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EUR/USD Longer Term Trading

  • #121
  • Oct 1, 2008 3:54am Oct 1, 2008 3:54am
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.
Fair enough....you seem to be getting some winners
  • #122
  • Oct 1, 2008 4:14am Oct 1, 2008 4:14am
Right now I am waiting because the price is creeping toward the 89 SMA on the 15 Min TF on both the E/J and the E/U. If you look at the chart I prepared for the E/J Daily you will see that the price is failing the 76% Fib which coincides with a previous Inside Bottom. Its looking like we may get a long term push North, but its not set in stone yet. But I got a pretty good idea, and the E/U should follow suit. Charts are self explanatory. And you can see the Price creeping up on the 15 89 SMA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 21 KB
Click to Enlarge Name: ej89.gif Size: 41 KB
  • #123
  • Oct 1, 2008 4:38am Oct 1, 2008 4:38am
Here comes the push
  • #124
  • Edited 2:09pm Oct 1, 2008 4:53am | Edited 2:09pm
gonna do 1 of 2 things. Break long thru the 89, or bounce short
  • #125
  • Oct 1, 2008 5:00am Oct 1, 2008 5:00am
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?
I was also hoping some longer term trades when I saw the title. And as longer term I mean at least days or weeks.
  • #126
  • Oct 1, 2008 7:26am Oct 1, 2008 7:26am
It is going exactly the way it was drawn up on the daily.

Quoting hard1head1
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.
  • #127
  • Oct 1, 2008 7:38am Oct 1, 2008 7:38am
Looking for 1-300 pips or so per trade. I hope your prepared to be able to handle 1200-1500 pips stoplosses. Because thats what your going to be looking at.

Quoting mikkom
I was also hoping some longer term trades when I saw the title. And as longer term I mean at least days or weeks.
  • #128
  • Oct 1, 2008 8:18am Oct 1, 2008 8:18am
If you do not care for what we are doing here, just find another place to hang. I have posted nothing but winning situations, I haven't given out trades, but have made some good hints and if these hints were taken seriously, they would have over 1000 pips in their bank this week.

Thanks, Jim

Quoting mikkom
I was also hoping some longer term trades when I saw the title. And as longer term I mean at least days or weeks.
  • #129
  • Oct 1, 2008 8:23am Oct 1, 2008 8:23am
Price bounced off of the 89 SMA and came down, guys. So if you sold on one of the 2 Pairs E/J or E/U, you would be up 168 pips on E/U and 100 on E/J simply because the first red candle was a long Harami. Got to hit the trigger.

Quoting hard1head1
onna do 1 of 2 things. Break long thru the 89, or bounce short
  • #130
  • Oct 1, 2008 9:18am Oct 1, 2008 9:18am
Quoting hard1head1
Looking for 1-300 pips or so per trade. I hope your prepared to be able to handle 1200-1500 pips stoplosses. Because thats what your going to be looking at.
That totally depends on how you trade.

You don't need that large sl's if the trend is working with you. 3 atr or second s/r level is just fine.

I've had some positions for months with only tiny sl's initially. Only problem with smaller sl's is that you must be willing to take many losses before the real deal trade.

Quote
If you do not care for what we are doing here, just find another place to hang. I have posted nothing but winning situations, I haven't given out trades, but have made some good hints and if these hints were taken seriously, they would have over 1000 pips in their bank this week.

I'm not criticizing you, I was just hoping for long term setups.
  • #131
  • Oct 1, 2008 11:19am Oct 1, 2008 11:19am
Hey guys, been loving this new thread... great work.
  • #132
  • Edited 3:49pm Oct 1, 2008 3:45pm | Edited 3:49pm
Posted this chart earlier today on the eu thread, cuz I 'd forgotten about this one. Shaded ellipse is Target 1, and red question mark at lowest fib is exactly that... have to wait and see what things look like when we get there.

Honestly, all those 1m charts and chat room type posts every 2 minutes on the other eu thread are getting pretty tedious. So I'm on the prowl for new digs..

Here 's a long termer that I'm in. By that I mean I'm in trades with those target zones in sight. I scale out along the way, and if the remaining portion gets stopped out (at profit) from higher up, I bank 'em and reenter when it looks good, and then do it again. I don't believe in going negative after having been positive for 30-50 pips...

So it's "steady by jerks" till I get there. Hope that fits into this thread. If not... no worries.

PS Since this chart printed earlier this morning, it did retrace up to 4090 something. My reentry was at 4086.
Attached Image
FUBAR...
  • #133
  • Oct 1, 2008 4:15pm Oct 1, 2008 4:15pm
Should find its way on down to at least 100% Fib level as seen on the Daily chart posted here.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej15.gif Size: 34 KB
Click to Enlarge Name: ejday.gif Size: 22 KB
  • #134
  • Oct 1, 2008 4:19pm Oct 1, 2008 4:19pm
See chsrts below, not much to kepp it from going the distance and maybe even more.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu15.gif Size: 36 KB
Click to Enlarge Name: euday.gif Size: 25 KB
  • #135
  • Oct 1, 2008 4:20pm Oct 1, 2008 4:20pm
Nice to see someone else posting. Yes, keep your shorts

Quoting ak4x
Posted this chart earlier today on the eu thread, cuz I 'd forgotten about this one. Shaded ellipse is Target 1, and red question mark at lowest fib is exactly that... have to wait and see what things look like when we get there.

Honestly, all those 1m charts and chat room type posts every 2 minutes on the other eu thread are getting pretty tedious. So I'm on the prowl for new digs..

Here 's a long termer that I'm in. By that I mean I'm in trades with those target zones in sight. I scale out along the way, and if the remaining portion gets stopped out (at profit) from higher up, I bank 'em and reenter when it looks good, and then do it again. I don't believe in going negative after having been positive for 30-50 pips...

So it's "steady by jerks" till I get there. Hope that fits into this thread. If not... no worries.

PS Since this chart printed earlier this morning, it did retrace up to 4090 something. My reentry was at 4086.
  • #136
  • Oct 2, 2008 3:41am Oct 2, 2008 3:41am
Got 150 out of it, I hope you guys and gals did too.


Quoting hard1head1
See chsrts below, not much to kepp it from going the distance and maybe even more.
Attached Image (click to enlarge)
Click to Enlarge Name: euday.gif Size: 24 KB
  • #137
  • Oct 2, 2008 3:44am Oct 2, 2008 3:44am
Got 200 here. And I am showing you these before they happen. How many can claim that point.


Quoting hard1head1
Should find its way on down to at least 100% Fib level as seen on the Daily chart posted here.
Attached Image (click to enlarge)
Click to Enlarge Name: ejday.gif Size: 21 KB
  • #138
  • Oct 2, 2008 3:48am Oct 2, 2008 3:48am
I call this trading the garbage. I got a 15 min DTL the pair has been respecting, and I just stole 47 more back to it. There is just nothing like a nice daily support to throw the price back. Almost a no-brainer. Now it will make a decision,I am thinking it may come back down to form a double bottom. I will trade it this way. Have 2 plans here as it could break long. I am counting on another touch at the 3853 level.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.gif Size: 37 KB
  • #139
  • Oct 2, 2008 3:57am Oct 2, 2008 3:57am
Unless surprise, news should push it on down. Moving stops down a bit just in case
  • #140
  • Oct 2, 2008 4:06am Oct 2, 2008 4:06am
Hi Hard1 Head 1

Great trades, however I asked earlier on, to let me in on your trading methodology, because I like to learn from your trades you haven't replied.
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