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  • #27,481
  • Sep 5, 2008 5:51am Sep 5, 2008 5:51am
Quoting don.key
I would not be so sure:

http://www.forexfactory.com/news.php?do=news&id=104669

Ok, could someone please explain me why some, obviously very powerful organization(s) supports the 14200 line? Do people in those organization(s) believe in the fact that EUR will go up? If so, why not let it fall a bit more and then long it again? Why keep 14200?

They like round numbers. Do I win?
Redefining Reality
  • #27,482
  • Sep 5, 2008 5:59am Sep 5, 2008 5:59am
so you are pretty confidant on it breaking the 200 mark.

as i write this it broke 200. D@#m the man is good
  • #27,483
  • Sep 5, 2008 6:07am Sep 5, 2008 6:07am
Quoting Jurrasic
There is no support. After 1.43 this thing will not stop until it hits 1.385-1.39 where the uptrend support line is.

I do not know Jurrasic, it holds pretty long for having "No support"
  • #27,484
  • Sep 5, 2008 6:11am Sep 5, 2008 6:11am
Quoting don.key
I do not know Jurrasic, it holds pretty long for having "No support"
There you go, we pinched it's butt. lol We fell 350 pips yesterday man, 500 since the start of the week less than 5 days ago. This thing is just resting for a while, and it should't be a long while..
On the path to Enrichment.
  • #27,485
  • Sep 5, 2008 6:12am Sep 5, 2008 6:12am
Quoting Jurrasic
There you go, we pinched it's butt. lol We fell 350 pips yesterday man, 500 since the start of the week. This thing is just resting for a while, and it should't be a long while..
jurrasic is such a joker
  • #27,486
  • Sep 5, 2008 6:15am Sep 5, 2008 6:15am
Quoting Verto
jurrasic is such a joker

I tried that trick yesterday, cost me 100 pips and 2%.. The bulls are sleeping, let the party continue.
On the path to Enrichment.
  • #27,487
  • Sep 5, 2008 6:16am Sep 5, 2008 6:16am
someone asked for oil update or live price.. try this link of NYMEX

http://nymexdatardc.cme.com/index.html
  • #27,488
  • Sep 5, 2008 6:17am Sep 5, 2008 6:17am
If this H1 candle close above 1,4215, and USDCHF candle close below 1,1159 then I will go long on EU on the opening of the next candle (30 minutes befor NFP).
  • #27,489
  • Sep 5, 2008 6:20am Sep 5, 2008 6:20am
Quoting Jurrasic
There you go, we pinched it's butt. lol We fell 350 pips yesterday man, 500 since the start of the week less than 5 days ago. This thing is just resting for a while, and it should't be a long while..
The butt has rejected the penetration with the force.

We all think it goes down, but we might see some interesting things today I have a feeling.

But I am not reopening my long positions (yet) lol.
  • #27,490
  • Sep 5, 2008 6:23am Sep 5, 2008 6:23am
Quoting magictrader
If this H1 candle close above 1,4215, and USDCHF candle close below 1,1159 then I will go long on EU on the opening of the next candle (30 minutes befor NFP).
The forex market will appriciate your donation...
On the path to Enrichment.
  • #27,491
  • Sep 5, 2008 6:32am Sep 5, 2008 6:32am
Hi Jurrasic,

My horly chart show a wedge, like to seek you guys confirmation.

will it hit the upper trend line and from there bounce down as in breakout.

Thanks and regards
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  • #27,492
  • Sep 5, 2008 6:33am Sep 5, 2008 6:33am
Quoting Jurrasic
The forex market will appriciate your donation...
Scalping before a news release is safer than after the release. Just be out before the release.

Scalping right after a release is suicide, unless you use >50 pip stop losses.
  • #27,493
  • Sep 5, 2008 6:38am Sep 5, 2008 6:38am
Yesterday instead of making +125 pips I ended up losing -40 pips simply because I hesitated. I was very frustrated even though I usually leave my emotions out when trading. I won't repeat that mistake today. Currently Euro is putting up a fight at 4200, should get past that already. Seems like market is waiting for US news.
  • #27,494
  • Sep 5, 2008 6:39am Sep 5, 2008 6:39am
whoever said 1.4200 is a strong support, you may be right!...it broke it and came above it in a fury, the only thing that can push it down below it again is if by some miracle nfp is positive which i highly doubt...nothing has changed in the economy, it is clearly reflected in the stock market...in other words...we may go 100+pips up from here if nfp is bad
Different opinions highly valued, ignorant to slander.
  • #27,495
  • Sep 5, 2008 6:42am Sep 5, 2008 6:42am
entry point @ 1.4200 soon +50 pips
  • #27,496
  • Sep 5, 2008 6:44am Sep 5, 2008 6:44am
Quoting psiholog
whoever said 1.4200 is a strong support, you may be right!...it broke it and came above it in a fury,
You mean fury on a 5m chart.. wow, cooool....
Quoting Jmx
Hi Jurrasic,

My horly chart show a wedge, like to seek you guys confirmation.

will it hit the upper trend line and from there bounce down as in breakout.

Thanks and regards
Donno.. But the trend is your friend, if you can (and you're supposed to with proper mm) stomach some temporary red pips (though it's better to wait for a top patiently). Probably better to wait for the news, could provide a better position for shorts for you mid-term trend followers. I prefer my scalping.

READ THIS:
http://www.forexfactory.com/showpost...postcount=3461
On the path to Enrichment.
  • #27,497
  • Sep 5, 2008 6:47am Sep 5, 2008 6:47am
Quoting Jurrasic
You mean fury on a 5m chart.. wow, cooool....
5m,15m,1h w/e your poison is

Editlus...5m is the first indication of where a pair might go, if the first 5m candle breaks a strong support/resistance only the second cnofirms it otherwise its a falsie
good example right now...1.4250 has become a relatively strong resistance for the time being, only if 2 succeeding candlesticks (5m chart)close above it does it become a support
Different opinions highly valued, ignorant to slander.
  • #27,498
  • Sep 5, 2008 6:50am Sep 5, 2008 6:50am
awaiting the NFE i'm also thinkin long, but i think i will wait to see
  • #27,499
  • Sep 5, 2008 6:51am Sep 5, 2008 6:51am
[quote=Jurrasic;2202779]You mean fury on a 5m chart.. wow, cooool....

Donno.. But the trend is your friend, if you can (and you're supposed to with proper mm) stomach some temporary red pips. Probably better to wait for the news, could provide a better position for shorts for you mid-term trend followers. I prefer my scalping.

Thanks.

As I am still learning thus hopefully that you guys can give some advice .

BTW I had a Limit short at 1.4271 with a very thight SL 10 pips away if it really touch and go will tp at 1.4221 .

Any commends??

Regards
  • #27,500
  • Sep 5, 2008 6:56am Sep 5, 2008 6:56am
[quote=Jmx;2202797]
Quoting Jurrasic
BTW I had a Limit short at 1.4271 with a very thight SL 10 pips away if it really touch and go will tp at 1.4221 .
Good r:r but I don't see any resistance at 271-281, if it reaches the first what will stop it from hitting the second ? The weekly s3 pivot is at 312, you can see how that provided a serious resistance today, for example. And with the news coming there could be spikes and wide spreads and so on, not advisable to use limit orders during all that.
On the path to Enrichment.
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