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EURUSD

  • #154,421
  • Oct 21, 2009 3:04am Oct 21, 2009 3:04am
Autochartist emerging patterns on 1H and 4H.
Attached Images
If you're not part of the solution then you're part of the problem.
  • #154,422
  • Oct 21, 2009 3:07am Oct 21, 2009 3:07am
i make long from 1.4940
  • #154,423
  • Oct 21, 2009 3:08am Oct 21, 2009 3:08am
okey dokey,

The night's not over yet, not by a long shot.
However, mkt appears to be trading away from 4970 for now.

Got very close to the preferred set up but did not complete.

On the swissy trade I was referencing, the setup did complete.
(with a nice neddle bottom to boot.)
so I'm taking 1/2 size on that as a proxy for the euro and leaving the
other order resting at 4967 basis Dec. futures, so about 4970~72 on spot.

The order is reduced size because 1) there is already exposure on CHF
and 2) the 150 level options barrier is not as strong as it was yesterday based on option vols

Stops are 50 pip cash stops in CHF / 40 in euro (if filled)
If someone was interested in something like this, but felt the stop was too big,
i'd just cut position size in half (that's what I did).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: rsi.PNG Size: 38 KB
Click to Enlarge Name: swiss2.PNG Size: 30 KB
  • #154,424
  • Oct 21, 2009 3:10am Oct 21, 2009 3:10am
coming down again in 1 and 5 minute
  • #154,425
  • Oct 21, 2009 3:12am Oct 21, 2009 3:12am
I see tha DAX going into red so I am not 100% sure about long EUR for the short term at least
Trade on your own risk Plan your trade&trade your plan dont be a
  • #154,426
  • Oct 21, 2009 3:15am Oct 21, 2009 3:15am
Stochastic bearish divergence on 15M chart. We might see a retrace.
If you're not part of the solution then you're part of the problem.
  • #154,427
  • Oct 21, 2009 3:17am Oct 21, 2009 3:17am
Quoting Driver55
Well,
reshort at 14962

Driver,

How you like that short right about now ?

sweet
  • #154,428
  • Oct 21, 2009 3:23am Oct 21, 2009 3:23am
Quoting toshi
Driver,

How you like that short right about now ?

sweet

Too soon to say that it is good
The best thing that can happen to you is to find out where you're wrong.
  • #154,429
  • Oct 21, 2009 3:25am Oct 21, 2009 3:25am
Quoting toshi
Driver,

How you like that short right about now ?

sweet
Do not be very enthusiastic. Did not break the diagonal support of the initial move nor the one of the drop. Plus a small retrace will ease on the overbought condition.
If you're not part of the solution then you're part of the problem.
  • #154,430
  • Oct 21, 2009 3:27am Oct 21, 2009 3:27am
it look like to get down for one more candle to get up after that with strong momentum
i close long to reenter again with little profit 20 pip
Attached Image (click to enlarge)
Click to Enlarge Name: reenter.jpg Size: 230 KB
  • #154,431
  • Oct 21, 2009 3:28am Oct 21, 2009 3:28am
Quoting Driver55
Too soon to say that it is good
Well if you're green pips and have even one locked in, it's a free trade.
We all like those !

Have small order near 70 and would rather wait than jump the gun.
Good trading to ya' !
  • #154,432
  • Oct 21, 2009 3:33am Oct 21, 2009 3:33am
Pound jump on nothing new lol
"If The Fool persists in his Folly he will become wise." - William Blake
  • #154,433
  • Oct 21, 2009 3:37am Oct 21, 2009 3:37am
لتقل خيرا او تصمت
  • #154,434
  • Oct 21, 2009 3:38am Oct 21, 2009 3:38am
Quoting majorusa
Do not be very enthusiastic.
Did not break the diagonal support of the initial move nor the one of the drop.
Plus a small retrace will ease on the overbought condition.
How 'bout now ?
Can we get excited yet ?

No ?

Well maybe you're right.

It's just 20 green pips for his short at 62.
He should be pissed. Damn forex markets......

But I'll still give him a thumbs up

Honestly it's just one trade out of 10 or 15 I'd do today
so I really can't get too enthusiastic...I can hardly spell it !
  • #154,435
  • Oct 21, 2009 3:41am Oct 21, 2009 3:41am
Quoting toshi
How 'bout now ?
Can we get excited yet ?
Hell yeah go ahead go nuts.

Southbound & down, I'm loaded up and truckin'....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #154,436
  • Oct 21, 2009 3:47am Oct 21, 2009 3:47am
Quoting The Fool
Pound jump on nothing new lol
Bank of England rate at 0.5%. News.
If you're not part of the solution then you're part of the problem.
  • #154,437
  • Oct 21, 2009 3:50am Oct 21, 2009 3:50am
Quoting toshi
How 'bout now ?
Can we get excited yet ?


It's just 20 green pips for his short at 62.
He should be pissed. Damn forex markets......
It broke below diagonal support at previous 15M candle. Bring out the champagne!
If you're not part of the solution then you're part of the problem.
  • #154,438
  • Edited 3:52am Oct 21, 2009 3:51am | Edited 3:52am
Quoting The Fool
Hell yeah go ahead go nuts.

Southbound & down, I'm loaded up and truckin'....

Hang on, fool. Let's pace ourselves !

Look at this thing for a minute.

It's reaaaally hard to get bearish about something that looks like this.

I'm looking to take a few pips here and there and leave some for next trade.

Still, we don't have 150, they don't got 150, and as of yet it seems the mkt is not ready for 150.

Until 150 prints, the resistance brigade is in charge and the sellers can scalp their ass off.

That's where I'm playing it from.

This 4950 is important right now because alot of currency will change hands at this price.
If you can get your hands/eyes on some volume numbers watch closely in here.

That data should tip off where the mkt should be in about 3 or 4 hours from now.
Attached Image (click to enlarge)
Click to Enlarge Name: naked.PNG Size: 36 KB
  • #154,439
  • Oct 21, 2009 3:55am Oct 21, 2009 3:55am
Quoting toshi
Hang on, fool. Let's pace ourselves !
haha I shorted from 61 to 44 - 17 pips - thats a big trade for me.

Reload.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #154,440
  • Oct 21, 2009 3:55am Oct 21, 2009 3:55am
Quoting majorusa
It broke below diagonal support at previous 15M candle. Bring out the champagne!

Well, maybe I'll break out a case of coors lite. It's only 15 pips now.

Still, I think we all like those kind of trades. I'm ready for the next one.....
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