I'm more neutral at the present... More fruits to bank in on shorts then the longs.. The charts i posted on 4 hrs and 30 mins clearly shows a bigger decline to come on the break below 2240...
Yesterday i got stupid, longed from the day low but shifted gear and paid the plenty and was not able to capitalize to the fullest.. Kinda got derailed..
Have shorts from 2326 from yesterday and if we punch a hole to 2260 we could be move swiftly to 2240.. from there onwards it is anyone's game. but now looking below to 2210 en-route to 2160 region...
Only once above 2335 the things changes...
Lvls :
2260 - 2240 - 2203-10 followed to 2160ish..
Above 2290 - 2315 - 2337 - 2380 which is critical for further gains to 2440ish..
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...
This was me when I used to try and trade the Non-Fram release by using straddle trades....then the whip-saw kicked in and all hell broke loose. Amazing I still have the original keyboard and have not destroyed it completely.
I don't know German, but I think he's pissed that the World of Warcarft character he leveled up for 9 months just got killed. Could have been worse, like getting a margin call.
Just watched it again and this time pooped my pants from laughing.
I'm more neutral at the present... More fruits to bank in on shorts then the longs.. The charts i posted on 4 hrs and 30 mins clearly shows a bigger decline to come on the break below 2240...
Yesterday i got stupid, longed from the day low but shifted gear and paid the plenty and was not able to capitalize to the fullest.. Kinda got derailed..
Have shorts from 2326 from yesterday and if we punch a hole to 2260 we could be move swiftly to 2240.. from there onwards it is anyone's game. but now looking below to 2210 en-route to 2160 region...
Only once above 2335 the things changes...
Lvls :
2260 - 2240 - 2203-10 followed to 2160ish..
Above 2290 - 2315 - 2337 - 2380 which is critical for further gains to 2440ish..
GL ALL...
Yep, 1.2260 looks like the support line, from the bottom of the triangle on the 5 min chart. If it does punch thru, it should move as fast south as it did when it went thru 1.2294....the old triangle base. We'll see.
On the 4hr chart, finally broke thru the bottom of that northern channel...first time in 3 days too.
Yep, 1.2260 looks like the support line, from the bottom of the triangle on the 5 min chart. If it does punch thru, it should move as fast south as it did when it went thru 1.2294....the old triangle base. We'll see.
On the 4hr chart, finally broke thru the bottom of that northern channel...first time in 3 days too.
I hear ya.. however there is dual supp on 4 hrs rt at 2249 as well.. so pretty much 2250-60 is critical from here onwards and i think below that there should be fireworks... time will tell..
Edit : Trying to spot weakness on Swissy who has no intention whatsoever at the present.
Last edited by stryker; 06-17-2010 at 12:31 AM.
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...
I hear ya.. however there is dual supp on 4 hrs rt at 2249 as well.. so pretty much 2250-60 is critical from here onwards and i think below that there should be fireworks... time will tell..
Yep, your right, I see the dual support. We better check those stops and place them good....or we end up like that screaming German boy. OK, I'm gonna watch it again....think I'm hooked....just so funny.
Yep, your right, I see the dual support. We better check those stops and place them good....or we end up like that screaming German boy. OK, I'm gonna watch it again....think I'm hooked....just so funny.
riding multiple lots i have taken profit around the current supp on 1 lpt.. stops above the day high and limit set for 2210...
Will chk in next 6-7 hrs how things are unfolding...
GL ...
Last edited by stryker; 06-17-2010 at 12:39 AM.
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...
riding multiple lots i have taken profit around the current supp on 1 lpt.. stops above the day high and limit set for 2210...
Will chk in next 6-7 hrs how things are unfolding...
GL ...
Just have 1 lot in, set limit at 1.2200. Was really first time using triangles and channels to determine entry. Surprised it worked. Going on 10pm here, so I game awhile and then off to bed.
Alway Trade Mo. Not Larry and Curly lol get it...lol
Momentum!!!
Dear I am very impressed with you predictions and analysis.Prey for me that I should be like u in future.
Ok as far as Euro/Usd pair concern if u see the hourly chart there is clear double top from that particular double To the pair had already dipped down in Asian session and I expecting it that will be go down further may at 1.21 area??
If we see the Euro/usd hourly the pair has crystal clear Double top plus we seen the downfall from the particular area of 1.23481 during Asian session and I am sure that this trend would be continue during European session.
Although the pair has very strong support at 1.22485 and right now it is in the range bound in between 1.22509 and 1.23481.
But the pattern is bearish today??
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Originally Posted by mechtech 
update
