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  • #720,381
  • Nov 21, 2012 8:03am Nov 21, 2012 8:03am
Quoting gatorinla
its not a bull run.. its a bear run,, this move is bearish.. in a bear move there are bounces.. that's all we are doing.. a calculated bounce that happens more times then it does not. before we resume lower..
Thanks again for clarifying. Really just matching up what your are saying with my charts to gain a different perspective. Still very new to it all. Probably the million dollar question but how do you calculate the extent of the bounce? By prioritising certain prices? for example 2882.
  • #720,382
  • Nov 21, 2012 8:04am Nov 21, 2012 8:04am
Quoting attila
in 1 hour actually.. say hi to the algos with the juniors shitting their pants at the desk while the masters of the universe are at the cafeteria getting fatter.
Oh yeah
  • #720,383
  • Nov 21, 2012 8:05am Nov 21, 2012 8:05am
Quoting Magicmen
NY luch time starts in 5 min
thanksgiving, they thank the world of fools for for feeding america for free
  • #720,384
  • Nov 21, 2012 8:06am Nov 21, 2012 8:06am
...
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  • #720,385
  • Nov 21, 2012 8:06am Nov 21, 2012 8:06am
Quoting rsmith911
LOL Except that even with the slightest volatility (which is inherent) both orders will get stopped out and you'll lose SL 6 x 2 + two lots of spread.
Which is something we have yet to have seen today. It is a possibility, Yet something which isn't very likly to happen. Not to mention with the arbitrage form of wagering, you increase your lot size with every losing position. So if your first positions is 1% and you lose 6 points you would not of lost even .5% of your account value. Your odds of your winning position closing in profit INCREASES with every loss you experience.
  • #720,386
  • Nov 21, 2012 8:08am Nov 21, 2012 8:08am
Would like to see a spike towards 2840 and a possible short from there.
Will consider based on PA and divergence setup if and when...


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  • #720,387
  • Nov 21, 2012 8:10am Nov 21, 2012 8:10am
Quoting AmberLynn
Which is something we have yet to have seen today. It is a possibility, Yet something which isn't very likly to happen. Not to mention with the arbitrage form of wagering, you increase your lot size with every losing position. So if your first positions is 1% and you lose 6 points you would not of lost even .5% of your account value. Your odds of your winning position closing in profit INCREASES with every loss you experience.
Now pending BUY is activated, Pending sell set to 1.28155 This is the beauty of scalping. You will eventually catch the big push, And with the increasing lot sizes with a small sl, the profit will cover your losses atleast 4x over with every 3 point profit.
  • #720,388
  • Nov 21, 2012 8:11am Nov 21, 2012 8:11am
Quoting AmberLynn
Now pending BUY is activated, Pending sell set to 1.28155 This is the beauty of scalping. You will eventually catch the big push, And with the increasing lot sizes with a small sl, the profit will cover your losses atleast 4x over with every 3 point profit.
Resistance for the buy is 1.28255 and 1.28305 We break that and we should be dancing with GOD in heaven. I am holding this buy position until I tp OR when the pending sell is activated.
  • #720,389
  • Nov 21, 2012 8:12am Nov 21, 2012 8:12am
Quoting meromar
long 18 tp 28
closed 20 to slow move
short 22 tp 13
  • #720,390
  • Nov 21, 2012 8:13am Nov 21, 2012 8:13am
Quoting AmberLynn
Resistance for the buy is 1.28255 and 1.28305 We break that and we should be dancing with GOD in heaven. I am holding this buy position until I tp OR when the pending sell is activated.
interesting , you are trading that it breaks out of range.
  • #720,391
  • Nov 21, 2012 8:15am Nov 21, 2012 8:15am
I admire bulls' persistence. Still the idea behind it looks demented to me
  • #720,392
  • Nov 21, 2012 8:15am Nov 21, 2012 8:15am
Quoting AmberLynn
Resistance for the buy is 1.28255 and 1.28305 We break that and we should be dancing with GOD in heaven. I am holding this buy position until I tp OR when the pending sell is activated.
Ok now we are at the first resistance.... If we close over it then this long is a very good one.
  • #720,393
  • Nov 21, 2012 8:15am Nov 21, 2012 8:15am
Quoting AmberLynn
Ok now we are at the first resistance.... If we close over it then this long is a very good one.
Great we have closed over it.... Here we go!
  • #720,394
  • Nov 21, 2012 8:16am Nov 21, 2012 8:16am
Quoting AmberLynn
Great we have closed over it.... Here we go!
With gain of 4 points on the current position, you have already covered the first three losses, and your utterly far away from your stop loss.... This is trading like Mr. Roboto.
  • #720,395
  • Nov 21, 2012 8:18am Nov 21, 2012 8:18am
Quoting AmberLynn
Resistance for the buy is 1.28255 and 1.28305 We break that and we should be dancing with GOD in heaven. I am holding this buy position until I tp OR when the pending sell is activated.
1 hand clap
  • #720,396
  • Nov 21, 2012 8:18am Nov 21, 2012 8:18am
Quoting AmberLynn
With gain of 4 points on the current position, you have already covered the first three losses, and your utterly far away from your stop loss.... This is trading like Mr. Roboto.
We've now closed back under the first resistance, so a small short would be smart, but a cross of that same resistance will result in a strong move up. I'm still long.
  • #720,397
  • Nov 21, 2012 8:20am Nov 21, 2012 8:20am
Quoting meromar
closed 20 to slow move
short 22 tp 13
so it goes
  • #720,398
  • Nov 21, 2012 8:21am Nov 21, 2012 8:21am
Quoting AmberLynn
We've now closed back under the first resistance, so a small short would be smart, but a cross of that same resistance will result in a strong move up. I'm still long.
Here we gooooo. Recross of the aforementioned resistance. We closed over it... Fireworks now!
  • #720,399
  • Nov 21, 2012 8:22am Nov 21, 2012 8:22am
Quoting AmberLynn
Here we gooooo. Recross of the aforementioned resistance. We closed over it... Fireworks now!
My pending sell is now moved up 1.2819 is now my pending sell, and the stop loss for my open buy, so worse case I will lose more then 2 points on the buy.... Here we goooooooooooo
  • #720,400
  • Nov 21, 2012 8:23am Nov 21, 2012 8:23am
Quoting AmberLynn
My pending sell is now moved up 1.2819 is now my pending sell, and the stop loss for my open buy, so worse case I will lose more then 2 points on the buy.... Here we goooooooooooo
This candle on the 1m chart is very important. If it closes over 1.2823 on the bid then buy is still in order. If it closes under, then its a short, and you set a pending buy above the 1.2825 high!
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