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  • #441
  • Apr 15, 2010 4:50am Apr 15, 2010 4:50am
Quoting Clouds
i couldn't help but add a small short E/U at 3570 SL BE, TP 3350
the same here, I'm happy that I didn't close my U/Chf long from yesterday
  • #442
  • Apr 15, 2010 4:53am Apr 15, 2010 4:53am
Quoting shahab8b
they are aiming for the gap, E/U and U/Chf
That would be nuts if they got those closed that fast. Today is either a Really good day or a Really bad day for traders. Unless you are like me and got sidelined for most of this move
  • #443
  • Apr 15, 2010 4:53am Apr 15, 2010 4:53am
Quoting Saxon
GU is getting close to "00" 1.54
Touche ' there might be something to stand up to this fall.
  • #444
  • Apr 15, 2010 4:56am Apr 15, 2010 4:56am
Quoting Saxon
GU is getting close to "00" 1.54

Hi,

I was just wondering what you mean by "00"?? Sorry if I sound daft...I am still quite new. Thanks heaps in advance for your answer and also thanks for all of the great posts!
  • #445
  • Apr 15, 2010 5:03am Apr 15, 2010 5:03am
few pairs.
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  • #446
  • Apr 15, 2010 5:04am Apr 15, 2010 5:04am
Quoting Saxon
That would be nuts if they got those closed that fast. Today is either a Really good day or a Really bad day for traders. Unless you are like me and got sidelined for most of this move
you know I have been targeting those gaps since the start of the week and it is happening when I've almost lost my faith on them.
today market is just trend following model, so I'm using indicators, based on that I went short A/U ,
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  • #447
  • Apr 15, 2010 5:04am Apr 15, 2010 5:04am
Quoting Saxon
I know you probably already know this OvT, but if there is anyone new out there I'll try to explain it.

"00"s "roundies", etc... They work well to either bounce the price or accelerate it. There are a lot fo theories out there as to why PA gets somtimes accelerated. Either way, "00"s are good prices to keep an eye on.

Here are a few websites I found that talk more about it. If I was more eloquent in speech I would try to explain it, but I would probably confuse more than help.

http://ezinearticles.com/?Forex-Trad...ers&id=1851400...

You can find out more about it on my post, I think #417. It is the one above about 2 pages back. Read through the stuff on that post and if you are still a little foggy, shoot me a PM and I will do my best to try to help you out. Also, if anyone else on this thread wants to explain, I seem to just confuse people and really can't explain things well
  • #448
  • Apr 15, 2010 5:07am Apr 15, 2010 5:07am
i missed windows so sidelined as well
btw, usd index at previous high 80.7, expecting some resistance there?
  • #449
  • Apr 15, 2010 5:07am Apr 15, 2010 5:07am
Quoting shahab8b
you know I have been targeting those gaps since the start of the week and it is happening when I've almost lost my faith on them.
today market is just trend following model, so I'm using indicators, based on that I went short A/U ,
profit takeing.need a correction.
  • #450
  • Apr 15, 2010 5:10am Apr 15, 2010 5:10am
Quoting shahab8b
you know I have been targeting those gaps since the start of the week and it is happening when I've almost lost my faith on them.
today market is just trend following model, so I'm using indicators, based on that I went short A/U ,
Looks like your patience is paying off big time.
  • #451
  • Apr 15, 2010 5:11am Apr 15, 2010 5:11am
Quoting trade price
profit takeing.need a correction.
Gotta happen somtime
  • #452
  • Apr 15, 2010 5:13am Apr 15, 2010 5:13am
GU and UCHF's "00"s of 1.54 and 1.06 seemed to at least slow PA
  • #453
  • Apr 15, 2010 5:14am Apr 15, 2010 5:14am
Quoting forexstrah
Hi,

I was just wondering what you mean by "00"?? Sorry if I sound daft...I am still quite new. Thanks heaps in advance for your answer and also thanks for all of the great posts!
00 means big round number eg 15400. usually price has difficulty moving through these big round numbers
  • #454
  • Apr 15, 2010 5:15am Apr 15, 2010 5:15am
Quoting Saxon
GU and UCHF's "00"s of 1.54 and 1.06 seemed to at least slow PA
u/cad parity too
  • #455
  • Apr 15, 2010 5:19am Apr 15, 2010 5:19am
Quoting Saxon
GU and UCHF's "00"s of 1.54 and 1.06 seemed to at least slow PA
cluster zone
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Quote
00 means big round number eg 15400. usually price has difficulty moving through these big round numbers
lots of orders comes in the market.at those levels.if u see order book u will see the orders.
just dont jump in wait for price to stall at those level and retest the market if its true.
only two thing can save u in this business one is understanding supply demand level and other is risk management.
  • #456
  • Apr 15, 2010 5:21am Apr 15, 2010 5:21am
Quoting trade price
cluster zone
ya, maybe the correction might be starting now
  • #457
  • Apr 15, 2010 5:24am Apr 15, 2010 5:24am
I think I should quit sleeping, I need to reverse my schedule to catch Frankfurt/London open.
  • #458
  • Apr 15, 2010 5:41am Apr 15, 2010 5:41am
take small naps here and there...

or move to Europe to trade
  • #459
  • Apr 15, 2010 5:47am Apr 15, 2010 5:47am
Quoting calderone
I think I should quit sleeping, I need to reverse my schedule to catch Frankfurt/London open.
Ya man, living in the US sucks for trading FX, but if you want to make$, you gotta stay up and trade London. I trade a few hours before London, then a 5 or 6 hours into it, then sleep, then catch the last bit of NY.
  • #460
  • Apr 15, 2010 1:17pm Apr 15, 2010 1:17pm
E/U short set up
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