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  • #80,561
  • Mar 27, 2009 4:18am Mar 27, 2009 4:18am
i went long 1.358 tagetting new highs but hedged it because of the 4h evening star and a break threw a double low on 15m at 1.352

well im out of thoughts right now, see it can go both ways, but would like to hear your opinion on this.

edit: had my numbers wrong, correct now
  • #80,562
  • Mar 27, 2009 4:18am Mar 27, 2009 4:18am
nothing happening now we got news in 13 that should at least give it a pulse. it not its beddy time 4 me.

oops it does have a pulse.. a little prenews down movement..
those who can, do. those who cant, talk about those who can
  • #80,563
  • Mar 27, 2009 4:19am Mar 27, 2009 4:19am
Quoting 99vt66
price looks to be in danger of slipping from those slippery high bar if it does not haul itself back above 13560 soon.... staying away from today trade looks like a good proposition..
Just when I said it, the bulls have lost it grips and heading south again... remember the entry rule...

gl and trade well......
  • #80,564
  • Mar 27, 2009 4:22am Mar 27, 2009 4:22am
Quoting Titus
i went long 1.58 tagetting new highs but hedged it because of the 4h evening star and a break threw a double low on 15m at 1.52

well im out of thoughts right now, see it can go both ways, but would like to hear your opinion on this.
im assuming you mean 1.358 and 1.352 which is a total of 60 pips. My recommendation...if you honestly have no idea what to do next or where we may be headed...close both positions and stay flat until things make sense again...start the weekend early or something and relax. One final question regarding this which I fear the most.....what % drawdown of your account is 60pips?....for me 60 pips is like 4%...alot more then most are willing to take but it works for me. if for you it is higher then lets say 10%...then i will reconsider my answer to the situation.
Different opinions highly valued, ignorant to slander.
  • #80,565
  • Mar 27, 2009 4:24am Mar 27, 2009 4:24am
DX Daily and Weekly Charts...

The low of Last week continues to hold. Only a break below last week's low will make DX bearish.

On the Daily Chart we got a bullish candle yesterday. Signifying that the bulls are not ready to let go just yet. Could see higher DX today.
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  • #80,566
  • Mar 27, 2009 4:24am Mar 27, 2009 4:24am
Quoting psiholog
depends how you interpret things really. you view pa as comatose. i view pa as the calm before the storm. cant really walk away when i should because i know a massive move is going to come..just not sure when. but then again if i was frustrated or mad...i wouldnt know how to play the storm that is about to come as i would be overrun by emotions. i highly recommend either A) finding that calm state of mind or B)walk away from Forex until things get moving again or you reach step A

Don't get me wrong - you are preaching to the choir - I was just being facetious.

Pip what you see; See what you pip!
  • #80,567
  • Mar 27, 2009 4:31am Mar 27, 2009 4:31am
EUR-USD made an inside bearish candle yesterday. We are still in consolidation. A break on yesterday's candle to the downside will bring in bears and we can see prices fall rapidly.
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  • #80,568
  • Mar 27, 2009 4:32am Mar 27, 2009 4:32am
what the f just happened to the eu????? anybody have a news feed?
  • #80,569
  • Mar 27, 2009 4:33am Mar 27, 2009 4:33am
Yeah I got out at 1.3500, it's hitting resistance at L3 now, I'm looking for S1.
  • #80,570
  • Mar 27, 2009 4:33am Mar 27, 2009 4:33am
Quoting SeerEye

Don't get me wrong - you are preaching to the choir - I was just being facetious.

gotcha

on another note....here comes that 1.3425 into play again possibly. We break that....1.3100 today?...would be quite something. First step...see if 1.3515 becomes resistance again

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Different opinions highly valued, ignorant to slander.
  • #80,571
  • Mar 27, 2009 4:39am Mar 27, 2009 4:39am
if we bust through 80 then 55 is next

we did it the 39 then 12 3376 30 3290 54 bump area in the road
those who can, do. those who cant, talk about those who can
  • #80,572
  • Mar 27, 2009 4:40am Mar 27, 2009 4:40am
Quoting psiholog
im assuming you mean 1.358 and 1.352 which is a total of 60 pips. My recommendation...if you honestly have no idea what to do next or where we may be headed...close both positions and stay flat until things make sense again...start the weekend early or something and relax. One final question regarding this which I fear the most.....what % drawdown of your account is 60pips?....for me 60 pips is like 4%...alot more then most are willing to take but it works for me. if for you it is higher then lets say 10%...then i will reconsider my answer to the...
honestly its about 8%... i alway take some bigger risks, because im really conservative by picking my trades. this time it sucks ..lol

im thinking of trading it to b/e and then enjoy weekend...market seems to move now

what are your current thoughts? btw thanks for your help and time, its very kind of you
  • #80,573
  • Mar 27, 2009 4:40am Mar 27, 2009 4:40am
Quoting psiholog
gotcha

on another note....here comes that 1.3425 into play again possibly. We break that....1.3100 today?...would be quite something. First step...see if 1.3515 becomes resistance again

Attachment
Thank you all for the help in waiting for my trade of the night. I'm out!
Pip what you see; See what you pip!
  • #80,574
  • Mar 27, 2009 4:41am Mar 27, 2009 4:41am
... is an area where price will probably huff & puff, in making it's mind up if it will go further down or go back up. I.M.H.O.
Good Trading. (keep it simple).
  • #80,575
  • Mar 27, 2009 4:45am Mar 27, 2009 4:45am
Quoting Jasper
... is an area where price will probably huff & puff, in making it's mind up if it will go further down or go back up. I.M.H.O.

know i said i was out but i was testing a new system which i will never use again but i think it will start rising again
  • #80,576
  • Mar 27, 2009 4:45am Mar 27, 2009 4:45am
Quoting psiholog
gotcha

on another note....here comes that 1.3425 into play again possibly. We break that....1.3100 today?...would be quite something. First step...see if 1.3515 becomes resistance again

Attachment
wooo and here we go! I would not look for 1.31 today; S3 is already 1.3321, and I doubt we'll see that today. Perhaps it will nick S2 @ 1.3407, but S3 is probably the lowest we'll see it today even with profit taking before the G20 (anyone remember when it was the G8???)
  • #80,577
  • Mar 27, 2009 4:48am Mar 27, 2009 4:48am
Quoting Titus
honestly its about 8%... i alway take some bigger risks, because im really conservative by picking my trades. this time it sucks ..lol

im thinking of trading it to b/e and then enjoy weekend...market seems to move now

what are your current thoughts? btw thanks for your help and time, its very kind of you
1.3515 and 1.3425 are the levels to watch in my opinion. they both have acted as strong support/resistance since we have been ranging at the high.

1.3515 if it is retested should act as strong resistance now.

1.3425 if tapped may act as support or we may just break through that level HARD. (last level of support at the high)

clearly my bias is still to the downside. you said 8%...i would still do what i said initially...cut your losses and just look for the next best entry. While it is quite a drawdown...it isnt something you cannot recover from. Its just hard to swallow that is all. And I highly highly recommend...no matter how good a trader you are...risk less per trade...there is no get rich quick scheme in forex...there is only patience and well calculated trades. Just my 2 cents and hope you get out of this the right way...
Different opinions highly valued, ignorant to slander.
  • #80,578
  • Mar 27, 2009 4:49am Mar 27, 2009 4:49am
this pair has a lot of pent up frustration.. and longs may start bailing in front g-20 meeting..lets see if the bears pile on..or the bulls reload
those who can, do. those who cant, talk about those who can
  • #80,579
  • Mar 27, 2009 4:49am Mar 27, 2009 4:49am
Bear seems facing a lot of resistance, I think it is profit taking time
  • #80,580
  • Mar 27, 2009 4:57am Mar 27, 2009 4:57am
below 3400 and we got a shot at 3330.. bottom of trendline.. im shure the bulls are lurking..were not low enough to stop them
those who can, do. those who cant, talk about those who can
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