those who can, do. those who cant, talk about those who can
- #797,521
- May 14, 2013 6:27am May 14, 2013 6:27am
- Joined Oct 2008 | Status: sideline is a position | 105,173 Posts
- #797,522
- May 14, 2013 6:27am May 14, 2013 6:27am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
Hold on today, tomorrow & thurs could possibly send the EUR down further considering the US data coming out. US has had nothing but good news lately 
- #797,523
- May 14, 2013 6:31am May 14, 2013 6:31am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #797,525
- May 14, 2013 6:32am May 14, 2013 6:32am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
{quote} very short term chart is saying bulls won't give up that easily (m1 chart)
- #797,527
- May 14, 2013 6:33am May 14, 2013 6:33am
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
- #797,528
- May 14, 2013 6:33am May 14, 2013 6:33am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} i learned sometime back that when it exceeds 7 it is a channel and no longer a flag. we shall see. em also bearish, just looking for retracement and better place to make another 4-days short
so a channel up or down dosnt really concern me much unless I wanted to scalp it as a "range" and scalp with the present trend whatever it maybe, I am more concerned when either bull or bear gets the power to break it, as with any range, this dosnt mean I trade the breajkout as such, but is another clue which is getting better footing, and if it lines up with everything else I got, yeah then I will look for trade, I think is more time waiting for trade to develop, than preparing for it, and key is remove sl risk / exposure asap, and try stay in for as long as possible, with what ever have running,
I am short too, but not from anywhere here, 30 minute candles last 4 have wiped out nearly whole weeks worth 30 min candles and half of last fridays except for one long leg, and that long leg says bulls were down here, so becareful with shorts, bears need take out that leg (noon Monday)
If you are new to Forex? Say Goodbye to your account!!
- #797,529
- May 14, 2013 6:35am May 14, 2013 6:35am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
{quote} I simply don't understand how you guys can trade the 1/5/15 charts, those damn things move to fast for me
That's the beauty of trading, as i don't know how you trade intraday with higher tf than m15
COT: The precious data ignored
- #797,532
- May 14, 2013 6:37am May 14, 2013 6:37am
- Joined Oct 2008 | Status: sideline is a position | 105,173 Posts
those who can, do. those who cant, talk about those who can
- #797,533
- May 14, 2013 6:37am May 14, 2013 6:37am
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
Know when to hold em, Know when to fold em!
- #797,535
- May 14, 2013 6:39am May 14, 2013 6:39am
- Joined Nov 2009 | Status: Trader | 2,232 Posts
{quote} I simply don't understand how you guys can trade the 1/5/15 charts, those damn things move to fast for me
If you think that is fast, you should try the Eud/Aud pair. That pair is fast on almost all time frames when it really gets moving.
Luck has no place in trading. Leave that for the poker table.
- #797,536
- May 14, 2013 6:40am May 14, 2013 6:40am
- Joined Nov 2008 | Status: Trader | 2,177 Posts
{quote} I just closed about 350 Pips last night and Opened another short and I am back up 50 pips. So yes my experience is paying off well and I am kicking the longs in the butt. Closed previous shorts last night waited for retracement and reopened short at 3015. I trade price I don't trade predictions.
same level here
- #797,537
- May 14, 2013 6:41am May 14, 2013 6:41am
- Joined Sep 2011 | Status: Minor crosses. Major pips. | 3,701 Posts
Time turns trend. - W.D. Gann
- #797,539
- May 14, 2013 6:43am May 14, 2013 6:43am
- Joined Oct 2008 | Status: sideline is a position | 105,173 Posts
those who can, do. those who cant, talk about those who can
