I hope you were covered in green.
Most times, the only "green" I'm covered in is the green from envy
Ez
Trade what you see NOT what you expect
- #11,461
- May 8, 2009 7:57am May 8, 2009 7:57am
Most times, the only "green" I'm covered in is the green from envy
Ez
- #11,462
- May 8, 2009 8:00am May 8, 2009 8:00am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Is anyone in a trade besides EZ????
I'm flat atm.
HOLLA
I'm flat atm.
HOLLA
- #11,463
- May 8, 2009 8:07am May 8, 2009 8:07am
- | Joined Mar 2009 | Status: Trader | 2,768 Posts
Hey Pippi, was that you who just caused the pound to take off?
- #11,465
- May 8, 2009 8:10am May 8, 2009 8:10am
- | Joined Mar 2009 | Status: Trader | 2,768 Posts
Is anyone in a trade besides EZ????
I'm flat atm.
HOLLA
- #11,467
- May 8, 2009 8:16am May 8, 2009 8:16am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Closed out that trade. I have to run out for a bit. See you all a little later.
HOLLA
- #11,468
- May 8, 2009 8:29am May 8, 2009 8:29am
Morning troops. The pound is getting near 1.5070, which is the 50% retracement of yesterday's price range. I'm guessing she'll stay near that area until NFP is released.
Cover thy ass if you're in the green.
That fib you were plotting, it's from the Daily range of the day before, I have seen a few people using this strategy. Would you be ever so kind as to expound on it's use ?
Is it an extra bit of confluence, and a "look for PA around this area" sort of thing ?
I see NFP numbers are up to their old tricks......revision from last months numbers bad, which make today's numbers look good.
HOLLA
http://meow.catsplz.com/cats/picture...-did-there.jpg
I was short but now im flat atm, anyone else looking for the 62ema and the .5050 level to use as a launch pad north ? (Cable)
- #11,469
- May 8, 2009 8:32am May 8, 2009 8:32am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Cisco,
That fib you were plotting, it's from the Daily range of the day before, I have seen a few people using this strategy. Would you be ever so kind as to expound on it's use ?
Is it an extra bit of confluence, and a "look for PA around this area" sort of thing ?
We know what they are up to though -
http://meow.catsplz.com/cats/picture...-did-there.jpg
I was short but now im flat atm, anyone else looking for the 62ema and the .5050 level to use as a launch pad north ? (Cable)
Want to see a hammer or a pin today.
HOLLA
- #11,471
- May 8, 2009 8:37am May 8, 2009 8:37am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Hi there, i'm new here.
Anyone looking for bounce off 1h 62ema?
I can't speak for everyone, but since it's Friday......I'm looking for high probablilty setups, plus I'm also looking at the EU and EJ.
HOLLA
- #11,473
- May 8, 2009 8:42am May 8, 2009 8:42am
but since it's Friday......I'm looking for high probablilty setups, plus I'm also looking at the EU and EJ.
I'll be looking for the price action to lead the way
EDIT - Hey puffy, welcome. [Jigsaw looks around at the leather couches in the thread] it sure is a nice place around here
- #11,474
- May 8, 2009 8:49am May 8, 2009 8:49am
Hi Turtle
Did you see the document I posted yesterday I have been playing correlations this week for example EU goes down EJ will go down as well, the other one to watch is GU goes down GJ will do the same it effectively means you can play multiple pairs without having to sit and watch all of them, one of the best trades I had yesterday was when I saw EU falling so I sold EJ
cheers David
I couldn't share an opinion at the time. However I love correlations.
I find that EURUSD and CHFUSD
And the triangle of the GBPJPY, EURJPY and USDJPY are awesome.
But I like to use index's a lot for correlations as well, When I see price action on different charts, especially if price action is occuring on the same *second pair* I try to do a bit of detective work on the Index's to see which is the weakest and which is the strongest.
Heres an example from yesterday where I was choosing between the EURJPY and GBPJPY
I just saw that GBP was forming a pinbar vs. all the other majors, so it was destined to go down, whereas EUR had an inside bar indicating indecision, so I shorted the GBPJPY.
Heres charts to explain a bit better.
Agreed,
I'll be looking for the price action to lead the way
EDIT - Hey puffy, welcome. [Jigsaw looks around at the leather couches in the thread] it sure is a nice place around here
Yes, it's a nice place here.
I created an account just because for this thread only.
EDIT : nice chart there jigsaw, learn something new today.
- #11,476
- May 8, 2009 8:57am May 8, 2009 8:57am
- | Joined Sep 2006 | Status: Trader | 2,228 Posts
Hi, my name is Barry and you can keep your doctor...
- #11,477
- May 8, 2009 8:57am May 8, 2009 8:57am
- | Joined May 2007 | Status: Trader | 4,716 Posts
As I am Irish and was asleep at the time you guys were talking last night (booo!)
However I love correlations.
I find that EURUSD and CHFUSD
And the triangle of the GBPJPY, EURJPY and USDJPY are awesome.
But I like to use index's a lot for correlations as well, When I see price action on different charts, especially if price action is occuring on the same *second pair* I try to do a bit of detective work on the Index's to see which is the weakest and which is the strongest.
Heres an example...
Where can I get those index charts from???
HOLLA
- #11,480
- May 8, 2009 9:04am May 8, 2009 9:04am
- | Joined Nov 2008 | Status: Trader | 2,548 Posts
As I am Irish and was asleep at the time you guys were talking last night (booo!)
However I love correlations.
I find that EURUSD and CHFUSD
And the triangle of the GBPJPY, EURJPY and USDJPY are awesome.
But I like to use index's a lot for correlations as well, When I see price action on different charts, especially if price action is occuring on the same *second pair* I try to do a bit of detective work on the Index's to see which is the weakest and which is the strongest.
Heres an example from...