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  • #221,061
  • Apr 6, 2010 10:44am Apr 6, 2010 10:44am
Quoting SkyzerFX
It's changing all the time, you know.. Dollar not the strongest, EUR just weak.

hi, man,



still long for the euro? It is very dangerous now. Debt spread widening in Greece and people just play around about the bailout plan since they are selfish......USD sucks, however, US is better cheating country. Take care
  • #221,062
  • Apr 6, 2010 10:49am Apr 6, 2010 10:49am
these waves going no where are getting me tired..
  • #221,063
  • Apr 6, 2010 10:51am Apr 6, 2010 10:51am
I think now, in the next few days, we could see the e/u @ 1.38 as long as the 1.325-1.33 zone don't breaks
Pecunia non olet
  • #221,064
  • Apr 6, 2010 10:52am Apr 6, 2010 10:52am
Quoting Maeglin
these waves going no where are getting me tired..
patience, prudence and pudding, bro.
  • #221,065
  • Apr 6, 2010 10:53am Apr 6, 2010 10:53am
capped @ 1,3386 forming a bear flag. let's wait & see whats going to happen after FOMC announcement->my min target for today is march's low as long as € not above 1,35
  • #221,066
  • Apr 6, 2010 10:55am Apr 6, 2010 10:55am
If you follow correlations #448 #447
  • #221,067
  • Apr 6, 2010 10:56am Apr 6, 2010 10:56am
I'm keping open long position , maybe some one give advice will it be ar .3420?
  • #221,068
  • Apr 6, 2010 11:00am Apr 6, 2010 11:00am
Quoting ak4x
200 pips? Well I guess that explains it then... Silly me/us, whatever.

Check my LIVE entries HERE on the only 2 EU trades I've made since April 1 according to the time stamp (IBFX borker on GMT time) on the SELL trade entries and find where I "bailed" at 20 pips or even remotely needed to. Max drawdown on first entry was 13 pips and the second one was 1 pip... check the damn charts. Orders based on simple PA and EU Psych levels...

Overtrading? I don't think so......
right on man anyone who wants to avoid this should read the book acumen has in his profile of "Van Tarp" will get u away from bigger sl's when you think about it.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,069
  • Apr 6, 2010 11:03am Apr 6, 2010 11:03am
Quoting acumen
you aren't in a position right now i'd stay out until FOMC horseshit is over.

you just never know what the market is going to take from it.

i'd wait for a retrace here... if we don't get one... we will sometime.

it's how it works.

m
perfectly said and will treat tonight like nfp. Read just all the other posts of you after this and can only agree to all of it.
Good trades to all of ya.
I had my pipage for today and will only attack FOMC if I can read it properly....
till laters
Tcat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,070
  • Apr 6, 2010 11:05am Apr 6, 2010 11:05am
Quoting TheLastCoke
If you follow correlations #448 #447
wow this could actually slow down the decent for a little.
as said before will treat fomc like nfp.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,071
  • Apr 6, 2010 11:07am Apr 6, 2010 11:07am
no this is the last one till fomc

fyi from broker:
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,072
  • Apr 6, 2010 11:10am Apr 6, 2010 11:10am
Quoting TheLastCoke
If you follow correlations #448 #447

I hope you're right, I would like the EU to take a breath so it can bring in more sellers. I'd like to see at least a test of 3420 before a new wave down...

Although, when the FOMC min. come out and people see they're about to raise rates this could fall out. I would like to see that level tested (at a minimum) though.
  • #221,073
  • Apr 6, 2010 11:14am Apr 6, 2010 11:14am
triangle, bear flag call it what u want..i m looking to sell once it gets out, breaks the lower tr
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd triangle.gif Size: 20 KB
  • #221,074
  • Apr 6, 2010 11:20am Apr 6, 2010 11:20am
Quoting Bepx
I'm keping open long position , maybe some one give advice will it be ar .3420?
If your able to stand the pain----yes. It may return there today, but it may not do so for months.

I recommend you decide on your exit before you walk through the entrance. Good luck
  • #221,075
  • Apr 6, 2010 11:20am Apr 6, 2010 11:20am
Quoting ledobedo
triangle, bear flag call it what u want..i m looking to sell once it gets out, breaks the lower tr
well it broke! but not sure im going to take any positions till after FOMC
  • #221,076
  • Apr 6, 2010 11:21am Apr 6, 2010 11:21am
also see divergence on h4..shown by vertical lines.we have to see when this 4h closes..green might be a long opportunity for the skyzer..or short..i dun know..i guess how he feels
Attached Image (click to enlarge)
Click to Enlarge Name: divergance eurusd 4h.gif Size: 26 KB
  • #221,077
  • Apr 6, 2010 11:22am Apr 6, 2010 11:22am
Quoting Bepx
I'm keping open long position , maybe some one give advice will it be ar .3420?
What was your entry price? Hopefully, near here with a stop just under 3355?
  • #221,078
  • Apr 6, 2010 11:28am Apr 6, 2010 11:28am
http://www.ft.com/cms/s/3/401871ca-4...tml?ftcamp=rss

Spannish unemplyment climbing to highest level in 14 years.

Regarding current phase, IMO it may bounce of course, but something that starts on 1 time frame usually finishes on same one, so if it started on 4 hour chart it will likely finish on it & as it stands it is in full swing, a stall was expected after 50% been reached. Anyway, more downside very likely today/tomorrow.
Prices oscillate, trends persist. Trend is your friend.
  • #221,079
  • Apr 6, 2010 11:32am Apr 6, 2010 11:32am
The EURX is getting near a very key level it's been unable to break the last 4 tests... The DX is close to a resistance band but it's obvious this move is all about Euro weakness (Yes, Some USD strength).

If the FOMC signals a policy change on rates look for these levels to be taken out which would clear the way for the Euro to fall well below 3200 in the next few weeks.

EDIT: Forgot to put the fib retrace on that USDX... Fixed now.
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  • #221,080
  • Apr 6, 2010 11:34am Apr 6, 2010 11:34am
If I look at the mid term dt line it is very obvious where the less risk and the most proper chance sits. Though, it needs patience. Nothing for overtraders who want lose money fast, faster, fastest!

This tl is also the reason why the price did not go above 1.36 while last retrace. Plus even better, the last retrace just backs up the tl once more. If anybody wants almost risk free trades I can only suggest to wait until it comes back to the middle term dt line. Just for the record: Please remember that the line still is as high as 1.35xx at this time.

Good trading, all!
Sometimes I lose. Sometimes the others win.
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