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EURUSD

  • #74,921
  • Mar 12, 2009 6:43pm Mar 12, 2009 6:43pm
This is the problem to have several Charts!

I did not like to see Daily closed at these levels. Short point of view!

This can go to the next level around 1.3160 and I do not want to see that with shorts open.

But I liked to see the top at 1.2945, I have a weekly line resisting there, the problem is that the week has one more day

Time to decide what to do with my shorts.

one account average 1.2866, not Good
Other average 1.2940

Good night all, tomorrow will be a wild day!
  • #74,922
  • Mar 12, 2009 6:45pm Mar 12, 2009 6:45pm
Quoting BoredToLoose
This is the problem to have several Charts!

I did not like to see Daily closed at these levels. Short point of view!

This can go to the next level around 1.3160 and I do not want to see that with shorts open.

But I liked to see the top at 1.2945, I have a weekly line resisting there, the problem is that the week has one more day

Time to decide what to do with my shorts.

one account average 1.2866, not Good
Other average 1.2940

Good night all, tomorrow will be a wild day!
How long have you been holding these positions?
  • #74,923
  • Mar 12, 2009 6:48pm Mar 12, 2009 6:48pm
Short to at least 1.2800. Will close half of my position out at 1.2850, and let the rest ride down.

Euro session should see it test yesterday's high again.

Buy limit order at 1.2800 if PA agrees later.
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  • #74,924
  • Mar 12, 2009 6:49pm Mar 12, 2009 6:49pm
Quoting Doniboy
How long have you been holding these positions?
Why? just curiosity!
  • #74,925
  • Mar 12, 2009 6:52pm Mar 12, 2009 6:52pm
Quoting BoredToLoose
Why? just curiosity!
No offense or anything, I just like to get a feel for how people trade. I guess you have been in for a while to have those averages.
  • #74,926
  • Mar 12, 2009 6:55pm Mar 12, 2009 6:55pm
Quoting Doniboy
No offense or anything, I just like to get a feel for how people trade. I guess you have been in for a while to have those averages.
I have some shorts area 1.2830/40 others 1.2866/77 and one big at 1.2902 all open Yesterday Europe Time this in my principal account.
Other account I have several shorts 1.2838/42 area.
  • #74,927
  • Mar 12, 2009 6:58pm Mar 12, 2009 6:58pm
Quoting Turveyd
It's a interesting contrast between on this forum between GBPUSD and EURUSD trading style wise.

GBPUSD Thread is all Fib levels and other such BS.

EURUSD is all PA and common sense...

Gu = Fibs = BS
EU = PA = Common Sense
After I finally caught my breath...

That would make me more full of it than many here... I must be on the wrong thread again... Oh dear...
FUBAR...
  • #74,928
  • Mar 12, 2009 7:05pm Mar 12, 2009 7:05pm
Let's get direct to business, time to short JPY.

Let EU rest a bit
Traders are smartasses
  • #74,929
  • Mar 12, 2009 7:07pm Mar 12, 2009 7:07pm
BS Pivots on EU from 5pm ((Sorry.. still ))
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FUBAR...
  • #74,930
  • Mar 12, 2009 7:13pm Mar 12, 2009 7:13pm
You are naughty Ak
Traders are smartasses
  • #74,931
  • Mar 12, 2009 7:15pm Mar 12, 2009 7:15pm
Quoting BoredToLoose
I have some shorts area 1.2830/40 others 1.2866/77 and one big at 1.2902 all open Yesterday Europe Time this in my principal account.
Other account I have several shorts 1.2838/42 area.
Thanks...The only thing I don't understand, and maybe I am just not used to the lingo yet, is how you sold at 1.2902 yesterday when it didn't get that high yesterday...Am I misunderstanding something?
  • #74,932
  • Mar 12, 2009 7:19pm Mar 12, 2009 7:19pm
Quoting Doniboy
Thanks...The only thing I don't understand, and maybe I am just not used to the lingo yet, is how you sold at 1.2902 yesterday when it didn't get that high yesterday...Am I misunderstanding something?
I wrote the post 5 minutes to close the day!
  • #74,933
  • Mar 12, 2009 7:24pm Mar 12, 2009 7:24pm
I have no clue what EU is trying to do at the moment.
Closed big shorts from 1.2940 for 20 pip profit. I had expected to take profit @ 1.2850 for 90 pips, but I'll leave it at 20 pips.
Just don't trust it.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #74,934
  • Mar 12, 2009 7:35pm Mar 12, 2009 7:35pm
I'm expecting them to bring it up to a position in which to start shorting.

When it starts going down, I'd expect it to be pretty quick, so that it can be brought back up again later in the day to retest yesterday's high.

I'm still holding on to my shorts (1.2905), because I'm almost certain that it will retest back to daily pivot which is 1.2858 on my charts.

If it's going to continue in its current uptrend channel, there will have to be a retracement first.






Quoting KillerWhale
I have no clue what EU is trying to do at the moment.
Closed big shorts from 1.2940 for 20 pip profit. I had expected to take profit @ 1.2850 for 90 pips, but I'll leave it at 20 pips.
Just don't trust it.

Shamu
  • #74,935
  • Mar 12, 2009 7:36pm Mar 12, 2009 7:36pm
If current 1H bar closes below 1.2920, I'd expect the down move to happen pretty soon after that.
  • #74,936
  • Mar 12, 2009 7:40pm Mar 12, 2009 7:40pm
the pair is pretty crazy these days.. anyone agree?
  • #74,937
  • Mar 12, 2009 7:53pm Mar 12, 2009 7:53pm
Quoting trading801
the pair is pretty crazy these days.. anyone agree?
Today was pretty "different" indeed, one thing I noticed that made me go long all the way was right after the news on the swissy. While the swissy was going down the drain, the yuroo barely moved, BUT there was a lot of tick action...

That being said, most of the experienced traders know where the "pros" like to load their positions, these are usually done during news trades, where they can load their positions (in this case long) without themselves making the price going higher... well, to my observation today, that was what exactly happened in those 5 minutes after the swissy news, where the euro did not follow the usuall correlation with the usd/chf pair, while the swissy was drowning, all the bear action in the EU was being stopped by nice up ticks eating up several pips at once...

It was a cheap way to load a ton of longs.

My 2 cents... although i'm about 99% sure this was what happened..
Traders are smartasses
  • #74,938
  • Mar 12, 2009 8:00pm Mar 12, 2009 8:00pm
[quote=Spsantos;2600415]Today was pretty "different" indeed, one thing I noticed that made me go long all the way was right after the news on the swissy. While the swissy was going down the drain, the yuroo barely moved, BUT there was a lot of tick action...

That being said, most of the experienced traders know where the "pros" like to load their positions, these are usually done during news trades, where they can load their positions (in this case long) without themselves making the price going higher... well, to my observation today, that was what exactly happened in those 5 minutes after the swissy news, where the euro did not follow the usuall correlation with the usd/chf pair, while the swissy was drowning, all the bear action in the EU was being stopped by nice up ticks eating up several pips at once...

It was a cheap way to load a ton of longs.

good observation.. i wondered today and many times why a corolated pair didnt move in tandem.. what you said makes lots of sence. i thought euro strength.. but maybe you put your finger on why so strong..
those who can, do. those who cant, talk about those who can
  • #74,939
  • Mar 12, 2009 8:01pm Mar 12, 2009 8:01pm
Ahem! Hello!
Not all sins are created equal
  • #74,940
  • Mar 12, 2009 8:01pm Mar 12, 2009 8:01pm
Quoting Katalyst
If current 1H bar closes below 1.2920, I'd expect the down move to happen pretty soon after that.
Well, that didn't happen
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