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  • #795,881
  • May 8, 2013 11:10am May 8, 2013 11:10am
Quoting SugarPink
{quote} You mean shorts I think. Logically it must be well above 1.32 and if they don't liquidate, then they will be forced to do it, (ie, short squeeze again)
What makes you think they will close their shorts ? or they haven't done it already ?
COT: The precious data ignored
  • #795,882
  • May 8, 2013 11:12am May 8, 2013 11:12am
Quoting kuroro001
{quote} What makes you think they will close their shorts ? or they haven't done it already ?
Umm because of a 120 pip loss ?!
  • #795,883
  • Edited 11:34am May 8, 2013 11:14am | Edited 11:34am
Quoting yelena
{quote} but your GU long is right and still flying
missed my pending short by 9 pips.
http://www.forexfactory.com/attachme...1&d=1367892368
those who can, do. those who cant, talk about those who can
  • #795,884
  • May 8, 2013 11:15am May 8, 2013 11:15am
Quoting kuroro001
{quote} What makes you think they will close their shorts ? or they haven't done it already ?
You will know when they liquidate them. It will be very obvious
"You're solid gold, see you in hell"
  • #795,885
  • May 8, 2013 11:25am May 8, 2013 11:25am
Quoting gatorinla
{quote} in 44 minutes .. whatever is the high may be it for a while.
Perhaps worthy of a short now above 3180, <15pip SL, 80pip TP

I must say though, bears still looking weak.
  • #795,886
  • May 8, 2013 11:25am May 8, 2013 11:25am
Quoting Tom_D_Trader
You seem to have great trading plan RsX. Welcome aboard, hope you will enjoy your stay. Regarding quote, I really agree and think you have chosen about the right SL for intraday trading...
...I am trying to achieve something similar like you. To reach RR about 1:10+ and ride for about 1-3 months....
Hello, Tom_D - thanks a lot for your perspective. And, glad to hear from another trader having some of the same goals and ideals as myself, very positive.

Quoting Tom_D_Trader
..I am trading, eh, I call it beerfund. Those are just very small intraday trades off weekly S/R, mids of waves and Fibo. Beerfund is really stupid, but I usually use SL @ 15 points as well and entering on those weekly levels. It made 100 beers in April . Edit: Btw, beerfund works on RR 1:3. But I cant reach 1:5 intraday, thats probably why you are waiting with entry for few days. But as I´ve said, cant trade intraday. Anyway, good luck and hope you will stay
Beerfund - now that's a nice little name for a method I'd suppose it ain't too stupid at all, considering the 100 beers in April (but of course, might depend what that 1 beer equals to...eg if it's an expensive one or not ) But, quite an interesting to have this secondary (I suppose?) trading approach for your shorter time frame. With this approaches' 1:3 RR, it probably has been fine tuned to greater accuracy - win rate 40%+ perhaps, by using very few concrete and statistically proven setups - is my assumption.

And, thanks for the welcome - I look to stay around for a good while or quite a bit longer, time will tell.



In regards to EURUSD, it's now reaching into the area I'm getting more interested in, as per the previously illustrated outlook / scenario in my initial post.

Attached is an update of the previous snapshot, along with up-to-date commentary.

Best trading
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2013-05-08_baseline_update_img1_breakout_attempt_240min.png Size: 328 KB
Patience, persistence and probabilities.
  • #795,887
  • May 8, 2013 11:28am May 8, 2013 11:28am
Quoting kuroro001
{quote} Why did you say "in 44mn we'll get the high for some times" It means 1,3194 "should" be the high before a retracement/reversal ? I'm curious
i know either the 2963 bear or the 3285 bull will fail, they conflict. many times before a move.. the strong spike is the other direction. at e-close (44m) often the high or low is already reached. along with 3209, 3192 was a target. after reaching 3192. a pullback is no surprise. neither is a slap down from 3197..
those who can, do. those who cant, talk about those who can
  • #795,888
  • May 8, 2013 11:31am May 8, 2013 11:31am
Quoting Mmorpg
{quote} I wonder why he is on your ignore list.?
I don't remember but once on it, you never get off. Just like the No Fly List.
  • #795,889
  • May 8, 2013 11:34am May 8, 2013 11:34am
Actually it shouldn' have got the strength to be here, according to my chart if it wants to continue in uuper trend it will hit 1.37{ which is impossible according to fundamentals} therefore this is the highest possible price and it must go back to down trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.jpg Size: 262 KB
  • #795,890
  • May 8, 2013 11:37am May 8, 2013 11:37am
Quoting gatorinla
{quote} i know either the 2963 bear or the 3285 bull will fail, they conflict. many times before a move.. the strong spike is the other direction. at e-close (44m) often the high or low is already reached. along with 3209, 3192 was a target. after reaching 3192. a pullback is no surprise. neither is a slap down from 3197..
Okay i understand what you mean, so both 1,2963 and 1,3285 will get hit.
Pullback to 1,3099 if i correctly read your analysis.

I don't know if we reached the high, but one thing i can see is she should hit 1,308x and below in the days to come.
COT: The precious data ignored
  • #795,891
  • Edited 11:50am May 8, 2013 11:40am | Edited 11:50am
Quoting kuroro001
{quote} Okay i understand what you mean, so both 1,2963 and 1,3285 will get hit. Pullback to 1,3099 if i correctly read your analysis. I don't know if we reached the high, but one thing i can see is she should hit 1,308x and below in the days to come.
no,,,, one or the other.. we are bouncing off confused pa.. 3035 and 3147 were part of it..
at 1.6038 and 1.1876 the LM for it is 1 pip above 3226, the recent mid..
those who can, do. those who cant, talk about those who can
  • #795,892
  • May 8, 2013 11:41am May 8, 2013 11:41am
Quoting gatorinla
{quote} year close dont hurt either.
How the hell do you keep track of all this shit? I have it at 3185, then 3189 ass-level, 3209 and all the other in this tight band.
As I said, I'm not doing anything until tomorrow... I hope not to regret that.
  • #795,893
  • May 8, 2013 11:44am May 8, 2013 11:44am
I put sell 3163 and tp 3063 sl 3228 is it my thinking ok all my senior trader please tell me.
  • #795,894
  • May 8, 2013 11:46am May 8, 2013 11:46am
Quoting gatorinla
{quote} no,,,, one or the other.. we are bouncing off confused pa.. 3235 and 3147 were part of it..
Ah okay i see.

I want 1,2963 then.
COT: The precious data ignored
  • #795,895
  • May 8, 2013 11:47am May 8, 2013 11:47am
Risking short because i think there was a miss touch at this level at the start of the drop.
Looking at all other indies. lots of resistance, weekly head and shoulders line, grid template tl resistance
divergence on higher time frames. Demand for dx if eu finally f's off.
Founder of Sutherland Wave Principle
  • #795,896
  • May 8, 2013 11:51am May 8, 2013 11:51am
Quoting kuroro001
{quote} Ah okay i see. I want 1,2963 then.
edit 3235=3035
those who can, do. those who cant, talk about those who can
  • #795,897
  • May 8, 2013 11:54am May 8, 2013 11:54am
Quoting Mr Hatch
{quote} How the hell do you keep track of all this shit? I have it at 3185, then 3189 ass-level, 3209 and all the other in this tight band. As I said, I'm not doing anything until tomorrow... I hope not to regret that.
Why tomorrow? any particular reason? isn't bank holiday everywhere in Europe (except in the "Island" like usual)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #795,898
  • May 8, 2013 11:55am May 8, 2013 11:55am
Quoting gatorinla
{quote} edit 3235=3035
Buy limit 1.3135 ???
  • #795,899
  • May 8, 2013 11:59am May 8, 2013 11:59am
Quoting sisse
{quote} Why tomorrow? any particular reason? isn't bank holiday everywhere in Europe (except in the "Island" like usual) sisse
From what I see, German and French banks are closed. The press conference following the rate decision is what I'm looking for.
  • #795,900
  • May 8, 2013 12:02pm May 8, 2013 12:02pm
Quoting RsX
But, quite an interesting to have this secondary (I suppose?) trading approach for your shorter time frame.
Y, it is secondary. I am still starting as full time, so sometimes I fack it up and need to be waiting on sidelines analyzing. In the meanwhile, I play with beerfund, and believe me, it is stupid . It is the same entry sequence I use when entering long term trades, but I use much much weaker S/R. So obviously the success rate is much worse. Was good in April, but can burn anytime. But I dont mind, its just beers. It is merely for fun, so I practice entries. And no, beers in Czech aint expensive.
"I know one thing, that I know nothing." Sokrates
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