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EURUSD

  • #248,781
  • May 27, 2010 11:20am May 27, 2010 11:20am
Back to south, oh well. Closed all.
  • #248,782
  • May 27, 2010 11:21am May 27, 2010 11:21am
Quoting Emanuele
Lawrence, do you usually open opposite positions on those pairs to hedge your trades?
no, just from time to time
  • #248,783
  • May 27, 2010 11:21am May 27, 2010 11:21am
Gone short @1.2362
  • #248,784
  • May 27, 2010 11:22am May 27, 2010 11:22am
Quoting dexterific
As a post mortem review, and I missed this spike upwards, I just wish to understand from all who opened position in anticipation and took full advantage of the spike.

1) What made you opened a position at the 1.22xx level?
2) How did you decide on which direction it will go - long or short?

Thanks guys. Appreciate it.
It moved passed that previous high around 1.2341 with alot of momentum and I jumped on board. I try to keep it simple

Edit:Looks like it might have resistance on this same line going the other way..I try to just react to breakouts in the direction of the trend
  • #248,785
  • May 27, 2010 11:22am May 27, 2010 11:22am
Out of the market at 1.2364. Caught the bottom at 1.2212, after waiting from shorting off the top. I am calling it a day for the moment. The market should give more upside.
I've seen some posts I couldn't answer before as I was busy, but guess the answers are obvious now.
  • #248,786
  • May 27, 2010 11:26am May 27, 2010 11:26am
Quoting sed34
Enjoy your profits guys...I know I will
Right, it's like 2 person enjoying a profit and rest 98 crying over loss..

That's Forex, baby.

Watch out your shorts, it's too early to short.. Just a small reset, that's all it is..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #248,787
  • May 27, 2010 11:26am May 27, 2010 11:26am
Technical play started. This is important hour for bull and bear.
You cannot learn better without losing
  • #248,788
  • May 27, 2010 11:27am May 27, 2010 11:27am
Quoting dexterific
As a post mortem review, and I missed this spike upwards, I just wish to understand from all who opened position in anticipation and took full advantage of the spike.

1) What made you opened a position at the 1.22xx level?
2) How did you decide on which direction it will go - long or short?



Thanks guys. Appreciate it.
well i had a stupid connection problem with my platform and was in a bad position yesterday with longs opened above 1.23 and shorts at 1.22. i was flat in the asian session. i entered more long around 1.222/1.223 with progressive entry points using an ichi indicator on 30 m tf.
then on second failed at 1.234 around 9 i closed the additional longs.
then on second failed attempt of break of 1.22 which was among others a 23 fibo support from yesterday high and the turn point for the bull movement started in asian sessions i close shorts (some at a small loss) and added longs
which longs i almost all closed at 1.234 .
Andreyou
  • #248,789
  • May 27, 2010 11:29am May 27, 2010 11:29am
4h trend line has been touched 3rd time:

Attached Image (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 21 KB
  • #248,790
  • May 27, 2010 11:30am May 27, 2010 11:30am
Hmm, I would be scared to open a short. It may pump higher.
  • #248,791
  • May 27, 2010 11:31am May 27, 2010 11:31am
keeping pending short open.. 2442/2463..
those who can, do. those who cant, talk about those who can
  • #248,792
  • May 27, 2010 11:31am May 27, 2010 11:31am
Quoting Atlast
Out of the market at 1.2364. Caught the bottom at 1.2212, after waiting from shorting off the top. I am calling it a day for the moment. The market should give more upside.
I've seen some posts I couldn't answer before as I was busy, but guess the answers are obvious now.
Yes more upside i guess
And same with usdjpy...broke out to the upside...i'm expecting a larger moves up
COT: The precious data ignored
  • #248,793
  • May 27, 2010 11:31am May 27, 2010 11:31am
Quoting alex.fx
4hr
i'm still long - next 1.2450-1.2475. although i will not be surprised if it goes all the way to 1.2670
  • #248,794
  • May 27, 2010 11:32am May 27, 2010 11:32am
Quoting T.E.Lawrence
4h trend line has been touched 3rd time:

Attachment
What usually happens when those trendlines merge? Big move in one direction or another?
  • #248,795
  • May 27, 2010 11:36am May 27, 2010 11:36am
Quoting Emanuele
Back to south, oh well. Closed all.
chiken
  • #248,796
  • May 27, 2010 11:37am May 27, 2010 11:37am
Quoting gatorinla
keeping pending short open.. 2442/2463..
agree.

Target 1.2000 and 1.1750 ??
  • #248,797
  • May 27, 2010 11:37am May 27, 2010 11:37am
still long,sl moved @2335
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 21 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #248,798
  • May 27, 2010 11:38am May 27, 2010 11:38am
Quoting yakyakgoose
What usually happens when those trendlines merge? Big move in one direction or another?
I usually enter a trade when a trend line is touched 3rd time and I'm confident taking into consideration other things, like views on other time frames and general feeling. But this time it isn't clear yet whether it will go south from here.
  • #248,799
  • May 27, 2010 11:39am May 27, 2010 11:39am
Quoting cagriguler
agree.

Target 1.2000 and 1.1750 ??

Not today or tomorrow my friend.........
  • #248,800
  • May 27, 2010 11:41am May 27, 2010 11:41am
Quoting AmeriTrini
Not today or tomorrow my friend.........
yeap my friend.. Long Term Short 1.24xx reversal. TP1: 1.2000 and TP2: 1.1750
SL: 1.2700
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Jewel1996