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EURUSD

  • #38,241
  • Oct 8, 2008 9:29pm Oct 8, 2008 9:29pm
Quoting SpecialEd
OK, my young whiz, my opinion doesn't count for much, but I'm in agreement with you. Looks like a repeat of yesterday, where a lot of pips can be made on one long buy, supplemented by several rally sells. It wanna take you higher! If we're wrong, it's only money.
sure it does...all opinions count and i read all carefully...if i can understand them haha...the fact that jay walker agrees with a move up (for different reasons) amazes me and at the same time makes me feel better about my position. may the god of pips help us all counter traders
Different opinions highly valued, ignorant to slander.
  • #38,242
  • Oct 8, 2008 9:36pm Oct 8, 2008 9:36pm
Quoting psiholog
sure it does...all opinions count and i read all carefully...if i can understand them haha...the fact that jay walker agrees with a move up (for different reasons) amazes me and at the same time makes me feel better about my position. may the god of pips help us all counter traders
Don't make me blush.

On the daily chart, the pair has been oversold according to the slow stochastic indicator.

Also, if you're familiar with my method, you'll understand that I got stopped out (I use a S/L instead but not T/P) at a nice profit.

It's just the charts telling me to go long now which I have. It's not 100% accurate but then again, nothing is.
Not all sins are created equal
  • #38,243
  • Oct 8, 2008 9:42pm Oct 8, 2008 9:42pm
long at 3655

stop 3525
pt 3927

r:r 130:272
  • #38,244
  • Oct 8, 2008 9:55pm Oct 8, 2008 9:55pm
closed that long done and done. the reason why is because fibs told me to!
fibs from this weeks low to todays high combined with fibs from the high to the low on this last move down show overlapping resistance just around where we are now. considering the time of the day....i dont expect a breakout now and will look for a pull back to 38.2% or 23.6% (blue lines) for this last move down before going long again. if it does breakout soon...when 61.8% for this last move down is decisively broken i will go long again.

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Different opinions highly valued, ignorant to slander.
  • #38,245
  • Oct 8, 2008 9:58pm Oct 8, 2008 9:58pm
Quoting psiholog
closed that long done and done. the reason why is because fibs told me to!
fibs from this weeks low to todays high combined with fibs from the high to the low on this last move down show overlapping resistance just around where we are now. considering the time of the day....i dont expect a breakout now and will look for a pull back to 38.2% or 23.6% (blue lines) for this last move down before going long again. if it does breakout soon...when 61.8% for this last move down is decisively broken i will go long again.

Attachment
The whole difference between M15 and Daily charts.

I'm staying in for a while
Not all sins are created equal
  • #38,246
  • Oct 8, 2008 10:01pm Oct 8, 2008 10:01pm
Quoting Jay Walker
The whole difference between M15 and Daily charts.

I'm staying in for a while
I'm staying in on long also, but need to get back to 1.3630, if ever so briefly. I left my wallet hanging on a hedging, scalping 10-spot, and I forgot to set S/L. I still think it will get there before continuing up.
Up or down, gimme a ticket
  • #38,247
  • Oct 8, 2008 10:01pm Oct 8, 2008 10:01pm
Quoting Jay Walker
The whole difference between M15 and Daily charts.

I'm staying in for a while
cant argue with your strategy..as for me..im greedy i admit it i want every pip i can get
Different opinions highly valued, ignorant to slander.
  • #38,248
  • Oct 8, 2008 10:02pm Oct 8, 2008 10:02pm
Quoting psiholog
cant argue with your strategy..as for me..im greedy i admit it i want every pip i can get

going back to 3630 for the 10-spot.
Up or down, gimme a ticket
  • #38,249
  • Oct 8, 2008 10:07pm Oct 8, 2008 10:07pm
Quoting SpecialEd
going back to 3630 for the 10-spot.
i hope so...would mean an extra 50pips before breakout even occurs...better yet before london session...id be 2/3rds done for the day haha..my 150pip target for the day is looking good already

Edit:is it just me or is 666 acting as support currently?..scary
Different opinions highly valued, ignorant to slander.
  • #38,250
  • Oct 8, 2008 10:09pm Oct 8, 2008 10:09pm
Going to bed for 3-4 hours. We old farts need our rest.

Stand on it Psi (down to 3630).

Algirdas, I'll try to have that style guide ready for you by the NY open. Until then, don't tell 'em a thing!
Up or down, gimme a ticket
  • #38,251
  • Oct 8, 2008 10:12pm Oct 8, 2008 10:12pm
Quoting SpecialEd
Going to bed for 3-4 hours. We old farts need our rest.

Stand on it Psi (down to 3630).

Algirdas, I'll try to have that style guide ready for you by the NY open. Until then, don't tell 'em a thing!
will try to not impulsively reenter too soon...cya around
Different opinions highly valued, ignorant to slander.
  • #38,252
  • Oct 8, 2008 10:27pm Oct 8, 2008 10:27pm
to all thinking of entering long i still think a partial retracement is likely. other then the reason already mentioned (fibs)...the pair rose fastly which caused a steep uptrend line. if this is true bullish environment i feel the retracement is needed just to confirm it which in turn breaks that uptrend line. i believe others refer to this as elliot waves


then again it could just go up up and away now..

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Different opinions highly valued, ignorant to slander.
  • #38,253
  • Oct 8, 2008 10:36pm Oct 8, 2008 10:36pm
Up to 1.3938 and more
Never sell @ lower upward channel unless breacked and vise versa .
  • #38,254
  • Oct 8, 2008 10:46pm Oct 8, 2008 10:46pm
moment of truth, both eu and ej (1hr 60ema)at the figure at same time, uj at the xx.80 psych level and 1hr 50sma. tuff sledding thru that mess. added shorts with tight sl's... scalps unless it collapses from here, then I'd extend them down, but that would surprise me atm.

gy also at the 1hr 34sma. everything hit those levels at the same moment and stopped dead. gotta love it.
FUBAR...
  • #38,255
  • Oct 8, 2008 11:02pm Oct 8, 2008 11:02pm
1 and 4hr candles just closed... holding my breath and have seat belt on. fixing to see mad pips or get my sl's hit.
FUBAR...
  • #38,256
  • Oct 8, 2008 11:03pm Oct 8, 2008 11:03pm
I'm scalping the eur/jpy now, very good spreads and a lot of movement.
  • #38,257
  • Oct 8, 2008 11:04pm Oct 8, 2008 11:04pm
Quoting ak4x
1 and 4hr candles just closed... holding my breath and have seat belt on. fixing to see mad pips or get my sl's hit.
Hold On To Your F'ing Hat
Not all sins are created equal
  • #38,258
  • Oct 8, 2008 11:14pm Oct 8, 2008 11:14pm
Quoting Jay Walker
Hold On To Your F'ing Hat
no problem, they can't read my thoughts either.

no that's not me. every time I post this, i get pm's from all the girls. it's easier to just post a disclaimer up front.
Attached Image
FUBAR...
  • #38,259
  • Oct 8, 2008 11:19pm Oct 8, 2008 11:19pm
Quoting ak4x
no problem, they can't read my thoughts either.

no that's not me. every time I post this, i get pm's from all the girls. it's easier to just post a disclaimer up front.
Not all sins are created equal
  • #38,260
  • Oct 8, 2008 11:19pm Oct 8, 2008 11:19pm
not acting right. out 23 pips. Needs to close at or above 3700
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ellenwoods