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Trend Trading Chart Thread

  • #1,241
  • May 18, 2010 4:56am May 18, 2010 4:56am
Good morning all! I am back from my weekend away and it seems the EUR/USD isn't ready to play yet!

I too have sold EUR/AUD @ 1.4200

Regards,

Dan
  • #1,242
  • May 18, 2010 5:17am May 18, 2010 5:17am
commander, while i can see the 4200 line and its signifincance, is this a blind sell or have you seen some pa that i havent?

Quoting DanUK
Good morning all! I am back from my weekend away and it seems the EUR/USD isn't ready to play yet!

I too have sold EUR/AUD @ 1.4200

Regards,

Dan
  • #1,243
  • May 18, 2010 5:33am May 18, 2010 5:33am
Quoting coolshades
commander, while i can see the 4200 line and its signifincance, is this a blind sell or have you seen some pa that i havent?
Hi coolshades,

No I haven't spotted any particular price action... it's a standard touch trade.

As you point out there is significance in the level and it coincides with the 50% retracement of the last swing down. It is also close enough to the trendline for me (this is an additional sell - as per my daily trading method; so I don't have to worry too much if it were to go up another 100 pips for instance).

Hope that makes some sense!

Regards,

Dan
  • #1,244
  • May 18, 2010 5:35am May 18, 2010 5:35am
your fib is from where to where?

Quoting DanUK
Hi coolshades,

No I haven't spotted any particular price action... it's a standard touch trade.

As you point out there is significance in the level and it coincides with the 50% retracement of the last swing down. It is also close enough to the trendline for me (this is an additional sell - as per my daily trading method; so I don't have to worry too much if it were to go up another 100 pips for instance).

Hope that makes some sense!

Regards,

Dan
  • #1,245
  • May 18, 2010 5:41am May 18, 2010 5:41am
on another note, commander, are you loading up on euro at 2450 ish?

Quoting DanUK
Hi coolshades,

No I haven't spotted any particular price action... it's a standard touch trade.

As you point out there is significance in the level and it coincides with the 50% retracement of the last swing down. It is also close enough to the trendline for me (this is an additional sell - as per my daily trading method; so I don't have to worry too much if it were to go up another 100 pips for instance).

Hope that makes some sense!

Regards,

Dan
  • #1,246
  • May 18, 2010 6:05am May 18, 2010 6:05am
Quoting coolshades
your fib is from where to where?
High on the 10th May 1.4434 to the low on the 14th 1.3926
  • #1,247
  • May 18, 2010 6:07am May 18, 2010 6:07am
Quoting coolshades
on another note, commander, are you loading up on euro at 2450 ish?
I was planning to wait and see what happens if we get up to 2500 but I won't be placing a blind order on this one as the retracement level is much higher - just below 2700 so I will be watching to see how it unfolds and entering when (if) I see the right signal!
  • #1,248
  • Edited 8:27am May 18, 2010 7:15am | Edited 8:27am
coolshades, maybe this is what the Commander was refering to...........see chart...hope it is clear..............

Quoting DanUK
High on the 10th May 1.4434 to the low on the 14th 1.3926
Attached Image (click to enlarge)
Click to Enlarge Name: euraud (4-hr).gif Size: 21 KB
  • #1,249
  • May 18, 2010 8:34am May 18, 2010 8:34am
Quoting Danku
coolshades, maybe this is what the Commander was refering to...........see chart...hope it is clear..............
That looks about right! Thanks!
  • #1,250
  • May 18, 2010 10:39am May 18, 2010 10:39am
Welcome Commander

I see u have started the party rolling

Sharing my tactics/charts for the forthcoming battle with Commander & the rest of the troopers.

EU - Pending Short @ 1.2650 - 1.2700
GU - Pending Short @ 1.4600 - 1.4650
AU - Pending Short @ 0.8850 - 0.8900
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU-4H.jpg Size: 76 KB
Click to Enlarge Name: GU-4H.jpg Size: 89 KB
Click to Enlarge Name: AU-4H.jpg Size: 78 KB
"Thinking Heart & Feeling Brain"
  • #1,251
  • May 18, 2010 12:57pm May 18, 2010 12:57pm
Quoting Sylar
Welcome Commander

I see u have started the party rolling

Sharing my tactics/charts for the forthcoming battle with Commander & the rest of the troopers.

EU - Pending Short @ 1.2650 - 1.2700
GU - Pending Short @ 1.4600 - 1.4650
AU - Pending Short @ 0.8850 - 0.8900
I don't know about the EU reaching 1.2650-1.27...
I have been wrong before, and the last time I thought it would rise before dropping again, currently short from 1.24.
Broken bottom trend line and stayed below for about a week and below a historical low (Can't tell you when, it's off my chart) for 3 days.
I'm thinking if it can break 1.22 it will drop fast to 1.2 - 1.205.
I could be wrrroooonnnngggggg.
  • #1,252
  • May 18, 2010 3:46pm May 18, 2010 3:46pm
Good to see the Euro's taking a beating!

Keep selling it boys! Let's send her back to where she belongs and hopefully take the European Experiment with it!!! It's the only way we (in the UK) can free ourselves of its' tyranny!

(Sorry... just been reading about terrorists being allowed to stay in this country due to the European Convention on Human Rights!! Such a load of [size=1]cr@p[/size]! )
  • #1,253
  • May 18, 2010 3:50pm May 18, 2010 3:50pm
On a similar note... what are the Germans thinking: http://www.telegraph.co.uk/finance/f...-shorting.html ???

Did someone say parity?

Goodnight dear Euro... the thing that concerns me is what to trade instead! Lol!!
  • #1,254
  • May 18, 2010 3:58pm May 18, 2010 3:58pm
Quoting DanUK
On another note... what are the Germans thinking: http://www.telegraph.co.uk/finance/f...-shorting.html ???

Did someone say parity?

Goodnight dear Euro... the thing that concerns me is what to trade instead! Lol!!
Dan
i dont understand what this means to the FX markets.... BUT you can always replace it with CABLE..or DeutchMark..or French Franks ..or the many new( old ) currencies that will make a Comeback...
Maggie where are you... are you laughing !!

baz
  • #1,255
  • May 18, 2010 4:01pm May 18, 2010 4:01pm
Quoting baz
Dan
i dont understand what this means to the FX markets.... BUT you can always replace it with CABLE..or DeutchMark..or French Franks ..or the many new( old ) currencies that will make a Comeback...
Maggie where are you... are you laughing !!

baz
The Euro always moved so nicely - it just made trading easier!

Perhaps the DM will be a good one when it returns, lol!
  • #1,256
  • May 18, 2010 4:14pm May 18, 2010 4:14pm
Quoting DanUK
The Euro always moved so nicely - it just made trading easier!

Perhaps the DM will be a good one when it returns, lol!
i am 100% sure YOU can trade any INSTRUMENT succesfully..after all its just HumanBeings that are trading them .....
take care

baz
  • #1,257
  • May 18, 2010 4:19pm May 18, 2010 4:19pm
look at the nice daily pin bar on euroaud. 3900 beckons.

i have missed the eurousd boat, but am in the audusd one
  • #1,258
  • May 19, 2010 1:04am May 19, 2010 1:04am
Hi Guys

Anyone trading Kiwi... Looks like it have broken the Daily Support @ 0.7000

Waiting for PA to retrace to 0.6900 to 0.6950 for a SHORT

EurAud has retraced back to 1.4200 offering those who missed out the opportunity to join in the party

Pip Well
"Thinking Heart & Feeling Brain"
  • #1,259
  • May 19, 2010 7:14am May 19, 2010 7:14am
Pulled the trigger too early on this one, wish I would have waited for 1.45, still in the trade. At this stage it seems to reach 1.45 reject and then retest it.

What are people's thoughts / comments.

Cheers to all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 13 KB
Click to Enlarge Name: ea.gif Size: 13 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #1,260
  • May 19, 2010 7:38am May 19, 2010 7:38am
Quoting baz
i am 100% sure YOU can trade any INSTRUMENT succesfully..after all its just HumanBeings that are trading them .....
take care

baz
Thanks baz!
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