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EURUSD

  • #42,881
  • Oct 31, 2008 10:10pm Oct 31, 2008 10:10pm
Quoting TradeWell
Happy Halloween!
happy halloween
to you to
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #42,882
  • Nov 1, 2008 1:54am Nov 1, 2008 1:54am
Happy Halloween!
Not all sins are created equal
  • #42,883
  • Nov 1, 2008 9:29am Nov 1, 2008 9:29am
If your smart, you will quit by 9 AM Friday. WHY? I will tell you why. The big boys are pulling out and getting ready for the weekend and that leaves us idiots in here to manipulate the market. The result: 1 candle up and 1 candle down. I have on several occasions lost profits made early in the week on Friday morning. The key, use Friday to set up your trade for Sunday night and wait for the breakout, Example: see below and look for a break to the downside.

Jim


Quoting tulient
Damn, this friday was a huge letdown
I was waiting for something to happen but it never did

It really sucked
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  • #42,884
  • Nov 1, 2008 9:30am Nov 1, 2008 9:30am
Quoting Jay Walker
Happy Halloween!
  • #42,885
  • Nov 1, 2008 11:29am Nov 1, 2008 11:29am
Quoting Jay Walker
Happy Halloween!
Happy Halloween to all - whether "dead" or "alive" on EUR/USD. Analyzing "crosses" over the weekend to determine if my deads stand any chance of reincarnation.

Someone Called Chicky

(I like this new title from our forum friends and want to patent it)
The Thief of Wall Street
  • #42,886
  • Nov 1, 2008 12:32pm Nov 1, 2008 12:32pm
Quoting hard1head1
If your smart, you will quit by 9 AM Friday. WHY? I will tell you why. The big boys are pulling out and getting ready for the weekend and that leaves us idiots in here to manipulate the market. The result: 1 candle up and 1 candle down. I have on several occasions lost profits made early in the week on Friday morning. The key, use Friday to set up your trade for Sunday night and wait for the breakout, Example: see below and look for a break to the downside.

Jim
Very well said Jim. I got caught into this too many time and had gains wiped out. Don't ever forget to pay yourself
Not all sins are created equal
  • #42,887
  • Nov 1, 2008 1:00pm Nov 1, 2008 1:00pm
Instead of rewriting this post as it applies to both pairs, E/J and E/U, see post 279 in the above thread. I have a direction charted for Sunday and will wait for Gap.

http://www.forexfactory.com/showthre...39#post2319739
  • #42,888
  • Nov 1, 2008 1:06pm Nov 1, 2008 1:06pm
Quoting Chicky
Analyzing \"crosses\" over the weekend to determine if my deads stand any chance of reincarnation.

Someone Called Chicky

(I like this new title from our forum friends and want to patent it)
Anything's possible these days... I'd hang in there for a bit.

I'm a lousy two finger peck and hope keyboard kind of person, can i use SCC for short?
FUBAR...
  • #42,889
  • Nov 1, 2008 1:29pm Nov 1, 2008 1:29pm
Quoting ak4x
Anything's possible these days... I'd hang in there for a bit.

I'm a lousy two finger peck and hope keyboard kind of person, can i use SCC for short?
You are right - anything is possible these days. SCC would look like an acroname for some securities corporation or a regulatory authority, but I am fine with that.

SCC
Someone Called Chicky
The Thief of Wall Street
  • #42,890
  • Nov 1, 2008 1:51pm Nov 1, 2008 1:51pm
Does anyone else see bullish engulfing on the 4 hr chart=\
  • #42,891
  • Edited 2:16pm Nov 1, 2008 2:03pm | Edited 2:16pm
Quoting hard1head1
If your smart, you will quit by 9 AM Friday. WHY? I will tell you why. ...use Friday to set up your trade for Sunday night and wait for the breakout, Example: see below and look for a break to the downside.

Jim
Jim - When you say set-up the trade, do you mean open positions and wait for Sunday market open or plan for Sunday without opening new positions? By Opening New Positon, I also mean resetting your SL/TP of carries.

One more thing - I generally see fluctuations between 4:00 pm to 5:00 pm ET Sunday, however, my broker's platform is closed for trading during this one hour. Are these fluctuations because brokers are in the process of setting spreads/rolls or a break-out is possible during this period? If a break-out during Sunday 4:00 and 5:00 ET, how come? trading is yet to open!

Someone Called Chicky
The Thief of Wall Street
  • #42,892
  • Nov 1, 2008 2:05pm Nov 1, 2008 2:05pm
Quoting Jay Walker
Very well said Jim. I got caught into this too many time and had gains wiped out. Don't ever forget to pay yourself
yep me too... Fridays are hectic
fry days
When life gives you lemons, make lemonade
  • #42,893
  • Nov 1, 2008 2:33pm Nov 1, 2008 2:33pm
Quoting Code4Capital
Does anyone else see bullish engulfing on the 4 hr chart=\
More importantly I see Friday's close @ 1.2729 which is 567 pips below the high from just the day before it (Thursday). Talk about a reversal of fortune.
  • #42,894
  • Nov 1, 2008 3:12pm Nov 1, 2008 3:12pm
NO!



Quoting Code4Capital
Does anyone else see bullish engulfing on the 4 hr chart=\
  • #42,895
  • Nov 1, 2008 3:24pm Nov 1, 2008 3:24pm
All I am saying, Chicky, is to get an overall view of the pair and it's previous moves. I have a perfect example. If we get a gap up say 1-200 pips against the trend, I will be drooling over a nice short. Both these pairs, E/J and E/U have bounced nicely off the 38 % Fib level and are positioned to resume the downtrend. Just because I say positioned don't mean we jump right in because anything can happen over the weekend. As we stand here I am looking at maybe 400 pips to the downside. If we get a gap up we could be looking at the type of trade that you could take and then quit for the rest of the week and thats 400 + the gap up. One thing to keep in mind about these gap trades is sometimes they take awhile. Always make sure the price makes an aggressive move back down, you will sacrifice some pips, but it will be worth it. Also, here is a good bit of reading if you haven't been there. I, as always, recommend reading this website complete before even trying to trade forex.

WWW.babypips.com


Jim

Quoting Chicky
Jim - When you say set-up the trade, do you mean open positions and wait for Sunday market open or plan for Sunday without opening new positions? By Opening New Positon, I also mean resetting your SL/TP of carries.

One more thing - I generally see fluctuations between 4:00 pm to 5:00 pm ET Sunday, however, my broker's platform is closed for trading during this one hour. Are these fluctuations because brokers are in the process of setting spreads/rolls or a break-out is possible during this period? If a break-out during Sunday 4:00 and 5:00 ET, how come? trading is yet to open!

Someone Called Chicky
  • #42,896
  • Nov 1, 2008 3:30pm Nov 1, 2008 3:30pm
Always possible, I never take anything for granted, however, I am thinking that if this is a bottom, we could see it go down to form a classic Double Bottom on the Daily and/or 4 Hr. And besides, an aggressive move will tell us one way or another. Keep this in mind, the Euro is driving this trade right now because if you look at E/J & E/U they are both heading down.

P.S. I really can't understand how anyone can trade E/U without working with E/J

Quoting SunTrader
More importantly I see Friday's close @ 1.2729 which is 567 pips below the high from just the day before it (Thursday). Talk about a reversal of fortune.
  • #42,897
  • Nov 1, 2008 3:39pm Nov 1, 2008 3:39pm
Quoting hard1head1
Always possible, I never take anything for granted, however, I am thinking that if this is a bottom, we could see it go down to form a classic Double Bottom on the Daily and/or 4 Hr. And besides, an aggressive move will tell us one way or another. Keep this in mind, the Euro is driving this trade right now because if you look at E/J & E/U they are both heading down.

P.S. I really can't understand how anyone can trade E/U without working with E/J
I know. I never post remarks related to the other Euro pairs but I watch all that I can get data on:
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  • #42,898
  • Edited 7:11pm Nov 1, 2008 5:07pm | Edited 7:11pm
Hey Suntrader - I see you use Tradestation. I used to be with them (in fact I started with them back when they were Omega Trader). Anyway, I stopped using them about a year ago when they did something I thought was highly unprofessional. Being the hot-headed type I am, I threw a hissy fit and cancelled my subscription. How have they been lately? Are you pleased with them? And, second question, do you use their brokerage? If so, how are the spreads and fills? Sorry to bug you with all these questions. Just curious how things have changed.

Thanks, and kind regards...
  • #42,899
  • Edited 9:14pm Nov 1, 2008 9:03pm | Edited 9:14pm
Here's how I am looking at this pair...

currently @ 1.2750 or so.

Short & accumulate Below ~ 1.2805 {It may get as strong as 1.2860}
Hold Shorts to ~ 1.2650.

Re-Evaluate as (at that point) we may be breaking a HS Neck and heading Hard South.
  • #42,900
  • Nov 1, 2008 10:25pm Nov 1, 2008 10:25pm
Quoting Turhovach
Hey Suntrader - I see you use Tradestation. I used to be with them (in fact I started with them back when they were Omega Trader). Anyway, I stopped using them about a year ago when they did something I thought was highly unprofessional. Being the hot-headed type I am, I threw a hissy fit and cancelled my subscription. How have they been lately? Are you pleased with them? And, second question, do you use their brokerage? If so, how are the spreads and fills? Sorry to bug you with all these questions. Just curious how things have changed.

Thanks, and kind regards...
I have been using them since back in the Omega days too - version 3.5, now latest version is 8.4 which has trade simulator for back testing.

And no I do not trade through them and probably never will. Never liked the idea of all eggs in one basket.
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