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  • #726,601
  • Dec 3, 2012 9:22am Dec 3, 2012 9:22am
Quoting FX Wolf
hi mathew

technically its a supply zone and short zone but this time i just want to let it run against my will as from inside my heart and mind i want to short and its very difficult that i am keeping my longings, just wanna see can i crush my emotions and go against it?

yes but there is a lot of emotional fight inside me to counter with

my cable long is also well against my emotions, i just dont want to be bull or bear as my mentor mentored me to be
howling wolf calling for bull/bear blood and meat

Mate...!!!! No matter how good trader you are, there is still a female inside you emotions... feelings... Lolll.

Fine, I am just trying to understand the situation here mate, it has been a long run trying to catch "the perfect short" shot and I am probably mentally tired running after it.I must say, I am not biased at all and if the trend has changed will accept it and act accordingly. However, in the very short run this area seems to be the area to take the shot. I wondered how it is perceived by good traders such as yourself. My Queen is climbing the stairs as I see and 1.6140 is just around the corner. great call I must admit...!!!

I am holding for the moment and will see what PA does if we do see 1.3100s today/tomorrow. still worth a shot tough but anyway...!

PS: Your mentor did a great job on ya...! Bravo!
  • #726,602
  • Dec 3, 2012 9:26am Dec 3, 2012 9:26am
Quoting Cuso
Yeh, wrong once by shorting against the trend like a idiot, and 1 X a bad exit. All told only +31 for a pair that moved about 60 pips since I've been awake this morning.

Oh well, it's better than getting hit in the head with a rock.
Du bist nicht allein...! Seriously, the market has been pretty tough lately, we should just try to do things better on our next trade. Let me know if you need any medical supplies...
  • #726,603
  • Dec 3, 2012 9:27am Dec 3, 2012 9:27am
Quoting fxnav
I have been looking at this number all day, posted it this morning. Need the 5 to top out on this bounce here with a nice reversal pattern and I will change my bias for the day. I got loads of patience and plenty of time, not going to jump the gun here.
Thatis exactly what I am after. A move above the 1.3080s and a nice, handsome reversal bar... Ahhh I should stop dreaming maybe...
  • #726,604
  • Dec 3, 2012 9:27am Dec 3, 2012 9:27am
Quoting gatorinla
close the h -3031 or 32+..lets c. for bias
closed +32
those who can, do. those who cant, talk about those who can
  • #726,605
  • Dec 3, 2012 9:28am Dec 3, 2012 9:28am
Quoting math_GB
Thatis exactly what I am after. A move above the 1.3080s and a nice, handsome reversal bar... Ahhh I should stop dreaming maybe...

The 5 is not going to get us over 3080, I am looking at a confirmed reversal right here at my 3064 from this morning.
The great majority are rarely capable of thinking independently.
  • #726,606
  • Dec 3, 2012 9:30am Dec 3, 2012 9:30am
Quoting 1candlepower
what do you think will keep .eu from rising that would cause you to go short today?

it may fall (sometime), but why go short today?
True it may fall sometime but u can never time the market, well now why do I think it is going to fall or not rise beyond previous high,
1. Dollar strength, it is imperative the fisical Cliff of US has to be contained and measures will be taken sooner or latter, spending cuts, QE program will be put on hold or no further qe would be initiated.
2. Against market expectation that request for baillout by Spain would boost the EU I believe fundamentally it would weaken the Euro as more Euro should be printed to assist the bailout.
3. Declining GDP's of EU is a good measure to see the amount of stress in the Economies = weakness for Euro
4. Current rally is speculative and Liquidity driven, there isnt strong fundamental reason for further appreciation of EU
5. Technically if the previous high of 1.31387 is not taken out or if the pair gets rejected from 1.3169, the pair is heading for a deeper correction and this time it would be resumption of the bear market and end of the rally.

I guess these are enough reasons though there are many more which have lead me to my decision. Cheers!!!
  • #726,607
  • Dec 3, 2012 9:34am Dec 3, 2012 9:34am
Oh and am still holding the Usd/JPY long from 78.2 and USD/CAD long rfrom .9928 and Eur/GBP short from .8150
  • #726,608
  • Dec 3, 2012 9:35am Dec 3, 2012 9:35am
Quoting fxnav
The 5 is not going to get us over 3080, I am looking at a confirmed reversal right here at my 3064 from this morning.
I would stay away from shorts now unless it goes below 1.3030 and better 1.3019 soon.
  • #726,609
  • Dec 3, 2012 9:36am Dec 3, 2012 9:36am
Quoting math_GB
I would stay away from shorts now unless it goes below 1.3030 and better 1.3019 soon.

Too late....
The great majority are rarely capable of thinking independently.
  • #726,610
  • Dec 3, 2012 9:38am Dec 3, 2012 9:38am
Quoting fxnav
Too late....
Don't be too greedy...! If it is a perfect short, it means a few hundred pips, I ould be more than happy to catch half of it...
  • #726,611
  • Dec 3, 2012 9:39am Dec 3, 2012 9:39am
Quoting math_GB
Don't be too greedy...! If it is a perfect short, it means a few hundred pips, I ould be more than happy to catch half of it...

I am a trader, I am greed personified.
The great majority are rarely capable of thinking independently.
  • #726,612
  • Dec 3, 2012 9:45am Dec 3, 2012 9:45am
63/65 is what really matters for continuation upside.

Looks like some wants to give an impression and close 15min below those just for the dip.

Cant really long and short pair right now because of possible sudden news.
They think they are smarter than I am.
  • #726,613
  • Dec 3, 2012 9:45am Dec 3, 2012 9:45am
Quoting gatorinla
conflicting for me.. 3083 was indicated a st target with the hh.. and it may be just a piece to 3140..
either way its conflicting. we had a gartly up to 3043... and with the targets for 3083 and 3140 a retrace to the ones posted earlier at some point is norm. i did take a very tiny short. because of the gartly the ea finally hit 2506 then some.
there was a minor for 3074 the other leg of 83, on the above post is 80/81 minor mid on another platform.
3090 was the one above 2987 using another pa weeks ago. the mid between 3172 and 2987 is about 3081/82... tl at 3090 ish..
a 16 pip tight area of interest.
those who can, do. those who cant, talk about those who can
  • #726,614
  • Dec 3, 2012 9:46am Dec 3, 2012 9:46am
Quoting math_GB
Du bist nicht allein...! Seriously, the market has been pretty tough lately, we should just try to do things better on our next trade. Let me know if you need any medical supplies...
Did you Edit one of your post which had a sentence "Yeah im that guy?"... interesting !!I am with PayTheLimit on this one
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #726,615
  • Dec 3, 2012 9:48am Dec 3, 2012 9:48am
Quoting gatorinla
closed +32
i worded this wrong.. the close was above 3032.. it has acted as support since.
those who can, do. those who cant, talk about those who can
  • #726,616
  • Dec 3, 2012 9:50am Dec 3, 2012 9:50am
Quoting Avir
Did you Edit one of your post which had a sentence "Yeah im that guy?"... interesting !!I am with PayTheLimit on this one
Yeah, during afternoon session, got lucky with a pending sell @1.3070 and wanted to build up it reached there quickly. All closed @ 1.3050s tough so I am no longer that guy anymore. Also pretty tired so better off helping around for the dinner You allright???
  • #726,617
  • Dec 3, 2012 9:52am Dec 3, 2012 9:52am
Quoting math_GB
Yeah, during afternoon session, got lucky with a pending sell @1.3070 and wanted to build up it reached there quickly. All closed @ 1.3050s tough so I am no longer that guy anymore. Also pretty tired so better off helping around for the dinner You allright???
Good man, Tnx, been a busy day at work but waiting for a pending s to hit at 80. but shorted at 73. happy to see you
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #726,618
  • Dec 3, 2012 9:54am Dec 3, 2012 9:54am
Quoting B_Prasad
True it may fall sometime but u can never time the market, well now why do I think it is going to fall or not rise beyond previous high,
1. Dollar strength, it is imperative the fisical Cliff of US has to be contained and measures will be taken sooner or latter, spending cuts, QE program will be put on hold or no further qe would be initiated.
2. Against market expectation that request for baillout by Spain would boost the EU I believe fundamentally it would weaken the Euro as more Euro should be printed to assist the bailout.
3. Declining GDP's...
Every time you buy or sell at s/r you're timing the market. The only difference between this and longer term swing traders is the time frame.

Also, my luck again, stopped out at break even last night only for me to wake up to it having gone 40 pips in my favor after.
  • #726,619
  • Dec 3, 2012 10:02am Dec 3, 2012 10:02am
Quoting fxnav
Too late....
indeed
  • #726,620
  • Dec 3, 2012 10:03am Dec 3, 2012 10:03am
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