taken a short here on September Crude
looking for correction towards 85.5x
looking for correction towards 85.5x
Euro/Dollar discussion 9 replies
Iran to replace Dollar with Euro 10 replies
Iran replace dollar with euro 15 replies
Syria Threatens To Abandon Dollar For Euro 3 replies
euro against the dollar 0 replies
DislikedGood morning
So we failed to see 2460 at least for now, friday gave nice rally I was trying to short it whole day and end up in the red daily result
I would expect buying from 2312 or 2265/70 which is natural price movement between pivots (WmR1 1,2400 - WmS1 1,2265)
Such a move would create another HL on H4 and would suggest further up move up to 2620 which would be a neckline target for that H&S.
We finished second week higher and there is gradual reduction in short sell positions in COT from friday - week by week now.
Is that mean...Ignored
DislikedGood morning
So we failed to see 2460 at least for now, friday gave nice rally I was trying to short it whole day and end up in the red daily result
I would expect buying from 2312 or 2265/70 which is natural price movement between pivots (WmR1 1,2400 - WmS1 1,2265)
Such a move would create another HL on H4 and would suggest further up move up to 2620 which would be a neckline target for that H&S.
We finished second week higher and there is gradual reduction in short sell positions in COT from friday - week by week now.
Is that mean...Ignored
DislikedThe recent nonsense movements on Eur/USD make me very skeptical of shorting it anymore, neither i like longing eur/usd unless on weekly chart because euro's fundamental and economy's is really horrible. All my shorts are now within 10-15 pips SL at each level and be by 5 pip, i rather get 0 then red, just to prevent myself from drowning in this crazy pair lately. It does not really have any sort of technical analysis to rely on lately, more like speculation bets now on a RR and better price entries.Ignored
Dislikeddon't know if any of you do this kind of trading, but a nice opportunity is opening up with todays price action.
You sell the FTSE and buy the Dax in equal finacial amounts.
I use a model that then also adjusts for volatility but not necessary for this trade.
I shall wait for the one of them to start rolling over on say M5 or M15 better to enter.Ignored
Dislikedmade an entry on these
Short FTSE @ 5640.5
Long Dax @ 6763.5
no stops as they should maintain a natural hedge. I will just keep an eye on it from time to time.....Ignored
Dislikedmorning Tom,
nice analysis thanks
I am looking for an initial move down to 1.228x to 1.225x zone with a possible 30-40 pip retrace from around 1.233x on the way. this based on retrace targets for the move up from Thursdays low 1.213x
I shall maintain a short outlook all the time we are below 1.2400
also short aussie and crude.
I won't be around so much for the next couple of weeks as I am packing the house up for a move..
safe trades all.Ignored
Disliked.....I am looking for an initial move down to 1.228x to 1.225x zone with a possible 30-40 pip retrace from around 1.233x on the way. this based on retrace targets for the move up from Thursdays low 1.213xIgnored
DislikedNew short from 1.2374 it bounced nicely from 1.2341 for 37 pips so looking for downward continuence now.Ignored
DislikedGood morning
I'm also short @1.2372, lets see if breaks 2338, I think there's a strong support.
Max the chart you attached is 5 min?Ignored
Dislikedclosed short +12 pips, I'll wait to finish this 4H candle
take a look weekly charts suggests long if we go up 2393Ignored
DislikedThis is a great example how forex is a pure mental challenge and patience tester. If it is your target than fine but if you close it because you thing it will pop up higher (not going lower) than that is a mistake imo.
I would secure trade at BE and walk away as I did. I don't personally think this is a good point to start another leg up - it'd have to be triggered by some unexpected fundie push. Yes weekly is bullish but daily shows very bearish as I see it - that mean uncertainty and more sideways move at least for now.
One of the basic mistakes...Ignored
DislikedHi Tom
did you get my PM on cable ?
I am wathcing this H1 lower TL carefully
edit: just seen your reply no worries added the daily line to my chart as well - maybe get some trade between the two to give a low risk test of the daily TLIgnored
DislikedThis is a great example how forex is a pure mental challenge and patience tester. If it is your target than fine but if you close it because you thing it will pop up higher (not going lower) than that is a mistake imo.
I would secure trade at BE and walk away as I did. I don't personally think this is a good point to start another leg up - it'd have to be triggered by some unexpected fundie push. Yes weekly is bullish but daily shows very bearish as I see it - that mean uncertainty and more sideways move at least for now.
One of the basic mistakes...Ignored
DislikedYes, you are right, but if there's a down continuation it'll be another spot to enter into, meanwhile I catch some pips.Ignored