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  • #8,481
  • May 11, 2014 8:53am May 11, 2014 8:53am
Quoting elbert3
http://www.forexfactory.com/attachme...9&d=1399618142 POSTED THIS IN THE OTHER THREAD THIS MORNING,LOOK INTO THE LINK,,,, the emas are saying short but flat,, this is indecision ,but i think low money short now and add at the break out or short on the red 20 ema i think 200sma could be capped and strong resistance i just put a fib on and 50% sits on the 200,, so trade shrt of there to be on the safe side , but one could miss the boat , 1296 order short for me and add after the break short .. thats me sl at 14 its...
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target x
  • #8,482
  • May 11, 2014 5:58pm May 11, 2014 5:58pm
We got $10+ spike down. Any ideas what caused it?
"The market can remain irrational longer than you can remain solvent"
  • #8,483
  • May 11, 2014 6:04pm May 11, 2014 6:04pm
1.618 target of butterfly
  • #8,484
  • May 11, 2014 6:05pm May 11, 2014 6:05pm
Quoting anton.olff
We got $10+ spike down. Any ideas what caused it?
Stop loss hunting, plus retest of trendline from 1385 IMO
  • #8,485
  • May 11, 2014 6:06pm May 11, 2014 6:06pm
Took a small long position at 1280 targeting 1325 , will add above 1294 , SL under under WP 1277 , lets see
  • #8,486
  • May 11, 2014 6:10pm May 11, 2014 6:10pm
Quoting shaban010
Took a small long position at 1280 targeting 1325 , will add above 1294 , SL under under WP 1277 , lets see
Good opportunity to load longs.
  • #8,487
  • May 11, 2014 6:20pm May 11, 2014 6:20pm
Quoting anton.olff
We got $10+ spike down. Any ideas what caused it?
Referendum in east ukraine held on sunday may 11.
  • #8,488
  • May 11, 2014 6:33pm May 11, 2014 6:33pm
are we going back up or back down to test again?
  • #8,489
  • May 11, 2014 6:44pm May 11, 2014 6:44pm
any chance or strength of breaking 1277??
  • #8,490
  • May 11, 2014 7:07pm May 11, 2014 7:07pm
Quoting pouyanv
{quote} Good opportunity to load longs.
good luck, i think tomorrow well see $1270, this week consolidation in this area with attempts to go $1290but definitely target is $1240 short term.
silver to $18.50 .
  • #8,491
  • May 11, 2014 7:22pm May 11, 2014 7:22pm
oh no. they're coming for my stop loss. bet a missile will crash the market anytime soon. soooo loooong till then
A trade should be based on an assumption based on facts
  • #8,492
  • May 11, 2014 7:39pm May 11, 2014 7:39pm
Quoting anton.olff
We got $10+ spike down. Any ideas what caused it?
This is only getting more dirty, could get worse if 1268 breaks.
Hello World!
  • #8,493
  • May 11, 2014 7:50pm May 11, 2014 7:50pm
Quoting ClockTrader
{quote} This is only getting more dirty, could get worse if 1268 breaks.
I would like to remain on sidelines, test pulse when I feel like, on broad level, I'll wait for June start or June end for seasonal longs.
Hello World!
  • #8,494
  • May 11, 2014 7:59pm May 11, 2014 7:59pm
Quoting acidguy
{quote} good luck, i think tomorrow well see $1270, this week consolidation in this area with attempts to go $1290but definitely target is $1240 short term. silver to $18.50 .
hard to tell what tomorrow will hold, need to wait and see what london and ny do.
  • #8,495
  • May 11, 2014 8:05pm May 11, 2014 8:05pm
Quoting acidguy
{quote} good luck, i think tomorrow well see $1270, this week consolidation in this area with attempts to go $1290but definitely target is $1240 short term. silver to $18.50 .
Yeah, it's happening now... Let's see...
  • #8,496
  • May 11, 2014 9:09pm May 11, 2014 9:09pm
while some wait real PA recommend you to see these videos :

Ichimoku for Begginers :

Inserted Video


this one for Inspiration :

Inserted Video


if anyone wanna trade a snake with hell price action look at HSI (Hang Seng Index)(newbs pls dont trade this)
  • #8,497
  • May 11, 2014 11:34pm May 11, 2014 11:34pm
I'm so disappointed, I missed an opportunity to scoop up this mornings dip cause I was on a plane to work.

I had buy limits waiting at 18.95 and silver got to 18.97 on my brokers PA. DAMN U!
  • #8,498
  • May 11, 2014 11:38pm May 11, 2014 11:38pm
Quoting Mitchoss
{quote} Risky move my friend.. pattern doesn't look like a bottom. I'm looking at 1275 as next leg down. Then quick recovery as we are fairly oversold . One last shake of the tree to see who falls out hehe
$#$!, got to 1277 my buy limit was at 1275.5.

Hope ya all got the bounce to 1290, was a good one.
  • #8,499
  • May 11, 2014 11:40pm May 11, 2014 11:40pm
Quoting Mitchoss
I'm so disappointed, I missed an opportunity to scoop up this mornings dip cause I was on a plane to work. I had buy limits waiting at 18.95 and silver got to 18.97 on my brokers PA. DAMN U!
that's rough!

Just curious; if you had your "buy limit" orders there...where were your stops then? As usually for a momentum trader trying to play a breakout would be thinking of putting "sell stop" orders at those prices that you stated...
  • #8,500
  • May 11, 2014 11:43pm May 11, 2014 11:43pm
Quoting Mitchoss
{quote} $#$!, got to 1277 my buy limit was at 1275.5. Hope ya all got the bounce to 1290, was a good one.
Damn...Double miss! You could have scaled into buys too within a small range; atleast something would get caught...
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