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  • #1,081,881
  • Nov 30, 2016 5:07am Nov 30, 2016 5:07am
I was out for job...returned and found the BP barn...burned out...

SL saved me ,fortunately.... but was not smart enough to anticipate it and reverse there... @@@

NOW , first I protect my longs in E. at 1.06 18 and reverse there [just in case it plays the same movie...]

In BP I want to short at 1.24 50 and 60 IF it reaches that far... SL at 1.24 90
Very interesting times crew.
  • #1,081,882
  • Nov 30, 2016 5:13am Nov 30, 2016 5:13am
Quoting OnlineAddict
{quote} Exactly, chart always says the whole story...I can't really explain how I saw the drop...its the same with foreign languages...I can use them, but I can't teach them...its just automated after a while.
Quoting yuddy
{quote} GU is sinking fast!!!! gooooosh whats the cause for such fall?
Technical rubbish here
It's the end of the month flows

Charts says everything, ...building for a drop, my ass ...on the contrary, it should continued up from the Fibo ret.,
the start was perfect, but it was brought back by the end of the month flows!

Other consequences: GBPUSD drops to 1.2425 in a flash as EURGBP gets hoovered up EURGBP jumping to 0.8563. Monday's high at 0.8566 is where we're finding it tough.
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Member
  • #1,081,883
  • Nov 30, 2016 5:14am Nov 30, 2016 5:14am
I will trade Draghi for a little profit and that will be all. Just catch the trend for a few minutes... this EU is soooo annoying
  • #1,081,884
  • Nov 30, 2016 5:19am Nov 30, 2016 5:19am
Quoting zapiron
I will trade Draghi for a little profit and that will be all. Just catch the trend for a few minutes... this EU is soooo annoying
Take a really good care! Trading Draghi it's so risky!
Member
  • #1,081,885
  • Nov 30, 2016 5:22am Nov 30, 2016 5:22am
Quoting TudorIoan
it should continued up from the Fibo ret., the start was perfect, but it was brought back by the end of the month flows!
It should have? Based on what? Its been topping around 2500 for half the day, started yesterday...retried the 2500 area today and bam. Dude, its all in the chart, you like it or not, and SLs are for situations when not...But I am not going to argue about it, there is no point, shall everyone trade what they want. I will rest for the rest of the week.
Everyone can see the chart, but only a few can actually read it.
  • #1,081,886
  • Nov 30, 2016 5:29am Nov 30, 2016 5:29am
Quoting OnlineAddict
{quote} It should have? Based on what? Its been topping around 2500 for half the day, started yesterday...retried the 2500 area today and bam. Dude, its all in the chart, you like it or not, and SLs are for situations when not...But I am not going to argue about it, there is no point, shall everyone trade what they want. I will rest for the rest of the week.
It's a classic method in front of your eyes and you ask "based on what" ???
Dude, go rest for the rest of the week!
Member
  • #1,081,887
  • Nov 30, 2016 5:36am Nov 30, 2016 5:36am
May I remind you,

that too much resting is against profits.
  • #1,081,888
  • Nov 30, 2016 5:40am Nov 30, 2016 5:40am
Quoting TudorIoan
{quote} It's a classic method in front of your eyes and you ask "based on what" ??? Dude, go rest for the rest of the week!
I was looking at it all day and I saw a drop coming...we are seing two different things when looking at charts, apparently.
Everyone can see the chart, but only a few can actually read it.
  • #1,081,889
  • Nov 30, 2016 5:46am Nov 30, 2016 5:46am
Quoting OnlineAddict
{quote} I was looking at it all day and I saw a drop coming...we are seing two different things when looking at charts, apparently.
Only two? ...and do you really think we all see the same thing when we are looking the chart?!
edit: look at the E/U chart. Almost the same thing. There was an obvious possible drop there too. But the rate went up right from the Fibo lvl.
Quoting F.g
May I remind you, that too much resting is against profits.
F.g, you little devil!
Member
  • #1,081,890
  • Nov 30, 2016 5:49am Nov 30, 2016 5:49am
Quoting zapiron
I will trade Draghi for a little profit and that will be all. Just catch the trend for a few minutes... this EU is soooo annoying
Good luck, I'm trading Draghi speech too.
I will scalp for just a few pips and hold my hand tight
NarenRaj
  • #1,081,891
  • Edited 6:23am Nov 30, 2016 5:54am | Edited 6:23am
I have sold at 1.06572 for 1.064 target (Target 1) and 1.063 target 2. No SL as I strongly believe the pair will end the day lower. If the pair will go to upside I will wait then to buy a dip toward 1.0610-20.
  • #1,081,892
  • Nov 30, 2016 5:57am Nov 30, 2016 5:57am
Quoting TudorIoan
{quote} Only two? ...and do you really think we all see the same thing when we are looking the chart?! edit: look at the E/U chart. Almost the same thing. There was an obvious possible drop there too. But the rate went up right from the Fibo lvl. {quote} F.g, you little devil!
For EU to create a similar drop pattern, the next hour would need to close around 635 or lower. That would open the road for a drop...how big I have no idea...not trading anymore today.
Everyone can see the chart, but only a few can actually read it.
  • #1,081,893
  • Nov 30, 2016 6:00am Nov 30, 2016 6:00am
...building for a drop, my ass ...on the contrary, it should continued up from the Fibo ret., the start was perfect, but it was brought back by the end of the month flows!

End of the month flows should have brought it back up IMO , but I was obviously wrong .
Should be aiming for 1.2405 now .......
  • #1,081,894
  • Nov 30, 2016 6:02am Nov 30, 2016 6:02am
Quoting pipshaman
I have sold at 1.06572 for 1.064 target (Target 1) and 1.063 target 2. No SL as I strongly believe the pair will end the day lower. If the pair will go to upside I will wait then to buy a dip toward 1.0610-20.
My friend... if it drops down to 1.06 10 it won't be a buy anymore . It will be time to call your mother for assistance .

  • #1,081,895
  • Nov 30, 2016 6:02am Nov 30, 2016 6:02am
Quoting OnlineAddict
{quote} For EU to create a similar drop pattern, the next hour would need to close around 635 or lower. That would open the road for a drop...how big I have no idea...not trading anymore today.
Why wouldn't the road for a drop had been opened when the price was much lower, like 1.0619?
And at what price have you seen the drop will occur on pound?
(sorry, I know you want to rest)
Member
  • #1,081,896
  • Nov 30, 2016 6:13am Nov 30, 2016 6:13am
Quoting TudorIoan
{quote} Why wouldn't the road for a drop had been opened when the price was much lower, like 1.0619? And at what price have you seen the drop will occur on pound? (sorry, I know you want to rest)
620 was a normal retrace on yesterday's bull, if today was a no news day, it would have been probably the low, now NFP can mess it all up. As for GU, I was watching it most day yesterday and then the first few hours during asian session on a minute chart, just to see the refusal of every spike up...so I was just waiting for a quick spike above 2500 to short it...but it didn't even have fuel for that...europeans had to provide fuel for what was been building all night. The refusal of 2500 on H1 confirmed the drop. Bulls really need to close a day above 2500 to crack this area and spike up...otherwise there is no power.
Everyone can see the chart, but only a few can actually read it.
  • #1,081,897
  • Nov 30, 2016 6:24am Nov 30, 2016 6:24am
Quoting pipshaman
I have sold at 1.06572 for 1.064 target (Target 1) and 1.063 target 2. No SL as I strongly believe the pair will end the day lower. If the pair will go to upside I will wait then to buy a dip toward 1.0610-20.
Both targets met! I congratulate myself (Agh-ugh, my EGO is inflated lol )
  • #1,081,898
  • Nov 30, 2016 6:29am Nov 30, 2016 6:29am
Quoting pipshaman
{quote} Both targets met! I congratulate myself (Agh-ugh, my EGO is inflated lol )
Good work !
  • #1,081,899
  • Nov 30, 2016 6:32am Nov 30, 2016 6:32am
Quoting OnlineAddict
{quote} 620 was a normal retrace on yesterday's bull, if today was a no news day, it would have been probably the low, now NFP can mess it all up. As for GU, I was watching it most day yesterday and then the first few hours during asian session on a minute chart, just to see the refusal of every spike up...so I was just waiting for a quick spike above 2500 to short it...but it didn't even have fuel for that...europeans had to provide fuel for what was been building all night. The refusal of 2500 on H1 confirmed the drop. Bulls really need to close...
"620 was a normal retrace on yesterday's bull"
"europeans had to provide fuel for what was been building all night"
"Bulls really need to close a day above 2500"
...very interesting. Thank you.

btw, you know, I can prove that 2=3

well, if we start from : (3-1)2=(8-5)(4-2) (supposed obvious, true, as your sentences above)
we have: (3-1)2=(8-5)2
... 3-1=8-5
...2=3
that is what happens when we assume the probabilities as certitudes and we justify the premises with the whishful result

Never mind, you're doing good, I'm sure you're a good trader.
But everyone has its style

Quoting pipshaman
{quote} Both targets met! I congratulate myself (Agh-ugh, my EGO is inflated lol )
Go, Shaman!
Member
  • #1,081,900
  • Nov 30, 2016 6:35am Nov 30, 2016 6:35am
Risky business not using a Stop loss PipShaman! It worked today but it is a slippery slope!!!
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