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GBP/USD or EUR/JPY or.... Whatever's moving!!

  • #221
  • May 21, 2008 9:13am May 21, 2008 9:13am
This is how I see it
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  • #222
  • May 21, 2008 9:17am May 21, 2008 9:17am
I am at work so I will be brief. PATIENCE. It might not happen until tonight. Right now I am long 2 minis and short 2 minis in E/J. I have a sell limit at 163.30 for 1 mini and at 163.60 for 1 mini. My stop for the long is right below the last bottom.

I am also short U/CAD.

Jim
  • #223
  • May 21, 2008 9:18am May 21, 2008 9:18am
Do those Indys make you feel good, RT. LOL

Quoting Runway Trade
This is how I see it
  • #224
  • May 21, 2008 9:26am May 21, 2008 9:26am
funny day i was short at r1 price went up and i got scared cause for a while i thought the down move was a retracement canceled the trade and flipping price moved down, now it back to where it was in the first place...

what is happening currency, whole market is frozen>
  • #225
  • May 21, 2008 9:31am May 21, 2008 9:31am
My lord man, most pairs moved over 100 pips this morning. You just got to be there when it does. No U.S. news until they farted one out at 10:30 about the oil. I can't understand why your not catching pips, Nav. because I have a sh-t load this week.

Jim


Quoting nAVIN2007
funny day i was short at r1 price went up and i got scared cause for a while i thought the down move was a retracement canceled the trade and flipping price moved down, now it back to where it was in the first place...

what is happening currency, whole market is frozen>
  • #226
  • May 21, 2008 9:44am May 21, 2008 9:44am
Quoting hard1head1
My lord man, most pairs moved over 100 pips this morning. You just got to be there when it does. No U.S. news until they farted one out at 10:30 about the oil. I can't understand why your not catching pips, Nav. because I have a sh-t load this week.

Jim

i did catch some....but i ws cable mostly now i did my chart for the pairs yur trading so hopefully i shall see some of the moves....
  • #227
  • May 21, 2008 9:49am May 21, 2008 9:49am
I wasn't here all the day, just came from my work.
Now i'm on the middle, Have short not sure close or wait
my [email protected]
  • #228
  • May 21, 2008 11:20am May 21, 2008 11:20am
Keep working, I am sorry I cant be here all the time, but Lucky Lurker and RT said they will help run the thread.


Quoting nAVIN2007
i did catch some....but i ws cable mostly now i did my chart for the pairs yur trading so hopefully i shall see some of the moves....
  • #229
  • May 21, 2008 12:23pm May 21, 2008 12:23pm
This bugger just does not want to cross the 38 fibo. Closed 1 short from 163.02 for 40 pips got 1 more running. Will just be patient
  • #230
  • May 21, 2008 1:31pm May 21, 2008 1:31pm
Quoting Runway Trade
This bugger just does not want to cross the 38 fibo. Closed 1 short from 163.02 for 40 pips got 1 more running. Will just be patient
It touch the the 89 and now formed a morning star. U think it will slowly cross the 89?
  • #231
  • May 21, 2008 1:35pm May 21, 2008 1:35pm
There isn't enough volume in the market this afternoon to drive it thru. It may go back up to R1 Pivot before going thru, but dont know. Wait till tonight. By the way up 72 on the CAD and still miles away from the 89.


Quoting Runway Trade
This bugger just does not want to cross the 38 fibo. Closed 1 short from 163.02 for 40 pips got 1 more running. Will just be patient
  • #232
  • May 21, 2008 1:45pm May 21, 2008 1:45pm
Quoting Doose
It touch the the 89 and now formed a morning star. U think it will slowly cross the 89?
Yeh I think we will stil be on the rails for the next 2-4 hours before some direction. 11pm now in SA going to bed, S/L and T/P set hope to wake up under 162!???
  • #233
  • May 21, 2008 1:48pm May 21, 2008 1:48pm
Pivot: 163.3

Our preference: Short positions below 163.3 with targets @ 162.3 & 161.7 in extension.

Alternative scenario: Above 163.3 look for further upside with 163.8 & 164.15 as targets.

Comment: an upside breakout of the 163.30 resistance area would trigger a bullish acceleration, caution.
Attached Image
Don't chase the market, Let the market come to you
  • #234
  • May 21, 2008 1:56pm May 21, 2008 1:56pm
Here is an example of a trade from the start that I am still in. Don't let anyone ever tell you you cant make money off the 5 min chart.
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  • #235
  • May 21, 2008 3:24pm May 21, 2008 3:24pm
Quoting hard1head1
There isn't enough volume in the market this afternoon to drive it thru. It may go back up to R1 Pivot before going thru, but dont know. Wait till tonight. By the way up 72 on the CAD and still miles away from the 89.
Ok well I see u guys l8r. Well I made money off the 5 min. 89 smoothy does wonders in my eyes with little I know..I jus need to be awake when things setting up..

l8r
  • #236
  • May 21, 2008 3:34pm May 21, 2008 3:34pm
Quoting hard1head1
Here is an example of a trade from the start that I am still in. Don't let anyone ever tell you you cant make money off the 5 min chart.
Now that is worth a 1,000,000 words.

GOOD WORK, HH
I trade what I see on my charts. Do Not listen to the Muppets.
  • #237
  • May 21, 2008 3:50pm May 21, 2008 3:50pm
Hey all, we need a better way to comunicate. This posting really sucks. I am thinking Yahoo Instant Mess. or Skype.
  • #238
  • May 21, 2008 3:52pm May 21, 2008 3:52pm
Quoting hard1head1
Hey all, we need a better way to comunicate. This posting really sucks. I am thinking Yahoo Instant Mess. or Skype.
You could set up a free room at tradingrooms.com. I like it because people can share their desktops and help each other see the way they trade.

Just an option.


BTW. Don't forget that Frankfurt is closed for next session for Holiday.
  • #239
  • May 21, 2008 3:55pm May 21, 2008 3:55pm
Quoting hard1head1
Hey all, we need a better way to comunicate. This posting really sucks. I am thinking Yahoo Instant Mess. or Skype.

My vote is for MIRC.

Very little system overhead.

Free download.

The link is:

http://www.mirc.com/

Check it out
I trade what I see on my charts. Do Not listen to the Muppets.
  • #240
  • May 21, 2008 4:00pm May 21, 2008 4:00pm
Quoting hard1head1
Hey all, we need a better way to comunicate. This posting really sucks. I am thinking Yahoo Instant Mess. or Skype.
every thread that goes into a room dies and the vast majority of those that follow it lose but for the few that can be around in the room when other are there. There are many that pop in and pop out to see what you have posted to follow along but do not post themselves.

just a thought here
Don't chase the market, Let the market come to you
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