Trade is disabled?
WTF?
I'm trying to close my trade and it won't let me
WTF?
I'm trying to close my trade and it won't let me
These 2 pairs 99% of the time are identical in the opposite direction. I have used them to confirm eachother.
Just food for thought.
J
I have been trading that pair for the past week, using a system I created I was able to get in at the very top of that downfall.
Its fallen over 900 pips at this point so it is in desperate need of a correction, but this pair could fall even harder before it starts its climb back up.
We may have reached a bottom, Im unsure, I would not trade it for a while until you know which direction it is headed, it moves quickly, and could cause you to lose alot of money, so be patient.
I don't trade yen pairs because of their whippy nature, but I did hear a "rumor" on bloomberg that the BOJ could be buying up dollars at support points to strengthen yen. Have a little feeling that the G7 meeting did discuss yen weakness and a deal was made to strenghten counter currencies such as GBP and USD (and kept quiet w/just a little warning about one-way trades should be reconsidered). Just a thought to keep in mind, along with China re-evaluation on the cards.
Know we are trading technically, and fundamentals should only be part of our pre-flight check list. Totally agree that we should wait for direction before placing trades. Who cares if we leave a few pips on the table? It sure is better than losing those hard earned rewards!!! (just my opinion)
- #1,693
- Mar 2, 2007 9:31pm Mar 2, 2007 9:31pm
Pips... Why didn't you say this last nigh!?!?!?!? I got slaughtered on the deal. Admitedly I made it at 4:00 am my time while feeding my daughter... so not much concentration... but I really got taken on that one. On another note, I haven't had much of a chance to post this week, but I need to get back to it. I had 400+ pips on Wednesday for the week, lost my way and now only have about 75 pips for the week 
. I was trying to trade at work, and also got distracted and didn't do my due diligence.... Its' soooo easy to lose concentration (and get too comfortable when confident in a great system).
Lastly... did anyone notice how "close" the gbp/usd is to the highs dating back to around 1993 on the weekly?????? Just an observation.. I'm redoing my charts and setups (time to regroup again), and saw it. In anycase... everyone have a good weekend, I'll be studying.....
. I was trying to trade at work, and also got distracted and didn't do my due diligence.... Its' soooo easy to lose concentration (and get too comfortable when confident in a great system). Lastly... did anyone notice how "close" the gbp/usd is to the highs dating back to around 1993 on the weekly?????? Just an observation.. I'm redoing my charts and setups (time to regroup again), and saw it. In anycase... everyone have a good weekend, I'll be studying.....
Hi Guys,
this is in response to the cad short (should have posted before my "nap" that turned into a full day (egads!)
For the last 3 days, CAD has been giving the same false signal to short with the RT that turns back into continuation. Saw it forming earlier and thought it was up to its 3 day trick (started on feb 28). Be careful taking a round top right now...look for trend continuation on 1 hour first and make sure you are near a strong resistance. just my 2 cents worth.
DireXiv
Make it happen, no one
else is going to do it for you...
Pips... Why didn't you say this last nigh!?!?!?!? I got slaughtered on the deal. Admitedly I made it at 4:00 am my time while feeding my daughter... so not much concentration... but I really got taken on that one. On another note, I haven't had much of a chance to post this week, but I need to get back to it. I had 400+ pips on Wednesday for the week, lost my way and now only have about 75 pips for the week
Lastly... did anyone notice how "close" the gbp/usd is to the highs dating back to around 1993 on the weekly?????? Just an observation.. I'm redoing my charts and setups (time to regroup again), and saw it. In anycase... everyone have a good weekend, I'll be studying.....
How do you trade and take care of a little girl? My goodness, you are a superhero!
Need to get my plans together too for the coming week. Pound is at a critical support point. Hope system gives long signal and we can target the 89 (I've been waiting for this for a week and a half! but must be careful not to be "married" to that plan).
Have a great weekend! (and 75 pips for the week is really really good!)
- #1,696
- Mar 3, 2007 7:35am Mar 3, 2007 7:35am
- | Commercial User | Joined Jul 2006 | 2,566 Posts
Pips,
I am new to this being a trader for only about 1 year, however, here are my thought on why the EUR/USD will follow. The pair have just breaced a trendine (A) that has been tested 4 times (Rectangles) since the 12th of this month. It is now re-testing the back side of it. It is also retesting the top of a downward channel (X). Now all we need is Phils system to give us an entry and we got a shot at 1.3144 which is right above the 89 SMA (B) and possibly trade the channel (2nd Chart) to the next trend line (C) just below it. I believe we will see a move to zero and back down on MACD (arrow). Any comments or help on this would be appreciated.
If you think I am wrong, please don't be afraid to say so as we can only learn from our mistakes
J
I am new to this being a trader for only about 1 year, however, here are my thought on why the EUR/USD will follow. The pair have just breaced a trendine (A) that has been tested 4 times (Rectangles) since the 12th of this month. It is now re-testing the back side of it. It is also retesting the top of a downward channel (X). Now all we need is Phils system to give us an entry and we got a shot at 1.3144 which is right above the 89 SMA (B) and possibly trade the channel (2nd Chart) to the next trend line (C) just below it. I believe we will see a move to zero and back down on MACD (arrow). Any comments or help on this would be appreciated.
If you think I am wrong, please don't be afraid to say so as we can only learn from our mistakes
J
- #1,697
- Edited 8:35am Mar 3, 2007 7:45am | Edited 8:35am
Hey hard1head1,
That is exactly what I have on my chart.... My notes are:
-Tail in upward direction, with last candle being inverted hammer (on my broker's chart)
-Above the 89 and previously blew through the 21ema on pullback, which means it was going to retest the 21 ema (where it currently is) and continue in the downward direction
-When it blew through the 21 ema, it also pierced the lower trend line, and it is now acting as resistance and sitting right below the trend line at the 21 ema
-So, I'm looking for a turndown, i.e a zero bounce with the MACD in it's current position
-I'll be watching the 30 min for the best entry.
-The 89 is about 50 pips below right now, and a previous trend line I have conincides right where the 89 is, so that is where I think it's going which is also the 1.350 level.
Can I short this now?!?!!? haha... have to wait till Sunday.... So obviously I like your your analysis Hard1head1
Pips - I"m not a super hero.... just a super father.... my little girl likes to sit with me and trade.... 2 months old and is giving me advice... haha... (In all actuality I'll admit, she probably just likes the colors )
Edit: gbp - I'll only look for a trend continuation after pullback scenario.... as it has past 2 lower t/l's and I think will pull back to the closest upper one and continue down. I say this because I got burned on the usd/jpy when it did this..... What does anyone else think?
Edit#2: eur/$ - forgot to mention that we have a confirmed 1-2-3 candle pattern here also. Based solely on this we will see a downtrend with a target at about: 1.3150 also?
That is exactly what I have on my chart.... My notes are:
-Tail in upward direction, with last candle being inverted hammer (on my broker's chart)
-Above the 89 and previously blew through the 21ema on pullback, which means it was going to retest the 21 ema (where it currently is) and continue in the downward direction
-When it blew through the 21 ema, it also pierced the lower trend line, and it is now acting as resistance and sitting right below the trend line at the 21 ema
-So, I'm looking for a turndown, i.e a zero bounce with the MACD in it's current position
-I'll be watching the 30 min for the best entry.
-The 89 is about 50 pips below right now, and a previous trend line I have conincides right where the 89 is, so that is where I think it's going which is also the 1.350 level.
Can I short this now?!?!!? haha... have to wait till Sunday.... So obviously I like your your analysis Hard1head1
Pips - I"m not a super hero.... just a super father
.... my little girl likes to sit with me and trade.... 2 months old and is giving me advice... haha... (In all actuality I'll admit, she probably just likes the colors )Edit: gbp - I'll only look for a trend continuation after pullback scenario.... as it has past 2 lower t/l's and I think will pull back to the closest upper one and continue down. I say this because I got burned on the usd/jpy when it did this..... What does anyone else think?
Edit#2: eur/$ - forgot to mention that we have a confirmed 1-2-3 candle pattern here also. Based solely on this we will see a downtrend with a target at about: 1.3150 also?
Pips,
I am new to this being a trader for only about 1 year, however, here are my thought on why the EUR/USD will follow. The pair have just breaced a trendine (A) that has been tested 4 times (Rectangles) since the 12th of this month. It is now re-testing the back side of it. It is also retesting the top of a downward channel (X). Now all we need is Phils system to give us an entry and we got a shot at 1.3144 which is right above the 89 SMA (B) and possibly trade the channel (2nd Chart) to the next trend line (C) just below it. I believe we will see a move to zero and back down on MACD (arrow). Any comments or help on this would be appreciated.
If you think I am wrong, please don't be afraid to say so as we can only learn from our mistakes
J
DireXiv
Make it happen, no one
else is going to do it for you...
- #1,699
- Mar 3, 2007 9:15am Mar 3, 2007 9:15am
- Joined Jan 2007 | Status: Feed The Piggy With Pips! | 1,733 Posts
