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  • #73,601
  • Mar 10, 2009 1:42pm Mar 10, 2009 1:42pm
I always use patience to trade EUR/USD. Try this guys. Whenever the euro is 60-100 pips above or below daily pivot. that is the best time to start accumulating short or long orders as the case may be. This currency has a way to always come back to daily pivot. It is not rocket science.


Kingmaker
  • #73,602
  • Mar 10, 2009 1:43pm Mar 10, 2009 1:43pm
I was caught too!

I closed few seconds my first 3 lost longs!!
I still have won more than lost today!

I have now 3 longs average 1.2677!!
I will see next m30 candles to decide!

This time I was following my new H1 Chart, and we must learn that in forex moves are never the same, in equal circumstances.

The set up of that H1 was telling me that 1.2820 was not the top for next days. Now I am not so sure!!!

Sorry for all that followed me, but I have warned that I was playing longs only because my average.

I continue to see up move as more possible then a 1.2600 cross!
  • #73,603
  • Mar 10, 2009 1:44pm Mar 10, 2009 1:44pm
the dow is up 300points...not surprising given the bear market weve been in for the past few months...at least a dead cat bounce is in order. the eur/usd went up 200pips and just gave all of it back...not surprising either considering the "moods" eur/usd can throw at us...especially since now price is hanging above what i consider the only S/R level relevant today (1.2625).

WHat is surprising though is that the stock market is hanging high while the eur/usd is down low...anyone have a logic explanation as to why this "decoupling" happened today?
Different opinions highly valued, ignorant to slander.
  • #73,604
  • Mar 10, 2009 1:44pm Mar 10, 2009 1:44pm
Quoting ak4x

Post of the week, maybe the month, maybe the year, maybe...

Coffee all over the place... thanks mike.
Barely... but we've found it.
  • #73,605
  • Mar 10, 2009 1:45pm Mar 10, 2009 1:45pm
Quoting gatorinla
[MOODY'S] says that the pressure on emerging European nations needs to be [DIFFERENTIATED]. The ratings agency points out that they should not all be treated as if their creditworthiness were subject to uniform pressure. Moreover concerns surrounding how stable the Eurozone is are exaggerated. Moody's argues that the credit crisis is affecting all European governments to varying degrees, with the result that the ratings of some countries have come under stress because the crisis is revealing structural weaknesses. In some cases, imprudent financial...
Moody's should be the LEAST RESPECTED agency in the world. Anyone who listens to them has been very late in the game. Where was Mood'y last year when the $hit was hitting the fan around the world
  • #73,606
  • Mar 10, 2009 1:46pm Mar 10, 2009 1:46pm
Quoting kingmaker
It is not rocket science...
No, but it is simple, and that can be a big problem...
FUBAR...
  • #73,607
  • Mar 10, 2009 1:47pm Mar 10, 2009 1:47pm
It paid to wait... Average 1.26176, one of which I just closed.
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  • #73,608
  • Mar 10, 2009 1:48pm Mar 10, 2009 1:48pm
Quoting psiholog
WHat is surprising though is that the stock market is hanging high while the eur/usd is down low...anyone have a logic explanation as to why this "decoupling" happened today?
May be the uptick rule talk.
  • #73,609
  • Mar 10, 2009 1:53pm Mar 10, 2009 1:53pm
.... some M30 closing above 1.2663!!

If I do not see 1.2663 in next 5 candles or a close below 1.2628, I will dump my longs.
  • #73,610
  • Mar 10, 2009 1:53pm Mar 10, 2009 1:53pm

Well guys,
this is what was planned ... All long s are now stopped ... and how the game of football .. after the goal ... again puts the ball in the middle.
The graph shows the only area of fast trading, that is what we tested today. My idea is known .. I always think short, but I must say that a test at 2907 would be logical, as shown in the chart. This is already possible during the day of tomorrow, provided they do not lose the level of which I spoke a few days ago (2540).


EDIT: In the chart they are listed levels... that I consider important

Attached Image (click to enlarge)
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The best thing that can happen to you is to find out where you're wrong.
  • #73,611
  • Mar 10, 2009 1:54pm Mar 10, 2009 1:54pm
Quoting ak4x
Oooops....

Looks like that's not the only thing missing...
Now that's funny as hell.
  • #73,612
  • Mar 10, 2009 1:57pm Mar 10, 2009 1:57pm
third bounce to the pivot...
  • #73,613
  • Mar 10, 2009 1:57pm Mar 10, 2009 1:57pm
considering the daily candlestick (one long doji), equities up and eur/usd down to a very strong S/R level....my bias is slightly long now. However I am remaining flat until the end of the US session close...this last hour should be quite a ride...i wouldnt be surprised if we see 1.2775 either...heh. Watch and wait
Different opinions highly valued, ignorant to slander.
  • #73,614
  • Mar 10, 2009 1:57pm Mar 10, 2009 1:57pm
I was LONG today and up about 150 pips profit that I let evaporate rather than taking my profit when I should have. When the market opened up 200 pts I felt I'd let my pips ride because 1) trend was up 2) Dow/SP up big, 3) My daily MACD was above 0...

Lost all my 150 pips with a BreakEven stop Loss.

Just went LONG AGAIN at 2640. Will Add to Long at 2600. Stop loss at 2580 which is below my support trendline.
  • #73,615
  • Mar 10, 2009 1:59pm Mar 10, 2009 1:59pm
Quoting ak4x
TP at 2620 ((optimistic actually)) and trailer set on the remainder..
Altho I reset the TP for lower cuz of the unexpected power in that move, I did take another 10% off at that level leaving 10%

2580 is final TP and I have to step out. Trailer is up a'rd 680ish.

As low as this has just gone, if in fact a genuine shampoo forms, I would now expect it to take a while and on a much longer TF, 1-4 hrs minimum... watch your line style charts...

Cobra has posted some reasons for STRONG support at 2630ish, ((current price)) and that would bear watching if this holds.
http://www.forexfactory.com/showpost...&postcount=277

On the other hand if it fails... then Game On! Again.
FUBAR...
  • #73,616
  • Mar 10, 2009 2:03pm Mar 10, 2009 2:03pm
Big boys pushed wrong button

Lord shouting: James....!!!! James ...!!! ( James still silent )

Lord speaking :For the hell how many times I have to tell you, if I say long it means long !!!

Lord still speaking: How can you explain to me that you bought 400 milions for short ?

James very softly: I wanted to make some bucks for yesterday coffee with lady Isabel. Just only few...really...

Lord: Few bucks... hm.. ok, sell it. And buy it all for long. But now really for long. I will not tolerate your faults, and stop telling me that u made 3 milions, it is no matter. My word must be saint for you ? Understand ? !!!

James: hm..ok, sir, I am sorry...

Lord: Ok, here ...take this 100 and keep for yesterdays coffee.

Lord thinking: I really do no understand how come that idiot made 3 milions in half and hour...

Wish you a lot of great moments with those you love.
  • #73,617
  • Mar 10, 2009 2:07pm Mar 10, 2009 2:07pm
....with my money, not anymore!!
  • #73,618
  • Mar 10, 2009 2:14pm Mar 10, 2009 2:14pm
Quoting psiholog
Citibank at 99 cents...buy anyone..haha
I said that sarcastically a few hours before the us stock market opened. I just saw it is now at 1.43...whoa...apparently the bs they spoonfed us regarding earnings led this financial rally which spread through all sectors.
Different opinions highly valued, ignorant to slander.
  • #73,619
  • Mar 10, 2009 2:14pm Mar 10, 2009 2:14pm
"In a 21st century world where jobs can be shipped wherever there's an internet connection, where a child born in Dallas is competing with children in Delhi ... education is no longer just a pathway to opportunity and success, it is a prerequisite,"

This Obama guy knows whats up ;x I find it amusing how business people mouth him off for not being able to immediately fix what they screwed up in 8 years. You know where the monthly EUR trend started -> Bush got elected and that airplane incident happened ^^
  • #73,620
  • Edited 3:02pm Mar 10, 2009 2:19pm | Edited 3:02pm
Quoting nvcK
EUR trend started -> Bush got elected and that airplane incident happened ^^
May I ask what airplane accident?
nvck. Sorry I misread!!
Let Freedom Ring!
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