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  • #18,601
  • Nov 4, 2014 6:04am Nov 4, 2014 6:04am
Beautiful hourly Pin Bar. I'd expect 1168 before the next move, whether up or down.
  • #18,602
  • Nov 4, 2014 6:14am Nov 4, 2014 6:14am
Gold is very strong but silver is not supporting at all.
  • #18,603
  • Nov 4, 2014 6:28am Nov 4, 2014 6:28am
Quoting GoodOlJoe
{quote} Famous last words lol
Majority of beginners blow their accounts due to bad MM.

So, I repeat, TRADE SAFE! :-)
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  • #18,604
  • Nov 4, 2014 6:31am Nov 4, 2014 6:31am
Peakout on VVSA-M15 bringing the price down, as visible in the play.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 16 KB
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  • #18,605
  • Nov 4, 2014 6:44am Nov 4, 2014 6:44am
Going nowhere but sideways as on H4, can't even feel cozy & comfy with the longs I have....
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 15 KB
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  • #18,606
  • Nov 4, 2014 7:16am Nov 4, 2014 7:16am
Quoting ClockTrader
Going nowhere but sideways as on H4, can't even feel cozy & comfy with the longs I have.... {image}
Agreed, its difficult to take a trade on right now either long or short.

I would only marginally favour long at the moment, but theres not enough pa to be certain of direction yet, so im still sitting out for now before commiting to a trade.
  • #18,607
  • Nov 4, 2014 7:25am Nov 4, 2014 7:25am
Quoting Landline
{quote} Agreed, its difficult to take a trade on right now either long or short. I would only marginally favour long at the moment, but theres not enough pa to be certain of direction yet, so im still sitting out for now before commiting to a trade.
You see that peakout on VVSA-M15 in play?

Let me catch a similar bottom-out on M15, then a long would be worth trying, possibly after the news. Regardless of this PA, DCB says longs got support @ 1256-58

Given the support, its possible we may get to see a bottom out around 1262-65

Risk Disclaimer

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results, for eg: Golden Seasons. The high degree of leverage can work against you as well as for you. You can lose all the money you have invested.
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  • #18,608
  • Nov 4, 2014 8:05am Nov 4, 2014 8:05am
Fellas, plz come forward to share your analysis.

Feeling lonely.... Hardly anyone is talking here..
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  • #18,609
  • Nov 4, 2014 8:10am Nov 4, 2014 8:10am
Quoting The Epoch
Beautiful hourly Pin Bar. I'd expect 1168 before the next move, whether up or down.
Good View.
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  • #18,610
  • Nov 4, 2014 8:17am Nov 4, 2014 8:17am
The marked is sideways atm, but I think:

- Short positions below 1182 with targets @ 1145 & 1130 in extension.

- Above 1182 look for further upside with 1195 & 1208 as targets.

- As long as 1182 is resistance, likely decline to 1145.

No trading atm. Sitting in the sideline waiting for some signals...
  • #18,611
  • Nov 4, 2014 8:18am Nov 4, 2014 8:18am
Hey
I'm holding a couple of longs at around 1200 and avoiding to go short
Except a fantastic short scalp taken at 1173 but already closed
  • #18,612
  • Nov 4, 2014 8:19am Nov 4, 2014 8:19am
CT can you explain to me what is MM and VSA and how i cam use them? thanks
  • #18,613
  • Nov 4, 2014 8:20am Nov 4, 2014 8:20am
Quoting ClockTrader
{quote} Good View.
thank you.
  • #18,614
  • Nov 4, 2014 8:27am Nov 4, 2014 8:27am
Quoting The Epoch
Beautiful hourly Pin Bar. I'd expect 1168 before the next move, whether up or down.
Took a short on that pin bar, at 1175.9 with a TP at 1164.3
Itchy finger waiting above the close button at the moment . . .

EDIT: 1170.90
  • #18,615
  • Nov 4, 2014 8:28am Nov 4, 2014 8:28am
Quoting fx broker
CT can you explain to me what is MM and VSA and how i cam use them? thanks
MM is for Money Management

http://www.investopedia.com/articles...xmoneymgmt.asp

https://www.google.co.uk/?gws_rd=ssl...ney+Management

For VSA, check below:

https://www.google.co.uk/?gws_rd=ssl#q=forex+vsa

http://www.forex-central.net/Volume-...alysis-VSA.php
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  • #18,616
  • Nov 4, 2014 8:33am Nov 4, 2014 8:33am
Quoting Devonsent
{quote} Took a short on that pin bar, at 1175.9 with a TP at 1164.3 Itchy finger waiting above the close button at the moment . . . EDIT: 1170.90
Couldn't stand the tension so I just closed at 1166.6 - probably should have waited but I'm happy with 43 pips (£130) . . . and now it looks like it's heading up again anyway (phew!)

Makes up for the £80 lost earlier!
  • #18,617
  • Nov 4, 2014 8:34am Nov 4, 2014 8:34am
Quoting Devonsent
{quote} Took a short on that pin bar, at 1175.9 with a TP at 1164.3 Itchy finger waiting above the close button at the moment . . . EDIT: 1170.90
Me too, its looking good to hit though...
  • #18,618
  • Nov 4, 2014 8:36am Nov 4, 2014 8:36am
Quoting The Epoch
{quote} Me too, its looking good to hit though...
Looks like you're right and that I should have held off that Close button - but, what the hell, I can do without the strain to be honest and I'd prefer to be a few pips in the green that an awful lot in the red!
MM Rules!
  • #18,619
  • Nov 4, 2014 8:43am Nov 4, 2014 8:43am
Quoting Devonsent
{quote} Looks like you're right and that I should have held off that Close button - but, what the hell, I can do without the strain to be honest and I'd prefer to be a few pips in the green that an awful lot in the red! MM Rules!
Always a good call o take profit. Ive moved my SL to just above 1168 so may get cut soon.
  • #18,620
  • Nov 4, 2014 9:34am Nov 4, 2014 9:34am
Quoting The Epoch
{quote} Always a good call o take profit. Ive moved my SL to just above 1168 so may get cut soon.
Like that fella "HollowHead" said, exit is more important than entry.
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