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07-31-2008, 10:40 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 b3nni
So actually there are no certain rules w regards to the Tls you see/ draw-- you take a look at the charts and 'feel' where the Tls have to be so that it all makes sense at the end of the day.
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i do follow the basic concepts, but over the years yes i have developed other ways of plotting them as they have been back tested and before i started implying them for trades.... plus most of my charts are preposted before the actual price action happens......
in the end when trading forex, what works for you, you should tick to it, otherwise there are too many tools for trading..... the simplicity is the best policy and thats what i stick to..........
GL........ im out a here.. longs in at 5587.. stops rt below the low at 5564.....
EDIT:: longs with trailing 15 pips stops....... ammended the limit to 5648.............
__________________
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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07-31-2008, 10:46 AM
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Join Date: Jun 2008
Posts: 15
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you are right
Quote:
Originally Posted by stryker
i do follow the basic concepts, but over the years yes i have developed other ways of plotting them as they have been back tested and before i started implying them for trades.... plus most of my charts are preposted before the actual price action happens......
in the end when trading forex, what works for you, you should tick to it, otherwise there are too many tools for trading..... the simplicity is the best policy and thats what i stick to..........
GL........ im out a here.. longs in at 5587.. stops rt below the low at 5564.....
EDIT:: longs with trailing 15 pips stops....... ammended the limit to 5648.............
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but i canno`t understand witch time frame of charts are you using because as mutch as i tried zoom my chart a couldnt find your view of chart . cold you send some detials pls . thanks |
07-31-2008, 10:47 AM
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Join Date: Feb 2008
Posts: 177
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crude is testing 123.84 for the last 15 minutes and the EUR is tersting 1.5580, which way will it go ??
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07-31-2008, 10:50 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,942
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leaving now..
posting this simple 30 mins charts, explaining the current trade and the tgt.
5646 would or should incline to 5648-51 in next 2-3 hrs....
stops below 5575, longs in from the breakout region as apparent on the charts.......
GL.........
EDIT:
5605-10 could be a hurdle...........
__________________
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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07-31-2008, 10:53 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 fesi1
but i canno`t understand witch time frame of charts are you using because as mutch as i tried zoom my chart a couldnt find your view of chart . cold you send some detials pls . thanks
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main trade charts are always 4hrs, if others i would say weekly, hrly or 30 mins..
__________________
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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07-31-2008, 11:11 AM
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Join Date: Jul 2008
Posts: 147
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Quote:
Originally Posted by pf0351
crude is testing 123.84 for the last 15 minutes and the EUR is tersting 1.5580, which way will it go ??
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first light lot 5575 so now
second lot heavier 5570-75
try both w stop 5562 |
07-31-2008, 11:24 AM
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Join Date: Feb 2008
Posts: 177
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silver up, gold up, crude oil is creeping higher, DJ down, jobless claims up, 1.5576 is holding up.....
EURO = UP from here !
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07-31-2008, 11:33 AM
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Member
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Join Date: Feb 2008
Posts: 177
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Quote:
Originally Posted by pf0351
silver up, gold up, crude oil is creeping higher, DJ down, jobless claims up, 1.5576 is holding up.....
EURO = UP from here !
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lunch time on the East Coast again, that's why it is quiet |
07-31-2008, 11:35 AM
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Join Date: Jul 2008
Posts: 37
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Quote:
Originally Posted by pf0351
silver up, gold up, crude oil is creeping higher, DJ down, jobless claims up, 1.5576 is holding up.....
EURO = UP from here !
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Ok, I am also trading with that premise also as NFP tomorrow will likely bring negative tone to the market and USD.
I am looking for a return to 15700, by tommorow. Is this realistic in the minds of other EUR/USD traders? |
07-31-2008, 11:41 AM
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Member
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Join Date: Aug 2006
Posts: 197
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Quote:
Originally Posted by Jayson Wonder
Ok, I am also trading with that premise also as NFP tomorrow will likely bring negative tone to the market and USD.
I am looking for a return to 15700, by tommorow. Is this realistic in the minds of other EUR/USD traders?
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thats where my money is. i have 2 lots long @5620 and 2 additional lots long @5580. i have not limits set either. i plan on manualy taking profit tomorrow with a few thousand extra $$$ in my pocket for the weekend. |
07-31-2008, 11:45 AM
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Join Date: Jul 2008
Posts: 322
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As usual Great job Stryker!!!
Thank to Stryker& Cmellon guidance I had 320 pips profits so far!!
Thanks a bunch guys!!
GL to everybody,
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07-31-2008, 11:53 AM
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Member
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Join Date: Feb 2008
Posts: 177
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Paulson about to speak live on TV (CNBC)
false alarm, he did not speak live, they repeated some of the statements he made. Paulson:
"GDP for second quarter much better than expected," and "stimulus plan smoothly put into effect.
Last edited by pf0351; 07-31-2008 at 12:05 PM..
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07-31-2008, 12:08 PM
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Member
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Join Date: Feb 2008
Posts: 177
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Quote:
Originally Posted by pf0351
Paulson about to speak live on TV (CNBC)
false alarm, he did not speak live, they repeated some of the statements he made. Paulson:
"GDP for second quarter much better than expected," and "stimulus plan smoothly put into effect.
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Paulson on right now live |
07-31-2008, 12:36 PM
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Member
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Join Date: Jul 2007
Posts: 47
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thanks for Cmellon Stryker and all others
and the list is long. for all help and guide you are doing... 
Last edited by grasshopper860; 07-31-2008 at 04:08 PM..
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07-31-2008, 12:48 PM
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Member
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Join Date: Aug 2006
Posts: 197
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Quote:
Originally Posted by pf0351
Paulson on right now live
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he sounded dollar bull for the most part and yet the market had absolutely no reaction. as always i could be wrong but i plan on adding MORE longs should we test 5565 region. this market always seems to make strange moves so i could be 100% wrong but i am loading up for the run back to the 5750 region. |
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