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  • #130,021
  • Aug 11, 2009 4:59am Aug 11, 2009 4:59am
Quoting siobi
in short, u r shorting , rite?
Yes, but taking small bites at a time.
  • #130,022
  • Aug 11, 2009 4:59am Aug 11, 2009 4:59am
Quoting gatorinla
usd flexing on the 3 pairs im in.
u mean u short for other pairs?
  • #130,023
  • Aug 11, 2009 5:06am Aug 11, 2009 5:06am
I think we slow go north .
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  • #130,024
  • Aug 11, 2009 5:07am Aug 11, 2009 5:07am
greeny shows strength ,but jpy is still king of the hill
  • #130,025
  • Aug 11, 2009 5:07am Aug 11, 2009 5:07am
To me, H4 rhythm is the most dominant TF for intra day trading. The price has rebounce @ 200SMA since the first candle for today and we still have strong support from lower Channel.

To the upside, my first target is PW 1.4190, then 21EMA per my H4 for now. Will review again my today's plan from time to time.

The bear can still also drag the price to as low as PW 1.4030 today. Just becareful, but I'm bias for LONG now.

Comment please?
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  • #130,026
  • Aug 11, 2009 5:08am Aug 11, 2009 5:08am
go long at 1.4150 for 25 pips at 61 level at 5m
  • #130,027
  • Aug 11, 2009 5:09am Aug 11, 2009 5:09am
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  • #130,028
  • Aug 11, 2009 5:09am Aug 11, 2009 5:09am
Quoting siobi
u mean u short for other pairs?
yes.. just in case this usd runs and commodities crash it amplifies move in commodity pairs..gu has also been moving faster.. been short in both kiwi at ph .6773.. gbp since 1.7
those who can, do. those who cant, talk about those who can
  • #130,029
  • Aug 11, 2009 5:11am Aug 11, 2009 5:11am
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  • #130,030
  • Aug 11, 2009 5:13am Aug 11, 2009 5:13am
Quoting Atlast
I have just done the opposite, covered my longs on the bounce and reversed short. I may get burned on this one, but following PA.
PA short term is down yes.... but I am looking at 4hr time frames most of the time. Price might retrace a bit more according 15m, we'll see...... this pair do not respond that well to technical on a longer time frame these days, with news coming out there is no telling which way we will go )-:
Kjellik74
  • #130,031
  • Aug 11, 2009 5:18am Aug 11, 2009 5:18am
looks like a bull flag 4hr to me.. but im no flag expert. usdx
those who can, do. those who cant, talk about those who can
  • #130,032
  • Aug 11, 2009 5:19am Aug 11, 2009 5:19am
I closed almost all my shorts, last one at 1.4110.

I have some more, but now I have more room to trade.

At this point I will wait to see at least 1.4200, but there is a big possibility that we are going to 1.4033 or below in slow mode and with no important retraces unless some fast moves at news, I will wait them.

A Daily close below 1.4033 and we are going to dive!!
My advice is just sell area 1.4066/77, wait to see 1.4033 cross and if go again to your trade just give some room to breathe.

Take care and I am Bearish, just to inform!
  • #130,033
  • Aug 11, 2009 5:25am Aug 11, 2009 5:25am
Quoting kjellik74
PA short term is down yes.... but I am looking at 4hr time frames most of the time. Price might retrace a bit more according 15m, we'll see...... this pair do not respond that well to technical on a longer time frame these days, with news coming out there is no telling which way we will go )-:
I may reverse again if it gets back above pivot and stays there. Sooner or later, there will be a trend move.
  • #130,034
  • Aug 11, 2009 5:27am Aug 11, 2009 5:27am
ill add up few more short...
  • #130,035
  • Aug 11, 2009 5:30am Aug 11, 2009 5:30am
I have been long since 29 minutes ago...bloody hell, see saw action such a source of stress! Nearly got tapped out at 1.4147 as well... where are the damn armies of bull coming back to attack!!!?
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #130,036
  • Aug 11, 2009 5:30am Aug 11, 2009 5:30am
I've scraped a few pips together tonight after watching the PA for most of the day with a short bias in my mind. I went long for a few pips in the end, and then short to DP for few more, and now I'm out for a while until it makes up it's mind which side of the DP it likes most.

If the day ends in a doji, early days yet I know, but if it does then the PA will have rejected the lower sub-trend line on my daily chart (posted earlier on today), and that plus the doji (if it happens) will see me thinking longs again tomorrow......I guess we shall see!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #130,037
  • Aug 11, 2009 5:33am Aug 11, 2009 5:33am
if your feeling a little froggy and want to jump the pairs im in are sitting on a little support atm. but dont interpet that as usd weakness..
those who can, do. those who cant, talk about those who can
  • #130,038
  • Aug 11, 2009 5:54am Aug 11, 2009 5:54am
Lucky to get out alive with a few pips....didn't have the balls to follow through the current +20 bull run.....

The likelihood of S*** happening increases 10-fold when you break your own trading rules!

Quoting chngster
I have been long since 29 minutes ago...bloody hell, see saw action such a source of stress! Nearly got tapped out at 1.4147 as well... where are the damn armies of bull coming back to attack!!!?
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #130,039
  • Aug 11, 2009 5:57am Aug 11, 2009 5:57am
i will be looking towards this pair clearing 1.42.. if so,

then indeed it is perhaps just retracement on friday..

it respected my trend line today..
  • #130,040
  • Aug 11, 2009 6:04am Aug 11, 2009 6:04am
went long at 1.4150 got out at 1.4168 .

18 pips profit simple fibo call
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