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  • #38,361
  • Oct 9, 2008 7:46am Oct 9, 2008 7:46am
Quoting bitrader
target 1.3820
Where did you get 1.3820?
DM if you have any questions
  • #38,362
  • Oct 9, 2008 7:48am Oct 9, 2008 7:48am
Quoting traderathome
So, the only thing that REALLY matters is our knowledge that from day to day, traders in each session are going to manipulate the price to make some money....plain and simple.
FUBAR...
  • #38,363
  • Oct 9, 2008 7:51am Oct 9, 2008 7:51am
Quoting forexsystems
Today we can hit 1.3850.
You said that yesterday.

I was close to apologizing... but... this pair is headed south.
  • #38,364
  • Oct 9, 2008 7:52am Oct 9, 2008 7:52am
hello fellow traders


this is the first reply i am posting and let me tell u that u all are indirectly helping me a lot this thread is really good . plz keep it up .

lost 50 pips today. desperately in need of some advice . i am a novice to the fx trading i hope that u will help me out and help me to learn this art which i am litterally ignorant at the moment . thanx . and greetings and regards to all the seniors from me .
trying to learn and acquire knowledge
  • #38,365
  • Oct 9, 2008 7:53am Oct 9, 2008 7:53am
Quoting bitrader
target 1.3820
That is a nice no. but i don`t we`ll see it today
  • #38,366
  • Oct 9, 2008 7:56am Oct 9, 2008 7:56am
Quoting ak4x
true, as are mine. i'm still in some short and long term shorts however that have profit either scaled out already and locked in, in some cases from +1.40, some are still scalping shorts as well, so that may be where the confusion is.

I'm seeing nothing on the daily but a nice bear flag in formation... and I can wait. chart shows some R levels I'm looking at.

OK, now I'm totally going nuts!!! Don't know if I should be shorting at the top or buying now
I do see the bear flag, but i also see a Daily Sto that is turning...
  • #38,367
  • Oct 9, 2008 7:58am Oct 9, 2008 7:58am
Quoting jkrick33
Where did you get 1.3820?
askin that bitrader guy anything is useless. he's been posting those things all over the forum on several threads for awhile. check his past posts... all the same, only the numbers change. it's a boilerplate borderline spam thing. he's been on my ignore list since day 2. don't get too excited about it.
FUBAR...
  • #38,368
  • Oct 9, 2008 8:00am Oct 9, 2008 8:00am
i am planning of shorting at 1.3800-1.3820 for about 50 pips and if u see a sure long than plz advice me . cause for the last 3 days the market is a bit range bound but giving good trades both ways long and short both . and after posting a high it rushes backwards to shed those off but not completely it is a very slow upward trend building.

that is what i think.
trying to learn and acquire knowledge
  • #38,369
  • Oct 9, 2008 8:02am Oct 9, 2008 8:02am
Morning all...

Medium term, this pair is a screaming sell to me. I can't really see 1.39 breaking and I'm targeting roughly 1.28 via a measured move.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 15 KB
"Timing Is Everything. Really I Swear It Is"
  • #38,370
  • Oct 9, 2008 8:03am Oct 9, 2008 8:03am
Quoting psiholog
very close to break up. soon will be determined. glad you profited...so did i...made my 25pips on this last push up which made me reach my 150 daily goal and cut my losses from sunday in half. i am done for now (i even controlled myself not playing the potential break up...amazing!)..anyways

cya guys later
Sweet as. I did profit nicely and that's why I'm not trading today. I thought I'd take a break and be fresh for friday's session.
  • #38,371
  • Oct 9, 2008 8:08am Oct 9, 2008 8:08am
Quoting PipGal
OK, now I'm totally going nuts!!! Don't know if I should be shorting at the top or buying now
I do see the bear flag, but i also see a Daily Sto that is turning...
Didn't mean to shake you up... it's a daily chart that could easily go up a several hundred more pips. look at my chart. that's where I'm seeing Resistance, meaning price may actually get there under the right conditions. I probably won't trade it tho long term.

So i'm short for short periods of time only right now except for my long term trades that sometimes go negative for several days at a time. For instance i just took 40 pips from 3719 to 3679 in the last 20 minutes or so. I do that kind of thing all day long as do some others here. Sometimes 10 pips, sometimes 20 or more. I don't usually post those, as I'd be losing my focus posting, and miss the trade.

It's a pro trend trade as I see it, and therfore much safer, as I expect price will get back there soon enough even if it spikes up for some weird reason. I could easily take a long right now going the other way, and sometimes do when conditions warrant. These do not. Right now everything is gravy and I'm coasting and playing the BB's.

And remember, if you don't see a trade, don't hallucinate one.

add: M3 (3702) seems to be holding pretty well so far
FUBAR...
  • #38,372
  • Oct 9, 2008 8:14am Oct 9, 2008 8:14am
hey all, the other day i stated that we were experiencing a 13 day cosine wave, that topped out today....Given that i would like to see the bear come back out of hibernation run the bulls over a cliff... still flat on my end...about to see what is clever to make a few hundred pips today....anyone wanna ride this coaster today?
T.S.
  • #38,373
  • Oct 9, 2008 8:16am Oct 9, 2008 8:16am
Quoting T.s.
hey all, the other day i stated that we were experiencing a 13 day cosine wave, that topped out today....Given that i would like to see the bear come back out of hibernation run the bulls over a cliff... still flat on my end...about to see what is clever to make a few hundred pips today....anyone wanna ride this coaster today?
yeah, we all wanna that ride. tell us what to do and when
  • #38,374
  • Oct 9, 2008 8:23am Oct 9, 2008 8:23am
Quoting T.s.
about to see what is clever to make a few hundred pips today....anyone wanna ride this coaster today?
I'm short answers today myself... I'm waiting to see if the most recent bandaids work, or rather for how long they work..

If the perception is that all's well now on the planet, I'm looking to see when the yen start flowing back into different sectors, that should move GY, UJ, and EJ, which would then affect EU one way or the other. In other words, I think it's still a yen driven market, until it's not, and that would probably happen quick and big if those triggers get pulled, it'll be real obvious.

So I'm no joy today until something tips.
FUBAR...
  • #38,375
  • Oct 9, 2008 8:23am Oct 9, 2008 8:23am
Quoting psiholog
i said black line yet didnt even post chart....no wonder i messed up on entry because of impatience...im way too tired to be trading and its clouding my judgement...this will be my last post as i will go take a nap
my current position i will keep open...40pip stop loss take profit 1.3799...whatever happens happens

Good luck pippin all and careful on those bear moves....they happen FAST

Attachment
noooo...i just woke up and saw i gave over 100pips away...now that is lame ...

i am forced to reconsider my stance on trail stop...
Different opinions highly valued, ignorant to slander.
  • #38,376
  • Oct 9, 2008 8:27am Oct 9, 2008 8:27am
One last squeak outa me... that 15m H&S is close to the moment of truth here... on eu and ej. 138.75-90 is critical level for EJ. That's my focus for now. later.

Can't believe I'm saying this...
FUBAR...
  • #38,377
  • Oct 9, 2008 8:29am Oct 9, 2008 8:29am
John Rivera - DailyFX

The Euro bounced from support at 1.3600 rallying nearly 200 bps before finding resistance. The EURUS would reach as high as 1.3786 on the back of hawkish rhetoric from the ECB following the coordinated rate cut, demonstrating that the central bank is remaining stubborn regarding their price stability mandate. The statement from President Trichet following the 50 bps reduction showed that the central bank remains concerned with second round effects of inflation. The hawkish tone was reinforced by comments from ECB council member Likanen, following the MPC’s monthly report. Therefore, we may see further firming as the interest differential between the Euro-zone and the U.S. is expected to widen, before we see further weakness as the outlook for the economy dims as their policy responses are slow to come. Despite the comments Credit Suisse Overnight index swaps are still pricing in another 126 bps worth of rate cuts as markets believe that the region is entering a recession, which will ultimately force the central bank to ease further.

I've said this 100 times before... Trichet's ego has pushed the zone into a recession and if he's not careful... a depression.

"Policy responses are slow to come," a hallmark of the ECB.

The ECB and the zone can talk all the hawkish shit they want... they are in a ton of trouble.

The housing market in the UK is about to collapse. It's the most overpriced market on the planet.

I could spend all day posting zone issues but the simple point remains
the US has a transparency that the zone's does not.

Their geographically disperse and politically fragmented economies impede their ability to function effectively.
  • #38,378
  • Oct 9, 2008 8:30am Oct 9, 2008 8:30am
Quoting psiholog
noooo...i just woke up and saw i gave over 100pips away...now that is lame ...

i am forced to reconsider my stance on trail stop...
My observation of late is that in this volatile market, trailing stops are all too often violated, so I am not using them for now.
  • #38,379
  • Oct 9, 2008 8:43am Oct 9, 2008 8:43am
Quoting imzz
hello fellow traders


this is the first reply i am posting and let me tell u that u all are indirectly helping me a lot this thread is really good . plz keep it up .

lost 50 pips today. desperately in need of some advice . i am a novice to the fx trading i hope that u will help me out and help me to learn this art which i am litterally ignorant at the moment . thanx . and greetings and regards to all the seniors from me .
hello, I don't know how big your account is, but please use small position sizes in this market and scale into your trades. Start really really small and as you gain confidence add to that position but still keep the total to be no more than 1% of your account total. This will keep you in the game over the longer term and give you enough time to learn from your mistakes.
  • #38,380
  • Oct 9, 2008 8:48am Oct 9, 2008 8:48am
Here's a chart for that EJ move with my triggers. If this breaks , then I think you'd likely see similar action on EU.

Failure area for me is in the current zone a'rd 138.70-90ish at the most. Like I said moment of truth.

Failure means H&S is failed, and I would then expect price to continue higher for awhile. It might still drop later, but I'd looking for new reasons at that point, not old failed ones. Hope this is clear.

Line chart is what I use for these as it filters out the candle noise... got that tip from Trout.
Attached Image
FUBAR...
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