in Asian session, anyone who not tracking asian prs during this session shouldnt be trading, not trading them just keep eyeball them, every move today has been preceded by yen

as for say eu bull is here, it is getting a bit scratched record, I agree him should be showing up around here ,but he hasnt, "yet" I would suggest to be patient and leave button alone until can see signs them awakening
If you are new to Forex? Say Goodbye to your account!!
  • #717,056
  • Nov 12, 2012 8:30pm Nov 12, 2012 8:30pm
Quoting cdndollar
add @83.. piker trade.. risk 10 pips

long EURJPY @79.. piker trade.. risking 10 pips
-10
long again @68.. piker.. risking 10 pips

long Cable @63.. long distance.. risking 50 for 500
  • #717,057
  • Nov 12, 2012 8:38pm Nov 12, 2012 8:38pm
Quoting KiwiTrada
sorry but any time pa make new lows or highs or breaks any S&R can only happen by pressure bro, with couple big players on holiday we are in Asian session, anyone who not tracking asian prs during this session shouldnt be trading, not trading them just keep eyeball them, every move today has been preceded by yen

as for say eu bull is here, it is getting a bit scratched record, I agree him should be showing up around here ,but he hasnt, "yet" I would suggest to be patient and leave button alone until can see signs them awakening
I disagree, asians effect has been negligible over past few months....Euro session and mostly US session has been the big mover for the Euro. Buyers can hold through asian sessions and movement potential dies quickly after the open.

If I had buys during an asian session and a good berth for movement, I would just hold until US. Of course, for scalpers this isn't an option, but if you have 50-75 pip stops you should be really good.

Asian session a big mover for yen, kiwis, and aussie, and to give an "idea" of trend direction. Too many times has the asian session pushed its "chest" out with EU backing it up to only have the US equities session put them both in their "place".

Leader of the free world....you betcha. US equities has more control over Euro strength than Europe has over Euro (except when countries get bailouts or ECB presidents speak).
  • #717,058
  • Nov 12, 2012 8:41pm Nov 12, 2012 8:41pm
Quoting cdndollar
-10
long again @68.. piker.. risking 10 pips

long Cable @63.. long distance.. risking 50 for 500
add euro long @82.. long distance keeper..
  • #717,059
  • Nov 12, 2012 8:41pm Nov 12, 2012 8:41pm
I trade based on reality of what I have seen first....then I through in a few technicals.

This is a nervous man's market...movement goes with emotions, technicals get to shine when no-one is looking. (i.e, fiscal cliff, Euro crisis, Greekocalypse)
  • #717,060
  • Nov 12, 2012 8:43pm Nov 12, 2012 8:43pm
Keep in mind this entire move with asian open and everything is only 35 pips....no strength there. This is usual drift for asian session, possibly see more during Euro session.

Game changer is if during Euro session you see outright blood-letting....then things get interesting.

Keep eyes focused on Euro futures and US futures now guys, these will give you the heads up you need!
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