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  • #786,801
  • Apr 12, 2013 3:35am Apr 12, 2013 3:35am
Quoting ec_creep
mine, for london open.. 3040, 3077, 3135, and 3204
so far, today's low is half-way between 3040 and 3077.
  • #786,802
  • Apr 12, 2013 3:47am Apr 12, 2013 3:47am
Okay... now behind a desk I can see what's happened.

My "Merlin Breakout" system I had actioned on at 6:30 instead of 7am, which is when the breakout happened. Had I been exactly mechanical, I would have caught the right price. That's been noted on the diary.

I'm doing the finer analysis on the 1H even though it's an EOD. So I still look at the Daily chart, but I use 1H closes to analyse entry/exits.
My chart shows that my 64 level which I used for my 2nd trade using this system, has stopped the fall. If it tests and fails, then it's a bottom in my book and I will place another LONG binary option.

My biggest challenge is predicting the time. Price is easy. Easier, I should say... since I don't have to worry about stop loss. What makes this different is that I have to judge the time that my direction bet will expire - hence it's an option. ATM, it's EOD but I have 1 trade in the money that I set 1 week ago that makes me think any price from 40 to 64 would be a good Week trade. Just thinking out loud.
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A pip is only worth it if you know how much you risked to earn it
  • #786,803
  • Apr 12, 2013 3:50am Apr 12, 2013 3:50am
Quoting SugarPink
Bulls still in control not over yet. But this move means weakness and people already covering longs or thinking about to cover. I would not be suprised to see a 1,31/3110 again
the formation you see on eu 1hr is a pointer to a strong sell/retracement, its not for one wave.1hr may ve more than one wave bearishly.
  • #786,804
  • Apr 12, 2013 3:50am Apr 12, 2013 3:50am
morning all
Trade What You See Not What You Want To See
  • #786,805
  • Apr 12, 2013 3:53am Apr 12, 2013 3:53am
Quoting pipsallday
morning all
Morning mate, how goes it?
A pip is only worth it if you know how much you risked to earn it
  • #786,806
  • Apr 12, 2013 3:54am Apr 12, 2013 3:54am
EJ: breaking of this levels than the next target is 128.40/50
Edit: 129.38 is the key
  • #786,807
  • Apr 12, 2013 3:58am Apr 12, 2013 3:58am
Ever been shouting "Cmon!" at zoomed 1 min chart? Better than football.
"I know one thing, that I know nothing." Sokrates
  • #786,808
  • Apr 12, 2013 3:58am Apr 12, 2013 3:58am
4h: clean trendline break & retest. atm further downside exposed, but important news outlets ahead in NY session.
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  • #786,809
  • Apr 12, 2013 3:59am Apr 12, 2013 3:59am
Quoting vlady1974
Morning mate, how goes it?
morning bud all is good
just in here
took a short at 71 TP 68 + 3 pips
watching 66 to 74 ATM
still think there's a bit to go to the down side yet
Trade What You See Not What You Want To See
  • #786,810
  • Apr 12, 2013 4:00am Apr 12, 2013 4:00am
Quoting Tom_D_Trader
Ever been shouting "Cmon!" at zoomed 1 min chart? Better than football.
sounds a lot like me
Trade What You See Not What You Want To See
  • #786,811
  • Apr 12, 2013 4:03am Apr 12, 2013 4:03am
Quoting pipsallday
morning bud all is good just in here took a short at 71 TP 68 + 3 pips watching 66 to 74 ATM still think there's a bit to go to the down side yet
missed the break of 66
Trade What You See Not What You Want To See
  • #786,812
  • Apr 12, 2013 4:03am Apr 12, 2013 4:03am
Quoting vlady1974
That's great for you. that was a great trade. I use EMAs so I'm not ignoring them. Daily had just cleared the 200EMA. I would have taken if I was trading intraday. But I'm not. I'm working on EOD system which I'm designing with Binary Options. So currently I'm out of the money. Clearly I have some tweaks to do. But I'm still biased long. I'll take today as a retracement
morning vlady did you catch the hourly chart I posted for you yesterday?

http://www.forexfactory.com/showthre...12#post6596312

it seems to be holding up nicely
  • #786,813
  • Apr 12, 2013 4:09am Apr 12, 2013 4:09am
sliding lower the markets in general.
yesterdays low 13042
rat
  • #786,814
  • Apr 12, 2013 4:23am Apr 12, 2013 4:23am
Quoting gatorinla
3038 is a bear target if we dont make a hh
almost there, a bounce is normal after (at some point).. the sequence was posted.
those who can, do. those who cant, talk about those who can
  • #786,815
  • Apr 12, 2013 4:23am Apr 12, 2013 4:23am
Quoting MaxDoom
so why put your stop 20 pips below this, if you know that you are wrong below 3020 ?


To allow it some breathing space.
Greed and impatience are our greatest enemies.
  • #786,816
  • Apr 12, 2013 4:24am Apr 12, 2013 4:24am
Vol is too high on lower tf to sustain new legs down, some retracement needed....near 60 for a start

But 5mn is full of red
COT: The precious data ignored
  • #786,817
  • Apr 12, 2013 4:30am Apr 12, 2013 4:30am
Quoting gatorinla
#3 3001 #4 2996 #5 2975 #6 2950 #7 2928 #8 2892 #9 2880 #10 ? void with hh looking for bull tracks,, to know s/l. to target 3038
sequence after 3038,, will post a possible bull soon, the 50% mark of it may be a good place to enter toward #3..
those who can, do. those who cant, talk about those who can
  • #786,818
  • Apr 12, 2013 4:30am Apr 12, 2013 4:30am
And I think we did the low of the day
"You're solid gold, see you in hell"
  • #786,819
  • Apr 12, 2013 4:30am Apr 12, 2013 4:30am
This is good place to enter long ?
  • #786,820
  • Apr 12, 2013 4:33am Apr 12, 2013 4:33am
Loaded like a truck, getting heartattack, risk 0,65%. I really wonder how can you scalpers be entering every day. I wouldnt survive it. Going to have a shower.
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"I know one thing, that I know nothing." Sokrates
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