Short at 3097. Close SL.
- #731,382
- Dec 12, 2012 11:07pm Dec 12, 2012 11:07pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
there are plenty of opposite indicators around..
Not all sins are created equal
- #731,383
- Dec 12, 2012 11:09pm Dec 12, 2012 11:09pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
nice analysis chap,
it is the weekly that has me looking at the bull side as well above 3126. simply looking at the weekly correction at 38% it is shallow and there is more to come, the question is when, will it take the initiative now or will bears push it down again
My main pont was although pa tapping the low of what I see as a battle zone, if any of the patterns play out the targets are pretty good
If I wasnt such a junky, I wold be wiser to sit this zone out until either bear or bull gain ascendency, but when looking weekly tf,s, the battle zone could take 5-7- even more weeks, then the proverbial reteast could be the same before even considering entering14 - 20 weeks
The higher tf,s just to give overall picture with possible tragets, and when not to trade, entries shoulds still be in lower timeframes, Buuut if there is possability of a decent 500 700 + move, need to be able to consider this, when watching 15min 30min, is why I generally favour, pb to off set sl risk, and leaving runners, sadly most of this year and last year, ranging seem t be order of the day, which dont suit this,
The ability to intervene is fuking forex, could make good living before, but now interventions do not respect TA and FA if full of so much BS like awesome employment data and currency drops like a rock and like specific data releases, yes pa can react instantly, but what about 1hr 2 hr speaches, conferences, etc, and yet markets react to the second the release, bs fuk bs is too much of it now
If you are new to Forex? Say Goodbye to your account!!
- #731,384
- Dec 12, 2012 11:10pm Dec 12, 2012 11:10pm
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #731,385
- Dec 12, 2012 11:11pm Dec 12, 2012 11:11pm
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- #731,387
- Dec 12, 2012 11:15pm Dec 12, 2012 11:15pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #731,390
- Dec 12, 2012 11:23pm Dec 12, 2012 11:23pm
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #731,391
- Dec 12, 2012 11:24pm Dec 12, 2012 11:24pm
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #731,392
- Dec 12, 2012 11:24pm Dec 12, 2012 11:24pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #731,393
- Dec 12, 2012 11:25pm Dec 12, 2012 11:25pm
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #731,395
- Dec 12, 2012 11:28pm Dec 12, 2012 11:28pm
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #731,396
- Dec 12, 2012 11:29pm Dec 12, 2012 11:29pm
- | Joined Apr 2012 | Status: Trader | 1,823 Posts
Sometimes it's better to be wrong,to learn..
- #731,398
- Dec 12, 2012 11:31pm Dec 12, 2012 11:31pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Middle of nowhere. My indicators are telling me to go eat an omlette.
Mohan
- #731,399
- Dec 12, 2012 11:32pm Dec 12, 2012 11:32pm
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
Go with the HFT Bias.. Buy On Dips or Sell On Blips..
Set reasonable risk-adjusted stops but allow for room to breath as you must be willing to give some pips back in-order to be rewarded with those occasional multi figure paydays..
"Set.. Forget.. Zzzz.. Play.."
or do all of your favorite diversions..
"wine, beer, dinner, beer, girls, martini, gin, beer, ladies...hunny..food..bed"
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- #731,400
- Dec 12, 2012 11:34pm Dec 12, 2012 11:34pm
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
Morning All...! Woke up to a beautiful morning, my shorts which I opened @1.3076 closed exactly at TP 1.3055
My bias for today is to the upside again. Waiting for 1.3075 - 1.3080 to load for LONGs. Good Luck all...!
My bias for today is to the upside again. Waiting for 1.3075 - 1.3080 to load for LONGs. Good Luck all...!