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  • #210,381
  • Mar 12, 2010 4:58am Mar 12, 2010 4:58am
going short at 3780 for the big retrace
  • #210,382
  • Mar 12, 2010 4:59am Mar 12, 2010 4:59am
Quoting stallionez
Yes, but i would prefer to see more volume, to show people are closing and reversing.
True, vol not convincing, but it is also a generally quiet time of day.

Certainly needs confirmation given the strength of the bull run.

G-Man
  • #210,383
  • Mar 12, 2010 5:01am Mar 12, 2010 5:01am
Quoting G-Man
True, vol not convincing, but it is also a generally quiet time of day.

Certainly needs confirmation given the strength of the bull run.

G-Man
Im with you. I have a niggle that we may want one more push to 1.3830 then goodnight Vienna and a big old reversal during US session.
  • #210,384
  • Mar 12, 2010 5:02am Mar 12, 2010 5:02am
Tight SL, Great RRR.

http://www.forexfactory.com/showpost...&postcount=210
  • #210,385
  • Mar 12, 2010 5:02am Mar 12, 2010 5:02am
Quoting Fx Newbie
what Your SL Sir
The SL and TP are too far away to matter. The trades are managed on price action by EAs based on stochastics.
Do not focus on making money; focus on protecting what you have.
  • #210,386
  • Mar 12, 2010 5:04am Mar 12, 2010 5:04am
Quote
excuse my ignorance but what makes u believe the run up is exhausted?

I am a long term euro short..this present one day green candle does not change the trend.

Also the market mindset repeats and do the same thing again and again:

From june 2009- august 2009, there was a pause in an uptrend and markets range and created the same moves- 300-400 pips up and down.

These are same range movements- 300-400 pips up and down before market resume its downtrend.

Range movements neutralises RSI and attract fresh sellers at higher levels (if the main trend /theme is down).

Anyone can open a daily chart in E/U and see the market behaviour from May 31, 2009 till august 2, 2009- A pause in main trend (uptrend) and a ranging markets. During that time, every red candle would have been interpretated as a change in trend which obviously was not.
  • #210,387
  • Mar 12, 2010 5:05am Mar 12, 2010 5:05am
Quote
Tight SL, Great RRR.

http://www.forexfactory.com/showpost...&postcount=210

Great trade...RRR looks impressive !
  • #210,388
  • Mar 12, 2010 5:05am Mar 12, 2010 5:05am
Quoting plan-b
Might move towards the upper trend line before the bear continues

First target 1.3705 and then 1.3780

If rejected at that falling line it presents a perfect short entry level


Attachment
As expected
Some drink at the fountain of knowledge. Others just gargle !
  • #210,389
  • Mar 12, 2010 5:05am Mar 12, 2010 5:05am
E/U curently at 1.3774 I project a close of 1.3690.

5AM EST hour bar opened and closed out side upper bollinger RSI 81 as it bumped the FEB hi of 1.3789.

Was flat going into the night had a sell order at 1.3775 based on the FEB high didnt actually think it would get filled but it did. Looking to close down just under 1.3700 for the weekend
+ Charts Happen
  • #210,390
  • Mar 12, 2010 5:06am Mar 12, 2010 5:06am
seems quite shocking but i see a short target now to 3730-3715
which will be a buying area.

but I wont short it I will wait to see it and buy it
I SEE YOU !!
  • #210,391
  • Mar 12, 2010 5:10am Mar 12, 2010 5:10am
Quoting gatorinla
currency pairs =commodity pairs

If and when it pops it not uncommoun that the first pop be a headfake. math says 3744 and 3751. but it would have to get past 3690.5....also if for some reason its rejected at 3690.5 or 3718 or 3737 dont get comfortable longing it. ..... yesterdays bear numbers still valid.

later more sun to enjoy
gu target 5182 plus slip.. not here yet
3751 is the original, the newer one said 3756 plus slip. we are above both, usually we come back to these and go even below. slippage this far seems bullish. next math number is 3887 using the newer numbers. i dont have them but the original was 3850ish area.
in bigger bear charts here are some levels that may act as s/r 3542 3651 3785 3920 another chart 3644 3737 3822.
building smaller shorts while looking for rejection at levels. will build larger ones on the way down, IF. more to come
those who can, do. those who cant, talk about those who can
  • #210,392
  • Mar 12, 2010 5:12am Mar 12, 2010 5:12am
Kingfisher very good post
Prices oscillate, trends persist. Trend is your friend.
  • #210,393
  • Mar 12, 2010 5:15am Mar 12, 2010 5:15am
mon ami ça c'est la galere, this is bullshit, this euro moving up like that with any reason :s
High risk High return!
  • #210,394
  • Mar 12, 2010 5:15am Mar 12, 2010 5:15am
Quoting dbfusion
seems quite shocking but i see a short target now to 3730-3715
which will be a buying area.

but I wont short it I will wait to see it and buy it
Yap,


A daily close above 1.3730 would be confirmation to add to longs

Took half off the table from 1.358
Some drink at the fountain of knowledge. Others just gargle !
  • #210,395
  • Edited 5:33am Mar 12, 2010 5:20am | Edited 5:33am
Quoting gatorinla
thats the one thing i worry about st. if aud weakens it may strengthen euro at times. untill they equalise. ea had gone up (new high if i recall correctly) i caught 2000 pips on the rise. before this big drop its been doing for close to a year now. usd and euro could strenthen against currency pairs at the same time. whatever one is stronger comparible of the 2 is the better one to short currency pairs with. sometimes it will sit for days with a tight range.
jury is out still. but euro is much higher comparible to aud versus usd tonight... i took the ea long last night.. its up a few now.. maybe its time for it to retrace some. euro has crossed back above its all time 50% mark on eurx. aud at .9191H and cad at .0205L.
while euro climbs is showing pairs are equalising. each finding a new level comparible before a major move. its friday this may not be the move or direction.
those who can, do. those who cant, talk about those who can
  • #210,396
  • Mar 12, 2010 5:21am Mar 12, 2010 5:21am
Quoting plan-b
Yap,


A daily close above 1.3730 would be confirmation to add to longs

Took half off the table from 1.358
market might get it on the retail sales news. its just an idea
the PA at this 5min already is kinda important , its still bullish behavior.

i took all the position at 82 and just watching
I SEE YOU !!
  • #210,397
  • Mar 12, 2010 5:25am Mar 12, 2010 5:25am
Time to short on a retrace?
  • #210,398
  • Mar 12, 2010 5:26am Mar 12, 2010 5:26am
Think we can get 3820. Probably after the pullback. We need to break this strong resistance at 3800 before we continue higher tho.
Attached Image (click to enlarge)
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  • #210,399
  • Mar 12, 2010 5:27am Mar 12, 2010 5:27am
would like to see it at 85 to short it to 30 but it seems i lost my opportunity...

volume wise retrace is not very convincing...

hapipipin
dreams do come true.
  • #210,400
  • Mar 12, 2010 5:29am Mar 12, 2010 5:29am
Quoting CaShIsKiNg
Time to short on a retrace?
IMO its a good place to short @3780 +
30min chart gives a sell signal
target 3730 or so .
I SEE YOU !!
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