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  • #786,921
  • Apr 12, 2013 7:21am Apr 12, 2013 7:21am
Quoting vlady1974
It's triangulating so it's a good breakout pattern if you're scalping. Here's the 5M view {image}
Besides trianguloid, there is 3058 holding almost on all timeframes and just got broken by h4. Looks like a nice bearish setup. If it wasnt Friday and we werent this close to such an important ressistance. Gotta hate Fridays.
"I know one thing, that I know nothing." Sokrates
  • #786,922
  • Apr 12, 2013 7:23am Apr 12, 2013 7:23am
Personally I wouldn't scalp it.

Quoting msetai
yes this is what i was seeing as well, but can't decide if getting in before news is bad or good idea today, since there is so much coming out in the next 4 hours....
A pip is only worth it if you know how much you risked to earn it
  • #786,923
  • Apr 12, 2013 7:23am Apr 12, 2013 7:23am
Quoting Tom_D_Trader
Besides trianguloid, there is 3058 holding almost on all timeframes and just got broken by h4. Looks like a nice bearish setup. If it wasnt Friday and we werent this close to such an important ressistance. Gotta hate Fridays.

It's Friday, Friday
Gotta get down on Friday
Everybody's lookin' forward to the weekend, weekend
Friday, Friday
Gettin' down on Friday
Everybody's lookin' forward to the weekend


i think shes trying to say us something
How to Win at Sports Betting: DON'T DO IT!
  • #786,924
  • Apr 12, 2013 7:26am Apr 12, 2013 7:26am
Quoting EuroTraderJD
AMEN it is a bad policy to trade the news on what you think the news might be. It just bad to trade on what you think. I trade on what I see. I believe in FA but execute trades based on TA News is a catalyst
Amen.
Time turns trend. - W.D. Gann
  • #786,925
  • Apr 12, 2013 7:27am Apr 12, 2013 7:27am
Everybody's Working for the Weekend - Loverboy

Inserted Video
Trade smaller than rational because the market is irrational...
  • #786,926
  • Apr 12, 2013 7:28am Apr 12, 2013 7:28am
Quoting MaxDoom
that makes no sense at all - the data is US data so if it is bad and the market alters because of it the chances are the EU will go up not down
dont forget this quote
  • #786,927
  • Apr 12, 2013 7:29am Apr 12, 2013 7:29am
Gold / Silver / Oil getting crushed
Trade smaller than rational because the market is irrational...
  • #786,928
  • Apr 12, 2013 7:30am Apr 12, 2013 7:30am
Quoting vlady1974
Personally I wouldn't scalp it.
Just to add to this... if you were going to scalp to the short side, you might as well attempt a position play...... er kinda like now.
A pip is only worth it if you know how much you risked to earn it
  • #786,929
  • Apr 12, 2013 7:31am Apr 12, 2013 7:31am
Fok dat spike.

Inserted Video
"I know one thing, that I know nothing." Sokrates
  • #786,930
  • Apr 12, 2013 7:32am Apr 12, 2013 7:32am
Quoting Tom_D_Trader
Fok dat spike. http://www.youtube.com/watch?v=Rsa4HktvsU4
70-75 is not giving up so easily for now
COT: The precious data ignored
  • #786,931
  • Apr 12, 2013 7:32am Apr 12, 2013 7:32am
Nice PA long is ITM

For scalping the 5x15 and RSI3 on the 10M is the BOMB
Trade smaller than rational because the market is irrational...
  • #786,932
  • Apr 12, 2013 7:33am Apr 12, 2013 7:33am
Quoting De La Kritz
dont forget this quote
"NEVER RISK WHAT YOU CANT AFFORD TO LOSE.MONEY MANAGEMENT IS KEY. "

AMEN and AMEN

Words to live and trade by.. I do
Trade smaller than rational because the market is irrational...
  • #786,933
  • Apr 12, 2013 7:34am Apr 12, 2013 7:34am
good thing i didnt take that short would have been -20 easily
  • #786,934
  • Apr 12, 2013 7:34am Apr 12, 2013 7:34am
If it don't go up now ... 1.3000 and more down is for today because we will have correction in NY
  • #786,935
  • Apr 12, 2013 7:34am Apr 12, 2013 7:34am
PA is due to retail sales being worse than expected
Trade smaller than rational because the market is irrational...
  • #786,936
  • Apr 12, 2013 7:36am Apr 12, 2013 7:36am
Quoting Tom_D_Trader
Fok dat spike. http://www.youtube.com/watch?v=Rsa4HktvsU4
Great spike i may say
2013.04.12 15:30sellx.xx
eurusd1.30737/1.30840/1.30634/ 2013.04.12/ 15:30/ 1.30634
  • #786,937
  • Apr 12, 2013 7:36am Apr 12, 2013 7:36am
Quoting msetai
good thing i didnt take that short would have been -20 easily
When in doubt, don't trade. If you have reasons... then go with it.
It's better to be wrong (with controlled risk and MM) and have a reason than to be wrong and clueless as you wouldn't know what to correct or change.
A pip is only worth it if you know how much you risked to earn it
  • #786,938
  • Apr 12, 2013 7:38am Apr 12, 2013 7:38am
Quoting vlady1974
When in doubt, don't trade. If you have reasons... then go with it. It's better to be wrong (with controlled risk and MM) and have a reason than to be wrong and clueless as you wouldn't know what to correct or change.
AMEN

Its one thing to be lost and another thing to be lost at MACH 3 -"Boeing test pilot"
Trade smaller than rational because the market is irrational...
  • #786,939
  • Apr 12, 2013 7:39am Apr 12, 2013 7:39am
looks bull loosing grip , bear might take control , looks no trade for me today
Mohan
  • #786,940
  • Apr 12, 2013 7:41am Apr 12, 2013 7:41am
Quoting EuroTraderJD
AMEN Its one thing to be lost and another thing to be lost at MACH 3 -"Boeing test pilot"
Hahaha... and that's why I said I wouldn't scalp it as I had no idea what the news would do.

Still short for today and bull for next week though. But can someone get this cripple to give up on 55 already and head on down south!

EDIT: Come on EJ! Drag EU down!
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A pip is only worth it if you know how much you risked to earn it
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