|
|
 |
|
07-11-2008, 01:47 AM
|
 |
Member
|
|
Join Date: May 2008
Posts: 232
|
|
Quote:
Originally Posted by cmellon
I also shorted yesterday @1.5798. Also plan to buy a dip, but that level you plan to buy IMO is too high. I prefer to buy dip around @1.571, 50% fib in daily chart.
|
Hmm u may be right... hard to say at the moment, im playing it safe for now. Afraid to miss the tide u know? haha. Thanks for ur feedback tho  |
07-11-2008, 01:48 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 177
|
|
|
heloo any one using saxo? i find an error in reaching trading server. any one facing?
any one facing problem with trading server of saxo?
|
07-11-2008, 01:57 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 232
|
|
|
I believe salsa uses saxo, he isn't here tho... no drastic moves atm, not to worry, EURUSD is creating a tiny breakout triangle in the one min.
|
07-11-2008, 02:02 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 177
|
|
|
seems this tide will be like hurricane kathrina.
Quote:
Originally Posted by dennisc
Hmm u may be right... hard to say at the moment, im playing it safe for now. Afraid to miss the tide u know? haha. Thanks for ur feedback tho |
thanks dennice for the information.
i placed a sell order against my position 72. at 84.
seems a big trap is coming in euro. even if it goes to 5860 don't surprise.
feel like same as yesterday..selling at higher level and accumulate at lower level
later a big move later all will be in cue to cut the short. |
07-11-2008, 02:04 AM
|
 |
100 Post Club
|
|
Join Date: Apr 2005
Posts: 252
|
|
|
All ok with Saxo.. No problems at moment. But there is new update available.. maybe you have problems with that?
GL
|
07-11-2008, 02:23 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 120
|
|
Oh im here! Watching over you guys, like a hawk, stealing good ideas 
Saxo works fine atm, but yes, update was running yesterday i remember. Could be your problem, e.g. if your firewall hasnt mentioned the change and just blocks it. Happened to me once. Reinstalled the firewall and it worked again..
On for euro, i actually closed my shorts for small profit. I have come to the conclusion that i dont like having open positions when i am off the screen. You might think it hurts my profit potential, but it hurts my life beyond trading even more (family, friends, GF, etc..) as i will think of the trade and check the newest charts on my cell phone all the time. Kind of an addict! 
So, my promise is hereby stated "Thou shall not trade when you are not able to act.."
But on for some action now! not much to report... boooring. Recent smaller downmove a result of ugly bearish gartley in the 1min chart, can also be spotted in 5min chart. My prophecy: Range trade until the news are out.
/Salsa |
07-11-2008, 02:39 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 232
|
|
|
Okay, i've a small short at 5774 looking for a break of 5765. Next support 5760, then 5745 where my buy order is waiting as well as my TP for my short, will hold on to short if no signs of stopping.
Another buy order waiting at 5732.
|
07-11-2008, 02:41 AM
|
 |
Member
|
|
Join Date: Apr 2008
Posts: 1,495
|
|
Quote:
Originally Posted by Salsaprince
Oh im here! Watching over you guys, like a hawk, stealing good ideas
Saxo works fine atm, but yes, update was running yesterday i remember. Could be your problem, e.g. if your firewall hasnt mentioned the change and just blocks it. Happened to me once. Reinstalled the firewall and it worked again..
On for euro, i actually closed my shorts for small profit. I have come to the conclusion that i dont like having open positions when i am off the screen. You might think it hurts my profit potential, but it hurts my life beyond trading even more (family, friends, GF, etc..) as i will think of the trade and check the newest charts on my cell phone all the time. Kind of an addict!
So, my promise is hereby stated "Thou shall not trade when you are not able to act.."
But on for some action now! not much to report... boooring. Recent smaller downmove a result of ugly bearish gartley in the 1min chart, can also be spotted in 5min chart. My prophecy: Range trade until the news are out.
/Salsa |
SP, I wonder if you draw butterfly and bat in your cell phone as well
Perhaps also teach your GF to draw?
|
07-11-2008, 02:44 AM
|
|
Member
|
|
Join Date: Apr 2008
Posts: 1,495
|
|
|
I put a TP for my short 1.5798 at 1.5714.
Also prepare my buy at 1.5714, Stop Loss 1.567, Target Profit 1.584.
GL all today
|
07-11-2008, 02:45 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 177
|
|
|
thanks bibi
Quote:
Originally Posted by Bibi
All ok with Saxo.. No problems at moment. But there is new update available.. maybe you have problems with that?
GL
|
thanks dear. still trying to solve it.
even i am not getting access to official web site. |
07-11-2008, 02:53 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 120
|
|
Quote:
Originally Posted by cmellon
SP, I wonder if you draw butterfly and bat in your cell phone as well
Perhaps also teach your GF to draw? |
LOL?
Anyway, here is what formed atm. Bullish Garley in 15min chart. Trading it carefully entry at 1.5771, with tight hedge at 1.5760, as it could form a bigger pattern. Looking for target beyond 1.5800, but not higher than 1.5825..
/Salsa
Updates:
7:02GMT - after upmove, hedge moved to 1.5774...
7:09GMT - trade closed, taking 13 pip profit
7:23GMT - Looking to buy again if it reaches 1.576 9
Last edited by Salsaprince; 07-11-2008 at 03:26 AM..
Reason: Update
|
07-11-2008, 03:28 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 120
|
|
Quote:
Originally Posted by cmellon
I put a TP for my short 1.5798 at 1.5714.
Also prepare my buy at 1.5714, Stop Loss 1.567, Target Profit 1.584.
GL all today
|
Hey mellon, just curious. What support levels are you using to determine your stops? TLs, fib%?
/SP |
07-11-2008, 04:01 AM
|
|
Member
|
|
Join Date: Apr 2008
Posts: 1,495
|
|
Quote:
Originally Posted by Salsaprince
Hey mellon, just curious. What support levels are you using to determine your stops? TLs, fib%?
/SP |
Hi SP,
It's a combination of TL and fib% in this particular case. Also it has to obey the rule that TP should be at least 2x the SL.
From 4 hour chart TL, price should be above 1.567 at the bottom.
From daily FIB, 61.8% retracement from 1.561 - 1.5801 should also be above 1.567.That's why I set it to be 1.567. I am a swing and intraday trader, don't like to keep open position for too many days.
Last edited by cmellon; 04-05-2009 at 07:26 PM..
|
07-11-2008, 04:11 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 120
|
|
Quote:
Originally Posted by cmellon
Hi SP,
It's a combination of TL and fib% in this particular case. Also it has to obey the rule that TP should be at least 2x the SL.
From 4 hour chart TL, price should be above 1.567 at the bottom.
From daily FIB, 61.8% retracement from 1.561 - 1.5801 should also be above 1.567.That's why I set it to be 1.567. I am a swing and intraday trader, don't like to keep open position for too many days.
|
Ahh, nice nice. I see. You could say that i am using fib levels as well, just in the pattern formations that i am looking for. However, not familiar with the appliance of TLs. Still learning to figure proper support and resistance strength out.. |
07-11-2008, 04:41 AM
|
|
Member
|
|
Join Date: May 2008
Posts: 120
|
|
Now this is funny. Missed the move by 0.6 pips, LOL. Will wait and see when pattern formation is done. Bearish butterfly in 15min chart ending possible around 1.5805 and 1.5815. A higher move, to around 1.5823, would complete a huge bearish bat in the 4H chart |
|
|
| Thread Tools |
|
|
| Rate This Thread |
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|
