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  • #176,941
  • Jan 3, 2010 6:31pm Jan 3, 2010 6:31pm
Quoting FX-Petra
Well, the holidays are over...time to start trading again. When last we left, I got stopped out on the down side. Now what to do? I am a swing trader, and I do not see anything on the daily charts that causes me to place a trade at this time. Above 4460 would indicate possible uptrend resumption. If that happened I would wait for a pullback to see if the swing low would hold. Below 4215 would signal continued downside. In that case, I would wait for a pullback to get short, and see if we could get some kind of downward channel going. No trades for...

Hi Fx-Petra .... hope all is well...

look at USDJPY... I'm short from 31 Dec. in the last minutes of the session.
the step where I will see how the market react is at 92,60 ( Monthly level)

attached a 4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY-4H.JPG Size: 83 KB
The best thing that can happen to you is to find out where you're wrong.
  • #176,942
  • Jan 3, 2010 6:31pm Jan 3, 2010 6:31pm
Quoting kiadanai
btw,jokes aside,someone know why 1.43046 is so important as a support?
i cant find any indicator.
only possibile reason i see is that it was support/resistance for the last days.
is that it?
61.8 fib of last rally on 4h it could be point d of wave 4 . its a good buy third point on lower tl
  • #176,943
  • Jan 3, 2010 6:34pm Jan 3, 2010 6:34pm
i see.

i woul've never noticed it.

well i just hope price will drop where he reversed last time.
  • #176,944
  • Jan 3, 2010 6:49pm Jan 3, 2010 6:49pm
Hey everyone, I hope all are well in this new year. I took my trading break after dec 12 and I havent really been on here at all or trading since then. Im glad i stayed out since most pairs were choppy, which i cant stand trading, but I believe we might be in for some more range trading.
  • #176,945
  • Jan 3, 2010 7:02pm Jan 3, 2010 7:02pm
Well ... from now (4279)... I'm long
The best thing that can happen to you is to find out where you're wrong.
  • #176,946
  • Jan 3, 2010 7:04pm Jan 3, 2010 7:04pm
Long @ 1.4275
  • #176,947
  • Jan 3, 2010 7:10pm Jan 3, 2010 7:10pm
Quoting Driver55
Well ... from now (4279)... I'm long
good luck driver . i m long as well . i hope it works
  • #176,948
  • Jan 3, 2010 7:23pm Jan 3, 2010 7:23pm
^

good luck... are needed....
Let us be green
  • #176,949
  • Jan 3, 2010 7:27pm Jan 3, 2010 7:27pm
yes, MACD IS MY PRIMARY STRATEGY SIGNAL. BUT I SEE THE CHARTS FIRST. MACD ON 1HR 30MN 15MIN IS ON ITS FINAL DESTINATION TO THE BOTTOM. SO IM LONG AT 1.4280 I HEDGE FROM 1.4330 TO 1.4305. IF WE CLOSE THE 4HR CANDLE IN 90 MINUTES ABOVE 1.43 THEN AT LEAST WE ARE TOUCHING 1.4350
  • #176,950
  • Jan 3, 2010 7:41pm Jan 3, 2010 7:41pm
those trying to long now be a little careful dx is above 78.45 and there seems to be lack of buying interest in eu

it may take till london session and 1,4240 / 1.4220 test to go long

in fact we are under the low of Dec 31 at 1.4303 and until we gewt a 30 min close above that going long is just assuming to much risk. ( well for me anyway)

better to wait for rallies and sell each one if scalping...

if we get 30 min close above 1.4330 then I may revisit this

Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 190 KB
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  • #176,951
  • Jan 3, 2010 7:43pm Jan 3, 2010 7:43pm
what kind of stops do you guys have on those longs? was just wondering
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #176,952
  • Jan 3, 2010 7:47pm Jan 3, 2010 7:47pm
Took some shorts from 1.4303 , closed them with profit @ 1.4286.. (playing it safe..)
re-entered another short, after confirmation of a break. watching this one
Attached Image (click to enlarge)
Click to Enlarge Name: eujan3rd.jpg Size: 119 KB
lowest draw down possible please.
  • #176,953
  • Jan 3, 2010 7:49pm Jan 3, 2010 7:49pm
i agree, i like to watch the daily chart and even there we have some pin bars and just doesnt look like it wants to bounce back yet, of course depending on your trading time frame still looks down to me. also its opposite pair usdchf looks to want to go up also on the longer time frame
Quoting malcolmb14
those trying to long now be a little careful dx is above 78.45 and there seems to be lack of buying interest in eu

it may take till london session and 1,4240 / 1.4220 test to go long

in fact we are under the low of Dec 31 at 1.4303 and until we gewt a 30 min close above that going long is just assuming to much risk. ( well for me anyway)

better to wait for rallies and sell each one if scalping...

if we get 30 min close above 1.4330 then I may revisit this

Attachment
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #176,954
  • Jan 3, 2010 7:51pm Jan 3, 2010 7:51pm
Quoting gatorinla
levels

IF lower move continues.

math says 4312, chart blue nearest lines say 43045


a little lower math says 4260

still looking for 4323 because some black boxes are still set for this residual value but its invalid mostly. but its the holidays some some may be still on.

i tried to retire this chart but still unable too. use the 50% rule between levels with like colored lines. you can use 25% also if you want to figure out if charts are working. working charts respect levels on smaller tf.
4209...
i dont expect this to hold but a bounce can give another entry for short (short term only). maybe too 43045. nearest number to 4260 at 4257 or 59... nothing has changed in the big picture.
those who can, do. those who cant, talk about those who can
  • #176,955
  • Jan 3, 2010 7:52pm Jan 3, 2010 7:52pm
Malc, you get your Porsche Cayenne??

Consider a decent 3rd party warranty on that beotch , if it doesn't have any manufacture warranty left.
lowest draw down possible please.
  • #176,956
  • Jan 3, 2010 7:54pm Jan 3, 2010 7:54pm
Quoting ehrek
Malc, you get your Porsche Cayenne??

Consider a decent 3rd party warranty on that beotch , if it doesn't have any manufacture warranty left.
I like them but cannot seem to justify the gas bill .i may settle for a new x5 instead
Blogging daily now at www.volume.zone
  • #176,957
  • Jan 3, 2010 7:58pm Jan 3, 2010 7:58pm
Careful guys & gals, to me she's looking short. Could get a trace and back down. Wouldn't doubt if we see 4240/4224.
  • #176,958
  • Jan 3, 2010 8:01pm Jan 3, 2010 8:01pm
I will not do any advices here, but be very careful about longs.
I have posted in my blog last Saturday a short trade plan with a break at 1.4302 and now 1.4255/60 level if goes, I would be scared holding longs.

I played already with longs and my bull view to go to 1.45xx/1.46xx are trembling right now, let's see if this break it is a true one or no.
  • #176,959
  • Jan 3, 2010 8:02pm Jan 3, 2010 8:02pm
Quoting malcolmb14
I like them but cannot seem to justify the gas bill .i may settle for a new x5 instead
Totally understandable. I was considering one, but 20/25L per 100km fuel consumption, awful reliability and high maintaince + costs were definitely a deterrent as well.
lowest draw down possible please.
  • #176,960
  • Jan 3, 2010 8:09pm Jan 3, 2010 8:09pm
watch it bounce off my tl (or penetrate it! ha)
lowest draw down possible please.
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