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EURUSD

  • #49,601
  • Dec 11, 2008 11:59am Dec 11, 2008 11:59am
Quoting TradeWell
All TF's except weekly and monthly overbought.
What indicator is overbought? MACD just getting over 0
  • #49,602
  • Dec 11, 2008 12:02pm Dec 11, 2008 12:02pm
Quoting TIckerShuffl
What indicator is overbought? MACD just getting over 0
Sorry if I wasn't specific. It's an RSI and it's on my charts only. Everyone has different settings on theirs, so any newbies out there keep that in mind when someone makes a comment like I just did.
  • #49,603
  • Dec 11, 2008 12:02pm Dec 11, 2008 12:02pm
it's hitting the major trendline now. anyone for a short?
  • #49,604
  • Dec 11, 2008 12:03pm Dec 11, 2008 12:03pm
Quoting TIckerShuffl
This always happens when it comes off a low. Make enough money in two weeks and take rest of year off. I am up 50% in less than a week of trading, should have doubled my money if I stuck with my gut. I don't have confidence enough in my forecast to let my winners run - even possible add to them. If there was ever a time to play that strategy, this was it.
I forcasted it a few pages back!!! I knew exactly what was going to happen. I swear ... the biggest move since I Oct and I missed all of it. Broker's servers went down (luckly I had a stop in place for such unexpectedness) and my Comcast internet has been up and down (mostly down) all morning.

When it rains ... it pours ... and I drown!!!
What a day.
  • #49,605
  • Dec 11, 2008 12:05pm Dec 11, 2008 12:05pm
Quoting TradeWell
Well congratulations because you sure have been going through alot of angst waiting for this.
ANgst? not me..

I am missing this part of the move, you want to hear about angst...heh

caught 200 pips in EUR and some more in AUD...looking for a retrace, but looks like short covering or something is escalating to move to the upside.

Might be time to just have the broker send me a check and shut down again for the holidays.
  • #49,606
  • Dec 11, 2008 12:09pm Dec 11, 2008 12:09pm
Quoting TradeWell
If you are tired of losing, then take some profit now, put stops at BE, then you can't lose. (scaling out)
I took your advice and took my profit before it adjusted on me. Now I'll wait for another down-to-up turn again since I'm not betting against the EUR for a while.
  • #49,607
  • Dec 11, 2008 12:10pm Dec 11, 2008 12:10pm
Quoting TradeWell
I think he's gone for a while. He may only have a mental SL - he does that sometimes.
Thank u TW,My mind stopped today 400 pip up , can go more wow
have 2 short @3330 and 3350 can't think now where put sl
  • #49,608
  • Dec 11, 2008 12:11pm Dec 11, 2008 12:11pm
Frankly I should not place another trade until this resets by returning to 20SMA on Daily.

Dispite not capitalizing on the move completely the good news is that my theory played out. Still need to work on my entries, and my exits, but at least I have an idea of how to gauge the market indicators.

Good luck guys, I am going to take the money and come back in January, I think.
  • #49,609
  • Dec 11, 2008 12:11pm Dec 11, 2008 12:11pm
Well i'm also without a clue where to take profit, i'll watch psych levels (.340,.345...) and maybe there is a small clue in 1.3450 back in 15h-17th October... i've gone way back in the charts and haven't found any major resistances before 1.37

Tracing a fib in the last swing before this spike up points near 1.3440 at 161.8% level ...

Eck i'll have to keep watching 1m chart to fine tune an exit.. i hope.
Traders are smartasses
  • #49,610
  • Dec 11, 2008 12:12pm Dec 11, 2008 12:12pm
Quoting Jhig
I forcasted it a few pages back!!! I knew exactly what was going to happen. I swear ... the biggest move since I Oct and I missed all of it. Broker's servers went down (luckly I had a stop in place for such unexpectedness) and my Comcast internet has been up and down (mostly down) all morning.

When it rains ... it pours ... and I drown!!!
What a day.
ACK!!!

There will always be another trade.
  • #49,611
  • Dec 11, 2008 12:12pm Dec 11, 2008 12:12pm
Expecting EU to retrace at least to 1.3175 or so...
  • #49,612
  • Dec 11, 2008 12:19pm Dec 11, 2008 12:19pm
Quoting TIckerShuffl
Frankly I should not place another trade until this resets by returning to 20SMA on Daily.

Dispite not capitalizing on the move completely the good news is that my theory played out. Still need to work on my entries, and my exits, but at least I have an idea of how to gauge the market indicators.

Good luck guys, I am going to take the money and come back in January, I think.
I think you raise a good point. We have experienced an accelerated rise in the euro, breaking all kinds of resistances and various lines. So now which ones can we really count on? I think we are in a no trade zone now until we can figure out some kind of stabilization area. The only exception would be shorting with tight SL - could be a good r/r ratio.
  • #49,613
  • Dec 11, 2008 12:19pm Dec 11, 2008 12:19pm
I hope you are right.
And I hope in a falling down now!
Quoting zapper
Expecting EU to retrace at least to 1.3175 or so...
  • #49,614
  • Dec 11, 2008 12:20pm Dec 11, 2008 12:20pm
up 400 pips on my cover. and 130 pips on my short call. -300 pips on my put at 1.30 (I should have gotten out at 1.2540 but i was greedy). For a grand total of 230 pips.
  • #49,615
  • Dec 11, 2008 12:22pm Dec 11, 2008 12:22pm
Quoting Spsantos
Well i'm also without a clue where to take profit, i'll watch psych levels (.340,.345...) and maybe there is a small clue in 1.3450 back in 15h-17th October... i've gone way back in the charts and haven't found any major resistances before 1.37

Tracing a fib in the last swing before this spike up points near 1.3440 at 161.8% level ...

Eck i'll have to keep watching 1m chart to fine tune an exit.. i hope.
if you look at oct 2nd - 9th there was support around 1.34, which is now rather severe resistance IMO. that's why I called 1.34 on the breakout.
  • #49,616
  • Dec 11, 2008 12:24pm Dec 11, 2008 12:24pm
Quoting TIckerShuffl
if you look at oct 2nd - 9th there was support around 1.34, which is now rather severe resistance IMO. that's why I called 1.34 on the breakout.
And if it does not continue to rally then you called it almost to the pip!
  • #49,617
  • Dec 11, 2008 12:27pm Dec 11, 2008 12:27pm
Indeed ticker, nicely spotted

I'll take that as the most probable resistance.
Traders are smartasses
  • #49,618
  • Dec 11, 2008 12:32pm Dec 11, 2008 12:32pm
Anyone else caught in a short right now?

Not sure if i should wait it out or bite the bullet and take my losses.
  • #49,619
  • Dec 11, 2008 12:35pm Dec 11, 2008 12:35pm
Quoting TradeWell
I think you raise a good point. We have experienced an accelerated rise in the euro, breaking all kinds of resistances and various lines. So now which ones can we really count on? I think we are in a no trade zone now until we can figure out some kind of stabilization area. The only exception would be shorting with tight SL - could be a good r/r ratio.
Agreed on your short strategy. You are braver than I, however
  • #49,620
  • Dec 11, 2008 12:36pm Dec 11, 2008 12:36pm
Quoting SunTrader
You guys are too funny.

1.3700

No no, 1.4000

The number that is really important is 1.334666 to the exact fractional pip and will be hit on the exact second 10:48:22 Monday morning.

It would help if someone puts up a chart and explains why x.xxxx is all that important.

SpecialEd mentions previous highs and whatnot. That is helpful. Anything else is just numbers.

Hi Sunny

Do u remeber our conversation last weekend or maybe it was 2 weeks ago.
Sell USD thing and those arrows
i am sure u do
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