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EURUSD

  • #169,961
  • Dec 8, 2009 3:15pm Dec 8, 2009 3:15pm
Dont sleep dude this is going to be the last trade of your life
  • #169,962
  • Dec 8, 2009 3:16pm Dec 8, 2009 3:16pm
Back to trading, lets see if the glue holding it to 4700 is letting go now and if the retrace continues to 4625
  • #169,963
  • Dec 8, 2009 3:17pm Dec 8, 2009 3:17pm
Quoting wormboy
Possible retrace setup for long towards 4830 level at least, as price had arrived @4680 zone with bullish divergence pressuring. A strong reversal close within the next hour or so would suggest that a pullback is likely. A close below 4655 level will invalidate the setup.
Good luck & trade safe
So far so good for retrace. 4680 touched almost to the pip and pulled.
Let's see if we'll see 4830 first before we catch the next ride to the lower levels.
Currently long from 4686 with hard stop placed 20 pips lower.

Chart :
1. http://www.forexfactory.com/attachme...8&d=1260299597

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: euh1a.JPG Size: 77 KB
Thank You
  • #169,964
  • Dec 8, 2009 3:18pm Dec 8, 2009 3:18pm
Quoting vinesh2
Dont sleep dude this is going to be the last trade of your life
  • #169,965
  • Dec 8, 2009 3:19pm Dec 8, 2009 3:19pm
Thanks for the vouch
  • #169,966
  • Dec 8, 2009 3:21pm Dec 8, 2009 3:21pm
I think 1.468 should hold but never know it might just keep going down as a squeeze play
  • #169,967
  • Dec 8, 2009 3:22pm Dec 8, 2009 3:22pm
Quoting realjumper
For what it's worth......'missing out' on a trade is of no consequence, for there will be another trade tomorrow, or the next day, or the next. I protect my capital at all costs, first and foremost.
Yes it is, because it is a missed opportunity. There will be future opportunities, but that's no excuse not to take advantage of a current one. Forgetting/ignoring it doesn't make it any lesser of a missed opportunity. The issue isn't protection of capital.
  • #169,968
  • Dec 8, 2009 3:22pm Dec 8, 2009 3:22pm
Gator i have been long UJ at 88.40 also
  • #169,969
  • Dec 8, 2009 3:27pm Dec 8, 2009 3:27pm
Quoting vinesh2
Gator i have been long UJ at 88.40 also
i was.. i bailed.. i had too many open... gu has been good to me.. cad and eu not so bad either.. but gu has lots of fruit on its vine..
those who can, do. those who cant, talk about those who can
  • #169,970
  • Dec 8, 2009 3:31pm Dec 8, 2009 3:31pm
Quoting gatorinla
i was.. i bailed.. i had too many open... gu has been good to me.. cad and eu not so bad either.. but gu has lots of fruit on its vine..
This is probaly a dumb question, but why do you call it ass chart?
All that is left in FF is just plain garbage. "Cloggie"
  • #169,971
  • Dec 8, 2009 3:31pm Dec 8, 2009 3:31pm
Nice one on UCAD dude. I know u got in at low 1.05 nice one. That pair has been my meneses defintily need to figure that one out. hoping UJ would be the trade of the year for me. I am targetting mid 91 region but who knows Dec you cant really tell
  • #169,972
  • Dec 8, 2009 3:36pm Dec 8, 2009 3:36pm
Quoting tonyo524
This is probaly a dumb question, but why do you call it ass chart?
been wondering the same thing
  • #169,973
  • Dec 8, 2009 3:36pm Dec 8, 2009 3:36pm
Gator,

Since price retraced back to the 4709 area....do we need to use the other chart?

Are you looking at this area to hold or a retrace higher according to your charts?......

I am kicking myself for taking a SHORT at the 4682 area that was pierced......

Thanks
  • #169,974
  • Dec 8, 2009 3:43pm Dec 8, 2009 3:43pm
Quoting IMARICH1
Gator,

Since price retraced back to the 4709 area....do we need to use the other chart?

Are you looking at this area to hold or a retrace higher according to your charts?......

I am kicking myself for taking a SHORT at the 4682 area that was pierced......

Thanks
Just typical round number pole dancing, it will need an impetus to move away from a round number and with the time of day, the close of NY may give it the impetus; I feel fairly confident it will test 4625 before heading back north.
  • #169,975
  • Dec 8, 2009 3:44pm Dec 8, 2009 3:44pm
Quoting gatorinla
i was.. i bailed.. i had too many open... gu has been good to me.. cad and eu not so bad either.. but gu has lots of fruit on its vine..
GU is a wild ride, you must like excitement
  • #169,976
  • Dec 8, 2009 3:44pm Dec 8, 2009 3:44pm
Quoting IMARICH1
Gator,

Since price retraced back to the 4709 area....do we need to use the other chart?

Are you looking at this area to hold or a retrace higher according to your charts?......

I am kicking myself for taking a SHORT at the 4682 area that was pierced......

Thanks
me too - got a bit keen...
  • #169,977
  • Dec 8, 2009 3:44pm Dec 8, 2009 3:44pm
Quoting tonyo524
This is probaly a dumb question, but why do you call it ass chart?
because those numbers were posted in october. many were skeptical. but i often today see the same guys post those levels. they may add/subtract a pip, but its the same level. so i said i pulled numbers out my ass.. so now they are ass numbers. anyway all info contained in them come from october. excluding trendlines and candles.. some fib channels are older then 10 years..
those who can, do. those who cant, talk about those who can
  • #169,978
  • Dec 8, 2009 3:55pm Dec 8, 2009 3:55pm
Quoting IMARICH1
Gator,

Since price retraced back to the 4709 area....do we need to use the other chart?

Are you looking at this area to hold or a retrace higher according to your charts?......

I am kicking myself for taking a SHORT at the 4682 area that was pierced......

Thanks
just wait until support is broken and holds.. use mm and if support becomes resistance then place sl just above.. even if it breaks it and moves. it will probably come back... or close to it. with a small position on a big move you can always add... i dont know IF or when to use other chart you have to watch pa around the numbers. but they further the move the less smaller chart will work.. smaller ass chart goes to below 43xx. as with all predictive ass charts a strong s/r trump them. so im respecting this area. it may invalidate ass chart. as well as 4609
those who can, do. those who cant, talk about those who can
  • #169,979
  • Dec 8, 2009 3:55pm Dec 8, 2009 3:55pm
Quoting jp09
me too - got a bit keen...
She may get below 4700 again shortly....
  • #169,980
  • Dec 8, 2009 3:56pm Dec 8, 2009 3:56pm
Quoting Mr J
Yes it is, because it is a missed opportunity. There will be future opportunities, but that's no excuse not to take advantage of a current one. Forgetting/ignoring it doesn't make it any lesser of a missed opportunity. The issue isn't protection of capital.
Yes it is....it most certainly is.

You and I miss opportunities all the time, simple because we cannot trade all the time....we have to eat and sleep etc etc etc.

The reason that it is an issue of protecting your capital is because when you have no position in the market, your capital is not at risk. If you see what you consider to be a 'sure thing' type trade, go for it!! When your wondering whether or not to trade a trade because of a possible retrace or continuance, you are either going to be right or wrong. A 50% risk.

I would rather sleep with no position open, that to have a 50/50 risk trade open. If I miss out on a trade, I don't care......I'll catch the next one.

It's simply not possible, practical or sensible to try and catch every possible trade, for fear of missing out!

However, you must trade the way you want, as must I.

Good luck
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