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06-10-2008, 03:47 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,942
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Quote:
Originally Posted by stryker
shorts from 5839 liquidated (last one) at 5570.. single long in from 5570 with tight s/l at 5558... time to hit the sack and off to sleep.... limit is open, incase the whole thing reverses....
had few more shorts from 5640 taken nefore the fed spoke also out at 5570..
GL AL ....
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looks like i was thrown out the moment i switched the laptop off.
no worries, i have made my monthly avg so far, and time to take a lil time off.
all work and no play makes us all !!! well! we all know that...
i do got the yen entries honored avg now 106.74 and would bail them out soon...
i like to stay flat for a day or two and have some time off.....
GL aLL.....
__________________
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...
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06-10-2008, 03:50 AM
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Posts: 138
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Entry 5545
Target 5660
Last edited by chupacabra; 06-10-2008 at 04:00 AM..
Reason: Make that 5660, not 5670
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06-10-2008, 04:04 AM
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Join Date: Apr 2008
Posts: 150
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Quote:
Originally Posted by chupacabra
Entry 5545
Target 5660
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do you think it will go up ?
why does it move like this ?
down 300 points in almost 24 hours .
why ?
is dollar so strong to jump like that ?
or it is just a manipulation ?
what do you think ? |
06-10-2008, 04:10 AM
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Smartboy, the one thing you probably have to learn if you want to be a technical trader is to never ask why things happen. I've made that mistake too many times myself. Wondering why the yen crosses didn't move down with the major indices. It's really no point asking. The only thing I try to look at is charts. And mainly at fibonacci levels in combination with some simple oscillators.
And to answer your first question: yes, I think it will go up. Hence my long position.
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06-10-2008, 04:16 AM
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Join Date: May 2008
Posts: 232
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Looks like my money might be going into your pocket!
Im banking on a hit at my 2nd support before it heads up. Tentative resistance levels are now 61.8% @ 55475 and 55580. a break through that and you're in business =)
Edit: SL moved up to 55466, peak of previous pullback after initial drop. Tgt might be moved to 54672 78.6 fibo level.
Last edited by dennisc; 06-10-2008 at 04:42 AM..
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06-10-2008, 04:23 AM
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100 Post Club
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Join Date: May 2005
Posts: 876
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Quote:
Originally Posted by chupacabra
Entry 5545
Target 5660
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... and your stop loss? |
06-10-2008, 04:37 AM
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Join Date: May 2008
Posts: 120
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Quote:
Originally Posted by dennisc
Looks like my money might be going into your pocket!
Im banking on a hit at my 2nd support before it heads up. Tentative resistance levels are now 61.8% @ 55475 and 55580. a break through that and you're in business =)
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I was wondering if you are looking at the current fib levels the same way as i am? 4h chart posted. I am counting on a dip to 1.547-1.548 (As i write this it just went through 5520), hitting the next fib level at 76.4% which is also the at the lower bollinger band. Then, a correction back to 38,2% fibo around 1.565-1.566..
Best,
Salsaprince  )
Last edited by Salsaprince; 06-10-2008 at 04:40 AM..
Reason: Far too big image, sorry!
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06-10-2008, 04:39 AM
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100 Post Club
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Join Date: May 2005
Posts: 876
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Long .5517 SL .5417
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06-10-2008, 04:45 AM
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Join Date: May 2008
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5470-5480 is indeed the area we're heading to. Looking to go long there with stop @ 5440. Looking for 5640
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06-10-2008, 04:50 AM
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i'm long EURUSD at 1.5510 ... TP1: 1.5600-10 --- TP2: 1.5700-10
SL 1.5450
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06-10-2008, 05:00 AM
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I think we all have our stoplosses around the same levels.
I'd go for 5440 as well. It would be a beautiful upside down head & shoulders pattern. A bit like an Italian bending over with his head down, staring at the grass.
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06-10-2008, 05:03 AM
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Join Date: May 2008
Posts: 57
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Quote:
Originally Posted by dennisc
Looks like my money might be going into your pocket!
Im banking on a hit at my 2nd support before it heads up. Tentative resistance levels are now 61.8% @ 55475 and 55580. a break through that and you're in business =)
Edit: SL moved up to 55466, peak of previous pullback after initial drop. Tgt might be moved to 54672 78.6 fibo level.
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dennis-Do you scan many markets looking for good trades or just concentrate on a few pairs? |
06-10-2008, 05:08 AM
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100 Post Club
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Quote:
Originally Posted by chupacabra
It would be a beautiful upside down head & shoulders pattern. A bit like an Italian bending over with his head down, staring at the grass.
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LOL! From the Technical Analysis by Piet Mondrian |
06-10-2008, 05:14 AM
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Join Date: May 2008
Posts: 232
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Quote:
Originally Posted by Salsaprince
I was wondering if you are looking at the current fib levels the same way as i am? 4h chart posted. I am counting on a dip to 1.547-1.548 (As i write this it just went through 5520), hitting the next fib level at 76.4% which is also the at the lower bollinger band. Then, a correction back to 38,2% fibo around 1.565-1.566..
Best,
Salsaprince ) |
Hi salsa prince, i believe we are looking at the same levels, i've attached my chart for your comparison.
Liquidated my short at 5510. Now looking to short a bounce off 55245 to head down to 54770. I still think it should hit at least 5477 the most 5470-5465 in the vicinity of the 78.6% fibo. Then again, might be wrong.
GL All! |
06-10-2008, 05:16 AM
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forgot to attach the chart! haha, here it is
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