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  • #721,301
  • Nov 23, 2012 7:21am Nov 23, 2012 7:21am
Quoting vlady1974
Done for the week. Spreadbet account bal up from £188 to £406

The only way I can see a safe trade south from this is a break in 2880. Then a bounce to 2894 or 2904 before the long-wanted levels of 2778.
Well played

Sent you a PM re the forex books
  • #721,302
  • Nov 23, 2012 7:28am Nov 23, 2012 7:28am
Quoting mohan76
Aussie, kiwi taking lead here , rest should follow or all should fall down
sorry bro didnt dee your post, yep she is driving into 82 going to be very interesting her reaction, risk aversion, mean geppy could fall hard, and k a may drive on through,
If you are new to Forex? Say Goodbye to your account!!
  • #721,303
  • Nov 23, 2012 7:32am Nov 23, 2012 7:32am
Quoting vlady1974
The only way I can see a safe trade south from this is a break in 2880. Then a bounce to 2894 or 2904 before the long-wanted levels of 2778.
Void. 36 is now in play.
That also voids 2881 for the moment. 2827 and 2840 are now.

Apart from the obvious S/R and visual scans, it's interesting to note the intervals. EU vibrates of 20 pips (19.5 to be exact) but lately or this year, it's been vibrating at a speed of 25 pips. 20 and 25 provide different multiples: ie. 20x2, 20x4, 25x2, 25x3, 25x4 which can be useful price projections.

2776 + 080 = 2856 last move from bottom
2776 + 100 = 2876 need I say more
2876 + 080 = 2956 target?
2876 + 100 = 2976 target?
2856 + 080 = 2936 target?
A pip is only worth it if you know how much you risked to earn it
  • #721,304
  • Nov 23, 2012 7:33am Nov 23, 2012 7:33am
damm got hit on my sell. don't know what the fuck is happening this week
  • #721,305
  • Nov 23, 2012 7:34am Nov 23, 2012 7:34am
Quoting Nachiket
damm got hit on my sell. don't know what the fuck is happening this week
aussie driving me mad as well
  • #721,306
  • Nov 23, 2012 7:34am Nov 23, 2012 7:34am
Quoting KiwiTrada
sorry bro didnt dee your post, yep she is driving into 82 going to be very interesting her reaction, risk aversion, mean geppy could fall hard, and k a may drive on through,
my luck better than yesterday , but still taking me be or i am closing it before big move
Mohan
  • #721,307
  • Nov 23, 2012 7:34am Nov 23, 2012 7:34am
Quoting KiwiTrada
sorry bro didnt dee your post, yep she is driving into 82 going to be very interesting her reaction, risk aversion, mean geppy could fall hard, and k a may drive on through,
this 82 weekly show historical resistance, 1hr show fuk inverted H&S but also recent resist, so tough one to call, I just enter 1 fill, have been wait all day her, china dat is help her, now will see if bears prepared to defend again
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Kiwi Weekly 24 11 2012.jpg Size: 60 KB
Click to Enlarge Name: Kiwi 1hr 24 11 2012.jpg Size: 64 KB
If you are new to Forex? Say Goodbye to your account!!
  • #721,308
  • Nov 23, 2012 7:35am Nov 23, 2012 7:35am
Quoting vlady1974
Void. 36 is now in play.
That also voids 2881 for the moment. 2827 and 2840 are now.

Apart from the obvious S/R and visual scans, it's interesting to note the intervals. EU vibrates of 20 pips (19.5 to be exact) but lately or this year, it's been vibrating at a speed of 25 pips. 20 and 25 provide different multiples: ie. 20x2, 20x4, 25x2, 25x3, 25x4 which can be useful price projections.

2776 + 080 = 2856 last move from bottom
2776 + 100 = 2876 need I say more
2876 + 080 = 2956 target?
2876 + 100 = 2976 target?
[b][color=red]2856...
i mean how far are those targets. just 16 and 36 pips away from cmp
  • #721,309
  • Nov 23, 2012 7:35am Nov 23, 2012 7:35am
Quoting KiwiTrada
this 82 weekly show historical resistance, 1hr show fuk inverted H&S but also recent resist, so tough one to call, I just enter 1 fill, have been wait all day her, china dat is help her, now will see if bears prepared to defend again
bears should have defended 10 and then 22 both failed.
  • #721,310
  • Nov 23, 2012 7:37am Nov 23, 2012 7:37am
aussie bull getting exhausted. may be an indication of risk off
  • #721,311
  • Nov 23, 2012 7:38am Nov 23, 2012 7:38am
sold 2922, now at be, this should be todays cap.
  • #721,312
  • Nov 23, 2012 7:40am Nov 23, 2012 7:40am
Quoting Nachiket
damm got hit on my sell. don't know what the fuck is happening this week
Dude, need to empty your mind. You're just trying to catch a ride but probably because you're suffering losses.
That's called revenge trading. You know it and I know it. I lost £160 in 3 hours doing that once.... not even big sizes... 0.5 and 1.0 lots at stop loss of 10 pips. That's roughly 10 losing trades in a row...each one I was rationalising that it's DEFINITELY going my way THIS TIME.

You've probably become enamoured by the thought of the fibs at 50% ie 2887, the whole number of 2900 or even trying to relate fundamentals (ie your opinion of EU) and how shite it is.... and thinking it MUST go short.

Attached is DAILY. From last week and early this week, it's formed a cup. We don't know about the handle yet.
Don't try to catch the turn. When it turns and confirms it will probably take 2 or 3 bounces. You remember the basics don't you? LL, LH .... if it breaks a LL then you can trade south IN CONFIDENCE. Better than being proved wrong by stop losses. I hate that feeling.

All the best bro. It's Fri. Chill. Relax. Get out of the market. Oh... and the best thing I ever did was start a Trading Diary.
Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #721,313
  • Nov 23, 2012 7:44am Nov 23, 2012 7:44am
short at 2920...not convinced anymore but with positive s/l already daily range still 50p, it can break out
  • #721,314
  • Nov 23, 2012 7:45am Nov 23, 2012 7:45am
Quoting KiwiTrada
hello peoples, anyone still trading this piece of crap ...
... well, I'm just having a final look at the charts and almost ready to call a day.
So, wish you all a great weekend and happy pips' hunting in next week.
  • #721,315
  • Nov 23, 2012 7:46am Nov 23, 2012 7:46am
Quoting keradk
short at 2920...not convinced anymore but with positive s/l already daily range still 50p, it can break out
Ask yourself, whether there is a reason for risk-aversion to kick in on a Friday with one eye on events taking place on Monday.
  • #721,316
  • Nov 23, 2012 7:47am Nov 23, 2012 7:47am
Quoting keradk
short at 2920...not convinced anymore but with positive s/l already daily range still 50p, it can break out
yeah...
  • #721,317
  • Nov 23, 2012 7:48am Nov 23, 2012 7:48am
Quoting Mr Hatch
Ask yourself, whether there is a reason for risk-aversion to kick in on a Friday with one eye on events taking place on Monday.
yes, good point. I'm scalping thats it
  • #721,318
  • Nov 23, 2012 7:48am Nov 23, 2012 7:48am
Quoting ainaedil
sold 2922, now at be, this should be todays cap.
How do you know this? The direction from 1M to 5M to 15M to 1H to 4H is up.
The "up" has been trending that way since 18 November on the 4H.... why would it want to cap at 22 on a Friday before Monday's big showdown?

From this angle, 56 is more likely. And if you're Short Biased.... wouldn't it be better to wait when there's a reason to short and grab 100+ pips or at least ride it down where momentum can allow you to miss the first bus but take the next bus?
Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #721,319
  • Nov 23, 2012 7:50am Nov 23, 2012 7:50am
Quoting keradk
yes, good point. I'm scalping thats it
Then you should consider keeping these trades to yourself and do your thing, instead of posting them. Some might take them as recommendation, which they surely are not.
  • #721,320
  • Nov 23, 2012 7:54am Nov 23, 2012 7:54am
Very nice RR here I sold at 1.2926 SL 1.2939 for a move lower going into the close or a Sunday grind lower to trap bears

Most likely this will be one of those test the water trades with a 5-10 tick SL before the move lower on Profit taking or surprise bad news
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