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  • #120,601
  • Jul 10, 2009 9:42am Jul 10, 2009 9:42am
The reason why I say long is because the USD/CHF is showing signs of falling quickly and both heavy euro currencies EJ and EU shwoing that the Euro seems to be getting stronger.

I think there will be a heavy move as a buy if it is sideways action for the next hour/half and hour.

edit: actually scrap that moving averages are seperating from price so maybe it will carry on falling...Not a nice time to trade...
  • #120,602
  • Jul 10, 2009 9:43am Jul 10, 2009 9:43am
Quoting Nick35
my target
i like ure chart, i do not understand all of it but i have simular targets, 1. already reached, 2. one maybee next week.
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  • #120,603
  • Jul 10, 2009 9:44am Jul 10, 2009 9:44am
Quoting Kamikaze456
The reason why I say long is because the USD/CHF is showing signs of falling quickly and both heavy euro currencies EJ and EU shwoing that the Euro seems to be getting stronger.

I think there will be a heavy move as a buy if it is sideways action for the next hour/half and hour.

I'll confirm you with that, currently there's no talk about buyers other than middle eastern, but it can go down to 1.385 where a lot of buyers waiting there. The down movement as you can see bulls taking profit, so selling is not good time either. Stay aside. Better to put buy order at 1.385 TP 10-20 pips and go to sleep.
  • #120,604
  • Jul 10, 2009 9:45am Jul 10, 2009 9:45am
Hey guys I have a question, This may seem very elementary to you but I have never put in pending orders for trades before. I have always made my trades at the exact time i click the mouse button. Let me know if this is right, I want to put in a pending order at 1.4050 right now so the current price is 1.3933. Do I need to issue the sell limit or sell stop? Im sorry for my ignorance.

This trade will be a sell
  • #120,605
  • Jul 10, 2009 9:47am Jul 10, 2009 9:47am
As some of us suspected might happen, the US traders have initiated with a pump. Volume study shows highest volume at top, indicating a pump to gain better price area for shorting......(imho)

If true that buy orders sit around 1.3880, then the Thieves of Wall Street may be loading up shorts now, so they can follow up with a humongous torpedo.....let those buy orders close their shorts for some nice profit....and then another humongous torpedo, leaving all those that buy at 1.3800 holding the bag as the Thieves ram the price lower and lower.

Obviously not a one day plan, but.......
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  • #120,606
  • Jul 10, 2009 9:48am Jul 10, 2009 9:48am
Quoting Kamikaze456
Guys do you think going long at this level is stupid....?

I think price may retrace slightly...
Then wait for price to retrace slightly and don't hesitate.
  • #120,607
  • Jul 10, 2009 9:49am Jul 10, 2009 9:49am
Quoting Kamikaze456
The reason why I say long is because the USD/CHF is showing signs of falling quickly and both heavy euro currencies EJ and EU shwoing that the Euro seems to be getting stronger.

I think there will be a heavy move as a buy if it is sideways action for the next hour/half and hour.

edit: actually scrap that moving averages are seperating from price so maybe it will carry on falling...Not a nice time to trade...
Ver Good.
We'll Sell EUR/USD 1.3953- 1.3970 when USD/CHF will reach 1.0830 for Buy.
  • #120,608
  • Jul 10, 2009 9:49am Jul 10, 2009 9:49am
Quoting traderathome
As some of us suspected might happen, the US traders have initiated with a pump....
very much agree

high volume on initial price upthrust in a downtrending background with no follow thru = sellers
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #120,609
  • Jul 10, 2009 9:49am Jul 10, 2009 9:49am
Quoting bigcurl14
Hey guys I have a question, This may seem very elementary to you but I have never put in pending orders for trades before. I have always made my trades at the exact time i click the mouse button. Let me know if this is right, I want to put in a pending order at 1.4050 right now so the current price is 1.3933. Do I need to issue the sell limit or sell stop? Im sorry for my ignorance.
i dont know what broker u have, on oanda u simply klick the positon in the chart and select from the popup menue Limit Buy or Limit Sell and thats all
  • #120,610
  • Jul 10, 2009 9:50am Jul 10, 2009 9:50am
Quoting bigcurl14
Hey guys I have a question, This may seem very elementary to you but I have never put in pending orders for trades before. I have always made my trades at the exact time i click the mouse button. Let me know if this is right, I want to put in a pending order at 1.4050 right now so the current price is 1.3933. Do I need to issue the sell limit or sell stop? Im sorry for my ignorance.

This trade will be a sell

MT4 sell limit but in my broker it's sell stop where with my broker stop is price higher than current market price and limit is price lower than current market price. Damn confusing.
  • #120,611
  • Jul 10, 2009 9:52am Jul 10, 2009 9:52am
I am using my fxdd account, If anyone knows about how they issue there orders.
  • #120,612
  • Jul 10, 2009 9:52am Jul 10, 2009 9:52am
Not very high volume when testing similar highs on 15M chart...

My guess is either buyers are waiting or.....another sell blast will happen..

From my point of view I feel that another sell wave is maybe about to happen, due to the more volume of sell trades coming when even price is going up ...not sure though.

Maybe your right.essenza.. at 13,850 is a lvel which buyers will join the party....
  • #120,613
  • Jul 10, 2009 9:53am Jul 10, 2009 9:53am
Alright trade well everyone. I put buy order at 1.384 TP 20 pips. Hope it will go down more. Good night
  • #120,614
  • Jul 10, 2009 9:56am Jul 10, 2009 9:56am
Quoting djambazov84
very much agree

high volume on initial price upthrust in a downtrending background with no follow thru = sellers
Disagree, nice follow thru considering the backdrop.
  • #120,615
  • Jul 10, 2009 9:56am Jul 10, 2009 9:56am
Quoting essenza
Alright trade well everyone. I put buy order at 1.384 TP 20 pips. Hope it will go down more. Good night

Mate I think you've got it right...I reckon it will defo go up...but...when? is the question.there might be some heavy selling before it ahppens....maybe just put a buy Order to open at 13,965 in and hope for the best....

I reckon if it does not go up within next 4 hours it might happen after weekend... not exactly sure...
  • #120,616
  • Jul 10, 2009 9:57am Jul 10, 2009 9:57am
Quoting Kamikaze456
Not very high volume when testing similar highs on 15M chart...

My guess is either buyers are waiting or.....another sell blast will happen..

From my point of view I feel that another sell wave is maybe about to happen, due to the more volume of sell trades coming when even price is going up ...not sure though.

Maybe your right.essenza.. at 13,850 is a lvel which buyers will join the party....

if i'm you i'll trade this, sell order at 91.8 for UJ TP 20 pips

Very large stops rumored in USD/JPY below 91.80

Written by Jamie Coleman
July 10, 2009 at 13:18 GMT

The spike lows from Wednesday around 91.80 are now the line in the sand. Rumors of stop-loss sell orders as large as $2 bln are making the rounds. Margin calls are seen around that level as well. Earlier talk circulated that Kampo was a buyer around the 92.00 level. Some feel they take their marching orders from the Japanese Ministry of Finance…
  • #120,617
  • Jul 10, 2009 9:57am Jul 10, 2009 9:57am
Quoting traderathome
As some of us suspected might happen, the US traders have initiated with a pump. Volume study shows highest volume at top, indicating a pump to gain better price area for shorting......(imho)

If true that buy orders sit around 1.3880, then the Thieves of Wall Street may be loading up shorts now, so they can follow up with a humongous torpedo.....let those buy orders close their shorts for some nice profit....and then another humongous torpedo, leaving all those that buy at 1.3800 holding the bag as the Thieves ram the price lower and lower.

Obviously...
Good post thanks, puts it into perspective nicely. I'm taking shorts over 40, looking twords next week. Short storm is coming and I want to be part of it.
  • #120,618
  • Jul 10, 2009 9:57am Jul 10, 2009 9:57am
Quoting Kamikaze456
Not very high volume when testing similar highs on 15M chart...

My guess is either buyers are waiting or.....another sell blast will happen..

From my point of view I feel that another sell wave is maybe about to happen, due to the more volume of sell trades coming when even price is going up ...not sure though.

Maybe your right.essenza.. at 13,850 is a lvel which buyers will join the party....
No.
1.3800
  • #120,619
  • Jul 10, 2009 9:57am Jul 10, 2009 9:57am
Quoting bigcurl14
I am using my fxdd account, If anyone knows about how they issue there orders.
Try to set one of them if it doesn´t work, it's the other
  • #120,620
  • Edited 9:59am Jul 10, 2009 9:59am | Edited 9:59am
Quoting bigcurl14
I am using my fxdd account, If anyone knows about how they issue there orders.

not specific fxdd but this is how i know it to be...

Buy limit is buy at lower then current price
Buy stop limit is buy higher then current price (when you expect a break-out, and only want to buy above a certain level)

same for sell but reversed off course.
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