I have taken a new long @ 12550 with a target of 12660 and stop @ 12440....
Just a note, you may want to shorten your target just a hair.
I have E/U headed up to around 1.2647. The safe play for me would be to get out around 1.2603.
Just my 2 pips.
BTW I also have the E/U touching the 1.2530 area around or slightly before 8 am EST Thursday based on my channel and also the past few days moves.
Last edited by NHAppraiser; 06-06-2012 at 06:00 PM.
Just a note, you may want to shorten your target just a hair.
I have E/U headed up to around 1.2647. The safe play for me would be to get out around 1.2603.
Just my 2 pips.
BTW I also have the E/U touching the 1.2530 area around or slightly before 8 am EST Thursday based on my channel and also the past few days moves.
new platform setup for BB so far I like them, now to better understand them
1.2623 next target, we closed above the 23.6 and it stopped the most recent rally above 2600 and its near the 38.2 from 3278 to 2288 at 1.2628. At a min we will see a bounce , I have a limit order at 2620 open objective stops TBT on momentum as it approaches. Would prefer to see a fast move to target and not a slow grind it needs to stay above 2523 now
Medium-term targets have changed with the first at1.2211, 1.2160 and 1.2007. I have not ruled out the possibility to see EUR/USD react uptrend again to the 1.2625. It is important to look at today's closing to see if there is such a mood. In any case, I am looking for opportunities to entry short at higher levels...
Once again, the medium term targets has changed to first at 1.2255, 1.2160 and 1.2051. The current uptrend movement close to the 1.2625 is absolutely normal and within the framework of a decent correction. 1.2550-1.2707 area is good for opening short positions. It is very likely EUR/USD reach and break the 1.2625 and extremely difficult to rise to 1.2707. If we see such a move then we will see a violent reaction leading to the targets I described. In any case I do not want to see daily candlestick closing above 1.2625. That would make me consider reversing the medium term downtrend to uptrend.
For the day the SPX/DOW were +2.35%, and the NDX/NAZ were +2.40%. Bonds lost 24 ticks, Crude gained $1.15, Gold added $1, and the USD was lower. Support for the SPX jumps to the 1313 and 1303 pivots, with resistance now at the 1363 and 1372 pivots
You know traders are stubborn types. It is hard to change and accept something "new" and improved when you have:
1) Spent most of your life searching and testing an approach
2) Spent most of your time and money being your own "crash test dummy" to prove that it works
3) Spent time and money following other people who make unbelievable promises 4) Have realized that the thing your doing that you committed blood, sweat, tears to actually makes you consistent money; your equity curve continues to rise.
Out of those 4 reasons to be stubborn, #4 is the best reason to be stubborn----If it works, why fix it...more power to ya Cw1!
Well put! Why would anyone share a system they developed that is working after going through all the sweat, blood and tears, freely? It is actually not necessary to share the system, but is hoped that some insights can be gained from sharing by the experts, so that individual can develop their own way of trading that fit their risk profile.
I take it you are quite young.. 30% in one trade and 100% sure signal...........
I apologize but there is no system in the entire world or universe that is 100%.....
hence, I must escuse myself from the offer.. 100% sure trade, you be a billionaire in less than a yr.. why would you want to sell your system away...........
Good Luck to you..
Lol...my system (Get pips , Get paid, Purple and Yellow Polkadots ) You can throw mathematical equations in there too.
Anyway heres what I see for now...
I couldnt be happier with the ability to hedge right now, its worth the 2 trillion pip spread ...I guess, nonetheless I have some killer buys at the bottom that are loving me right now.... I see a typical res at the top of the cloud here, I expect a break through and too follow a path sorta like you see on my chart. That 200 sma isnt too far off and im relatively sure we will start the fall again before that. If not...oh well im still fading this and will continue too every time it looks "toppy"
The numbers out of Australia were insane and the numbers out of EUR werent THAT bad. It WILL prop the Eur up for a bit, there is no stopping the correlation. Everyone should keep that in mind.
Possible bear flag on euro 4 hrs and hence we can push a lift higher if we can break the double tops into 2585... Incase we are heading higher and reaching around 2650-63, need to be caution for this is a possible turning point..
As most of the time, a play-out within a bull / bear channel at times can be lackluster for it can simply move up and down this channel prior to attaining a breakout..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Lol...my system (Get pips , Get paid, Purple and Yellow Polkadots ) You can throw mathematical equations in there too.
Anyway heres what I see for now...
I couldnt be happier with the ability to hedge right now, its worth the 2 trillion pip spread ...I guess, nonetheless I have some killer buys at the bottom that are loving me right now.... I see a typical res at the top of the cloud here, I expect a break through and too follow a path sorta like you see on my chart. That 200 sma isnt too far off and im relatively sure we will start the fall again before that. If not...oh well im still fading this and will continue too every time it looks "toppy"
The numbers out of Australia were insane and the numbers out of EUR werent THAT bad. It WILL prop the Eur up for a bit, there is no stopping the correlation. Everyone should keep that in mind.
Should we wait for more high ? As I think... NO....
Please elaborate...what does the full moon have to do with trading?
Funny thing is, a buddy and I looked back a few weeks ago at all the full moons for the past year thinking it may have something to do with trading. I would love to hear many opinions should there be any!!!
Thanks
Hi, 11ONE,
I have had a fancy with moon phasing in correlation with the market recently and tried to observe its influence on trading. Simply put, FULL MOON tends to pull up prices which signals for good buy entries and a NEW MOON PHASE signals for sell entries. So to further explain my hesitation yesterday to hold my short position was partially due to the FULL MOON and of course, mostly technical points popping up on my monitor.
Well, I guess it won't hurt to study this phenomenon in line with trading as it is a known fact that the Moon has a considerable effect on planet Earth. May sound kinda esoteric or mystical but it may be more scientific too than what we think.
download shazamm on your phone and it will tell you the song
Thanks for your reply! Unfortunately, my phone doesn't have that capability. I googled shazamm and it looks pretty amazing. What happens? Someone who downloads it, then somehow it listens to music from outside your cell phone and tells you the title? Surely it can't do that!
Thanks for your reply! Unfortunately, my phone doesn't have that capability. I googled shazamm and it looks pretty amazing. What happens? Someone who downloads it, then somehow it listens to music from outside your cell phone and tells you the title? Surely it can't do that!
No matter what song or tune you hear you can hold your phone up to it and it tells you what it is. Its amazing yes!
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Originally Posted by Bal
so far I like them, now to better understand them 
it needs to stay above 2523 now
