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EURUSD

  • #50,581
  • Dec 16, 2008 10:46am Dec 16, 2008 10:46am
That was nice - t/p'ed at 20 -
Pip what you see; See what you pip!
  • #50,582
  • Dec 16, 2008 10:48am Dec 16, 2008 10:48am
Partial profits at 1.3825....life is sweet.....
  • #50,583
  • Dec 16, 2008 10:49am Dec 16, 2008 10:49am
Quoting SeerEye
That was nice - t/p'ed at 20 -
Well done...
  • #50,584
  • Dec 16, 2008 10:49am Dec 16, 2008 10:49am
Nice lil run. Now if we can get another one ... is the big question?
  • #50,585
  • Dec 16, 2008 10:51am Dec 16, 2008 10:51am
Quoting emda
my charts are screaming a 50% fib at 1.3600 round number.
and 1.3900 following
I got half at 1.36... and I am going to get half of the half here now... and the rest at 1.39... don't have to be greedy hundreds of pips already
  • #50,586
  • Dec 16, 2008 10:52am Dec 16, 2008 10:52am
Quoting Jhig
Nice lil run. Now if we can get another one ... is the big question?
Don't over trade...R1 @ 1.3815 seems to hold for now...we might see some retrace towards psych level 1.380

Just enjoy your profits...and re-analyze..

There are always more days full of trading ahead..

Just my 2 cents...
  • #50,587
  • Dec 16, 2008 10:53am Dec 16, 2008 10:53am
Quoting mikkom
There is a HUGE concentration of Asks at 3770, something like 150-300 contracts per pip for 5 pips (on euro futures contract - a good indication of overall market).

We might bounce here for a while (or even have a leg down).

edit: managed to take s screenshot when it touched this area again, look at that ask/bid ratio and it's still trying to go up. Tells something about how strong this trend is.

edit2: whoa!
interesting
I want an orders book too.... One day....
  • #50,588
  • Dec 16, 2008 10:55am Dec 16, 2008 10:55am
I have a feeling whether the Interest Rates news if good or bad ... I think the market will continue its up trend. At this time there is not enough momentum to move the market back to the USD favor.

At the end of the session ... we might even see P/A touch 1.40xx. But the way the market is these days ... its not good to look that far into the future.

Take what you can get and be happy. At this point ... we are all Scalpers.
  • #50,589
  • Dec 16, 2008 10:56am Dec 16, 2008 10:56am
Quoting Shadowfx
Don't over trade...R1 @ 1.3815 seems to hold for now...we might see some retrace towards psych level 1.380

Just enjoy your profits...and re-analyze..

There are always more days full of trading ahead..

Just my 2 cents...
Yeah, of course Shadow,
Im playing it very safe this week. Too many un-knowns out in the market
  • #50,590
  • Dec 16, 2008 11:00am Dec 16, 2008 11:00am
Quoting Shadowfx
I think maybe I should just make it a habit of setting SL to entry when I'm +16 and then manually move it ahead after that.

That's exactly what I do...step by step..or close and TP when I think its reached a top..
I do that too Ed and it works very well.
  • #50,591
  • Dec 16, 2008 11:02am Dec 16, 2008 11:02am
Quoting TradeWell
I do that too Ed and it works very well.
Thanks Tradewell.
Up or down, gimme a ticket
  • #50,592
  • Dec 16, 2008 11:02am Dec 16, 2008 11:02am
Price is around fibs 50 level on weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 23 KB
  • #50,593
  • Dec 16, 2008 11:03am Dec 16, 2008 11:03am
Ok...gonna take a break here till FED rates decision..

Like I said before...step away...clear your head..get out of the "emotions"..

It works for me...

Happy with my 2 cents...
  • #50,594
  • Dec 16, 2008 11:04am Dec 16, 2008 11:04am
Quoting Shadowfx
Ok...gonna take a break here till FED rates decision..

Like I said before...step away...clear your head..get out of the "emotions"..

It works for me...

Happy with my 2 cents...
Later Shadow.
Me too. Lunch time in the US ... Markets usually stale around this time. Back at 1pm (est)
  • #50,595
  • Dec 16, 2008 11:06am Dec 16, 2008 11:06am
Quoting Jhig
I have a feeling whether the Interest Rates news if good or bad ... I think the market will continue its up trend. At this time there is not enough momentum to move the market back to the USD favor.
Agree with you. Either 25 or 75 bps rate cut, it is only a sign the fed has run out its ammunition and begin to flood the market with next strategy. Except if you see fed increase the rate today

The only problem to me is where should I put my long position since there's no good enough retracement since yesterday.

Just my though as a beginner...
Manage your risk accordingly and you're half done your home work.
  • #50,596
  • Dec 16, 2008 11:09am Dec 16, 2008 11:09am
Could this be a case of buy the rumor sell the news? Are we seeing a big run-up in preparation for a selloff once the rate is announced? Just something to think about...
  • #50,597
  • Dec 16, 2008 11:21am Dec 16, 2008 11:21am
Quoting TradeWell
Could this be a case of buy the rumor sell the news? Are we seeing a big run-up in preparation for a selloff once the rate is announced? Just something to think about...

im thinking exactly the same thing. My gut is telling me so.
  • #50,598
  • Dec 16, 2008 11:21am Dec 16, 2008 11:21am
Quoting TradeWell
Could this be a case of buy the rumor sell the news? Are we seeing a big run-up in preparation for a selloff once the rate is announced? Just something to think about...
I don't know but I've exceeded my goal for the day. Think I'll get some lunch, watch some TV, download THV v2, and catch up on the blog.

Thanks for all the tips today guys.
Up or down, gimme a ticket
  • #50,599
  • Dec 16, 2008 11:22am Dec 16, 2008 11:22am
Quoting Shadowfx
Ok...gonna take a break here till FED rates decision..

Like I said before...step away...clear your head..get out of the "emotions"..

It works for me...

Happy with my 2 cents...
doing the same... Great advice.. easy to give back profits in a time like this
  • #50,600
  • Dec 16, 2008 11:23am Dec 16, 2008 11:23am
Quoting jc trader
im thinking exactly the same thing. My gut is telling me so.
Does your gut talk ??
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