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  • #753,921
  • Feb 4, 2013 10:49am Feb 4, 2013 10:49am
Now that I've had a chance to step back a bit I can see this forming into a left shoulder, with the current down move finishing around 475. That implies 3927 as a high.
A pip is only worth it if you know how much you risked to earn it
  • #753,922
  • Feb 4, 2013 10:51am Feb 4, 2013 10:51am
Quoting Vectamart
You mean support, surely? I can see it dropping down to S2 at 1.350x before it reverses. Staying away until I can be more confident as to where it's going.
Oops, yes, sorry - been a long day at work as well as watching this little beggar!
  • #753,923
  • Feb 4, 2013 10:52am Feb 4, 2013 10:52am
Quoting jema
going to be bullish...
http://i48.tinypic.com/dxfgg7.gif
maybe if enough are using that same ma.
those who can, do. those who cant, talk about those who can
  • #753,924
  • Feb 4, 2013 10:55am Feb 4, 2013 10:55am
Looking for a bounce at 1.3518
The Thief of Wall Street
  • #753,925
  • Feb 4, 2013 10:55am Feb 4, 2013 10:55am
Looks like it's going to hit the 1.3500 level after all. For those who trade using THV, we're approaching the H4 Coral (1.3490) and if it holds we should get a nice up swing
  • #753,926
  • Feb 4, 2013 10:55am Feb 4, 2013 10:55am
Quoting vdeluca
Pretty shitty 100 pip profit vanished on Tuesday. Re-entered long; up 75 pips -- that vanished as well. Then entered short @ 1914. Stopped out @1944 for another 30 pip hit. I cannot afford to keep allowing profitable trades turn into losses, waiting for the 150 pip target according to the 5MFX system. From now on I am going to have to start taking profits whenever I have them.
Trail your stops or scale out - at least you'll lock something in.
When the facts change I change my mind, what do you do sir
  • #753,927
  • Feb 4, 2013 10:57am Feb 4, 2013 10:57am
Hi,
@ paw paw would like to direct your attention to the pinbar on the daily of Eur/Usd. Maybe it was not the right time to go short!!
Do let me know how your trade worked out.

TradeCuts
  • #753,928
  • Feb 4, 2013 11:02am Feb 4, 2013 11:02am
Quoting Vectamart
You mean support, surely? I can see it dropping down to S2 at 1.350x before it reverses. Staying away until I can be more confident as to where it's going.
Don't blame you - having just sailed through and bouncing around 3525, my next support is 3492 and frankly I can't see any reason why it wouldn't go down there. There's nothing in the way and the PA doesn't seem to be saying much different. Or am I missing something else?
  • #753,929
  • Feb 4, 2013 11:07am Feb 4, 2013 11:07am
Quoting Devonsent
Don't blame you - having just sailed through and bouncing around 3525, my next support is 3492 and frankly I can't see any reason why it wouldn't go down there. There's nothing in the way and the PA doesn't seem to be saying much different. Or am I missing something else?
yes, you are ...................................... 1.4200
The Thief of Wall Street
  • #753,930
  • Feb 4, 2013 11:10am Feb 4, 2013 11:10am
Quoting Chicky
yes, you are ...................................... 1.4200
Sorry Chicky, I don't understand . . .
  • #753,931
  • Feb 4, 2013 11:15am Feb 4, 2013 11:15am
Quoting yelena
....

but here we are and i have never seen a DSS like this before. taking out all longs on ej and eu. now would be the time i would say "becareful with the longs" on eu and ej..

told you to be careful with the longs... of course i was one of those who got sidelined while all of you where getting 200+ during friday's bull run

and guilty of fading that 3700 too.. with ice-cold hands (and some cheering squad from irene)

nevertheless, there are multiple supply/support at s2. ATR maybe at 150% by then, which would be a better place to long, imho. closing all positions here. no real technical reason, just tired and in black, no need to be greedy.

we would probably be just ranging this week (200pips range) but still bullish for eu and ej til may 2013.

goodnight and good luck folks.
Attached Image
  • #753,932
  • Feb 4, 2013 11:16am Feb 4, 2013 11:16am
Wow... Was definately not expecting this much of down move seeing as I saw this as "CounterTrend". Part of the learning process hey! 1st long was part of my system but current long was catching a falling knife. Good MM is only way to survive days like these ;-) still in but not sure for how long!
@pawpaw1000 on Twitter
  • #753,933
  • Feb 4, 2013 11:22am Feb 4, 2013 11:22am
Quoting Devonsent
Sorry Chicky, I don't understand . . .
you may like to ride until 1.4200 from here or any level above 1.3200
The Thief of Wall Street
  • #753,934
  • Feb 4, 2013 11:22am Feb 4, 2013 11:22am
Quoting Chicky
yes, you are ...................................... 1.4200
Would you explain this, please, Chicky?
  • #753,935
  • Feb 4, 2013 11:25am Feb 4, 2013 11:25am
Quoting Chicky
you may like to ride until 1.4200 from here or any level above 1.3200
Sorry, posts crossed.

I agree that it shold be going back up - right up - but atm isn't it a matter of looking for the right entry point? Either that or having a feckin' great SL built in, but that pre-supposes either a large account, low margins or (in my case) rank stupidity! I'm just not good enough yet to identify the correct entry.
  • #753,936
  • Feb 4, 2013 11:28am Feb 4, 2013 11:28am
LOL now we have another shouter after the facts
  • #753,937
  • Feb 4, 2013 11:31am Feb 4, 2013 11:31am
Quoting Ken A
LOL now we have another shouter after the facts
Perhaps you should qualify that . . .
  • #753,938
  • Feb 4, 2013 11:38am Feb 4, 2013 11:38am
Quoting Ken A
Oh why you feel that, not talking about you
I'm sure you're not, as I didn't suggest anything but it would only be reasonable to cticise if you were upfront about who you were criticising . . . wouldn't it?
  • #753,939
  • Feb 4, 2013 11:41am Feb 4, 2013 11:41am
expect a new low before bulliah retracemet.
  • #753,940
  • Feb 4, 2013 11:45am Feb 4, 2013 11:45am
4Hours
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