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  • #92,561
  • May 5, 2009 5:01am May 5, 2009 5:01am
Quoting Galatasaray
dude. the original superman is dead. so u say we go down?
If Eu is superman then that 1hr pin is kryptonite!
  • #92,562
  • May 5, 2009 5:07am May 5, 2009 5:07am
Here is what the trendline trde would look like. On the seond break is where you made your profits. The TP area and SL clearly shown. Anyone reading that trendline forum would know I would have doubled in on the 2nd break, even though I didn't take the first break
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 05_05_2009 (5 Min)-trendline.jpg Size: 60 KB
  • #92,563
  • May 5, 2009 5:11am May 5, 2009 5:11am
Quoting dbfusion
what a nerve you have !!

its too risky to my taste
Yeah, I know. Made the same trade yesterday and lost, but this one had more going for it
  • #92,564
  • May 5, 2009 5:12am May 5, 2009 5:12am
Quoting Atlast
Here is what the trendline trde would look like. On the seond break is where you made your profits. The TP area and SL clearly shown. Anyone reading that trendline forum would know I would have doubled in on the 2nd break, even though I didn't take the first break
Can you please explain why you did not take the first break ?
  • #92,565
  • May 5, 2009 5:13am May 5, 2009 5:13am
Anyone else see market looking a little wek on lower time frame chart. A H&S formation apparent. If it breaks could set the trend for the day
  • #92,566
  • May 5, 2009 5:14am May 5, 2009 5:14am
Quoting Wlfx
Can you please explain why you did not take the first break ?
I am not trading off the 5 min chart and was waiting for a good probability reversal. Took the second one as it was a trendline break and I am always looking to double in when I am right.
  • #92,567
  • May 5, 2009 5:17am May 5, 2009 5:17am
Quoting Atlast
I am not trading off the 5 min chart and was waiting for a good probability reversal. Took the second one as it was a trendline break and I am always looking to double in when I am right.
Ok, Thanks.
  • #92,568
  • May 5, 2009 5:18am May 5, 2009 5:18am
Quoting Atlast
I am not trading off the 5 min chart and was waiting for a good probability reversal. Took the second one as it was a trendline break and I am always looking to double in when I am right.
sorry i am a bit sleepy what forum is this?
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #92,569
  • May 5, 2009 5:18am May 5, 2009 5:18am
Quoting Atlast
Anyone else see market looking a little wek on lower time frame chart. A H&S formation apparent. If it breaks could set the trend for the day
yes i agree and i do see it forming
  • #92,570
  • May 5, 2009 5:21am May 5, 2009 5:21am
Any pinbar traders could have a feast today. See the 1 hr. I am waiting for better confirmation
  • #92,571
  • May 5, 2009 5:32am May 5, 2009 5:32am
you guys are a little bit too into the H&S and other stuff like that, just relax and forget about that ... we aint into a noobish drawings contest ...the power behind forex aint drawing little characters on their screens and i think they aint even drawing any trendlines lower than daily but hey... i might be wrong and the world is a fair place for everybody to make a decent living if that person is decent ...
  • #92,572
  • May 5, 2009 5:32am May 5, 2009 5:32am
Hi can you send me on pvt. name of one broker who has usdx. eurx... if you know any?
  • #92,573
  • May 5, 2009 5:38am May 5, 2009 5:38am
Quoting Kaiowas
you guys are a little bit too into the H&S and other stuff like that, just relax and forget about that ... we aint into a noobish drawings contest ...the power behind forex aint drawing little characters on their screens and i think they aint even drawing any trendlines lower than daily but hey... i might be wrong and the world is a fair place for everybody to make a decent living if that person is decent ...
Sorry, have to disagree. I never used to pay attention to that, but I do now and it is one of the reliable patterns. If the recent one had broken it would have put me in a downtrend bias. As it is it didn't break so no bias for me to take a position at the moment.
  • #92,574
  • May 5, 2009 5:42am May 5, 2009 5:42am
Quoting Atlast
Sorry, have to disagree. I never used to pay attention to that, but I do now and it is one of the reliable patterns. If the recent one had broken it would have put me in a downtrend bias. As it is it didn't break so no bias for me to take a position at the moment.
clouds on the sky ... if it rains... you get wet, you need an umbrella... if it doesnt sun might come out ... else it might not but still no rain ... see the ideea? there aint one for you to control or predict ... it is just for you to jump in ... but it might rain 2 minutes and then sun out... now thats anotther one and you will just say: oh... H S gone wrong this time... bahhhh ...

too messy in my mind to make a clear speach on it )
  • #92,575
  • May 5, 2009 5:44am May 5, 2009 5:44am
I'm not trading a lot now because there is high risk... no good trend in any side...

but I reversed to long at 1.3340 since it could be a false breakout of the trendline it will be very conservative trade.
  • #92,576
  • May 5, 2009 6:02am May 5, 2009 6:02am
hmmm, also went long and am in the green. 4H chart shows possible take profit on fibonacci retracement at 161 which is also near R2 mark (near 1.3550). I suppose it all depends on the US announcement in 3 hours time. Either way I am smiling because I will still be in profit . 37 pips at present.
Make a difference, Just don't hurt anyone on the way up!
  • #92,577
  • May 5, 2009 6:19am May 5, 2009 6:19am
volatility is picking up and having a bit of a problem maintaining above 3400. Depending on what NY has to offer we might be looking at a new daily low in a few hours.
  • #92,578
  • May 5, 2009 6:28am May 5, 2009 6:28am
Quoting dysan4x
volatility is picking up and having a bit of a problem maintaining above 3400. Depending on what NY has to offer we might be looking at a new daily low in a few hours.
Yeah looking risky for longs they should cover at BE at very least at the moment stocks are turning round I dont think anyone else wants to buy at the top, guess we will have to wait for Bernanke see what hes got to say
  • #92,579
  • May 5, 2009 7:10am May 5, 2009 7:10am
Hi there,
Can anyone with more aknowledgment help me in my thoughts?
With the PPI of Europe going down (bad results) which means that prices are in deflation, isn't this a propeller for the BCE cut da rates and with that assist to a USD valorization?
Also the Bernanke speech, later in the afternoon, wouldn't help the USD too?
Any thoughts about this?
Thanks
  • #92,580
  • May 5, 2009 7:15am May 5, 2009 7:15am
Quoting Alado
Hi there,
Can anyone with more aknowledgment help me in my thoughts?
With the PPI of Europe going down (bad results) which means that prices are in deflation, isn't this a propeller for the BCE cut da rates and with that assist to a USD valorization?
Also the Bernanke speech, later in the afternoon, wouldn't help the USD too?
Any thoughts about this?
Thanks
I am not a news trader , I am technical trader.

for my not so long experience I don't recommend trading news times .

from my point of view about shorting , I don't see any reason to short now maybe at 3424 level might be ok to short with 20 pips SL but i don't just jump in once reached I check the momentum first
I SEE YOU !!
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