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  • #34,741
  • Feb 14, 2013 7:49am Feb 14, 2013 7:49am
Quoting stevewalker
4H
yes xandi
seems like we have a bottom here
Sitting on the 30min channel-line. But i'm not suprised If we go a big further down near 3275 where the 4h and daily uptrend TL is and also 61,8 fib-retrace + daily channel-line as posted in the morning here.
As seen on current chart 30 min stoch is printing a bear div, that could take us there.
Attached Image (click to enlarge)
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  • #34,742
  • Feb 14, 2013 7:51am Feb 14, 2013 7:51am
Quoting Miguel.N
thanks bro, but at this level i will say more side ways and down closer to 1.32, for now i will subject to trade down or wait friday !?
bro, depends on strategy..if you are scalping or long term...for example, on EurJpy, on 2h/4hTF, you can see an Inverted Head and Shoulder, and for instance, the first shoulder which was at 124.00 was today touched and bounced up immediatly...on eur quite the same...if I see near 124.10 I´ll enter long, if I see below 123.5 only there I start to think short...On EurUsd the same...Of course if I was trading asia or UK open, I would not thinking in long, quite the opposite, as you can see my yesterday posts...
  • #34,743
  • Feb 14, 2013 8:07am Feb 14, 2013 8:07am
Hello,
an update on the daily chart for the Euro FX futures:

http://www.forexfactory.com/attachme...1&d=1360850556

The iffy 1.3360 level did not hold and it is now possible for the Euro to keep moving lower into the 1.3200 area. We go back to Friday the 12th scenario.

There are two possible moves unfolding in my opinion:

Scenario 1. Price moves into the 1.3200 area and then starts its move higher into the 1.39s

Scenario 2. Price breaks the 1.3200 area and bounces in the next extension short around 1.3230 (this level may slighly change) only to continue lower into 1.2900

I will record a video later on.
Safe trading.
"markets traded by programs/HFT offer a significant trading edge..."
  • #34,744
  • Feb 14, 2013 8:19am Feb 14, 2013 8:19am
Morning from sunny Bahamas.

Looks like i ain't the only one did not get enuff sleep last nite: Steve, MOkone1, I maybe got 5hours, ... this selloff looks enticing, wish i could have sold, still long from my orginal position. Looking for S@ 3250'S then a CH S@3170...

I may consider adding more longs if it touches any two points...
Attached Image (click to enlarge)
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  • #34,745
  • Feb 14, 2013 8:22am Feb 14, 2013 8:22am
Quoting Lucrativ
Morning from sunny Bahamas. Looks like i ain't the only one did not get enuff sleep last nite: Steve, MOkone1, I maybe got 5hours, ... this selloff looks enticing, wish i could have sold, still long from my orginal position. Looking for S@ 3250'S then a CH S@3170...

I may consider adding more longs if it touches any two points...
Good evening from Snowy and Cold Estonia When I look at my chart then 3250 would be ideal place for me to go long, below that I would get nervous.
  • #34,746
  • Feb 14, 2013 8:24am Feb 14, 2013 8:24am
guys
one thing for sure
as posted earlier US is not defending any more
  • #34,747
  • Feb 14, 2013 8:27am Feb 14, 2013 8:27am
guys
eyes out of order
actually dark red

not trading today
will have some rest

trade well
  • #34,748
  • Feb 14, 2013 8:27am Feb 14, 2013 8:27am
Quoting mok1one
Good evening from Snowy and Cold Estonia When I look at my chart then 3250 would be ideal place for me to go long, below that I would get nervous.
yea, I will admit that below 3250, i will be nervous and tempted to bail out, even though i will still be up 200+ pips, but from my lessons learned last year, patience in these markets is a true psycological battle few of us win...
  • #34,749
  • Feb 14, 2013 8:28am Feb 14, 2013 8:28am
Quoting stevewalker
guys
eyes out of order
actually dark red

not trading today
will have some rest

trade well
peace out Steve, it's valentines day here, so got a long day ahead of me..
  • #34,750
  • Feb 14, 2013 8:30am Feb 14, 2013 8:30am
Quoting xandi
bro, depends on strategy..if you are scalping or long term...for example, on EurJpy, on 2h/4hTF, you can see an Inverted Head and Shoulder, and for instance, the first shoulder which was at 124.00 was today touched and bounced up immediatly...on eur quite the same...if I see near 124.10 I´ll enter long, if I see below 123.5 only there I start to think short...On EurUsd the same...Of course if I was trading asia or UK open, I would not thinking in long, quite the opposite, as you can see my yesterday posts...
i understand, i personaly always try to look long term trend, i am so busy that i can not watch allway chart, i make sure about the trend and then i enter buy or sell and let go, so it's more long therm like you say(but daily)... like now it may bounce to 1.335, i prefere to wait when it reach this level and sell again...
  • #34,751
  • Feb 14, 2013 8:32am Feb 14, 2013 8:32am
Quoting Lucrativ
yea, I will admit that below 3250, i will be nervous and tempted to bail out, even though i will still be up 200+ pips, but from my lessons learned last year, patience in these markets is a true psycological battle few of us win...
This is true. Patiance is the key. With the small sleep I got last night i made a huge mistake and didn't wait. EJ entered short. Got some 2 figure pips and then it game back 2/3rd of it. macd showed me 0 line cross and though a PB is coming. Took my short off and entered long, to get the PB (how stupid of me, tradin against the trend), 2 min after i entered long there was a ~40 pip downcandle and exited. Lesson for me and possibly to others - don't trade against the trend a be patient .
  • #34,752
  • Feb 14, 2013 8:39am Feb 14, 2013 8:39am
...and now the trend is down, right?
  • #34,753
  • Feb 14, 2013 8:51am Feb 14, 2013 8:51am
Lol
Massive drop, I was out today and missed action. 33 was expected but not that much and not that quickly,
  • #34,754
  • Feb 14, 2013 8:53am Feb 14, 2013 8:53am
Quoting rgozzani
...and now the trend is down, right?
yes, the trend is down, and the lesson Mokone1 is saying is right. But there is short term, long term trends, its key to identify which one you will be trading..
  • #34,755
  • Feb 14, 2013 8:59am Feb 14, 2013 8:59am
Quoting Lucrativ
yes, the trend is down, and the lesson Mokone1 is saying is right. But there is short term, long term trends, its key to identify which one you will be trading..
AMEN
Trade smaller than rational because the market is irrational...
  • #34,756
  • Feb 14, 2013 9:02am Feb 14, 2013 9:02am
Quoting rgozzani
...and now the trend is down, right?

Well, I am not sure about that. As I know at 80 to 90% the market is ranging. Also depends on the time frame you look at. I think it will retest 3700 soon, but can't really believe it, it's just possibility.
  • #34,757
  • Feb 14, 2013 9:06am Feb 14, 2013 9:06am
Quoting xandi
my friends!!! how´re you doing!!! Thodie, I see we are gainning a smile!!! you look beautiful with it!!

Bro´s, looking to Eur pairs, the bottom for today is created...at this point, I´m only trying to long, again...Eu 1.3325, EJ 124.12...
how are you doing?

hehe, more than a smile i made 25% of my 2013 profit in the last 17h was a good run. Ok, i see i have to come down 2h of sleeping aren´t enough!

there is something wrong with me, everywhere i look i see diagonals, triangles

Disclaimer: i´m short!
Attached Image (click to enlarge)
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just do it
  • #34,758
  • Feb 14, 2013 9:08am Feb 14, 2013 9:08am
EJ broke 12400...
Disclaimer: I'm still new to forex
  • #34,759
  • Feb 14, 2013 9:08am Feb 14, 2013 9:08am
Quoting rgozzani
...and now the trend is down, right?
yes, the down trend started last thursday.
  • #34,760
  • Feb 14, 2013 9:11am Feb 14, 2013 9:11am
Quoting thodie
how are you doing?

hehe, more than a smile i made 25% of my 2013 profit in the last 17h was a good run. Ok, i see i have to come down 2h of sleeping aren´t enough!

there is something wrong with me, everywhere i look i see diagonals, triangles

Disclaimer: i´m short!

Nice work my friend. Hope that r/r is under control.

I know the feeling, sometimes I look at people and see charts, but at least it makes sense as people are put together by fib sequence.
The world you desire can be won. It exists.. it is real.. it is possible..
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