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  • #821
  • Apr 26, 2010 2:15am Apr 26, 2010 2:15am
I'm staying out of GJ and GU and EJ for the time being just watching these...GJ CJ and AJ all made new highs but with divergence same on Dow...thus I do expect some sort of reversal but picking when is tough...could just enter shorts as swing trades but not keen on that at the moment. Instead I've gone short AJ with stop above recent high and long UC with stop below PPZ below.

These are risky counter trend trades...but I'm not comfortable going with the trend when we've made new highs with big divergence and with dow showing the same. Thus I'm dipping my toes in the water so to speak and testing couple of pairs to see if I can pick a retracement - only small positions with tight SL.

I'm also bearish on EU below 13400

I dont see anything else that screams trade me on my charts at the moment.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj.gif Size: 19 KB
Click to Enlarge Name: uc.gif Size: 17 KB
Click to Enlarge Name: eu.gif Size: 15 KB
  • #822
  • Apr 26, 2010 2:17am Apr 26, 2010 2:17am
Quoting lovejoy80
Decided not to take NU touch trade...price looks too bullish to me. Alerts set for NJ and SJ

Got in early on USD / NOK daily BEOB...the way I see it if the PPZ can hold then we should hea down so havea pensing order short to add @ the break of the BEOB

Got in early on G/CHF too...bit risky and not looking good.
Same on EG

Also decided to take A/CAD long ...if I was awake I would have got in earlier but decided that it looks like left eye will hold and thus price should reach the FTA...was long @ 0.9271 with SL@ 0.9230 TP @ 0.9300 on oanda.
I have the exact same EG trade going.

Too bad it's not going as great as my GU long off of daily PB. I was hoping for a H1 PB off 61.8 on EG but it didn't happen. Well, too bad. Maybe we get a double bottom. Then the PV is in play.
  • #823
  • Apr 26, 2010 2:28am Apr 26, 2010 2:28am
Quoting neutro
I have the exact same EG trade going.

Too bad it's not going as great as my GU long off of daily PB. I was hoping for a H1 PB off 61.8 on EG but it didn't happen. Well, too bad. Maybe we get a double bottom. Then the PV is in play.
Not sure how I managed to miss that GU pin bar...spent ages looking at charts over the weekend but somehow missed that...I would have taken that too, it's currently @ a trouble area.

I'm not holding up much hope on EG...thinking of cutting it soon...EU is static with so much concern over Greece still and GBP is realatively strong. Cant see GBP falling faster than EUR unless we get some news.

If you took GU long why did you take EG long?
  • #824
  • Apr 26, 2010 2:38am Apr 26, 2010 2:38am
Quoting lovejoy80
Not sure how I managed to miss that GU pin bar...spent ages looking at charts over the weekend but somehow missed that...I would have taken that too, it's currently @ a trouble area.

I'm not holding up much hope on EG...thinking of cutting it soon...EU is static with so much concern over Greece still and GBP is realatively strong. Cant see GBP falling faster than EUR unless we get some news.

If you took GU long why did you take EG long?
Firstly I treat them somewhat separate, secondly I was going to cut GU @ first trouble area (right about now). GU has stop @ BE and 1/2 closed. I would have cut it all, but it's going very well for now.

So when GU would have hit FTA and reversed, EG would be heading higher. Well, that's what I was thinking.
  • #825
  • Apr 26, 2010 2:41am Apr 26, 2010 2:41am
Quoting lovejoy80

I'm also bearish on EU below 13400
I believe EU will retrace to 50 Fib from last swing before going down again. That is corresponding to 1.345 IMO
  • #826
  • Apr 26, 2010 3:24am Apr 26, 2010 3:24am
Should have taken the NU touch trade after all...missed the 30min BEOb too...but taken a break off the support / valley level.

Same story with EU was watching price to get back to 13400...didnt happend and now brokej the 1HR 'box'.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu.gif Size: 16 KB
  • #827
  • Apr 26, 2010 3:58am Apr 26, 2010 3:58am
Are you in Cad/Jpy ? Unfortunately I do not have this pair.
  • #828
  • Apr 26, 2010 4:14am Apr 26, 2010 4:14am
Quoting ogeid
Are you in Cad/Jpy ? Unfortunately I do not have this pair.
No, I'm in U/C instead.

What broker do you use that doesn't have that pair?
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 16 KB
  • #829
  • Apr 26, 2010 4:18am Apr 26, 2010 4:18am
Quoting lovejoy80
No, I'm in U/C instead.

What broker do you use that doesn't have that pair?
Only IBFX at the moment. I do not have: Gold, Oil and any exotic pair.
FxPro eventually coming this week
  • #830
  • Apr 26, 2010 4:21am Apr 26, 2010 4:21am
Stopped out on G/CHF and E/G not looking good. Also surprisingly stopped out on USD / NOK...price completely revresed very quickly...maybe my SL is quite close to the PPZ but was not expecting that retracement. So 3 losing positions to start the new account lol.
  • #831
  • Apr 26, 2010 4:25am Apr 26, 2010 4:25am
Quoting lovejoy80
Stopped out on G/CHF and E/G not looking good. Also surprisingly stopped out on USD / NOK...price completely revresed very quickly...maybe my SL is quite close to the PPZ but was not expecting that retracement. So 3 losing positions to start the new account lol.
I still have 20p on EG.

EJ is looking ripe for a buy. But Euro's getting pounded so bad...
  • #832
  • Apr 26, 2010 4:30am Apr 26, 2010 4:30am
Quoting neutro
I still have 20p on EG.

EJ is looking ripe for a buy. But
Hi Neutro,

why? what do you see ? It looks to me it is in the middle of nowhere IMO
  • #833
  • Apr 26, 2010 4:31am Apr 26, 2010 4:31am
Quoting neutro
I still have 20p on EG.

EJ is looking ripe for a buy. But Euro's getting pounded so bad...
Yes 125 is daily PPZ...but that strong bearish bar makes it a no go for a touch trade...I'd wait for PA.

I'm still short NU, EU, AJ and long UC and have a pending short @ 67.48 on NJ - BEOB off a daily PPZ
  • #834
  • Apr 26, 2010 4:35am Apr 26, 2010 4:35am
Quoting ogeid
Hi Neutro,

why? what do you see ? It looks to me it is in the middle of nowhere IMO
see chart...round number and PPZ.

EJ is between two strong PPZ the upper one is a weekly / monthly one. I wanted PA to take a short and got a 1HR BEOb but was away from comp so missed it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 19 KB
Click to Enlarge Name: ej2.gif Size: 16 KB
  • #835
  • Apr 26, 2010 4:39am Apr 26, 2010 4:39am
Keep an eye on NU and UC...both bounced of major PPZ and confluence and on my Alapri feed we are looking to form BEOB and BUOB on 4HR in 20 mins...
  • #836
  • Apr 26, 2010 4:44am Apr 26, 2010 4:44am
Quoting lovejoy80
see chart...round number and PPZ.

EJ is between two strong PPZ the upper one is a weekly / monthly one. I wanted PA to take a short and got a 1HR BEOb but was away from comp so missed it.
Yes, both of you are right. It would be the same if you go long EU. I still think it has to retrace to somewhere.
  • #837
  • Apr 26, 2010 4:44am Apr 26, 2010 4:44am
Quoting lovejoy80
see chart...round number and PPZ.

EJ is between two strong PPZ the upper one is a weekly / monthly one. I wanted PA to take a short and got a 1HR BEOb but was away from comp so missed it.
125 is major PPZ. Also 365 EMA on M30, and EU just hit 50% and RN and reversed. Good for a few pips. If EJ turns into an H1 pin we might have something further down the road although I wouldn't risk 2% on it.

And that H1 BEOB was really something, engulfing 3 prior hours. I wasn't watching the H1, even though the minicharts were on...
  • #838
  • Apr 26, 2010 4:47am Apr 26, 2010 4:47am
Quoting lovejoy80
Keep an eye on NU and UC...both bounced of major PPZ and confluence and on my Alapri feed we are looking to form BEOB and BUOB on 4HR in 20 mins...
I got in just above 1 on UC, based on H4 BUOB. You have better positions than I do. We're still making HH and HL and Oil is forming an H4 BEOB (but it's heading straight into PPZ...)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-26_1244.jpg Size: 125 KB
  • #839
  • Apr 26, 2010 4:47am Apr 26, 2010 4:47am
Quoting neutro
125 is major PPZ. Also 365 EMA on M30, and EU just hit 50% and RN and reversed. Good for a few pips. If EJ turns into an H1 pin we might have something further down the road although I wouldn't risk 2% on it.
yep both EJ and EU @ obvious support areas...stronger on EJ. I took half profit on EU and moved rest to BE here.

Could have taken touch trades but I'm trying to be a bit more conservative on start of new account and wait for the best setups
  • #840
  • Apr 26, 2010 4:49am Apr 26, 2010 4:49am
Quoting neutro
I got in just above 1 on UC, based on H4 BUOB. You have better positions than I do. We're still making HH and HL and Oil is forming an H4 BEOB (but it's heading straight into PPZ...)
Yep I saw the oil BEOB too...when Oil reaches the ppz I'll watch UC carefully.

Gold is @ a PPZ too thats why I took some profit on AJ...got one position left and will add if gold breaks the PPZ or trade both.
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