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  • #786,261
  • Apr 11, 2013 4:16am Apr 11, 2013 4:16am
Quoting P.Action
my tp 3093. bounce from 3092 i dislike this too much i wont be suprised if my SL 3064 hits. it is my fate i think (murphy laws)
Very bad PA today and no clean direction....bad day.
It's good to scalp....but i'll buy only for now
COT: The precious data ignored
  • #786,262
  • Apr 11, 2013 4:17am Apr 11, 2013 4:17am
Check last m15 candle. Is it called pinbar or what?
"I know one thing, that I know nothing." Sokrates
  • #786,263
  • Apr 11, 2013 4:18am Apr 11, 2013 4:18am
Quoting MaxDoom
anything thing up to 1.324x is just setting up a better short entry for me, it should be fairly tough to get through zone 3130/50 if it makes it there. currently short just below the high today

I'll think about short for a descent move down only if there is a move above 1,3110...and it'll become interesting above 1,3160
COT: The precious data ignored
  • #786,264
  • Apr 11, 2013 4:26am Apr 11, 2013 4:26am
Quoting Cjh
Apologies for the chart quality, it's my first. Looking at the 4 HR - I'm seeing a downtrend from 1st Feb (1.37105) to 4th April (1.27460) and Fib 38.2% has provided resistance. The trend maybe continuing. Trade safe my friend. {image}
Hey Cjh.
Thanks for the Chart... looks good actually.
Yes, I am aware of the Weekly and Daily Trend timeframe which also shows the 38 Fib.
My trigger however, isn't Fibs, it's the crossover of EMA200 on the daily. I think that if it wanted to reverse, it would do it via a pump and dump which could spike prices to 3160 or 3190 where I have a target short.

If you take rough fibs, 38FIB - 50FIB is 3122 and 3233. Mid is 3178. My targets 3160 and 3190... mid = 3175.
So my plan is a LONG from current prices towards 3160-3190.
I'm also testing a different trade platform, so I don't have to calculate stop loss. Just time. (Binary Options).

But thanks for the input... it helps keep things in check and in perspective!
A pip is only worth it if you know how much you risked to earn it
  • #786,265
  • Apr 11, 2013 4:27am Apr 11, 2013 4:27am
Decent auction out of Italy, but its also shows not too little risk is being priced in. Just like eurusd right now.
"You're solid gold, see you in hell"
  • #786,266
  • Apr 11, 2013 4:28am Apr 11, 2013 4:28am
Quoting MaxDoom
anything thing up to 1.324x is just setting up a better short entry for me, it should be fairly tough to get through zone 3130/50 if it makes it there. currently short just below the high today
to get to these,,, a drop to 2875 for 3240 or 2975 for 3194 can happen first, if the current high holds a while. the mirror is an = distance below 2875 (3243) or 2975 (3194).
those who can, do. those who cant, talk about those who can
  • #786,267
  • Apr 11, 2013 4:30am Apr 11, 2013 4:30am
Quoting gatorinla
to get to these,,, a drop to 2875 for 3240 or 2975 for 3194 can happen first, if the current high holds a while.
That was the original plan this week... but somehow I've changed opinion on it since 3064 held. Still want 3190 though.
A pip is only worth it if you know how much you risked to earn it
  • #786,268
  • Apr 11, 2013 4:32am Apr 11, 2013 4:32am
Quoting Tom_D_Trader
Sisse was helping me a lot in this way. He helped me the most of all people I´ve ever met. I am really sad he wants to leave. Maybe he already left. Hope he will change his mind and come back. I also liked Cloggs a lot, but he is long gone too. Really sad. Hope new wave of fundamental analysts finds their way into these sites.
biggest problem is most of the traders don't understand fundamental (i try to learn almost 2 years still in kindergarten level) and fundamental have no use for scalping . may be fundamentalist should have disclaimer saying "my view not applicable for scalping & short term traders"
Mohan
  • #786,269
  • Apr 11, 2013 4:33am Apr 11, 2013 4:33am
general rule of thumb:
if many people here say it's a short, then it will be long



I'm in that "many people"
back... and more dangerous.
  • #786,270
  • Apr 11, 2013 4:35am Apr 11, 2013 4:35am
Quoting gatorinla
we are on the same page.. 3194 ish is there too
Quoting gatorinla
to get to these,,, a drop to 2875 for 3240 or 2975 for 3194 can happen first, if the current high holds a while. the mirror is an = distance below.
all works for me, and all the better when our numbers align



Quoting kuroro001
I'll think about short for a descent move down only if there is a move above 1,3110...and it'll become interesting above 1,3160
above the current high I would have to wait at least until that 3130/50 zone but right now happy being short just below the hgh, see how far it gets

and nice to see you back around
  • #786,271
  • Apr 11, 2013 4:36am Apr 11, 2013 4:36am
Quoting KiwiTrada
yep teflon tiger, unbelievable, fuk trollop has stopped me twice today,diddnt even get a look in, two times to many
i can't throw any more money on kiwi but like to see climax for this bull. let know if you seen any bear
Mohan
  • #786,272
  • Apr 11, 2013 4:37am Apr 11, 2013 4:37am
Quoting mohan76
biggest problem is most of the traders don't understand fundamental (i try to learn almost 2 years still in kindergarten level) and fundamental have no use for scalping . may be fundamentalist should have disclaimer saying "my view not applicable for scalping & short term traders"
Sounds great in theory, but a fundamental trader needs weeks- and months-long patience, combined with nerves and leverage to sit in the negative through 500-1000 pip losses.
Unlike Newton's laws of physics, a trend will continue trending until it changes itself - fundamental news only create speculative spikes
"Luxury is one of the basic needs", (c), Don Corleone
  • #786,273
  • Apr 11, 2013 4:38am Apr 11, 2013 4:38am
off-topic - I have just looked at monthly GBP/USD.

To put it in short words, I won't be looking for any shorts in that pair
"Luxury is one of the basic needs", (c), Don Corleone
  • #786,274
  • Apr 11, 2013 4:42am Apr 11, 2013 4:42am
Quoting mohan76
"my view not applicable for scalping & short term traders"
Lol, yep, I am totally useless for intraday trading . Tried it once. Backtested superduper scapling system based on few SMAs, Stochastic and MACD on pre 2008 data. That was my first account in 2008 btw. So, I started to trade . And those damn indicators were stil screaming, buy it Tom, buy it, so I did. Well, that was long ago and that account obviously burned. Lesson learned.
"I know one thing, that I know nothing." Sokrates
  • #786,275
  • Apr 11, 2013 4:43am Apr 11, 2013 4:43am
s 3086.. stops above 92
those who can, do. those who cant, talk about those who can
  • #786,276
  • Apr 11, 2013 4:43am Apr 11, 2013 4:43am
Quoting kbp
general rule of thumb: if many people here say it's a short, then it will be long I'm in that "many people"
What do you mean by here? FF or This thread or Market
  • #786,277
  • Apr 11, 2013 4:44am Apr 11, 2013 4:44am
Quoting Firstboss
Sounds great in theory, but a fundamental trader needs weeks- and months-long patience, combined with nerves and leverage to sit in the negative through 500-1000 pip losses. Unlike Newton's laws of physics, a trend will continue trending until it changes itself - fundamental news only create speculative spikes
i am technical (hit run ) trader , but i like to have fundamentalist views when i trade it's save us from repeat s/l

one news (some exception apply ) can't change fundamental
Mohan
  • #786,278
  • Apr 11, 2013 4:45am Apr 11, 2013 4:45am
Quoting Tom_D_Trader
Lol, yep, I am totally useless for intraday trading . Tried it once. Backtested superduper scapling system based on few SMAs, Stochastic and MACD on pre 2008 data. That was my first account in 2008 btw. So, I started to trade . And those damn indicators were stil screaming, buy it Tom, buy it, so I did. Well, that was long ago and that account obviously burned. Lesson learned.
I think, here is how we can agree on the fundamental vs. technical view: you first create a fundamental bias, and then trade ONLY when technical indicators point in the same direction as fundamentals
"Luxury is one of the basic needs", (c), Don Corleone
  • #786,279
  • Apr 11, 2013 4:49am Apr 11, 2013 4:49am
Quoting mohan76
i can't throw any more money on kiwi but like to see climax for this bull. let know if you seen any bear

was always on the cards for both ways, was good resistance, breakout was strong but rejection would have been just as strong, my trades the ink didnt even get time to dry and were clipped

only thing keeping my week from being a shit week is geppy ej and swissy longs, even those are starting to struggle, I am saving my pennies for "May" bro
If you are new to Forex? Say Goodbye to your account!!
  • #786,280
  • Apr 11, 2013 4:51am Apr 11, 2013 4:51am
Quoting KiwiTrada
was always on the cards for both ways, was good resistance, breakout was strong but rejection would have been just as strong, my trades the ink didnt even get time to dry and were clipped only thing keeping my week from being a shit week is geppy ej and swissy longs, even those are starting to struggle, I am saving my pennies for "May" bro
yes i can't forget last may
Mohan
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