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  • #73,561
  • Mar 10, 2009 10:37am Mar 10, 2009 10:37am
Quoting ak4x
btl, you messin with my shorts?


I am only reading my charts.
  • #73,562
  • Mar 10, 2009 10:38am Mar 10, 2009 10:38am
Quoting Driver55
guys..

I have entered into hedging at 2708..

I go to dinner

Hello Driver.
Up or down, gimme a ticket
  • #73,563
  • Mar 10, 2009 10:38am Mar 10, 2009 10:38am
And here we be... right on schedule, some will , some will , and everybody is ..
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FUBAR...
  • #73,564
  • Mar 10, 2009 10:39am Mar 10, 2009 10:39am
Quoting ak4x
Shorts, be aware...

2710ish is the 20m 21sma, converging a'rd the xx20 Psych level, and just below a very steep ascending TL for this session on the 1hr and lower... also the 8sma (smoothed) on the 1hr, so it's a complex level for many reasons that the Market will have to sort thru.

I'm not closing yet, but I will take some off and look for a break of the 2700/20 zone back into the range. If not.... then we may bounce the other way for awhile longer. It could camp out here for awhile either way. I'd like to see it drop on thru to confirm sentiment,...
Good post. Spot on yourself.
Up or down, gimme a ticket
  • #73,565
  • Mar 10, 2009 10:39am Mar 10, 2009 10:39am
In @ 2787.

What I see is price being rejected at the top of the Daily Bear Channel. We had an hourly bull channel and we will need to close below the lower line before any major bear moves. I am still looking for shorts if we retrace and then I will move my stops closer as we approach the lower side of the hourly channel in case of a bounce.
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  • #73,566
  • Mar 10, 2009 10:41am Mar 10, 2009 10:41am
On a long term perspective I'd feel more comfortable going short
again after a rally towards 1.36xx. We are so close to support and
it's not doing much for the past few weeks.
I think people are accumulating positions here to drive price up a bit and
sell them their Long Positions.
  • #73,567
  • Mar 10, 2009 10:45am Mar 10, 2009 10:45am
If someone told me I could only have one MA on my chart ((Horrors!!) for all TF's, I'd have to pick the 21sma, hands down. Just sayin...
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FUBAR...
  • #73,568
  • Mar 10, 2009 10:52am Mar 10, 2009 10:52am
guys, be careful
correction up to 1.2640
{Promotion Removed}
  • #73,569
  • Mar 10, 2009 10:55am Mar 10, 2009 10:55am
Quoting psiholog
i would like to note one other thing. this is the first time ever that i think i have seen a large W on the hourly/4h charts and a smaller W on the 15min chart. Truly...cool for lack of a better word. The irony is the neckline for both is around the same value (open to interpretation). Pay attention folks...we dont see the sexiness eur/usd can offer every day...this is....too cool to be true haha.

Attachment
just woke up to see current pa. the W on the smaller timeframe has long been completed. The W on the larger timeframe however still has room up close to the 1.2900 for it to be completed. Still, because we rarely see patterns reach 100% completion on the eur /usd these days...i think its the right time to forget about the larger W all together. Instead I am curious to see if a double top will be formed later today or any pattern that indicates reversal. as for pa currently....1.2655 is the first line of support at this time (neckline for both W's previously ) with the super strong S/R level at 1.2625. Lets see what happens. OH yeah my bias is currently neutral.

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Different opinions highly valued, ignorant to slander.
  • #73,570
  • Mar 10, 2009 10:56am Mar 10, 2009 10:56am
1 short closed at 690 for 100, 80% off the other one at 691 for 105. TP at 2620 ((optimistic actually)) and trailer set on the remainder

It's off for ice cream for me. That was nerve wracking.
FUBAR...
  • #73,571
  • Mar 10, 2009 10:57am Mar 10, 2009 10:57am
This drop caught me!!
  • #73,572
  • Mar 10, 2009 10:57am Mar 10, 2009 10:57am
correction up to 1.2640, further need to bay
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{Promotion Removed}
  • #73,573
  • Mar 10, 2009 10:59am Mar 10, 2009 10:59am
Hi,
what to do just now?
I'm thinking to take a long.... someone else thinks the same?

Good trading by richboy ;-)
I'll send a bottle of wine to my first voucherer ;-)
  • #73,574
  • Mar 10, 2009 11:01am Mar 10, 2009 11:01am
Notwithstanding what driver and btl have said about the longs, and TJ really said a mouthful...

watch the current 15m for a potential shampoo... a pre or post NY session Close move back north maybe to 2720/40ish as Profits are taken off end of day could form the right shoulder...

I'm out till this evening.
FUBAR...
  • #73,575
  • Mar 10, 2009 11:10am Mar 10, 2009 11:10am
Quoting richboy1972
Hi,
what to do just now?
I'm thinking to take a long.... someone else thinks the same?

Good trading by richboy ;-)

Well I was just about to post that I'm still waiting for a better entry for a long when we just dropped some more... Getting tempting, but I'm not going to make any major play just yet.
  • #73,576
  • Mar 10, 2009 11:16am Mar 10, 2009 11:16am
Watch this crazy wench head back to the Dp...

Not on this chart but the 1hr Lower BB and DP within a few pips of each other at 2630, pysch level just below at xx20.

Currently at 2hr 21sma, 2660 historic S/R zone, and the brutal 50ema at 2650.

Be aware of that 2h Lower BB tho... this thing has a bad habit of eventually running from one to the other once it breaks that 21/50ma zone....

Current candle closes at 3pm CST.

((TP moved lower to 2580 and tightened the trailer up some... just in case))
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FUBAR...
  • #73,577
  • Mar 10, 2009 11:16am Mar 10, 2009 11:16am
Quoting SunTrader
If there is a trader who has never blown an account then they are a trader who has never blown an account - yet!!
I've never but I've had many losing trades.

My biggest fault was (and I'm telling this to help others) I'd make great trades and make tons of pips (money in stocks) then I would get into the comfort zone of taking risky trades and lose it all. After that I'd start being more careful again and make it back again and lose it again.

As soon as I stopped that kind of mind set I became a better trader and kept those hard earned pips to my self.
  • #73,578
  • Mar 10, 2009 11:17am Mar 10, 2009 11:17am
The pound just fell off the chart.

It's missing.

m
  • #73,579
  • Mar 10, 2009 11:18am Mar 10, 2009 11:18am
Quoting F.x.
Well I was just about to post that I'm still waiting for a better entry for a long when we just dropped some more... Getting tempting, but I'm not going to make any major play just yet.
you could get in now because even with the further plunge you could be in profit with first rebound! so your second trade have to close with profit beating the first position. Safe hedge I think.
  • #73,580
  • Mar 10, 2009 11:18am Mar 10, 2009 11:18am
Quoting F.x.
Well I was just about to post that I'm still waiting for a better entry for a long when we just dropped some more... Getting tempting, but I'm not going to make any major play just yet.
Don't rush - let it settle then decide!
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