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EURUSD

  • #242,801
  • May 16, 2010 11:48pm May 16, 2010 11:48pm
Quoting gatorinla
dont count on it.. that wedge says different
Made a measured move down on daily TF.

Probability suggests upside is higher than downside at this point.

Only one way to know and that's hindsight, so i guess we need to wait and find out.
  • #242,802
  • May 16, 2010 11:49pm May 16, 2010 11:49pm
Quoting PriceVolume
I've got 2428 and 2440. Roadblock at 2385. Not buying it though. Breach of 2306 was decisive. 2183 on the radar...path to 2073. We have a perfect bear continuation wedge now on the 5M. As you say....they don't often lie.
ej has one too.. we will see.. even if it grows higher its ok.. keep in mind on the 4h it goes the other way.. its a bullish one..
those who can, do. those who cant, talk about those who can
  • #242,803
  • May 16, 2010 11:51pm May 16, 2010 11:51pm
I've been in and out, but averaged out in the low 70s. No longer shorting at 2300, will wait for price action. Will short at 2330-2360, and possibly earlier depending on the action. Will also short on a heavy drop.
  • #242,804
  • May 16, 2010 11:53pm May 16, 2010 11:53pm
Quoting Musashi
Made a measured move down on daily TF.

Probability suggests upside is higher than downside at this point.

Only one way to know and that's hindsight, so i guess we need to wait and find out.
im not counter trending.. this thing will fall.. 30 years of history says it will
those who can, do. those who cant, talk about those who can
  • #242,805
  • May 16, 2010 11:56pm May 16, 2010 11:56pm
Quoting gatorinla
ej has one too.. we will see.. even if it grows higher its ok.. keep in mind on the 4h it goes the other way.. its a bullish one..
Yeah...I'm eyeing that and the baby bull wedge just born out of the latest run downward. I have breach of the 4H wedge quite a ways off at the moment....
  • #242,806
  • May 16, 2010 11:58pm May 16, 2010 11:58pm
Quoting PriceVolume
Yeah...I'm eyeing that and the baby bull wedge just born out of the latest run downward. I have breach of the 4H wedge quite a ways off at the moment....
next bottom tl touch on the 4h one may be a good counter with a limited sl.. i may lighten there. we are already at a 4yr low. in 6 months is a good move.. but this may just be the beginning..
those who can, do. those who cant, talk about those who can
  • #242,807
  • May 17, 2010 12:02am May 17, 2010 12:02am
It's going to down pretty soon
  • #242,808
  • May 17, 2010 12:05am May 17, 2010 12:05am
Quoting increase
It's going to down pretty soon
Unless it doesn't.
  • #242,809
  • May 17, 2010 12:06am May 17, 2010 12:06am
I have already shorted at 1.2295, no stoploss, if have 1.2360 short again for a big drop...
  • #242,810
  • May 17, 2010 12:07am May 17, 2010 12:07am
Quoting gatorinla
next bottom tl touch on the 4h one may be a good counter with a limited sl.. i may lighten there. we are already at a 4yr low. in 6 months is a good move.. but this may just be the beginning..
Hi,

just shorted ej at 113 tp at 112

also a pending sell limit at 114 tp at 113 (if scenario takes place then i just close the 1st order at b/e)

any ideas if it will work out...??

Mahsam
  • #242,811
  • May 17, 2010 12:08am May 17, 2010 12:08am
Quoting increase
It's going to down pretty soon
your account balance?
  • #242,812
  • May 17, 2010 12:10am May 17, 2010 12:10am
Quoting 2+2=4ex
your account balance?
k wait and see
  • #242,813
  • May 17, 2010 12:13am May 17, 2010 12:13am
how soon ?
  • #242,814
  • May 17, 2010 12:13am May 17, 2010 12:13am
Phew, just had my own "fat-finger" screw up. Was adjusting my order size manually and added an extra digit by accident. Of course it immediately runs against me for 10 pips, but thankfully turned back around...
  • #242,815
  • May 17, 2010 12:14am May 17, 2010 12:14am
Quoting edisoname
how soon ?

imminent
  • #242,816
  • May 17, 2010 12:17am May 17, 2010 12:17am
Quoting increase
imminent
why?
  • #242,817
  • May 17, 2010 12:18am May 17, 2010 12:18am
Must be a move up somewhere, soon. Its so ridiculous everybody sells on the bottom again and again. I have a long position at 2585, almost -300 pip. Should i say goodbye to that?
  • #242,818
  • May 17, 2010 12:21am May 17, 2010 12:21am
Quoting Sugarfree.h
Must be a move up somewhere, soon. Its so ridiculous everybody sells on the bottom again and again. I have a long position at 2585, almost -300 pip. Should i say goodbye to that?
Selling a bottom with small risk is sure as hell better than longing through a collapse and letting it move 300 against. Never heard of the expression "run with the herd"? There are certainly many times to oppose, but 2585 wasn't one of them.
  • #242,819
  • May 17, 2010 12:21am May 17, 2010 12:21am
long ? where's ur SL~
  • #242,820
  • May 17, 2010 12:22am May 17, 2010 12:22am
Quoting Sugarfree.h
Must be a move up somewhere, soon. Its so ridiculous everybody sells on the bottom again and again. I have a long position at 2585, almost -300 pip. Should i say goodbye to that?
you can wait tll january and maybe it will go up by that time hehehhehehehe ... oh ... im a newbie anyway ...
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