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EURUSD

  • #125,321
  • Jul 26, 2009 8:04pm Jul 26, 2009 8:04pm
hmmmmmm beginning of week not so good for me ... u folks ?
  • #125,322
  • Jul 26, 2009 8:08pm Jul 26, 2009 8:08pm
going well for me. shorted the gap up, still riding it. already took one lot out at 65 pips.
  • #125,323
  • Jul 26, 2009 8:44pm Jul 26, 2009 8:44pm
Yes doing well also, closed some big trades from last week. Hit my weekly roundup predict, thats two for two, next week I'll go for the hat trick

#125223

Notice that we're still lodged in bear formation, and they are running in sets of threes, from up to down, which means this current price 4221 is premium sell position for next move down, that should be better test for lower levels.
  • #125,324
  • Jul 26, 2009 8:47pm Jul 26, 2009 8:47pm
Quoting stevefx
Yes doing well also, closed some big trades from last week. Hit my weekly roundup predict, thats two for two, next week I'll go for the hat trick
Kudos, hats off, & a big round of apples.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #125,325
  • Jul 26, 2009 8:54pm Jul 26, 2009 8:54pm
Quoting stevefx
Yes doing well also, closed some big trades from last week. Hit my weekly roundup predict, thats two for two, next week I'll go for the hat trick

#125223

Notice that we're still lodged in bear formation, and they are running in sets of threes, from up to down, which means this current price 4221 is premium sell position for next move down, that should be better test for lower levels.
NOOB?
  • #125,326
  • Jul 26, 2009 9:01pm Jul 26, 2009 9:01pm
Quoting Log4n
NOOB?
Maybe, i'm doing well over a pretty long period of time using good MM though, 5 to 7% a week. I guess it takes a really experienced trader to screw things up bad.
  • #125,327
  • Jul 26, 2009 9:07pm Jul 26, 2009 9:07pm
Quoting stevefx
Maybe, i'm doing well over a pretty long period of time using good MM though, 5 to 7% a week. I guess it takes a really experienced trader to screw things up bad.
Steve, what timeframe you trade on?
The Thief of Wall Street
  • #125,328
  • Jul 26, 2009 9:09pm Jul 26, 2009 9:09pm
Quoting The Fool
Kudos, hats off, & a big round of apples.
Thanks man, definitely seeing better APR than Blackjack has brought me thus far
  • #125,329
  • Jul 26, 2009 9:16pm Jul 26, 2009 9:16pm
Quoting stevefx
Thanks man, definitely seeing better APR than Blackjack has brought me thus far
What would you say about a strong move below .4170? We keep bouncing down from .4230 zone, I'd like to see one of those moves down keep on sliding?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #125,330
  • Jul 26, 2009 9:18pm Jul 26, 2009 9:18pm
Quoting Chicky
Steve, what timeframe you trade on?
Mostly I use the 1hr, since I trade mostly from technical aspects of chart formations, and you get the most meaningful information from that perspective. I refer to 4hr and daily and get ideas from those, but I don't put too much into them-too abstract and vulnerable to larger forces. I'm looking to make around 40 pips most of the time so I concern myself with the move at hand.

Last time around though I had a pretty good idea that 4300 would be firm so I traded from that perspective, using MM to scale my sells progressively larger the closer we got to 4240. Paid off really well.
  • #125,331
  • Jul 26, 2009 9:24pm Jul 26, 2009 9:24pm
Quoting stevefx
Mostly I use the 1hr, since I trade mostly from technical aspects of chart formations, and you get the most meaningful information from that perspective. I refer to 4hr and daily and get ideas from those, but I don't put too much into them-too abstract and vulnerable to larger forces. I'm looking to make around 40 pips most of the time so I concern myself with the move at hand.

Last time around though I had a pretty good idea that 4300 would be firm so I traded from that perspective, using MM to scale my sells progressively larger the closer...
Steve, I believe 5 to 7% a week is very much possible trading this way. I have no doubt about your statement. Me too trying to get there. Thanks for sharing.
The Thief of Wall Street
  • #125,332
  • Jul 26, 2009 9:25pm Jul 26, 2009 9:25pm
Quoting The Fool
What would you say about a strong move below .4170? We keep bouncing down from .4230 zone, I'd like to see one of those moves down keep on sliding?

Technically I'd say its in the cards. The charts are pointing to at least a serious test of levels below 4170. On the other hand if you follow the personality, you see what a strong bounce we got when we hit 4170. Bullish sentiment as we saw for the last two weeks is still mighty. So maybe that bounce was TP mixed with some bull lurkers, and it will soften up on another visit. It should soften up.
  • #125,333
  • Jul 26, 2009 9:29pm Jul 26, 2009 9:29pm
am still targeting my 1.3800
  • #125,334
  • Jul 26, 2009 9:36pm Jul 26, 2009 9:36pm
well if .4170 is gonna give up the booty then it will be up to the Western Hemisphere to get 'er done I bet..
"If The Fool persists in his Folly he will become wise." - William Blake
  • #125,335
  • Jul 26, 2009 9:40pm Jul 26, 2009 9:40pm
http://money.cnn.com/2009/07/26/mark...head/index.htm

Oh snap, and I thought earnings reporting was done last week - there's a whole nother week of it coming.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #125,336
  • Jul 26, 2009 9:41pm Jul 26, 2009 9:41pm
Quoting The Fool
well if .4170 is gonna give up the booty then it will be up to the Western Hemisphere to get 'er done I bet..
Good point, Asian and European sessions have been more bull, and US have been bear.
  • #125,337
  • Jul 26, 2009 9:44pm Jul 26, 2009 9:44pm
Quoting Chicky
Steve, I believe 5 to 7% a week is very much possible trading this way. I have no doubt about your statement. Me too trying to get there. Thanks for sharing.
Thanks Chicky
  • #125,338
  • Jul 26, 2009 10:16pm Jul 26, 2009 10:16pm
This pair has been in a very2 tight range (160pips) between Price Wave 1.4110 and Price Wave 1.4270 last week. It was probably a difficult time for those who are trading using higher TFs (H4 and above) since the price has been sideways.

But. I am bias to the upside today. If I am right, the price will retest the Res TL (see arrow) very2 hard today and probably break above it.

Go....!!!!!!!!!!!!!!!!!! Bull...........!!!!!!!!!!

Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 52 KB
  • #125,339
  • Jul 26, 2009 10:22pm Jul 26, 2009 10:22pm
from bloomberg and i like it !!

>
Bernanke Comments
Losses in the dollar were tempered after Federal Reserve Chairman Ben S. Bernanke said he supports the Treasury’s “strong dollar policy.” <<
  • #125,340
  • Jul 26, 2009 10:26pm Jul 26, 2009 10:26pm
That means that I should be long, right?

Quoting trading801
am still targeting my 1.3800
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