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  • #4,921
  • Mar 27, 2014 11:12am Mar 27, 2014 11:12am
Nitsan where r u man? shed som light on this darkness.
  • #4,922
  • Mar 27, 2014 11:16am Mar 27, 2014 11:16am
I have take LONG now.
Hopefully, my analysis is right.

Eventough, it will goes down.
It will not go to
1295.00 (support point 1)

or

1294.00 (support point 2)

FYI, I am newbie.
  • #4,923
  • Mar 27, 2014 11:18am Mar 27, 2014 11:18am
i will follow price to 400 sma on h4 TF
as nistan said before
gl
Investing is SIMPLE but NOT EASY
  • #4,924
  • Mar 27, 2014 11:18am Mar 27, 2014 11:18am
Quoting wangsit
I have take LONG now. Hopefully, my analysis is right. Eventough, it will goes down. It will not go to 1295.00 (support point 1) or 1294.00 (support point 2) FYI, I am newbie.
what makes you think that? It's 1294.3 right now, I'm newbie too, curious to learn from many senior members in this thread
  • #4,925
  • Mar 27, 2014 11:19am Mar 27, 2014 11:19am
Quoting tlpfx14
{quote} suggest to wait for a pullback at h1 or h4 at a level with good PA cheers
Thanks mate! Initially joined the party after the first pull back but my SL got hit, I entered back around 1312 and right now already closed partial profits, moved SL to BE and waiting for the trend to end to lock in the remaining profit on the remaining lot.
Less is more...
  • #4,926
  • Mar 27, 2014 11:22am Mar 27, 2014 11:22am
Quoting richtrader
{quote} what makes you think that? It's 1294.3 right now, I'm newbie too, curious to learn from many senior members in this thread
The pattern dude...
Please check H1 candle pattern.

It is not going down to 1291.00
Everytime the candle almost touch 1291.00
The candle move up again, so that is support point.

But, if it break to 1290, It will go down a lot.

Any other opinion?
  • #4,927
  • Mar 27, 2014 11:27am Mar 27, 2014 11:27am
Quoting wangsit
{quote} The pattern dude... Please check H1 candle pattern. It is not going down to 1291.00 Everytime the candle almost touch 1291.00 The candle move up again, so that is support point. But, if it break to 1290, It will go down a lot. Any other opinion?
ah, okay, I prefer H4 and D1 candle pattern. I also check M15 candle, it creates higher low, but like you said, not yet lower low. But considering the trend, I still hold my short. Good Luck.
  • #4,928
  • Mar 27, 2014 11:32am Mar 27, 2014 11:32am
Quoting richtrader
{quote} ah, okay, I prefer H4 and D1 candle pattern. I also check M15 candle, it creates higher low, but like you said, not yet lower low. But considering the trend, I still hold my short. Good Luck.
Okh yeah, It goes to 1291.
Therefore, Strong resistence in 1290.

I have made Stop loss.
Gonna sleep.

Good night everyone.
  • #4,929
  • Mar 27, 2014 11:33am Mar 27, 2014 11:33am
Not sure when the bottom is just keeping it in view have set my short at 1263 but that just in case if it goes that far i am still keeping my eye on the 1289 position . i am a newbie as well but learning for my fellow traders I am trying not to jump the gun and just observe how the market are behaving, I have a suspicion that we will know tomorrow
  • #4,930
  • Mar 27, 2014 11:34am Mar 27, 2014 11:34am
some of you guys need to spend some serious time studying the charts and not relying on others to baby-sit you thru trades. if you don't understand what you are looking at in the charts then you do not need to be trading at all ! don't even think about a trade until you learn what the charts are saying to you and can formulate a plan for your trade. you are just throwing good money after bad. take the time to learn before you put money on the line guessing what the mkt. might do.
  • #4,931
  • Mar 27, 2014 11:39am Mar 27, 2014 11:39am
I spent three years learning but its when I can put what i learn to a real trade thats the key, getting there and you are right all that is said here are opinions with various systems, even if we are piggy bagging on the other traders its a process.
  • #4,932
  • Mar 27, 2014 11:52am Mar 27, 2014 11:52am
Just enjoy the ride.. get out when you see a sign. ...
  • #4,933
  • Mar 27, 2014 11:56am Mar 27, 2014 11:56am
my point is why would you risk good money on something if you are questioning yourself as to what the mkt. is going to do or when should I get out of a trade ? one must already know these things in advance, as it is part of your plan. nobody knows for sure what the mkts. are going to do anymore than knowing when the next earthquake might happen. but, if one has put in the work and learned his 'trade', no pun intended, then you can put a plan together for trading. sounds so elementary and no one wants to hear it but we traders are lazy sometimes and want others to give us the 'secret trade'. you got to do the work !
  • #4,934
  • Mar 27, 2014 12:09pm Mar 27, 2014 12:09pm
One thing you can always be sure of though. The market will go up, down or sideways. For those of you with 3d specs, maybe backwards n forwards as well)) Well that's my considered proffessional opinion

ps: tripr. The next big earthquake will be at 19:26 and 45 seconds
'Life' only really begins just over the edge of our comfort zones
  • #4,935
  • Mar 27, 2014 12:09pm Mar 27, 2014 12:09pm
Attached Image (click to enlarge)
Click to Enlarge Name: g2.png Size: 87 KB
one candle tells a tail lots of candle tell the story???? somebody tell me the story??
  • #4,936
  • Mar 27, 2014 12:12pm Mar 27, 2014 12:12pm
Quoting elbert3
{image} one candle tells a tail lots of candle tell the story???? somebody tell me the story??
Looks like double bottom in the making
  • #4,937
  • Mar 27, 2014 12:14pm Mar 27, 2014 12:14pm
the story is that this mkt. is going down. very easy to see.
  • #4,938
  • Mar 27, 2014 12:19pm Mar 27, 2014 12:19pm
Quoting elbert3
{image} one candle tells a tail lots of candle tell the story???? somebody tell me the story??
I agree it does look like a double bottom also if you look at stochastic for m15 upward trend is expected however RSI is dropping , still into consolidation hard to say where it will go.
  • #4,939
  • Mar 27, 2014 12:20pm Mar 27, 2014 12:20pm
Quoting tripr
my point is why would you risk good money on something if you are questioning yourself as to what the mkt. is going to do or when should I get out of a trade ? one must already know these things in advance, as it is part of your plan. nobody knows for sure what the mkts. are going to do anymore than knowing when the next earthquake might happen. but, if one has put in the work and learned his 'trade', no pun intended, then you can put a plan together for trading. sounds so elementary and no one wants to hear it but we traders are lazy sometimes...
Have a hug for that mate!

FX is a zero sum game and one needs to put the odds in his favour, I enter every trade calculating my risk before placing the bet and now I am getting to the point where if and when my SLs get hit I move on without getting emotional and move on to the next setup. Truth is no one can be 100% sure what the market would do hence the need to be prepared, in other words, trade like if you are going to lose and if the markets favour your position then you take that advantage to compensate for the previous loses and some more.
Less is more...
  • #4,940
  • Mar 27, 2014 12:21pm Mar 27, 2014 12:21pm
Quoting tripr
the story is that this mkt. is going down. very easy to see.
I am long though I believe it may drop a bit further. I will stick to my trading plan and add some bigger position if it drops to 128x area. GL
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