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  • #790,341
  • Apr 22, 2013 1:48am Apr 22, 2013 1:48am
today eur rise will most likely be backed up other majors falling, no way it goes bellow 1.3
  • #790,342
  • Apr 22, 2013 2:10am Apr 22, 2013 2:10am
Good morning, or whatever you have,

seems we are starting with retest of that March open at 3074, again, so still the same. Bulls are pressing in last minutes, but I dont think we will make it further than 309. Imo H4 will not close above 3074. Lets wait.

GL this week,

T
"I know one thing, that I know nothing." Sokrates
  • #790,343
  • Apr 22, 2013 2:26am Apr 22, 2013 2:26am
Quoting Tom_D_Trader
Good morning, or whatever you have, seems we are starting with retest of that March open at 3074, again, so still the same. Bulls are pressing in last minutes, but I dont think we will make it further than 309. Imo H4 will not close above 3074. Lets wait. GL this week, T

Morning,

Hard to say where we will close, but i'll buy dips for now.

Bullish above this 1,3045-50 area.

Possible retest of 1,3090-1,3100 unless we head for another test of 7x and bounce off it, then i may change my view.

Still waiting though as i hate mondays
COT: The precious data ignored
  • #790,344
  • Apr 22, 2013 2:34am Apr 22, 2013 2:34am
Watch out, while beeing bullish mate, that Sichuan is imo quite a big deal. It affected like 100K people and mining was halted in whole province. Gold and silver looking great so far, but copper heavy down and oil ranging. Imo those commodities could fall and drag us down.
"I know one thing, that I know nothing." Sokrates
  • #790,345
  • Apr 22, 2013 2:36am Apr 22, 2013 2:36am
Quoting hadox
morning everyone on the euro i have a limit at 1.306x and a stop at 1.304x keeping an eye at dax and cable too.. gl trading today
stopped -15...
Patience is a virtue...
  • #790,346
  • Apr 22, 2013 2:41am Apr 22, 2013 2:41am
Quoting Tom_D_Trader
Watch out, while beeing bullish mate, that Sichuan is imo quite a big deal. It affected like 100K people and mining was halted in whole province. Gold and silver looking great so far, but copper heavy down and oil ranging. Imo those commodities could fall and drag us down.
Looks like it indeed, but i'm still waiting for a big buy

Waiting for the 5mn to turn up
COT: The precious data ignored
  • #790,347
  • Apr 22, 2013 2:44am Apr 22, 2013 2:44am
Quoting kuroro001
{quote} Looks like it indeed, but i'm still waiting for a big buy Waiting for the 5mn to turn up
Hah. I am waiting for superbuy . I will literally go allin when/if we get to ,291. Hope it all goes well.
"I know one thing, that I know nothing." Sokrates
  • #790,348
  • Apr 22, 2013 2:51am Apr 22, 2013 2:51am
Quoting Tom_D_Trader
{quote} Hah. I am waiting for superbuy . I will literally go allin when/if we get to ,291. Hope it all goes well.
For a reason i don't know, i've got my eyes on 1,3150 for now.....don't know if it will last, but today i am

I have to admit i have been eyeing 1,292x for quite some time.

I won't have the guts to go all in, but i may follow you
COT: The precious data ignored
  • #790,349
  • Apr 22, 2013 2:52am Apr 22, 2013 2:52am
Back at it. Another week.
  • #790,350
  • Apr 22, 2013 3:01am Apr 22, 2013 3:01am
,315 wouldnt be good for me right now. Just later, after ,291 bounce . Now would be double top and we could see bearish monthly resume. Its not like I was going to enjoy that ,291 entry, actually I am quite scared, as usuall . And when it goes against me, it seriously hurts. But I have to go allin, as I am making base for like half a year lasting trade. In my trading plan, first entry has to be huge, cause I will be taking partial profits whole way up, while reloading minilongs to remain on same leverage. Btw, when I say allin, for me, its 6:1. I can go up to 8:1 if chart allows.
"I know one thing, that I know nothing." Sokrates
  • #790,351
  • Apr 22, 2013 3:04am Apr 22, 2013 3:04am
Quoting hadox
{quote} took a short at cable 1.523x edit: stop at 1.525x..
keeping a close eye on 1.524x in case we close above the level..
Patience is a virtue...
  • #790,352
  • Apr 22, 2013 3:07am Apr 22, 2013 3:07am
No, we wont close above ,524, cause I still didnt cover our short.

Kiwi, youŽd better tell me where to cover, afterall, half is yours
"I know one thing, that I know nothing." Sokrates
  • #790,353
  • Apr 22, 2013 3:09am Apr 22, 2013 3:09am
Quoting Tom_D_Trader
,315 wouldnt be good for me right now. Just later, after ,291 bounce . Now would be double top and we could see bearish monthly resume. Its not like I was going to enjoy that ,291 entry, actually I am quite scared, as usuall . And when it goes against me, it seriously hurts. But I have to go allin, as I am making base for like half a year lasting trade. In my trading plan, first entry has to be huge, cause I will be taking partial profits whole way up, while reloading minilongs to remain on same leverage. Btw, when I say allin, for me, its 6:1....
everyone has their own trading plans, but a little friendly advice, "bottoms" take longer to form than "tops" my guess you are expecting a bottom to form at your levels quoted

with this in mind, rather than put a lot at risk trying to pick a bottom, why not build your position as the bottom is also forming, this process will allow multiple smaller entries, and even partialing each entry to continuously cover you sl risk / exposure

medium long term trades ae rarely big anchor trades, for me as bear yes I can get better opportunities as top form quicker, but medium - long term trades require as much if not more patience, and planning than daytrading,

not saying you are wrong, just friendly advice
If you are new to Forex? Say Goodbye to your account!!
  • #790,354
  • Apr 22, 2013 3:10am Apr 22, 2013 3:10am
Quoting Tom_D_Trader
,315 wouldnt be good for me right now. Just later, after ,291 bounce . Now would be double top and we could see bearish monthly resume. Its not like I was going to enjoy that ,291 entry, actually I am quite scared, as usuall . And when it goes against me, it seriously hurts. But I have to go allin, as I am making base for like half a year lasting trade. In my trading plan, first entry has to be huge, cause I will be taking partial profits whole way up, while reloading minilongs to remain on same leverage. Btw, when I say allin, for me, its 6:1....
I guess what is not good for you, is good for someone else, and vice versa

I'd need another touch of 1,3200 and a rejection off it to short for a monthly resume, which mean i'll forget about this 1,2900 area (if 1,3200 comes before 1,2900)

Going short or long is not scaring me anymore, i'm done trading with heart

So yes i understand your all-in, so it's not like going with your whole account and after 50 pips against you it's over.
COT: The precious data ignored
  • #790,355
  • Apr 22, 2013 3:17am Apr 22, 2013 3:17am
Quoting Tom_D_Trader
No, we wont close above ,524, cause I still didnt cover our short. Kiwi, youŽd better tell me where to cover, afterall, half is yours

hahaha your risk your reward

I am still alive but I have hedged. I used "my" anchor to cover a long, and I have added another short 8 hrs ago and she has just ping ponged between both trades, my 2 trades todays, neither earn or lose (except spread / slip) my reward will be if the floor opens up. purple box posted 2weeks ago still target there is a plan in there just a little hard to see it
Attached Image (click to enlarge)
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If you are new to Forex? Say Goodbye to your account!!
  • #790,356
  • Apr 22, 2013 3:21am Apr 22, 2013 3:21am
Quoting KiwiTrada
{quote} everyone has their own trading plans, but a little friendly advice, "bottoms" take longer to form than "tops" my guess you are expecting a bottom to form at your levels quoted with this in mind, rather than put a lot at risk trying to pick a bottom, why not build your position as the bottom is also forming, this process will allow multiple smaller entries, ...
Well, thats actually what I am doing mate . I will be doing exactly as you said, just later. Making multiple small entries to raise exposure. There is just this one but here. But the first entry has to be huge, cause I think market will not retest this zone again. It is just the first one. I am actually quite patient. You see, I ve been waiting for retest of monthly zone ,2666 - ,32 for like three months. Now we are finally here and had first bounce of zone forming final low @ ,278. Now imo we are going to run down to retest that low, which will result in breaking pattern - chop zone for next week or two. I think it will be trianguloid capped by range ,291 - ,312.

So, what I am trying to achieve now, is just to have perfect start of trade for which I ve been waiting for very long. Big deal for me.

T
"I know one thing, that I know nothing." Sokrates
  • #790,357
  • Apr 22, 2013 3:21am Apr 22, 2013 3:21am
Quoting KiwiTrada
{quote} hahaha your risk your reward I am still alive but I have hedged. I used "my" anchor to cover a long, and I have added another short 8 hrs ago and she has just ping ponged between both trades, my 2 trades todays, neither earn or lose (except spread / slip) my reward will be if the floor opens up. purple box posted 2weeks ago still target there is a plan in there just a little hard to see it {image}

kiwi ,

how about euro weekly H & S , does it need some more ranging candle or good to go ? i guess 4h s&h turn into middle finger
Mohan
  • #790,358
  • Apr 22, 2013 3:28am Apr 22, 2013 3:28am
Quoting KiwiTrada
{quote} hahaha your risk your reward ....
RR 10:1, no problem . I really had to laugh after that downgrade. Y, its pocket change, but growing well. Gotta love that trade.

Edit: now I see, you were talking about something else and not RR. I aint risking my reward. I have entered 2 trades! Woo. One is already closed for a bag of weed. Beers are running .
"I know one thing, that I know nothing." Sokrates
  • #790,359
  • Apr 22, 2013 3:41am Apr 22, 2013 3:41am
hmmmm, what now?? up or down?? i prefered up, because i have long in 1,3136, still :-(
  • #790,360
  • Apr 22, 2013 3:43am Apr 22, 2013 3:43am
Free fall is the sign of bear.
Reverse attempt from 305x was totally worthless so bull trapped.

EDIT: I will check 3020 behave
You cannot learn better without losing
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