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  • #215,781
  • Mar 24, 2010 12:43pm Mar 24, 2010 12:43pm
Quoting PriceVolume
Since you're asking how I would have played that chart......hope this helps. Needless to say I am a fan of BBs....



Very illuminating. I presume the blue lines are the outside lines of BB. What are those red lines in between. Also, what TF do u use?
  • #215,782
  • Mar 24, 2010 12:47pm Mar 24, 2010 12:47pm
Quoting 2+2=4ex
It's all relative.
If u say so, Einstein.

  • #215,783
  • Mar 24, 2010 12:53pm Mar 24, 2010 12:53pm
I don't think so that is exactly how I trade this pair and I have been in good profit for the last 6 weeks. I made a post last week making 320 pips using my simple method which really has nothing to do with using TA.For example last week I put in 4 trades at and around 1.3500 each with a 150 pip sl. This is the first time in over 4 weeks that I had to add to my sl on the long from 1.3500 however I made 340 pips on the drop so all I did was to take that profit to finance the 100 pip sl to keep the long trade in play.
It's sort of like a manual martingale but with a lot more freedom to help yourself out.

This will retrace if not on Friday for sure next Monday or Tes at the latest all have to do is keep my trades in play.

So I do not think your trading wrong for me it has brought over 6 weeks of profit every week. Not a lot of traders here can say that.
Best
Dean




Quoting evilglory
had a short about 3 weeks back(i think) at 1.3502 ...... suffer a huge draw down, finally see it turn to profit. think that was a very dumb way to trade. must change must change


cheers,
eg
  • #215,784
  • Mar 24, 2010 12:53pm Mar 24, 2010 12:53pm
I've decided to short EJ, just in time I might add. Scalped 30pips.
  • #215,785
  • Mar 24, 2010 12:55pm Mar 24, 2010 12:55pm
Quoting Anis
it touched one of the lower trend line again..hope it's heading to 3997 now..
1.3997 ?
COT: The precious data ignored
  • #215,786
  • Mar 24, 2010 12:57pm Mar 24, 2010 12:57pm
Quoting pqt
This is totally CRAZY!
Euro yen has gone up almost as much as Dollar yen and EUR is still stuck at the bottom of the pit!
Either EJ is insanely overbought or EU is insanely oversold!
they may move in opposite directions, if usd/jpy breaks long-term TL. eur/aud and eur/usd moved in opposite direction in 2008 for 6 months.
  • #215,787
  • Mar 24, 2010 12:57pm Mar 24, 2010 12:57pm
Quoting pqt
Euro yen (EJ) is composed of 2 legs: EU (EUR/USD) and UJ (USD/JPY)
If one moves up and the other stays put, then EJ will also move up.
Today you see UJ and EU move in opposite directions by roughly the same amount of pips and Euro Yen still moves UP almost as much as UJ.
THAT CAN'T BE RIGHT!

Logically, EUR/USD should have bounced up closer to 1.34
very true i can also see that here, there was trader speculation on bloomberg that there is gonna be rapid sell when EUR/USD cross a particular support,i wasent paying attention because in forex shit happens but come to look at it perhaps the rapid sell might have cause the bull in the EUR/USD not to appear at all
  • #215,788
  • Mar 24, 2010 12:59pm Mar 24, 2010 12:59pm
Quoting sophiaphia
and here it is, pivots monthly S1 and a big monthly fib, you don't get those opportunities every day.

Symmetry is 1.37
many many hours later still in same place, but fly now little bull fly high
----- Dragonfly out in the sun you know what I mean, don't you know
  • #215,789
  • Mar 24, 2010 1:11pm Mar 24, 2010 1:11pm
Quoting pqt
The move (in pips) in EJ should equal (more or less) the sum of the moves of EU and UJ.
UJ is +200 pips while EU is -200 pips.
So EJ SHOULD BE MUCH CLOSER TO UNCHANGED on the day, ie around the level it started the asian session (~ 122)
u can't measure it in pips, u need measure it in percentages the percentage of change of 200 pips in something worth 1.5 is different than 200 pips in something worth 1.0
  • #215,790
  • Mar 24, 2010 1:13pm Mar 24, 2010 1:13pm
Price action & vol are supporting an upmove for tomorrow (or asian session) ....resistance 1.3440 & 1.3570

It might seems high but not impossible....1.3570 will be the best spot for a heavy shorts
COT: The precious data ignored
  • #215,791
  • Mar 24, 2010 1:15pm Mar 24, 2010 1:15pm
Quoting kuroro001
Price action & vol are supporting an upmove for tomorrow (or asian session) ....resistance 1.3440 & 1.3570

It might seems high but not impossible....1.3570 will be the best spot for a heavy shorts
yea i think 1.3570 is impossible. 1.3440 should hold, if the charts have any sort of dignity left.
  • #215,792
  • Mar 24, 2010 1:24pm Mar 24, 2010 1:24pm
Quoting Clouds
yea i think 1.3570 is impossible. 1.3440 should hold, if the charts have any sort of dignity left.
That's what i think so too....1.3440 should hold .... but a good news from europe and 1.3500 is on the card ...it's only 150 pips from there ....not a big deal
COT: The precious data ignored
  • #215,793
  • Mar 24, 2010 1:25pm Mar 24, 2010 1:25pm
Quoting Bydyke
Very illuminating. I presume the blue lines are the outside lines of BB. What are those red lines in between. Also, what TF do u use?
That's nothing more that Bollinger Bands with default settings. Blue are 2nd deviation. Red are 1st deviation. Now imagine what you could do with fibs and pivots on that chart too.......hmmmm.....

You should always be aware of what's going on daily-wise. Works on all timeframes, but the lower the timeframe the greater the amount of "noise".
  • #215,794
  • Mar 24, 2010 1:26pm Mar 24, 2010 1:26pm
Quoting pqt
Logically, EUR/USD should have bounced up closer to 1.34
Check EURCHF, it coming back up slowly... Logically I say we can

still close this week above 1.36. Crappy Dollar overbought by all means..

Because everyone avoid EUR at the moment and still parking money

in the USD.. I'm placing large Buy stop above 1.3380..

"1726 GMT [Dow Jones] USD gain strongly against its major competitors despite a poor 5-year Treasury auction,
which indicated investors are requiring higher yields to buy US debt. Usually, this would be negative for USD,
said Jacob Oubina at Forex.com, but "the concerns in the euro zone continue to outweigh anything else," he said,
leading the safe-haven USD to gain regardless of Treasury auction. USD/JPY at 92.15 from 90.40 late Tue, according
to EBS via CQG. Pair gained to intraday high of 92.24 directly after auction."

"
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #215,795
  • Mar 24, 2010 1:29pm Mar 24, 2010 1:29pm
where is malcom ???
  • #215,796
  • Mar 24, 2010 1:29pm Mar 24, 2010 1:29pm
Quoting PriceVolume
That's nothing more that Bollinger Bands with default settings. Blue are 2nd deviation. Red are 1st deviation. Now imagine what you could do with fibs and pivots on that chart too.......hmmmm.....
I figure that out too. Need trader included for those BB, to make sure trigger

it right.. It's all looking simple from right to left as usual..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #215,797
  • Mar 24, 2010 1:31pm Mar 24, 2010 1:31pm
Planning some buy in eu as I see in h1 having buy cd 9 running , already price stalled here & buyers back but after min 4 hrs or more price may back below 1.3344/33 or even below 8th low 1.3323. by this it go up to 1.3357 or around. so will buy when it fall to the low , pending doing now to see if works. tp set will 1.3443/ 93.gold by this time may fall to 1082.95 to ready up.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #215,798
  • Mar 24, 2010 1:33pm Mar 24, 2010 1:33pm
Quoting SkyzerFX
I figure that out too. Need trader included to those BB, to make sure trigger

it right.. It's all looking simple from right to left as usual..
No technique will ever help if the trader fails to pull the trigger, gets greedy, or fails to use common-sense money management techniques.
  • #215,799
  • Mar 24, 2010 1:34pm Mar 24, 2010 1:34pm
Quoting PriceVolume
Since you're asking how I would have played that chart......hope this helps. Needless to say I am a fan of BBs....
Nice. Hey PV, how do you get those red inside lines on your bb's? Mine only shows the outside lines plus a mid channel line. Your setup is cool because you can creat a buy and sell zones so to speak.

Thanks and good luck
If only I knew then what I know now...
  • #215,800
  • Mar 24, 2010 1:35pm Mar 24, 2010 1:35pm
Quoting Clouds
they may move in opposite directions, if usd/jpy breaks long-term TL. eur/aud and eur/usd moved in opposite direction in 2008 for 6 months.
Hi,
I have always thought that GBP USD and GBP JPY would be strongly correlated and since this morning I have decide to stop trading GBP JPY.
Furthermore the spreads are higher on GBP JPY so I am going to stick to EUR USD and GBP USD which as far as I know move together.
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