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  • #6,741
  • Dec 9, 2008 10:46am Dec 9, 2008 10:46am
Thanks TS - will keep a close eye out for that. Thinking it through though, would you change the levels for each session? Because presumably the OHLC for a European is going to look different from US?

GW here's a chart or two with the open from the Euro. These are all harry hindsight trades, but from looking back, so long as price moves away from midnight open (red line) for a few hours, when it comes back to test it, you often get a reaction...
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  • #6,742
  • Dec 9, 2008 10:48am Dec 9, 2008 10:48am
Quoting triphop
Thanks TS - will keep a close eye out for that. Thinking it through though, would you change the levels for each session? Because presumably the OHLC for a European is going to look different from US?

GW here's a chart or two with the open from the Euro. These are all harry hindsight trades, but from looking back, so long as price moves away from midnight open (red line) for a few hours, when it comes back to test it, you often get a reaction...
I follow market time triphop, which is GMT.
  • #6,743
  • Dec 9, 2008 10:52am Dec 9, 2008 10:52am
Quoting TrendSetter
I took a 20 pip profit and locked my other entry stop in at +1 pip. I am hoping for the market to probably make a better run up creating a nice divergence. It might be late to jump on now, but watch it. An entry might just make itself available soon (I hope so).
I have a sell limit on EU 1.2965 with 40 SL.
Comments appreciated.
  • #6,744
  • Dec 9, 2008 10:55am Dec 9, 2008 10:55am
Quoting ady27
I have a sell limit on EU 1.2965 with 40 SL.
Comments appreciated.
nice . quite a large stop. I am watching it and enter when I feel it best.
But that level is the one
  • #6,745
  • Dec 9, 2008 10:57am Dec 9, 2008 10:57am
Quoting TrendSetter
nice . quite a large stop. I am watching it and enter when I feel it best.
But that level is the one
The stop is lesson worth a lot of pips for me.
  • #6,746
  • Dec 9, 2008 10:59am Dec 9, 2008 10:59am
I think that is a good play. 1.2960 is where I'd enter, it's the TL on the 4H intersection.

Can't access my broker... really frustrating.
  • #6,747
  • Dec 9, 2008 11:05am Dec 9, 2008 11:05am
I also believe 1.2960 (12966) is a good short...however given the choppiness I'm seeing it may also mark a break to 1.3100...so I'm going to wait and see what happens being ready to get at a slightly lower level...my stoplosses are 50 pips...on average.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #6,748
  • Dec 9, 2008 11:18am Dec 9, 2008 11:18am
It broke the trendline and the recent resistance levels... could take off upwards
  • #6,749
  • Dec 9, 2008 11:20am Dec 9, 2008 11:20am
next stop 1.3100?...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #6,750
  • Edited 12:07pm Dec 9, 2008 11:20am | Edited 12:07pm
waiting for my entry. Looking like the 1.3010
  • #6,751
  • Dec 9, 2008 11:24am Dec 9, 2008 11:24am
There's a couple places short of 3100 it could stall on
  • #6,752
  • Dec 9, 2008 11:28am Dec 9, 2008 11:28am
anyone keep an eye on usd chf?....made a nice retracement after the third touch at 1.21679....looking for a good area for a long entry....might be on it now at 1.2020..any thoughts?
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #6,753
  • Dec 9, 2008 11:30am Dec 9, 2008 11:30am
Watching 92.00 on the USDJPY
  • #6,754
  • Dec 9, 2008 11:36am Dec 9, 2008 11:36am
seems like some nice setups are on the horizon...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #6,755
  • Dec 9, 2008 11:50am Dec 9, 2008 11:50am
Quoting smittens4212
There's a couple places short of 3100 it could stall on
I got in too early - at the 1.2988 level. My ODL feed tells me that it hit 1.3000 exactly. Be nice if it took its dive from there!
  • #6,756
  • Dec 9, 2008 11:52am Dec 9, 2008 11:52am
Hi smittens4212
Hi there .............are you planing to go long if $/jpy 92 level hold? I still can't fathom when all other yen crosses appreciated today ,$/JPY keep going down.......... Can any one comment on this.........
Thank you for your input in advance


Quoting smittens4212
Watching 92.00 on the USDJPY
BANDA333
  • #6,757
  • Dec 9, 2008 11:57am Dec 9, 2008 11:57am
Quoting BANDA
Hi smittens4212
Hi there .............are you planing to go long if $/jpy 92 level hold? I still can't fathom when all other yen crosses appreciated today ,$/JPY keep going down.......... Can any one comment on this.........
Thank you for your input in advance
Hi Banda,

I'd plan on going long if the 92 level holds. I can't post a chart right now, but it's simple technicals anyways... draw the support line at 92.00 and you'll see what I'm looking at, and there's a short-term down TL at the 92.60 level connected with the 92.25 level, that could end up intersecting at the 92 support level... of course this is projecting price action, and not our job... we react to price action. But it is nice when these levels align. They did so yesterday with the EURUSD at 1.2966 (a trendline and resistance level).
  • #6,758
  • Dec 9, 2008 12:01pm Dec 9, 2008 12:01pm
Hi smittens4212
Thank you very much for the input. Appreciate it immensely.I have gotten burnt enough from the USD/JPY lately.........thinking of even not to trade that until I can understand the it well. EU/JPY somewhat easy to comprehend.

Thank you



Quoting smittens4212
Hi Banda,

I'd plan on going long if the 92 level holds. I can't post a chart right now, but it's simple technicals anyways... draw the support line at 92.00 and you'll see what I'm looking at, and there's a short-term down TL at the 92.60 level connected with the 92.25 level, that could end up intersecting at the 92 support level... of course this is projecting price action, and not our job... we react to price action. But it is nice when these levels align. They did so yesterday with the EURUSD at 1.2966 (a trendline and resistance level).
BANDA333
  • #6,759
  • Dec 9, 2008 12:27pm Dec 9, 2008 12:27pm
Quoting ady27
I have a sell limit on EU 1.2965 with 40 SL.
Comments appreciated.
Deleted that one. Took 1.2990 short for 50 pips.
enough for me.
  • #6,760
  • Dec 9, 2008 1:20pm Dec 9, 2008 1:20pm
An easy 50 pips on USDCHF.

I hope everyone else found a level to enter one of the many retracements of the last hour or so.
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