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EURUSD

  • #260,201
  • Jun 18, 2010 10:22am Jun 18, 2010 10:22am
After experiencing slow price action during London, I've decided not to trade today.

I personally believe price will have to reach 1.2550 before making its way back shorts. Daily fib level indicate strong level approaching. This all should happen next week. Looking forward to some regularity in price after this week. Overall trend is down so if price bounces back down, I'll be looking to short for the long run.
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  • #260,202
  • Jun 18, 2010 10:23am Jun 18, 2010 10:23am
This is massive scalping , can take out any time .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #260,203
  • Jun 18, 2010 10:24am Jun 18, 2010 10:24am
Quoting gurangax
my broker wont allow me to close a trade under 5 minutes. they say it will slow down their servers.
Get another broker. Oanda allows you to open an account for any amount. Credit card accepted.


Just closed my 7th trade, Breakeven : http://img375.imageshack.us/img375/2...2018062010.jpg



The quality of the reversal is decreasing. I'm going to stop my robot for a while.
  • #260,204
  • Jun 18, 2010 10:24am Jun 18, 2010 10:24am
closed my short. Went long for 2 pips as well, and closed. SO now im flat
  • #260,205
  • Jun 18, 2010 10:25am Jun 18, 2010 10:25am
Quoting gurangax
my broker wont allow me to close a trade under 5 minutes. they say it will slow down their servers.
What if your TP hit in less than 5 in? . If they not allow to close the trade manually then you can move TP and SL near together so that it will close anyway.
  • #260,206
  • Jun 18, 2010 10:29am Jun 18, 2010 10:29am
Quoting Jhig
After experiencing slow price action during London, I've decided not to trade today.

I personally believe price will have to reach 1.2550 before making its way back shorts. Daily fib level indicate strong level approaching. This all should happen next week. Looking forward to some regularity in price after this week. Overall trend is down so if price bounces back down, I'll be looking to short for the long run.
A daily chart Congrats for being able to sleep at night, especially when there are crazy people like Trichet & Bernanke making comments when you're sleeping thus creating moves of more than a 100 pips.
  • #260,207
  • Jun 18, 2010 10:30am Jun 18, 2010 10:30am
Quoting longnt
What if your TP hit in less than 5 in? . If they not allow to close the trade manually then you can move TP and SL near together so that it will close anyway.
well i can close in under 5minutes if I want to. They only give like 4 trades under 5 minutes per day. more than that they send a warning email. I really think they should upgrade their server
Gambling with PA
  • #260,208
  • Jun 18, 2010 10:30am Jun 18, 2010 10:30am
Quoting fontu
This is massive scalping , can take out any time .
fontu
all shorts sl at 2+ be & trailing watching how much it can go . 46/40 or bo.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #260,209
  • Jun 18, 2010 10:31am Jun 18, 2010 10:31am
i went short at 59. If the support holds, im out, and we will maybe test 2400 level again. Or we head down as the support breaks, which is likeley.
  • #260,210
  • Jun 18, 2010 10:33am Jun 18, 2010 10:33am
Quoting woo
i went short at 59. If the support holds, im out, and we will maybe test 2400 level again. Or we head down as the support breaks, which is likeley.
Dunno. The trend just stopped. Or stalled. I don't like it. I stop trading a trend at my first BE : it means the chart doesn't want to give me what I want.
  • #260,211
  • Jun 18, 2010 10:34am Jun 18, 2010 10:34am
Quoting woo
i went short at 59. If the support holds, im out, and we will maybe test 2400 level again. Or we head down as the support breaks, which is likeley.
selling at the bottom on a witching friday with just a few hours left in the session?

it could work... but wow...
FUBAR...
  • #260,212
  • Jun 18, 2010 10:35am Jun 18, 2010 10:35am
Quoting gurangax
well i can close in under 5minutes if I want to. They only give like 4 trades under 5 minutes per day. more than that they send a warning email. I really think they should upgrade their server
Go to Oanda. They won't react even if you do 80+ trades/day. And you can close your order in less than 20 sec. Or instantly.
Charts are 5 sec, 10 sec, 30 sec, 1 min.
Leverage is 1:50 or lower.
Wiring the money takes less than 1 day.
  • #260,213
  • Jun 18, 2010 10:38am Jun 18, 2010 10:38am
Quoting ak4x
selling at the bottom on a witching friday with just a few hours left in the session?

it could work... but wow...
And now there's a reversal of the reversal. Looks like a ranging market. Where are the witching fridays when you need them ? Nothing interesting happened today
  • #260,214
  • Jun 18, 2010 10:38am Jun 18, 2010 10:38am
Quoting Intensity
Dunno. The trend just stopped. Or stalled. I don't like it..
dude... it's called the xx50 psych level. no news there and no need to be confused. you can find them at xx00, xx20, xx50, and xx80 on the yoorow.

if you don't believe me that's ok tho, im always looking for pips.
FUBAR...
  • #260,215
  • Jun 18, 2010 10:39am Jun 18, 2010 10:39am
Quoting Intensity
Dunno. The trend just stopped. Or stalled. I don't like it. I stop trading a trend at my first BE : it means the chart doesn't want to give me what I want.

Of course it stalls. Such a big price movement down during these non volatile hours, will result in tp taking.


INTENSITY: nah, ive tight sl.
  • #260,216
  • Jun 18, 2010 10:40am Jun 18, 2010 10:40am
Quoting Intensity
And now there's a reversal of the reversal. Looks like a ranging market.
or the somewhat typical retracement off a psych level/pivot/whatever to previous support turned resistance on these low tf charts...

am i the only one here looking for the Daily pivot tap at 2346?
FUBAR...
  • #260,217
  • Jun 18, 2010 10:40am Jun 18, 2010 10:40am
USA SLOVENIA 2:2 WOW!!! been down 2:0

USA

8 min left..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #260,218
  • Jun 18, 2010 10:40am Jun 18, 2010 10:40am
Quoting Intensity
Go to Oanda. They won't react even if you do 80+ trades/day. And you can close your order in less than 20 sec. Or instantly.
Charts are 5 sec, 10 sec, 30 sec, 1 min.
Leverage is 1:50 or lower.
Wiring the money takes less than 1 day.
Thanks I'll consider it. For now I'm happy with my broker cos It made me trade only when I am 100% sure to trade
Gambling with PA
  • #260,219
  • Jun 18, 2010 10:42am Jun 18, 2010 10:42am
Quoting woo
Of course it stalls. Such a big price movement down during these non volatile hours, will result in tp taking.


INTENSITY: nah, ive tight sl.
Let's hope you're right. If it continues to go down, it might resume the downtrend today and continue next week. Fast movement, high momentum. That'd be fantastic.
  • #260,220
  • Jun 18, 2010 10:43am Jun 18, 2010 10:43am
Quoting Intensity
... Where are the witching fridays when you need them ? Nothing interesting happened today
it's actually the triple or quadwitching that is making activity thin.
volatility is so low, im posting in this thread.

maybe there's action later. maybe not.
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