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  • #742,521
  • Jan 7, 2013 4:18pm Jan 7, 2013 4:18pm
Quoting nawafasad1
1.3100 is the support to go to 1.3150 area where the correction could be over where i m looking to sell
Selling interests could layer up to 1.3181 (61.8 fib ret.).
  • #742,522
  • Jan 7, 2013 4:19pm Jan 7, 2013 4:19pm
Quoting Ken A
Selling interests could layer up to 1.3181 (61.8 fib ret.).
That's where the Bollinger band is too and it looks mean as
  • #742,523
  • Jan 7, 2013 4:22pm Jan 7, 2013 4:22pm
Yep but im sure retail has got a lot smarter in recent years. Position trading in this market is impossible nowadays

Quoting Kanzler
Retail loves buying supply, and smart money can only oblige by selling it to them.
  • #742,524
  • Jan 7, 2013 4:24pm Jan 7, 2013 4:24pm
Quoting Ken A
Selling interests could layer up to 1.3181 (61.8 fib ret.).
hi there ken it could go to 1.318 but i ll be looking for a set up for my sell from 1.315 as i m long from 1.31 and 1.3035
  • #742,525
  • Jan 7, 2013 4:24pm Jan 7, 2013 4:24pm
Quoting BobGnarly
NEVER move SL's but thats just my noobie opinion


Unless to BE or +
usually true but my original stop loss hasnt been hit yet and i'm using less leverage on my entries. usually price action terminates outside the bollinger bands this move looks like it will terminate inside the bollinger band which is un-common. also moving a stop to BE i dont like unless price has cleared it (made a higher low/lower high and bounced from it ) the market does stop hunt for those BE trades. look at 1/4/2013 as proof 7 different lows. but theirs timeswhen BE stops have to be placed when we cant watch over a trade. theirs always exceptions to things.

i think my original stop might be good also theres an hourly down trendline thats capped off this move so far even in a 30 minute chart its bounced 4 times. but this could break also.

Ps: i also added at 13125.

i should also add that their traders that dont use stop losses at all . when i 1st started i didnt use stops. i traded the gbp/jpy mostly. had no problems for months and my account multiplied by 5 times but then i traded the eur/usd 1st time and used more leverage because it didnt move as much as gbp/jpy,i figured i could go heavier in, learned my lesson euro/dollar went start up for about 1000 pips and margin stopped my account. months of trades wiped out .
  • #742,526
  • Jan 7, 2013 4:26pm Jan 7, 2013 4:26pm
Quoting PipLand
Yep but im sure retail has got a lot smarter in recent years. Position trading in this market is impossible nowadays
yeah.. fuck "smart" money.. they lose like any other trader... there's simply not enough retail money to make up for their profits..
  • #742,527
  • Jan 7, 2013 4:30pm Jan 7, 2013 4:30pm
Yep the spikes when the big boys Sl's are hit are very pretty

Quoting attila
yeah.. fuck "smart" money.. they lose like any other trader... there's simply not enough retail money to make up for their profits..
  • #742,528
  • Jan 7, 2013 4:32pm Jan 7, 2013 4:32pm
Quoting PipLand
Yep but im sure retail has got a lot smarter in recent years. Position trading in this market is impossible nowadays
With a billion indicators out there inundating the retail market I don't think your average joe newb has gotten much smarter over the years. To the contrary I think they've lost ground - before the information age you had to do all this by paper and pencil, and nobody cared to calculate when RSI lines up with the PPMA and the HA turns a new color. Sure smart money makes money off of smart money but the majority of the feast is off of us.
  • #742,529
  • Jan 7, 2013 4:34pm Jan 7, 2013 4:34pm
Quoting PipLand
Yep the spikes when the big boys Sl's are hit are very pretty
lol.. it really annoys me all this fascination with the bank traders.. they are EMPLOYEES.. they are NOT traders.. fuck 'em.
  • #742,530
  • Jan 7, 2013 4:37pm Jan 7, 2013 4:37pm
I have sold aussie 0511 sl 0523 line in sand if can break 0500, crap data and tapping resist 0514
If you are new to Forex? Say Goodbye to your account!!
  • #742,531
  • Jan 7, 2013 4:40pm Jan 7, 2013 4:40pm
Quick survey for the EUR/USD (Jan 07, 2013 23:00) ... (ROLL CLOSE) ... with a few hints for WEEK No.2 ...


2013-01-07_23h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Dn _ W-02 # FS1 (EN Daily, Weekly).PNG (122.3 KB)


Easy peasy to read ...

Easy peasy to work with ...

Corrective activities in higher range ...

Upside preferred as long as its corrective downside may find prop up in 1.3085 - 1.3070 or ideally near 1.3063 zone ...

Possible TGTs are for a move up towards 1.3152 or above 1.3167 zone ...

Any cross of below 1.3046 would damage this upside structure ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #742,532
  • Jan 7, 2013 4:42pm Jan 7, 2013 4:42pm
Quoting nawafasad1
1.3100 is the support to go to 1.3150 area where the correction could be over where i m looking to sell
I am watching 1.31500 area also, happens to be 50% of last weeks range; may tell us if that down move is just correction or this week will be continuation; will know by Friday.

It takes a lot for me to IGNORE you, but you can try.
  • #742,533
  • Jan 7, 2013 4:45pm Jan 7, 2013 4:45pm
Quoting wambua
evening? trading is how?
Im good mate. . . just watching the charts malfunction hehe. Uko tu? I wish u greenpips mzee
  • #742,534
  • Jan 7, 2013 4:50pm Jan 7, 2013 4:50pm
Quoting KiwiTrada
I have sold aussie 0511 sl 0523 line in sand if can break 0500, crap data and tapping resist 0514
charts daily and 1hr - self explanitory

I am official contrarian indicator, so she should rocket up to sky
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au daily 8 1 2013.jpg Size: 118 KB
Click to Enlarge Name: au 1hr 8 1 2013.jpg Size: 105 KB
If you are new to Forex? Say Goodbye to your account!!
  • #742,535
  • Jan 7, 2013 4:56pm Jan 7, 2013 4:56pm
Quoting KiwiTrada
charts daily and 1hr - self explanitory

I am official contrarian indicator, so she should rocket up to sky
Consider this Kiwi,

Sorry weekly chart is messy, didn't remake it.
if Weekly TL holds then we see back down to 1.04XX

If upside, yeah we will hit the sky! 1.06XX first target.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU Breakout TL.PNG Size: 16 KB
Click to Enlarge Name: AU Breakout.PNG Size: 55 KB
Even the worst trade can close with profit. Just give it time.
  • #742,536
  • Jan 7, 2013 4:59pm Jan 7, 2013 4:59pm
Quoting KiwiTrada
charts daily and 1hr - self explanitory

I am official contrarian indicator, so she should rocket up to sky
I find that sloped resistance rather important,

Will see how she reacts
Even the worst trade can close with profit. Just give it time.
  • #742,537
  • Jan 7, 2013 5:23pm Jan 7, 2013 5:23pm
Quoting John Gray
I find that sloped resistance rather important,

Will see how she reacts
yes was aggressive entry, this is zoomed in to 15min chart

bear fences
0500
50sma red
200sma blue

one at a time, small steps, have reduce sl risk 0517 -6 pip and waiting see how big reaction is for each fence will reduce sl risk if she can stay below 0500 this 30min close

my shoot to sky comment was more the last few charts I posted, pa did exactly opposite, so got little shy to post anything
daily weekly I am bearish ladies
Attached Image (click to enlarge)
Click to Enlarge Name: au 15min 8 1 2013.jpg Size: 84 KB
If you are new to Forex? Say Goodbye to your account!!
  • #742,538
  • Jan 7, 2013 5:39pm Jan 7, 2013 5:39pm
Quoting KiwiTrada
yes was aggressive entry, this is zoomed in to 15min chart

bear fences
0500
50sma red
200sma blue

one at a time, small steps, have reduce sl risk 0517 -6 pip and waiting see how big reaction is for each fence will reduce sl risk if she can stay below 0500 this 30min close

my shoot to sky comment was more the last few charts I posted, pa did exactly opposite, so got little shy to post anything
daily weekly I am bearish ladies
average 30 min close, tapped bang on 50sma, however shes pierced, 0500 and the 15min rising tl, moving sl to BE 0511, interestingly cable has also breached her 15min rising tl, so its looking ok for now any sign of yen strength would be nice right now
If you are new to Forex? Say Goodbye to your account!!
  • #742,539
  • Jan 7, 2013 5:48pm Jan 7, 2013 5:48pm
i think monday is going to be repeated with tight different ranges, euro is weak dollar is weak also so for me its bearish till US market open and then it will reverse again
  • #742,540
  • Jan 7, 2013 6:07pm Jan 7, 2013 6:07pm
Quoting USD-Bear
already in?
.
Attached Image
those who can, do. those who cant, talk about those who can
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