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  • #159,481
  • Nov 6, 2009 8:10am Nov 6, 2009 8:10am
Quoting coolshades
xaron,

no doubt you have added one more long eurousd position
Right at 4824. Did not get the low (just below S1). Well I guess I should think about limit orders again...
  • #159,482
  • Nov 6, 2009 8:10am Nov 6, 2009 8:10am
Quoting coolshades
xaron,

no doubt you have added one more long eurousd position
so did I
Pation is the Holy Grail
  • #159,483
  • Nov 6, 2009 8:11am Nov 6, 2009 8:11am
This advice is free, please feel free to disregard... but I believe this is a solid trading plan at present:

1) The Daily Trend is up, and has been up for several months

2) For Trend change, at least 2 conditions must present themselves:
a) The bottom Daily Channel line must be violated with a daily close
below. This is an upward sloping line, so the number changes
daily.
b) Next, the previous swing low must be violated with a daily close
below. This number is 1.4482

If these 2 things happen, we will be looking at potential trend change and start building short postions. Absent these conditions, buy pullbacks and enjoy your free money courtesy of the USA and their weak dollar policy!

Regards
  • #159,484
  • Nov 6, 2009 8:12am Nov 6, 2009 8:12am
Quoting Xaron
Wow! Do we see a return to the fundamentals? I mean bad US news: stocks down and dollar down! Just great. Looks like the "safe haven" status of the Dollar is history - or at least it starts to be history.
A bad number means this: The Fed will extend period for hiking interest rates .. hence weaker dollar and the rest become strong ... Fragile fundamentals will delay IR hikes .. This is just news playing atm
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,485
  • Nov 6, 2009 8:12am Nov 6, 2009 8:12am
thats it up up and awayyyy
  • #159,486
  • Nov 6, 2009 8:13am Nov 6, 2009 8:13am
it goes down and then
goes back up a lit-tle bit
cats are now fu-king
  • #159,487
  • Nov 6, 2009 8:14am Nov 6, 2009 8:14am
Quoting Popee83
A bad number means this: The Fed will extend period for hiking interest rates .. hence weaker dollar and the rest become strong ... Fragile fundamentals will delay IR hikes .. This is just news playing atm
they aren't raisingrates till 2011
  • #159,488
  • Nov 6, 2009 8:14am Nov 6, 2009 8:14am
Be ready for a nasty surprise towards the end of the day
  • #159,489
  • Nov 6, 2009 8:15am Nov 6, 2009 8:15am
Quoting FX-Petra
This advice is free, please feel free to disregard... but I believe this is a solid trading plan at present:

YES.

(Wait, I'm talking to newbies.)

FULL OF WIN.

That's better
  • #159,490
  • Nov 6, 2009 8:18am Nov 6, 2009 8:18am
Well .I'm done for the day.Killed the nzd/usd and geppy earlier and now cashed in on this pair.Have a good weekend all
  • #159,491
  • Nov 6, 2009 8:19am Nov 6, 2009 8:19am
Quoting sophiaphia
daily support it is here and now on the chart Support1
daily support to daily pivot - that was easy button
http://upload.wikimedia.org/wikipedi...asy_button.JPG
----- Dragonfly out in the sun you know what I mean, don't you know
  • #159,492
  • Nov 6, 2009 8:22am Nov 6, 2009 8:22am
Quoting sophiaphia
that was easy button
http://upload.wikimedia.org/wikipedi...asy_button.JPG
Hi all can anybody explain why e/u not falling yet what it waiting for?thnks
  • #159,493
  • Nov 6, 2009 8:22am Nov 6, 2009 8:22am
Quoting Atlast
Keep watching and see all those support lines broken. where are you waiting to go long?
And hey FxSwing .. cool dude .. I get it, just humor ..

So, folks .. am personally waiting for unemployment to hit 14%, gold to hit 1900 and oil 175. You can call me nuts if you like .. but all pointers are going there .. I posted this back in June ..

http://www.forexfactory.com/showpost...51&postcount=4

NB: Cable should close above: 1.6570, otherwise, scalpers can short more and make some pips .. Fiber should close above: 1.4262, otherwise scalpers can still sell .. This applies to m30 and H4 Tf's

How do you guys bank 20-30 pip moves? this are just reactions ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,494
  • Nov 6, 2009 8:23am Nov 6, 2009 8:23am
Quoting IMARICH1
Atlast,

Do you have a chart for your current impression of the market using Pitchfork analysis?

And where is your S1 and S2 for the day? I have Daily S1 at 4818 and Dail S2 at 4761. Where are looking for market to go before you go LONG again?

Thanks
I'm trading intraday and taking several positions. I am not going long today.
S1 and S2 just 1 pip away from yours. Take a pitchfork off the chart I posted today and you will get an idea where I see this going. Hope that helps.
  • #159,495
  • Nov 6, 2009 8:23am Nov 6, 2009 8:23am
Looks like I slept in too late to get the easy money, but risk reversals and fundi models still screaming long. Gonna wait for better entry...
  • #159,496
  • Nov 6, 2009 8:23am Nov 6, 2009 8:23am
Quoting nazik
Hi all can anybody explain why e/u not falling yet what it waiting for?thnks
We have some support lines to get through.... and we may not. At all.
  • #159,497
  • Nov 6, 2009 8:24am Nov 6, 2009 8:24am
Quoting vinesh2
Be ready for a nasty surprise towards the end of the day

Hi would you care to elaborate ??????????????
  • #159,498
  • Nov 6, 2009 8:24am Nov 6, 2009 8:24am
Quoting nazik
Hi all can anybody explain why e/u not falling yet what it waiting for?thnks
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #159,499
  • Nov 6, 2009 8:25am Nov 6, 2009 8:25am
anybody thinks we'll hit 4800 end of today?
  • #159,500
  • Nov 6, 2009 8:26am Nov 6, 2009 8:26am
Please all traders sell of the EURUSD because of the employment headline that just came out. there is no recovery yet and the job situation is poor very poor at least for the moment. We can start buying EURUSD again when we are sure that the employment situation has improved. Don't be deceived by rogue traders.
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