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  • #37,661
  • Oct 7, 2008 4:50pm Oct 7, 2008 4:50pm
Quoting PipGal
I'm viewing it as a retracement....trend is down...I exited my shorts tho
let me know when you enter that pair again
getting out now... i like 100 pips...
T.S.
  • #37,662
  • Oct 7, 2008 4:51pm Oct 7, 2008 4:51pm
Quoting T.s.
now 100 pips on that AU
1h stoci has it looking like it just getting started I think it's time for the dollar to pay the piper. Long EURUSD too.

perhaps all the dollar strength are int'l fund loading up in preparation for the next equity run???
  • #37,663
  • Oct 7, 2008 4:54pm Oct 7, 2008 4:54pm
Quoting TIckerShuffl
1h stoci has it looking like it just getting started I think it's time for the dollar to pay the piper. Long EURUSD too.

perhaps all the dollar strength are int'l fund loading up in preparation for the next equity run???

Really! short dollar huh??? Where you see euro going then if you are long??? Sorry new in here...
T.S.
  • #37,664
  • Oct 7, 2008 4:54pm Oct 7, 2008 4:54pm
but not sure it will hold...
  • #37,665
  • Oct 7, 2008 4:54pm Oct 7, 2008 4:54pm
Quoting TIckerShuffl
1h stoci has it looking like it just getting started I think it's time for the dollar to pay the piper. Long EURUSD too.

perhaps all the dollar strength are int'l fund loading up in preparation for the next equity run???
This makes sense. Thanks! I am long EU, but not AU. There is news coming out for AU tonight that could damage the stoch,
  • #37,666
  • Oct 7, 2008 4:57pm Oct 7, 2008 4:57pm
Quoting TIckerShuffl
1h stoci has it looking like it just getting started I think it's time for the dollar to pay the piper. Long EURUSD too.

perhaps all the dollar strength are int'l fund loading up in preparation for the next equity run???
i exited my trade...tp was 1.3636....too scared to let it run longer as bias is still very much bearish and there is strong resistance every ten pips or so...good luck sir!
Different opinions highly valued, ignorant to slander.
  • #37,667
  • Oct 7, 2008 4:57pm Oct 7, 2008 4:57pm
Quoting T.s.
Really! short dollar huh??? Where you see euro going then if you are long??? Sorry new in here...
1.40 looks like it's in striking distance
  • #37,668
  • Oct 7, 2008 4:58pm Oct 7, 2008 4:58pm
Quoting PipGal
This makes sense. Thanks! I am long EU, but not AU. There is news coming out for AU tonight that could damage the stoch,
What news are you hearing on the AUD ?
  • #37,669
  • Oct 7, 2008 5:00pm Oct 7, 2008 5:00pm
Quoting psiholog
i exited my trade...tp was 1.3636....too scared to let it run longer as bias is still very much bearish and there is strong resistance every ten pips or so...good luck sir!
I am going to try and wait at least a week. sentiment couldn't be worse right now, so a turn around could bode well. a move over 1.3671 would be bullish in a big way, if you believe in technicals. 20SMA on 4H
  • #37,670
  • Oct 7, 2008 5:01pm Oct 7, 2008 5:01pm
Quoting lasty
What news are you hearing on the AUD ?
7:30pmAUD
Westpac Consumer Sentiment

8:30pmAUD
Home Loans m/m
  • #37,671
  • Oct 7, 2008 5:04pm Oct 7, 2008 5:04pm
Quoting TIckerShuffl
I am going to try and wait at least a week. sentiment couldn't be worse right now, so a turn around could bode well. a move over 1.3671 would be bullish in a big way, if you believe in technicals. 20SMA on 4H
good luck with that..personally im more of a get in get out kind of guy but trying to ride trends. right now i dont see a trend yet i do see this...any bull rally is squashed by massive bear moves...check this 1minute chart of the last 5-10minutes....how can anyone trade that =/

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Different opinions highly valued, ignorant to slander.
  • #37,672
  • Oct 7, 2008 5:05pm Oct 7, 2008 5:05pm
Quoting TIckerShuffl
I am going to try and wait at least a week. sentiment couldn't be worse right now, so a turn around could bode well. a move over 1.3671 would be bullish in a big way, if you believe in technicals. 20SMA on 4H
okay so you are looking at a much longer term than most in this thread trade, that is fine...I think over the next week of so that is a good trade, we shall see. Just seems like a risk i do not wanna take.

Good luck
T.S.
  • #37,673
  • Edited 5:09pm Oct 7, 2008 5:08pm | Edited 5:09pm
Quoting PipGal
7:30pm AUD
Westpac Consumer Sentiment

8:30pm AUD
Home Loans m/m
Ok.
I thought it was some serious stuff lol.

Consumer sentiment should be down before yesterdays rate cut, so may neutralise the number.
Home loans I think a similar thought.

Market thin and choppy.Traders edgy and small parcels exaggerating movements as no one willing to hold sizeable positions.
  • #37,674
  • Oct 7, 2008 5:08pm Oct 7, 2008 5:08pm
the trend is down, stop saying after few months it will go to bla bla and that its bullish, you are confusing everyone in here
When life gives you lemons, make lemonade
  • #37,675
  • Oct 7, 2008 5:12pm Oct 7, 2008 5:12pm
Quoting micho
the trend is down, stop saying after few months it will go to bla bla and that its bullish, you are confusing everyone in here
no need for insults. if you follow this forum you will notice ALL of us speculate what will happen...sure trend is down...but that does not speak about tommorow and as things have developed lately...it can turn around at any time just like we went down so much

since i said that...a break of 1.3882=bull territory..until then bias for the longer term is bearish but given the particular moment in time there can be bullish sentiment or bearish sentiment...right now...its as neutral as neutral gets
Different opinions highly valued, ignorant to slander.
  • #37,676
  • Oct 7, 2008 5:14pm Oct 7, 2008 5:14pm
Quoting micho
the trend is down, stop saying after few months it will go to bla bla and that its bullish, you are confusing everyone in here

Just trade your numbers, everyone trades different durations and has different risk tollerence, onlyone that can confuse you is you... Just my opinion. If anyone trades based on others analysis they take that risk....If you are trading based on what you see here you are lagging anyway because any good treader would place their trade then post in here and the move could be over before you can take advantage of it...
T.S.
  • #37,677
  • Oct 7, 2008 5:25pm Oct 7, 2008 5:25pm
Quoting TIckerShuffl
let us see.
I get bored switching from TF to another with this crazy market SO
My daily system say LONG eur/usd and gpb/jpy
So let us see
[email protected] eur/usd
[email protected] gbp/jpy
  • #37,678
  • Oct 7, 2008 5:28pm Oct 7, 2008 5:28pm
4 hour chart is finally showing a nice channel with two parallel lines and an up trend correction within the channel. 1.3667 could come into play on the upper channel trendline, which is also pretty much on the R1 pivot, which has held on the last two 4HR candles. Would make for a nice short entry if that trendline and pivot hold.
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  • #37,679
  • Oct 7, 2008 5:31pm Oct 7, 2008 5:31pm
I am actually very confused on where people find these pivots. Some people use ActionForex, some people use Acumen's system, which is correct?

And I have a pivot on my MT4 platform..
  • #37,680
  • Oct 7, 2008 5:37pm Oct 7, 2008 5:37pm
Quoting PipGal
I am actually very confused on where people find these pivots. Some people use ActionForex, some people use Acumen's system, which is correct?
It based on a pretty set formula, although there may be some alternative versions I'm sure.

Resistance Level 3 = R3 = R2 + YestHigh - YestLow
Resistance Level 2 = R2 = PP + YestHigh - YestLow
Resistance Level 1 = R1 = PP * 2 - YestLow
PivotPoint = PP = ( YestHigh + YestLow + YestClose ) / 3
Support Level 1 = S1 = PP * 2 - YestHigh
Support Level 2 = S2 = PP - YestHigh + YestLow
Support Level 3 = S3 = S2 - YestHigh + YestLow

I'm using a built-in indicator in Tradestation called "Floor Trader Pivots" You can do a Google search on "trade pivots" and find many resources.

http://www.investopedia.com/articles.../04/041404.asp
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