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  • #10,581
  • Apr 6, 2009 5:59am Apr 6, 2009 5:59am
any thoughts on the EUR/CHF?
  • #10,582
  • Apr 6, 2009 6:04am Apr 6, 2009 6:04am
So this is what I have to do now having gotten out of my eurjpy trade for 70 pips. It is in the middle of nowhere. I feel it it a better buy than sell, so I will take a buy at previous target 134.45. I also still feel usdcad will come back up near that 395 area and will take a sell there. I guess I have to be happy with the pips, and be patient knowing no charts are at my lines yet. So I will sign off and listen to others ideas while I wait.
  • #10,583
  • Apr 6, 2009 6:06am Apr 6, 2009 6:06am
My take on the cad

Attached Image (click to enlarge)
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  • #10,584
  • Apr 6, 2009 6:16am Apr 6, 2009 6:16am
Now stopped at break even.
  • #10,585
  • Apr 6, 2009 6:24am Apr 6, 2009 6:24am
I am in buy eurjpy and sell usdcad. both in profit. both based on 5 min chart and what I see on usdjpy. eurjpy stopped decent at level of gap and usdcad came up to same level a little earlier and turned on 5 min. Not big profit yet but going right way none the less. I might have a line where I want to take trade from, but have to interpret what all charts are doing and take the trades on offer.
  • #10,586
  • Apr 6, 2009 6:32am Apr 6, 2009 6:32am
Quoting Tori
I am in buy eurjpy and sell usdcad. both in profit. both based on 5 min chart and what I see on usdjpy. eurjpy stopped decent at level of gap and usdcad came up to same level a little earlier and turned on 5 min. Not big profit yet but going right way none the less. I might have a line where I want to take trade from, but have to interpret what all charts are doing and take the trades on offer.



your trading the 5 min?
  • #10,587
  • Apr 6, 2009 6:39am Apr 6, 2009 6:39am
Quoting Tori
I am in buy eurjpy and sell usdcad. both in profit. both based on 5 min chart and what I see on usdjpy. eurjpy stopped decent at level of gap and usdcad came up to same level a little earlier and turned on 5 min. Not big profit yet but going right way none the less. I might have a line where I want to take trade from, but have to interpret what all charts are doing and take the trades on offer.
No offense but what is the purpose of your posts in this thread ??
  • #10,588
  • Apr 6, 2009 7:16am Apr 6, 2009 7:16am
Quoting pipmyride
No offense but what is the purpose of your posts in this thread ??
No offense, but what is the purpose of a question like that?
  • #10,589
  • Apr 6, 2009 7:35am Apr 6, 2009 7:35am
Quoting hottrodd87
your trading the 5 min?
Sorry, wasnt on here for a while. I am not trading the 5 min chart. I only look at the 5 min chart before taking a trade to help with entry. My trade is just hanging around going nowhere. still okay, and still not concerned about it, but moving slowly and a good example of not being patient enough to wait for a really strong line. The 5 min chart is always good to look at to see what happens especially if other charts look like turning too. I then just go back to usually an hourly chart.
  • #10,590
  • Apr 6, 2009 7:43am Apr 6, 2009 7:43am
Quoting Tori
Sorry, wasnt on here for a while. I am not trading the 5 min chart. I only look at the 5 min chart before taking a trade to help with entry. My trade is just hanging around going nowhere. still okay, and still not concerned about it, but moving slowly and a good example of not being patient enough to wait for a really strong line. The 5 min chart is always good to look at to see what happens especially if other charts look like turning too. I then just go back to usually an hourly chart.

I would agree. Several of my points are just hanging right now watching the 5/15/30 for entry.
  • #10,591
  • Apr 6, 2009 7:43am Apr 6, 2009 7:43am
This is my gbpusd chart and what I am waiting for. Wont happen soon enough for me though because it is getting late.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 16 KB
  • #10,592
  • Apr 6, 2009 7:48am Apr 6, 2009 7:48am
looks to me a short position on the one hour is here
  • #10,593
  • Apr 6, 2009 7:53am Apr 6, 2009 7:53am
Quoting hottrodd87
looks to me a short position on the one hour is here
I am waiting on the 741 line for a buy if all else looks fine. I would check other charts and my 5 min chart and make sure it doesnt go through.
  • #10,594
  • Apr 6, 2009 7:55am Apr 6, 2009 7:55am
I somehow dont think it will fall that far because everything is so slow. If it turns back up from here I would not want it. So perhaps it is not a trade at all and something else might be better.
  • #10,595
  • Apr 6, 2009 8:01am Apr 6, 2009 8:01am
Quoting Tori
I somehow dont think it will fall that far because everything is so slow. If it turns back up from here I would not want it. So perhaps it is not a trade at all and something else might be better.
It is struggling.

441 is a great level but there's a 4hr support at 778, a TL and Fib23 (14760) propping it up at at the moment.

My ideal would have been 14760 which is the back of my target range +15, but I would have liked to have seen it arrive at this price without getting hung up though.
  • #10,596
  • Apr 6, 2009 8:10am Apr 6, 2009 8:10am
I took the buy at 753. based on 5 min chart. In profit so if it looks like stalling will just pull the plug
  • #10,597
  • Apr 6, 2009 8:32am Apr 6, 2009 8:32am
Quoting Tori
I took the buy at 753. based on 5 min chart. In profit so if it looks like stalling will just pull the plug
The 30min candle closed at support which is encouraging, if the 1hr does the same then it could well hold. Otherwise we could see 14645 next.
  • #10,598
  • Apr 6, 2009 9:17am Apr 6, 2009 9:17am
GBPUSD I stayed in this trade with a little larger stop than normal for a handful of reasons, one being eurusd action. Really not moving enough so I am going to set my stop and profit and leave it on automatic and get some sleep. toodles
  • #10,599
  • Apr 6, 2009 9:25am Apr 6, 2009 9:25am
Quoting Tori
GBPUSD I stayed in this trade with a little larger stop than normal for a handful of reasons, one being eurusd action. Really not moving enough so I am going to set my stop and profit and leave it on automatic and get some sleep. toodles
Good. Sensible place for a stop on this one is just below 14700 which it just missed by a whisker. You are right about EURUSD action, we were bound to get a reaction off yesterday's low conidering the wick it left behind. USDCHF is also at resistance so everything is setting up for a bit of dollar weakness.
  • #10,600
  • Edited 9:43am Apr 6, 2009 9:38am | Edited 9:43am
GBP/USD is still wanting to go down... I think I found some support at 1.4645. If that is a good level (Someone confirm for me??? ) I would hopefully expect a bounce... cant be that many sellers left.
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BlackCow