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  • #725,721
  • Nov 30, 2012 11:23am Nov 30, 2012 11:23am
That's Obama out the way no market moving comments there
rat
  • #725,722
  • Nov 30, 2012 11:25am Nov 30, 2012 11:25am
Quoting attila
the price moves let's say down like this morning.. little by little up down and then more down.. this is normal.. eye the support because that's where it's going.. What I'm always looking for is an acceleration of the move into support. The faster the better.. And then it stops dead. That's what I want.. Then that pips should be retested at least once.. Then you take your chances.. If you want a little more safety you can wait for some reversal candles on m1 or m5.. That's pretty much it.

Thanks for the tips attila, good stuff.
  • #725,723
  • Nov 30, 2012 11:26am Nov 30, 2012 11:26am
I feel like someone's trying to pull my teeth with tweezers... Effin get on with it!
  • #725,724
  • Nov 30, 2012 11:28am Nov 30, 2012 11:28am
JB's turn to phuck it up shortly..pos
those who can, do. those who cant, talk about those who can
  • #725,725
  • Nov 30, 2012 11:33am Nov 30, 2012 11:33am
Quoting Sutts
Thanks for the tips attila, good stuff.
Acceleration of the move compared with what was immediately before and a dead stop like it hit a wall is key to this technique. Why does it work? I don't know.. I'm not that smart..

edit: The twist however is you don't take this set up if it consolidated right above support because then the fast move might be part of cracking it and it'll continue.. The acceleration has to happen starting at a fair distance.. That's another thing I'm looking at when it comes to break outs.. It has to consolidate right near the point it wants to break.. It may or may not fail, but I'm not taking that scenario.
  • #725,726
  • Nov 30, 2012 11:37am Nov 30, 2012 11:37am
Quoting gatorinla
JB's turn to phuck it up shortly..pos
some reason i feel he going to bullish today closed all trade and waiting to hit sell button if any hash statement
Mohan
  • #725,727
  • Nov 30, 2012 11:40am Nov 30, 2012 11:40am
Quoting Luis Carlos
I think the moment of truth support .38 fib level . If euro cant break todays high 1.293 and 1.288 could be retested. If we break up easy 1.31
hi luis how are you nice to see you in eur thread and im watching the level it will close but mainly how may be down to 1.298 then up the way it will go up from there will give us the clue
  • #725,728
  • Nov 30, 2012 11:47am Nov 30, 2012 11:47am
Quoting attila
Acceleration of the move compared with what was immediately before and a dead stop like it hit a wall is key to this technique. Why does it work? I don't know.. I'm not that smart..

edit: The twist however is you don't take this set up if it consolidated right above support because then the fast move might be part of cracking it and it'll continue.. The acceleration has to happen starting at a fair distance.. That's another thing I'm looking at when it comes to break outs.. It has to consolidate right near the point it wants to break.. It may...

Thanks again Attila, very useful. Will try a few demo entries in the coming days.
  • #725,729
  • Nov 30, 2012 11:49am Nov 30, 2012 11:49am
Quoting gatorinla
JB's turn to phuck it up shortly..pos
speaking now
those who can, do. those who cant, talk about those who can
  • #725,730
  • Nov 30, 2012 11:51am Nov 30, 2012 11:51am
Quoting nawafasad1
hi luis how are you nice to see you in eur thread and im watching the level it will close but mainly how may be down to 1.298 then up the way it will go up from there will give us the clue
Hi man nice to know about you. we ended five waves up we need to correct or a five wave extension that is all about it
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #725,731
  • Nov 30, 2012 11:55am Nov 30, 2012 11:55am
Buy 1.30
tp 1.3040
sl 1.2960
  • #725,732
  • Nov 30, 2012 11:55am Nov 30, 2012 11:55am
Quoting mohan76
some reason i feel he going to bullish today closed all trade and waiting to hit sell button if any hash statement
still talking through both sides of his mouth.. he wants some loopholes closed. if your your loophole closed. is that not a tax increase to you? blowing smoke up peoples ass.. so he can say its was not a tax increase.
those who can, do. those who cant, talk about those who can
  • #725,733
  • Nov 30, 2012 11:57am Nov 30, 2012 11:57am
Quoting Sutts
Thanks again Attila, very useful. Will try a few demo entries in the coming days.
maybe not the same but similar thing just happened at 95. i was waiting for price to hit it for more than an hour. when price moved so fast to 95 it was just confirmation for me to enter. sl just 2 pips
  • #725,734
  • Nov 30, 2012 12:03pm Nov 30, 2012 12:03pm
I was looking at 94. It stopped at 95.5. Lets' see if that means anything..
  • #725,735
  • Nov 30, 2012 12:05pm Nov 30, 2012 12:05pm
Quoting shmandi
maybe not the same but similar thing just happened at 95. i was waiting for price to hit it for more than an hour. when price moved so fast to 95 it was just confirmation for me to enter. sl just 2 pips
good catch. now let's see if it succeeds or not..

nice part about it, you know exactly where to get out.. at 93-94..
  • #725,736
  • Nov 30, 2012 12:07pm Nov 30, 2012 12:07pm
Quoting attila
I was looking at 94. It stopped at 95.5. Lets' see if that means anything..
i can see some interest on hourly to close above 1.30 , may some one want daily to close above it , time for bed my kids going to wake up soon
Mohan
  • #725,737
  • Nov 30, 2012 12:07pm Nov 30, 2012 12:07pm
Quoting shmandi
maybe not the same but similar thing just happened at 95. i was waiting for price to hit it for more than an hour. when price moved so fast to 95 it was just confirmation for me to enter. sl just 2 pips

Thanks shmandi, I did see that and wish it hadn't bounced as I've got some shorts that are going nowhere!

This one is slightly different as attila was saying he doesn't like to see consolidation just above the level - bit more of a drop to it.

Good luck with the trade. I feel like the NY bastards are getting ready to stuff me!

Cheers
  • #725,738
  • Nov 30, 2012 12:10pm Nov 30, 2012 12:10pm
SL is the finger on the button.

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  • #725,739
  • Nov 30, 2012 12:13pm Nov 30, 2012 12:13pm
Quoting attila
good catch. now let's see if it succeeds or not..

nice part about it, you know exactly where to get out.. at 93-94..
for me it succeeded. will take sometimes 5-10 pips or let it run for longer. depends on conditions,time...
enough for now. see you all next week
weather forecast is snow for weekend
  • #725,740
  • Nov 30, 2012 12:13pm Nov 30, 2012 12:13pm
Quoting attila
SL is the finger on the button.

Attachment
out.. grabbed a pip I think.. Bounce was enough to give me time to gtfo.. then you can re-enter later... anyway, it's Friday so I don't expect much.
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