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EURUSD

  • #93,381
  • May 7, 2009 3:07am May 7, 2009 3:07am
Quoting TheFisherman
Mind you all,

EURUSD looks bearish on all TFs but especially on Daily and H4 here it looks VERY bearish. I don't wanna make predictions just pointing out the double top on daily (upward and downward candles same height) and the "half moon" on H4 (can't remember the name) also a very bearish config.

Last night I went to bed thinking I'm gonna look for a nice spot to short today but now I'm starting to think there ain't gona be one. Have some SELL STOPS just below 3245.

Anybody agrees or I am an idiot?
Can you post a chart pointing out these things you're mentioning such as the double top on daily and "half moon" on H4? It would help us to see what you're looking at. Or even if you just post the dates/prices for these things.
  • #93,382
  • May 7, 2009 3:12am May 7, 2009 3:12am
I am short @ 1.3315
  • #93,383
  • May 7, 2009 3:12am May 7, 2009 3:12am
Quoting F.x.
Can you post a chart pointing out these things you're mentioning such as the double top on daily and "half moon" on H4? It would help us to see what you're looking at. Or even if you just post the dates/prices for these things.
"half moon"? Does that have anything to do with one buttock?
  • #93,384
  • May 7, 2009 3:16am May 7, 2009 3:16am
Quoting F.x.
Can you post a chart pointing out these things you're mentioning such as the double top on daily and "half moon" on H4? It would help us to see what you're looking at. Or even if you just post the dates/prices for these things.
Here you go.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eud1.jpg Size: 84 KB
Click to Enlarge Name: euM5.JPG Size: 64 KB
Attached Image
  • #93,385
  • May 7, 2009 3:17am May 7, 2009 3:17am
Quoting notch
I'm surprised nobody has mentioned the breach of the H&S on the 5 and 15.
There on the 4 hr chart also. I also closed an overnight long this morning as I saw the probable to take out my overnight stop. Took a small loss.
The short looking patterns means many may get trapped. Until the 4 hour says we are broken to the downside firmly I am counting on a surprise today.
  • #93,386
  • May 7, 2009 3:19am May 7, 2009 3:19am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting TheFisherman
Here you go.
On daily notice all that volume on the doji yesterday. Smaller spread than the previous bar too and it's @ nearing support. Def conflicting signals....can make a case for bulls and bears IMO. Looking at that 4 hr chart I see HH's and HL's.
"Wishful thinking dies hard." Igor T.
  • #93,387
  • May 7, 2009 3:19am May 7, 2009 3:19am
Quoting Atlast
There on the 4 hr chart also. I also closed an overnight long this morning as I saw the probable to take out my overnight stop. Took a small loss.
The short looking patterns means many may get trapped. Until the 4 hour says we are broken to the downside firmly I am counting on a surprise today.
Gone long at 1.3267. H&S breach 1min chart.
  • #93,388
  • May 7, 2009 3:23am May 7, 2009 3:23am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting notch
Gone long at 1.3267. H&S breach 1min chart.
Personally, I'm waiting to long @ 3226 levels....but it's a pain waiting.
"Wishful thinking dies hard." Igor T.
  • #93,389
  • May 7, 2009 3:25am May 7, 2009 3:25am
Short ahead of it.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,390
  • May 7, 2009 3:26am May 7, 2009 3:26am
Quoting notch
Gone long at 1.3267. H&S breach 1min chart.
, trading off the 1 min. True scalping
  • #93,391
  • May 7, 2009 3:27am May 7, 2009 3:27am
thats how you do it, shorten your investment horizon, and make your money faster than the position/swing traders.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,392
  • May 7, 2009 3:27am May 7, 2009 3:27am
Short at 1.3282
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,393
  • May 7, 2009 3:28am May 7, 2009 3:28am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting FXCapitalist
Short ahead of it.
Hey bud....Good to see you're still around. You've been MIA...lol. Anyways seems a little too low for me to open a new short.
"Wishful thinking dies hard." Igor T.
  • #93,394
  • May 7, 2009 3:28am May 7, 2009 3:28am
I wonder if Citi and DB are hanging out.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,395
  • May 7, 2009 3:29am May 7, 2009 3:29am
Chi you've been MIA, anyways I trade mostly derivatives now. Minimal on the FX. But all is good.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,396
  • May 7, 2009 3:30am May 7, 2009 3:30am
seriously, do any of you think this pair is gonna rally with the forecasted ecb cut? it will spike around then the banks will sell off you know the deal.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,397
  • May 7, 2009 3:31am May 7, 2009 3:31am
Went long at 1.3275 considering the down move to be a false attempt to break out of the upward channel. If I'm correct, we should see the day high next and not another low. Cheers.

Here's my first chart in here
Attached Image
  • #93,398
  • May 7, 2009 3:32am May 7, 2009 3:32am
Nah. Tank. Watch.
"Diversification is an excuse for a lack of talent" ~FXC
  • #93,399
  • May 7, 2009 3:33am May 7, 2009 3:33am
how many hours do u spend on trading, and how many trade do u take perday? thanks...
  • #93,400
  • May 7, 2009 3:35am May 7, 2009 3:35am
Quoting Atlast
, trading off the 1 min. True scalping
Well I was in bed last night thinking. I'm in front of the PC for 12 hours a day min watching my position oscilliate from profit into loss and back again. It doesn't make any sense to wait for a 100 pip move whe I could have had 15 trades averaging 6 pips each. I only have a spread of 1 pip on the EURUSD its a no-brainer.
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