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EURUSD

  • #748,341
  • Jan 21, 2013 10:24am Jan 21, 2013 10:24am
A perfect triangle price convergence on M1.
  • #748,342
  • Jan 21, 2013 10:29am Jan 21, 2013 10:29am
Quoting fx_forever
Lucky man !

I don't know how to trade it... same tools (fibo / levels / patterns) ?
I just try to catch it when it goes on a run tbf, does need care though once you have a trade open. Get a BE or better S/L in as soon as you can, it can retrace hard
  • #748,343
  • Jan 21, 2013 10:31am Jan 21, 2013 10:31am
Quoting fx_forever
A perfect triangle price convergence on M1.
It's a rising wege; HL with constant HI at 316. Seems to me like a skyrocket north.
Not trading it though... not unless it goes back to 306-312.
A pip is only worth it if you know how much you risked to earn it
  • #748,344
  • Jan 21, 2013 10:34am Jan 21, 2013 10:34am
Quoting fx_forever
A perfect triangle price convergence on M1.

this seems like the perfect day and the perfect time to open a really stoooopid trade in .eu

...and the perfect time to close a position if i had one open.
  • #748,345
  • Jan 21, 2013 10:36am Jan 21, 2013 10:36am
Quoting vlady1974
It's a rising wege; HL with constant HI at 316. Seems to me like a skyrocket north.
Not trading it though... not unless it goes back to 306-312.

yes, frequently true. (sitting right below the day's open too)
  • #748,346
  • Jan 21, 2013 10:37am Jan 21, 2013 10:37am
Quoting vlady1974
It's a rising wege; HL with constant HI at 316. Seems to me like a skyrocket north.
Not trading it though... not unless it goes back to 306-312.
Ok for up, but does your rocket have fuel ?
  • #748,347
  • Jan 21, 2013 10:40am Jan 21, 2013 10:40am
Quoting 1candlepower
yes, frequently true.
To me though, it just doesn't have enough in it. If using Fibs, then you essentially have 315 to 334/336 (50% Fib of Fri HI/LO). So for 19 pips, you either load it up to get more, but it may not even get to 334.

And whomp... as I type.. it's up to 317 for an exciting 4 pips!
A pip is only worth it if you know how much you risked to earn it
  • #748,348
  • Jan 21, 2013 10:43am Jan 21, 2013 10:43am
Well done to those trading the EY today. The same shape as EU but more range.... ie, not a time waster.
Couldn't watch it today as busy with work. Hopefully with the return of the US, there may be more volatiliity.
A pip is only worth it if you know how much you risked to earn it
  • #748,349
  • Jan 21, 2013 10:43am Jan 21, 2013 10:43am
Quoting vlady1974
To me though, it just doesn't have enough in it. If using Fibs, then you essentially have 315 to 334/336 (50% Fib of Fri HI/LO). So for 19 pips, you either load it up to get more, but it may not even get to 334.

And whomp... as I type.. it's up to 317 for an exciting 4 pips!

...i'd rather go to an atlantic city casino than trade one these triangles. (talking about the one that started around 4:30 ny)
  • #748,350
  • Jan 21, 2013 10:44am Jan 21, 2013 10:44am
Quoting 1candlepower
...i'd rather go to an atlantic city casino than trade one these triangles.
LOL.
A pip is only worth it if you know how much you risked to earn it
  • #748,351
  • Jan 21, 2013 10:47am Jan 21, 2013 10:47am
R E J E C T E D
A pip is only worth it if you know how much you risked to earn it
  • #748,352
  • Jan 21, 2013 10:48am Jan 21, 2013 10:48am
Quoting 1candlepower
...i'd rather go to an atlantic city casino than trade one these triangles. (talking about the one that started around 4:30 ny)
Sure i don't trade that but triangles are not casino... don't say that.
  • #748,353
  • Jan 21, 2013 10:49am Jan 21, 2013 10:49am
Quoting vlady1974
R E J E C T E D
oOOOH... Here come round 2.... she gonna do it? Go on! Do something exciting to end the day!
A pip is only worth it if you know how much you risked to earn it
  • #748,354
  • Jan 21, 2013 10:49am Jan 21, 2013 10:49am
Quoting fx_forever
Sure i don't trade that but triangles are not casino... don't say that.


well, i do like diverging triangles a lot...
  • #748,355
  • Jan 21, 2013 10:51am Jan 21, 2013 10:51am
Quoting vlady1974
R E J E C T E D
Wait for the retest...

But anyway without fuel, no high or low, whatever the pattern can be...

A NULL London session...Will close at open price...

But as we have made a slow big convergence it seems now we can go in divergence... ranges again and after some hours a trend !

Or maybe the big triangle is not closed... Let's wait for Asia open.
  • #748,356
  • Jan 21, 2013 10:52am Jan 21, 2013 10:52am
my best bet right now is to go eat lunch!
  • #748,357
  • Jan 21, 2013 10:56am Jan 21, 2013 10:56am
Quoting 1candlepower
my best bet right now is to go eat lunch!
English speakers either go "for" lunch or "have" lunch.......................................... eating can be more appropriately used for an act performed to give oral pleaure to a woman
The Thief of Wall Street
  • #748,358
  • Jan 21, 2013 10:58am Jan 21, 2013 10:58am
Quoting Chicky
English speakers either go "for" lunch or "have" lunch.......................................... eating can be more appropriately used for pussy


OMG you made me burst out laughing at the office.... but I can't tell anyone why!! EVIL!
A pip is only worth it if you know how much you risked to earn it
  • #748,359
  • Jan 21, 2013 10:59am Jan 21, 2013 10:59am
waiting for the break of 14 for a few pips down
Trade What You See Not What You Want To See
  • #748,360
  • Jan 21, 2013 10:59am Jan 21, 2013 10:59am
Quoting Chicky
English speakers either go "for" lunch or "have" lunch.......................................... eating can be more appropriately used for pussy
Trade What You See Not What You Want To See
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