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  • #7,121
  • Jan 13, 2009 6:47pm Jan 13, 2009 6:47pm
Morning,

Never a dull moment these days and price just seems to slice trough most S+R with out much hesitation. Trades from yesterday are all going well and I continue to hold Eur whilst taking some partial profits on usd/Jpy and Aud/Usd.

Eur/jpy is heading towards a crossroads and could go with a bang, watching that one today and with news and all coming out in favour of a cut there could be more aversion towards the Yen.
  • #7,122
  • Jan 13, 2009 7:31pm Jan 13, 2009 7:31pm
Siam, what do you think about the EURUSD?

Been a while since we've seen any bounce, I'm wondering if before Thursday's rate announcement we might see prices retrace a bit upwards. That's what I'm mainly going to try to play tonight if I get a good place to enter at.
  • #7,123
  • Jan 13, 2009 9:21pm Jan 13, 2009 9:21pm
Quoting smittens4212
Siam, what do you think about the EURUSD?

Been a while since we've seen any bounce, I'm wondering if before Thursday's rate announcement we might see prices retrace a bit upwards. That's what I'm mainly going to try to play tonight if I get a good place to enter at.
Hi,

13100 seems a sturdy line of defence and just another hundred down will be a tough one to crack. I tend to have sell orders just below levels like these nowadays. And although i'm sure there are a lot of ops to fade levels like these, the bigger moves of late seem to favour breakouts.
  • #7,124
  • Jan 13, 2009 9:37pm Jan 13, 2009 9:37pm
never been on this thread........and love the topic. here's a no brainer: short gbp/chf. been short since yesterday and lookin fpr 1.58 with possible new lows.
  • #7,125
  • Jan 13, 2009 9:46pm Jan 13, 2009 9:46pm
Quoting sleep1Iopen
never been on this thread........and love the topic. here's a no brainer: short gbp/chf. been short since yesterday and lookin fpr 1.58 with possible new lows.
is your bias towards short technical/chart or fundamental based?
  • #7,126
  • Jan 13, 2009 9:49pm Jan 13, 2009 9:49pm
Quoting libb
is your bias towards short technical/chart or fundamental based?
both
  • #7,127
  • Jan 13, 2009 11:12pm Jan 13, 2009 11:12pm
Quoting Shermenator
Shorts below red arrow and longs above green arrow...

Attachment

Hope you guys took the trade I gave while I slept
  • #7,128
  • Jan 13, 2009 11:48pm Jan 13, 2009 11:48pm
Quoting steelhead
Nice try but the herd, or retail traders dont trade a position size large enough to effect the market one bit. That is a fact.

It really isnt that hard to understand is it?
Hey Bonehead,

You're missing the point.

The herd includes everyone - CB's, market makers - everyone.

No its not difficult to understand and maybe even you'll get it some day.
  • #7,129
  • Jan 13, 2009 11:55pm Jan 13, 2009 11:55pm
Quoting stewrigh
Hey Bonehead,

You're missing the point.

The herd includes everyone - CB's, market makers - everyone.

No its not difficult to understand and maybe even you'll get it some day.


lol lol lol i mean really what can i say. Dude you are the herd keep selling the holes and buying the tops. Keep using those cluttered charts with all those indicators.

I promise you that you dont want to get into a war of words on how the market works with me bud.
  • #7,130
  • Jan 14, 2009 12:05am Jan 14, 2009 12:05am
Quoting steelhead
lol lol lol i mean really what can i say. Dude you are the herd keep selling the holes and buying the tops. Keep using those cluttered charts with all those indicators.

I promise you that you dont want to get into a war of words on how the market works with me bud.
You're absolutely right.

Why would I want to argue with someone who doesn't even understand how supply and demand works.
  • #7,131
  • Jan 14, 2009 12:12am Jan 14, 2009 12:12am
Quoting stewrigh
You're absolutely right.

Why would I want to argue with someone who doesn't even understand how supply and demand works.
what is supply and demand? Before you start talking noise read my history. After that why dont you post trades live then come back to me and talk your noise.


Until then I will just consider you another trader with a 500 dollar account that trades micro minis.

Put that in your pipe and smoke it
  • #7,132
  • Jan 14, 2009 12:18am Jan 14, 2009 12:18am
How about a USD CHF long around 1.1100 coinciding with a bounce from lows a few days ago?
Attached Image
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #7,133
  • Jan 14, 2009 12:31am Jan 14, 2009 12:31am
Quoting steelhead
what is supply and demand? Before you start talking noise read my history. After that why dont you post trades live then come back to me and talk your noise.


Until then I will just consider you another trader with a 500 dollar account that trades micro minis.

Put that in your pipe and smoke it
That says it all really doesn't it.

If you really don't understand one of the basic fundamentals of what moves the market I'm afraid I'm going to find it very difficult to take you seriously.

I guess you think its your testosterone that moves the markets lol.
  • #7,134
  • Jan 14, 2009 12:45am Jan 14, 2009 12:45am
Quoting stewrigh
That says it all really doesn't it.

If you really don't understand one of the basic fundamentals of what moves the market I'm afraid I'm going to find it very difficult to take you seriously.

I guess you think its your testosterone that moves the markets lol.

You evidently dont understand a tongue and cheek comment. I understand supply and demand just fine.

Im done
  • #7,135
  • Jan 14, 2009 12:49am Jan 14, 2009 12:49am
Here is a little something for you guys to pay attention ....make a plan and make it come to you not the other way around

short are holds longs are scalps

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 16 KB
  • #7,136
  • Jan 14, 2009 3:13am Jan 14, 2009 3:13am
Quoting Shermenator
Hope you guys took the trade I gave while I slept
Hi all,

I've been on holiday the last 2 weeks so just catching up with the thread.

Quick question for Shermenator: On MT4, how do you get your S&R levels to only go from the point you identify (hi/low)to the current right of your screen ?... as you know the default goes as far left as possible... looks useful to easily identify why you initially placed that level on the charts when returning to them

Thanks... some great work on here recently my friend...I'm reading through it now.... I hope you will stay on here for 2009
  • #7,137
  • Jan 14, 2009 4:24am Jan 14, 2009 4:24am
Not seen a 1h centipede pattern before is that a likely break out?
  • #7,138
  • Jan 14, 2009 4:28am Jan 14, 2009 4:28am
Quoting Willowgal
Hi all,

I've been on holiday the last 2 weeks so just catching up with the thread.

Quick question for Shermenator: On MT4, how do you get your S&R levels to only go from the point you identify (hi/low)to the current right of your screen ?... as you know the default goes as far left as possible... looks useful to easily identify why you initially placed that level on the charts when returning to them

Thanks... some great work on here recently my friend...I'm reading through it now.... I hope you will stay on here for 2009
Not sure about MT4 but on PRT you can do this by drawing a horizontal TL.
  • #7,139
  • Jan 14, 2009 4:39am Jan 14, 2009 4:39am
Quoting RedCabbage
Not sure about MT4 but on PRT you can do this by drawing a horizontal TL.
Thanks RC... Shermenator has one drawn on ODL MT4 on previous page of this thread ...just wondering how to do it :-)
  • #7,140
  • Jan 14, 2009 4:46am Jan 14, 2009 4:46am
Hi guys,

Any thoughts on this around 1.3070 ? level has history and also 76.4% retr. of previous move up
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 14jan09.gif Size: 23 KB
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