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EURUSD

  • #165,661
  • Nov 25, 2009 8:17am Nov 25, 2009 8:17am
If you know what you are doing, please disregard this post. If you are unsure, please consider the following:

There is no good reason to go anywhere near a short button on E/U! Please don't do it! Bull trend has been confirmed and continues for almost 8 months. Risk for breakout is skewed to the upside. There will be an opporunity in the next week or so to buy a dip and collect some free money. Yes, a short position may work out, but you are on the wrong side of risk sentiment. Shorting E/U (except for experienced scalpers) has been a lot like smoking crack--- dangerous, descructive, and stupid!

Regards,

PS-- Yes, there are a few sclapers here who have the skill and discipline to make some money on the short side. They are the few.
  • #165,662
  • Nov 25, 2009 8:17am Nov 25, 2009 8:17am
Quoting FiXed sense
Waiting till 1.5050/44 to get in if not reached, than well done FLY2
Waiting till 1.5050/44 to get in if not reached, than well done FLY2 Same here GL to you as well
  • #165,663
  • Nov 25, 2009 8:19am Nov 25, 2009 8:19am
Quoting G_Man
what about uj?
my eyes on 8705 - 8710 area ... long
it's broken daily support @ 88.00, and there's pretty strong support @ 87.08, so yeah, I think it would be a good idea. I'm also interested for going long. At least some correction to the upside is very possible. Certainly I will scalp this pair.
  • #165,664
  • Nov 25, 2009 8:24am Nov 25, 2009 8:24am
Quoting franco73
quick question anyone?

i understand to set fibo you use lowest low and highest high and if one of them change then it has to be reset.

the thing im struggling to read or see is do i set it on current trading day high and low, i use h1 chart.

cheers
Franco,
I use the previous swing highs or lows to set the fibo, I have seen folks use it on single candles, but I use the previous swing highs and lows to set it so I can look for retracements and also I have used it to set targets.
  • #165,665
  • Nov 25, 2009 8:27am Nov 25, 2009 8:27am
good day all....
today range almost done...lets scalp this pair...ops..there still news usd coming...better wait and see...but for me short all the way...cant stand to long..just hit n run

p/s:for long...my next TP is 1.5150
  • #165,666
  • Nov 25, 2009 8:28am Nov 25, 2009 8:28am
Quoting NightMoves
Franco,
I use the previous swing highs or lows to set the fibo, I have seen folks use it on single candles, but I use the previous swing highs and lows to set it so I can look for retracements and also I have used it to set targets.
thanks nightmoves that makes alot of sense

cheers
NOTHING VENTURED, NOTHING GAINED
  • #165,667
  • Nov 25, 2009 8:35am Nov 25, 2009 8:35am
First chart showing the result after break Resistence Trendline....
Move away around 100pips from the Resistence Trendline but only captured some from that movement....

2nd chart is showing an area for deciding the next movement for me....
Will follow Same discipline to capture another pips soon or later....

P/S: Sorry for my bad english.
HnS in progress?? any idea??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: target eu.JPG Size: 177 KB
Click to Enlarge Name: target eu2.JPG Size: 167 KB
  • #165,668
  • Nov 25, 2009 8:36am Nov 25, 2009 8:36am
Quoting jp09
im on the EURUSD as it has been trending nicely for the last year and my reseearch suggests that an eventual slide down to where the whole uptrend started to 1.25/1.3 is expected eventually. i want to grab it right on the top and just leave it for 8-12 months to accumulate.

And TA is horrible for LT trading. Evenso, check out the TLs

what do you mean by TA and TL?
Technical analysis and trendlines.

I use some fundamental models I've developed, but they are for short-mid term trading. I don't attempt any long term stuff like 8-12 months, maybe minutes but not months haha. Do you mind my asking what type of analysis you used to determine the dip? I'm just interested because I really have no tools for long term prediction other then TLs and a somewhat educated guess.
  • #165,669
  • Nov 25, 2009 8:41am Nov 25, 2009 8:41am
Quoting franco73
thanks nightmoves that makes alot of sense

cheers
Franco,
Here is how I have mine set for today...
Attached Image (click to enlarge)
Click to Enlarge Name: fibo.gif Size: 27 KB
  • #165,670
  • Nov 25, 2009 8:44am Nov 25, 2009 8:44am
got 50 pip for shorting...
  • #165,671
  • Nov 25, 2009 8:46am Nov 25, 2009 8:46am
Quoting acw204
got 50 pip for shorting...
so much for waiting for the news..
good short
  • #165,672
  • Nov 25, 2009 8:49am Nov 25, 2009 8:49am
Quoting NightMoves
Franco,
Here is how I have mine set for today...

cool thats awesome thanks so much for posting that


cheers
NOTHING VENTURED, NOTHING GAINED
  • #165,673
  • Nov 25, 2009 8:49am Nov 25, 2009 8:49am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
New Home Sales is GREEN
  • #165,674
  • Nov 25, 2009 8:51am Nov 25, 2009 8:51am
Quoting FX-Petra
If you know what you are doing, please disregard this post. If you are unsure, please consider the following:

There is no good reason to go anywhere near a short button on E/U! Please don't do it! Bull trend has been confirmed and continues for almost 8 months. Risk for breakout is skewed to the upside. There will be an opporunity in the next week or so to buy a dip and collect some free money. Yes, a short position may work out, but you are on the wrong side of risk sentiment. Shorting E/U (except for experienced scalpers) has been a lot like...
i agree with u..very good advise
  • #165,675
  • Nov 25, 2009 8:53am Nov 25, 2009 8:53am
bedtime for me for the rest of you have a great trading day


cheers
NOTHING VENTURED, NOTHING GAINED
  • #165,676
  • Nov 25, 2009 8:54am Nov 25, 2009 8:54am
Quoting nAVIN2007
so much for waiting for the news..
good short
Think I'm gonna sit the news out and fade afterwards whatever direction it goes.
  • #165,677
  • Edited 9:39am Nov 25, 2009 8:56am | Edited 9:39am
bought at 5045

SL 5pips tp 5085

edit: sl hit
  • #165,678
  • Nov 25, 2009 8:56am Nov 25, 2009 8:56am
Quoting franco73
bedtime for me for the rest of you have a great trading day


cheers
sleep well like a baby...dont dream of pips
  • #165,679
  • Edited 9:40am Nov 25, 2009 8:57am | Edited 9:40am
jpy is great eurjpy broke trendline - it could be heavy short sign...
  • #165,680
  • Nov 25, 2009 9:02am Nov 25, 2009 9:02am
Quoting Protogenos
Think I'm gonna sit the news out and fade afterwards whatever direction it goes.

i been telling people for months dont sell euro when its so strong,,was clouded due to usd being so weak..bad trade on my part..still in thou barely..afterwards im off till new year..trading right now is quite difficult
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