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  • #158,401
  • Nov 3, 2009 10:46am Nov 3, 2009 10:46am
I was long biased. And for the longer term I still am biased to the long side. However right now its Short time so enjoying the pips.

Neo
  • #158,402
  • Nov 3, 2009 10:49am Nov 3, 2009 10:49am
Quoting Srikanth
market ultimate target is around 1.43 level... till that time njoy the short scalping pips...

I'm smelling a lot of losers today...most of the people here are long biased....
Your right I was stopped out at 42. I am shorting at the next upswing it bounced off of the 38.2 of the swing low from before and has not moved up enough and has been breaking down so I am looking for an extension down of 1.382
  • #158,403
  • Nov 3, 2009 10:56am Nov 3, 2009 10:56am
watch out dudes its time for daily retracement which happens at this time me opened short 1.4650 with target of 30-35 pips depends on what goes around this big shadow on 4h i think will be filled by this/next bar
  • #158,404
  • Nov 3, 2009 11:02am Nov 3, 2009 11:02am
Quoting TrendExpress
watch out dudes its time for daily retracement which happens at this time me opened short 1.4650 with target of 30-35 pips depends on what goes around this big shadow on 4h i think will be filled by this/next bar

strange little widening triangle coming on. Not sure what to think.
  • #158,405
  • Nov 3, 2009 11:06am Nov 3, 2009 11:06am
Quoting klinckphilip
strange little widening triangle coming on. Not sure what to think.

Im with you short 58. I think we could see some upside before we get paid off though. No real direction but my four hour says we have passed the trend line and should head down probably just buzz around then a shoot down like the one earlier so dont wait around
  • #158,406
  • Nov 3, 2009 11:09am Nov 3, 2009 11:09am
Around 100 pips before daily support. Very interesting, market should be nice to see. Flat waiting what will happen.
No Signal, No Trade. No fundamenals, No headache.
  • #158,407
  • Nov 3, 2009 11:10am Nov 3, 2009 11:10am
Quoting klinckphilip
Im with you short 58. I think we could see some upside before we get paid off though. No real direction but my four hour says we have passed the trend line and should head down probably just buzz around then a shoot down like the one earlier so dont wait around

also if we pass 30 to the downside for a few 15min bars we should see 4530 with no problem.
  • #158,408
  • Nov 3, 2009 11:14am Nov 3, 2009 11:14am
great day today, isnt it?
  • #158,409
  • Nov 3, 2009 11:15am Nov 3, 2009 11:15am
Quoting acw204
got 15pip here...
long position still running..SL breakeven...my TP@4720 too...
any comment about NFP this friday?
any suggestion...how do we trade this news?
For what it's worth, I feel that friday will be a big up day, as long as NFP does not surprise (and Fed decision). I will be buying some calls on spy if I'm right.The dailies still show uptrend intact.
  • #158,410
  • Nov 3, 2009 11:17am Nov 3, 2009 11:17am
I sold to open when EURUSD dipped below 1.4696, and have my limit order in place at 1.45850. I expect this decline to continue for another day.
  • #158,411
  • Nov 3, 2009 11:17am Nov 3, 2009 11:17am
The daily channel line and the 61.8 fib line (of the big decline) are pretty much on top of each other. The must be a crap load of stops below these lines. Not good for my longs!
  • #158,412
  • Nov 3, 2009 11:20am Nov 3, 2009 11:20am
Quoting cannarek
great day today, isnt it?
Yes it is I managed 85 pips to day and have a sell stop in place below the current low of today, TP is 5 pips above 4600 just in case it does not make it quite to that level but I have to run and get some designs done for the rest of the today but I will be checking the market from time to time good luck out there...
  • #158,413
  • Nov 3, 2009 11:27am Nov 3, 2009 11:27am
The daily candle has to close above 1.4716 for bulls.. otherwise we will see crashing bear market tomorrow
  • #158,414
  • Nov 3, 2009 11:30am Nov 3, 2009 11:30am
Huh? I don't have it hitting that low. I have low of day at 1.4626 on my system.
Quoting Srikanth
yep... i have been shorting it again and again... just take profit now at 4570
  • #158,415
  • Nov 3, 2009 11:32am Nov 3, 2009 11:32am
Quoting Leche Mocha
Huh? I don't have it hitting that low. I have low of day at 1.4626 on my system.
4625 is a good support area but anything can happen as there are no buyers at this time and also no news...


i'm gonna short it again if it reaches 4680
  • #158,416
  • Nov 3, 2009 11:36am Nov 3, 2009 11:36am
Here we go again! Maybe another run to try 1.4700 again today... what a crazy market.
  • #158,417
  • Nov 3, 2009 11:37am Nov 3, 2009 11:37am
Quoting Srikanth
yep... i have been shorting it again and again... just take profit now at 4570
Hasn't been that low since the beginning of October. Did you mean 4670?
Si vis pacem, para bellum.
  • #158,418
  • Nov 3, 2009 11:38am Nov 3, 2009 11:38am
How do you spell relief???? D O W !
  • #158,419
  • Nov 3, 2009 11:41am Nov 3, 2009 11:41am
Quoting FX-Petra
How do you spell relief???? D O W !
Ya, just about to go green! I luv all the 2nd chances in forex...
  • #158,420
  • Nov 3, 2009 11:41am Nov 3, 2009 11:41am
Quoting Srikanth
4625 is a good support area but anything can happen as there are no buyers at this time and also no news...


i'm gonna short it again if it reaches 4680
just did went a little over me though
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