{quote} I'm out... -5pips...
But once direction will be clear...pips for everybody
COT: The precious data ignored
- #839,681
- Oct 2, 2013 4:59am Oct 2, 2013 4:59am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
But once direction will be clear...pips for everybody
- #839,682
- Oct 2, 2013 5:12am Oct 2, 2013 5:12am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
{quote} Lately EU is a pain in the ass, it's so unclear....i bet a lot of peeps blew up account trading these past few days. But once direction will be clear...pips for everybody
agreed! I've been lucky enough to get out with a bit of profit at the end of each day... Capital protection is Number 1 goal...
That loss can be made back with one 10 pip scalp or a 7 pip trade (which could then give 60 pips which gives almost 10 times risk)... That's the secret in my eyes
@pawpaw1000 on Twitter
- #839,683
- Oct 2, 2013 5:15am Oct 2, 2013 5:15am
- | Joined Jul 2013 | Status: Trader | 1,873 Posts
{quote} Lately EU is a pain in the ass, it's so unclear....i bet a lot of peeps blew up account trading these past few days. But once direction will be clear...pips for everybody
Get Rich or Die Tryin
- #839,684
- Oct 2, 2013 5:28am Oct 2, 2013 5:28am
- | Joined Oct 2008 | Status: Crocodile Trader | 1,127 Posts
GU, I saw weakness coming in. Hitting a major resistance. Volume and price action showing reaction to this 1.625 area. Short? definitely not now, if price action like this cause this pair to tank, then the down move is bullshit. From a bull to bear need distribution. at least another 4H candle going up to 1.625 before i short it.
Read the entire market, money is made on the main trend not the fluctuation
- #839,687
- Oct 2, 2013 5:41am Oct 2, 2013 5:41am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Lately EU is a pain in the ass, it's so unclear....i bet a lot of peeps blew up account trading these past few days. But once direction will be clear...pips for everybody
If you are new to Forex? Say Goodbye to your account!!
- #839,690
- Oct 2, 2013 6:08am Oct 2, 2013 6:08am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} actually Im thinking eu ,s pa has been pretty good since the big pump, 18th Sept,eg 1hr falling channel then rising channel all within a sideways range with only 3 fake break outs in all of these ranges, selling the top of range and buying the bottom, traders should have done very nice results :nerd:
here is chart, pretty basic, nice bull pump hard to left 18th, 1st channel was falling, reasonably neat, the eventual BO was little messy, but she then converted to a rising channel, also pretty neat, right now she about to test the ltl which is supported by the 200sma, however we now also have a bigger sideways channel printing and presently pa is smack in the middle, coin toss zone, without the sideways channel I would be tempted to defend the ltl of the rising channel especially supported by the 200sma, I have few shorts running from the tops of these channels, I certainly cant short where she is right now considering the supports close by, and I dont want to enter a long in the middle of a sideways channel, so eu for now is wait and watch, probably for rest of week, there are better pips elsewhere poor old Canadian $ is getting a bit of a pasting cable break of neckline failed to achieve the 1st target and has broken back above the neckline presently retesting the neckline downwards now, with the crap data earlier, she usually takes 2 - 2 1/2 hrs for data to sink in so she could be a mover shortly
aussie as posted earlier bears driving along nicely and kiwi testing resist right now, "but she just a little above a good support, time to watch a movie
If you are new to Forex? Say Goodbye to your account!!
- #839,691
- Oct 2, 2013 6:09am Oct 2, 2013 6:09am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
{quote} here is chart, pretty basic, nice bull pump hard to left 18th, 1st channel was falling, reasonably neat, the eventual BO was little messy, but she then converted to a rising channel, also pretty neat, right now she about to test the ltl which is supported by the 200sma, however we now also have a bigger sideways channel printing and presently pa is smack in the middle, coin toss zone, without the sideways channel I would be tempted to defend the ltl of the rising channel especially supported by the 200sma, I have few shorts running from...
Don't blame the tools. Blame the carpenter.
- #839,694
- Oct 2, 2013 6:24am Oct 2, 2013 6:24am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #839,698
- Oct 2, 2013 6:37am Oct 2, 2013 6:37am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
This price action is depressing.
getting ready for ECB
Mohan
- #839,699
- Oct 2, 2013 6:38am Oct 2, 2013 6:38am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter