just short on strength mate... imho..
Can you tell me why I should do such? I have targets of where to short from but just want to know why you are so confident on shorting.
Thanks
Numbers NEVER Lie
Cable Update (GBPUSD)
- #333,361
- Jan 8, 2013 11:56am Jan 8, 2013 11:56am
Can you tell me why I should do such? I have targets of where to short from but just want to know why you are so confident on shorting.
Thanks
- #333,362
- Jan 8, 2013 11:58am Jan 8, 2013 11:58am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
yups i agree on that.. seems like we might have some pullback on gold based on weekly..
until the 1600 holds we can get into 1700 again easy.
maybe this will require a couple of weeks. let's see, i'm already in, but very soft.
eyes now if conquer again >1670.
90% of traders use TA, indicators and prediction
- #333,363
- Jan 8, 2013 12:02pm Jan 8, 2013 12:02pm
Looks like a descending wedge awaiting a bullish breakout. Great analysis
Numbers NEVER Lie
- #333,364
- Jan 8, 2013 12:08pm Jan 8, 2013 12:08pm
- Joined May 2009 | Status: Trader | 4,895 Posts
Why is this Spec,
Can you tell me why I should do such? I have targets of where to short from but just want to know why you are so confident on shorting.
Thanks
the same goes to fiber,aussie,kiwi,swissy,candy...
- #333,365
- Jan 8, 2013 12:10pm Jan 8, 2013 12:10pm
- Joined May 2009 | Status: Trader | 4,895 Posts
yes this area is quite interesting IMO
until the 1600 holds we can get into 1700 again easy.
maybe this will require a couple of weeks. let's see, i'm already in, but very soft.
eyes now if conquer again >1670.
- #333,366
- Jan 8, 2013 12:14pm Jan 8, 2013 12:14pm
as i said few weeks back, as long as the price can't trade sustainably above 6300, she won't go any further up.. there will be more bearish pressure at about the 6300 unless of course, the price can close convincingly above 6300..
the same goes to fiber,aussie,kiwi,swissy,candy...
Numbers NEVER Lie
- #333,367
- Jan 8, 2013 12:20pm Jan 8, 2013 12:20pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Thanks for your insight Nav. Couldn't have said it better. Wish you green pips
u will do well bro..what i like about u is:- yur humble and open your mind to learning!!
i know u will get green pips bro!
- #333,368
- Jan 8, 2013 1:02pm Jan 8, 2013 1:02pm
u will do well bro..what i like about u is:- yur humble and open your mind to learning!!
i know u will get green pips bro!
Numbers NEVER Lie
- #333,369
- Jan 8, 2013 1:40pm Jan 8, 2013 1:40pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Morning all.
Still holding your shorts?
Still holding your shorts?
Come with me if you want to live....
- #333,371
- Jan 8, 2013 2:29pm Jan 8, 2013 2:29pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Gidday
I am holding a long,lucky small one
at 161000 from yesterday
stupid me had my pending set 1.60500
then moved it up.
Keep doing dump shit way to often
If this EUR/US climbs,then GBP/US should follow
Still people are talking 159000 etc
Man not sure now
We have been and still are under the very strong influence of the massive bailouts etc, it is messing with the natural bearish flow of the market. I believe this is why we are not seeing many bullish daily pins despite the market defying gravity time and time again last year.
PA alone for this reason can be very deceiving, even on the daily.
This first image from Oct 2010 made no sense to me at the time. The daily and weekly TF's on my method (not just PA), told me to sell like hell, but then the hand of the financial Gods lifted it (see the very ugly PA in the 2nd 4hr chart).
It's unusual, but it happens.
I'm being 100 percent mechanical this year and still bullish until my chart tells me to switch and start selling rallies.
I've just added in the 4 hr techs to try and make sense of what my own screen shows. I freely admit on the face of it, it is very low percentage, but just going with what I see.
I don't blame the guy who said last week that it is hero buying, it looks like it to me also, but I have missed far too many golden buying opportunities last year by not mechanically following the system and letting bearish PA deceive me.
I'm learning that when you have a good R/R ratio and a good strike rate method, just have good MM, take your losses and move on.
Now watch it drop
Come with me if you want to live....
- #333,372
- Jan 8, 2013 2:48pm Jan 8, 2013 2:48pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
Morning all.
Still holding your shorts?
Looking to reload short closer to 1.6080 again
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #333,373
- Jan 8, 2013 2:49pm Jan 8, 2013 2:49pm
- Joined May 2009 | Status: Trader | 4,895 Posts
Morning all.
Still holding your shorts?
we might have pullback here and there, just know when to get out of the long.
wish you green pips always, and all of our friend here.
- #333,374
- Jan 8, 2013 3:04pm Jan 8, 2013 3:04pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
hi mate, don't overstay you position mate. look at the tail and the body of the bearish candle. that's not bullish imho.
we might have pullback here and there, just know when to get out of the long.
wish you green pips always, and all of our friend here.
But ask yourself this.
How many times has GU (PA) deceived some very highly regarded bearish traders at various times this last 12 months? PA to me at the moment is irrelevant for reasons recently stated.
I'll take my loss/win whichever occurs. I won't exit early, as this messes with the R/R and strike rate.
Got to go to work. Green pips to us both brother
Come with me if you want to live....
- #333,375
- Jan 8, 2013 3:08pm Jan 8, 2013 3:08pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #333,376
- Jan 8, 2013 3:20pm Jan 8, 2013 3:20pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Managed to close the short i had yesterday with 40+ pips profit.
Looking to reload short closer to 1.6080 again
u better make that 1.6071 if lucky
- #333,377
- Jan 8, 2013 3:32pm Jan 8, 2013 3:32pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
u better make that 1.6071 if lucky
Blame my happy trigger finger i just shorted at 1.60558 :/
seeing some resistance on previous support on H1
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #333,378
- Jan 8, 2013 3:39pm Jan 8, 2013 3:39pm
- Joined May 2009 | Status: Trader | 4,895 Posts
Thx for your concern Specs, I appreciate it
But ask yourself this.
How many times has GU (PA) deceived some very highly regarded bearish traders at various times this last 12 months? PA to me at the moment is irrelevant for reasons recently stated.
I'll take my loss/win whichever occurs. I won't exit early, as this messes with the R/R and strike rate.
Got to go to work. Green pips to us both brother
Personally, i think your position might work out (if 6000 support hold), i'm waiting at about 6170-6200 to short (would consider on how the PA when approaching the price - will enter on exhaustion). it might take 1 day/2days, who knows, just don't overstay..
- #333,379
- Jan 8, 2013 3:43pm Jan 8, 2013 3:43pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
im having a dilemma deciding where to short
Blame my happy trigger finger i just shorted at 1.60558 :/
seeing some resistance on previous support on H1
looking at lower time frame to find a S/R area that is acting as resistance now, that gave me the reason to short...
looking at the chart... i plotted a line at 1.6056 area, with arrows to show the S/R reactions on chart...
https://dl.dropbox.com/u/52561775/Fo...12013.0541.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #333,380
- Jan 8, 2013 4:02pm Jan 8, 2013 4:02pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i'm not asking you to close your position mate.. that would be ridiculous. i'm just saying don't let the winner turned losers.
Personally, i think your position might work out (if 6000 support hold), i'm waiting at about 6170-6200 to short (would consider on how the PA when approaching the price - will enter on exhaustion). it might take 1 day/2days, who knows, just don't overstay..
