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Trading EURUSD only

  • #16,381
  • Nov 21, 2012 10:47am Nov 21, 2012 10:47am
Quoting stevewalker
sorry but
older one
Fair.....
  • #16,382
  • Nov 21, 2012 10:48am Nov 21, 2012 10:48am
Quoting stevewalker
sorry but
older one
the older they are
the wiser they are
You see, but you do not observe. The distinction is clear
  • #16,383
  • Nov 21, 2012 10:49am Nov 21, 2012 10:49am
does US push it up > 2830 before holiday
Quoting stevewalker
tomorrow US holiday
  • #16,384
  • Nov 21, 2012 10:50am Nov 21, 2012 10:50am
bullish pennant?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 44 KB
  • #16,385
  • Nov 21, 2012 10:50am Nov 21, 2012 10:50am
Quoting stevewalker
Hi CheG
what is your outlook?
Hello stevewalker and everyone!

I can see two patterns very similar to something called a pole, which may mean that bears tried twice to drag it down but failed. On top of that the price bounced off one of the previous trend lines (grey circle) at around an important level 1.2730. It is even building higher highs as far as I can tell. With 1.2840 still looming (and looming very close, by the way) I am, Heaven forfend, 'slightly' bullish here.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 60 KB


Any thoughts would be appreciated.

Thanks.
  • #16,386
  • Nov 21, 2012 10:51am Nov 21, 2012 10:51am
yes
actually 4x is the most experienced trader here

Quoting budii
the older they are
the wiser they are
  • #16,387
  • Nov 21, 2012 10:51am Nov 21, 2012 10:51am
Quoting budii
so according this tool SH move only until 2796
IF shorting I would not do it less than 2796 with the amount of units perscribed.

What if the indos say short and the price is less than 1.2796? I stand down because I have another short at 1.2766. Putting a bunch of positions near each other is a recipe for disaster.

My charts tell me if I am to go short or long. The indos tell me when. The software tells me how much and how close to my next position (if any).
Trade smaller than rational because the market is irrational...
  • #16,388
  • Nov 21, 2012 10:52am Nov 21, 2012 10:52am
TY
super

Quoting CheG
Hello stevewalker and everyone!

I can see two patterns very similar to something called a pole, which may mean that bears tried twice to drag it down but failed. On top of that the price bounced off one of the previous trend lines (grey circle) at around an important level 1.2730. It is even building higher highs as far as I can tell. With 1.2840 still looming (and looming very close, by the way) I am, Heaven forfend, 'slightly' bullish here.

Attachment

Any thoughts would be appreciated.

Thanks....
  • #16,389
  • Nov 21, 2012 10:52am Nov 21, 2012 10:52am
Quoting stevewalker
yes
actually 4x is the most experienced trader here
I do not know about that....

Let's see....I am taking this short scalp......
  • #16,390
  • Nov 21, 2012 10:52am Nov 21, 2012 10:52am
&
yes
it it breaks 2830 UP we are bull

Quoting CheG
Hello stevewalker and everyone!

I can see two patterns very similar to something called a pole, which may mean that bears tried twice to drag it down but failed. On top of that the price bounced off one of the previous trend lines (grey circle) at around an important level 1.2730. It is even building higher highs as far as I can tell. With 1.2840 still looming (and looming very close, by the way) I am, Heaven forfend, 'slightly' bullish here.

Attachment

Any thoughts would be appreciated.

Thanks....
  • #16,391
  • Nov 21, 2012 10:54am Nov 21, 2012 10:54am
Quoting tigerpip
bullish pennant?
It is right now. Just warn you that the "breakout-to-downside" does not mean it's bearish then.It could turn into FLAG formation with Lower low. and lower high
  • #16,392
  • Nov 21, 2012 10:54am Nov 21, 2012 10:54am
Quoting EuroTraderJD
IF shorting I would not do it less than 2796 with the amount of units perscribed.

What if the indos say short and the price is less than 1.2796? I stand down because I have another short at 1.2766. Putting a bunch of positions near each other is a recipe for disaster.

My charts tell me if I am to go short or long. The indos tell me when. The software tells me how much and how close to my next position (if any).
Whats my chances to short at 2796 in the next 30 min?

18% and growing so I may be interested if all else is kosher.
Attached Image (click to enlarge)
Click to Enlarge Name: pic73.jpg Size: 167 KB
Trade smaller than rational because the market is irrational...
  • #16,393
  • Nov 21, 2012 10:55am Nov 21, 2012 10:55am
Quoting stevewalker
yes
actually 4x is the most experienced trader here
TY, but I think I am not alone.....

This tread is SPECIAL....
  • #16,394
  • Nov 21, 2012 10:55am Nov 21, 2012 10:55am
Quoting stevewalker
&
yes
it it breaks 2830 UP we are bull
Thanks!
  • #16,395
  • Nov 21, 2012 10:56am Nov 21, 2012 10:56am
Quoting EuroTraderJD
IF shorting I would not do it less than 2796 with the amount of units perscribed.

What if the indos say short and the price is less than 1.2796? I stand down because I have another short at 1.2766. Putting a bunch of positions near each other is a recipe for disaster.

My charts tell me if I am to go short or long. The indos tell me when. The software tells me how much and how close to my next position (if any).
and with all that marvelous tool someone still can FL
trading is so difficult
You see, but you do not observe. The distinction is clear
  • #16,396
  • Nov 21, 2012 10:57am Nov 21, 2012 10:57am

Quoting 4xPIPAHOLIC
TY, but I think I am not alone.....

This tread is SPECIAL....
  • #16,397
  • Nov 21, 2012 10:58am Nov 21, 2012 10:58am
it is resisting to go down
2815 is holding well ATM
  • #16,398
  • Nov 21, 2012 11:01am Nov 21, 2012 11:01am
LG @ 2815
NS
  • #16,399
  • Nov 21, 2012 11:01am Nov 21, 2012 11:01am
Quoting CheG
Hello stevewalker and everyone!

I can see two patterns very similar to something called a pole, which may mean that bears tried twice to drag it down but failed. On top of that the price bounced off one of the previous trend lines (grey circle) at around an important level 1.2730. It is even building higher highs as far as I can tell. With 1.2840 still looming (and looming very close, by the way) I am, Heaven forfend, 'slightly' bullish here.

Attachment

Any thoughts would be appreciated.

Thanks....
Agree with your analysis. I'm long from 2806, my only concern is to take profit at the 40's where there's major resistance... only to see it BO above that resistance level.. not sure, but quite possible.. but like Steve wisely said, "don't leave trade at MKT mercy"
  • #16,400
  • Nov 21, 2012 11:03am Nov 21, 2012 11:03am
exit SH +7
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