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  • #240,801
  • May 12, 2010 4:50am May 12, 2010 4:50am
I am waiting for the H1 candle t cose. EU and U/CHF playing both playing with the daily pivot and resistance level near. they rejected R1/S1 so I am bearish for the time being.
the montly (very) low makes me prudent with shorts. I am still looking for them with a tight SL. 1.26 stays my target for now.
  • #240,802
  • May 12, 2010 4:50am May 12, 2010 4:50am
deja vu its like yesterday 2736 turn around then market manipulation at 2680-85 area if its the same we will see a move back up to 2736 before dropping to 2600.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,803
  • May 12, 2010 4:53am May 12, 2010 4:53am
Quoting macsetta
Thanks a lot... you are absolutely right. To tell the truth I am trying to get back the money alone, which I lost by the help of a "talented" broker... So what would you suggest? I know that at the moment i am against the trend. But shall I close the position or wait for some retrace? Thanks a lot. I have learnt a lot, lot, lot from you all.

I am new to this forum and I have gained a lot of insight listening to Trading Cat which compliments my trading style, plus his news posts are GREAT.

Follow along and you will see who calls them right more often than not.
  • #240,804
  • May 12, 2010 4:54am May 12, 2010 4:54am
Quoting Trading Cat
deja vu its like yesterday 2736 turn around then market manipulation at 2680-85 area if its the same we will see a move back up to 2736 before dropping to 2600.
Hi Trading Cat,

I dont really post on other threads that much but would like to say that you are a very good market reader.

Keep up the good work

Geppyg
Let Price determine your future!
  • #240,805
  • May 12, 2010 4:57am May 12, 2010 4:57am
Quoting Trading Cat
deja vu its like yesterday 2736 turn around then market manipulation at 2680-85 area if its the same we will see a move back up to 2736 before dropping to 2600.
I hope you're right. I have some shorts there.
  • #240,806
  • May 12, 2010 5:02am May 12, 2010 5:02am
Probably a triangle formating a@ M15 tf. I do some scalping 4-6 pips.
Attached Image (click to enlarge)
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  • #240,807
  • May 12, 2010 5:02am May 12, 2010 5:02am
Quoting Trading Cat
deja vu its like yesterday 2736 turn around then market manipulation at 2680-85 area if its the same we will see a move back up to 2736 before dropping to 2600.
Hope you are right too , because i selling at 1.2626 , now i lose 73 pips , hope it down soon.
  • #240,808
  • May 12, 2010 5:03am May 12, 2010 5:03am
The Flash Estimate of the Portuguese Gross Domestic Product (GDP) points to a year on year growth rate of 1.7% in volume in the 1st quarter 2010 (the same rate was -1.1% in the previous quarter). Comparing with the previous quarter, the Portuguese GDP grew 1.0%.
The GDP year on year increase in the 1st quarter 2010 was partially associated to a base effect (in the 1st quarter 2009 GDP diminished 3.7% year on year), with Domestic Demand and External Demand Balance registering an increase in their respective contributions, more intense in the first case.

http://www.ine.pt/xportal/xmain?xpid...ESTAQUESmodo=2
  • #240,809
  • May 12, 2010 5:13am May 12, 2010 5:13am
Quoting MrLiquidity
The Flash Estimate of the Portuguese Gross Domestic Product (GDP) points to a year on year growth rate of 1.7% in volume in the 1st quarter 2010 (the same rate was -1.1% in the previous quarter). Comparing with the previous quarter, the Portuguese GDP grew 1.0%.
The GDP year on year increase in the 1st quarter 2010 was partially associated to a base effect (in the 1st quarter 2009 GDP diminished 3.7% year on year), with Domestic Demand and External Demand Balance registering an increase in their respective...
summer time
  • #240,810
  • May 12, 2010 5:22am May 12, 2010 5:22am
Run for your lives boys, we got us a falling wedge on the 15 min .
  • #240,811
  • May 12, 2010 5:33am May 12, 2010 5:33am
I lose now 48 pips (selling at 1.2626) Hope it will down because my balance is quite small Margin level just 70%

What will Soros do with this situation ?
  • #240,812
  • May 12, 2010 5:45am May 12, 2010 5:45am
What do you's think about the US Index 15min. If it breaks the blue line up, the EU go's down. See next page for graph.
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #240,813
  • May 12, 2010 5:47am May 12, 2010 5:47am
Sorry didnt put up the chart.
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Click to Enlarge Name: usd15min.JPG Size: 136 KB
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #240,814
  • May 12, 2010 5:52am May 12, 2010 5:52am
Quoting Geppyg
Hi Trading Cat,

I dont really post on other threads that much but would like to say that you are a very good market reader.

Keep up the good work

Geppyg
Thank you very much I dont really think of myself like this, I just observe and very often wrong.
Like my call before I was expecting price to move back up instead it took the downside. Was of no concern as I was flat and went out jogging instead. Plan was to enter short back up at 2736. Now with the move down and broke a tl on my chart downside is more possible below 66 could be ok with very tight sl for 2600. Again we are ranging and I am really not good in ranging conditions.

@J B
@Emanuele
@miller_boy
Thank you very much

But to everyone in here do not follow my trades do your own analysis as I am very often wrong, its part of the job.

Good luck and thanks again.
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,815
  • May 12, 2010 5:57am May 12, 2010 5:57am
pricre seems to found resistance @ previous day's 61.8 level
Attached Image
  • #240,816
  • May 12, 2010 6:13am May 12, 2010 6:13am
price hit 61.8, we have a crossroad in my opinion it could bounce up again or go down.
we shall wait and see.

good luck.

EDIT: i think i have also to many indicators on my chart, i want some opinions please. thanks.
Attached Image (click to enlarge)
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  • #240,817
  • May 12, 2010 6:14am May 12, 2010 6:14am
I'm back ... nap is over and time to get back to work. Good to see my short call playing out nicely.
  • #240,818
  • May 12, 2010 6:20am May 12, 2010 6:20am
had a tiny short from 63 and placed sl into 1pip profit asap which is good.
Dont know who was it but someone posted the alert of a falling wedge. This could then go up a lot so take care shorters...
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,819
  • May 12, 2010 6:26am May 12, 2010 6:26am
Hi rygel2001,

Personally I think the EU is caught up in the middle of two points. For the day. 2613 and 2737, The only way it is going to move is with US report today. That is why I looked at the US index, I think the report is not going to be good. The DOW hasn't close it's gap. At this point I am sitting and see what is the Big boys up too.
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #240,820
  • May 12, 2010 6:30am May 12, 2010 6:30am
Quoting rygel2001
price hit 61.8, we have a crossroad in my opinion it could bounce up again or go down.
we shall wait and see.

good luck.

EDIT: i think i have also to many indicators on my chart, i want some opinions please. thanks.
My belief is you only need one momentum oscillator, if you want to use one. I lost my respect for contrarian indicators months ago.
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