I think your ES trade was a good one. It had support. You clearly identified your risk...AND stuck to it. That's how to take a loss. Perfect.
Next one is yours.
Dog walking...back in a while.
The Really Useless Thread
- #125,921
- Dec 3, 2012 3:43pm Dec 3, 2012 3:43pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
- #125,922
- Dec 3, 2012 3:49pm Dec 3, 2012 3:49pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Lol.. Shadow from the past..
- #125,923
- Edited 4:03pm Dec 3, 2012 3:51pm | Edited 4:03pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #125,924
- Dec 3, 2012 4:01pm Dec 3, 2012 4:01pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Lol.. Shadow from the past..
They don't always play out, though. Have seen a few people (some you know
) calling divergence for a good few days on EU. First it was H1...
It was there...but came undone, pretty quick. Now H4...maybe it will play out...
Time will tell.
Only a game of probabilities. Many things to weigh up. We really only know if the analysis we put our weight ($) behind was right...after its played out (or not) and the pips are in the bank (or not).
Nice charts, brother...hope you're basking in the sun down there!
- #125,926
- Dec 3, 2012 4:09pm Dec 3, 2012 4:09pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Sweet views, brother.
They don't always play out, though. Have seen a few people (some you know
Attachment
It was there...but came undone, pretty quick. Now H4...maybe it will play out...
Attachment
Time will tell.
Only a game of probabilities. Many things to weigh up. We really only know if the analysis we put our weight ($) behind was right...after its played out (or not) and the pips are in the bank (or not).
Nice...
lol, there is a reason why we are seeing divergences..
4H are my favorites..
as you mentioned.. Yes.. EUR building up on News, makes higher highs, but leaving no tracks in the snow.. [ninja move]
The speed we are seeing EUR advance is not supported with amount of ticks for PA to support that move. in 90% we are going to see a reversal..
4H divergences are great.. but trading them always at the lower TF is the way to go..
as you mentioned earlier, with calculated risk.. Divergence is the path, Direction, but the timing when to trigger is the most important..
- #125,927
- Dec 3, 2012 4:12pm Dec 3, 2012 4:12pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Going to approach RBA decision on the side of market expectations of a 0.25% cut. Therefore...have cancelled all EA short and AU long Pending Orders....
Leaving EA Buy PO's in place in case I get picked up amongst some volatility...same for Short AU's.
Will obviously manually intervene if need be. If no rate cut...immediately canceling PO's and going short EA, long AU.
That's the plan, anyway. Just trying to rehearse it in my head.
Leaving EA Buy PO's in place in case I get picked up amongst some volatility...same for Short AU's.
Will obviously manually intervene if need be. If no rate cut...immediately canceling PO's and going short EA, long AU.
That's the plan, anyway. Just trying to rehearse it in my head.
- #125,928
- Dec 3, 2012 4:14pm Dec 3, 2012 4:14pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
lol, there is a reason why we are seeing divergences..
4H are my favorites..
as you mentioned.. Yes.. EUR building up on News, makes higher highs, but leaving no tracks in the snow.. [ninja move]
The speed we are seeing EUR advance is not supported with amount of ticks for PA to support that move. in 90% we are going to see a reversal..
4H divergences are great.. but trading them always at the lower TF is the way to go..
as you mentioned earlier, with calculated risk.. Divergence is the path, Direction, but the timing when to trigger is...
There's definitely pips about...I can smell them. Just have to be patient, nimble and stealthy like a ninja!
- #125,929
- Dec 3, 2012 4:17pm Dec 3, 2012 4:17pm
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Going to approach RBA decision on the side of market expectations of a 0.25% cut. Therefore...have cancelled all EA short and AU long Pending Orders....
Attachment
Leaving EA Buy PO's in place in case I get picked up amongst some volatility...same for Short AU's.
Will obviously manually intervene if need be. If no rate cut...immediately canceling PO's and going short EA, long AU.
That's the plan, anyway. Just trying to rehearse it in my head.
Gl
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
- #125,930
- Dec 3, 2012 4:24pm Dec 3, 2012 4:24pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
The (real) move can be delayed if we get the expected cut. Most of the expectations are already digested and IMO will only add fuel to the main move across the board later this week. Not trading the announcement but my call is no cut....
Gl
sisse
Yeah...I thought in a previous statement they had mentioned potential for 3.0% by February 2013. I certainly have my fingers crossed for no cut, because as you say, we are pretty stretched right now given the expectations being priced in. No cut would bring more AUD strength pips than a cut would weaken it at this point...I believe. But...I guess we'll never know, because its one or the other.
Thanks sisse...enjoy what's left of your night. Catch you tomorrow...I hope.
- #125,931
- Dec 3, 2012 4:28pm Dec 3, 2012 4:28pm
- | Joined Nov 2010 | Status: still a Probie!!! | 3,104 Posts
- #125,933
- Dec 3, 2012 4:28pm Dec 3, 2012 4:28pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Yep...well said.
There's definitely pips about...I can smell them. Just have to be patient, nimble and stealthy like a ninja!
Looking at daily, we are testing the resistance.. [circle].. However, we may spike above, on news.. but to invalidate the 4h bearish Divergence, we need a close above the TL.. some strong event, News and a "sound" move.. otherwise.. the charts, as set now.. are sweet.. for a nice down move..
let see mate..
- #125,934
- Dec 3, 2012 4:39pm Dec 3, 2012 4:39pm
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
Going to approach RBA decision on the side of market expectations of a 0.25% cut. Therefore...have cancelled all EA short and AU long Pending Orders....
Attachment
Leaving EA Buy PO's in place in case I get picked up amongst some volatility...same for Short AU's.
Will obviously manually intervene if need be. If no rate cut...immediately canceling PO's and going short EA, long AU.
That's the plan, anyway. Just trying to rehearse it in my head.
looking for investors . pm me
- #125,935
- Dec 3, 2012 4:47pm Dec 3, 2012 4:47pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
"scalping day" or "EA being a bitch day" ?
- #125,936
- Dec 3, 2012 4:48pm Dec 3, 2012 4:48pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #125,937
- Dec 3, 2012 4:48pm Dec 3, 2012 4:48pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
yup.. it is interesting setup like in chess... many [IF's] and [BUT's]
Looking at daily, we are testing the resistance.. [circle].. However, we may spike above, on news.. but to invalidate the 4h bearish Divergence, we need a close above the TL.. some strong event, News and a "sound" move.. otherwise.. the charts, as set now.. are sweet.. for a nice down move..
let see mate..
- #125,938
- Dec 3, 2012 4:49pm Dec 3, 2012 4:49pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
nice bro very nice. too much pips you made today
How about you...make out OK?