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  • #168,821
  • Dec 4, 2009 12:50pm Dec 4, 2009 12:50pm
Quoting kingfisher
SL triggered for my long position

NFP is more dangerous then trichet.

I will not trade on news day in future. Let the dust settle down.

I wonder how people make a living out of this volatility, confusion and panic.
Haha, yeah I was sitting in front on computer before NFP and said "Well I'll just put in a small trade..."

No more news trading for me either.

Anyway, 1.4850 just gave
  • #168,822
  • Dec 4, 2009 12:50pm Dec 4, 2009 12:50pm
Quoting tonyo524
Monthly close? December has just begun! What month are you referring to?
SORRY SHOULD HAVE MENTION IS OF A USDLFX CHART


I think euro fell without me
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  • #168,823
  • Dec 4, 2009 12:51pm Dec 4, 2009 12:51pm
Quoting The Fool
daily low at 1.48503 - still no touch - ain't that a laff?
If the rumor is true they just lost a bunch of money as it broke 1.485.
  • #168,824
  • Dec 4, 2009 12:53pm Dec 4, 2009 12:53pm
What happened to US trillions deficit? Did the US balance the budget in 1 day?
  • #168,825
  • Dec 4, 2009 12:53pm Dec 4, 2009 12:53pm
Quoting kingfisher
SL triggered for my long position

NFP is more dangerous then trichet.

I will not trade on news day in future. Let the dust settle down.

I wonder how people make a living out of this volatility, confusion and panic.
I wonder the same thing...totally f-ked up my trades today
  • #168,826
  • Dec 4, 2009 12:55pm Dec 4, 2009 12:55pm
Quoting Exsilium
If the rumor is true they just lost a bunch of money as it broke 1.485.
Well, thats thems problems.

Good things comes to thems thats waits thoughs.

Been waitin on that DNT since the 1.51XX's.

Basically a replay of November 20...

And I'm flat, was a helluva day.

Have a good weekend all!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #168,827
  • Dec 4, 2009 12:55pm Dec 4, 2009 12:55pm
Quoting Exsilium
Need some math help... not sure why I cant think this morning.

I have .6 lots open at 1.50675 and 1.2 lots open at 1.4901. How exactly do I calculate my average position, where my BE is at?

((0.6 x 1.50675) + (1.2 x 1.4901))/1.8 = 1.4957

Hope this helps.
  • #168,828
  • Dec 4, 2009 12:57pm Dec 4, 2009 12:57pm
Quoting wwwin
What happened to US trillions deficit? Did the US balance the budget in 1 day?

all bullshit..just about taking every1 money...
  • #168,829
  • Dec 4, 2009 12:57pm Dec 4, 2009 12:57pm
Quoting gatorinla
oh shit i need bigger chart!!! usdx at 80 now.. 3 pips away....
wow....i got out when usdx was at 75.50 =/ eurusd 1.4870 haha. Let it retrace and we get back in on tuesday.
Going to make it big by age 21.
  • #168,830
  • Dec 4, 2009 12:58pm Dec 4, 2009 12:58pm
Quoting Money Man
((0.6 x 1.50675) + (1.2 x 1.4901))/1.8 = 1.4957

Hope this helps.
Wrong ! the first guy was right... = 1.49565
  • #168,831
  • Dec 4, 2009 12:59pm Dec 4, 2009 12:59pm
Quoting SamTa
Wrong ! the first guy was right... = 1.49565

Oooops !!! Sorry, I guess you rounded it up !
  • #168,832
  • Dec 4, 2009 1:00pm Dec 4, 2009 1:00pm
Quoting dstryr
wow....i got out when usdx was at 75.50 =/ eurusd 1.4870 haha. Let it retrace and we get back in on tuesday.

u the man! dennis..u should have kept the position
  • #168,833
  • Dec 4, 2009 1:01pm Dec 4, 2009 1:01pm
ok knocked off the dust off old grand dad chart. built from conception of eu till 1998..other then candles all info in this chart is pre 1998. when in doubt whip it out. 4824 next on this list.

long wicks sink ships.. we had a new high this week... now this low, we spike many times just before reversal. look at 2008 ect.

usx at 82 now without let up
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those who can, do. those who cant, talk about those who can
  • #168,834
  • Dec 4, 2009 1:01pm Dec 4, 2009 1:01pm
Well ... 1.4850 ... my shorts closed hitting TP.

Quoting arezab
PA so far suggests to me we are most probably going to break 1.5060 to the down side. No bull pressure right now ... unless we breach 1.5090. Let's wait and see what happens.

BTW we have important news in less than 90 minutes.
Quoting arezab
Why are you in such a hurry? I think it's better to wait for the dusts to settle down. JMHO

BTW this long time uptrend won't last forever. It must end at some point.
Quoting arezab
Is another 100 pips down enough for you to be proven otherwise?

You buy it .. I target 1.4850 with my shorts for now. If that daily TL is broken then say bye bye to EU uptrend. For now H1 candle closed below it.

Daily PA show Bear pressure starting to show up.
Quoting arezab
Do you really think this kind of move specially at these levels will bounce again like before and hit 1.5200 like V ... I don't think so.
Look at H4 chart. Then look at daily PA. If the H4 candle closes below that daily TL (1.4890) which we are below it right now, it means (to me of course) that EU is almost done.

Although we might see some small retraces. Normally market doesn't continue after a daily TL break at first attempt.
I hear for every seller there is a buyer in the market. I give my thanks to those who started buying at 1.4950 and so helped me to hit my target at 1.4850 (JJ) for a nice 245 pips green today.
Discipline + Patience - Fear - Greed = Success
  • #168,835
  • Dec 4, 2009 1:01pm Dec 4, 2009 1:01pm
Well, the daily trend line is pierced, as is the 50 sma. Now to see if we get a close below both of those. If so, I will concede that we look bearish to 4625. Good luck to all.
  • #168,836
  • Dec 4, 2009 1:01pm Dec 4, 2009 1:01pm
Quoting nAVIN2007
u the man! dennis..u should have kept the position
its okay...only missed about 40 pips ...always next week. i bet azim is jumping up and down.
Going to make it big by age 21.
  • #168,837
  • Dec 4, 2009 1:02pm Dec 4, 2009 1:02pm
Quoting The Fool
(0.6(1.50675) + 1.2(1.4901))/1.8 = 1.49565
Thanks a bunch... I somehow got the same number, not sure what I did, but it wasnt that, but at least that I can put in a spreadsheet. Thanks again.
  • #168,838
  • Dec 4, 2009 1:03pm Dec 4, 2009 1:03pm
Quoting fxswing
Watching to reload longs between 1.4886 and 1.4831, on capitulation move.

We traded the 1.4844 level each week, for the last 8 weeks.
So far this week we haven't touched it... yet ?

Watching 1.5034 to the upside.
Quoting fxswing
50-60 pips stops on longs for an opportunity to milk a new high before xmas...

Will start building position below 1.4886 down to 1.4831, then once position will be loaded stops will be below 1.4800.

That's the plan, now let's see the execution...

USD/CHF above 1.0176 will be first alert of possible failure, and above 1.0223 the trade would be invalidated...
Long position fully loaded...

Trade executed as planned without second guessing.
Time for the sitting on the hands, and waiting for the trade to develop, right or wrong...
Getting it right is NOT as important as not getting it wrong.
  • #168,839
  • Dec 4, 2009 1:04pm Dec 4, 2009 1:04pm
Quoting SamTa
Oooops !!! Sorry, I guess you rounded it up !
my calculator was on four sig digits instead of five. I don't think I can buy in 1/2 pip increments anyway.
  • #168,840
  • Dec 4, 2009 1:06pm Dec 4, 2009 1:06pm
Quoting dstryr
its okay...only missed about 40 pips ...always next week. i bet azim is jumping up and down.
i wanted to tell u to keep the position, but u just never quite know..welldone thou..damn good trade
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