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EURUSD

  • #200,941
  • Feb 23, 2010 5:51am Feb 23, 2010 5:51am
Price just broke yesterday low.
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If you're not part of the solution then you're part of the problem.
  • #200,942
  • Feb 23, 2010 5:51am Feb 23, 2010 5:51am
Quoting maurofx
Congrats again!! Now price stopped @ S1 and 50% of the drop since today highs...you ment this FIBO level in your analysis?? I guess if we break through we'll be seeing new lows...this move has a lot of strenght...and don't forget we have important news form US in a couple of hours..
Yes. This push below both the S1 and 50 fib might not hold over the next few minutes, but it means that pending orders at these levels were outnumbered by sells, so IMO it's only a matter of time before we see 3540,3530,3500.

There is a chance that with the right news we could see new lows by the end of NY session, but I'm just trailing my stops and adding on retraces.
  • #200,943
  • Feb 23, 2010 5:52am Feb 23, 2010 5:52am
Quoting Fx Newbie
what kind of stop loss would u guys advice for a micro account because i saw that downtrend but got stop out because of my tight stop loss
You can micro account with thousand of dollars
Depending on how much you got...but 2% percent of your account is a reasonable stop loss....up to you
COT: The precious data ignored
  • #200,944
  • Feb 23, 2010 5:54am Feb 23, 2010 5:54am
Daily chart.

Going to hold short for 36 hours.

Goodnight.
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  • #200,945
  • Feb 23, 2010 5:54am Feb 23, 2010 5:54am
Quoting Fx Newbie
what kind of stop loss would u guys advice for a micro account because i saw that downtrend but got stop out because of my tight stop loss
A good way to look at stops is to look at support and resistance. If you entered at 1.3680, resistance was at 1.3691. Place your stop above that if you want. Mine was at 95.

Support at the time was about 1.3675. Once we broke below that, you'll see the price came back up to 1.3670 before continuing down, so you could have moved your Stop to 1.3680, BreakEven. Once we broke below the next support, move your stop to just above that. I find it better to manually move my stops once support/resistance is broken than to have automatic trailing.
  • #200,946
  • Feb 23, 2010 5:55am Feb 23, 2010 5:55am
Quoting dvdsurplus
Daily chart.

Going to hold short for 36 hours.

Goodnight.
what s your target ?
Andreyou
  • #200,947
  • Feb 23, 2010 5:57am Feb 23, 2010 5:57am
I took my hundred out a couple days ago and a little less this morning on yesterday's long...but keep adding to your short....

Quoting EasyTrader
A lovely bear trap...It gave me more than 100 PIPS...
In Charts We Trust!
  • #200,948
  • Feb 23, 2010 5:59am Feb 23, 2010 5:59am
Quoting AmeriTrini
Is this a joke?
Ant and the Grasshopper

I consider X.Oden as an Ant, atleast he is trying ......
  • #200,949
  • Feb 23, 2010 6:00am Feb 23, 2010 6:00am
Quoting majorusa
Price just broke yesterday low.
This little 'short' piggy went weeeeeeeeee

all the way home
  • #200,950
  • Feb 23, 2010 6:02am Feb 23, 2010 6:02am
Good morning.. Well I slept over all the pips.. Looking at the chart

and see huge rise then drop in EU/Cable. What kind of news cause this?

More than 150 pips drop? What is the reason?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #200,951
  • Feb 23, 2010 6:03am Feb 23, 2010 6:03am
Possible retracement toward 1.3580-1.3600 until Wall Street wakes up then down to 1.3500
COT: The precious data ignored
  • #200,952
  • Feb 23, 2010 6:03am Feb 23, 2010 6:03am
Quoting kuroro001
Possible retracement toward 1.3580-1.3600 until Wall Street wakes up then down to 1.3500
exactly for that reason i closed my short...

108.3 pips
  • #200,953
  • Feb 23, 2010 6:04am Feb 23, 2010 6:04am
Price is temporarily strangulated around S1 right now trying to make it to 1.3531
In Charts We Trust!
  • #200,954
  • Feb 23, 2010 6:04am Feb 23, 2010 6:04am
Quoting SkyzerFX
Good morning.. Well I slept over all the pips.. Looking at the chart

and see huge rise then drop in EU/Cable. What kind of news cause this?

More than 150 pips drop? What is the reason?
Morning'
King killed the pound like always.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #200,955
  • Feb 23, 2010 6:04am Feb 23, 2010 6:04am
Quoting SkyzerFX
Good morning.. Well I slept over all the pips.. Looking at the chart

and see huge rise then drop in EU/Cable. What kind of news cause this?

More than 150 pips drop? What is the reason?

Probably because the cycle trend is still down and buyers were running out of steam. Then we hit resistance and the bears came back to play.
  • #200,956
  • Feb 23, 2010 6:06am Feb 23, 2010 6:06am
Quoting kuroro001
Possible retracement toward 1.3580-1.3600 until Wall Street wakes up then down to 1.3500
amen to that.

Buckle up for the ride down chaps. Gunna be one hell of a ride.

Bulls are getting nervous in here.
  • #200,957
  • Feb 23, 2010 6:06am Feb 23, 2010 6:06am
Everything drop at ones Metals/OIL/ Currencies.. at 5AM?

That's some kind of intervention/manipulation.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #200,958
  • Feb 23, 2010 6:06am Feb 23, 2010 6:06am
Quoting SkyzerFX
Everything drop at ones Metals/OIL/ Currencies.. at 5AM?

That's some kind of intervention/manipulation.

Lol, yes, possibly Divine!

It was divine to my shorts.
  • #200,959
  • Feb 23, 2010 6:07am Feb 23, 2010 6:07am
rule 1 - you see your chart go from top left to bottom right, its bearish.

Rule 2 - you see your chart go from bottom left to top right thats bullish.

Cant see us at rule 2 at all just yet....so i sell dem rallies.
  • #200,960
  • Feb 23, 2010 6:08am Feb 23, 2010 6:08am
Buy S1 with a stop below low of the day.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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