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  • #871,921
  • Jan 23, 2014 2:19pm Jan 23, 2014 2:19pm
Quoting MorganX
Suthmo, what's your TP on that short? Quick scalp?
Can be 1.3100 first target 1.3450
Founder of Sutherland Wave Principle
  • #871,922
  • Jan 23, 2014 2:21pm Jan 23, 2014 2:21pm
Quoting attila
{quote} I think weekly wants to go lower before the real move up.. if somebody says they were expecting this kind of daily candle, they're full of shit.... the weekly chart is technically ranging, so both longs and shorts are valid.. depending from where...
ok, fair enough……..

But remember in a bull market, bulls enter all together when bears get excited…….…..they do not look much for technicality, they look to buy cheap that has value……. and the move will be fuelled by the covering of the wrong bears

Anyway just my humble opinion……which does not count much….
Wherever you go, there you are.
  • #871,923
  • Jan 23, 2014 2:29pm Jan 23, 2014 2:29pm
Quoting attila
{quote} I think weekly wants to go lower before the real move up.. if somebody says they were expecting this kind of daily candle, they're full of shit.... the weekly chart is technically ranging, so both longs and shorts are valid.. depending from where...
You are correct! There was nothing on the charts that would have tipped you off that the price was going to move so much to the high side. Yes we no the Euro data got it started but how many times has not so good or bad data come out and the price moved in the opposite direction of what it should have?

Last night and today was just one of those days when some people get lucky and now they think they are geniuses but truth be told they probably loss most of the time because they are nothing more then gamblers that aren't so lucky all the time.

Today is more of a day to pat yourself on the back for using good risk management and stop losses because today and last night are the reason why you do.

I was looking to short today and last night and I didn't find any reason to and when the news came out the price shot up so fast after the release I didn't dare go long for fear of the price coming back down like it often does after the initial rise or fall of the price during news releases.

One nice thing about Forex there is always another day to find a good trade so one never misses the bus in this business............ although sometimes they get hit by the bus.
  • #871,924
  • Jan 23, 2014 2:29pm Jan 23, 2014 2:29pm
Quoting milam
3672 is due (listen to me, I am taking like those gurus that still live in the mother's basement eating their meat loaf). Seriously 3672 is just the open of the formed week.
she got there, also as BOPB (how nice) and now to 3699 which is ?
Attached Image (click to enlarge)
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Wherever you go, there you are.
  • #871,925
  • Jan 23, 2014 2:29pm Jan 23, 2014 2:29pm
Quoting Magicmen
History repeats {image}
That's true.

Next move to above 1.38
  • #871,926
  • Jan 23, 2014 2:30pm Jan 23, 2014 2:30pm
Quoting suthmo
{quote} Can be 1.3100 first target 1.3450

  • #871,927
  • Jan 23, 2014 2:31pm Jan 23, 2014 2:31pm
When you go short, I go long

Attached Image (click to enlarge)
Click to Enlarge Name: EURo.jpg Size: 85 KB
  • #871,928
  • Jan 23, 2014 2:34pm Jan 23, 2014 2:34pm
400 pips more to the upside, bought myself a little gun
  • #871,929
  • Jan 23, 2014 2:36pm Jan 23, 2014 2:36pm
Quoting suthmo
{quote} Can be 1.3100 first target 1.3450
You need to have a wide SL then. It may come back to 13640/50 and loads more ammo to go up
  • #871,930
  • Jan 23, 2014 2:36pm Jan 23, 2014 2:36pm
Ok...i took a short at 3691...for fun , couldnt hold myself
fokyou forexfactory
  • #871,931
  • Jan 23, 2014 2:40pm Jan 23, 2014 2:40pm
Next move 1.38
  • #871,932
  • Jan 23, 2014 2:41pm Jan 23, 2014 2:41pm
Quoting irongoose
{quote} You are correct! There was nothing on the charts that would have tipped you off that the price was going to move so much to the high side. Yes we no the Euro data got it started but how many times has not so good or bad data come out and the price moved in the opposite direction of what it should have? Last night and today was just one of those days when some people get lucky and now they think they are geniuses but truth be told they probably loss most of the time because they are nothing more then gamblers that aren't so lucky all the...
You are right.. you can tell the lucky ones from the superman feeling they have after getting lucky.... reason is because they don't understand what's going on in the market to begin with, and they're little indicators got it right once... Some trade with a 5 pips SL because they're over leveraged... That's fine, I don't care.. Now there are normal moves and abnormal ones.. In general the abnormal ones are faded.. I guess we'll see what it prints next and then we can make some decisions.. Point is, one can not enter neither long nor short based on this single bar...
  • #871,933
  • Jan 23, 2014 2:43pm Jan 23, 2014 2:43pm
Quoting DNTme
Ok...i took a short at 3691...for fun , couldnt hold myself
I got short 13690, SL 13706, TP 13640 - take it as a scalp
  • #871,934
  • Jan 23, 2014 2:47pm Jan 23, 2014 2:47pm
Attached Image (click to enlarge)
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  • #871,935
  • Jan 23, 2014 2:54pm Jan 23, 2014 2:54pm
I was thinking... last Friday bears.. where are they now? Funny to see the human nature..
  • #871,936
  • Jan 23, 2014 2:55pm Jan 23, 2014 2:55pm
Quoting attila
{quote} You are right.. you can tell the lucky ones from the superman feeling they have after getting lucky.... reason is because they don't understand what's going on in the market to begin with, and they're little indicators got it right once... Some trade with a 5 pips SL because they're over leveraged... That's fine, I don't care.. Now there are normal moves and abnormal ones.. In general the abnormal ones are faded.. I guess we'll see what it prints next and then we can make some decisions.. Point is, one can not enter neither long nor short...
I've blown enough money to know those indicators are garbage and no one candle tells you crap! I really don't even trade candle patterns anymore either.

I tried that to and lost enough money to know they really don't work very well either, at least the way everyone is taught to trade them.
  • #871,937
  • Jan 23, 2014 2:58pm Jan 23, 2014 2:58pm
Quoting attila
I was thinking... last Friday bears.. where are they now? Funny to see the human nature..
Always works like that....when it's going up bulls brags, when its going down bears do, sometimes its better to be a pig so you're not involved in that mess
COT: The precious data ignored
  • #871,938
  • Jan 23, 2014 3:02pm Jan 23, 2014 3:02pm
Quoting irongoose
{quote} I've blown enough money to know those indicators are garbage and no one candle tells you crap! I really don't even trade candle patterns anymore either. I tried that to and lost enough money to know they really don't work very well either, at least the way everyone is taught to trade them.
Now you know why so the called elite traders are selling books and teaching you how to trade markets ?

If trading patterns and using indis were so good they would do it themselves and make millions instead of making you think you'll earn money trading the way they trade (and barely make money)

Once people understand they have to find their own way of trading you'll see better traders
COT: The precious data ignored
  • #871,939
  • Jan 23, 2014 3:09pm Jan 23, 2014 3:09pm
Quoting kuroro001
{quote} Now you know why so the called elite traders are selling books and teaching you how to trade markets ? If trading patterns and using indis were so good they would do it themselves and make millions instead of making you think you'll earn money trading the way they trade (and barely make money) Once people understand they have to find their own way of trading you'll see better traders
If this business was as easy as picking up a book and following it step by step or just looking at your indicator for when to buy or sell there wouldn't be so many losers in it.
  • #871,940
  • Jan 23, 2014 3:11pm Jan 23, 2014 3:11pm
buy 5lot 694 sl? tp?
With a good book and quality paper you can fine wipe your ass.
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