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  • #722,581
  • Nov 26, 2012 5:18pm Nov 26, 2012 5:18pm
Quoting kenfen69
Good point! Certainly touched once.
I am going with it.. if it pulls back to the upper tl.. guestimate its good for 100 pips north.
  • #722,582
  • Nov 26, 2012 5:18pm Nov 26, 2012 5:18pm
Quoting pkimnyc
enjoy the party.
Looks like a lemon party.
Not all sins are created equal
  • #722,583
  • Nov 26, 2012 5:19pm Nov 26, 2012 5:19pm
the ea going to 2506 makes the aud 100 pips weaker then the euro.. so the euro may rise (or stronger) more verse the usd as the aud goes lower.. if correct the aud is the better short verse usd. comparing to the euro.
those who can, do. those who cant, talk about those who can
  • #722,584
  • Nov 26, 2012 5:20pm Nov 26, 2012 5:20pm
Quoting Big1red9
I am going with it.. if it pulls back to the upper tl.. guestimate its good for 100 pips north.
What makes you think that?
  • #722,585
  • Nov 26, 2012 5:22pm Nov 26, 2012 5:22pm
only took 13 hours for it to break, I heard someone saying it was like pulling teeth? eh ?
Quoting hkkhanus
?????

that's what i see

EDIT : Plus its bouncing off DTEMA (pink line) so I would be extra careful with that bastard
Attached Image (click to enlarge)
Click to Enlarge Name: Aussie 26-2 Nov 2012.png Size: 30 KB
  • #722,586
  • Nov 26, 2012 5:22pm Nov 26, 2012 5:22pm
Quoting hkkhanus


I hear you got some off yourself up there, where you play for?
Look Sharp/Trade Tight
  • #722,587
  • Nov 26, 2012 5:23pm Nov 26, 2012 5:23pm
Quoting Kanzler
You should always have some sort of hard-stop loss in case of a random news event. Especially people playing with larger sums of cash, but they've probably already learned that lesson.
I think stop loss is misunderstood sometime, but it is what it is, SL "Stop from Losing anymore, or set a fixed risk" reality you already losing if sl is hit,
some people seem think sl is your enemy, when in reality it keep getting hit for lots other reasons, too small, bad trade plan blah blah, understood and used well is your best friend

pa presently I know alot bulls waiting for confirmation of further rally, good news blah blah, but some timeframes, that spike has reversed bull flags to bearflags
If you are new to Forex? Say Goodbye to your account!!
  • #722,588
  • Nov 26, 2012 5:25pm Nov 26, 2012 5:25pm
Quoting Jay Walker
Looks like a lemon party.
yep it sure was. can't take out the previous high. i'll take a peek in london or ny to see if they might reverse or not.
until then... it's pretty much bs.
  • #722,589
  • Nov 26, 2012 5:25pm Nov 26, 2012 5:25pm
Quoting gatorinla
looks like a hangman on the h to me.
I'm more interested in the possible daily spinner on the cripple here..
  • #722,590
  • Nov 26, 2012 5:27pm Nov 26, 2012 5:27pm
Quoting Kanzler
What makes you think that?
This may help....

http://www.incrediblecharts.com/tech...and_wedges.php
  • #722,591
  • Nov 26, 2012 5:27pm Nov 26, 2012 5:27pm
Quoting KiwiTrada
I think stop loss is misunderstood sometime, but it is what it is, SL "Stop from Losing anymore, or set a fixed risk" reality you already losing if sl is hit,
some people seem think sl is your enemy, when in reality it keep getting hit for lots other reasons, too small, bad trade plan blah blah, understood and used well is your best friend

pa presently I know alot bulls waiting for confirmation of further rally, good news blah blah, but some timeframes, that spike has reversed bull flags to bearflags
golded words every trader should read it daily (including my self)
Mohan
  • #722,592
  • Nov 26, 2012 5:33pm Nov 26, 2012 5:33pm
Quoting gatorinla
the ea going to 2506 makes the aud 100 pips weaker then the euro.. so the euro may rise (or stronger) more verse the usd as the aud goes lower.. if correct the aud is the better short verse usd. comparing to the euro.
the aud has a set up for 1.001 its not valid atm.. but the one for 0.9788 is..
those who can, do. those who cant, talk about those who can
  • #722,593
  • Nov 26, 2012 5:34pm Nov 26, 2012 5:34pm
what I would like to target is a long way down brother,
but as I know myself I will close it way before it gets there,
its based on Weekly chart, and good for initially 750+ pips and a bit longer about 1500+

but hey we both know that i cant hold a trade more than a few days and we are talking months here LOL


Quoting PayTheLimit


I hear you got some off yourself up there, where you play for?
Attached Image (click to enlarge)
Click to Enlarge Name: EU 26 Nov 2012.png Size: 51 KB
  • #722,594
  • Nov 26, 2012 5:36pm Nov 26, 2012 5:36pm
Quoting attila
I'm more interested in the possible daily spinner on the cripple here..
look hard at .97xx all we need is weakness..
those who can, do. those who cant, talk about those who can
  • #722,595
  • Nov 26, 2012 5:36pm Nov 26, 2012 5:36pm
Quoting KiwiTrada
I think stop loss is misunderstood sometime, but it is what it is, SL "Stop from Losing anymore, or set a fixed risk" reality you already losing if sl is hit,
some people seem think sl is your enemy, when in reality it keep getting hit for lots other reasons, too small, bad trade plan blah blah, understood and used well is your best friend

pa presently I know alot bulls waiting for confirmation of further rally, good news blah blah, but some timeframes, that spike has reversed bull flags to bearflags
I see them as a good way of regulating my emotions as well as calculating exact risk. I get the chance to plan the trade ahead of time and choose a location I know my premise was invalidated at. As a result, there's no room for me to fidget with it when price is approaching with my head filled with fear clouding judgment.

Quoting Big1red9
This may help....

http://www.incrediblecharts.com/tech...and_wedges.php
Candlestick patterns are nice but no magic pattern is going to ignore support and resistance levels, especially strong ones.
  • #722,596
  • Nov 26, 2012 5:40pm Nov 26, 2012 5:40pm
Quoting mohan76
golded words every trader should read it daily (including my self)
you watching geppy bro
If you are new to Forex? Say Goodbye to your account!!
  • #722,597
  • Nov 26, 2012 5:40pm Nov 26, 2012 5:40pm
Quoting gatorinla
the aud has a set up for 1.001 its not valid atm.. but the one for 0.9788 is..
so is the one for euro 2432 and the gbp 5651
those who can, do. those who cant, talk about those who can
  • #722,598
  • Nov 26, 2012 5:42pm Nov 26, 2012 5:42pm
Quoting KiwiTrada
you watching geppy bro
yea $yen broke big level but no big trade before eu meeting ends + 30 mins
Mohan
  • #722,599
  • Nov 26, 2012 5:43pm Nov 26, 2012 5:43pm
Quoting hkkhanus
what I would like to target is a long way down brother,
but as I know myself I will close it way before it gets there,
its based on Weekly chart, and good for initially 750+ pips and a bit longer about 1500+

but hey we both know that i cant hold a trade more than a few days and we are talking months here LOL
wow, your not playing around mate, I would like to see a close this hour below 2970, at any rate, good luck mate...
Look Sharp/Trade Tight
  • #722,600
  • Nov 26, 2012 5:43pm Nov 26, 2012 5:43pm
L 1.2970
Quoting Big1red9
I am going with it.. if it pulls back to the upper tl.. guestimate its good for 100 pips north.
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