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EURUSD

  • #55,121
  • Jan 8, 2009 11:26am Jan 8, 2009 11:26am
Is this a hint:

Obama said
'On Friday last years employment numbers are likely to be the worst since WW11'
  • #55,122
  • Jan 8, 2009 11:36am Jan 8, 2009 11:36am
Thkx all for the help. Reading on it, and looks like "hammer and hangman" formation. Always learning.
Any comments on the Obamidable Showman's speach. (Got to like the guy)
  • #55,123
  • Jan 8, 2009 11:43am Jan 8, 2009 11:43am
Hi everyone,

Just a quick note on how I see the market those days: I am still bias short the Euro and short EUR/USD but there are plenty of opportunities to make money playing both sides. The us data came so bad that allot of people believe the dollar is dead , it will crash , it may go to 2.0 and more crazy stuff . Remember that the USD still makes the world spin and that will not change anytime soon.
This is how I trade those days: Find out the short trend, this market has no long term memory, go on the daily trend and position your self in the momentum side, almost every move it's 100 pips or more so all you have to do is position yourself right.I made money yesterday being short the pound and then 30 min later I was long the pount. This is a great time to trade but be alert and have tight stops!
Remember the guerrilla fighter concept , we are speculative traders, we trade opportunity and there is no need to commit to the bulls or the bears until the market picks up a clear direction.

Happy trading everyone,
Mr. Green
Happy Trading everyone
  • #55,124
  • Jan 8, 2009 11:52am Jan 8, 2009 11:52am
Quoting spavadache
Hi everyone,

Just a quick note on how I see the market those days: I am still bias short the Euro and short EUR/USD but there are plenty of opportunities to make money playing both sides. The us data came so bad that allot of people believe the dollar is dead , it will crash , it may go to 2.0 and more crazy stuff . Remember that the USD still makes the world spin and that will not change anytime soon.
This is how I trade those days: Find out the short trend, this market has no long term memory, go on the daily trend and position your self in...
Mr. Green, you seem to make a lot of sense. Now, when you say "go to the daily charts trend" do you mean using stochastics? I'm fairly new at this and can use all the help I can get. How does you "guerrilla fighter concept" work?
Thanks,
If only I knew then what I know now...
  • #55,125
  • Jan 8, 2009 11:56am Jan 8, 2009 11:56am
Quoting walb99
Alligator says uptrend for the session.

Alligator is not working at all.
It takes too much time to react with the trend.
And I think in your chart is getting sleepy.

If you want some alligator’s info check this:
http://charlesmcg.wordpress.com/2008/12/19/alligator/
  • #55,126
  • Jan 8, 2009 12:11pm Jan 8, 2009 12:11pm
Bah! She does not move at all. Me think it is time to go sleep. Good luck every body. I close my trade with +160 pips today. Happy pippin you all.
Manage your risk accordingly and you're half done your home work.
  • #55,127
  • Jan 8, 2009 12:22pm Jan 8, 2009 12:22pm
Quoting spavadache
Hi everyone,

Just a quick note on how I see the market those days:...
Solid advice...certainly something I should remember.
  • #55,128
  • Jan 8, 2009 12:30pm Jan 8, 2009 12:30pm
Quoting AngelaTrix
Alligator is not working at all.
It takes too much time to react with the trend.
And I think in your chart is getting sleepy.

If you want some alligator’s info check this:
http://charlesmcg.wordpress.com/2008/12/19/alligator/
How do you determine the trend for the session?
/ ... clarifying decisions ... /
  • #55,129
  • Edited 12:58pm Jan 8, 2009 12:45pm | Edited 12:58pm
Key support area on 5M 100SMA, break here brings uncertainty

edit: nice su[pport there...could bode well for longs going forward, but things can change on a dime
  • #55,130
  • Jan 8, 2009 1:18pm Jan 8, 2009 1:18pm
That was, just like yesterday, a 50% fib retracement of the whole movement up today.

So I entered long @1.3675 tp @ R1 (1.3792) but i'll be watching this one maybe i'll need to pull the plug before NY closes.
Traders are smartasses
  • #55,131
  • Jan 8, 2009 1:38pm Jan 8, 2009 1:38pm
Possible mirror head and sholder
Attached Image (click to enlarge)
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  • #55,132
  • Jan 8, 2009 1:43pm Jan 8, 2009 1:43pm
Quoting spavadache
We are speculative traders, we position ourself or we try to do so in the direction that the "big boys" in the banks want to trade , this is what guerrilla fighters do , they don't take sides , they wait until someone is getting beat up (the bulls or the bears) and then they jump in and take credit for the victory, in our case we take profits.
Go to this website and read the free training I have over there and you can understand my view on the markets. [url="http://greenforextrading.com/Training.html"]http://greenforextrading.com/Training.html...



Good Site!
  • #55,133
  • Jan 8, 2009 1:43pm Jan 8, 2009 1:43pm
If you look hard enough there are heads and shoulders everywhere.

I closed longs for now, possible look at 1.3650 before higher...have to lock the pips. Perhaps next 4 hours will shed more light.
  • #55,134
  • Jan 8, 2009 1:50pm Jan 8, 2009 1:50pm
Quoting TIckerShuffl
If you look hard enough there are heads and shoulders everywhere.

I closed longs for now, possible look at 1.3650 before higher...have to lock the pips. Perhaps next 4 hours will shed more light.
Ticker, a few minutes more and you'd get a bit more pips

But of course, better have them in the pocket then flying away.

I don't think this will reach my target of 1.3792, i'm thinking in bailing out soon too, dinner time over here (almost 20:00)

Back to watch the 2M chart to find a reasonable exit point
Traders are smartasses
  • #55,135
  • Jan 8, 2009 1:54pm Jan 8, 2009 1:54pm
Quoting Spsantos
Ticker, a few minutes more and you'd get a bit more pips

But of course, better have them in the pocket then flying away.

I don't think this will reach my target of 1.3792, i'm thinking in bailing out soon too, dinner time over here (almost 20:00)

Back to watch the 2M chart to find a reasonable exit point
No kidding! another 10pips..it was hiting SMA reistance, so this peek about may or moay not last. I am looking at the AUSSIE wondering if that is about to collapse - or break out... Enjoy dinner
  • #55,136
  • Jan 8, 2009 1:57pm Jan 8, 2009 1:57pm
we entered silly season wiht the euro about 15 minutes ago. its getting a little foolish.
  • #55,137
  • Jan 8, 2009 1:58pm Jan 8, 2009 1:58pm
Quoting ma_cowburn
Possible mirror head and sholder
What kind of MAs are these?
/ ... clarifying decisions ... /
  • #55,138
  • Jan 8, 2009 2:00pm Jan 8, 2009 2:00pm
just closed EURAUD long playing AUD short...Im done for today with 14%.

I tell you man...this has been a roller coaster week. More trades than I like and flat from Sunday.

Getting to be a bit time consuming, but time is one thing I have, I guess.
  • #55,139
  • Jan 8, 2009 2:05pm Jan 8, 2009 2:05pm
Quoting walb99
What kind of MAs are these?
it is the 23 and 13 sma.
  • #55,140
  • Jan 8, 2009 2:07pm Jan 8, 2009 2:07pm
How do you copy and post MT4 charts to be seen in here?
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