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  • #747,001
  • Jan 16, 2013 12:57pm Jan 16, 2013 12:57pm
waiting to short eur but doesnt seem a good option
daily chart if it closes above 1.3306 may lead to higher levels again
so can t decide what to do
The Phoenix Trader....
  • #747,002
  • Jan 16, 2013 1:02pm Jan 16, 2013 1:02pm
Quoting sunilpawar
waiting to short eur but doesnt seem a good option
daily chart if it closes above 1.3306 may lead to higher levels again
so can t decide what to do
Consolidation now, not a good time for short. Stay out till asian opens and see.
Whatever is happening right now has happened before and will happen again.
  • #747,003
  • Jan 16, 2013 1:09pm Jan 16, 2013 1:09pm
Quoting gatorinla
ej at 117.78 atm.. 117.80 is a place to look
if you took it, b.e. your stop.
those who can, do. those who cant, talk about those who can
  • #747,004
  • Jan 16, 2013 1:12pm Jan 16, 2013 1:12pm
Quoting gatorinla
if you took it, b.e. your stop.
took that a lil earlier, 45mins ago. at 117.67. price turned sharply, closed that at .70. bugger...
  • #747,005
  • Jan 16, 2013 1:26pm Jan 16, 2013 1:26pm
Quoting gatorinla
ej at 117.78 atm.. 117.80 is a place to look
decision time.. close for 10+ green ones. or wait for 40 80 120.. it may get close to s/o at 117.73/74.. that's normal. the object is to take out lows. it gives more fuel.
those who can, do. those who cant, talk about those who can
  • #747,006
  • Jan 16, 2013 1:36pm Jan 16, 2013 1:36pm
Quoting ec_creep
took that a lil earlier, 45mins ago. at 117.67. price turned sharply, closed that at .70. bugger...
a decision of closing with 20m or letting it run for a free trade is not the worst thing to do. and yet some cant do it because of fear or greed.
those who can, do. those who cant, talk about those who can
  • #747,007
  • Jan 16, 2013 1:42pm Jan 16, 2013 1:42pm
Believe it or not , This Bull has a potential to reach as low as 1.23 - There was a problem with the range some kind Bulls and bears are trapped in to , it has opened two doors not one as i thought ( 1.35 and 1.23 ) So , this 1.30 better to hold again - if it was retested or it may become a free fall ...
"It's the Margin, Stupid."
  • #747,008
  • Jan 16, 2013 2:00pm Jan 16, 2013 2:00pm
Quoting Davit
Once a person makes a prediction, the ego becomes involved in it, making
it difficult to accept anything that happens in the process of
trading that seems to differ ~from your prediction. Thus, it
becomes very difficult to trade~anything that you publicly predict in any way.
VAN K. THARP

I was compelled to post this because traders keep posting numbers where price may go are hampering their own trading by creating bias.
Why not go with the flow...
TF relevant - go with the flow on 5 minute TF has a completely different meaning to 1 hour or daily or weekly....

each to their own but a bias has served me well for many years
  • #747,009
  • Jan 16, 2013 2:04pm Jan 16, 2013 2:04pm
Monti's optimism pissed off the markets
69
  • #747,010
  • Jan 16, 2013 2:05pm Jan 16, 2013 2:05pm
Quoting MaxDoom
TF relevant - go with the flow on 5 minute TF has a completely different meaning to 1 hour or daily or weekly....

each to their own but a bias has served me well for many years
I dont even look at 5 min nowadays. Only 1HR (rarely 15m) for entry. 4HR and Daily for Trend. And screw the WKLY.
Whatever is happening right now has happened before and will happen again.
  • #747,011
  • Jan 16, 2013 2:10pm Jan 16, 2013 2:10pm
Here we go. Nice 5 min KILL!
Whatever is happening right now has happened before and will happen again.
  • #747,012
  • Jan 16, 2013 2:11pm Jan 16, 2013 2:11pm
Quoting MaxDoom
TF relevant - go with the flow on 5 minute TF has a completely different meaning to 1 hour or daily or weekly....

each to their own but a bias has served me well for many years
When a person take a decision to buy/sell EURUSD on a 5min , doesn't he create a a very short term bais that price is going down ?!
"It's the Margin, Stupid."
  • #747,013
  • Jan 16, 2013 2:13pm Jan 16, 2013 2:13pm
Quoting mnmnmmnnmnmn
And screw the WKLY.
Not to worry, It will screw your plans too - if you ignore them
"It's the Margin, Stupid."
  • #747,014
  • Jan 16, 2013 2:15pm Jan 16, 2013 2:15pm
Quoting mnmnmmnnmnmn
I dont even look at 5 min nowadays. Only 1HR (rarely 15m) for entry. 4HR and Daily for Trend. And screw the WKLY.
I look at weekly daily 1hour 5min tick all relevant to my style....


as for now.... taken the long
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  • #747,015
  • Jan 16, 2013 2:16pm Jan 16, 2013 2:16pm
Quoting Vachus
When a person take a decision to buy/sell EURUSD on a 5min , doesn't he create a a very short term bais that price is going down ?!
the old rules are the best rules, watch the higher TF trade the lower TF


otherwise you are trading noise....
  • #747,016
  • Jan 16, 2013 2:21pm Jan 16, 2013 2:21pm
i just cashed out my short a while ago. Not feeling good to enter a long right away here yet
Whatever is happening right now has happened before and will happen again.
  • #747,017
  • Jan 16, 2013 2:23pm Jan 16, 2013 2:23pm
Quoting MaxDoom
the old rules are the best rules, watch the higher TF trade the lower TF


otherwise you are trading noise....
this is what i usually do, direction of the lower TF is the same as the higher TF, then i will get in.

But at some turn around point, higher TF will follow with lower ones.
Whatever is happening right now has happened before and will happen again.
  • #747,018
  • Jan 16, 2013 2:23pm Jan 16, 2013 2:23pm
Quoting MaxDoom
the old rules are the best rules, watch the higher TF trade the lower TF


otherwise you are trading noise....
I remember when i started looking at the daily , thought i was looking at a turtle walking in a slow motion ... now they flash very fast !
"It's the Margin, Stupid."
  • #747,019
  • Jan 16, 2013 2:23pm Jan 16, 2013 2:23pm
Quoting Vachus
It will screw your plans too
lol
Maximizing your potentials!
  • #747,020
  • Jan 16, 2013 2:31pm Jan 16, 2013 2:31pm
The close of this candle should be a nice Long opportunity and low risk too - target 33.00
"It's the Margin, Stupid."
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