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EUR/USD Longer Term Trading

  • #101
  • Sep 29, 2008 9:37am Sep 29, 2008 9:37am
Many Thanks.
  • #102
  • Sep 29, 2008 9:28pm Sep 29, 2008 9:28pm
Well, What do you know about that.....Price is bouncing at 149.17...... Nice pickup for Monday.

Jim

Quoting hard1head1
There ya go, I just pulled 3/4 of my lots, put a pip for pip trail at 40 Pips on with a hard stop above M0. Also got a T/P at 149.35, See ya tonight whoever is here.
  • #103
  • Sep 29, 2008 9:47pm Sep 29, 2008 9:47pm
I'm a little confused as to how I found this thread... but sort of glad I did, as I trade EJ some and the EU gang seems to be a bit sensitive about that...

Anyway, since I'm here, have a fib... was in the process of cleaning up older charts and there it was. This was a fib I pulled on a 2hr swing cycle back when and forgot about.

Currently 20 pips up on a long from 49.25. I'll see where it goes...
Attached Image
FUBAR...
  • #104
  • Sep 30, 2008 12:18am Sep 30, 2008 12:18am
They don't realize how you can look at one a lot of times and learn a whole lot about the other.

Quoting ak4x
I'm a little confused as to how I found this thread... but sort of glad I did, as I trade EJ some and the EU gang seems to be a bit sensitive about that...

Anyway, since I'm here, have a fib... was in the process of cleaning up older charts and there it was. This was a fib I pulled on a 2hr swing cycle back when and forgot about.

Currently 20 pips up on a long from 49.25. I'll see where it goes...
  • #105
  • Sep 30, 2008 12:20am Sep 30, 2008 12:20am
E/U is looking to it the Daily 61.8 % Fib level, ( 1.4261ish ) and at the break of that level, ( 1.3878ish ) Eventually which is 100 % Fib.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu 61.8 fib.gif Size: 23 KB
  • #106
  • Sep 30, 2008 12:22am Sep 30, 2008 12:22am
Right now we could see a pullback to 1.4399 or the Daily Pivot at 1.4435.... which is 100% of the last 15 min move down
  • #107
  • Sep 30, 2008 12:32am Sep 30, 2008 12:32am
Heres the poop on the small retrace.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 30 KB
  • #108
  • Sep 30, 2008 12:34am Sep 30, 2008 12:34am
I just took my hedge off. Notice my sell stop is out here beyond pluto and if this high was broken I would have moved it behind the DPP, ( Purple line )
  • #109
  • Sep 30, 2008 3:50am Sep 30, 2008 3:50am
E/U and E/J look to be heading back to the DPP.
  • #110
  • Sep 30, 2008 3:28pm Sep 30, 2008 3:28pm
If I could have stayed up today I could have traded some nice channels. Here is an example of a 40 pip channel. You can spot these at times in the interim times between sessions.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 32 KB
  • #111
  • Sep 30, 2008 3:35pm Sep 30, 2008 3:35pm
When I set the long term level at the 100% Fib level, I didn't think it would come down that quick, what with everything else thats going on, it doesn't surprise me. I belive we could hit that mark sooner than I expected. Don't rule out a retrace to the 15 Min 89, ( 1.4187 ). Or the DPP which will be reste at 5 PM EST. Here is the Daily chart with Fib.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 61.8 fib.gif Size: 24 KB
  • #112
  • Sep 30, 2008 3:45pm Sep 30, 2008 3:45pm
Nice pips here on this channel. I am following it down on the 5 Min. chart. My day is going to be done 1 hr after I got up...LOL
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 31 KB
  • #113
  • Sep 30, 2008 3:57pm Sep 30, 2008 3:57pm
Remember, it can always turn at the last high. Like right now its at a previous high. Got to keep that in mind.

Quoting hard1head1
Nice pips here on this channel. I am following it down on the 5 Min. chart. My day is going to be done 1 hr after I got up...LOL
  • #114
  • Sep 30, 2008 6:35pm Sep 30, 2008 6:35pm
Very Nice afternoon.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 36 KB
  • #115
  • Sep 30, 2008 7:10pm Sep 30, 2008 7:10pm
Still chewing up that channel.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 36 KB
  • #116
  • Sep 30, 2008 8:17pm Sep 30, 2008 8:17pm
Its like stealing!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 39 KB
  • #117
  • Oct 1, 2008 3:25am Oct 1, 2008 3:25am
I am not going to sleep until it breaks out....LOL Like I said, Its like Stealing
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 49 KB
  • #118
  • Oct 1, 2008 3:32am Oct 1, 2008 3:32am
Pardon me for asking and I don't want to rain on your parade....but what exactly "long-term" stuff is discussed here in relation to the EURUSD?
  • #119
  • Oct 1, 2008 3:36am Oct 1, 2008 3:36am
Itry to get the direction and the trend here on the 4 Hr and the Daily and enter on the 15 Min or the 1 hr. Obviously that isnt happening at the moment so we take what we can get.

Quoting tehuringa
Pardon me for asking and I don't want to rain on your parade....but what exactly "long-term" stuff is discussed here in relation to the EURUSD?
  • #120
  • Oct 1, 2008 3:39am Oct 1, 2008 3:39am
Using the 89 SMA for trend direction to assure all of our trades are with the trend. If you make a habit of trading against the trend, you wont be around very long.

Jim

Quoting hard1head1
Itry to get the direction and the trend here on the 4 Hr and the Daily and enter on the 15 Min or the 1 hr. Obviously that isnt happening at the moment so we take what we can get.
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