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  • #164,381
  • Nov 23, 2009 1:54am Nov 23, 2009 1:54am
good morning everyone.

saxobank came with trade reco buy around 1,4913 target 1,5023 sl 1,48xx

Not for me I want to see my upper tl (1,4976) been broken, which hasn't happen yet furthermore a lot of shorting is going to kick in as soon as we are over 1,5.

Will be very carefull for anything short or long at this stage. Sure long look much better then short but the above makes me cautious.

Good luck everyone,
The Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #164,382
  • Nov 23, 2009 1:57am Nov 23, 2009 1:57am
How I read it it was an upward move stopped at fibo 127. It is also a Resistance level at 1.4988 given by the previous high. Let's see if the current red candle it is a retracement or change in direction.
If you're not part of the solution then you're part of the problem.
  • #164,383
  • Nov 23, 2009 1:58am Nov 23, 2009 1:58am
Quoting Trading Cat
good morning everyone.

saxobank came with trade reco buy around 1,4913 target 1,5023 sl 1,48xx

Not for me I want to see my upper tl (1,4976) been broken, which hasn't happen yet furthermore a lot of shorting is going to kick in as soon as we are over 1,5.

Will be very carefull for anything short or long at this stage. Sure long look much better then short but the above makes me cautious.

Good luck everyone,
The Cat
Correct...be cautious as daily chart since last week range +- 1.5 ~ 1.485

You can take 50-80 pip per trade but I doubt more then that..
Trade what you see. Write what you feel
  • #164,384
  • Nov 23, 2009 2:03am Nov 23, 2009 2:03am
hey guys,
in my daily chart you could see two important lines, this line can make all difference in next days, play all attention in both.
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"Por mais fundo que seja o buraco, pelo menos esse não tem terra em cima"
  • #164,385
  • Nov 23, 2009 2:07am Nov 23, 2009 2:07am
Every where that you see a brokers ad about Forex, they mention that forex trades in the trillions per day, and that there is no central location for forex market. now over here in N.y the n.Y.s.E starts at 9:30 am est. so what is this so called n.Y opening for forex markets if there is no central location?
All that is left in FF is just plain garbage. "Cloggie"
  • #164,386
  • Nov 23, 2009 2:09am Nov 23, 2009 2:09am
Quoting tonyo524
Every where that you see a brokers ad about Forex, they mention that forex trades in the trillions per day, and that there is no central location for forex market. now over here in N.y the n.Y.s.E starts at 9:30 am est. so what is this so called n.Y opening for forex markets if there is no central location?
The sessions are defined by the opening hours of the futures and cash markets for that timezone. Sydney Tokyo Hong Kong Russia/Dubai Frankfurt London New York.
  • #164,387
  • Nov 23, 2009 2:09am Nov 23, 2009 2:09am
Nice to see price at 1.4973 , now start more shorts even it continue up 1.4993( most ex[pected ) or over.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #164,388
  • Nov 23, 2009 2:10am Nov 23, 2009 2:10am
Quoting sinner-
The sessions are defined by the opening hours of the futures and cash markets for that timezone. Sydney Tokyo Hong Kong Russia/Dubai Frankfurt London New York.
Been bugging me for over a year now. I only trade spot forex, and sometimes my ameritrade acount so wasn't aware.
All that is left in FF is just plain garbage. "Cloggie"
  • #164,389
  • Nov 23, 2009 2:10am Nov 23, 2009 2:10am
Quoting tonyo524
Every where that you see a brokers ad about Forex, they mention that forex trades in the trillions per day, and that there is no central location for forex market. now over here in N.y the n.Y.s.E starts at 9:30 am est. so what is this so called n.Y opening for forex markets if there is no central location?
It just refers to the open of normal trading hours for US session.
  • #164,390
  • Nov 23, 2009 2:14am Nov 23, 2009 2:14am
Quoting Larseg
To show my boredom, where next?
Hey Larseg, I was a bit early on my call displayed in your awesome chart but it will play out tonight. I tested shorts during Tokyo they were bitten hard so switched to longs for both A/U and E/U. Recommended G/U long during Tokyo with 10 pip SL which is currently running 1:6 RR.
  • #164,391
  • Nov 23, 2009 2:16am Nov 23, 2009 2:16am
Very intersting.

The market has me stuck infornt of my € chart it didn't manage to break upper tl 1,4876 with the last 15min bar.
It seems to me we are at a very important point very early in the day.

Still no postion hence to this bull bear .

Dax came nicely up but not enough or me to go long.

Good trading ,
The Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #164,392
  • Nov 23, 2009 2:16am Nov 23, 2009 2:16am
Quoting tonyo524
Every where that you see a brokers ad about Forex, they mention that forex trades in the trillions per day, and that there is no central location for forex market. now over here in N.y the n.Y.s.E starts at 9:30 am est. so what is this so called n.Y opening for forex markets if there is no central location?
It depends on the pair you trade. US have big influence on currency and trader will follow whatever influence them.
Trade what you see. Write what you feel
  • #164,393
  • Nov 23, 2009 2:17am Nov 23, 2009 2:17am
Quoting Mr J
While it's not a bad thing to constantly ask questions, in trading most of them are questions you will have to ask yourself, as most of it you will have to figure out on your own.
i appreciate and respect that, my question was purely, how i thought the volume indicator worked and asked if i had it right or wrong?

cheers
NOTHING VENTURED, NOTHING GAINED
  • #164,394
  • Nov 23, 2009 2:21am Nov 23, 2009 2:21am
Quoting TexasforEX
Still long and strong on this pair and IMO there is a distinct chance today's low will be the lowest seen for a very long time.

5 lots from 1.3550 area, closed at 1.4970. bout $70k profits
"Timing Is Everything. Really I Swear It Is"
  • #164,395
  • Nov 23, 2009 2:24am Nov 23, 2009 2:24am
Breakout or retrace?.......we shall see!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #164,396
  • Nov 23, 2009 2:25am Nov 23, 2009 2:25am
Quoting e_piz
That is a good website to start with...
agreed.good and free with no BS learnt a lot from it.
  • #164,397
  • Nov 23, 2009 2:26am Nov 23, 2009 2:26am
Quoting TexasforEX
5 lots from 1.3550 area, closed at 1.4970. bout $70k profits
NICE
NOTHING VENTURED, NOTHING GAINED
  • #164,398
  • Nov 23, 2009 2:26am Nov 23, 2009 2:26am
Quoting TexasforEX
5 lots from 1.3550 area, closed at 1.4970. bout $70k profits
with 10usd/pip, u really make a fortune. Congrat!
Trade what you see. Write what you feel
  • #164,399
  • Nov 23, 2009 2:29am Nov 23, 2009 2:29am
Quoting TexasforEX
5 lots from 1.3550 area, closed at 1.4970. bout $70k profits
  • #164,400
  • Nov 23, 2009 2:31am Nov 23, 2009 2:31am
Quoting e_piz
with 10usd/pip, u really make a fortune. Congrat!

Thank you kindly sir. Trend trading can produce fantastic results!
"Timing Is Everything. Really I Swear It Is"
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