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  • #139,181
  • Sep 4, 2009 2:24pm Sep 4, 2009 2:24pm
Quoting TIckerShuffl
Seems high at .85 to me. Australia is getting lots of inflows for the interst rate, but frankly there are better places to put money to work for a few % points. Last months trade balance saw more money going out than in, so likely going to swing back to weaker AUD for export purposes. IMO

Some drink at the fountain of knowledge. Others just gargle !
  • #139,182
  • Sep 4, 2009 2:38pm Sep 4, 2009 2:38pm
dow up 77 s/p 11.. lets c if we sell off the last 30.. dont look like it
those who can, do. those who cant, talk about those who can
  • #139,183
  • Sep 4, 2009 2:43pm Sep 4, 2009 2:43pm
Quoting TheFisherman
Man don't ruin my jokey - serious thing. I've been yelling around here from some time now

ONE FOURTY FIVE

Only Atlast is with me.
I am there buddy. Just got back after leaving within the hour after the NFP numbers
I FEEL CHEATED TODAY.
Got stopped out of a position at the exact low of today.
Plus, a back up long entry order I had at 1.4190 was not triggered by 1 pip as the low was 1.4191.
JEEZ. Luckily I made up with an automatic entry off 1.4260 with automatic TP at 1.4280, then an other automatic entry at 1.4220 for an intermediate hold, which I have just closed at it is near the weekend.
Yes, guys I set automatic trigger entries.
Still, feel cheated as the original 1st order was big, and the one missed was bigger.
Overall, sad to say this was a break even day for me, instead of being a really huge deal.
Hope others had better luck. The tracks were clear after it broke, but I wasn't going to short this on a fast moving train.
  • #139,184
  • Sep 4, 2009 2:43pm Sep 4, 2009 2:43pm
Gator,

If the Dow is up 77 wouldn't that mean EU would go DOWN or are you thinking the Dow and EU will sell off and go down to DP of 4280? Thanks

Atlast, Sorry to here that....I was cheated too...I had an auto set for 4190 as well and it did not get taken in.....I looked at my screen and got excited only to see my trade was not in either!
  • #139,185
  • Sep 4, 2009 2:44pm Sep 4, 2009 2:44pm
Nope, US futures should not sell next 30 minutes before closing.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #139,186
  • Sep 4, 2009 2:53pm Sep 4, 2009 2:53pm
Quoting IMARICH1
Gator,

If the Dow is up 77 wouldn't that mean EU would go DOWN or are you thinking the Dow and EU will sell off and go down to DP of 4280? Thanks

Atlast, Sorry to here that....I was cheated too...I had an auto set for 4190 as well and it did not get taken in.....I looked at my screen and got excited only to see my trade was not in either!
Sorry to hear. Whoever says you don't need a little luck in Forex hasn't traded long. The really big thing that has got me feeling low before the weekend is that I had built a really lovely long position only to get stopped out at the exact pip to the low. Oh, well that's fridays for you.
Still a chance I could retire before October rather than see through the autumn trading.
  • #139,187
  • Sep 4, 2009 2:59pm Sep 4, 2009 2:59pm
Gator whats your take on EU for the month of Sept
  • #139,188
  • Sep 4, 2009 3:00pm Sep 4, 2009 3:00pm
Quoting sophiaphia
I remember you were also calling for 1.44 or something like that
I hate to throw in stops and walk away, better to manage live (for me)
sorry

tomorrow is a whole new week of opportunities
can't believe i wrote that, too much FX on the brain funny tho
----- Dragonfly out in the sun you know what I mean, don't you know
  • #139,189
  • Sep 4, 2009 3:03pm Sep 4, 2009 3:03pm
Quoting sophiaphia
I remember you were also calling for 1.44 or something like that
I hate to throw in stops and walk away, better to manage live (for me)
sorry

tomorrow is a whole new week of opportunities
Yes, I am usually right, not boasting, except today I had to be out of my trading desk. I can say this though, some of my biggest wins has been off an automatic entry intermediate term trade. An example is the one off 1.4220 which I cut as I just got back and it's near end of trading and I haven't had time to catch up with other markets, news, etc. Probably should keep it open though, but I am mainly an intraday trader, but build and hold intermediate positions when I see a clear advantage.
  • #139,190
  • Sep 4, 2009 3:08pm Sep 4, 2009 3:08pm
Dow/s&p closing imbalances:mixed

Mixed up my trades too but pip traps are set. hopefully next week i won't need to pull any trigger.
Its been real guys,
goodnight..
Some drink at the fountain of knowledge. Others just gargle !
  • #139,191
  • Sep 4, 2009 3:27pm Sep 4, 2009 3:27pm
Quoting IMARICH1
Gator,

If the Dow is up 77 wouldn't that mean EU would go DOWN or are you thinking the Dow and EU will sell off and go down to DP of 4280? Thanks

Atlast, Sorry to here that....I was cheated too...I had an auto set for 4190 as well and it did not get taken in.....I looked at my screen and got excited only to see my trade was not in either!
if it had happend yes but it did not. so it kinda shows bulls in equitys are dug in. since we did not sell off.. we actually went higher after i posted. hats off to the bulls today.

although we do have a lower high and lower low today. same thing on the week.. if nothing change and we close where we are now (current 4303) sundays pp will be lower then todays (4278) looks like the week will close lower too (aprox 4271 pp sunday with no change/ depending on close)..it aint over yet.. might be best to trade the range or dont trade at all untill s/r is broken.. i would not get married to a position.. im still selling highs..
those who can, do. those who cant, talk about those who can
  • #139,192
  • Sep 4, 2009 3:30pm Sep 4, 2009 3:30pm
I'm out, enjoy the weekend + Labor Day
"In economics, the majority is always wrong." John Kenneth Galbraith
  • #139,193
  • Sep 4, 2009 3:30pm Sep 4, 2009 3:30pm
Took a short position @ 1.43034. E/U looks to be a the top of it's range on the 1HR chart.

Quoting FXCapitalist
Looking for price to hit the bid at 1.4300 just so I can get a jump on next week. Shorting at 1.4300
  • #139,194
  • Sep 4, 2009 3:41pm Sep 4, 2009 3:41pm
Good night. See you next week. My forecast, gap on Monday. There, someone had to start it. Not serious. Have a fun time for those on holiday
  • #139,195
  • Sep 4, 2009 3:50pm Sep 4, 2009 3:50pm
I just read through several of todays posts .... lol. I sure hope some of you were demo trading.


Have a safe holiday weekend! See you guys and girls Tuesday.
  • #139,196
  • Sep 4, 2009 3:55pm Sep 4, 2009 3:55pm
Quoting vinesh2
Gator whats your take on EU for the month of Sept
not really cross roads
those who can, do. those who cant, talk about those who can
  • #139,197
  • Sep 4, 2009 4:09pm Sep 4, 2009 4:09pm
Quoting GulfCoastPip
I just read through several of todays posts .... lol. I sure hope some of you were demo trading.


Have a safe holiday weekend! See you guys and girls Tuesday.

I was long buddy!Woke up to some nice azz pips.Don't say I didn't tell you so
  • #139,198
  • Sep 4, 2009 4:11pm Sep 4, 2009 4:11pm
15m ph on s/p 1032.17.. as always s/r may trump ph. we allso have a cup formation that concurs..

sunday pp eu 4270 dp are getting lower.. 4323 was not long ago. 53 pip drop. we were at 4278 before close.
im still waiting to short at 4331
later folks
those who can, do. those who cant, talk about those who can
  • #139,199
  • Sep 4, 2009 4:13pm Sep 4, 2009 4:13pm
Short @ 4320
Target 4220
Stop @4400 -
I've moved my stop up because I've been frustrated trying to trade the range. Every time it goes through my stop above the recent high, then shortly after plummets. Otherwise, the range seems to be pretty consistent as of late. Any thoughts?
  • #139,200
  • Edited 6:44pm Sep 4, 2009 4:21pm | Edited 6:44pm
Weekly Roundup:


Technically, what we have is a lot of renewed bullish interest and activity resulting from the spike down. The move down was 89 points and the countermove up was 135 points-thats bullish. Even though tech numbers suggest we move down, this upward action will more than likely spark buying interest in mid to high 4200's.

We also have a fresh penetration of the upper BB on the 1hr, which indicates the likelihood of a small move down, followed by a bigger move up, followed by an even bigger move down-or a cup formation followed by a big sell off.

RSI is in H1 descending, 30 min ascending, 15 and 5 min descending. Those smaller TF's 15 and 5 should play out to decompress this pair, extending the bull flag down to 4260-4280.

Key levels to watch on the RSI 1hr are low 50's and low 40's for reversal points. They will coincide will bid levels newly established from the recent spike up.

Once the 5 and 15 or both are pushed into oversold, RSI at low 50's or 40's, expect reversal to test recent previous high of 4346. Beating it or not beating it by a little shouldn't matter. All TF's will point down at critical selling point, and should give us a good ride down to 4200 or so.

My own trading course: Close my shorts at about 4280, and watch RSI for reversal patterning. Maybe long at 4260. Definitely short at 4335-4360.

Peace, a safe and happy weekend to all.

One Note: Chart shows line drawn above 4326, high just established. Should show another one above 4346, previous high. Both are likely failure points. However, the fact that the 30 min was preserved from moving into overbought is a possible hint that we are going to test the higher one...
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