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  • #64,841
  • Feb 12, 2009 11:46pm Feb 12, 2009 11:46pm
the only thing that makes me sense at the moment is 1H chart with long pin bar and daily/weekly charts
  • #64,842
  • Feb 13, 2009 12:00am Feb 13, 2009 12:00am
Had a bad trade fell for a bear trap or something like it.
-30 pips dam it.
entered short 1.2899 sl 1.2929

not every trade can be a winner!
Trade on your own risk Plan your trade&trade your plan dont be a
  • #64,843
  • Feb 13, 2009 12:00am Feb 13, 2009 12:00am
Haven't posted for a while, I have not been trading EURUSD (too much ranging).. But now I'm back trading because yesterday was a nice setup. Look where the last bounce up was ("pin bar" yesterday).

So now we might go up or penetrate down or range some more. I guess there are lots of more stops up so I guess the direction is up for a while but that's just me.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdtl.gif Size: 19 KB
  • #64,844
  • Feb 13, 2009 12:06am Feb 13, 2009 12:06am
Quoting T.E.Lawrence
1.2825 - I've shorted - I'll let it go till 1.2705 or something near that place.
Yesterday trade: +50pips ( I hoped it'd be more, but well....).

Now 1.2919 - short with a SL little above 1.2941.
  • #64,845
  • Feb 13, 2009 12:11am Feb 13, 2009 12:11am
Quoting T.E.Lawrence
Yesterday trade: +50pips ( I hoped it'd be more, but well....).

Now 1.2919 - short with a SL little above 1.2941.
what told you to go short at that level?
just curious
Trade on your own risk Plan your trade&trade your plan dont be a
  • #64,846
  • Feb 13, 2009 12:13am Feb 13, 2009 12:13am
Quoting Trading Cat
what told you to go short at that level?
just curious
Situation on 1h chart - wall at 1.2941. Well, it could be broken - we'll see. But for now maybe we go south for a while.
  • #64,847
  • Feb 13, 2009 12:16am Feb 13, 2009 12:16am
I hate those big charts, but here it is:

situation on a weekly chart

http://i427.photobucket.com/albums/p...ice/weekly.jpg
  • #64,848
  • Feb 13, 2009 12:17am Feb 13, 2009 12:17am
Quoting T.E.Lawrence
Situation on 1h chart - wall at 1.2941. Well, it could be broken - we'll see. But for now maybe we go south for a while.
thanks for that
will relax and find my next entry
Trade on your own risk Plan your trade&trade your plan dont be a
  • #64,849
  • Feb 13, 2009 12:23am Feb 13, 2009 12:23am
Quoting Trading Cat
thanks for that
will relax and find my next entry
Easy, it's just the beginning of the day.
  • #64,850
  • Feb 13, 2009 12:29am Feb 13, 2009 12:29am
Quoting T.E.Lawrence
Easy, it's just the beginning of the day.
not for me
we here down under have it 19.30 but its the start of the evening where I usually trade better anyways
Trade on your own risk Plan your trade&trade your plan dont be a
  • #64,851
  • Feb 13, 2009 12:39am Feb 13, 2009 12:39am
Quoting Trading Cat
not for me
we here down under have it 19.30 but its the start of the evening where I usually trade better anyways
Well, you trade better then 'cause you trade in the best forex trading zone - UK/US active session.
  • #64,852
  • Feb 13, 2009 12:53am Feb 13, 2009 12:53am
I'm flat. I have been stopped out in both directions. Too much uncertainty for my trading system.
  • #64,853
  • Feb 13, 2009 1:13am Feb 13, 2009 1:13am
Morning @ all
The best thing that can happen to you is to find out where you're wrong.
  • #64,854
  • Feb 13, 2009 1:14am Feb 13, 2009 1:14am
Quoting Driver55
Morning @ all
Good morning, Driver. Guess you've already been to the red phone, huh?

All I see is long above 2950 or short below 2875.

Edit: Correction, the daily pivot is around 2850. Will have to get below that for any confirmation of short.
Up or down, gimme a ticket
  • #64,855
  • Feb 13, 2009 1:17am Feb 13, 2009 1:17am
Quoting SpecialEd
Good morning, Driver. Guess you've already been to the red phone, huh?

All I see is long above 2950 or short below 2875.

Morning Ed,

My electrocardiogram is still flat.
I need some coffee and a cigarette or two

The best thing that can happen to you is to find out where you're wrong.
  • #64,856
  • Feb 13, 2009 1:21am Feb 13, 2009 1:21am
Quoting Driver55
Morning Ed,

My electrocardiogram is still flat.

I need some coffee and a cigarette or two

Yeah, I noticed you were working the night shift.
Up or down, gimme a ticket
  • #64,857
  • Feb 13, 2009 1:23am Feb 13, 2009 1:23am
Quoting SpecialEd
Good morning, Driver. Guess you've already been to the red phone, huh?

All I see is long above 2950 or short below 2875.

Edit: Correction, the daily pivot is around 2850. Will have to get below that for any confirmation of short.
Hi,

Your pivot points are calculated based on which session?
Always hunting for pips, even in the dark
  • #64,858
  • Feb 13, 2009 1:29am Feb 13, 2009 1:29am
Quoting jaddy
Hi,

Your pivot points are calculated based on which session?
London, my pivot is 2849. It will differ with some. I've never been ablve to figure it out, but the general area works.
Up or down, gimme a ticket
  • #64,859
  • Feb 13, 2009 1:59am Feb 13, 2009 1:59am
whilst I am currently flat at the moment, my bias is down currently. I think we may get close to 2700 level IF we break the daily pivot going down.

Having said that I do have a limit sell at 2869 with a t/p at 2800. The stop loss is in place as well ofcourse.
  • #64,860
  • Feb 13, 2009 1:59am Feb 13, 2009 1:59am
The latest asia sessions have been EURUSD positives. This means that the overall buying selling has eased in direction of buying. Thus early morning PA can be seen has profit taking, since it has recovered almost immediatly in European session. 1.2940 area kind of wall, but downside also limited by 1.2885. Lets see if flash data can broke this, but my bet is that we are going up. Yesterday rollercoaster activity has eased the stochastics, so 4 H is now pointing up.

Also, my broker gives me an idea of the options that are being buyed in the brokers, and somehow it seems that some risk taking is increasing, what increase the odd of a higher spot price on carry trades ( EURUSD now included in those)

good trading
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