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EURUSD

  • #158,641
  • Nov 4, 2009 4:45am Nov 4, 2009 4:45am
Quoting TrendExpress
dude no one cares that u are +100 pips so u can stop writting it in every post... ffs
dont be rude. and dont say for everybody, you have idea what 'no one cares' or not. if you dont get the idea of open forum then just dont interrupt
  • #158,642
  • Nov 4, 2009 4:50am Nov 4, 2009 4:50am
Check the dailies, See how the bulls have been holding out?, even when we went to 1.4626 yesterday, we came back up.
Attached Image (click to enlarge)
Click to Enlarge Name: resistance daily 2009-11-04 at PM 06.45.15.png Size: 62 KB
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #158,643
  • Nov 4, 2009 4:51am Nov 4, 2009 4:51am
man everyone is shorting it? i'm going long entered at 0.7247, st: 1.430 ttp: 1.4775.
  • #158,644
  • Nov 4, 2009 4:55am Nov 4, 2009 4:55am
I was just chillin' with a beer after dinner and I thought I would spend the time sharing a detailed explanation of my techniques with anyone who maybe interested.
Following on from the top down analysis I shared here http://www.forexfactory.com/showpost...stcount=158554 Here are the long trading opportunities I was able to exploit (+2 counter trend scalps) based on the bullish bias and support/resistence lines from my higher time frame analysis

Long entries with bias/trend risk:10pips reward:15pips

1.Price returns to 15min trendline support + historica daily s/r(light blue)
2.Price retest the same support area again after a fake out
3.Price returns to previous resistence level which now acts as support after the break
4.Price returns to test the backside of the hourly trendline it just broke
5.Price returns to monthly pivot after breaking through

counter trend shorts risk:10 pips reward:10 pips

6. first touch of Monthly pivot resistence
7 Price over extends to test the backside of broken daily trendline

All entries provided 10 - 15 pips with little or no drawdown. There are no breakout entries as I refuse to chase price
enjoy!
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BTC Return This Year: na
  • #158,645
  • Nov 4, 2009 5:01am Nov 4, 2009 5:01am
Quoting TrendExpress
will see thereis 5 hours to us open
it can range for quite a while till 1-2 hours before US opens sometimes. trade the range
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #158,646
  • Nov 4, 2009 5:03am Nov 4, 2009 5:03am
Quoting M.A.C.Doug
I was just chillin' with a beer after dinner and I thought I would spend the time sharing a detailed explanation of my techniques with anyone who maybe interested.
Following on from the top down analysis I shared here http://www.forexfactory.com/showpost...stcount=158554 Here are the long trading opportunities I was able to exploit (+2 counter trend scalps) based on the bullish bias and support/resistence lines from my...
quite interesting. question: why haven't you opened trade when hourly trend line were tested 2 or 3 times?
  • #158,647
  • Nov 4, 2009 5:04am Nov 4, 2009 5:04am
Quoting TrendExpress
this is how i see things ,we are in top of channel so .. 1st target could be 1.47,2nd - 1.46
Kindly don't forget that looooooooooooooong down bar in 1.4900 area.

I am short, but having nightmares because pa may decide to take care of that "gap" before heading either down or up.

SL at 1.4850, but if it heads towards this bar, will close the short at whatever cost.
The Thief of Wall Street
  • #158,648
  • Nov 4, 2009 5:08am Nov 4, 2009 5:08am
I guess whichever way it is, we might just move 100 of pips in minutes
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #158,649
  • Nov 4, 2009 5:13am Nov 4, 2009 5:13am
did my post just started the freefall?
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #158,650
  • Nov 4, 2009 5:13am Nov 4, 2009 5:13am
30 pips in 3 minutes....nice
  • #158,651
  • Nov 4, 2009 5:15am Nov 4, 2009 5:15am
Quoting fxswing
Done slightly better than my monthly average in August, so no problem with that month it's ok, but It was a bit slow if I recall correctly.
Needed massive doses of patience.

Yes patience... easier said than done

just going through some records and between 15.july-15.sept It was awful... Next year I will skip the whole two months... Have to see if there is a difference in 2006 and 2007 also...

But of course, I know there's vacations going on....
  • #158,652
  • Nov 4, 2009 5:17am Nov 4, 2009 5:17am
[FITCH RATINGS] has downgraded [IRELAND'S] sovereign rating to AA- from AA+ and kept the outlook stable. Govt bonds spread widened between 3 and 5 basis points vs Bunds while the Euro slipped a few points on the news to 1.4745.
those who can, do. those who cant, talk about those who can
  • #158,653
  • Nov 4, 2009 5:19am Nov 4, 2009 5:19am
Quoting Larseg
Yes patience... easier said than done

just going through some records and between 15.july-15.sept It was awful... Next year I will skip the whole two months... Have to see if there is a difference in 2006 and 2007 also...

But of course, I know there's vacations going on....
I have fond memories of ranging PA from July-August & was reliably scalping for 10-20% per week back then. Different strokes for different folks.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #158,654
  • Nov 4, 2009 5:20am Nov 4, 2009 5:20am
still watching my lines
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  • #158,655
  • Nov 4, 2009 5:21am Nov 4, 2009 5:21am
I have quite some loss these today, and that reminds me have to be humble and careful.

Today EURUSD, end especially EURJPY have move up A LOT, but I wonder if it is out of gas now. Let me look at this 30min EURJPY chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 10.png Size: 39 KB

1. Reverse Candle Pattern
2. Reverse Trend against CCI
3. It break the 5 minute up channel (blue)

I am humblely looking for some comments for my observations, should we short EURJPY now ?
  • #158,656
  • Nov 4, 2009 5:28am Nov 4, 2009 5:28am
Quoting cannarek
quite interesting. question: why haven't you opened trade when hourly trend line were tested 2 or 3 times?
I did "4.Price returns to test the backside of the hourly trendline it just broke"
If you are talking about going short before the break, that was againts my bias and counter trend. The resistence was not strong enough to trade so early in the move in my opinion. Trading is an art, a dance with price, you cant pick every turn or bounce but you can pick some if you are in the zone. Unfortunately it takes work and time before the dance begins to flow. You cant dance if you are fearful. You cant dance if you are greedy. You can only dance if you are focused on dancing
BTC Return This Year: na
  • #158,657
  • Nov 4, 2009 5:32am Nov 4, 2009 5:32am
Quoting M.A.C.Doug
I did "4.Price returns to test the backside of the hourly trendline it just broke"
If you are talking about going short before the break, that was againts my bias and counter trend. The resistence was not strong enough to trade so early in the move in my opinion. Trading is an art, a dance with price, you cant pick every turn or bounce but you can pick some if you are in the zone. Unfortunately it takes work and time before the dance begins to flow. You cant dance if you are fearful. You cant dance if you are greedy. You can only dance if you...
lol.
I guess that's one way of putting it.
Or you could just say the euro sux tonight and the yen is your friend.
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #158,658
  • Nov 4, 2009 5:32am Nov 4, 2009 5:32am
Quoting The Fool
I have fond memories of ranging PA from July-August & was reliably scalping for 10-20% per week back then. Different strokes for different folks.
Yep, August was good, with some nice ranging days
Getting it right is NOT as important as not getting it wrong.
  • #158,659
  • Nov 4, 2009 5:34am Nov 4, 2009 5:34am
Quoting M.A.C.Doug
I did "4.Price returns to test the backside of the hourly trendline it just broke"
If you are talking about going short before the break, that was againts my bias and counter trend. The resistence was not strong enough to trade so early in the move in my opinion. Trading is an art, a dance with price, you cant pick every turn or bounce but you can pick some if you are in the zone. Unfortunately it takes work and time before the dance begins to flow. You cant dance if you are fearful. You cant dance if you are greedy. You can only dance if you...
you remind me of this


http://www.news.com.au/common/imaged...5675247,00.gif
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #158,660
  • Nov 4, 2009 5:34am Nov 4, 2009 5:34am
Quoting M.A.C.Doug
I did "4.Price returns to test the backside of the hourly trendline it just broke"
If you are talking about going short before the break, that was againts my bias and counter trend. The resistence was not strong enough to trade so early in the move in my opinion. Trading is an art, a dance with price, you cant pick every turn or bounce but you can pick some if you are in the zone. Unfortunately it takes work and time before the dance begins to flow. You cant dance if you are fearful. You cant dance if you are greedy. You can only dance if you...
I like your answer i closed the second half, details on my blg
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