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EURUSD

  • #196,581
  • Feb 16, 2010 3:54pm Feb 16, 2010 3:54pm
Quoting dean walker
Hello Mr. Hatch,

If you use EAs you must use a good VPS service.
The one I use allows live migration to another server if trouble comes with no downtime loss.
Dean
hi dean, i don't use any expert advisors. i'm just using mt4 as a charting-tool.
  • #196,582
  • Feb 16, 2010 3:56pm Feb 16, 2010 3:56pm
Quoting SkyzerFX
I have 1 short on Cable, but I don't see how it's going to work.

Will probably close it soon. Bare in mind EU more likely to move higher

overnight and then tomorrow Real bunch of News, shorts might will have

10 pips relieve rally
yea eu gu and even uj all doing the exact same thing all day.
anyhow i only care for eu keep it real
  • #196,583
  • Feb 16, 2010 4:05pm Feb 16, 2010 4:05pm
On my Daily chart, I see bullish Engulfing.
See this video:
Inserted Video
  • #196,584
  • Feb 16, 2010 4:18pm Feb 16, 2010 4:18pm
Ahh Ok understood.
They do help with the "stop hunters" all brokers have these hunters so beware.
Dean


Quoting Mr Hatch
hi dean, i don't use any expert advisors. i'm just using mt4 as a charting-tool.
  • #196,585
  • Feb 16, 2010 4:20pm Feb 16, 2010 4:20pm
A Closer Look at EURUSD

By David Leal, Market Analyst | Tuesday, February 16th, 2010 22:09 UTC


Today EURUSD broke above its down trending highs that began in the middle of January. With the markets seemingly back on the risk trains, is this the beginning of a rally in the EUR? This could indeed be the beginning of a rally in both the EUR and equities, but it would be short lived.


The economic situation in Europe has not improved, in fact it has gotten worse, and we are still many months away before any central bank will begin to raise rates again. But for the short term EURUSD looks to be making a technical retrace fueled by record amounts of shorts in the EUR. This retrace could easily make its way to the 1.40 level in the EUR before coming back down to the 1.33 level.


Either of these moves can easily be played in the market. The upward move however, will faster and harder than the downward one which is usually smoother and longer lasting than a retrace.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #196,586
  • Feb 16, 2010 4:23pm Feb 16, 2010 4:23pm
Quoting realjumper
A Closer Look at EURUSD

By David Leal, Market Analyst | Tuesday, February 16th, 2010 22:09 UTC


Either of these moves can easily be played in the market. The upward move however, will faster and harder than the downward one which is usually smoother and longer lasting than a retrace.
haha, this last statement leaves you as clueless as before... the downward-move was a hard and fast as well... so which is the retracement?
  • #196,587
  • Feb 16, 2010 4:28pm Feb 16, 2010 4:28pm
Quoting Mr Hatch
haha, this last statement leaves you as clueless as before... the downward-move was a hard and fast as well... so which is the retracement?
Yeah true, but I wonder if he is referring to the downward move that he expects from the 1.40 region, rather than the downward move that has already occurred?

Either way, I think that basically he is correct......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #196,588
  • Feb 16, 2010 4:29pm Feb 16, 2010 4:29pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 36 KB
  • #196,589
  • Feb 16, 2010 4:34pm Feb 16, 2010 4:34pm
possible channels for bull reversion....ill need to see a convincing break above 38 to change my mind on the shorts....my stops are above 38 where im sure that there are lots of stops....i dunno about the validity of this spike, something smells fishy like we might see some nice volatility to come
Attached Image (click to enlarge)
Click to Enlarge Name: eufebv16.jpg Size: 173 KB
  • #196,590
  • Feb 16, 2010 5:02pm Feb 16, 2010 5:02pm
Gator,

Was that enough respect @ 3743?
  • #196,591
  • Feb 16, 2010 5:06pm Feb 16, 2010 5:06pm
Quoting uraceulose
Gator,

Was that enough respect @ 3743?

i think gators celebrating mardi gras!
  • #196,592
  • Feb 16, 2010 5:08pm Feb 16, 2010 5:08pm
Quoting mfoste1
i think gators celebrating mardi gras!
Good for him! He prolly needs a lil break, I'm learning pretty quick the amount of hours that must be put in at weird hours to succeed day in and day out at this stuff.
  • #196,593
  • Feb 16, 2010 5:10pm Feb 16, 2010 5:10pm
scratch that post of mine about 3743...I thought 3763...we didn't really stop at 3743
  • #196,594
  • Feb 16, 2010 5:11pm Feb 16, 2010 5:11pm
Quoting uraceulose
Good for him! He prolly needs a lil break, I'm learning pretty quick the amount of hours that must be put in at weird hours to succeed day in and day out at this stuff.
so, you are going to change shifts with gator?
  • #196,595
  • Feb 16, 2010 5:16pm Feb 16, 2010 5:16pm
Quoting uraceulose
Good for him! He prolly needs a lil break, I'm learning pretty quick the amount of hours that must be put in at weird hours to succeed day in and day out at this stuff.

My sleep scheme has been pretty outta wack for about a year now...i guess im used to it now....i usually do research all asian session/place trades till about 11am next morn then take a 3hr nap, classes, then 1 hr nap and start it all over again....its paid off very well though cant complain. If you need solid 8hrs a day sleep, this biz isnt for you(that is if ur a serious trader). The harder u work the more success u will have


3741-43 is very significant, i have it marked on previous chart
  • #196,596
  • Feb 16, 2010 5:17pm Feb 16, 2010 5:17pm
Quoting Mr Hatch
so, you are going to change shifts with gator?

lol ... these guys made me laugh

there are only really three session eu really moves / trends

1) 1600 to 2200 hours pst thri Asia , if a trend develops it is 50 to 80 pips
2) 0000 to about 3 am pst ( london session)
3) my zone ... 5am to 9 am PST ... that is where I make all my $$$

choose one make 50 pip per day and be happy ... no matter what the trend
Blogging daily now at www.volume.zone
  • #196,597
  • Feb 16, 2010 5:19pm Feb 16, 2010 5:19pm
Quoting Mr Hatch
so, you are going to change shifts with gator?
How you doin today mr hatch?

lol, I really can't fill his shoes. I'm still trying to figure out exactly what math he uses as those ass charts are tough to beat.

I'm actually at work atm at really can't work on my charts(I was lazy last night and didn't draw up the new ones). I'll get a couple of charts up here within the next couple of hours though.

I'm curious to see what the numbers are after the day we just had.

Talk to you guys soon,

Donnie
  • #196,598
  • Feb 16, 2010 5:19pm Feb 16, 2010 5:19pm
Quoting mfoste1
My sleep scheme has been pretty outta wack for about a year now...i guess im used to it now....i usually do research all asian session/place trades till about 11am next morn then take a 3hr nap, classes, then 1 hr nap and start it all over again....its paid off very well though cant complain. If you need solid 8hrs a day sleep, this biz isnt for you(that is if ur a serious trader). The harder u work the more success u will have


Disagree with you 100 % .

I took 2 trades today only ... gu lopng for 150 pip and eu long riding on 100 pip , all it took was 2 hours.

work smart not harder ...

working hard and staring at screen for hours a day in this game will do nothing then burn you out quickly.

In FX ALWAYS the max volume in the market is 5 am to 8:30 am pst ...3.5 hours for work and I can sleep the rest of the day if I like
Blogging daily now at www.volume.zone
  • #196,599
  • Feb 16, 2010 5:22pm Feb 16, 2010 5:22pm
Quoting uraceulose
How you doin today mr hatch?

lol, I really can't fill his shoes. I'm still trying to figure out exactly what math he uses as those ass charts are tough to beat.

I'm actually at work atm at really can't work on my charts(I was lazy last night and didn't draw up the new ones). I'll get a couple of charts up here within the next couple of hours though.

I'm curious to see what the numbers are after the day we just had.

Talk to you guys soon,

Donnie

hi donnie,

i'm still walking through the valley of fear in sheer darkness, as i can't figure out how to decide how much effort is needed to crack a certain level. no losses though, very small gains, 'cause i did not participate in the upwards move and keeping my feet dry atm.
  • #196,600
  • Feb 16, 2010 5:27pm Feb 16, 2010 5:27pm
Quoting malcolmb14
[/b]

Disagree with you 100 % .

I took 2 trades today only ... gu lopng for 150 pip and eu long riding on 100 pip , all it took was 2 hours.

work smart not harder ...

working hard and staring at screen for hours a day in this game will do nothing then burn you out quickly.

In FX ALWAYS the max volume in the market is 5 am to 8:30 am pst ...3.5 hours for work and I can sleep the rest of the day if I like

everyone is different....i need to stay around charts all day to stay focused and on top of my game....some dont need that, i do. I do make longer term trades that i might hold for 2-3days, but i also scalp every session.
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