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EURUSD

  • #27,661
  • Sep 5, 2008 1:44pm Sep 5, 2008 1:44pm
Quoting Jurrasic
You're kidding me right ? You were the one calling for shorts and talking about momentum. This wave doesn't look done in the least and momentum is huge, and there's no support until 1.385-1.4. A bit above 1.4 is a possible target but seems more likely it'll make it all the way to 385-39.

Have a great weekend everybody

yep thats whole me
Pattern recognition before will taking place thats my second name,
anyway i shorted dollars because of that below

kiwi correction
Attached Image
  • #27,662
  • Sep 5, 2008 1:46pm Sep 5, 2008 1:46pm
Quoting Jurrasic
You're kidding me right ? You were the one calling for shorts and talking about momentum. This wave doesn't look done in the least and momentum is huge, and there's no support until 1.385-1.4. A bit above 1.4 is a possible target but seems more likely it'll make it all the way to 385-39.
Oh and oil is probably not done dropping until 100..


Nope, that's just a possible weekend gap to profit from.

Have a great weekend everybody

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Quoting 5ysfx
yep thats whole me
Pattern recognition before will taking place thats my second name,
anyway i shorted dollars because of that below

kiwi correction

Attached Image
Thanks guys for those charts! Appreciate it

Maarten
  • #27,663
  • Sep 5, 2008 1:47pm Sep 5, 2008 1:47pm
Quoting LuckyLurker
There's an Opec meeting on Tuesday and they're expected to talk about cutting production in order to bolster prices.
yeah, they're really falling on hard times over there.
  • #27,664
  • Sep 5, 2008 1:56pm Sep 5, 2008 1:56pm
Quoting cobraforex
Anyhow I'm gonna take that risk (but on my gambling account.
A want to explain why I call this my gambling account.
That account has about 5% of my total inversion for the FX business, sometimes there are trades that look profitable but have higher risks than I usual take.
Weekend gaps can cause big losses because my broker closes my SL if touched at the open price that can be much more than my SL setup.
So I have in play all the account balance because the loss can be much more as I was calculating.
  • #27,665
  • Sep 5, 2008 1:58pm Sep 5, 2008 1:58pm
I had a pretty good day thanks to my new trading system. Only one trade went bad. Sooooo, feeling pretty good today

Attached Image


Maarten
  • #27,666
  • Sep 5, 2008 2:01pm Sep 5, 2008 2:01pm
Excellent Maarten, enjoy the weekend
  • #27,667
  • Sep 5, 2008 2:02pm Sep 5, 2008 2:02pm
Quoting bigandrich
Excellent Maarten, enjoy the weekend
Thanks. You to!

Maarten

By the way, I forgot to ask; how was your day?
  • #27,668
  • Sep 5, 2008 2:02pm Sep 5, 2008 2:02pm
Quoting evilglory
are u in singapore or is 801?
Trading801 appears to be in Singapore. I'm in Virginia, USA.
Up or down, gimme a ticket
  • #27,669
  • Sep 5, 2008 2:05pm Sep 5, 2008 2:05pm
Quoting Maarten999
Thanks. You to!

Maarten

By the way, I forgot to ask; how was your day?
great scalping day for me,thanks
  • #27,670
  • Sep 5, 2008 2:08pm Sep 5, 2008 2:08pm
Quoting Maarten999
I had a pretty good day thanks to my new trading system. Only one trade went bad. Sooooo, feeling pretty good today
Maarten
Excelent results, congrat's wish to say the same for me but I can't. Took only two small scalp trades today.

You will have a happy weekend on that gains.
  • #27,671
  • Sep 5, 2008 2:08pm Sep 5, 2008 2:08pm
It was fun working with, laughing with and learning from this thread this week. Have a great weekend.

Ed Out.
Up or down, gimme a ticket
  • #27,672
  • Sep 5, 2008 2:11pm Sep 5, 2008 2:11pm
If today was Thursday I would go Long
  • #27,673
  • Sep 5, 2008 2:12pm Sep 5, 2008 2:12pm
dam missed the nfp data today since its a weekend here in dubai how was your trading 2day fellas?
  • #27,674
  • Sep 5, 2008 2:14pm Sep 5, 2008 2:14pm
Quoting Polonaise
If today was Thursday I would go Long
If today was july I would go short
  • #27,675
  • Sep 5, 2008 2:19pm Sep 5, 2008 2:19pm
Quoting Polonaise
If today was Thursday I would go Long
Honestly man, this is trending lower and lower. I don't see any need to try and catch a possible bottom.
  • #27,676
  • Sep 5, 2008 2:23pm Sep 5, 2008 2:23pm
Quoting bigandrich
Honestly man, this is trending lower and lower. I don't see any need to try and catch a possible bottom.
Don't you think there is reverse head and shoulders pattern forming on hourly chart?
  • #27,677
  • Sep 5, 2008 2:26pm Sep 5, 2008 2:26pm
Quoting Polonaise
Don't you think there is reverse head and shoulders pattern forming on hourly chart?


RSI divergence
  • #27,678
  • Sep 5, 2008 2:28pm Sep 5, 2008 2:28pm
Hi,

I see many posts talking about scalping. I have never been successful in scalping when I tried sometime back.

Can you please guide me to some good scalping strategy that I could start practicing all over again ?

Have a very nice weekend

TS
  • #27,679
  • Sep 5, 2008 2:30pm Sep 5, 2008 2:30pm
Quoting SpecialEd
Trading801 appears to be in Singapore. I'm in Virginia, USA.



Hey thats cool i live in Michigan, USA
  • #27,680
  • Sep 5, 2008 2:32pm Sep 5, 2008 2:32pm
Very interesting day.
After the morning explosion re-drawing Fibs with each move worked like a charm.
I too watch for patterns. Today's descending triangles were textbook.

My bias remains short, but 5ysfx chart shows a pretty compelling reason to watch for some major consolidation very soon. May have to switch gears.

Thanks to all sharing charts and ideas. Have a great weekend!
Jim
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