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EURUSD

  • #55,081
  • Jan 8, 2009 8:46am Jan 8, 2009 8:46am
It's waiting for the 5 MA to catch up - it doesn't like to be too far away from its little friend!
  • #55,082
  • Jan 8, 2009 8:48am Jan 8, 2009 8:48am
Quoting klinckphilip
if that is a top which it may not be 50 pips downward is possible from here to 37xx maybe even 3580
really turning over hasnt hit the 26.3 yet so wouldnt enter again yet.
  • #55,083
  • Jan 8, 2009 8:52am Jan 8, 2009 8:52am
Quoting klinckphilip
really turning over hasnt hit the 26.3 yet so wouldnt enter again yet.
5 MA is currently just slightly above 23.6 fibo.
  • #55,084
  • Jan 8, 2009 8:53am Jan 8, 2009 8:53am
anyone sell eu?
  • #55,085
  • Jan 8, 2009 8:58am Jan 8, 2009 8:58am
new channel forming on h1 with 3800 being the upper (3 hits) t/l... interesting... H4 sellers must have come in again.

G/U went right up to daily ichi cloud and crashed.. didn't help e/u either. I didn't sell e/u, but I sold g/u for a bit.
DireXiv Make it happen, no one else is going to do it for you...
  • #55,086
  • Jan 8, 2009 8:59am Jan 8, 2009 8:59am
Quoting Ultraman
anyone sell eu?
quick scalp from 3760 to 3730....but this runup (and i'm probably the only one) seems suspicious to me...will wait for further entries...

mm
He who hesitates is hesitant....which always leads to bad entries.
  • #55,087
  • Jan 8, 2009 9:04am Jan 8, 2009 9:04am
Quoting Mackeymax
quick scalp from 3760 to 3730....but this runup (and i'm probably the only one) seems suspicious to me...will wait for further entries...

mm
and yes.....still learning to let my winners run....but i can imagine there are worse bad habits in forex...

mm
He who hesitates is hesitant....which always leads to bad entries.
  • #55,088
  • Jan 8, 2009 9:10am Jan 8, 2009 9:10am
could have also been bouncing off the yearly fib level for 1979 for all I know...

My setup uses the 50 for correlation...

Quoting klinckphilip
m4 is likely
DireXiv Make it happen, no one else is going to do it for you...
  • #55,089
  • Jan 8, 2009 9:10am Jan 8, 2009 9:10am
We have good US unemployment Data the reaction may only be taking place now.
  • #55,090
  • Jan 8, 2009 9:10am Jan 8, 2009 9:10am
Quoting Mackeymax
quick scalp from 3760 to 3730....but this runup (and i'm probably the only one) seems suspicious to me...will wait for further entries...

mm

yup just gave me another short entry hope Im not wrong
  • #55,091
  • Jan 8, 2009 9:10am Jan 8, 2009 9:10am
Quoting Mackeymax
and yes.....still learning to let my winners run....but i can imagine there are worse bad habits in forex...

mm
...and that "let the winners run" habit just cost me 40 pips...darn!!!
  • #55,092
  • Jan 8, 2009 9:11am Jan 8, 2009 9:11am
Nice 15min pin bar forming.
Bounced right off the 50% fib.
Good signal that up leg will resume
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  • #55,093
  • Jan 8, 2009 9:11am Jan 8, 2009 9:11am
Quoting klinckphilip
yup just gave me another short entry hope Im not wrong

could be at 3660 in minutes or could take until the next eu open no telling but i see it as being pretty safe to be shorting now.
  • #55,094
  • Jan 8, 2009 9:13am Jan 8, 2009 9:13am
Quoting andys0506
Nice 15min pin bar forming.
Bounced right off the 50% fib.
Good signal that up leg will resume
15 min is extremely unreliable i wouldnt be trading off that !
More reliable is the hourly one formed.
  • #55,095
  • Jan 8, 2009 9:14am Jan 8, 2009 9:14am
Quoting pipmyride
15 min is extremely unreliable i wouldnt be trading off that !
More reliable is the hourly one formed.
what 50% are you looking at
  • #55,096
  • Jan 8, 2009 9:15am Jan 8, 2009 9:15am
Quoting klinckphilip
what 50% are you looking at
I have a small not even touch bounce off of the 38.2 but it has to go back there to make sure. Just stay out or short at this level.
  • #55,097
  • Jan 8, 2009 9:17am Jan 8, 2009 9:17am
Quoting klinckphilip
I have a small not even touch bounce off of the 38.2 but it has to go back there to make sure. Just stay out or short at this level.
Yes i have it on the 38.2 also - not 50

Not the best but its better than the 15min pin !
  • #55,098
  • Jan 8, 2009 9:18am Jan 8, 2009 9:18am
Quoting Ultraman
anyone sell eu?
i did from 3735 to 3705. quick scalp
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #55,099
  • Jan 8, 2009 9:21am Jan 8, 2009 9:21am
Quoting Pips_Hunter
...and that "let the winners run" habit just cost me 40 pips...darn!!!
sorry to hear that...let me be extremely clear on this matter...when i'm up i have a manual (meaning i click when spooked to always avoid a loss) TP ...my point is that many put in a stop LOSS and that is exactly what it is...and i've seen some that put break even or 1 pip profit...unless someone shows me a better system i'll keep mine...

mm

p.s. never let a profitable trade go bad....and yes i know i could get longer pip runs....but i only need enough keep my goal in line...
He who hesitates is hesitant....which always leads to bad entries.
  • #55,100
  • Jan 8, 2009 9:32am Jan 8, 2009 9:32am
Quoting 01donatas
explanation is fake move
My explaination:

1. Since good US Econ Data will strenghten Dollar but will have negative impact on export. This was another US government intervention.

2. In order to stabilize exh rate, US adopt last EU stretegy, remember EU went up during their last rate cut?
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