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  • #793,181
  • May 1, 2013 12:27am May 1, 2013 12:27am
Quoting Piporro
It moved!! but wrong direction
Wrong ? As yesterday.

Better not to do anything before london open.
  • #793,182
  • May 1, 2013 12:30am May 1, 2013 12:30am
Quoting KiwiTrada
May 2012 4hr for those who believe history might repeat, this is last years "May Selloff" approx 1000 pips, but not right from May open, she popped 40 odd pips before retracing and setting the open as resist, the 2nd sign of maybe a sell off was the next weeks "gap", again after a resist had formed, this "gap" took nearly 3 months to close, pretty much bull got spanked all month pa is ironically at a very similar level as this big bomb start point and again late june to mid july another 600 odd pip spanking history...
Hello Kiwi, I checked on 2011 and 2012 both are diving big time. Both also happen when Stoch{weekly} is downward. While at the moment Stoch{weekly} is pointing upward.

perhaps we go up a little and dive down?

deep RoT is essential for everlasting happyness
  • #793,183
  • May 1, 2013 12:31am May 1, 2013 12:31am
Quoting fx_forever
{quote} Wrong ? As yesterday. Better not to do anything before london open.

You think so expec it to correct course below 75

Regards
  • #793,184
  • May 1, 2013 12:34am May 1, 2013 12:34am
Quoting namitak007
{quote} lolz buddy! not everyone is FX trader or IT engineer! There are many hard working people working everyday in Industries. It's for them! #respect
I work every day hard as well, I even have to wake up at 1:00 am. Industries can have their labor day as far as I'm concerned, but that must include banks?

Anyways, it is what it is, nothing I can do to control, like the market. Just needed to express myself (I woke up very early for nothing), didnt mean to disrespect a single soul.
  • #793,185
  • May 1, 2013 12:41am May 1, 2013 12:41am
Quoting ptsnu
{quote} I work every day hard as well, I even have to wake up at 1:00 am. Industries can have their labor day as far as I'm concerned, but that must include banks? Anyways, it is what it is, nothing I can do to control, like the market. Just needed to express myself (I woke up very early for nothing), didnt mean to disrespect a single soul.
yup! Well for traders we can choose our own time to trade. You have 24/5 hours open market. If you feel sleepy you can close your monitor and sleep. Our hard work is more mental but for Industrial people it's more physical than mental. Well for me Industries are very important for banking sector and also I am from India so I don't know about your country but we have only Sunday close for Banks. So for me it's well deserved holiday!
  • #793,186
  • May 1, 2013 12:46am May 1, 2013 12:46am
Quoting X.work
{quote} Hello Kiwi, I checked on 2011 and 2012 both are diving big time. Both also happen when Stoch{weekly} is downward. While at the moment Stoch{weekly} is pointing upward. perhaps we go up a little and dive down?
All I can say is I made more during may last year than I did for whole year, every single candle on any chart is historical, to not be aware or interested in historical data, then there is no point in having a chart up

Someone trading medium / long term weekly monthly, are always very interested in any decent moves within specific timeframes, because they target a % of that range, with less chance of ping pong taking out their stops, they can hold trades for a specific and shortest time and reap decent pips

Example shorter timeframes 15min etc you not much chance holding the trade for few weeks or months, pa is pure noise and will clip sl,s with ease.

However entry for a longer term trade, can / should still be hunted in lower timeframes but with higher timeframes in consideration, even shorter tern trades like 30min 1 hr 2 hr etc can / should still be looking for entry smaller timeframe, but again still have to take consideration for higher timeframes

If May is another sell off, is no rush, 300 400 1000 pips drops with little or no retracements will offer plenty of opportunities
If you are new to Forex? Say Goodbye to your account!!
  • #793,187
  • May 1, 2013 12:46am May 1, 2013 12:46am
Quoting KillerWhale
{quote} Last year September I think it was that I thought history would repeat. I paid a big price for that. So now I just look at the chart and not at history.
chart it self history (history of price)
Mohan
  • #793,188
  • May 1, 2013 12:53am May 1, 2013 12:53am
So if German bank on holiday Dax closed for today anyone knows?
  • #793,189
  • May 1, 2013 12:54am May 1, 2013 12:54am
I have sold geppy 1st trade today

151 333 sl 151 431
If you are new to Forex? Say Goodbye to your account!!
  • #793,190
  • May 1, 2013 12:59am May 1, 2013 12:59am
Quoting Piporro
So if German bank on holiday Dax closed for today anyone knows?
boerse is closed today,


from my broker
Quote
Due to the Labour Day Holiday in France and Germany the CAC40 and DAX30 trading sessions will be closed on Wednesday May 1. Normal trading sessions resume Thursday May 2.
Mohan
  • #793,191
  • May 1, 2013 12:59am May 1, 2013 12:59am
hi, my Tor 1.20 indi shows ranging on 30m and 1h too. ichimoku 4h is bullish. I will w8 till ranging is over then I will see what to do.
some other idea?
- May Buddha bless you.
  • #793,192
  • May 1, 2013 1:00am May 1, 2013 1:00am
Quoting mohan76
{quote} boerse is closed today, from my broker {quote}

Thank you
  • #793,193
  • May 1, 2013 1:00am May 1, 2013 1:00am
Quoting KiwiTrada
I have sold geppy 1st trade today 151 333 sl 151 431
i will wait , i think cable due testing of 80/00 , 50% @ 5598?
Mohan
  • #793,194
  • May 1, 2013 1:03am May 1, 2013 1:03am
Quoting KiwiTrada
I have sold geppy 1st trade today 151 333 sl 151 431

I was lokking at 151.50 to sell if we reach it , whats your tp u just scalping?

Regards
  • #793,195
  • May 1, 2013 1:05am May 1, 2013 1:05am
Quoting Piporro
{quote} I was lokking at 151.50 to sell if we reach it , whats your tp u just scalping? Regards
his may trade usually set & forget (no tp just trailing stop)
Mohan
  • #793,196
  • May 1, 2013 1:07am May 1, 2013 1:07am
Quoting mohan76
{quote} i will wait , i think cable due testing of 80/00 , 50% @ 5598?
I am frozen is yours au
If you are new to Forex? Say Goodbye to your account!!
  • #793,197
  • May 1, 2013 1:09am May 1, 2013 1:09am
Quoting mohan76
{quote} his may trade usually set & forget (no tp just trailing stop)

Sounds right

Regards
  • #793,198
  • May 1, 2013 1:10am May 1, 2013 1:10am
Quoting KiwiTrada
{quote} I am frozen is yours au
I am in 151 40 sl 151 47
If you are new to Forex? Say Goodbye to your account!!
  • #793,199
  • May 1, 2013 1:12am May 1, 2013 1:12am
Quoting mohan76
{quote} i will wait , i think cable due testing of 80/00 , 50% @ 5598?
thanks for the reminder. BTW how is melbourne?
deep RoT is essential for everlasting happyness
  • #793,200
  • May 1, 2013 1:13am May 1, 2013 1:13am
Quoting KiwiTrada
{quote} I am in 151 40 sl 151 47
I tried to get in 2min before hr close was frozen 12mins pricks
Attached Image (click to enlarge)
Click to Enlarge Name: Geppy 1hr 1 5 2013.png Size: 97 KB
If you are new to Forex? Say Goodbye to your account!!
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