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  • #902,161
  • Jun 3, 2014 5:03am Jun 3, 2014 5:03am
Quoting saver0
{quote} Good morning everybody!! Looks like we might be heading back up to the 23% Flib. Only 70pips away as of now..
bet u have long too eh?
23% of which fib?
1st i'm planning to hold til 3627. how bout u?
"If you run, you'll only die tired." - Sniper's philosophy
  • #902,162
  • Jun 3, 2014 5:03am Jun 3, 2014 5:03am
Quoting chazzle
EG M5 momentum divergence around MAY23/29 mid .... which is good - although may have to wait until tomorrow for more interesting PA
EG H1

... still alive at least , looking okish
Attached Image (click to enlarge)
Click to Enlarge Name: egh1.PNG Size: 38 KB
  • #902,163
  • Edited 5:22am Jun 3, 2014 5:05am | Edited 5:22am
This pa looks like an old Irish builder coming out of the pub on Friday night still wearing his working clothes...
Wherever you go, there you are.
  • #902,164
  • Jun 3, 2014 5:07am Jun 3, 2014 5:07am
Quoting tomiko
{quote} bet u have long too eh? 23% of which fib? 1st i'm planning to hold til 3627. how bout u?
Hehe yup, I am long on EU. This is the 23% Fib I'm talking about:
http://www.forexfactory.com/showthre...03#post7501803

I have my initial TP set at the recent high of 1.36368 but I always adjust based on what I see. Should be a smooth sail up to this point. BUT we will see.. Just in case if it goes against me, I plan to pick up more trades as it drops.. it gotta make a retracement sooner or later.. hehe
Focus, Patience, Determination & Order in chaos
  • #902,165
  • Jun 3, 2014 5:07am Jun 3, 2014 5:07am
Quoting milam
This pa looks like a bit an old Irish builder coming out of the pub on Friday night still wearing is working clothes...
  • #902,166
  • Jun 3, 2014 5:12am Jun 3, 2014 5:12am
the bats dont like it upwards.
They just want to look downwards.
Looking at the crossing from 3992.
EU could be on a safe path to 3478.

Anyway pa decides it all so lets see how the break would go both ways.
Keep the Lights on then you can catch the rise from the dark.
  • #902,167
  • Jun 3, 2014 5:16am Jun 3, 2014 5:16am
Quoting milam
{quote} ok...
yup, uc is grinding up 0916 next fence, if it gives she could pop hard, which should hurt eu bulls, 3585 is already proving to be a bitch, so its battle on time "may the best bear win "
If you are new to Forex? Say Goodbye to your account!!
  • #902,168
  • Edited 5:35am Jun 3, 2014 5:22am | Edited 5:35am
Quoting KiwiTrada
{quote} yup, uc is grinding up 0916 next fence, if it gives she could pop hard, which should hurt eu bulls, 3585 is already proving to be a bitch, so its battle on time "may the best bear win "
Looks to me that she want to retest the lows, but now with some more momentum.
  • #902,169
  • Jun 3, 2014 5:40am Jun 3, 2014 5:40am
Quoting KiwiTrada
{quote} yup, uc is grinding up 0916 next fence, if it gives she could pop hard, which should hurt eu bulls, 3585 is already proving to be a bitch, so its battle on time "may the best bear win "
on the eu, I have a down trendline just about the current chicken stampede PA, its "trying to confuse the hell out of me" may form some kind of obscure triangle that could be also be interpret as the flag above the poole, if it breaks above it as in the classical sense, it could fail smashing her nose into that dtrendline, if that is the case....I may consider be part of it..........I will give another 20 minutes, if nothing happen....more will happen upstairs....
Wherever you go, there you are.
  • #902,170
  • Jun 3, 2014 5:49am Jun 3, 2014 5:49am
Quoting milam
This pa looks like an old Irish builder coming out of the pub on Friday night still wearing his working clothes...
Team Trader
  • #902,171
  • Jun 3, 2014 5:49am Jun 3, 2014 5:49am
Although PA should go up it does not.

Decision time seems to be Thursday as I already feared.

Good that I made some 2.6% yesterday, but that will be it for the week I think.

Not interested to get burnt in a 20 pip range.
  • #902,172
  • Jun 3, 2014 5:53am Jun 3, 2014 5:53am
Expecting a pull-back to 1.3650-60 till it hold above 1.3580, recent lows.

If break 1.3580, could test 1.3520 immediately.
  • #902,173
  • Jun 3, 2014 6:03am Jun 3, 2014 6:03am
ignoring the candles from 2 & 3 hrs ago then we have a relatively straight rise north since 1900 last night.
  • #902,174
  • Jun 3, 2014 6:07am Jun 3, 2014 6:07am
Quoting Bruzo
Which one was the stop loss hunt, the spike up to ~1.3612 or the second move down to ~1.3595? Watching and learning here. :nerd:
I would say the 1.3595 move if anything as the retail trader figures are weighted towards the longs at 56% longs vs 44% short.
"Don't get caught trading wheat in the corn pit"
  • #902,175
  • Jun 3, 2014 6:14am Jun 3, 2014 6:14am
done scalping for the day, no trades, five hours of scalping (this is a business) is plenty for and old man like me......

Took a short on uk 100 (short term): I saw an inside bar at the top, where HV contracted, if it goes in my direction I will cover half when double of my risk is gained and the rest will be trailed above the latest daily candle till stopped out or when the previous swing low is reached.....lets see..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 47 KB
Wherever you go, there you are.
  • #902,176
  • Jun 3, 2014 6:24am Jun 3, 2014 6:24am
Quoting chazzle
EG H1 ... still alive at least , looking okish {image}
EG H4

taking off - hopefully 8130 will hold and 13620 holds on EU
Attached Image (click to enlarge)
Click to Enlarge Name: egh4.PNG Size: 84 KB
  • #902,177
  • Jun 3, 2014 6:27am Jun 3, 2014 6:27am
Go shorts start covering. They will need some offers to unload it, but they are only at 1.3650
  • #902,178
  • Jun 3, 2014 6:35am Jun 3, 2014 6:35am
Quoting salman14
{quote} Sell Limit triggered. SL at 1.6804. Risk = 25 pips. lets see
SL changed to BE, Risk free trade
  • #902,179
  • Jun 3, 2014 6:39am Jun 3, 2014 6:39am
Quoting salman14
{quote} SL is now at BE, Risk free trade
wow, SL not triggered ,am in the safe zone once again. This one pip saved me
  • #902,180
  • Jun 3, 2014 6:40am Jun 3, 2014 6:40am
Quoting emmalee25
Go shorts start covering. They will need some offers to unload it, but they are only at 1.3650
Just curious, how did you come up with the 1.3650 number?
Focus, Patience, Determination & Order in chaos
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