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  • #481
  • Dec 5, 2012 2:25am Dec 5, 2012 2:25am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
4H Couple of target areas for resistance are noted on the attached chart

1. 1.31385 High from Oct 17 (stiking here represents double/triple? top)

2. 1.31709 High from Sep 17th (Again another double top)
Attached Image (click to enlarge)
Click to Enlarge Name: eu4h.gif Size: 43 KB
  • #482
  • Dec 5, 2012 2:37am Dec 5, 2012 2:37am
Attached Image (click to enlarge)
Click to Enlarge Name: 30M.JPG Size: 158 KB
Dangdut is a music of my country
  • #483
  • Dec 5, 2012 2:49am Dec 5, 2012 2:49am
Quoting NuNix
and yes my SL has been kissed. Maybe i should close the trade when i see that....
Attached Image (click to enlarge)
Click to Enlarge Name: 30M.JPG Size: 172 KB
Dangdut is a music of my country
  • #484
  • Dec 5, 2012 3:13am Dec 5, 2012 3:13am
Quoting Silat50
Thanks for sharing IZI!!!!
No problem. Everything will be clear if you read the 6 page "Grounded VERSUS UNGROUNDED assessment" similar stuff mentioned Mark Douglas - Trading In The Zone. Try to realize, and you will see your way. Everything else is a subjective opinion.
  • #485
  • Dec 5, 2012 3:18am Dec 5, 2012 3:18am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Excellent progressive sampling there Nunix thank you for sharing! If it were me though I might have taken the profit.

Word of advice if your broker is 5 digit, when you move your SL to BE move it there plus or minus that 5th digit.

Example: Trigger price long: 1.31121

Break Even: 1.31122 - your efforts should always amount to SOMETHING even if it is just .01 pips!

Make sense?

Quoting NuNix
and yes my SL has been kissed. Maybe i should close the trade when i see that....
  • #486
  • Dec 5, 2012 3:19am Dec 5, 2012 3:19am
thanks for wanting to help.
am just starting to learn as u have said earlier after 10yrs you are still learning
am in my first few weeks in Forex trading and i will like to be up to a good start so am willing to learn
will like to know how to really go about Forex trading from the basics to complex levels and make gain with minimum loss
i really need a teacher with your kind of expirience.
thanks, please reply.
  • #487
  • Dec 5, 2012 3:27am Dec 5, 2012 3:27am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Keep your eye on the 5M. As it approaches the 200 (and subsequently corresponds with 1H lower trendline), this may be an opportunity for some scalping. Would LOVE to see both levels (on the 5M) broken through!
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.gif Size: 40 KB
  • #488
  • Dec 5, 2012 3:31am Dec 5, 2012 3:31am
Quoting 9er
Keep your eye on the 5M. As it approaches the 200 (and subsequently corresponds with 1H lower trendline), this may be an opportunity for some scalping. Would LOVE to see both levels (on the 5M) broken through!
I have called the trade, too early right?
Attached Image (click to enlarge)
Click to Enlarge Name: 5M.JPG Size: 165 KB
Dangdut is a music of my country
  • #489
  • Dec 5, 2012 3:37am Dec 5, 2012 3:37am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Yes. If you use the first fractal outside the mouth as a premise your sell stop should be at the low of the candle that corresponds to the fractal (minus 3 pips)

But you might get lucky

Quoting NuNix
I have called the trade, too early right?
  • #490
  • Dec 5, 2012 3:42am Dec 5, 2012 3:42am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Also you went short (market order I assume) against all the indicators. Triple bottom, AO slowing (moving up). I must admit though I like your vision - I completely missed that triple bottom until you posted your chart! Thank you



Quoting NuNix
I have called the trade, too early right?
  • #491
  • Dec 5, 2012 3:55am Dec 5, 2012 3:55am
I am going to walk away from my PC, just set SL to BE. See you again in the New York session
Attached Image (click to enlarge)
Click to Enlarge Name: 5M.JPG Size: 230 KB
Dangdut is a music of my country
  • #492
  • Dec 5, 2012 3:55am Dec 5, 2012 3:55am
Quoting NuNix
I have called the trade, too early right?
what is the reason you enter this trade?
  • #493
  • Dec 5, 2012 4:05am Dec 5, 2012 4:05am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
News release caused the break!
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 40 KB
  • #494
  • Dec 5, 2012 4:10am Dec 5, 2012 4:10am
Quoting 9er
News release caused the break!
9er can you explain why you put buy limit and sell stop at that level in your chart?
  • #495
  • Dec 5, 2012 4:11am Dec 5, 2012 4:11am
what i see there was a kind of bearish butterfly before. market dropped and broke support ( B point of prev butterfly ). market tried to retest the prev support but it seems failed. support become resistance ( red line ) ?

Quoting vahn
what is the reason you enter this trade?
Attached Image (click to enlarge)
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not euphoria follower
  • #496
  • Dec 5, 2012 4:14am Dec 5, 2012 4:14am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I posted the earlier chart in such a haste I didn't notice that my sell stop was in place. I was just triggered in on that sell stop.

Quandry: are the bulls finished? Is this a result of emotion from the news release? I paid no attention to the fact that I set a sell stop 3 pips above the daily pivot. A bounce off this area will be a painful loss.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 40 KB
  • #497
  • Dec 5, 2012 4:17am Dec 5, 2012 4:17am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Very interesting that price broke through on the 200 AND the lower trend line
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.gif Size: 38 KB
  • #498
  • Dec 5, 2012 4:24am Dec 5, 2012 4:24am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Would love to see a retrace to the 23.6 or 38.2 level only! Any higher might indicate that the bulls are plenty alive! Notice the RSI?
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.gif Size: 40 KB
  • #499
  • Dec 5, 2012 4:28am Dec 5, 2012 4:28am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
If there is room to fall here, drill up to the 15M and watch the 200 from there. If it pushes through the 200 on the 30M believe this will open bearish outlook for the rest of the dayh
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.gif Size: 36 KB
  • #500
  • Dec 5, 2012 4:30am Dec 5, 2012 4:30am
Quoting 9er
Would love to see a retrace to the 23.6 or 38.2 level only! Any higher might indicate that the bulls are plenty alive! Notice the RSI?
is it means that if the price retrace above 38.2 level, you will close your position in loss?
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