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  • #10,321
  • Mar 31, 2009 9:26am Mar 31, 2009 9:26am
Quoting Shermenator
I like that level ....odds are I will be looking to partcipate around it
If Euro can reach the level of 1.3416 most likely the chf will break the support at 1.1340
  • #10,322
  • Mar 31, 2009 9:43am Mar 31, 2009 9:43am
Quoting c49
You consider this level used and abused ? If I look at a 1hr its already the third or fourth time its testing this level now.
Am I on the right way.?
Not quite: if you look at M15 timeframe, the level has just been hit, and we're looking for good spacing between each and every touch
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1st step stop loss in the green 2nd step play with the free money
  • #10,323
  • Mar 31, 2009 9:56am Mar 31, 2009 9:56am
Quoting c49
If Euro can reach the level of 1.3416 most likely the chf will break the support at 1.1340

Yep just keep in mind the area the eurusd is at ....but defently when price reaches that area look position yourself in the eurusd...I tend to not care about the usdchf since it only really works when the eurusd is at good support and resistance...

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  • #10,324
  • Mar 31, 2009 10:04am Mar 31, 2009 10:04am
Quoting LeveragedJoe
Not quite: if you look at M15 timeframe, the level has just been hit, and we're looking for good spacing between each and every touch
Well spacing looks good , so one could have considered a short play. After all should we not take the first retest if spacing is allright.
Btw if the level will hold we could see the making of a reverse H&S.
  • #10,325
  • Mar 31, 2009 10:16am Mar 31, 2009 10:16am
Quoting RedCabbage
CAD has made 80 pips on the oil price drop.

I'm still In AUDJPY short as it still looks good from a 4hr and Daily chart

GMT 4hr close saw a USDJPY rally which took my AUDJPY with it and hit my stop.

AUDUSD and EURUSD were the best 4hr set ups at midday GMT.
  • #10,326
  • Mar 31, 2009 11:01am Mar 31, 2009 11:01am
Quoting Siam
I look a lot at the weekly for most of my entries these days. This level just seems to stick out especially as it broke and now seems to be making a pull back to it.

Good luck with your trade anyhow
Quality pick on that level Siam. I've always started at daily charts but will note to start at weekly to see what levels may be standing out before moving down to the daily & 4hr.
  • #10,327
  • Mar 31, 2009 11:05am Mar 31, 2009 11:05am
Quoting c49
No Brainer Sell area ?
I think so. Have line at 1.3410 draw on my chart. I also took AUDUSD few minutes before at 0.6950 i'm alread in profit over 20 pips and SL at BE.
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  • #10,328
  • Edited 1:44pm Mar 31, 2009 12:59pm | Edited 1:44pm
Quoting Ferrari
I am an avid follower of the commitments of traders data.
Do you use the Chicago Mercantile Exchange?
Edit: Nevermind, I found this out with a little further digging!
And for Shermen, Where can I find the S&P graphs?
  • #10,329
  • Mar 31, 2009 7:08pm Mar 31, 2009 7:08pm
Bought JPY @ 98.435 and rode it for 2 minutes to 98.65. Took 22 pips in two minutes on a heavy in. I am very happy.


  • #10,330
  • Mar 31, 2009 7:13pm Mar 31, 2009 7:13pm
Hi guys. Well that was the quickest 100 pips I have ever made. usdjpy, got in just at the right time, and out too. I am not totally convinced it will go down far as it certainly jumped straight back up. Having it it well first time I am now going to let it drop down to 97.19 and buy unless something changes my mind with all other charts. I think it is a reflex action that happened and now it may slow. I will not touch this again unless it comes way back up, or way down. Will look at other things.
  • #10,331
  • Mar 31, 2009 7:17pm Mar 31, 2009 7:17pm
Quoting Tori
Hi guys. Well that was the quickest 100 pips I have ever made. usdjpy, got in just at the right time, and out too. I am not totally convinced it will go down far as it certainly jumped straight back up. Having it it well first time I am now going to let it drop down to 97.19 and buy unless something changes my mind with all other charts. I think it is a reflex action that happened and now it may slow. I will not touch this again unless it comes way back up, or way down. Will look at other things.
I agree, I have been living on the edge a little bit with my JPY trades, but I have been very quick in my trades. I might avoid the JPY until I see it go towards heavy resistance/support lines, everything is getting trashed.
  • #10,332
  • Mar 31, 2009 7:29pm Mar 31, 2009 7:29pm
Personally, I would not trade anymore in the asian session today. There is rumour going about which has caused this reaction and because it is a light session it makes everything go haywire. I dont believe S/R will hold up as I would like in this session today, and I dont trade well otherwise. The aussie and nzd have been hit, and the usdcad took way off. I think it is a time to sit back and wait, perhaps till London today.
  • #10,333
  • Mar 31, 2009 7:32pm Mar 31, 2009 7:32pm
Morning,

Ive decided to close my Eur trade. Its sitting at a big balance point in the channel, and it's all looking a bit MESSY. Now the choice I have is should 1.3100 go then I'll position mysef for the ride down, orders in.

13333 breaks i'll leave this alone too much above for sure.
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  • #10,334
  • Mar 31, 2009 7:32pm Mar 31, 2009 7:32pm
Now that charts have changed dramatically with aussie and nz especially, it is a good time to pull up daily, 4hr ect and go through them and look at next solid levels and make plans. That is what I will be doing today
  • #10,335
  • Mar 31, 2009 11:07pm Mar 31, 2009 11:07pm
All pairs look like crap right now. No clear short term boundaries are being set. Is anyone else seeing anything I am not?
  • #10,336
  • Apr 1, 2009 12:24am Apr 1, 2009 12:24am
Taking long nzd/usd for a few pips, off of 5548 support level. I entered at 5546.
  • #10,337
  • Apr 1, 2009 12:26am Apr 1, 2009 12:26am
Quoting logiktrader
Taking long nzd/usd for a few pips, off of 5548 support level. I entered at 5546.
I believe, since it is the last day of the month that the big movers have settled their accounts. (whatever that means).
  • #10,338
  • Apr 1, 2009 12:30am Apr 1, 2009 12:30am
Quoting Lou
I believe, since it is the last day of the month that the big movers have settled their accounts. (whatever that means).

It makes me want to change my avatar
  • #10,339
  • Apr 1, 2009 12:33am Apr 1, 2009 12:33am
Took my 5 pips and ran.

  • #10,340
  • Apr 1, 2009 12:35am Apr 1, 2009 12:35am
Quoting logiktrader
All pairs look like crap right now. No clear short term boundaries are being set. Is anyone else seeing anything I am not?
I think you are seeing it clearly It's pretty random to me at the mo.
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