Attachments: EURUSD

EURUSD

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#229,601
Apr 22, 2010 4:57pm Apr 22, 2010 4:57pm

Warwick
| Joined Nov 2009 | Status: Risk Junkie | 778 Posts

Quoting klinckphilip

Disliked

Just dont jump in and out. Your talking about 1000+ pip target but your stop was so low. If you want to shoot for 1000+ you better be sure and also have 200+ pip risk level.

Ignored

When In doubt I get/stay out.... although it appears there are quite a few longs holding on from the 1.44-47 area. They should bail sub 1.42-41 before any decent up-move can take place.

I only trade where I suspect the most stops are layered...

If my initial thought was right and we do move up... C'est la vie

#229,602
Apr 22, 2010 4:59pm Apr 22, 2010 4:59pm

Pippy5000
| Joined Dec 2009 | Status: Trader | 1,516 Posts

Quote

Disliked

no reason not to go long here with a fairly tight stop loss....amazing R/R

Yes, the math adds up easily, and the buyers at 1.326 who presented themselves in force earlier today are a bonus.. The black boxes who pushed EU down from 1.332 aren't aware of the extremely bullish 4hr candlestick posted when the buyers stepped in either, nor are they aware of a ridiculous short JPY squeeze to the tune of 100+ pips in EJ. They are only aware of the open and close in EU. Also, the teeming masses seem to be convinced that Euro is doomed. The teeming masses are almost always wrong.

The price action in all pairs post-NY has been disgusting.. A lot of position jockeying and thin liquidity strongarm tactics. I think there's a good chance Euro might run South, but if your reward is 10X your loss and there's a 25% chance that you can get 300 pips by risking 30 then the math dictates that a long should be attempted.

I won't be whipsawed to death going short below 1.325 though. Momentum isn't half of what it was at the last low in EU. Divergences have a good chance of playing out... always good to spot one.

#229,603
Apr 22, 2010 5:03pm Apr 22, 2010 5:03pm

iefke
| Joined Nov 2008 | Status: Trader | 148 Posts

iefke needs a candle time indic..

who will be the provider

#229,604
Apr 22, 2010 5:06pm Apr 22, 2010 5:06pm

PipLand
| Joined Nov 2008 | Status: Trader | 2,548 Posts

Quoting Pippy5000

Disliked

Yes, the math adds up easily, and the buyers at 1.326 who presented themselves in force earlier today are a bonus.. The black boxes who pushed EU down from 1.332 aren't aware of the extremely bullish 4hr candlestick posted when the buyers stepped in either, nor are they aware of a ridiculous short JPY squeeze to the tune of 100+ pips in EJ. They are only aware of the open and close in EU. Also, the teeming masses seem to be convinced that Euro is doomed. The teeming masses are almost always wrong.

The price action in all pairs post-NY has been...

Ignored

I dont think it was black boxes that pushed this down most likely the downgrade news and also black boxes can detect all types of candlesticks and formations. That big move from 3260 saw huge volume must have been a central bank, id have to agree though the risk reward favours a long from here even if just for a minor bounce.

#229,605
Apr 22, 2010 5:06pm Apr 22, 2010 5:06pm

iefke
| Joined Nov 2008 | Status: Trader | 148 Posts

same here , why be in pain worrying all the time , go with trend en not too big lots , always chillin and making money , like life should be

Quoting klinckphilip

Disliked

I work with such small lots compared to my account I dont mind starting the trade now. If this were not the case I would just not be trading right now. So dont trade unless you can absolutely risk the money with little to no pain.

Ignored

#229,606
Apr 22, 2010 5:12pm Apr 22, 2010 5:12pm

Pippy5000
| Joined Dec 2009 | Status: Trader | 1,516 Posts

There wasn't any downgrade news between 3PM and 4PM EST.. As soon as the equity markets closed the black box orders were initiated. I see that Amazon.com posted worse earnings after the bell, but they weren't bad enough to elicit a 35 pip drop.

The massive order in EG didn't help either but it wasn't able to crack support as the fiends who concocted the plan had hoped.

#229,607
Apr 22, 2010 5:14pm Apr 22, 2010 5:14pm

jackdan
| Joined Jan 2009 | Status: Trader | 331 Posts

Quoting Pippy5000

Disliked

It looks like someone is trying to pull a little Pearl Harbor move in EG before the Asian markets open.. resting on major support now.

Ignored

It's the debate, pippy. i am long on EG.Tgt 0.8888 <-- 50% fibo

#229,608
Apr 22, 2010 5:19pm Apr 22, 2010 5:19pm

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,169 Posts

Quoting Awesome

Disliked

Tempting to go long at these levels but something smells fishy. Might be wiser to sit this one out.

Ignored

same here.. but since this is the third time.. and the big bad aud was rejected weeks ago and now, since seems to have its nutz cut. i see a big bad usd bull.. until aud or kiwi cross these.. the aud is on a slight grade and kiwi is already pointing down.. both working candles doji.. aud tweezer top..

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those who can, do. those who cant, talk about those who can

#229,609
Apr 22, 2010 5:24pm Apr 22, 2010 5:24pm

Pippy5000
| Joined Dec 2009 | Status: Trader | 1,516 Posts

Quote

Disliked

It's the debate, pippy. i am long on EG.Tgt 0.8888 <-- 50% fibo

ahhhhh... that's it, thanks man! As someone who trades a lot of GJ, I won't complain when these damn UK elections are over.

One of the major drawbacks of being a guy at home trying to trade world markets is that you spend a lot of time asking, "what the hell just happened?"

#229,610
Apr 22, 2010 5:29pm Apr 22, 2010 5:29pm

jackdan
| Joined Jan 2009 | Status: Trader | 331 Posts

Quoting Pippy5000

Disliked

ahhhhh... that's it, thanks man! As someone who trades a lot of GJ, I won't complain when these damn UK elections are over.

One of the major drawbacks of being a guy at home trying to trade world markets is that you spend a lot of time asking, "what the hell just happened?"

Ignored

this is the link for next week , thursday, debate.

http://news.sky.com/skynews/Election/leadersdebatelive

#229,611
Apr 22, 2010 5:42pm Apr 22, 2010 5:42pm

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,169 Posts

usd bull looks like hes ready to run... soon.. maybe in asian session.. be careful.. dont let one get away.. usdx new high intraday above tl. wait for pullback always for entries unless longer term..

those who can, do. those who cant, talk about those who can

#229,612
Apr 22, 2010 5:51pm Apr 22, 2010 5:51pm

Pippy5000
| Joined Dec 2009 | Status: Trader | 1,516 Posts

Oh yes, it's do or die time for our old pal the Euro.. I'm most interested in 1.326 and 1.325 .. The last test showed massive buying interest, although whether from fresh buy orders or profit taking on shorts I haven't heard.

HERE WE GO!

#229,613
Apr 22, 2010 5:52pm Apr 22, 2010 5:52pm

ak4x
Joined Aug 2007 | Status: TARFU... | 7,015 Posts

Quoting Pippy5000

Disliked

...One of the major drawbacks of being a guy at home trying to trade world markets is that you spend a lot of time asking, "what the hell just happened?"

Ignored

Post of the month.... maybe the whole damn year.

FUBAR...

#229,614
Apr 22, 2010 5:53pm Apr 22, 2010 5:53pm

just fibbing
| Joined Apr 2010 | Status: Trader | 135 Posts

Hi All,

Serious question to the experienced members here.
If the price were to spike against your trade SL by say 200 pips within a couple of seconds,
how many extra pips would you stand to lose on average with most brokers ?
Would also appreciate any good broker recommendations in this respect i.e ones that honor your SL's best. I'm currently with FXDD, not had a bad experience yet, just being cautious.

http://cdn.forexfactory.com/images/misc/progress.gif http://cdn.forexfactory.com/images/buttons/edit.gif

#229,615
Apr 22, 2010 6:00pm Apr 22, 2010 6:00pm