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Bull City Baby! Buying Opportunities

  • #621
  • Dec 11, 2014 7:44am Dec 11, 2014 7:44am
Quoting Rizmeister
{quote} Edit: We should be good once US markets open. Numbers are good.
  • #622
  • Dec 11, 2014 7:59am Dec 11, 2014 7:59am
Quoting benaiah
Reversal so totally held as price cleanly broke out of consolidation, and looks more stable than ever! We also got the rejection of 118.26 I was waiting for on H1. For everyone who is in draw down - Congrats! You are back in business! Bull City Baby!!
Thanks Buddy. Dodging a bullet sure feels good. The only real goal now is to not make the same mistake again (third time in my case). ACDC's playin....
  • #623
  • Dec 11, 2014 8:03am Dec 11, 2014 8:03am
Did it fire off? Definitely a nice jump. Taking profit.
  • #624
  • Dec 11, 2014 8:04am Dec 11, 2014 8:04am
Quoting paka
Did it fire off? Definitely a nice jump. Taking profit.
Don't think shes just done yet. Especially after a 300 pip correction....good news US markets should eat this up especially after a sell off last two days.


Edit: I'd liked to see 118.9 carved through like butter. Then 119.28!
  • #625
  • Dec 11, 2014 8:07am Dec 11, 2014 8:07am
Quoting Rizmeister
{quote} Don't think shes just done yet. Especially after a 300 pip correction....good news US markets should eat this up especially after a sell off last two days.
I agree. I don't think this is lift off by any means yet... I could be wrong but the speed and depth of yesterday should mean serious movement today, although a slow steady climb could also happen. Upper 40 period Donchian is not broken at the H1 until 120...
  • #626
  • Dec 11, 2014 8:25am Dec 11, 2014 8:25am
At resistance, break or shake?

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Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #627
  • Dec 11, 2014 8:34am Dec 11, 2014 8:34am
Quoting Rizmeister
{quote} Don't think shes just done yet. Especially after a 300 pip correction....good news US markets should eat this up especially after a sell off last two days. Edit: I'd liked to see 118.9 carved through like butter. Then 119.28!

Target 1 sliced through like butter. 119.28 lets have at it bulls! (Might see some resistance around 119.25, but shouldn't be too much of a struggle to bust through)



Edit: Euro has breached first support level.

Edit:2 1hr/4hr looking lovely. SP500 up 15 points already.
  • #628
  • Dec 11, 2014 8:52am Dec 11, 2014 8:52am
Definately looking better now got in at 117.9 have moved stop to break even and over 100 pips up right now There does seem to be some resistance at 119.18 but don't think it will hold targeting 119.5. It's tempting to target prior high at 121 but don't want to get too greedy after the last couple of days would rather lock in profit than try to get every last bit.....
As you said EUR moving down nicely too, 50 pips in profit on that one as well...... which is nice after the last couple of days as they have not been good at all....
  • #629
  • Dec 11, 2014 8:53am Dec 11, 2014 8:53am
Quoting Rizmeister
{quote} Target 1 sliced through like butter. 119.28 lets have at it bulls! (Might see some resistance around 119.25, but shouldn't be too much of a struggle to bust through) Edit: Euro has breached first support level. Edit:2 1hr/4hr looking lovely. SP500 up 15 points already.
So what you thinking hits 119.10/119.25 then consolidates until elections. Then push through it because Abe wins. Then retest of 121.84 then onwards to 300 lol
  • #630
  • Dec 11, 2014 8:54am Dec 11, 2014 8:54am
Quoting TessiaFx
Definately looking better now got in at 117.9 have moved stop to break even and over 100 pips up right now There does seem to be some resistance at 119.18 but don't think it will hold targeting 119.5. It's tempting to target prior high at 121 but don't want to get too greedy after the last couple of days would rather lock in profit than try to get every last bit..... As you said EUR moving down nicely too, 50 pips in profit on that one as well...... which is nice after the last couple of days as they have not been good at all....
Nice trading.
  • #631
  • Dec 11, 2014 8:55am Dec 11, 2014 8:55am
Quoting Sunsilk
{quote} So what you thinking hits 119.10/119.25 then consolidates until elections. Then push through it because Abe wins. Then retest of 121.84 then onwards to 300 lol

Still early! We have a few good hours left. Consolidation will definitely be in the equation...which is vital for a good continuation.
  • #632
  • Dec 11, 2014 8:56am Dec 11, 2014 8:56am
BULLS ARE BACK BABY!!! Deep C retracement, nearly caused a reversal. D extension should be 122.50. Important to note a potential H/S pattern here on the one hour.
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Good luck and may the odds be ever in your favor!
  • #633
  • Dec 11, 2014 9:00am Dec 11, 2014 9:00am
Quoting Sunsilk
{quote} Nice trading.
Thanks
  • #634
  • Dec 11, 2014 9:02am Dec 11, 2014 9:02am
Nicely done Riz btw did you take partial profit at your first target?
  • #635
  • Dec 11, 2014 9:04am Dec 11, 2014 9:04am
Quoting TessiaFx
Nicely done Riz btw did you take partial profit at your first target?

I didn't I want to see some new highs.
  • #636
  • Dec 11, 2014 9:10am Dec 11, 2014 9:10am
Just wanted to sympathize with those who lost a lot on this big pull down. I've been trading for almost 3 years now and I'm still learning. I hope everyone took notes on their mistakes and will make lots of profit in the future!!!
Good luck and may the odds be ever in your favor!
  • #637
  • Dec 11, 2014 9:14am Dec 11, 2014 9:14am
Quoting dbutton1990
Just wanted to sympathize with those who lost a lot on this big pull down. I've been trading for almost 3 years now and I'm still learning. I hope everyone took notes on their mistakes and will make lots of profit in the future!!!
well thank you, lol, but yea i lost 3k on that drop, but thats ok, havent taken a loss on that pair since august ..

definately learned also, made 3 mistakes which caused that loss (live, trade, learn)
  • #638
  • Dec 11, 2014 9:18am Dec 11, 2014 9:18am
Quoting Rizmeister
{quote} I didn't I want to see some new highs.
Think I am going to re buy in before the weekend. After today will be looking for price to come back down and test support 118.70 or somewhere close and might buy in. Depending on if that support holds.

Normally don't hold positions over weekend but I will put a tight stop and see where it takes me.

FOMC meeting next week as well. Are they going to be talking about interest rates? Surely with a decent economy you would be looking at them fast tracking this to earlier than september.

Who knows.
  • #639
  • Dec 11, 2014 9:20am Dec 11, 2014 9:20am
Quoting dbutton1990
Just wanted to sympathize with those who lost a lot on this big pull down. I've been trading for almost 3 years now and I'm still learning. I hope everyone took notes on their mistakes and will make lots of profit in the future!!!
It's worth it because I reloaded my account, held on for the ride, and am now 7k up... BINGO
  • #640
  • Dec 11, 2014 9:23am Dec 11, 2014 9:23am
Quoting chsortman
{quote} It's worth it because I reloaded my account, held on for the ride, and am now 7k up... BINGO


Edit: I made back about 4k so far. Need to go a lot higher!
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