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  • #9,141
  • May 27, 2014 1:27am May 27, 2014 1:27am
Quoting whackdiddy
{quote} I should clarify, it is a high risk trade. But a small chance for a retrace.
Indeed it's abit risky, I was thinking the same as you about longing, but when I look at the volume, it don't look as if it gonna stop there and retrace. Hopefully it move up, may you take a breakeven.
Attached Image
The only winner is the one who survive the longest...
  • #9,142
  • May 27, 2014 1:33am May 27, 2014 1:33am
My mood remains bearish in line with seasons, the PA today so far has been in line with mood.

I'll await for long entry for long term, will remain on sidelines until I see clean entry of Bulls.
Hello World!
  • #9,143
  • May 27, 2014 1:33am May 27, 2014 1:33am
Attached Image (click to enlarge)
Click to Enlarge Name: gol;d.png Size: 99 KB
looks to be a good sell off now ,
  • #9,144
  • May 27, 2014 1:33am May 27, 2014 1:33am
I moved my SL, at my opening price, which is just 1 dollar below the cureent one, this is probably a silly move, but in this situation, i don't know what do you think ?
  • #9,145
  • May 27, 2014 1:37am May 27, 2014 1:37am
Quoting kinspk
{quote} Indeed it's abit risky, I was thinking the same as you about longing, but when I look at the volume, it don't look as if it gonna stop there and retrace. Hopefully it move up, may you take a breakeven. {image}
If you are looking at Volume and spread analysis, then you are half right IMHO.

When PA goes extremely bearish, such volumes / bars can be misleading.
Hello World!
  • #9,146
  • May 27, 2014 1:42am May 27, 2014 1:42am
Quoting ClockTrader
My mood remains bearish in line with seasons, the PA today so far has been in line with mood. I'll await for long entry for long term, will remain on sidelines until I see clean entry of Bulls.
Are you calling me a dirty bull CT?
A genius is born every minute, me I am lucky if my socks match.
  • #9,147
  • May 27, 2014 1:43am May 27, 2014 1:43am
Quoting ClockTrader
{quote} If you are looking at Volume and spread analysis, then you are half right IMHO. When PA goes extremely bearish, such volumes / bars can be misleading.
Yes you are exactly right, hopefully I don't mislead anyone here, most should know we shouldn't fully dependent on indicators too.

My H4 is still bearish, but on a shorter term, I am looking at reaction of some price level to take profit, while waiting to enter scalp towards south when it retrace to a comfortable level for me to short.
The only winner is the one who survive the longest...
  • #9,148
  • May 27, 2014 1:49am May 27, 2014 1:49am
Correct, one should not depend on indicators.
Maybe it should have been a paper or demo trade but something is telling me this is going north. We are still playing on the edge of the wedge, if a true break I would have expected to see down to the 1282 ish mark. But we are holding ground so a bounce back maybe on the cards.
A genius is born every minute, me I am lucky if my socks match.
  • #9,149
  • May 27, 2014 1:52am May 27, 2014 1:52am
I am personaly long from now to 1311~
  • #9,150
  • May 27, 2014 1:59am May 27, 2014 1:59am
Quoting whackdiddy
{quote} Are you calling me a dirty bull CT?
Hello World!
  • #9,151
  • May 27, 2014 2:02am May 27, 2014 2:02am
Quoting kinspk
{quote} Yes you are exactly right, hopefully I don't mislead anyone here, most should know we shouldn't fully dependent on indicators too. My H4 is still bearish, but on a shorter term, I am looking at reaction of some price level to take profit, while waiting to enter scalp towards south when it retrace to a comfortable level for me to short.
I meant that the bars can be misleading. You are good mate.

Everyone of us tries to analyze with our best knowledge, at the end of day, we can be right / wrong. As long as our intrinsic intentions are good, i.e. trying to help each other, its all good.
Hello World!
  • #9,152
  • May 27, 2014 2:07am May 27, 2014 2:07am
H2 stochastic chart very oversold, i hope price bounce back to 1300 before going south.
  • #9,153
  • May 27, 2014 2:27am May 27, 2014 2:27am
Aww, took a silly long out of greed. Close for loss. Trendline breaking soon.
The only winner is the one who survive the longest...
  • #9,154
  • May 27, 2014 2:33am May 27, 2014 2:33am
Quoting kinspk
Aww, took a silly long out of greed. Close for loss. Trendline breaking soon.
Yep same here dammit!
  • #9,155
  • May 27, 2014 2:37am May 27, 2014 2:37am
Be careful with range break. If we don't have a good bounce here we will go bearish for a while.
  • #9,156
  • May 27, 2014 2:37am May 27, 2014 2:37am
Quoting Seth1981
{quote} Yep same here dammit!
i am still holding my long
  • #9,157
  • May 27, 2014 2:39am May 27, 2014 2:39am
Hi everyone,

My break-line is set at 1279.63 to continue to go bearish mode. What is your break-line and why?

Best regards,

Frietzak
  • #9,158
  • May 27, 2014 2:51am May 27, 2014 2:51am
What do you think guys?

http://i.imgur.com/FUpJegu.png

At this time I'm really confused whether to short it or go long. I think it will keep going down till US data has been revealed
  • #9,159
  • May 27, 2014 2:59am May 27, 2014 2:59am
Quoting frietzak
Hi everyone, My break-line is set at 1279.63 to continue to go bearish mode. What is your break-line and why? Best regards, Frietzak
Hi, I'm new to this but I'm waiting for some movement below 1281.0 (close from April 1)
  • #9,160
  • May 27, 2014 3:06am May 27, 2014 3:06am
Quoting diggo
{quote} Re-entered more shorts at 1303
Closed these shorts at 1286. About 1/3rd of my total short positions.

We have spiked below the trend line but we don't have a convincing 4H close below yet. Although it is not looking great for bulls. Medium term target remains 1181.
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