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EURUSD

  • #90,941
  • Apr 29, 2009 11:15pm Apr 29, 2009 11:15pm
Quoting rahulw
can you please highlight how ? Shall i close these positions ?
Put stops @ 1.3345
Time goes you say? Ah, no! Time stays. We go...
  • #90,942
  • Apr 29, 2009 11:16pm Apr 29, 2009 11:16pm
Arrgggghh...

Glad I scaled out, cuz now I am out. Probably for the week.

Methinks it's gonna be real hinky what with all the current World Weirdness added into the usual end of month action.

Pay to play or watch for free... careful trades all.

Current candle close in a'rd 6 hrs at 8am EST. You can track the price action from the 3310 level on the screenshot and use your imagination.

The previous High on the doji before the current candle was 3338 and a Low of 3222 if it heads that way... anytime soon that is. I'm having my doubts.

Visualize Whirled Peas
Attached Image
FUBAR...
  • #90,943
  • Apr 29, 2009 11:16pm Apr 29, 2009 11:16pm
Quoting rahulw
can you please highlight how ? Shall i close these positions ?
Did you cover and reverse, if not move to lower timeframe and there will be an opportunity soon
  • #90,944
  • Apr 29, 2009 11:16pm Apr 29, 2009 11:16pm
  •  yxy
  • | Joined Jul 2008 | Status: just one pip at a time | 55 Posts
Quoting rip1999eternal
the moment draws near. I'm pretty much just waiting for price to reach 3315 to place my short. If you take a look on a 4 hour chart, it's easy to spot the wave like structure of the trend. price folded back below the previous high at around 12 (i made a good 75 pip scalp from that). Now i'm just waiting for it to rally back up before i re-enter again. any thoughts?
May I ask "how do you use your MA?". Do you use it to gauge a change in trend?
  • #90,945
  • Apr 29, 2009 11:17pm Apr 29, 2009 11:17pm
[AUST] Private sector credit disappointed again by nudging up by a mere 0.1% over March, weaker than market consensus on a 0.3% rise and after Feb's unexpectedly flat reading. Housing credit rose by another firm +0.6% on the month; but business credit once again proved a drag, to pull back by a further -0.6% after a -0.5% fall previously. Whilst housing credit has been on the improve in response to RBA's aggressive rate cuts to date and the Govt's first home buyers scheme; overall credit growth still remains subdued as the economy loses momentum. Business credit growth, though choppy, is on a weakening trend as more firms cut back on invt, and in turn credit. At the margin, we suspect the data is supportive of RBA cutting rates further.

[EUR/YEN] has soard from 124.34 (Apr 28) to 130.25 earlier. The nice looking uptrend would not be created accidentally, and it seems funds intentionally kept buying the Yen crosses to attract Mrs watanabe to sell more Yen. Economic fundamentals cannot change so rapidly, and European banks' bad debts ($1.43 trillion within global $4.1 trillion) and their bad debts disposal (only 14% of the US-EZ banks' total $740 billion) show EZ's economic recovery would delay (vs the US's). The pair held above the 90-days MA (124.52), is off the Ichimoku cloud (123.27-127.95 today), and is close to the 21-days MA (130.57).
those who can, do. those who cant, talk about those who can
  • #90,946
  • Apr 29, 2009 11:17pm Apr 29, 2009 11:17pm
Damn...she could go to 1.37xx before she going back down...praise the EUR
The trend is your friend and you is your enemy - MJ
  • #90,947
  • Apr 29, 2009 11:19pm Apr 29, 2009 11:19pm
Quoting david_akc
Yesterday previous high was 1.3339. Shouldn't this be an ideal place to short?
yeap. it is. i just didn't expect for it to climb back up there. i thought it was only gonna make it to 3320 at the most. this little itch i had kept me from shorting there though... so like i said, good thing i waited
  • #90,948
  • Apr 29, 2009 11:19pm Apr 29, 2009 11:19pm
the ej is kicking ass and taking names..
those who can, do. those who cant, talk about those who can
  • #90,949
  • Apr 29, 2009 11:19pm Apr 29, 2009 11:19pm
If anyone is in any doubt, that is all you need to know for today
  • #90,950
  • Apr 29, 2009 11:23pm Apr 29, 2009 11:23pm
there should be a correction of prices now
entire world knows this level
I SEE YOU !!
  • #90,951
  • Apr 29, 2009 11:25pm Apr 29, 2009 11:25pm
Quoting ak4x
fly2, i'm curious and would like to confirm something. do you have your close time for the pivots set to 5pm EST? and if not, then do you know what time they do calculate from?
I usually just do it on a pivot calc.I am using metatrader ans their chart time is 6:23 right now.I am EST at 2:23.So i'm not sure if this pivot indi is correct.Thats why I asked.So looks like GMT time.Not sure if I can change it .
  • #90,952
  • Apr 29, 2009 11:25pm Apr 29, 2009 11:25pm
Quoting Atlast
Did you cover and reverse, if not move to lower timeframe and there will be an opportunity soon
i did not do anything yet, i am feeling so timid


4641557 28/04/2009 6,512.00
USD 5,000.00
EUR 05/05/2009 1.3024 1.3400 1.3023 188.00
USD 1.3319 -147.50 USD



4643931 28/04/2009 13,162.00
USD 10,000.00
EUR 05/05/2009 1.3162 1.3400 1.3120 238.00
USD 1.3319 -157.00 USD
  • #90,953
  • Apr 29, 2009 11:26pm Apr 29, 2009 11:26pm
Quoting Atlast
If anyone is in any doubt, that is all you need to know for today
dont pre-pipulate..... the ass you save may be your own.
those who can, do. those who cant, talk about those who can
  • #90,954
  • Apr 29, 2009 11:27pm Apr 29, 2009 11:27pm
2hr... hammer long enough and something will break...

Current candle close at 4am EST.
Attached Image
FUBAR...
  • #90,955
  • Apr 29, 2009 11:28pm Apr 29, 2009 11:28pm
Quoting rahulw
can you please highlight how ? Shall i close these positions ?
Hi Rahulw,

dont panic just yet and i certainly wouldnt reverse form these levels!! If 3341 holds we could still come down a long way. Its in the hands of the equity markets now, unless they ease off today then we might go higher still. Hopefully traders will be singing sell in may and go away all day today for you. Good luck!
  • #90,956
  • Apr 29, 2009 11:30pm Apr 29, 2009 11:30pm
Quoting Atlast
If anyone is in any doubt, that is all you need to know for today
Atlas is right. If anyone was planning to short... it'd be a good idea to wait a bit... at least that's what i'm gonna do n see what happens.

Honestly a good entry signal for shorting would be if you use Heiken Ashi, just wait for a red candle on the 4hr chart... if it closes white, close the position. if it stays red, leave it open 'till you make a few hundred pips.

that's what i'ma do...
Attached Image (click to enlarge)
Click to Enlarge Name: euha.gif Size: 44 KB
  • #90,957
  • Apr 29, 2009 11:30pm Apr 29, 2009 11:30pm
Quoting rahulw
i did not do anything yet, i am feeling so timid


4641557 28/04/2009 6,512.00
USD 5,000.00
EUR 05/05/2009 1.3024 1.3400 1.3023 188.00
USD 1.3319 -147.50 USD



4643931 28/04/2009 13,162.00
USD 10,000.00
EUR 05/05/2009 1.3162 1.3400 1.3120 238.00
USD 1.3319 -157.00 USD
OK, OK, you didn't take the advice, if you had your fear would have gone and you would fell like a new day and in profit. All is not lost.
Move to lower timeframe, say 5 min. Look for most likely place for this current move to stall and consolidate. That is where you exit the first biggest losing position.
Now, as you see it move up (if it does). Close your second position and put in a buy for a low stake, then work the buy building up slowly. Tell me your time frame where you took those trades.
  • #90,958
  • Apr 29, 2009 11:31pm Apr 29, 2009 11:31pm
Just heard on Fox "news" that Taliban wants to take over nuclear weapons in Pakistan. That would promise some real fireworks.

How would the effect on EU be?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #90,959
  • Apr 29, 2009 11:31pm Apr 29, 2009 11:31pm
Quoting gatorinla
what indis are the blue and gold?

blue is 5 weighted moving average, and gold is 8 wma.
"i wake up in the morning, and i piss excellence"
  • #90,960
  • Apr 29, 2009 11:34pm Apr 29, 2009 11:34pm
Quoting Fly2
I usually just do it on a pivot calc.
No worries... you said "indi" so I thought you were using a pivot tool from within MT4. If you're caculating manually then all you need is accurate Daily HLC data from 5pm EST and you're all good. If I understood you correctly.

I did that for a LONG time myself on 3 pairs back when... wore me out so I just got Accucharts instead. Life is good now.

No worries tho, I was just curious as some folks are always looking for a good MT4 calculator that can be tweaked for the settings you want.
FUBAR...
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