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EURUSD

  • #50,221
  • Dec 14, 2008 6:06pm Dec 14, 2008 6:06pm
Hey, i got a call... Someone over the phone? No, it`s just a margin call
  • #50,222
  • Dec 14, 2008 6:08pm Dec 14, 2008 6:08pm
Quoting goop
have a look at this. going south for sure.
hope so...
  • #50,223
  • Dec 14, 2008 6:12pm Dec 14, 2008 6:12pm
EURUSD (H4) "30P"


http://img505.imageshack.us/img505/4...son0152ze0.gif


EURUSD (H4) "30P"


Trend = UP

Trend HIGH is STRONG, no signals for entry now.

We can wait for downmove SELLING 1.30 TARGET 1.28

Support = 1.319 >> 1.30 >> 1.28

See more: EURUSD (H4) "30P"
  • #50,224
  • Dec 14, 2008 6:13pm Dec 14, 2008 6:13pm
Quoting psiholog
So what your saying is.. not going up from here...
don't know about "here" exactly, but not higher than my stops...

That said, honestly, the smartest trade right now is probably none at all till next year...

My alternative is smaller positions/wider stops as I'm not quite ready to pull the plug yet. I could get there pretty fast tho...
FUBAR...
  • #50,225
  • Dec 14, 2008 6:13pm Dec 14, 2008 6:13pm
usually if it's a spike it will go in which ever direction spends there small amount of time and then returns with double the force, looking at euro now it spiked, and now several 1min,5min and 15min candles closed near the high which tells me that this is not a spike plus as i mentioned before there is bullish setup on 1h and in particularly on 3h chart so i expect 1.35 and 1.36 and could be even before london opens. just my thinking.
  • #50,226
  • Dec 14, 2008 6:15pm Dec 14, 2008 6:15pm
Quoting ferndog
Got up to 1.3354. I think i will keep long if we can go over 1.3375. See what happens.
See i told you guys it would go higher above 1.3375
  • #50,227
  • Dec 14, 2008 6:29pm Dec 14, 2008 6:29pm
Hi, guys
Another crazy week started: EUR/USD - UP, EUR/JPY - UP, USD/JPY - UP.

Is anything going down?
  • #50,228
  • Dec 14, 2008 6:31pm Dec 14, 2008 6:31pm
Quoting zapper
Hey, i got a call... Someone over the phone? No, it`s just a margin call
I hope that's a joke or a game account
  • #50,229
  • Dec 14, 2008 6:35pm Dec 14, 2008 6:35pm
Quoting ak4x
don't know about "here" exactly, but not higher than my stops...

That said, honestly, the smartest trade right now is probably none at all till next year...

My alternative is smaller positions/wider stops as I'm not quite ready to pull the plug yet. I could get there pretty fast tho...
Hey ak4x, how do you set your stop losses? I dont have any probs getting in and out of "good" trades, but at what point to you set a sl or get out of a "bad" trade? Thanks for your help!
  • #50,230
  • Dec 14, 2008 6:40pm Dec 14, 2008 6:40pm
everything still seems greatly oversold.
  • #50,231
  • Dec 14, 2008 6:43pm Dec 14, 2008 6:43pm
Quoting sed34
everything still seems greatly oversold.
greatly oversold or overbought? and which TF are you referring to?
  • #50,232
  • Dec 14, 2008 6:44pm Dec 14, 2008 6:44pm
Quoting forexbomber
Hey ak4x, how do you set your stop losses?
well, in this case on the eu it's above M4, so that then dictates the order size.. yen trades might be different, could be pivots or fibs or... or combo of those. might depend on the pair as well. Gy would get a minimum of 50pips, that would be a pretty tight stop on that pair...

doesn't sound too helpful does it...

I will add that the QP for this current pivot zone is 3459... so far it's holding. m4 at 3476. but sunday pivots are iffy with gaps and weird opening times now. I don't pay them much attention anymore and wioth a big gap i don't even bother.
FUBAR...
  • #50,233
  • Dec 14, 2008 6:47pm Dec 14, 2008 6:47pm
Quoting ak4x
well, in this case on the eu it's above M4, so that then dictates the order size.. yen trades might be different, could be pivots or fibs or... or combo of those. might depend on the pair as well. Gy would get a minimum of 50pips, that would be a pretty tight stop on that pair...

doesn't sound too helpful does it...

HAHA thanks for the help! no it makes sense to me overall. I used to trade the gy and use a 50 to 75 pip stop but now i only trade the eu and typically use a 25 pip stop unless my gut tells me different. Thanks again for the help!
  • #50,234
  • Dec 14, 2008 6:48pm Dec 14, 2008 6:48pm
Quoting zapper
greatly oversold or overbought? and which TF are you referring to?
sorry. i meant overbought.
  • #50,235
  • Dec 14, 2008 6:51pm Dec 14, 2008 6:51pm
Quoting sed34
sorry. i meant overbought.
phew! you almost waved a red flag at a bull when i was a spectator near the fence...
  • #50,236
  • Dec 14, 2008 6:53pm Dec 14, 2008 6:53pm
A great fall in place, seems to be taking shape as the 15 and 30mins are already bearish... 1H yet to prove it, before we move on to 4H.
  • #50,237
  • Dec 14, 2008 6:58pm Dec 14, 2008 6:58pm
Quoting zapper
A great fall in place, seems to be taking shape as the 15 and 30mins are already bearish... 1H yet to prove it, before we move on to 4H.
I must be looking at the wrong charts then
Traders are smartasses
  • #50,238
  • Dec 14, 2008 7:01pm Dec 14, 2008 7:01pm
ok. it seems to be coming down. my stochastics was at 100. not to mention that the rsi was 90.
  • #50,239
  • Dec 14, 2008 7:02pm Dec 14, 2008 7:02pm
Can`t stay awake to see success or failure... All is left to the supreme being and the nature. Good night guys... hoping to have a peaceful sleep and not dreaming of candlesticks... (serious...)
  • #50,240
  • Dec 14, 2008 7:03pm Dec 14, 2008 7:03pm
Here is what I see on the weekly chart:

A downward channel (blue line is middle of channel) that now has PA reaching the upper wall. The yellow-orange ovals show other areas of prices similar to now where there was former s/r. We are also still relatively close to the 38.2 "all-time" fib.

These factors cause me to consider that the most likely PA this week will be confined within the blue triangle, with the yellow triangles being less likely. If so, the PA may mimic the area in the purple oval. PA has been hanging around the 288 SMA which now roughly corresponds to the fib I mentioned.
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