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  • #120,641
  • Jul 10, 2009 8:31am Jul 10, 2009 8:31am
Quoting pipsbull
Hey, guys 'n gals.
I got eu bearish, what you think.
p.s. forming bear flag after 38.2 fibretr. Watch for break with the targets of 1,388 and 1,3835. Anyway, I'm short
here we go baby the 15min candle breaks out of the flag and ParSAR is above on same TF, just switched - down to go: SL-1,395,TP-1,384
  • #120,642
  • Jul 10, 2009 8:33am Jul 10, 2009 8:33am
Quoting forexxx123
1.3911 new Long.
Now Stops to Entry.
  • #120,643
  • Jul 10, 2009 8:35am Jul 10, 2009 8:35am
Quoting pipsbull
Hey, guys 'n gals.
I got eu bearish, what you think.
p.s. forming bear flag after 38.2 fibretr. Watch for break with the targets of 1,388 and 1,3835. Anyway, I'm short
In the long run i'm short on this pair, but I think that this range is going to hold up for a while, and if something comes out of it today I think its going to be bullish, but short lived. Best bet today might be selling rallies.
  • #120,644
  • Jul 10, 2009 8:38am Jul 10, 2009 8:38am
Quoting Kamikaze456
I'm on sell....
Close 1 pip made
  • #120,645
  • Jul 10, 2009 8:40am Jul 10, 2009 8:40am
Quoting stevefx
In the long run i'm short on this pair, but I think that this range is going to hold up for a while, and if something comes out of it today I think its going to be bullish, but short lived. Best bet today might be selling rallies.
yeah, mate. I don't have it bearishness on daily, yet. But on lower TF it did. Alas its friday, so I may close it before sl hit. Friday usually nuts.
  • #120,646
  • Jul 10, 2009 8:40am Jul 10, 2009 8:40am
Lot's of lines... only 3 Important ones.

1) The daily Pivot (Yellow)
2) The psych level (.3950 in our case) (Pink)
3) Former support (aqua)

I started to short at the psych level.

Scalping... small lots.

If it goes against me... so what... I'm out a few hundred bucks.

Friday's usually suck anyway and I've made my money this week so I'm always cautious...if they go against me...I close down my machine... head downstairs to kick the dogs and then back to bed.

I continued to scalp around the psych level until I made 20 (real PIPS) not scalping PIPS.

Once that was hit... done... later... nap time.

Again... I'm scalping with very small amounts relative to the account size.

Secondly... I had nice confluence around these three levels... it would be a lot for the bulls to overcome after the news and the move down.

One last thing... did you notice that bear candle shortly after 11:00? That was a EURO bank saying... I'm done for the day and closing his longs.

The market will often 'roll over' during this time for two reasons. The EURO fix and bank traders will often dump shortly after an hour has been exhausted.

Mike
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  • #120,647
  • Jul 10, 2009 8:49am Jul 10, 2009 8:49am
Long Long Long It's going to happen eventually ...
  • #120,648
  • Jul 10, 2009 8:50am Jul 10, 2009 8:50am
Quoting forexxx123
Stops to Entry.
Target #1......... 1.3951
Target #2..........1.3965
Later we'll make EUR/USD Sell, when USD/CHF will reach 1.0831. It will be huge Sell.

Why is 1.0831. a big number for you..?
I feel it might just keep falling...
  • #120,649
  • Jul 10, 2009 8:56am Jul 10, 2009 8:56am
Quoting Kamikaze456
Why is 1.0831. a big number for you..?
I feel it might just keep falling...
You right, if it breaks 15 pips. But it is different story.
I know how to manage this trade if goes lower.
I'm afraid of TWEE, he doesn't like when somebody makes money in this Forum.
Better to bee little stupin sometimes.
  • #120,650
  • Jul 10, 2009 9:05am Jul 10, 2009 9:05am
Quoting forexxx123
You right, if it breaks 15 pips. But it is different story.
I know how to manage this trade if goes lower.
I'm afraid of TWEE, he doesn't like when somebody makes money in this Forum.
Better to bee little stupin sometimes.
Whoose TWEE?...
  • #120,651
  • Jul 10, 2009 9:06am Jul 10, 2009 9:06am
Heads up for whatever may happen next....

Yes, it is Friday. But yesterday the huge pump did not start until everyone left the party except the US traders..... Do you suppose today they might, now that everyone is leaving except them, torpedo it down while all is left in their hands? If they decide to manipulate today, like yesterday (opposite direction maybe?), who is left to offer resistance to any move they initiate....?
  • #120,652
  • Edited 9:10am Jul 10, 2009 9:07am | Edited 9:10am
Quoting acumen
Lot's of lines... only 3 Important ones.

Friday's usually suck anyway and I've made my money this week so I'm always cautious...if they go against me...I close down my machine... head downstairs to kick the dogs and then back to bed.

Mike


I have three sorry pooches myself, bless their little hearts.

I've just been watching the clown show since London, I pack it in early on this side of the pond, especially on Friday.

have a great weekend everybody.
  • #120,653
  • Jul 10, 2009 9:08am Jul 10, 2009 9:08am
I'm off,

Good Luck trading everyone...
  • #120,654
  • Jul 10, 2009 9:30am Jul 10, 2009 9:30am
Quoting acumen

I continued to scalp around the psych level until I made 20 (real PIPS) not scalping PIPS.


What's the difference between a "real" pip and a "scalping" pip? I don't think that was covered anywhere in babypips.com...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #120,655
  • Jul 10, 2009 9:35am Jul 10, 2009 9:35am
Quoting The Fool
What's the difference between a "real" pip and a "scalping" pip? I don't think that was covered anywhere in babypips.com...
Yeah, I'd like to know what the difference is, also. He said he was scalping, afterall..... Is it like fishing for salmon and catching flounder, where all in the same you are eating fish for dinner?
  • #120,656
  • Jul 10, 2009 9:40am Jul 10, 2009 9:40am
wat time is market closing today?
  • #120,657
  • Jul 10, 2009 9:44am Jul 10, 2009 9:44am
Quoting leesm
wat time is market closing today?
Market Closing at 1.3961 EUR/USD Target #2
  • #120,658
  • Jul 10, 2009 9:44am Jul 10, 2009 9:44am
Quoting leesm
wat time is market closing today?
5pm (17:00) eastern

opens back up @ 17:00 on Sunday (5pm)
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #120,659
  • Jul 10, 2009 9:45am Jul 10, 2009 9:45am
Is this going to turn out to be one of those ...B....B....Barf...maneuvers?

Bump....bump.....bump.....and RUN......!
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  • #120,660
  • Jul 10, 2009 9:46am Jul 10, 2009 9:46am
Quoting forexxx123
Market Closing at 1.3961 EUR/USD Target #2
Wait 2 pips and Close 1/2 at 1.3951.
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