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Bull City Baby! Buying Opportunities

  • #721
  • Dec 11, 2014 2:39pm Dec 11, 2014 2:39pm
Definitely some small bears around.

Edit: Be patient and see what it has to offer.
  • #722
  • Dec 11, 2014 2:42pm Dec 11, 2014 2:42pm
Quoting TessiaFx
So, what I'm teaching myself is that the market will always be moving, and there will always be a point where I can jump in... But has been a slow learning process, and still learning to be disciplined and patient...
I can relate to this...... the number of times that I got annoyed as I had " missed a move" lets just say it has happened a lot but have also slowly learnt that it will always be there and will always be moving so another good entry will inevitably present itself....[/quote]

That mindset will take you far. I still feel like that sometimes, don't think that will ever leave you.

Discipline is so important. I have two accounts, one is based on risk and strict money management with journal, the other is a little less strict. I feel like I am a lot less likely to 'gamble' this way. Easy to switch between the two accounts as well .

I feel that helps me when I see an opportunity but not really any sort of set up. Still use stops as trading without is a guarenteed death wish. One bad trade the wrong way, too many positions open can wipe ya good and proper. Been there done that, didn't like it.

But everyone learns every day and I like that about trading. I am also enjoying this forum and the people on it. Good to chat about it.
  • #723
  • Dec 11, 2014 2:44pm Dec 11, 2014 2:44pm
Quoting Rizmeister
Definitely some small bears around. Edit: Be patient and see what it has to offer.
Good advice. I will take the trade at 119.65.
  • #724
  • Dec 11, 2014 2:48pm Dec 11, 2014 2:48pm
@sun Check your messages.
  • #725
  • Dec 11, 2014 2:52pm Dec 11, 2014 2:52pm
well that sucked
  • #726
  • Dec 11, 2014 2:53pm Dec 11, 2014 2:53pm
You have to pay attention. It failed to make a new high on the repop. You also need to be looking at other pairs. Would have told you yen was gaining strength.
Edit: Simple price action and correlations.
  • #727
  • Dec 11, 2014 2:58pm Dec 11, 2014 2:58pm
Quoting Rizmeister
You have to pay attention. It failed to make a new high on the repop. You also need to be looking at other pairs. Would have told you yen was gaining strength. Edit: Simple price action and correlations.
Should have told me... not would have...
  • #728
  • Dec 11, 2014 3:00pm Dec 11, 2014 3:00pm
Quoting chsortman
{quote} Should have told me... not would have...

chsortman! You cant just put your money in and pray it goes up or down. Open up some yen crosses on your chart and some usd/x. You can see where money is moving and how it is reacting at certain levels.


We are going to see alot of up and down at this part of the day... we will have to wait to Asian session to see a continuation or further retracement.
  • #729
  • Dec 11, 2014 3:04pm Dec 11, 2014 3:04pm
I am on fire today. Love when the market follows price action.

Edit: we might see some support here on the 200 ma
  • #730
  • Dec 11, 2014 3:06pm Dec 11, 2014 3:06pm
Quoting Rizmeister
{quote} chsortman! You cant just put your money in and pray it goes up or down. Open up some yen crosses on your chart and some usd/x. You can see where money is moving and how it is reacting at certain levels. We are going to see alot of up and down at this part of the day... we will have to wait to Asian session to see a continuation or further retracement.
Not a big deal, just a minor stop out. I don't have time to watch crosses. I'm literally working while I trade (I'm a dentist). I pop in, make a trade, pop out... no time! I like this drop though... it will be fun later.
  • #731
  • Dec 11, 2014 3:07pm Dec 11, 2014 3:07pm
Reverse Head and Sholders with possible good rebound towards bulls?
  • #732
  • Dec 11, 2014 3:07pm Dec 11, 2014 3:07pm
Quoting chsortman
{quote} Not a big deal, just a minor stop out. I don't have time to watch crosses. I'm literally working while I trade (I'm a dentist). I pop in, make a trade, pop out... no time! I like this drop though... it will be fun later.

Funny chsortman!! I just dropped out of Dental Hygiene school! To trade fulltime!

Amazing GPA top in Clinic. I am a male so everyone wanted me hahahaha

Bounced off of the 200 ma as expected. Lets see if it holds.


Edit: Went to Fones School Of Dental Hygiene in CT. Got certified to give Local A. as well. Only guy in class out of 50 lol.
  • #733
  • Dec 11, 2014 3:11pm Dec 11, 2014 3:11pm
Quoting dbutton1990
{quote} a retest of 119-118.80
Sometimes I really need to pay attention to my own advice lol
Good luck and may the odds be ever in your favor!
  • #734
  • Dec 11, 2014 3:16pm Dec 11, 2014 3:16pm
Hey guys. I decided, if buyers can be together on a thread, then why not sellers? Post 1
  • #735
  • Dec 11, 2014 3:18pm Dec 11, 2014 3:18pm
Quoting benaiah
Hey guys. I decided, if buyers can be together on a thread, then why not sellers? Post 1

AWESOME! Great idea. Opportunity on both sides of the field buddy!
  • #736
  • Dec 11, 2014 3:26pm Dec 11, 2014 3:26pm
What would you guys like to see price wise to end the week at? Im thinking somewhere around 120.50-121
Good luck and may the odds be ever in your favor!
  • #737
  • Dec 11, 2014 3:46pm Dec 11, 2014 3:46pm
Should find support here at this level....Look at that reverse H/S
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 122 KB
Good luck and may the odds be ever in your favor!
  • #738
  • Dec 11, 2014 3:48pm Dec 11, 2014 3:48pm
Quoting dbutton1990
What would you guys like to see price wise to end the week at? Im thinking somewhere around 120.50-121
I see the need to get above 119.91 as soon as possible, to re-establish the trend. And ideally a new high, but that will take some major bull power to do in 2 days...
  • #739
  • Dec 11, 2014 3:56pm Dec 11, 2014 3:56pm
Trying a quick scalp here.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 9 KB


10 pip stop

Edit: Might pay off and ill let it run.
  • #740
  • Dec 11, 2014 3:59pm Dec 11, 2014 3:59pm
Quoting dbutton1990
Should find support here at this level....Look at that reverse H/S {image}
Definitely on the lookout for support to be found. But I think the next level down around 118.29 shows more recent support, and is more likely. But I'll be watching the price to see when it bounces, so I can get back in long...
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