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  • #221,561
  • Apr 7, 2010 8:19am Apr 7, 2010 8:19am
Quoting Pham
Thanks, we may put a pending short at higher price ok.
intraday wise the bears have not been able to drill a hole into the R1, this thing can go either back to R1 or back to PP and higher.

I would only short this thing under confirmed break of R1 for now.
  • #221,562
  • Apr 7, 2010 8:20am Apr 7, 2010 8:20am
Quoting Trading Cat
wtf happen just got to the kitchen to get a coffe and now this.... I want it to go down not up dam it.
ehh trend is on ur side, so less to worry i guess... hopefully ur stop enough to cover retrace

i'll be selling ltr if im the screen

no price to enter for eu yet
juz closed my gu, gj, uj long, might be turning to short again...

see how it goes.
  • #221,563
  • Apr 7, 2010 8:22am Apr 7, 2010 8:22am
Quoting acidburn123
intraday wise the bears have not been able to drill a hole into the R1, this thing can go either back to R1 or back to PP and higher.

I would only short this thing under confirmed break of R1 for now.
sorry mate but I see a hole in S1. Anyways maybe ur S1 is different to mine S1=3336 intra day low 3325
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,564
  • Apr 7, 2010 8:23am Apr 7, 2010 8:23am
closed my short from 390 at 350.... shame i only used a small lot
  • #221,565
  • Apr 7, 2010 8:24am Apr 7, 2010 8:24am
Quoting suthmo
I agree these voodoo retraces don't always get to their mark when they go against the trend. I like your conventional analysis and a voodoo confirmation. Voodoo shows a solid more likely run up to the .3400 area and a possible and unlikely spike to .3445/50 area (Possible knee jerk reaction to tonight's news)

Voodoo: Classified highly experimental quantum hyper dimetional completely unstable but often mind blowing projection technique codenamed 'Voodoo'.
what is voodoo? i dont think i've read or research on this b4, ima go take a look
full name of the indicator/formula? i wanna read thx
  • #221,566
  • Apr 7, 2010 8:24am Apr 7, 2010 8:24am
Quoting Trading Cat
sorry mate but I see a hole in S1. Anyways maybe ur S1 is different to mine S1=3336 intra day low 3325
yep Cat, ive got 3336 as well... three rejections on the hourly candles. think we'll have to see a retrace to get more sellers back in the action
  • #221,567
  • Apr 7, 2010 8:26am Apr 7, 2010 8:26am
Quoting Clairvoyant
ehh trend is on ur side, so less to worry i guess... hopefully ur stop enough to cover retrace

i'll be selling ltr if im the screen

no price to enter for eu yet
juz closed my gu, gj, uj long, might be turning to short again...

see how it goes.
yea she only is teasing me I got my stop at 77 that not far but I dont wanna put more on the table
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,568
  • Apr 7, 2010 8:28am Apr 7, 2010 8:28am
Anybody long? trying from 1.3347

Target 1.3645
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #221,569
  • Apr 7, 2010 8:31am Apr 7, 2010 8:31am
chart:
Attached Image (click to enlarge)
Click to Enlarge Name: eu_game1.jpg Size: 133 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #221,570
  • Apr 7, 2010 8:33am Apr 7, 2010 8:33am
Quoting SkyzerFX
Anybody long? trying from 1.3347

Target 1.3645
3645... yes i would like to short at 36+ around 362o/3600?
but first price has to break my 2 resistance b4 i might take long upwards.

as of now, i see no confirmations, and my long is not at 33, its at maybe 31+

so i'm still a bear

all e best if u get the low.
  • #221,571
  • Apr 7, 2010 8:34am Apr 7, 2010 8:34am
Quoting SkyzerFX
chart:
nice one since I only trade intra day I use 15min charts as entry and there we have broken below the lower tl and are just trying to cement this by retracing a little, to my dislike. Different tf give u different trades.
Good luck but I hope I get my tp before yours (3305)
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,572
  • Apr 7, 2010 8:34am Apr 7, 2010 8:34am
Quoting Maeglin
gold shooting
It may go as high as possible today or this week and after some fall resume great up .there is correlation with other pairs or with only aud.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #221,573
  • Apr 7, 2010 8:34am Apr 7, 2010 8:34am
Quoting redroadking
I hope you meant Keep it Simple Stupid.......

I occasionally do keep it Stupid.....but trying to avoid it.
Wasn't it keep it stupid stupid ?
Getting it right is NOT as important as not getting it wrong.
  • #221,574
  • Apr 7, 2010 8:35am Apr 7, 2010 8:35am
Dear Sir Skyz,

Why go long on a 4 hr chart when there is no green bar?
  • #221,575
  • Apr 7, 2010 8:36am Apr 7, 2010 8:36am
Quoting Trading Cat
sorry mate but I see a hole in S1. Anyways maybe ur S1 is different to mine S1=3336 intra day low 3325
You are at it with me again
A hole means being under S1 and staying there.

And besides we dident touch the PP for the whole day, might happen vwap also not far away from here might bring the bigger buys with some steam into bull action.

and some downward TL seem to be penetrated and hammerd... staying long with a BE SL for today.
  • #221,576
  • Apr 7, 2010 8:36am Apr 7, 2010 8:36am
Quoting SkyzerFX
Anybody long? trying from 1.3347

Target 1.3645

Now, do you really believe with only negative media coming from EZ that eu will find buyers to push a dead duck up 300 pips?! Might wanna adjust ur target 200 pips lower....
  • #221,577
  • Apr 7, 2010 8:38am Apr 7, 2010 8:38am
Quoting Clairvoyant

all e best if u get the low.
Thanks.. What I do now, if I get at lest about 30 pips rise then

I move SL just above Buy or below Sell.. That way at least I have a

chance without losing money... Trailing stop loss? Second time kick me out.

I was shorting Cable from yesterday and would got 100 pips, but even 25 pips

Trailing stop loss kick me out of the trade too early.. Anybody else

using them successfully?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #221,578
  • Edited 8:40am Apr 7, 2010 8:39am | Edited 8:40am
The eur/usd is in a monthly downtrend since the high back in Nov-Dec 2009.

It's on a weekly downtrend since end of Nov 2009.

It's in a daily downtrend since March 05 2010.

It's in a 4 hour down trend since March 05, 2010, 08:00

It been in a 1 hour down trend since April 05, 2010, 09:00 which is when I entered my latest swing trade short.

It's my belief that short term moves are driven by unpredictable news events, like yesterday's release of FMOC minutes, but longer term moves are driven by more stable fundamental factors that usually change more slowly. Of course I keep a wide stop in place, just in case of a major event, but unless that event changes underlying fundamentals, I'll just look at it as an opportunity to sell into this downtrend at a better price.

I can't say with any real certainty which way it will go over the short term. Very few people can, but the trend is my friend. It feeds my family, reduces my stress and helps me sleep well at night. Even if you are trading short term, you should probably at least be aware of these trends.

Happy trading
  • #221,579
  • Apr 7, 2010 8:41am Apr 7, 2010 8:41am
Quoting SkyzerFX
Thanks.. What I do now, if I get at lest about 30 pips rise then

I move SL just above Buy or below Sell.. That way at least I have a

chance without losing money... Trailing stop loss? Second time kick me out.

I was shorting Cable from yesterday and would got 100 pips, but even 25 pips

Trailing stop loss kick me out of the trade too early.. Anybody else

using them successfully?
Trailing stops should be roughly about 2 times atr. Anything less than that and you can be stopped out because of noise.

For eurusd it is usually about 40 pips
  • #221,580
  • Apr 7, 2010 8:42am Apr 7, 2010 8:42am
Quoting SkyzerFX
Trailing stop loss kick me out of the trade too early.. Anybody else

using them successfully?

No

I just bought it at 1.4844

Buying retraces at 1.5150 is also proving lucrative
Some drink at the fountain of knowledge. Others just gargle !
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