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  • #106,781
  • Jun 5, 2009 8:35am Jun 5, 2009 8:35am
Quoting Atlast
1.3967 could provide surprise. How long it lasts is anyone's guess.
I'm just priming myself for a long. I'll risk 10% of today's booty! But EU is about 30m away, GU about 10m and GY is about 5m from signal generation. I may not get a signal but I'm priming none the less.
  • #106,782
  • Jun 5, 2009 8:35am Jun 5, 2009 8:35am
Quoting TrooperCoope
I'm long at 1.39857, SL at BE... hoping this will be the bottom, at least for today.
Bleh out again...
  • #106,783
  • Jun 5, 2009 8:36am Jun 5, 2009 8:36am
two hours ago:

Quoting nikolaou
head and shoulders just completed on the 4 hr...

DOWN WE GO...SOME MORE


Told ya so.
  • #106,784
  • Jun 5, 2009 8:39am Jun 5, 2009 8:39am
Quoting TrooperCoope
Bleh out again...
think .3910-3920 would be better, damn H&S
Don't be a hero. Don't have an ego. Always question yourself
  • #106,785
  • Jun 5, 2009 8:40am Jun 5, 2009 8:40am
Quoting nikolaou
two hours ago:





Told ya so.

Well done!
  • #106,786
  • Jun 5, 2009 8:45am Jun 5, 2009 8:45am
Quoting notch
I'm just priming myself for a long. I'll risk 10% of today's booty! But EU is about 30m away, GU about 10m and GY is about 5m from signal generation. I may not get a signal but I'm priming none the less.
If I took it it would be a 4 pip SL, then 10 pips lower, same set-up. Anything could still happen, but with the euphoria nearly over it could be time for some bottoming formation.
  • #106,787
  • Jun 5, 2009 8:45am Jun 5, 2009 8:45am
In again at 1.39825, SL at BE... now push!
  • #106,788
  • Jun 5, 2009 8:49am Jun 5, 2009 8:49am
Quoting Atlast
If I took it it would be a 4 pip SL, then 10 pips lower, same set-up. Anything could still happen, but with the euphoria nearly over it could be time for some bottoming formation.

Now I only use a 35 pip sl but adjust the risk via the position size. I will only hold the EU for 50 pips as panel favours downside continuation. I could wait for the higher probability trade - a short signal after the upswing - but I think the risk is fair. If it is going to break lower it should happen before I receive a long signal.
  • #106,789
  • Jun 5, 2009 8:53am Jun 5, 2009 8:53am
Quoting gatorinla
out!!! looking for entry.. equitys are moving higher...might want to wait to enter short..
i hope you got in near 35.. in have my chart from yesterdays range untill spike.. it still works....i also added the spike using a fib.. seems to be working also... notice the spike down and where it stopped (3966 on chart).. then notice where it stopped on the retrace...(4038) looks like bearish flag on 30m to me but im not an expert on flags...i think is says it should almost a 300 pip move down.. but ask a guru on flag im a novice..
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those who can, do. those who cant, talk about those who can
  • #106,790
  • Jun 5, 2009 8:55am Jun 5, 2009 8:55am
excessive risk caused me 25% of my account this week darn
  • #106,791
  • Jun 5, 2009 8:56am Jun 5, 2009 8:56am
Quoting FX-Petra
I wish! The only "thing" I see is what is right there for all to see. A beautiful channel on the Daily Chart---which shows that we will see sub 1.35 if we go the the bottom. No way to know for sure. This outlook does coincide with my personal outlook (fundamental) that we will see dollar strength this summer on US economic weakness. All this "US is headed out of recession" stuff is a bunch of hokum.
Sorry its taken so long, but I'm in and out today.
You have a valid point. I on the other hand, still (and I will admit its up in the air) see the trend as unbroken
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  • #106,792
  • Jun 5, 2009 8:56am Jun 5, 2009 8:56am
Quoting gatorinla
i hope you got in near 35.. in have my chart from yesterdays range untill spike.. it still works....i also added the spike using a fib.. seems to be working also... notice the spike down and where it stopped (3966 on chart).. then notice where it stopped on the retrace...(4038) looks like bearish flag on 30m to me but im not an expert on flags...i think is says it should almost a 300 pip move down.. but ask a guru on flag im a novice..

Well my forecast low for the month is 1.3614 but I don't expect it to get there in one quick wave although it's possible.
  • #106,793
  • Jun 5, 2009 8:59am Jun 5, 2009 8:59am
Quoting trading801
excessive risk caused me 25% of my account this week darn

Tell the story my man...tell the story!
  • #106,794
  • Jun 5, 2009 9:01am Jun 5, 2009 9:01am
Quoting notch
Tell the story my man...tell the story!
LOL

simple.

correct trading system but excessive lot size plus insufficient SL

= Knock Out
  • #106,795
  • Jun 5, 2009 9:03am Jun 5, 2009 9:03am
Quoting notch
I could wait for the higher probability trade - a short signal after the upswing - but I think the risk is fair. If it is going to break lower it should happen before I receive a long signal.
I wouldn't be shorting until much higher up. It's entering my squeeze area. If it gets back into the downsloping track, it could be the 100 pip someone wants. A bit latish in the day, but who knows.
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  • #106,796
  • Edited 9:06am Jun 5, 2009 9:03am | Edited 9:06am
Quoting Atlast
If I took it it would be a 4 pip SL, then 10 pips lower, same set-up. Anything could still happen, but with the euphoria nearly over it could be time for some bottoming formation.
Pulled the trigger on GU.

Trigger pulled on the GJ
  • #106,797
  • Jun 5, 2009 9:05am Jun 5, 2009 9:05am
Quoting Atlast
I wouldn't be shorting until much higher up. It's entering my squeeze area. If it gets back into the downsloping track, it could be the 100 pip someone wants. A bit latish in the day, but who knows.
I'm already creaming the market but once I get to grips with those Pitchforks...wow...I'll be Pipingfabulous!
  • #106,798
  • Jun 5, 2009 9:06am Jun 5, 2009 9:06am
Quoting knuckledrag
Sorry its taken so long, but I'm in and out today.
You have a valid point. I on the other hand, still (and I will admit its up in the air) see the trend as unbroken
I think you are wrong... acording to my chart the trend is broken...
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  • #106,799
  • Jun 5, 2009 9:07am Jun 5, 2009 9:07am
Quoting notch
Well my forecast low for the month is 1.3614 but I don't expect it to get there in one quick wave although it's possible.
i got 3790 next stop on the short school bus... if its a real bear flag it should get us there..
those who can, do. those who cant, talk about those who can
  • #106,800
  • Jun 5, 2009 9:08am Jun 5, 2009 9:08am
Quoting Atlast
I wouldn't be shorting until much higher up. It's entering my squeeze area. If it gets back into the downsloping track, it could be the 100 pip someone wants. A bit latish in the day, but who knows.
I'm actually wavering towards the 'sudden surge up' for the EU.
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