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es/pip
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Postby es/pip » Mon Sep 14, 2009 10:05 pm

cfabian wrote:espip,
Not really getting the idea around this comment:
"i was watching that long as well but the way that h1 bar formed into it created overhead resistance which decreased the room it had to move-- so i passed on the long "

How would you have considered an appropriate h1 candle for the possible long?

BTW, this is how that h4 candle showed with my broker, which was a significant increase of momo. Just to be aware of.

Image


es/pip wrote:
cfabian wrote:I didn't trade it either, but actually was a nice setup to short the trade I was waiting to long. Good for 40 pips. Why I didn't short it? Because h4 momo was long, and there was good amount of held profit that way. Shorting this was risky (to me at least that I'm learning).

After all, didn't take this long either, not liking how it is evolving.

Image


cfabian wrote:mmmmmmhhh, and here it is!!!!!
Let's see if we get long momo....

Image


cfabian wrote:Ok, I've realized you posted that trade when I was typing mine.

If you have further comments more than welcome :)



cfabian wrote:espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.

The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.

How would you have handled this? I didn't take the ride.

Image


just how i viewed all that--- it worked--- but it doesn't mean it was right


yeah but the h4 bull candle didn't have a ton of momo ---- had it came up a lot further and was 2xish the previous i would not have taken the h1 area as that important.

but since it had the momo it had i took it of the h1 area



i was watching that long as well but the way that h1 bar formed into it created overhead resistance which decreased the room it had to move-- so i passed on the long

Image


yeah our data is diff on the h4 chart i see what u are saying

-------------

i wasn't saying that to try and play long out of there was incorrect, just that since the h1 bar was 2x the previous on the way into that long area that it could create new resistance on the way back up

i would have been a lot more interested in it if the h1 bars were decreasing into it or if there was more room between that area of held profit that i marked and the long entry

long was correct there i just didn't like it all that much due to the h1 bar into it
Bend over and assume the position for another 4 years of hope and change.

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cfabian
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Postby cfabian » Mon Sep 14, 2009 10:24 pm

Ok, I get what you saying. Thanks for that.

I'm almost there man!!!! I can't wait to hear the account spinning numbers (to the upside LOL)


es/pip wrote:
cfabian wrote:espip,
Not really getting the idea around this comment:
"i was watching that long as well but the way that h1 bar formed into it created overhead resistance which decreased the room it had to move-- so i passed on the long "

How would you have considered an appropriate h1 candle for the possible long?

BTW, this is how that h4 candle showed with my broker, which was a significant increase of momo. Just to be aware of.

Image


es/pip wrote:
cfabian wrote:I didn't trade it either, but actually was a nice setup to short the trade I was waiting to long. Good for 40 pips. Why I didn't short it? Because h4 momo was long, and there was good amount of held profit that way. Shorting this was risky (to me at least that I'm learning).

After all, didn't take this long either, not liking how it is evolving.

Image


cfabian wrote:mmmmmmhhh, and here it is!!!!!
Let's see if we get long momo....

Image


cfabian wrote:Ok, I've realized you posted that trade when I was typing mine.

If you have further comments more than welcome :)



cfabian wrote:espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.

The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.

How would you have handled this? I didn't take the ride.

Image


just how i viewed all that--- it worked--- but it doesn't mean it was right


yeah but the h4 bull candle didn't have a ton of momo ---- had it came up a lot further and was 2xish the previous i would not have taken the h1 area as that important.

but since it had the momo it had i took it of the h1 area



i was watching that long as well but the way that h1 bar formed into it created overhead resistance which decreased the room it had to move-- so i passed on the long

Image


yeah our data is diff on the h4 chart i see what u are saying

-------------

i wasn't saying that to try and play long out of there was incorrect, just that since the h1 bar was 2x the previous on the way into that long area that it could create new resistance on the way back up

i would have been a lot more interested in it if the h1 bars were decreasing into it or if there was more room between that area of held profit that i marked and the long entry

long was correct there i just didn't like it all that much due to the h1 bar into it
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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es/pip
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Postby es/pip » Tue Sep 15, 2009 3:27 am

sleep sleep sleep time



Image
Bend over and assume the position for another 4 years of hope and change.

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pablo101
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Postby pablo101 » Tue Sep 15, 2009 3:53 am

Well done guys. I got pips on gu, eu and ej too ;)
Last edited by pablo101 on Tue May 04, 2010 5:18 am, edited 1 time in total.

jz166
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Postby jz166 » Tue Sep 15, 2009 4:17 am

es, did you catch some ES today? another up day fueled by PPT, I guess.
LOL

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Braathen
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Hey all

Postby Braathen » Tue Sep 15, 2009 5:17 am

Hey guys.. i was just wondering if anyone had or heard of an indi that would make an alarm at a 2x prev momo bar.. if not then happy pippin at the london open :)

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pablo101
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Postby pablo101 » Tue Sep 15, 2009 6:45 am

...
Last edited by pablo101 on Tue May 04, 2010 5:19 am, edited 1 time in total.

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***FX-JEDI***
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Postby ***FX-JEDI*** » Tue Sep 15, 2009 10:27 am

How i'm seeing Daily USD/CHF Momo & KR & Convergence of 2 161.8 Fib Extension levels.
Attachments
Screenshot - 15_09_2009 , 8_06_39 PM.png
Screenshot - 15_09_2009 , 8_06_39 PM.png (129.2 KiB) Viewed 1368 times
Screenshot - 13_09_2009 , 10_40_47 PM.png
Screenshot - 13_09_2009 , 10_40_47 PM.png (96.74 KiB) Viewed 1368 times
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....

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es/pip
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Postby es/pip » Tue Sep 15, 2009 1:14 pm

jeez


done for the day

Image

Image

Image
Bend over and assume the position for another 4 years of hope and change.

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lukx
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Postby lukx » Tue Sep 15, 2009 1:46 pm

well after today I think I'm done with trading forex.
I got hit really bad today I took long on EU and it went down fast.
I guess I don;t see it and will never do.
Good luck guys with your trading hope for you fortune be better.

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