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EURUSD

  • #104,401
  • Jun 2, 2009 6:40am Jun 2, 2009 6:40am
It is not good to blame other countries for USD depreciation. Current USD $ depreciation is due to FED policies.

Quoting TIckerShuffl
China has already said USD ok as reserve....
BANDA333
  • #104,402
  • Jun 2, 2009 6:41am Jun 2, 2009 6:41am
Quoting gurangax
i have pending short at 1.4275.
Dont short this market. I got lucky yesterday / last night. But burned again this AM.
  • #104,403
  • Jun 2, 2009 6:41am Jun 2, 2009 6:41am
Quoting BoredToLoose
I lost several shorts from below 1.3700 area.

At 1.4070 I lost several shorts.
I never was waiting to see 1.4200 before 1.3200 again.

We can't win every time.

I am trying to see now where the hell this is going.
For now I have some new short entries from Monday at 1.4230 area.

Now I am only following High TF.
My new entries it is because a Monthly Gann Line.
About Weekly we can see 3 weeks including this one ranging with top at 1.4366 and bottom 1.3744.

This 1.4100 move to 1.4230 again is now
My strategy is only open shorts above 1.4230...

I applaude you for sharing. We all lose sometimes and it is part of the game. It isn't a p@~:ing contest. If you are making money consistently then it isn't a big deal to chat about the occassional loss. You must make money consistently!
  • #104,404
  • Jun 2, 2009 6:43am Jun 2, 2009 6:43am
Bummer

Quoting Nene
I am seeing the same thing. Daily bearish divergence forming but its not quite there yet.

Ne
  • #104,405
  • Jun 2, 2009 6:43am Jun 2, 2009 6:43am
Quoting gurangax
i have pending short at 1.4275.
my short executed at 1.4278 because of volatility. let see what happen from here
Gambling with PA
  • #104,406
  • Jun 2, 2009 6:44am Jun 2, 2009 6:44am
Quoting Alihuzaifa
dont go against ur system...
I already have by closing my positions! I have made good pips but my system has made twice as much profit! In fact the system has only had one losing day in the last 3 weeks.

This is a problem that I need to overcome.
  • #104,407
  • Jun 2, 2009 6:44am Jun 2, 2009 6:44am
Quoting eaglestar
Fibs trendlines channels s/r and now cycles and fib time.

here are some things i was looking at today on gu aj and eu template posted for your benefit look for shorts around 14245 and watch out for 2 on fib time

Zip file includes all templates of all pairs traded today. I hope this helps.

any feedback or constructive criticism please reach me by pm for questions

Sharing is caring

hyee eagle nice to meet you...i am also a naked trader(lol i mean on my charts).i really dont care much about gazilion indicators,i trust my eyes and R/S,pivot and fibs are my friends.news and chart patterns are add on...hehe enough said.
  • #104,408
  • Jun 2, 2009 6:44am Jun 2, 2009 6:44am
Quoting TIckerShuffl
Dont short this market. I got lucky yesterday / last night. But burned again this AM.
dont worry i'll be taking 10-20 pips only
Gambling with PA
  • #104,409
  • Jun 2, 2009 6:45am Jun 2, 2009 6:45am
Quoting notch
I applaude you for sharing. We all lose sometimes and it is part of the game. It isn't a p@~:ing contest. If you are making money consistently then it isn't a big deal to chat about the occassional loss. You must make money consistently!
It's a game of give and take, but with US currency swap fund, retail trading is very much against the smaller trader. I don't have access to US dollars in the case I need a couple hundred million to cover my FX losses, like Euro and japanese banks do.
  • #104,410
  • Jun 2, 2009 6:48am Jun 2, 2009 6:48am
the move over 1.4250 is basically the gate opening to only god knows where. [EDIT] The dollar index has really got no support below 78, and I don't know what to expect, I think it's time to let the FX market settle. When I start making money and giving it back on moves like these, that's a cool down indicator. thank goodness I closed those beefy shorts from yesterday this am near the lows, otherwise I would be looking at significant drawdowns.

I never thought the day would come where equity trading was easier and made more sense than FX. But these days, it's been a bit futile to try and trade FX, versus just short the dollar and sit back. Equity have been almost buy and hold, too, but there are other investmetn strategies to protect against downdrafts while maintaiing your core positions. I think the leverage in FX, is blessing and a curse, and in markets like this, more of a curse without many options to hedge yourself in volitile times.

GOod luck today folks, I rolled the dice for he day and walk away up 2 pips...lol
  • #104,411
  • Jun 2, 2009 6:48am Jun 2, 2009 6:48am
i will short at 1.4300 for 50 pips
Gambling with PA
  • #104,412
  • Jun 2, 2009 6:48am Jun 2, 2009 6:48am
Quoting TIckerShuffl
It's a game of give and take, but with US currency swap fund, retail trading is very much against the smaller trader. I don't have access to US dollars in the case I need a couple hundred million to cover my FX losses, like Euro and japanese banks do.

I agree, all I mean is that sharing information about losses should be as easy as sharing info about gained pips.
  • #104,413
  • Jun 2, 2009 6:48am Jun 2, 2009 6:48am
Quoting BANDA
hey friend thank you so much for your analysis. Actually my confidence now in scale of 1-10 is nearly Zero after huge losses lat month. I really admire and salute people like you for sharing and joining and giving input to lousy traders like me...........I wish you only only and always green pips........... way to go buddy .........!
check out nobrainertrades forum and website it now has chat also check out marketgeometry.com very helpful you will be making pips in no time! also this may help
http://www.mininova.org/feed/amor377/783594
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #104,414
  • Jun 2, 2009 6:50am Jun 2, 2009 6:50am
Quoting Alihuzaifa
dont go against ur system...

Secondary model. I use it as an indicator rather than trade it religiously (although I could as it is very profitable).
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  • #104,415
  • Jun 2, 2009 6:51am Jun 2, 2009 6:51am
Few % Margin and leave these trades for +500 pips.

I mean less than 0.5% of your account open a short or many but do not cross 0.8% of your account.

This is what I am doing now, for bigger trades do not enter yet.
Wait to see above 1.4333 if we get there!

We have Daily Divergence. This can go up but this week must do a correction.
Do not try to top this move, just enter shorts at these levels, for now only 1% enter the rest more pips above and turn off your computer.
  • #104,416
  • Jun 2, 2009 6:52am Jun 2, 2009 6:52am
well lets see if the upper channel line holds lol
  • #104,417
  • Jun 2, 2009 6:58am Jun 2, 2009 6:58am
Quoting notch
I agree, all I mean is that sharing information about losses should be as easy as sharing info about gained pips.
Oh yeah, I am not ashamed to post my losses. Trust me I have been trying to short this market for 2 weeks, but have limited my risk to gained capital from previous longs...it just won't go down enough so it's a game of treading water. The brilliance is in not making the mistake of laddering in and over exposing oneself to the point where you put your capital in jeopardy.

It's crazy, but I have to say, it's almost like banks have us trained to trade and certain way, because it seems they giveth and taketh with extreme precision.
  • #104,418
  • Jun 2, 2009 7:00am Jun 2, 2009 7:00am
i am still hoping for 4600.....650 by firday...or monday......this spike is purely goldman sachs boys....rite after 7 am briefing market stopped going down........ and it hasnt stopped going up yet
Trade the moves, not the market
  • #104,419
  • Jun 2, 2009 7:00am Jun 2, 2009 7:00am
look to short eu now on 5m for pull back to 23.6% fib
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #104,420
  • Jun 2, 2009 7:04am Jun 2, 2009 7:04am
Quoting notch
AtLast,
I'm flat but system still long and price has expanded! What will I tell my Mrs?
Don't tell her anything. Just buy her something. That should take care of it. Now, my wife is watching me trade a lttle today. She pointed to the graph and said, wow, it goes up and down a lot. Like me, and my account today
I may be taking tomorrow off. My bad day for a longggggg time.
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