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  • #8,321
  • Feb 5, 2009 3:04am Feb 5, 2009 3:04am
Quoting Siam
Way too much news out there today, no more games of pong for me.

If 800 really does go with a boom it's probably not to be trusted on days like these. And I hate having to scalp like this it's so.... draining.
Pub time? It's only 4:00pm in Thailand, you're starting early!
  • #8,322
  • Feb 5, 2009 3:10am Feb 5, 2009 3:10am
EURUSD is resisting on 1.2850 (H1). Lower Bollinger band is wide open on H4... I might enter short at 1.2850, targetting 1.2725.
  • #8,323
  • Feb 5, 2009 3:11am Feb 5, 2009 3:11am
Hi Siam

Perhaps you can answer a long running question for me.

I see you use UK brokers. I am concerned the misalignment of my 4hr charts GMT with traders in the US weakens the impact of any 4hr PA I use. I have been tempted to run a US package in the NY session.

What are your thoughts?
  • #8,324
  • Feb 5, 2009 3:15am Feb 5, 2009 3:15am
Quoting RedCabbage
Hi Siam

Perhaps you can answer a long running question for me.

I see you use UK brokers. I am concerned the misalignment of my 4hr charts GMT with traders in the US weakens the impact of any 4hr PA I use. I have been tempted to run a US package in the NY session.

What are your thoughts?
Just as a note, sorry for interfering . But I use IBFX and they are US based, but they still use GMT. I don't think EST is so widely used.
  • #8,325
  • Feb 5, 2009 3:22am Feb 5, 2009 3:22am
Hi,

I'm not sure if it would make that much difference on 4hr and above. Maybe if you were scalping on the lower time frames it would be noticed.
I'm not really around during the US ses so sorry i can't be more help.

And always remember it is never too early.
Attached Image
  • #8,326
  • Feb 5, 2009 3:28am Feb 5, 2009 3:28am
Quoting Siam
Hi,

I'm not sure if it would make that much difference on 4hr and above. Maybe if you were scalping on the lower time frames it would be noticed.
I'm not really around during the US ses so sorry i can't be more help.

And always remember it is never too early.
Only 1h charts are aligned all around the world, US EST 4h closes are one hour out from ours(-5hrs) and daily closes are -5hrs.

Europe will also have different 4h closes (+1).

Cheers Siam, raise a glass to those of us just starting work when you get to the pub.
  • #8,327
  • Feb 5, 2009 3:33am Feb 5, 2009 3:33am
I think I'll take another short on EURUSD at 1.2930... Not sure. And CAD has another possible long in 1.2225-1.2170. I'll be cautious about these, as I traded them yesterday also.
  • #8,328
  • Feb 5, 2009 3:37am Feb 5, 2009 3:37am
Took this one with a tight stop. After such a drop and a little stall near the previous low which coincides nicely on H4 I thought it was worth getting in since it was no longer plowing down so hard.
Attached Image
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,329
  • Feb 5, 2009 3:38am Feb 5, 2009 3:38am
Quoting Thexder
Took this one with a tight stop. After such a drop and a little stall near the previous low which coincides nicely on H4 I thought it was worth getting in since it was no longer plowing down so hard.
Cool. Nice one . I was thinking of getting in, but I hesitated. Have some limit orders on the EU and I'm also watching NZDUSD for a possible short (manually).
  • #8,330
  • Feb 5, 2009 3:40am Feb 5, 2009 3:40am
Quoting bumasoft
Cool. Nice one . I was thinking of getting in, but I hesitated. Have some limit orders on the EU and I'm also watching NZDUSD for a possible short (manually).
The CAD just started going up almost +30 now....and to think I was in bed and just got up to see how the EUR USD long was going because I couldn't sleep. Might as well stay up and go to work, my alarm goes off in 20 minutes.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,331
  • Feb 5, 2009 3:53am Feb 5, 2009 3:53am
Quoting Siam
Hi,

I'm not sure if it would make that much difference on 4hr and above. Maybe if you were scalping on the lower time frames it would be noticed.
I'm not really around during the US ses so sorry i can't be more help.

And always remember it is never too early.

Hi All

Siam - where's mine?
RegardsPaul Eamonn
  • #8,332
  • Feb 5, 2009 3:57am Feb 5, 2009 3:57am
My short on USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 23 KB
  • #8,333
  • Feb 5, 2009 3:57am Feb 5, 2009 3:57am
Quoting Thexder
These areas also looked spikey on 4 hour so I took a bounce
nice one
Since there was already a 60 pips bounce from 1.28 during the asian session, I didn't dare to take the last bounce

looks good
  • #8,334
  • Feb 5, 2009 3:58am Feb 5, 2009 3:58am
Quoting bumasoft
My short on USDJPY
hey, I am shorting uj from 89.90 as well, that is near a 38.2 fib
wish us luck
  • #8,335
  • Feb 5, 2009 4:02am Feb 5, 2009 4:02am
Quoting dreamtrader
hey, I am shorting uj from 89.90 as well, that is near a 38.2 fib
wish us luck
Thanks. Good luck to you too! I am basing it all on supply and demand, no fibs for me till I learn this

Edit: I secured mine on breakeven. Don't like how it looks.
  • #8,336
  • Feb 5, 2009 4:11am Feb 5, 2009 4:11am
umm.. uj support around 89.70
  • #8,337
  • Feb 5, 2009 4:12am Feb 5, 2009 4:12am
Quoting dreamtrader
umm.. uj support around 89.70
Yeah, doesn't seem to want to crack that
  • #8,338
  • Feb 5, 2009 4:18am Feb 5, 2009 4:18am
yes, it is a confluence of 61.8 fib and 50 fib, it is also a previous swing high (at least seen in M15)

but I am still holding my short, I think that a stop above 90 is pretty safe as I see supply there.
  • #8,339
  • Feb 5, 2009 4:19am Feb 5, 2009 4:19am
Quoting dreamtrader
yes, it is a confluence of 61.8 fib and 50 fib, not to mention it is a previous swing high (at least seen in M15)

but I am still holding my short, I feel that a stop above 90 is pretty safe as I see supply there.
I think this will be fine. as EURUSD is heading for 1.2930 supply, the USD is losing a bit of strength.
  • #8,340
  • Feb 5, 2009 4:32am Feb 5, 2009 4:32am
Quoting bumasoft
Thanks. Good luck to you too! I am basing it all on supply and demand, no fibs for me till I learn this

Edit: I secured mine on breakeven. Don't like how it looks.
lol im in this trade as well....but moved my sl to fast so i got stopped out with 10 pip.....

also took the usd/chf trade 1,1640 level..
time for lunch...
kojak
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