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  • #202,801
  • Feb 25, 2010 12:02pm Feb 25, 2010 12:02pm
First short order filled @ 1.3524....second waiting @ 1.3548

Huge candle on the 30mn with almost no vol at all...looks like a bull trap to catch long

I'd stay cautious with longs from now on... it might still reach the next resistance at 1.3548 then reverse there
COT: The precious data ignored
  • #202,802
  • Feb 25, 2010 12:02pm Feb 25, 2010 12:02pm
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  • #202,803
  • Feb 25, 2010 12:04pm Feb 25, 2010 12:04pm
Quoting Mr Hatch
i'd like to see a single buy signal on this weekly chart.
suport
  • #202,804
  • Feb 25, 2010 12:04pm Feb 25, 2010 12:04pm
My long at 1.3472, but I have others above, My view it is for Medium/Long Term, so it will not be 80 or 100 pips that will do something to my account.

Levels to watch now is 1.3577/88 area, but with this Trend after cross some important resistance levels PA can drop like a rock, what bulls must do it is to wait and see or hedge and pray.
  • #202,805
  • Feb 25, 2010 12:06pm Feb 25, 2010 12:06pm
Quoting uraceulose
i c thanks man. I don't remember that bond auction but I'll google it and figure out what was the deal.
http://euobserver.com/9/29338

well one fast source. to get an idea.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #202,806
  • Feb 25, 2010 12:07pm Feb 25, 2010 12:07pm
Upthrust on high vol on the 5mn chart....cautious with longs guys
But we still can move higher

Target for my short is at least 1.3470
COT: The precious data ignored
  • #202,807
  • Feb 25, 2010 12:07pm Feb 25, 2010 12:07pm
thank you DMA
  • #202,808
  • Feb 25, 2010 12:09pm Feb 25, 2010 12:09pm
@ Xismal

Hi mate, i'm newbie like you, but one thing I already found out - There aren't any secret indicators or secrets in this game.
''That's all it takes really - pressure and time''
  • #202,809
  • Feb 25, 2010 12:10pm Feb 25, 2010 12:10pm
1st trade hit sl 10. In sell again At 3521. Its in a range. See you at 3590.
  • #202,810
  • Feb 25, 2010 12:11pm Feb 25, 2010 12:11pm
Quoting kuroro001
Upthrust on high vol on the 5mn chart....cautious with longs guys
But we still can move higher

Target for my short is at least 1.3470
pump @ lunch, equals bloody dinner

Stockmarket is not reacting, looking indeed very suspicious
  • #202,811
  • Feb 25, 2010 12:11pm Feb 25, 2010 12:11pm
Quoting acsand
Where are all you "buy euro" comedians with your fancy charts with 400 squiggly lines and your overly wordy 'crystal ball' fundamental commentary?? You seem silent since about a half hour ago.

Come on. I need some comedy.

this is not a good way to ask for explanations on why some one made the decision on the long direction today.

i can easily show you a daily chart with one standard indicator only on it that tells you to close your shorts and stay away from shorting .

seems you like to learn the hard way .
I SEE YOU !!
  • #202,812
  • Feb 25, 2010 12:15pm Feb 25, 2010 12:15pm
Quoting Bleek
Looks like a nice headwind should turn the market south of 3537-45 for a scalp. Depends on the 1H and 30M PA, double high lower close would be my entry for +10 (10 contracts - TP $1,000).

SHORT scalp 3504 on the 1H bar right now, only looking for 10-20 pips.
That's twice today I've made cock on calls, gotta love the EURUSD!

3537 was hit on the nose, made a lovely short too, profit taken at daily support 3466.
"I made all my money by selling too soon"
  • #202,813
  • Feb 25, 2010 12:15pm Feb 25, 2010 12:15pm
Price just closed above 200 EMA on M15 chart.
If you're not part of the solution then you're part of the problem.
  • #202,814
  • Feb 25, 2010 12:20pm Feb 25, 2010 12:20pm
Quoting Bleek
That's twice today I've made cock on calls, gotta love the EURUSD!

3537 was hit on the nose, made a lovely short too, profit taken at daily support 3466.
nice one!! what is your next move? Short eur or going to the pub for celebration?
  • #202,815
  • Feb 25, 2010 12:21pm Feb 25, 2010 12:21pm
You may be not that far off. My personal belief is simple the market moves by fundamentals and then at the same time you have the big market movers in the game like Citigroup, Golman & Sachs and a few others not many though.
These big guys work with each other back and forth so it is really trading currency between them. If Goldman & Sachs needs the market to go long or short this small group gets together and makes it that way. Of course the favor is always returned. Now you have us the very small retail trader. We use our TA and it usually gives us better than 60%-75% if your really good.
However none of this works if one of the market makers need to turn in a favor to another market maker. The bottom line is the big guys, market markers will use the fundmentals to enter and change the direction of where they want the market to go.
Our only saving grace is when the market gets down to our level we can use PA history to our benefit however there again as long as no favor is due.
When such a favor happens. We say It's Forex it will do what it wants to do..

Ok back to trading
I need to make up a nice size loss on a buy position..

Dean



Quoting DMA Trader
well last week there were rumors that private investors are willing to lend them money. like big banks. remember last bond acution in greece. thay paid big yeld but they got all the money they wanted. so maybe there is money both for them and spain. or maybe irland, portugal. they just want a bigget interest on the loan. since all now is correlated with CDS.
  • #202,816
  • Feb 25, 2010 12:24pm Feb 25, 2010 12:24pm
Quoting TudorJonesJR
pump @ lunch, equals bloody dinner

Stockmarket is not reacting, looking indeed very suspicious

I still want the market to go higher though
I have ammunitions above
COT: The precious data ignored
  • #202,817
  • Edited Feb 26, 2010 11:44am Feb 25, 2010 12:24pm | Edited Feb 26, 2010 11:44am
Quoting TudorJonesJR
nice one!! what is your next move? Short eur or going to the pub for celebration?
...just collecting profits on my BRENT short and then the pub could be a good idea!

I wouldn't take a position right now, lots of traffic a 3515 so a SHORT could lose steam.

I'm in no rush so I'm looking for something towards 3466 or around 664-71.

Tomorrow being a Friday and the last day of the month means I typically won't trade anyway!
"I made all my money by selling too soon"
  • #202,818
  • Feb 25, 2010 12:26pm Feb 25, 2010 12:26pm
i'm long since .3490
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  • #202,819
  • Feb 25, 2010 12:28pm Feb 25, 2010 12:28pm
yes, six weeks of lower highs, it is very bull..
http://img26.imageshack.us/img26/9874/264y.gif
Quoting majorusa
Why did you closed the longs? On H4 there are only bullish signs.
  • #202,820
  • Feb 25, 2010 12:32pm Feb 25, 2010 12:32pm
Quoting colin77
i'm long since .3490
Hi Colin77, I was asking Lawgirl21 who was using your indicator earlier.

Coudl you elaborate a little on your trading indicator? You mentioned that you enter a trade when a new candle is formed.

Does that mean that:

1) Indicator changed color (e.g. from red to green), you wait for a candle to change color before entering?

2) Do you wait for that first candle to close first before entering?

3) Also, you trade entries depend on the color? Buy for green and red for sell or depend on the candle?

4) Finally, when you mentioned parameters 5,2, does this mean - Ntbr Periods set to 5 and Mutiplier set to 2 on Meta Trader (first time using it).

Thanks.
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