Attachments: EURUSD

EURUSD

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#258,821
Jun 16, 2010 7:51am Jun 16, 2010 7:51am

aykenar
| Joined Apr 2010 | Status: Trader | 90 Posts

Quoting PipVip

Disliked

I just draw lines.
If it bounces, I go with it.
If it breeches, I go with it.

Ignored

Sounds good

#258,822
Jun 16, 2010 7:51am Jun 16, 2010 7:51am

Mr J
| Joined Aug 2009 | Status: Trader | 1,074 Posts

Always take good prices. Whenever I forget this, it haunts me. Taking some poor prices early in this retracement has me waiting for a break, rather than being able to hold onto my earlier 2330 short. Quite a difference, +60 pips and in position, versus waiting for a drop before getting in. Messed up this retracement pretty bad.

#258,823
Jun 16, 2010 7:52am Jun 16, 2010 7:52am

PipVip
| Joined Feb 2007 | Status: Trader | 299 Posts

I know this is not the right forum, but GBP/USD is looking tasty. It's getting squeezed by a triangle and appears (maybe) to be breaking downward on the 30 minute, but the bar is not completed yet.

#258,824
Jun 16, 2010 7:58am Jun 16, 2010 7:58am

Vladimir1987
Joined Mar 2009 | Status: Trader | 1,739 Posts

i went long but think a pullback will occur and went out waiting for a retrace

#258,825
Jun 16, 2010 8:00am Jun 16, 2010 8:00am

macsetta
| Joined May 2010 | Status: Trader | 97 Posts

So most of you think it is going up, and then down. What is the maximum it can reach in your opinion?

#258,826
Jun 16, 2010 8:00am Jun 16, 2010 8:00am

mfoste1
Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts

eu looks like its changing hands......lets see what happens @ us open

#258,827
Jun 16, 2010 8:01am Jun 16, 2010 8:01am

hyperion1980
| Joined Apr 2010 | Status: Belgian Trader (as a hobby) | 242 Posts

what a mess... trendline break -> is it going up now?

#258,828
Jun 16, 2010 8:08am Jun 16, 2010 8:08am

The flame
| Joined Dec 2009 | Status: Pips brewer | 210 Posts

i may be wrong but i see a resistance around 1.229 (yesterday around 1pm gmt and daily pivot and ema 100)....i've a pending long at 1.22711 since ido have a mixed up situation but see it more bullish than bearish... would be great bouncing from this lower channel up to test the 238 one more time......however let's see what'll happen at 2250....
90% will happen the opposite!

#258,829
Jun 16, 2010 8:10am Jun 16, 2010 8:10am

hyperion1980
| Joined Apr 2010 | Status: Belgian Trader (as a hobby) | 242 Posts

H1 trendline support level bounce off + bounce off 50% fib level from yesterdays rally + failed to close below PP 12277... What a day. And somehow I managed to make a small profit.

#258,830
Jun 16, 2010 8:10am Jun 16, 2010 8:10am

PipVip
| Joined Feb 2007 | Status: Trader | 299 Posts

Quoting macsetta

Disliked

So most of you think it is going up, and then down. What is the maximum it can reach in your opinion?

Ignored

The resistance line on the 15 minute is currently at 1.2356 and rising gently.

#258,831
Jun 16, 2010 8:10am Jun 16, 2010 8:10am

Mr J
| Joined Aug 2009 | Status: Trader | 1,074 Posts

Quoting hyperion1980

Disliked

what a mess... trendline break -> is it going up now?

Ignored

I can't lean either way here. Neither direction would surprise me. I think there's a good case for either direction, so if it falls, I'm short, if it rises, I wait.

#258,832
Jun 16, 2010 8:10am Jun 16, 2010 8:10am

USD-Bear
Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts

Quoting Mr J

Disliked

Always take good prices. Whenever I forget this, it haunts me. Taking some poor prices early in this retracement has me waiting for a break, rather than being able to hold onto my earlier 2330 short. Quite a difference, +60 pips and in position, versus waiting for a drop before getting in. Messed up this retracement pretty bad.

Ignored

Yes very important.
I played the retrace from 1.2345 towards 1.2260
Of course a lot of luck in it, but both prices were used without waiting for confirmation. For me its better to involve a little more gambling at entries and closings and accept some missers (good mm), then waiting for a lot of confirmation and walking behind the move.
Of course this could be very personal....

Don't be a hero. Don't have an ego. Always question yourself