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EURUSD

  • #40,601
  • Oct 21, 2008 10:23pm Oct 21, 2008 10:23pm
Quoting Monk
was sitting here for awhile waiting for 3000 to break so i could pull the trigger.....got up to go take a piss and missed it!!!!

how often does that happen.....

got in at 2970 and not to happy. stop at 3003

oh well.

GY treating me well today.
Use the Entry Order option to set it up automatically.
  • #40,602
  • Oct 21, 2008 10:23pm Oct 21, 2008 10:23pm
Quoting Monk
got up to go take a piss and missed it!!!!

how often does that happen.....
You should consult your medic.
  • #40,603
  • Oct 21, 2008 10:27pm Oct 21, 2008 10:27pm
Quoting TradeWell
Use the Entry Order option to set it up automatically.
you know....i've never really learned how to do that on my software.....i use VT Trader....and any time you want to set any sort of SELL / BUY that would get triggered it never seems to work right for me.

Maybe a demo account and some testing is in need.
--post hoc ergo propter hoc--
  • #40,604
  • Oct 21, 2008 10:29pm Oct 21, 2008 10:29pm
Trying to find the right fibs on short notice is harder than it sounds.. I 'm reaching back to find retrace or support fibs from the climb up, as the drop down had been so brutal it throws the swing fibs off, as there just hasn't hardly been any on a longer TF... And nothing is worse than a faulty fib.

So far, here's what I've found to help orient us... The fib levels are on the chart, but the yellow 79% current support level is near to busted already ... In conjunction witht he more recent resistance or +extension fibs, it helps to keep you right side up. I'll try to update this asap.

Nothin else to do right now but watch the pips roll in. 6 open shorts already scaled down to at least 50 or 60% of original order size, so even a wicked retrace across the board wouldn't hurt. And I'm not seeing buyers anywhere...
Attached Image (click to enlarge)
Click to Enlarge Name: eu weekly long term extension.png Size: 50 KB
FUBAR...
  • #40,605
  • Oct 21, 2008 10:30pm Oct 21, 2008 10:30pm
down we go..
  • #40,606
  • Oct 21, 2008 10:31pm Oct 21, 2008 10:31pm
My chart shows downtrend is very steep and looks very very bearish at this moment.
  • #40,607
  • Oct 21, 2008 10:32pm Oct 21, 2008 10:32pm
Going down real hard
  • #40,608
  • Oct 21, 2008 10:32pm Oct 21, 2008 10:32pm
Quoting Monk
you know....i've never really learned how to do that on my software.....i use VT Trader....and any time you want to set any sort of SELL / BUY that would get triggered it never seems to work right for me.

Maybe a demo account and some testing is in need.
I don't know your software but you basically put in a order to buy at $XXX price then it buys the currency at that price (or close to that price). You don't have to be there to "pull the trigger". I was playing disc golf on my land while my program was selling short from 1.3050 earlier today.
  • #40,609
  • Oct 21, 2008 10:33pm Oct 21, 2008 10:33pm
now that i missed as well......but in a good way.....

was reading some email....switched back and saw a nice red drop.....god I LOVE THAT SITE

stop moved to b/e
--post hoc ergo propter hoc--
  • #40,610
  • Oct 21, 2008 10:34pm Oct 21, 2008 10:34pm
M1 = 2902
S2 = 2849
S3 = 2649
FUBAR...
  • #40,611
  • Oct 21, 2008 10:35pm Oct 21, 2008 10:35pm
Short-term:
I will short more if price goes to 1.2950.
  • #40,612
  • Oct 21, 2008 10:35pm Oct 21, 2008 10:35pm
Quoting ak4x
Cobra, stare into the center of this box and repeat slowly 10 times.... I will be short euro, I will be short euro...
It worked now, got 30 pips on that last move, thanks.
Time to get some zzzzzzzz
  • #40,613
  • Oct 21, 2008 10:36pm Oct 21, 2008 10:36pm
i still short op:13248, not reach my TP yet, holding until 12866.. trailing stop 70 pips..

anyone have another suggestion?
  • #40,614
  • Oct 21, 2008 10:37pm Oct 21, 2008 10:37pm
Quoting ak4x
Cobra, stare into the center of this box and repeat slowly 10 times.... I will be short euro, I will be short euro...

If it works, let me know and I'll send you my paypal account number for a donation...
BEST... POST... EVER...
  • #40,615
  • Oct 21, 2008 10:37pm Oct 21, 2008 10:37pm
Quoting TradeWell
I don't know your software but you basically put in a order to buy at $XXX price then it buys the currency at that price (or close to that price). You don't have to be there to \"pull the trigger\". I was playing disc golf on my land while my program was selling short from 1.3050 earlier today.
yes i have something close to that in my software.....but it never works out right.....and the few times i've used it....my price gets "touched" and then there is a reverse and away we go in the other direction......

then i come back to the computer and find i've lost 100 pips and didn't even have the moment to sit and sweat it out like any other bad trade!!!

i'll give it a go and see if i can finally make sense of it though.
--post hoc ergo propter hoc--
  • #40,616
  • Oct 21, 2008 10:42pm Oct 21, 2008 10:42pm
Quoting Monk
yes i have something close to that in my software.....but it never works out right.....and the few times i've used it....my price gets \"touched\" and then there is a reverse and away we go in the other direction......

then i come back to the computer and find i've lost 100 pips and didn't even have the moment to sit and sweat it out like any other bad trade!!!

i'll give it a go and see if i can finally make sense of it though.
You may be a victim of the spread. Your computer may show bid price when you really purchase at the ask price. Price can appear to touch orders, stops or limits without triggering them.
  • #40,617
  • Oct 21, 2008 10:42pm Oct 21, 2008 10:42pm
Only possible support areas I see presently are:

1.2775-1.2710 zone (3 different fibs) and then 1.2160
  • #40,618
  • Oct 21, 2008 10:43pm Oct 21, 2008 10:43pm
Quoting SunTrader
Only possible support areas I see presently are:

1.2775-1.2710 zone (3 different fibs) and then 1.2160
1.2880 weekly low Jan 7
  • #40,619
  • Oct 21, 2008 10:44pm Oct 21, 2008 10:44pm
EJ busted thru a significant weekly support from 04, and is 120 (oops) or so pips from the weekly -179% retrace. Check out the EJ tank chart I posted this morning for the levels on that one. This could start slowing down here as GY is also at a significant SL...

I need to go find some more fibs...

EJ chart link
http://www.forexfactory.com/showpost...ostcount=40412
FUBAR...
  • #40,620
  • Oct 21, 2008 10:47pm Oct 21, 2008 10:47pm
http://i33.tinypic.com/15nqdtf.jpg

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