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EURUSD

  • #15,441
  • Jul 21, 2008 3:34pm Jul 21, 2008 3:34pm
Quoting craazy
Let me know... Also whats your S/L?


just closed all position.
  • #15,442
  • Jul 21, 2008 3:35pm Jul 21, 2008 3:35pm
anyone reason for shorting? thought the trend is bullish?
  • #15,443
  • Jul 21, 2008 3:35pm Jul 21, 2008 3:35pm
Quoting kingmaker
just closed all position.
Why??
Craazy
  • #15,444
  • Jul 21, 2008 3:36pm Jul 21, 2008 3:36pm
Quoting craazy
Why??

I don't like market action. It might reverse, but better to take minimal loss and run. more trades to come.
  • #15,445
  • Jul 21, 2008 3:38pm Jul 21, 2008 3:38pm
Just caught a nice 30 pip breakout above resistance. May test the high later this week.
  • #15,446
  • Jul 21, 2008 3:39pm Jul 21, 2008 3:39pm
Quoting kingmaker
I don't like market action. It might reverse, but better to take minimal loss and run. more trades to come.
i see you know about risk management dude , nice! there will be better opportunities to short later
... /$ -> LONG
  • #15,447
  • Jul 21, 2008 3:41pm Jul 21, 2008 3:41pm
IŽll stick to my plan from last week.

but it has no confirmation from a candlestick pattern, very very sorry.
Attached Image (click to enlarge)
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  • #15,448
  • Jul 21, 2008 3:52pm Jul 21, 2008 3:52pm
The game is about to start @ london open
  • #15,449
  • Jul 21, 2008 4:15pm Jul 21, 2008 4:15pm
Attached Image (click to enlarge)
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It's me...
  • #15,450
  • Jul 21, 2008 4:35pm Jul 21, 2008 4:35pm
AgentFx I know you're not a noob but... IMO; I hope you're not taking your decision based on that stochastic ..

if you remember and take a deep look of how stochastic works its based on YoYo markets which case we don't have this moment. You will get a high reading all the time and in a small drop of the price you will see a BIG selling signal on that indicator. Better watch out for supports and resistances and us$ holocaust ...

best trading wishes!
... /$ -> LONG
  • #15,451
  • Jul 21, 2008 4:47pm Jul 21, 2008 4:47pm
Quoting MaZae
Craazy, are you CRAZY !??

you are seeing see the us$ armageddon coming and you don't fall on your knees?
LOL.

Anyway happy taking profits
  • #15,452
  • Edited 5:18pm Jul 21, 2008 4:49pm | Edited 5:18pm
Quoting MaZae
AgentFx I know you're not a noob but... IMO; I hope you're not taking your decision based on that stochastic ..

if you remember and take a deep look of how stochastic works its based on YoYo markets which case we don't have this moment. You will get a high reading all the time and in a small drop of the price you will see a BIG selling signal on that indicator. Better watch out for supports and resistances and us$ holocaust ...

best trading wishes!
Hi MaZae,

My trade here (which failed to meet the criteria and was never taken) is based on price action. EUR/USD is clearly in a "long term" uptrend. I am not basing my trades on stochs. I am just using stochastic as a filter
It's me...
  • #15,453
  • Jul 21, 2008 4:55pm Jul 21, 2008 4:55pm
I also will short EU/USD if 1H Candle do not close above 1.930-1950......if within previous hourly pin .........reason 1.5940-45 gap will be the resistance for Asian session............ TP 1-1.5912 TP 2 1.5880
I still think this is bull trap .........I maybe wrong ........
BANDA333
  • #15,454
  • Jul 21, 2008 5:11pm Jul 21, 2008 5:11pm
Quoting BANDA
I also will short EU/USD if 1H Candle do not close above 1.930-1950......if within previous hourly pin .........reason 1.5940-45 gap will be the resistance for Asian session............ TP 1-1.5912 TP 2 1.5880
I still think this is bull trap .........I maybe wrong ........
Be careful Banda, the eur has had a long time now to consolidate and it failed to break 5800 which was a key level for the dollar to break. Because the Euro has had so much time to consolidate it has the potential to go way up and most likely break 1.6. There's my 2 cents. Just tryin to look out for my fellow traders. Be careful.
  • #15,455
  • Jul 21, 2008 5:27pm Jul 21, 2008 5:27pm
I just long e/u for 15pips up. Small scalp.

1.5925 for 1.5940

  • #15,456
  • Jul 21, 2008 5:53pm Jul 21, 2008 5:53pm
Quoting BANDA
I also will short EU/USD if 1H Candle do not close above 1.930-1950......if within previous hourly pin .........reason 1.5940-45 gap will be the resistance for Asian session............ TP 1-1.5912 TP 2 1.5880
I still think this is bull trap .........I maybe wrong ........
BANDA; what you define as a bull trap?? a short rally? a long rally?

today we have seen a 100 pips runaway to the top in EU and price action is very clear. i'm not trying to change your mind but watch out with those shorts, it has happened to me that i'm conscious of the main trend (in this case, lets say long) but i get trapped in small short trades trying to hunt the more pips i can.

best trading wishes!
... /$ -> LONG
  • #15,457
  • Jul 21, 2008 5:53pm Jul 21, 2008 5:53pm
Here is a quick shot of my 4 Hr
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 34 KB
  • #15,458
  • Jul 21, 2008 5:56pm Jul 21, 2008 5:56pm
Thank-you buddy........... thankx a lot for insight..........

Quoting spivvster
Be careful Banda, the eur has had a long time now to consolidate and it failed to break 5800 which was a key level for the dollar to break. Because the Euro has had so much time to consolidate it has the potential to go way up and most likely break 1.6. There's my 2 cents. Just tryin to look out for my fellow traders. Be careful.
BANDA333
  • #15,459
  • Jul 21, 2008 6:11pm Jul 21, 2008 6:11pm
Hi Mae,

Even though I mention this instance as a bull trap it is not exactly a bull trap. I meant as the EU/USD cross beached a major resistance during low volume end of the session time period. I thought as this has happened during low volume trading it could move south, reason from the recent low if you draw a standard deviation channel or standard error channel still the price in lower channel and still didn't breach the middle line.


Quoting MaZae
BANDA; what you define as a bull trap?? a short rally? a long rally?

today we have seen a 100 pips runaway to the top in EU and price action is very clear. i'm not trying to change your mind but watch out with those shorts, it has happened to me that i'm conscious of the main trend (in this case, lets say long) but i get trapped in small short trades trying to hunt the more pips i can.

best trading wishes!
BANDA333
  • #15,460
  • Jul 21, 2008 6:31pm Jul 21, 2008 6:31pm
Quoting BANDA
Hi Mae,

Even though I mention this instance as a bull trap it is not exactly a bull trap. I meant as the EU/USD cross beached a major resistance during low volume end of the session time period. I thought as this has happened during low volume trading it could move south, reason from the recent low if you draw a standard deviation channel or standard error channel still the price in lower channel and still didn't breach the middle line.
yea' , something i forget very often to look at is volume, how do you see it? where? .. as for the deviation channel, are we talking about a bollinger band? i thought the middle line doesn't have any use but a simple moving average
... /$ -> LONG
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