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  • #164,401
  • Nov 23, 2009 2:31am Nov 23, 2009 2:31am
That is bad ass dude! Congrats!

Quoting TexasforEX
5 lots from 1.3550 area, closed at 1.4970. bout $70k profits
In Charts We Trust!
  • #164,402
  • Nov 23, 2009 2:36am Nov 23, 2009 2:36am
Quoting TexasforEX
Thank you kindly sir. Trend trading can produce fantastic results!
Once you find a new trend.. buzz us up, we try your entry with usd1/pip as a start.

hehe
Trade what you see. Write what you feel
  • #164,403
  • Nov 23, 2009 2:36am Nov 23, 2009 2:36am
Quoting TexasforEX
5 lots from 1.3550 area, closed at 1.4970. bout $70k profits
congratulation ! then took position in May this year . why you close at this level? do you think it will not go higher than this ?
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #164,404
  • Nov 23, 2009 2:37am Nov 23, 2009 2:37am
Quoting TexasforEX
Thank you kindly sir. Trend trading can produce fantastic results!
Just out of curiosity, what made you close now, oppose to the other retraces that we had for the last 5 weeks?
All that is left in FF is just plain garbage. "Cloggie"
  • #164,405
  • Nov 23, 2009 2:39am Nov 23, 2009 2:39am
Quoting franco73
i have looked, ite tells me what it does what im trying to find is something that tells me what an entry and exit signal looks like?
Bear in mind that nothing in this game works all of the time, but pure Price Action is the most reliable.

Look at this entry of mine for today at 1.4938, and I will post my reasons for taking it at 12:00, that is approx 3 1/2 hrs time.
Attached Image (click to enlarge)
Click to Enlarge Name: 5 min entry Nov 23rd.png Size: 166 KB
Good Trading. (keep it simple).
  • #164,406
  • Nov 23, 2009 2:42am Nov 23, 2009 2:42am
Quoting fontu
congratulation ! then took position in May this year . why you close at this level? do you think it will not go higher than this ?
fontu

Thank you! I think that the $$$ is potentially going to rally for the next 10 weeks or so. The monthly low that the market prints in January 2010 will be an awesome level to load up on longs again. The $$$ should lose alot of ground the whole year 2010.

I got pretty solid reversal signals on the kiwi and pound and I have been getting short for the last couple days. If 1.5070 breaks I will re evaluate. Who knows? Things can change pretty quick in this market.

I would not open a short in the euro until 1.48 breaks.
"Timing Is Everything. Really I Swear It Is"
  • #164,407
  • Nov 23, 2009 2:45am Nov 23, 2009 2:45am
Quoting Jasper
Bear in mind that nothing in this game works all of the time, but pure Price Action is the most reliable.

Look at this entry of mine for today at 1.4938, and I will post my reasons for taking it at 12:00, that is approx 3 1/2 hrs time.

ok cool
NOTHING VENTURED, NOTHING GAINED
  • #164,408
  • Nov 23, 2009 2:47am Nov 23, 2009 2:47am
Quote
Bear in mind that nothing in this game works all of the time, but pure Price Action is the most reliable.

Look at this entry of mine for today at 1.4938, and I will post my reasons for taking it at 12:00, that is approx 3 1/2 hrs time.

I agree.

At the moment, traders are building long positions taking price up.

Ultimately in few hours time, profit booking will set in causing price to fall.

It is a game of profit booking. First traders are building long positions, then they book profits and when the prices are falling, 'naked shorts' cause price fall accelerate.

Once all longs have been disposed off, traders again start to build long positions.
  • #164,409
  • Nov 23, 2009 2:52am Nov 23, 2009 2:52am
Quoting TexasforEX
Thank you! I think that the $$$ is potentially going to rally for the next 10 weeks or so. The monthly low that the market prints in January 2010 will be an awesome level to load up on longs again. The $$$ should lose alot of ground the whole year 2010.

I got pretty solid reversal signals on the kiwi and pound and I have been getting short for the last couple days. If 1.5070 breaks I will re evaluate. Who knows? Things can change pretty quick in this market.

I would not open a short in the euro until 1.48 breaks.
Its ok & few pips up & down no problem for such trades . 1.5 just knocking the door , it may or may not break but there lies heavy fall even towards 1.444/1.4337 & continue for few weeks if done . so taken decision in correct time .Anything can happen but not so likely.
wish you best luck, I never able to keep my trades more than few days .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #164,410
  • Nov 23, 2009 2:54am Nov 23, 2009 2:54am
Quoting TexasforEX
I got pretty solid reversal signals on the kiwi and pound and I have been getting short for the last couple days.
I know this is the euro thread but 7310 and 16580 are really good entries for short possies in the kiwi and cable. hold for 10 weeks or so.

Ok. enough talking of my book. Back to the euro!
"Timing Is Everything. Really I Swear It Is"
  • #164,411
  • Nov 23, 2009 2:58am Nov 23, 2009 2:58am
I know I may get bitten by this but I went short at 1.499. I just have faith that the USD will come back.
"Risk comes from not knowing what you are doing.“ Warren Buffett
  • #164,412
  • Nov 23, 2009 2:59am Nov 23, 2009 2:59am
Quoting TexasforEX
I know this is the euro thread but 7310 and 16580 are really good entries for short possies in the kiwi and cable. hold for 10 weeks or so.

Ok. enough talking of my book. Back to the euro!

This would be trying to catch a top rather than getting onto a trend....
  • #164,413
  • Nov 23, 2009 2:59am Nov 23, 2009 2:59am
Usd/Jpy looks really close to a major low. Up fast now. Does it have an impact on Eur/Usd you think?
  • #164,414
  • Nov 23, 2009 3:02am Nov 23, 2009 3:02am
Quoting saprasa
This would be trying to catch a top rather than getting onto a trend....

That is your opinion bud. I have trend reversal signals on both. Weekly bearish engulfing on the weekly in cable is the most obvious.
"Timing Is Everything. Really I Swear It Is"
  • #164,415
  • Nov 23, 2009 3:03am Nov 23, 2009 3:03am
Quoting Pip_Thief
I know I may get bitten by this but I went short at 1.499. I just have faith that the USD will come back.
Although I rarely hold more then a day or two
"Risk comes from not knowing what you are doing.“ Warren Buffett
  • #164,416
  • Nov 23, 2009 3:03am Nov 23, 2009 3:03am
Quoting TexasforEX
I know this is the euro thread but 7310 and 16580 are really good entries for short possies in the kiwi and cable. hold for 10 weeks or so.

Ok. enough talking of my book. Back to the euro!
I think cable still has some upside move
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #164,417
  • Nov 23, 2009 3:07am Nov 23, 2009 3:07am
Weekly R1 was touched last hour, and I notice that it has touched that level (4988) about 9 times since 16 Nov, and not been able to make it stick. SO I took a small short from 4985.......will add to it if it bears fruit. Looking for TP at 4870, but that's flexible.....unless I go to sleep!

Edit: SL at 5010 ..... just above R2. This is looking a tad overbought on the stoch too....not that that means a hellovalot!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #164,418
  • Nov 23, 2009 3:08am Nov 23, 2009 3:08am
i think 1.5 is the strong resistance
  • #164,419
  • Nov 23, 2009 3:14am Nov 23, 2009 3:14am
Quote
Weekly R1 was touched last hour, and I notice that it has touched that level (4988) about 9 times since 16 Nov, and not been able to make it stick. SO I took a small short from 4985.......will add to it if it bears fruit. Looking for TP at 4870, but that's flixible.....unless I go to sleep!

Even if it goes up, ulitmately profit booking will set in. Traders will liquidate their long positions to book profits.

I am also short and have enough safety margin in the account in case if traders jack up the prices more.
  • #164,420
  • Nov 23, 2009 3:15am Nov 23, 2009 3:15am
After 1H upper trendline had been broken I entered long. Maybe too soon. I don't like this steep ascent and how last hourly candle closed, so I'm ready to bail out when PA comes back into trend.
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