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EURUSD

  • #9,961
  • May 26, 2008 5:58am May 26, 2008 5:58am
It should slowly trend down, but you never know. Its a holiday, you take what you can get. A smart trader is sitting out, Im not dumb, but I see an opportunity for a few short pips, already up 25
  • #9,962
  • May 26, 2008 6:00am May 26, 2008 6:00am
Quoting hard1head1
Well, your coming off of a classic double top and your entry should be the low in between. I wait for it to test this low before staying in to go down farther. But its a holiday, so its a risky trade.
Double top at the 1hr agree
It screams shorties
  • #9,963
  • May 26, 2008 6:02am May 26, 2008 6:02am
Quoting hard1head1
It should slowly trend down, but you never know. Its a holiday, you take what you can get. A smart trader is sitting out, Im not dumb, but I see an opportunity for a few short pips, already up 25

hi bro

i think we will see the 70 area before slowely down

Attached Image (click to enlarge)
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  • #9,964
  • May 26, 2008 6:02am May 26, 2008 6:02am
Its called licking the scraps after the big dogs are gone.
  • #9,965
  • May 26, 2008 6:10am May 26, 2008 6:10am
Hey old buddy, your going to have to show me whats going to drive it up, because I CAN show you why it could go down. Like that hammer on the daily, and all those evening stars on the 1 hr. Shoot, there is even a double top with a lower high on the 4 hr.

Quoting warta
hi bro

i think we will see the 70 area before slowely down

Attachment
  • #9,966
  • May 26, 2008 6:12am May 26, 2008 6:12am
Quoting warta
here u go

Attachment
thanks a lot warta that was pretty fast
but i wanna know what time to pick my open price and closing price from
thanks
  • #9,967
  • May 26, 2008 6:13am May 26, 2008 6:13am
I can see your chart and on any other day I would agree, but I believe the holiday makes the differance. But since my stop is above 5800 it just doesn't matter.
  • #9,968
  • May 26, 2008 6:23am May 26, 2008 6:23am
a break out of a traingle any time from now and since it is in a down trend on the 1 hr, it looks on the shorties side.

It is my personal opinion though
  • #9,969
  • May 26, 2008 6:27am May 26, 2008 6:27am
Quoting hard1head1
I can see your chart and on any other day I would agree, but I believe the holiday makes the differance. But since my stop is above 5800 it just doesn't matter.
hey dear brother
this is my chart bro the 70 area not more than retrace to load down again

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  • #9,970
  • May 26, 2008 6:50am May 26, 2008 6:50am
Yea, I understand now that you were only talking 20 pips. Keep in mind the low between the double tops is 1.5755 and will be pretty invincible today.

Quoting warta
hey dear brother
this is my chart bro the 70 area not more than retrace to load down again

Attachment
  • #9,971
  • May 26, 2008 6:55am May 26, 2008 6:55am
Quoting hard1head1
Yea, I understand now that you were only talking 20 pips. Keep in mind the low between the double tops is 1.5755 and will be pretty invincible today.

yeah bro i notice and 755 is the 50 fibs too
usualy when we have a harmonic pattern confirmed , the target can be the 50 or 61 fibs depend the time frame
as far as we have a big time frame as far as we have a profitable signal .
for me less than 1 h time frame is to confirm the retrace and thats what we have now
  • #9,972
  • May 26, 2008 11:00am May 26, 2008 11:00am
Quoting amed12
yes weekly average
thx 4 ur response.

Does it always work 4 u?
  • #9,973
  • May 26, 2008 12:06pm May 26, 2008 12:06pm
Quoting hard1head1
It should slowly trend down, but you never know. Its a holiday, you take what you can get. A smart trader is sitting out, Im not dumb, but I see an opportunity for a few short pips, already up 25
Lol thanks for the compliment. I made my 20 last night trading the gap.Seems way too slow to even bother to trade but if you up 25 pips kudos to you.
  • #9,974
  • May 26, 2008 12:09pm May 26, 2008 12:09pm
Quoting WFXA
Hi traders..

Here is WFXA view on this week EURUSD expected moves..

enjoy !

(see attached file)


Rgds,

WFXA
Good report, I had the same projections and thoughts in mind
  • #9,975
  • May 26, 2008 4:56pm May 26, 2008 4:56pm
Quoting Gandolf
Let's see how I do. Possibilities for the coming days / week...
1. Retrace short ending immediately, OR down to 5739 (price hit 5741) OR somewhere in between
2. Potential long up to 5900 or so

movement initially sluggish, or delayed, because of low holiday volume

obviously... trade your OWN analysis, not mine. posting this is an experiment for me. don't usually post this stuff.
Light holiday volume could throw me off what i'm still riding, but my plan is still to look for a break of 5800 and then a run up to 5900. Some of the cries for shorts rattled me a little tho. COT data indicates commercial interest increasing for shorts... but that will take a while to effect the trend. I'll trade what i see. If there is a clear change in LT trend i'll exit my longs and take my lumps. My chart is in original post. http://www.forexfactory.com/showpost...postcount=9896
  • #9,976
  • May 26, 2008 5:08pm May 26, 2008 5:08pm
Im looking for a dip tonight and set up my long trade in anticipation from high CPI data from Germany, this will make for a nice 2 day or even possibly 3 day long for a good 200 pips assuming we can break into the 5900 range. I will be looking at price action in a few hours and look for the right entry point.
  • #9,977
  • May 26, 2008 5:32pm May 26, 2008 5:32pm
Quoting Dabek FX
Im looking for a dip tonight and set up my long trade in anticipation from high CPI data from Germany, this will make for a nice 2 day or even possibly 3 day long for a good 200 pips assuming we can break into the 5900 range. I will be looking at price action in a few hours and look for the right entry point.
where do u think would be a good entry point? i've made a couple of bad mistakes today was impatient. i have to learn to be patient!!
  • #9,978
  • May 26, 2008 6:01pm May 26, 2008 6:01pm
Quoting ah_nen
where do u think would be a good entry point? i've made a couple of bad mistakes today was impatient. i have to learn to be patient!!
Well Im going to nap soon, and wake around 1 NYC time.. Im looking for a dip passed 5750 to make a definite buy. Also, my decision will be backed up by the data from Germany: GDP and Consumer Confidence.

If that data points upward, I will stay in long until tomorrow's inflationary numbers come in to ride another potential up trending piece of data.
  • #9,979
  • May 26, 2008 6:13pm May 26, 2008 6:13pm
Quoting ah_nen
where do u think would be a good entry point? i've made a couple of bad mistakes today was impatient. i have to learn to be patient!!
It really depends on you bro. I mean most people look for a fib level,indicators, etc. Me personally i just jump in at any time based on how i interpret the news and my indicators. Difference is i have enough money in my account to ride a trade. I was like you in the beginning but changed my ways over time. It also seems like you might be overtrading. You said you made a couple of bad mistakes today like you did quite a few trades. That can also be hurting you. Maybe you should be looking on larger time frames like hr+ and place trades based on that. When you do that you have to walk away from computer because those trades don't turn profit right away.
  • #9,980
  • May 26, 2008 6:21pm May 26, 2008 6:21pm
I have gone long. The price is about where it was when my long triggered what seems like a lifetime ago, then went up, then fell back to my breakeven +2 .

I reckon the longer-term trend is up, so why not back the trade I entered sometime last century?

Mind you, I don't have a great record when it comes to trading anything other than an immediate bounce, so go short and make a killing everybody.

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