PA, S/R, ZL, EXTREMES & MOMO

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es/pip
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Postby es/pip » Mon Mar 14, 2011 2:54 am

adaseb wrote:
es/pip wrote:you ever trade cl?

that thing is pretty crazy lately

good moves in it


i did in the past. but i stopped because it was too much flipping back and forth looking at all the charts.

i honestly don't know how you can trade 10 instruments at once.

I find that when euro is a slow mover then gold is a perfect adrenaline replacement. Gold moves more faster than gbp/jpy.

except you got to use tight stops on that one because there is sure a lot more stop hunting going on.


i mainly just look at 2 currencies at a time

if one isnt moving then i will look at what is --- i mainly look at au eu and gu

but since the yen pairs were going i traded ej

i go through stages of currencies or cl es and gold

i have cl up now most times and will scalp it as well

but when i am mainly trading the currencies i dont really even look at es or gold

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

thats the end for me

back tomorrow am
Bend over and assume the position for another 4 years of hope and change.

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newscalper
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Postby newscalper » Mon Mar 14, 2011 9:57 am

Waiting for USDCAD long. Reasons: Daily mightzone/fatcat s/r, also hourly zline, 15 minute zline for s/r, now momo on 15. Waiting for entry.

EURUSD. Tentative wait on a short. Reason daily fatcat/ 4hr s/d area. Waiting for momo down on 15.

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Postby newscalper » Mon Mar 14, 2011 10:12 am

Entered USDCAD long
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cwn6161
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Postby cwn6161 » Mon Mar 14, 2011 10:47 am

still in it newscalper? I like the momo I'm seeing on the m5 now, looking to get it on a retrace

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newscalper
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Postby newscalper » Mon Mar 14, 2011 11:01 am

YEs I'm still in. It looked hairy for a while and I thought about getting out at break even - had some bars close against but I looked at PA on 1 minute and could see the bottom. Now I will wait. I will take a profit or a loss...the maximum loss will be around 5 pips by the looks of it now.

And here it comes back. We await. Profit or loss. Which is it to be?

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Postby cwn6161 » Mon Mar 14, 2011 11:21 am

short EU at 61. looking to hold for the week

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Postby newscalper » Mon Mar 14, 2011 11:38 am

Good luck on the EU. I'm looking for a short there but don't see the PA I want yet.

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Postby newscalper » Mon Mar 14, 2011 12:22 pm

Now short EU on the pullback
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FXfreak
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Postby FXfreak » Mon Mar 14, 2011 12:47 pm

long 50, sl 45, tp 70

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Postby FXfreak » Mon Mar 14, 2011 1:46 pm

are you guys still short? i took profit +9 and reentered long at 48. sl at be. big m5 momo, come on!!!

;-)

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