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EUR/USD Longer Term Trading

  • #41
  • Sep 26, 2008 7:11am Sep 26, 2008 7:11am
Yea, you guys go with the Fibs and I will keep my Technicals going and we will beat this thing. We will also be looking at anything setting up. I look at E/J a lot also. I am hooked up with Money Duck and he is one of the best, I learned everything from him.

Jim
  • #42
  • Sep 26, 2008 7:14am Sep 26, 2008 7:14am
Please direct all questions to the expierienced traders that hang around this thread, and please do not ask, " Which way do you think it will go".
  • #43
  • Sep 26, 2008 7:17am Sep 26, 2008 7:17am
As expected, the pair went right to the Daily Pivot Point and turned. Will .4614 hold?
Attached Image (click to enlarge)
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  • #44
  • Sep 26, 2008 7:22am Sep 26, 2008 7:22am
Not Bad for Friday morning
  • #45
  • Sep 26, 2008 7:30am Sep 26, 2008 7:30am
If it does break the DPP, keep in mind there is a 4 Hr DTL about 88 pips away as seen below.
Attached Image (click to enlarge)
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  • #46
  • Sep 26, 2008 7:30am Sep 26, 2008 7:30am
Nice trade HH.

Here's another view.....IF it does pull back, the confluence of both APFs , the fib 38% and a Lucas time line will be in play around Sunday's open.....mm, TWT
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #47
  • Sep 26, 2008 7:45am Sep 26, 2008 7:45am
Not sure I quite understand, but I am glad we got other views, ole buddy.

Quoting Islander
Nice trade HH.

Here's another view.....IF it does pull back, the confluence of both APFs , the fib 38% and a Lucas time line will be in play around Sunday's open.....mm, TWT
  • #48
  • Sep 26, 2008 8:09am Sep 26, 2008 8:09am
UJ has developed a 4 Hr pennant triangle and it is coming off the bottom.
Attached Image (click to enlarge)
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  • #49
  • Sep 26, 2008 8:12am Sep 26, 2008 8:12am
We have a 15 Min Descending Triangle forimg on E/U
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  • #50
  • Sep 26, 2008 8:44am Sep 26, 2008 8:44am
If we can get by this support at 153.47, we may drop to 152 or more. Notice 89 resistance on the 1 Hr T/F is trying to hold. Since it is the 1 Hr I don't put as much stock in it as I do the Daily or the 4 Hr, but sometimes they work out,

Jim
Attached Image (click to enlarge)
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  • #51
  • Sep 26, 2008 9:05am Sep 26, 2008 9:05am
Would love to join in on this thread. Finally a thread for longer term traders.
Potential bull flag on hourly E/U. However, this could easily fail due to too much resistance by the flag's upper TL coinciding with the 50 fib level (draw from the August 07 low).


http://i37.tinypic.com/a2z0ox.jpg
  • #52
  • Sep 26, 2008 10:02am Sep 26, 2008 10:02am
Quoting scexglobal
Would love to join in on this thread. Finally a thread for longer term traders.
Potential bull flag on hourly E/U. However, this could easily fail due to too much resistance by the flag's upper TL coinciding with the 50 fib level (draw from the August 07 low).


http://i37.tinypic.com/a2z0ox.jpg
Your lower support line just happens to cross with my APF lines inside the ellipse shown on my chart above - a second bite at the cherry incase my red APF is unsustainably steep - which I suspect it is!
Trading Levels with WRBs
  • #53
  • Sep 26, 2008 10:22am Sep 26, 2008 10:22am
Quoting Islander
Your lower support line just happens to cross with my APF lines inside the ellipse shown on my chart above - a second bite at the cherry incase my red APF is unsustainably steep - which I suspect it is!
  • #54
  • Sep 27, 2008 5:43am Sep 27, 2008 5:43am
I have seen this situation before guys and gals. You get the 15 Minute signal, it tests and hold is good. Then you look down at the 1 Hr and I'll be darned if the 89 isnt broken also. You still have 1 small problem as the 4 Hr 89 looms 20 pips ahead and the DTL about, 50. You check out the Day and you see 150 pips to the Daily DTL and some quick figuring tells you that if the 4 Hr is broken, 100 pips or so is yours. Not bad since your stop is only 45 pips putting you beyond the 15 Minute 89. So you tell yourself, R & R is good. HOWEVER, remembering your still in the trade you see that if the Daily DTL happens to break, 655 total pips is possible.
Here is how I would look at this trade: Since the signal is given on the 15, chances are the spread will be covered in no time at all. I am thinking about putting 2 mini lots on and pulling 1/2 at the 4 hr 89. Move the stop to B/E and just take a shot.

If all goes well, you could very well get 600+ Pips with only risking 45 Pips.

Always have a plan to go the other way. Because if the price bounces off the 4 Hr DTL, It could end up being a nice short.

Jim
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  • #55
  • Sep 27, 2008 8:31am Sep 27, 2008 8:31am
Next week plan.
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  • #56
  • Sep 27, 2008 8:32am Sep 27, 2008 8:32am
Same trade as GBP/CHF except not as many pips. Smaller stoploss, ( 25-30 ) Pips. See Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-CHF Quad.png Size: 124 KB
  • #57
  • Sep 27, 2008 9:03am Sep 27, 2008 9:03am
Mixed signals on the E/U. Could go either way. Short is taking a real chance simply because the price is above the 89 SMA on the 4 Hr. There is no trade here guys, at least not yet. I have learned not to just jump in. Both analysis came thru so far this week. Keep 1 thing in mind:

THE ONLY WAY I WOULD GO SHORT HERE IS A BREAK BELOW THE 4 HR 89 AND A TEST TO HOLD.

THE ONLY WAY I WOULD GO LONG HERE IS IF THE 15 MIN BROKE THE DPP AND THE 4 HR DTL IS BROKEN TO THE UPSIDE.

TRANSLATION: TRADE SOMETHING ELSE THAT LOOKS BETTER!!!!

SEE POST #48 AND #50

JIM
Attached Image (click to enlarge)
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  • #58
  • Sep 27, 2008 9:19am Sep 27, 2008 9:19am
The last post is for the Newbys. Trying to keep them from jumping in short only to see price bounce long off of the 89 SMA, Guys and Gals. Later
  • #59
  • Sep 27, 2008 9:28am Sep 27, 2008 9:28am
Quoting hard1head1
Mixed signals on the E/U. Could go either way. Short is taking a real chance simply because the price is above the 89 SMA on the 4 Hr. There is no trade here guys, at least not yet. I have learned not to just jump in. Both analysis came thru so far this week. Keep 1 thing in mind:
Man chillout with that font size im not blind yet but if i will see such fonts again this is very probable.

For u is mixed signal for me is clearly bullish.
U have been calling upside since 25th sep.
Now u are hasitatating,
Be consequent dude if u wanna learn newbies here.

Cheers
  • #60
  • Sep 27, 2008 1:55pm Sep 27, 2008 1:55pm
If you dont want to go blind, go back to the thread you were in. Because you will cause people to crash and burn. Just being nice, you go your way and I will go mine. #1, I haven't been calling nothing on E/U, I have talked about E/J and A/U but never made an upside call on E/U! #2 I am not hesitating, just being cautious, there are better trade opportunities out there right now. #3, If you trade like you spell, I dont want to be anywhere near you.

So I think it best if you just stay where you were, since I came here to get away from you!!!!

Quoting 5ysfx
Man chillout with that font size im not blind yet but if i will see such fonts again this is very probable.

For u is mixed signal for me is clearly bullish.
U have been calling upside since 25th sep.
Now u are hasitatating,
Be consequent dude if u wanna learn newbies here.

Cheers
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