Kreslik.com - traders community since 2006

Seeing the most recent 15m close, I'll be looking to re-enter long around 3878..

you are in the middle of nowhere again. i think long is the correct long-term direction but your entry was near resistance. long possibilities would be near 77 and 66. the more distance you have from these levels the more risk comes into play. This time I disagree :) It was a legitimate (according ...

Are you still long EU FXfreak? I bailed out with +1 seeing all those wicks on 15m, 30m and 1h..

FXfreak wrote:karol, oanda? please post a screenshot of your chart. i would like to see what other traders think about the market

Yes, oanda..

Got stopped out again. News this time. My long was taken out by.. 30 pips spread on g/j!

FXfreak wrote:karol, your entry is in the middle of nowhere which makes it risky. you only can survive this if you have tight stops. look at es/pips postings: he always has stops between 1-5 pips.

-20 is a lot for this trade.

This was valuable for me. Thanks for pointing out.

long









EDIT: before I finished writing this post, my -20 SL was hit. This is madness.

Second had a better timing, but I underestimated the strength of this move. Initially wanted just to scalp it to the MZ, but seeing how fast it moves, I changed TP to the most recent high: http://img202.imageshack.us/img202/5666/04032011gj1h2.gif http://img215.imageshack.us/img215/3558/04032011gj1m2...

Had only two trades yesterday. First one was a little early:

What do you look when you draw these s/r lines ? I keep drawing then at wrong places :) Hi jarnapal, what I do is starting with the most obvious ones - I draw lines at the extremes (this is no-brainer). Later I look for areas where price may find support or resistance. Something like this: http://i...