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  • #791,581
  • Apr 25, 2013 7:45am Apr 25, 2013 7:45am
I was looking to short at any price above 1.31 but there are too much risks to have a high leverage position there.. I don't know yet
"You're solid gold, see you in hell"
  • #791,582
  • Apr 25, 2013 7:46am Apr 25, 2013 7:46am
Quoting ForExtraPips
short @ 1.3083 sl @ 1.3095 tp @ 1.3028 {image}
some retracement be careful
  • #791,583
  • Edited 7:52am Apr 25, 2013 7:46am | Edited 7:52am
Quoting msetai
{quote} nice one
Thanks. And all I did there was find the square root of the swing high on 4-16, then subtract in increments of -0.50 on down. Then square it. Price went down to 180 degrees, then came back up to the 90 degree line and shorted from there. Now targeting the 135 degree line, which is an increment of -0.25.
Time turns trend. - W.D. Gann
  • #791,584
  • Apr 25, 2013 7:46am Apr 25, 2013 7:46am
Quoting ForExtraPips
{quote} Thanks. And all I did there was find the square root of the swing high on 4-16, then subtract in increments of -0.50 on down. Price went down to 180 degrees, then came back up to the 90 degree line and shorted from there. Now targeting the 135 degree line, which is an increment of -0.25.
wow very interesting, i have to look into this methodology
  • #791,585
  • Apr 25, 2013 7:49am Apr 25, 2013 7:49am
It's going down but be sure to place your stops wisely!!!
  • #791,586
  • Apr 25, 2013 7:50am Apr 25, 2013 7:50am
Quoting 5percent
{quote} Well done, that should be the way.
Great advice on limits. What I've been doing lately is find the range, then put a sell stop a few pips below yesterday's low, and buy stop a few pips above yesterday's high. Then just scalp the range during the overlap. So far, so good.
Time turns trend. - W.D. Gann
  • #791,587
  • Apr 25, 2013 7:50am Apr 25, 2013 7:50am
Quoting msetai
{quote} damn i had a pending at 3094 missed it by .6pips now looks like im too late...
im in same condition
  • #791,588
  • Apr 25, 2013 7:50am Apr 25, 2013 7:50am
i am scared to short EUR/USD :/ brain says yes, stomach no...
  • #791,589
  • Apr 25, 2013 7:50am Apr 25, 2013 7:50am
Quoting ForExtraPips
{quote} Thanks. And all I did there was find the square root of the swing high on 4-16, then subtract in increments of -0.50 on down. Price went down to 180 degrees, then came back up to the 90 degree line and shorted from there. Now targeting the 135 degree line, which is an increment of -0.25.

If I only knew what you were talking about. :-(
  • #791,590
  • Apr 25, 2013 7:53am Apr 25, 2013 7:53am
UJ finded sellers again, waiting for 98.70's..
69
  • #791,591
  • Apr 25, 2013 7:53am Apr 25, 2013 7:53am
Think it is good idea to sell again ,3073 retest? Nah, cant be.
"I know one thing, that I know nothing." Sokrates
  • #791,592
  • Apr 25, 2013 7:54am Apr 25, 2013 7:54am
Quoting Mozzy
{quote} If I only knew what you were talking about. :-(
Google "Square of nine." That will get you started.
Time turns trend. - W.D. Gann
  • #791,593
  • Apr 25, 2013 7:55am Apr 25, 2013 7:55am
EU still can't break 31 resistance... yet.
If I'm reading my indos right, if EU can break and stay above 31 till US close then the bull might be have the upper hand again.
anybody thought the same?

anyway I'm staying on the sideline for the time being, too risky for me now.
  • #791,594
  • Apr 25, 2013 7:56am Apr 25, 2013 7:56am
Quoting ForExtraPips
{quote} Thanks. And all I did there was find the square root of the swing high on 4-16, then subtract in increments of -0.50 on down. Then square it. Price went down to 180 degrees, then came back up to the 90 degree line and shorted from there. Now targeting the 135 degree line, which is an increment of -0.25.
Nice one mate. BTW, I'm joining slightly under you @ 77 as I wanted to definitely see a failure of 83/86.
But wanted to say I like the approach as the Sqr Root implies lowest interval. Just wanted to know how you apply the subtraction of the 0.5.... how do you do that... do you apply the sqr root to the swing hi/lo first then apply the 0.5? Is the .5 a "correction" adjustment?
A pip is only worth it if you know how much you risked to earn it
  • #791,595
  • Apr 25, 2013 7:56am Apr 25, 2013 7:56am
Quoting ForExtraPips
{quote} Google "Square of nine." That will get you started.

Thank you.


Much appreciated.
  • #791,596
  • Apr 25, 2013 7:57am Apr 25, 2013 7:57am
Quoting Tom_D_Trader
Think it is good idea to sell again ,3073 retest? Nah, cant be.
I'm waiting for either 200% extensio nof yesterdays range or that nice TL which goes just few pips below 3129 high..
69
  • #791,597
  • Apr 25, 2013 7:59am Apr 25, 2013 7:59am
Quoting ForExtraPips
{quote} Great advice on limits. What I've been doing lately is find the range, then put a sell stop a few pips below yesterday's low, and buy stop a few pips above yesterday's high. Then just scalp the range during the overlap. So far, so good.
Yes , but still all positions are a risk. But breakout should tentatively have higher % of success if applied with good rm and mm, and RR. Stop loss is a must too. Breakout works well in volatile high impact datas and news driven environment.

like how the yen pairs rallied 2-3 weeks ago after kuroda thingy.

see how prices move from one area to another on this gbpusd chart min 15
Attached Image(s) (click to enlarge)
Click to Enlarge Name: break out.png Size: 49 KB
Click to Enlarge Name: price moves.png Size: 48 KB
  • #791,598
  • Apr 25, 2013 7:59am Apr 25, 2013 7:59am
Seems like EU will be bearish soon. Unemployment claims is affecting it?
  • #791,599
  • Apr 25, 2013 8:00am Apr 25, 2013 8:00am
frustrating, over reaction to the US figures driving a stop hunt

Really hope we get a decent 100+ pip move next Thursday, bored with this PA
  • #791,600
  • Apr 25, 2013 8:01am Apr 25, 2013 8:01am
Quoting Z3iz3i
Rangeing day. Early morning European session trapped sellers again on 4h and 1h. Should top at 85/92 for retrace at some point to 32/42. Best when markets are thin and spread is wider. This pair may go sideways until next weeks ECB rate announcement.
Worked pretty nicely.

Current hourly close below 67 and retrace will find more sellers.
They think they are smarter than I am.
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