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  • #720,441
  • Nov 21, 2012 11:04am Nov 21, 2012 11:04am
Quoting AmberLynn
Closed position Have to run. I have been given an offer to make another "MOVIE" I will be sure to forward it to everyone here. Bye for now.
What planet is this guy on?
  • #720,442
  • Nov 21, 2012 11:05am Nov 21, 2012 11:05am
Quoting Nachiket
who is starring opposite you in the movie. Angie ? By Angie I mean Angela Merkel not Angelina Jolie
AmberLynn is a guy who used to be called StopGuessing on this forum.
"The market can remain irrational longer than you can remain solvent"
  • #720,443
  • Nov 21, 2012 11:06am Nov 21, 2012 11:06am
Quoting Jah
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.
Gator mentioned the clue before.... if you stretch an elastic band what happens when you release it?
What does price do when it hits extremes?

Been following Gator for 3 years now. Him and Cloggie have helped make me a better trader because of their macro perspective.
The moves they make come from larger time frames then zoom into smaller ones.

2880 / 29++ in newbie speak, is like the top of a cup-and-handle formation seen in daily. It's a bear move counter-trend.
If you're a short-time framer, this will be a bull run to you. Those who are calling for shorts now, have a valid argument... if your trade is only targeting 50 pip ranges. Gator was calling for 2880 with an entry for 26++ for the last 1-2 weeks. That's a 200+ pip move.

Think about it.
A pip is only worth it if you know how much you risked to earn it
  • #720,444
  • Nov 21, 2012 11:07am Nov 21, 2012 11:07am
Quoting AmberLynn
What is S.G.? What does "PERFECT ENGLISH" have to do with opening and closing positions for profit?
It has nothing to do with it.


Your amoungst friends here....don't worry about the past
  • #720,445
  • Nov 21, 2012 11:07am Nov 21, 2012 11:07am
Quoting FineNumbers
where do you trade crude?
from my desk via my computer
  • #720,446
  • Nov 21, 2012 11:09am Nov 21, 2012 11:09am
Looks more and more likely that we are getting second hanging man in a row (EURUSD daily).

It reminds we of fabolous sequence of hanging men in period of July 16th-19th, 2012. The sequence was: large fall, hanging men, large fall.

If the pattern is repeating, then we have so far: large fall, hanging men (in progress?), ?.
  • #720,447
  • Nov 21, 2012 11:11am Nov 21, 2012 11:11am
Quoting MaxDoom
from my desk via my computer
Do you use wireless or LAN? LOL
  • #720,448
  • Nov 21, 2012 11:16am Nov 21, 2012 11:16am
Quoting vlady1974
Gator mentioned the clue before.... if you stretch an elastic band what happens when you release it?
What does price do when it hits extremes?

Been following Gator for 3 years now. Him and Cloggie have helped make me a better trader because of their macro perspective.
The moves they make come from larger time frames then zoom into smaller ones.

2880 / 29++ in newbie speak, is like the top of a cup-and-handle formation seen in daily. It's a bear move counter-trend.
If you're a short-time framer, this will be a bull run to you. Those who are calling...
He works with half moves and minor adjustments based on PA..
  • #720,449
  • Nov 21, 2012 11:18am Nov 21, 2012 11:18am
Quoting FineNumbers
Do you use wireless or LAN? LOL


There are plenty of crude brokers, you can trade it on your retail MT platforms but you will find large spreads 10 points typical and their volumes will be low so the trades maybe slow to execute, especially if you are trying to exit in a fast move so the risks are greater with low volume brokers.

Shop around non-MT and you will find some like mine offer high volume, large sizes, and spreads of only 4 points no commissions which is very good.

BUT crude is a volatile beast driven by forward selling and buying of the worlds oil for future months supply by the oil companies and refineries so stops need to be large but the rewards are top...
  • #720,450
  • Nov 21, 2012 11:19am Nov 21, 2012 11:19am
Quoting attila
He works with half moves and minor adjustments based on PA..
Yeah, I know about the mids... awesome stuff. Oh and the mofus too
A pip is only worth it if you know how much you risked to earn it
  • #720,451
  • Nov 21, 2012 11:20am Nov 21, 2012 11:20am
Quoting MaxDoom


There are plenty of crude brokers, you can trade it on your retail MT platforms but you will find large spreads 10 points typical and their volumes will be low so the trades maybe slow to execute, especially if you are trying to exit in a fast move so the risks are greater with low volume brokers.

Shop around non-MT and you will find some like mine offer high volume, large sizes, and spreads of only 4 points no commissions which is very good.

BUT crude is a volatile beast driven by forward selling and buying of the worlds oil for future...
Thanks I will take a look at that
  • #720,452
  • Nov 21, 2012 11:23am Nov 21, 2012 11:23am
Quoting attila
He works with half moves and minor adjustments based on PA..
Actually, I've not been on FF for a decent stint... since last year I believe. But I recall good sirs like yourself. How goes it. Green pippage I hope.
Still looking for another reload signal for a long. Would love another drop to 1.2680ish, but we'll see.
A pip is only worth it if you know how much you risked to earn it
  • #720,453
  • Nov 21, 2012 11:23am Nov 21, 2012 11:23am
Quoting FineNumbers
Thanks I will take a look at that
okay - be careful though we are talking 40-100 point SL to avoid noise
  • #720,454
  • Nov 21, 2012 11:25am Nov 21, 2012 11:25am
Quoting MaxDoom
Taking half the crude off here

I scratched the EU trade as mentioned before -2

others currently:

AU +17
Crude +114
max,
how about going long on the AUDUSD??...i see your short with a long from 1.0355...SL 1.0310...
It is possible to make large sums trading, small losses, large wins
  • #720,455
  • Nov 21, 2012 11:26am Nov 21, 2012 11:26am
Quoting attila
Great work NY. Hearth of the world financial system my ass.
i will watch a movie
  • #720,456
  • Nov 21, 2012 11:27am Nov 21, 2012 11:27am
Quoting MaxDoom
okay - be careful though we are talking 40-100 point SL to avoid noise
Yeah, I am pretty cheap when it comes to stop losses..
  • #720,457
  • Nov 21, 2012 11:28am Nov 21, 2012 11:28am
Quoting vlady1974
Actually, I've not been on FF for a decent stint... since last year I believe. But I recall good sirs like yourself. How goes it. Green pippage I hope.
Still looking for another reload signal for a long. Would love another drop to 1.2680ish, but we'll see.

hi. it goes OK. thanks. still cursing at the NY session..lol.
  • #720,458
  • Nov 21, 2012 11:31am Nov 21, 2012 11:31am
short 24 tp 18
  • #720,459
  • Nov 21, 2012 11:32am Nov 21, 2012 11:32am
Dont be shy when producers ask for some specials!

Quoting AmberLynn
Closed position Have to run. I have been given an offer to make another "MOVIE" I will be sure to forward it to everyone here. Bye for now.
  • #720,460
  • Nov 21, 2012 11:44am Nov 21, 2012 11:44am
Quoting omadivi
max,
how about going long on the AUDUSD??...i see your short with a long from 1.0355...SL 1.0310...
ummm.... where to start it is one of those pairs where it is not just about money v money - because australlia is a commodity country so on that point commodities have rallied massively the last 3 years and are on the decline along with general demand.

if you look at the weekly chart you will see what I mean it is in a complex correction sequence

keeping it simple...

the daily chart shows it is correcting the move up 0.958x to 1.061x and has so far made 45% correction so whilst it could be done the PA is very over lapping which suggest correction is still occurring rather than complete and upside challenge on the way - have a look at chart

if you drop to the 1 or 4 hour chart I would favour that it is correcting the 1.014x to 1.048x swing up and targeting 1.025x initially see H4 attached

so I would be biased short and not taking the long myself
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