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  • #25,461
  • Jan 22, 2013 8:15pm Jan 22, 2013 8:15pm
Quoting DaddyBear
Someone is looking for 1.0390 and you only want 1.05350. I believe you are not a greedy man in this forum.
Yeah I'm more cautious then greedy!
  • #25,462
  • Jan 22, 2013 8:16pm Jan 22, 2013 8:16pm
Daily - 012213. INDI X is pointing to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: INDIX-012213-D.JPG Size: 108 KB
daddybearforex. com
  • #25,463
  • Jan 22, 2013 8:17pm Jan 22, 2013 8:17pm
Weekly - 012213. INDI X is also pointing to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: INDIX-012213-W.JPG Size: 80 KB
daddybearforex. com
  • #25,464
  • Jan 22, 2013 8:28pm Jan 22, 2013 8:28pm
Quoting DaddyBear
Daily - 012213. INDI X is pointing to the upside.
M15, no good for shorts.

http://fx2.it-finance.com/FXStreetFl...b756ca8d76.png
  • #25,465
  • Jan 22, 2013 8:30pm Jan 22, 2013 8:30pm
why no good for shorts?


Quoting HelloOz
M15, no good for shorts.

http://fx2.it-finance.com/FXStreetFl...b756ca8d76.png
I don't trust any move - when you have profit...take it.
  • #25,466
  • Jan 22, 2013 8:31pm Jan 22, 2013 8:31pm
daily, 4 hour and 1 hour all agree with the current price direction.....

Quoting HelloOz
M15, no good for shorts.

http://fx2.it-finance.com/FXStreetFl...b756ca8d76.png
I don't trust any move - when you have profit...take it.
  • #25,467
  • Jan 22, 2013 8:33pm Jan 22, 2013 8:33pm
Quoting Faller
why no good for shorts?
it wants to go up..
  • #25,468
  • Jan 22, 2013 8:41pm Jan 22, 2013 8:41pm
wishing, wanting, hoping, thinking are interesting words......

I watch and react - what you saw on the 15 min was a pause and a pull back before the real move in the same direction as the first.

And if I am wrong - my profit has already been locked in - but that is how I read it.

Good Luck!


Quoting HelloOz
it wants to go up..
I don't trust any move - when you have profit...take it.
  • #25,469
  • Jan 22, 2013 8:47pm Jan 22, 2013 8:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD TEST LEVEL - 2013.01.23.jpg Size: 168 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #25,470
  • Jan 22, 2013 8:53pm Jan 22, 2013 8:53pm
Quoting DaddyBear
Although it was a strong move last night, a retracement is still needed before next big move can occur.
Nice call DaddyBear, thank you for pointing me in the right directions.

Did what I posted earlier, out now and looking.

3 waves down should get us to at least 50 since 38 is compromised. 61.8 would get us 1.045 level. Hmmmm.

Big demand zone at 50, after that, not much.

Apparently, INDI X is pointing up? For how long can it move against your indicator or is that just signaling a dead cat bounce?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #25,471
  • Jan 22, 2013 8:55pm Jan 22, 2013 8:55pm
I am in tough situation. I could close my both shorts and collect measly 5pips or hold until 50 and collect substantial more.
I have in my past as you all done on some point took profit early and only to realize PA went down and hit your TP if only you waited 5hrs more.
I am trying to overcome impulse take TP early.So waiting....for more liquidity.
For some reason I see 55 as a decision number.Above we go up below we go down to 50 for reload.
In trading, you have to be defensive and aggressive at the same time
  • #25,472
  • Jan 22, 2013 9:05pm Jan 22, 2013 9:05pm
Quoting Davit
I am in tough situation. I could close my both shorts and collect measly 5pips or hold until 50 and collect substantial more.
I have in my past as you all done on some point took profit early and only to realize PA went down and hit your TP if only you waited 5hrs more.
I am trying to overcome impulse take TP early.So waiting....for more liquidity.
For some reason I see 55 as a decision number.Above we go up below we go down to 50 for reload.

Looks to me 1.0495 is 61.8% of initial move and has already been violated, I would say probability would favor a retest and break.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #25,473
  • Jan 22, 2013 9:12pm Jan 22, 2013 9:12pm
Well I just closed my shorts for 24 pips -

You can always get back in if it breaks lower!

Cheers,

Faller


Quoting Davit
I am in tough situation. I could close my both shorts and collect measly 5pips or hold until 50 and collect substantial more.
I have in my past as you all done on some point took profit early and only to realize PA went down and hit your TP if only you waited 5hrs more.
I am trying to overcome impulse take TP early.So waiting....for more liquidity.
For some reason I see 55 as a decision number.Above we go up below we go down to 50 for reload.
I don't trust any move - when you have profit...take it.
  • #25,474
  • Jan 22, 2013 9:24pm Jan 22, 2013 9:24pm
As mentioned earlier, a third wave down is needed [regardless of the outcome of CPI]. Now we are seeing the third wave moving downward.

The question now is how far it may go. In fact, I saw a hidden bull this afternoon [US]. Even there is still room to drop, I think it may be limited.

I saw the broken 32.8% Fib and thought the retracement was incomplete. However, there must be a higher order to determine where the point of return is instead of the Fib.


Quoting Mr. Scott
Nice call DaddyBear, thank you for pointing me in the right directions.

Did what I posted earlier, out now and looking.

3 waves down should get us to at least 50 since 38 is compromised. 61.8 would get us 1.045 level. Hmmmm.

Big demand zone at 50, after that, not much.

Apparently, INDI X is pointing up? For how long can it move against your indicator or is that just signaling a dead cat bounce?
daddybearforex. com
  • #25,475
  • Jan 22, 2013 9:30pm Jan 22, 2013 9:30pm
Davit, this is what I have learned from my hard lessons before. If you are under the water, get out when the PA is coming to you the first time. Don't listen to the voice of waiting for more pips. There are always opportunities.

Quoting Davit
I am in tough situation. I could close my both shorts and collect measly 5pips or hold until 50 and collect substantial more.
I have in my past as you all done on some point took profit early and only to realize PA went down and hit your TP if only you waited 5hrs more.
I am trying to overcome impulse take TP early.So waiting....for more liquidity.
For some reason I see 55 as a decision number.Above we go up below we go down to 50 for reload.
daddybearforex. com
  • #25,476
  • Jan 22, 2013 9:39pm Jan 22, 2013 9:39pm
Quoting Mr. Scott
Nice call DaddyBear, thank you for pointing me in the right directions.

Did what I posted earlier, out now and looking.

3 waves down should get us to at least 50 since 38 is compromised. 61.8 would get us 1.045 level. Hmmmm.

Big demand zone at 50, after that, not much.

Apparently, INDI X is pointing up? For how long can it move against your indicator or is that just signaling a dead cat bounce?
Because My INDI X platform is EOD, I cannot check the real time chart now. However, for a 30 pips drop, it won't be able to alter the direction of daily INDI X. I'd say the main direction is still up even the retracement may be incomplete.
daddybearforex. com
  • #25,477
  • Jan 22, 2013 9:49pm Jan 22, 2013 9:49pm
From what I see now, there could be one more drop before a move up can occur. How far it will go down is depending on some factors. Among them, EWP will take leading role in this drama.
daddybearforex. com
  • #25,478
  • Jan 22, 2013 9:50pm Jan 22, 2013 9:50pm
Quoting DaddyBear
Davit, this is what I have learned from my hard lessons before. If you are under the water, get out when the PA is coming to you the first time. Don't listen to the voice of waiting for more pips. There are always opportunities.
Could not agree more with that sentiment. If you are losing and it comes back to you, close it. Can't say how many times I got greedy, wanted more pips, than it ran away from me.

Saw the bullish divergence today and very strong PA, just did not see it being able to break yet.

I am flat now, and looking.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #25,479
  • Jan 22, 2013 9:51pm Jan 22, 2013 9:51pm
Quoting DaddyBear
Because My INDI X platform is EOD, I cannot check the real time chart now. However, for a 30 pips drop, it won't be able to alter the direction of daily INDI X. I'd say the main direction is still up even the retracement may be incomplete.
Ok thank you.

Looking at weekly now.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #25,480
  • Jan 22, 2013 9:53pm Jan 22, 2013 9:53pm
http://t2.gstatic.com/images?q=tbn:A...yUQzJ09dDKFSoM
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