EJ hit 76 fib retract of previous down move. possible short is possible
ATM, the eur is rising and the yen is falling.
Ghost Rider - WWTBMD?
- #5,761
- Mar 26, 2010 10:38am Mar 26, 2010 10:38am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
ATM, the eur is rising and the yen is falling.
- #5,762
- Edited 11:45am Mar 26, 2010 11:33am | Edited 11:45am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #5,763
- Mar 26, 2010 12:16pm Mar 26, 2010 12:16pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
finally some justice.
after a horrid day with eu, managed to scalp one back at the fixing.
+60usd on the day. Peanuts I know, but beggers can't be choosers
Now come on cable.
after a horrid day with eu, managed to scalp one back at the fixing.
+60usd on the day. Peanuts I know, but beggers can't be choosers
Now come on cable.
Thank You 
- #5,764
- Mar 26, 2010 12:21pm Mar 26, 2010 12:21pm
- | Joined Nov 2006 | Status: very junior member | 1,576 Posts
my second sell on euro is still surviving, fingers crossed.
though this will be one of those weeks in negative pips.. but thats the nature of the game.
though this will be one of those weeks in negative pips.. but thats the nature of the game.
finally some justice.
after a horrid day with eu, managed to scalp one back at the fixing.
+60usd on the day. Peanuts I know, but beggers can't be choosers
Now come on cable.
- #5,765
- Mar 26, 2010 12:31pm Mar 26, 2010 12:31pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
finally some justice.
after a horrid day with eu, managed to scalp one back at the fixing.
+60usd on the day. Peanuts I know, but beggers can't be choosers
Now come on cable.
- #5,767
- Mar 26, 2010 7:09pm Mar 26, 2010 7:09pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Well, managed to identify where mistakes were made the whole day today with my Euro trade. Simple things which I had overlooked. Thought of sharing it.
At day open yesterday, price had opened in between pvp. On the H1, not shown here, clearly a doji, which signalled indecision. Here was my first mistake, instead of taking it as it supposed to be - indecision, I concluded it as weakness. Mistake number 2, I failed to look closely enough, which was right in between pvp, not above or below, so I should've taken the next hour close (h1) to gauge the general direction. The following bar opened above pvp, I should've been looking for reasons to go long instead of short.
The following mistakes I made were pretty elementary
Mistake number 3. Once above pvp, price tested res area & failed. This was where I sold, & failed to identify the bounce on pvp - fourth mistake. I'm pretty livid for failing to spot this. Too simple. From here on, price surged upwards cutting through first res area straight to test the second, where pretty much the action of the day were spent - in between the 2 res areas (3346-3408). Some easy money failed to be made here until the fixing where I spotted the 3408 bounce on the M1.
So note to self, try not to be careless again.
Have a great weekend everyone
At day open yesterday, price had opened in between pvp. On the H1, not shown here, clearly a doji, which signalled indecision. Here was my first mistake, instead of taking it as it supposed to be - indecision, I concluded it as weakness. Mistake number 2, I failed to look closely enough, which was right in between pvp, not above or below, so I should've taken the next hour close (h1) to gauge the general direction. The following bar opened above pvp, I should've been looking for reasons to go long instead of short.
The following mistakes I made were pretty elementary
Mistake number 3. Once above pvp, price tested res area & failed. This was where I sold, & failed to identify the bounce on pvp - fourth mistake. I'm pretty livid for failing to spot this. Too simple. From here on, price surged upwards cutting through first res area straight to test the second, where pretty much the action of the day were spent - in between the 2 res areas (3346-3408). Some easy money failed to be made here until the fixing where I spotted the 3408 bounce on the M1.
So note to self, try not to be careless again.
Have a great weekend everyone
Thank You
- #5,768
- Mar 26, 2010 7:14pm Mar 26, 2010 7:14pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
my second sell on euro is still surviving, fingers crossed.
though this will be one of those weeks in negative pips.. but thats the nature of the game.
We'll turn it around next week
ah take em as they come bro , good job , have a great week-end
You have a great weekend too my friend
Regards.
Thank You
- #5,769
- Mar 26, 2010 7:18pm Mar 26, 2010 7:18pm
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- #5,771
- Mar 26, 2010 7:27pm Mar 26, 2010 7:27pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Greetings from the UK. Stumbled on this thread from a link on the Cable forum.
Seems like a good place to hang out.
I admire anyone who posts their trades in advance.
Flat everywhere at the moment. Looking to take a swing long on Euro/CHF
next week. Looks to have bottomed, but a stop loss of 150 odd pips might be needed to cover the first position, as its still bouncing about.
Dollar looking as if it should be coming off a bit, but still taking that one a day at a time.
Just saying hello. I'll look in on Sunday if that's OK.
Hello pannycae, welcome.
Feel free to post your analysis whenever you feel like doing so.
In regards to the DX, I agree that there is a possibility for it to come off a bit for a possible retest of 81 level to confirm the bullish break. Knowing this, and after the fact of 3 weeks of consolidation, and prior to the momentary false breakout below, our bias had shifted back to bullish on the dollar.
Should be an interesting forthcoming week ahead.
Have a great weekend
Regards.
Thank You
- #5,772
- Mar 26, 2010 7:29pm Mar 26, 2010 7:29pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hello WB
pvp ? Pivot Point?
I am not sure what this means.
Rufus
Hello rufus,
yes pvp, short for pivot point. sorry
Thank You
- #5,773
- Mar 26, 2010 7:34pm Mar 26, 2010 7:34pm
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts
Hello rufus,
yes pvp, short for pivot point. sorry
I googled it and came up with player vs. player. In our case BvS buyer vs seller
Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- #5,774
- Mar 26, 2010 7:35pm Mar 26, 2010 7:35pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
AzIm.....also there was a WEEKLY SUPPORT LEVEL....followed by what the Market percieved as BULLISH EURO news,and also an INVERTED HAMMER on THE DAILY...
EUR_USD Spot.png
Noted, thanks. But I don't use the weekly to gauge direction until the bar close tho. And, to top it off dx broke an important level for a new yearly high (1 day before merkel's & sarkozy's accord on greece).
Anyway thanks again for pointing it out.
Have a great weekend
Thank You
- #5,775
- Mar 26, 2010 7:45pm Mar 26, 2010 7:45pm
- Joined Dec 2007 | Status: Trader | 1,964 Posts
Hi baz,
Noted, thanks. But I don't use the weekly to gauge direction until the bar close tho. And, to top it off dx broke an important level for a new yearly high (1 day before merkel's & sarkozy's accord on greece).
Anyway thanks again for pointing it out.
Have a great weekend
BUT at end of day.....trading is all about RISK and MM....backed by analysis..
You take care....and i am sure ,you will be ready and FIRED up for next SUNDAY/MONDAY...
baz
- #5,776
- Mar 26, 2010 8:10pm Mar 26, 2010 8:10pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
i understand....but its a Level at which Caution was needed....ie Selling at Major SUPPORT...at present it HELD
BUT at end of day.....trading is all about RISK and MM....backed by analysis..
You take care....and i am sure ,you will be ready and FIRED up for next SUNDAY/MONDAY...
baz
1. http://www.forexfactory.com/showpost...postcount=5605
Then dx broke to new high, I revert the position. Oh the irony!
Ah well, happens. Roll on next trade.
Cheers baz, have a good one!
Thank You
- #5,778
- Edited 5:24am Mar 27, 2010 5:13am | Edited 5:24am
- | Joined May 2009 | Status: Want money, not necessarily skills | 1,113 Posts
"Hate the sin, love the sinner." - Gandhi
- #5,779
- Mar 27, 2010 9:15am Mar 27, 2010 9:15am
- Joined Dec 2007 | Status: Trader | 1,964 Posts
that's the thing baz, few days back I was buying at the support you mentioned. Take a look:
1. http://www.forexfactory.com/showpost...postcount=5605
Then dx broke to new high, I revert the position. Oh the irony!
Ah well, happens. Roll on next trade.
Cheers baz, have a good one!
i think ,there was a Cable trade you took,i dont quite remember when,i think around the begining of the week ??......that went against you quite a BIT,but eventually turned just around your SL level and went to make profit..
baz
- #5,780
- Mar 27, 2010 10:07am Mar 27, 2010 10:07am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
