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  • #269,181
  • Jul 9, 2010 2:00am Jul 9, 2010 2:00am
Quoting Jay Walker
Looks like it's going to be a long. I may be entering at about 2730 on the daily.
I would suggest a short at that level Jay. 3am est reversal is very very typical after a good run up. I was looking for the 731 to short all day and this move now confirms. This move is what would have been missed by those in the U.S that might be sleeping. I woke up just to take this trade. The pullback will set the stage for what will be a flat Friday overall I believe. Go short at 730 I would suggest.
I have been long on this since 685 when I woke up. We will see.......
  • #269,182
  • Jul 9, 2010 2:06am Jul 9, 2010 2:06am
Quoting netrader06
I would suggest a short at that level Jay. 3am est reversal is very very typical after a good run up. I was looking for the 731 to short all day and this move now confirms. This move is what would have been missed by those in the U.S that might be sleeping. I woke up just to take this trade. The pullback will set the stage for what will be a flat Friday overall I believe. Go short at 730 I would suggest.
I have been long on this since 685 when I woke up. We will see.......
We'll see. It hasn't arrived to that neck of the woods yet and if I do, it'll be a heck of a long trade in spite of being on the daily chart.

Friday is very volatile and I traditionally don't trade on Fridays for that reason. But I'll keep an eye on it for Sunday and beyond.
Not all sins are created equal
  • #269,183
  • Jul 9, 2010 2:11am Jul 9, 2010 2:11am
Quoting uraceulose
If you're interested in volume, the senior traders on this thread are some of the best. Malcolmb and HG mainly

http://www.forexfactory.com/showthread.php?t=241760

Thanks, I'm definitely going to read up on this. Anyway, I've usually been pretty good at feeling out where the market wants to go. Just this last bull that has me completely off balance. Big money usually uses some sort of catalyst to help drive price around. From the 350 pip move up last Thursday up until now I can't seem to make sense of any of this. Unless of course something big is cooking that isn't yet public knowledge.
  • #269,184
  • Edited 2:16am Jul 9, 2010 2:15am | Edited 2:16am
Quoting Jay Walker
We'll see. It hasn't arrived to that neck of the woods yet and if I do, it'll be a heck of a long trade in spite of being on the daily chart.

Friday is very volatile and I traditionally don't trade on Fridays for that reason. But I'll keep an eye on it for Sunday and beyond.
I still like 1.3186 longer term, but just for now the pullback should come about R1.....I get a call right here and there so i just wanted to throw that out to you. I see 731 as it for the high today, but if you are holding longer term i am with ya on that for sure. I am not believing this candel on the pullback at all. But will close BE or so as I do not like losses.
  • #269,185
  • Jul 9, 2010 2:17am Jul 9, 2010 2:17am
alright, alarms are set. I'm going to get some shut eye for a few hours..got a few shorts open, along with an au long, uj long and usd chf long

...this is what I'm waiting 4 on G/J

Attached Image (click to enlarge)
Click to Enlarge Name: au11.gif Size: 54 KB
  • #269,186
  • Jul 9, 2010 2:28am Jul 9, 2010 2:28am
OK...I did not like that pullback. Got out with some change. Maybe a set up for 731 later today, but that 722 was exactly 100 pips (for all that know the market likes it 100 pip moves) from that weekly resistance so it could be a trap and I am not going to push it this early in the day. looks like it could break below pivot so I am out for now anyway....I deefinately like the short from 731 if it comes before 4am est candle though.
  • #269,187
  • Jul 9, 2010 2:29am Jul 9, 2010 2:29am
Hi,

Anyone going long should take into account USD index, indicating a reversal may not be far off, although large institutions appear to be building long positions. Buying pressure evident in lower TF.
Attached Image (click to enlarge)
Click to Enlarge Name: USDX.JPG Size: 49 KB
  • #269,188
  • Jul 9, 2010 2:30am Jul 9, 2010 2:30am
Does anyone else see that the H4 candles closes at 9am instead of 8am on MT4. I downloaded it a few days ago, but it seems that the H4 candle closes 1 hour after the time it should be starting a new one?

Is this because it's the free version?
  • #269,189
  • Jul 9, 2010 2:32am Jul 9, 2010 2:32am
hello, I use oanda and activtrades with mt4 too.
please...can you give me you indicator for pivot point in mt4?
usually I put in oanda, but I like this indicator....
can you give me?
can you post here indicator
or send me?
I use skype: frank.farina78
thanks
  • #269,190
  • Jul 9, 2010 2:32am Jul 9, 2010 2:32am
The 50% fib on the daily is at 1.2785... I'm going to short at 1.2750 with a 100 pips SL
"Whether You Think You Can or Can't, You're Right"--Henry Ford
  • #269,191
  • Jul 9, 2010 2:36am Jul 9, 2010 2:36am
Quoting uraceulose
alright, alarms are set. I'm going to get some shut eye for a few hours..got a few shorts open, along with an au long, uj long and usd chf long

...this is what I'm waiting 4 on G/J

Attachment
Not trading gj but seems a good dive ready ? can test a small though .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #269,192
  • Jul 9, 2010 2:36am Jul 9, 2010 2:36am
This feels like a fully loaded train of bulls that has been on a long powerful ride that is slowly loosing steam entering the station to get a new conductor (Mr Bear) to go in the other direction while the bulls are still having a party.
  • #269,193
  • Jul 9, 2010 2:37am Jul 9, 2010 2:37am
Quoting Atlast
Hi,

Anyone going long should take into account USD index, indicating a reversal may not be far off, although large institutions appear to be building long positions. Buying pressure evident in lower TF.

Watching PA from a logical point of view, it doesn't look like somebody is trying to build a long position, it looks to me like somebody is purposely trying to drive this up. If I were trying to build a long position I would be buying dips. They aren't even giving this a chance to fall and whenever it gets close to a TR or critical level they are trying to drive it up through. I could be seeing things differently, but if I'm trying to accumulate a long position I want to pay less, not more.
  • #269,194
  • Jul 9, 2010 2:38am Jul 9, 2010 2:38am
Quoting PIPMunch
Does anyone else see that the H4 candles closes at 9am instead of 8am on MT4. I downloaded it a few days ago, but it seems that the H4 candle closes 1 hour after the time it should be starting a new one?

Is this because it's the free version?
my 4h candle is showing as 8am inline with the previous 4am candle. I use a demo MT4 for my trade set ups though and my live accounts to actually trade. But my mt4 is a free version also.
  • #269,195
  • Jul 9, 2010 2:42am Jul 9, 2010 2:42am
Quoting netrader06
my 4h candle is showing as 8am inline with the previous 4am candle. I use a demo MT4 for my trade set ups though and my live accounts to actually trade. But my mt4 is a free version also.
Yeah that's exactly how i have it at the moment. If i go on my MT4, the last H4 candle is 4:00, and at 9:00 the 8:00 appears.. I would of thought right at 8:00 a new one starts from 8-12pm?
  • #269,196
  • Jul 9, 2010 2:44am Jul 9, 2010 2:44am
Good Morning !

European Forex Technicals: EUR To Extend Strength

By Francis Bray



http://cdn.forexfactory.com/images/attach/pdf.gif

2010-07-09_European Forex Technicals (08h33 CET).pdf (11.9 KB)



Intraday


EUR/USD:


Continues to edge higher towards the 1.2737 wave equality target following the push above 1.2663, although upside momentum is waning. A more important wave equality target lies at 1.2765, projected off the June 29 higher low at 1.2151, and the long-term bear resistance line originating from the November 2009 reaction high at 1.5145 is at 1.2773 for Friday's current session. Corrective weakness will attract support around 1.2600/20, and only below 1.2553 would concern near-term bulls.


Weekly chart EUR/USD trend: Bullish.


Danke für die Nummer eins T-Kater...


;-)
Attached File(s)
File Type: pdf 2010-07-09_European Forex Technicals (08h33 CET).pdf   12 KB | 322 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #269,197
  • Jul 9, 2010 2:44am Jul 9, 2010 2:44am
I want to entry for a small long and then short from the upside. I know it's risky but I am not greedy, I go for only a few pips. Now it is slowly coming down. Where do you think it will turn back up again?
  • #269,198
  • Jul 9, 2010 2:44am Jul 9, 2010 2:44am
Quoting PIPMunch
Yeah that's exactly how i have it at the moment. If i go on my MT4, the last H4 candle is 4:00, and at 9:00 the 8:00 appears.. I would of thought right at 8:00 a new one starts from 8-12pm?

No..That would make it a 5 hour candle. should be 9-12.
  • #269,199
  • Jul 9, 2010 2:49am Jul 9, 2010 2:49am
Finally have an order in and it's missed by a pip. huh. Don't know how to interpret that...


Maybe move it up a bit...
  • #269,200
  • Jul 9, 2010 2:50am Jul 9, 2010 2:50am
Quoting netrader06
No..That would make it a 5 hour candle. should be 9-12.

Oh dear.. How stupid do i look right now! haaah! Thanks.
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