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  • #272,241
  • Jul 16, 2010 5:04am Jul 16, 2010 5:04am
Quoting T@rantula
EUR will try to push thru psycho 3000 level aiming at 3020 and 31xx levels..According to BW first stop 3020...still no sign of strong bearish divergence @ h4
if it don't happen now. eyes on 3281+ for me
those who can, do. those who cant, talk about those who can
  • #272,242
  • Edited 5:16am Jul 16, 2010 5:06am | Edited 5:16am
Enter short with 5 positions at 1.2976 which seems for me a good price despite if market price will go further north.
DR1 at 1.3018 and R3 at 1.3267. If daily EMA120 will be broken definitely then further moves upwards would be given. Hedging the open positions would be then executed.
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  • #272,243
  • Jul 16, 2010 5:07am Jul 16, 2010 5:07am
Quoting Atlast
1 hr. I am holding my short position, and averaging down today. Something has to correct. It has to be EU. could be wrong though.
last bar showed buying pressure still evident. This could be a long day for me to turn a profit.
Does your broker allows hedging?
  • #272,244
  • Jul 16, 2010 5:09am Jul 16, 2010 5:09am
Quoting Atlast
the volume trend on my chart, and i have been watching GU. This thing was set to move lower when I opened my short. there is now a discrepancy between the two.
some institutes buying EURGBP since middle of this week, can't find an info now
No crystal ball. I read the cards.
  • #272,245
  • Jul 16, 2010 5:10am Jul 16, 2010 5:10am
half off at 82, and tight trailer just hit for... flat and done till next week. careful trades all.
FUBAR...
  • #272,246
  • Jul 16, 2010 5:11am Jul 16, 2010 5:11am
Quoting Leeson
Does your broker allows hedging?
I don't hedge the same pair. I use USDCHF to hedge and I'm not hedging today.
I am down 24 pips. that doesn't make me want to hedge. I am shorting this today until it goes in line with the overall market. level to touch 1.2895.
i could change my mind later.
  • #272,247
  • Jul 16, 2010 5:12am Jul 16, 2010 5:12am
Quoting Atlast
1 hr. I am holding my short position, and averaging down today. Something has to correct. It has to be EU. could be wrong though.
last bar showed buying pressure still evident. This could be a long day for me to turn a profit.
Take care there is possibility to 1.3050
GL
  • #272,248
  • Jul 16, 2010 5:13am Jul 16, 2010 5:13am
Quoting Redeemed1
Actually good data could send this reeling down as I sense it won't take much at this level.
Re you pretty much hit it on the money.
  • #272,249
  • Jul 16, 2010 5:13am Jul 16, 2010 5:13am
Quoting ak4x
half off at 82, and tight trailer just hit for... flat and done till next week. careful trades all.
good trade. I should have stuck to my original plan to buy the retrace, but glad someone did.
  • #272,250
  • Jul 16, 2010 5:14am Jul 16, 2010 5:14am
Quoting Atlast
I don't hedge the same pair. I use USDCHF to hedge and I'm not hedging today.
I am down 24 pips. that doesn't make me want to hedge. I am shorting this today until it goes in line with the overall market. level to touch 1.2895.
i could change my mind later.
What do you mean "until it goes in line with the overall market"?-Thanks
  • #272,251
  • Jul 16, 2010 5:15am Jul 16, 2010 5:15am
Quoting ak4x
half off at 82, and tight trailer just hit for... flat and done till next week. careful trades all.
I took my 15 pips off the table last bar and will probably join you in calling it a day/week. After USD new release is done, I'm not expecting much movement afterwards.
  • #272,252
  • Jul 16, 2010 5:20am Jul 16, 2010 5:20am
Bringing to your attention: the possibility of a severe Dow crash sometimes today or next week perhaps. There is high energy on the market and it can lead to a great increase in volatility. Also it has a "crossing of death" MA pattern signaling the beginning of a possible multi week downtrend. Both increased volatility and MA crossing are considered bearish signs. Still a clear rally above
10400-10550 area would reject these signals. So be cautious, the Dow is walking on thin ice.
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  • #272,253
  • Jul 16, 2010 5:22am Jul 16, 2010 5:22am
Closed my eurusd long, and went long on usdchf instead...3 times it bounces off its support...supported by increasing vol on it's upmove
I'll target 1,0500

And i might go long usdjpy after the big fall only this hourly close in the green side
Bullish engulfing pattern off the 87 level...waiting for a bounce higher now to target 88

And i don't know what to do with eurusd, it's close to 1,3000...i might wait until it clears that level or bounces off it
COT: The precious data ignored
  • #272,254
  • Jul 16, 2010 5:25am Jul 16, 2010 5:25am
Target for today reached so far = +107 PIPS

I'll be back for the newsrelease @ GMT 12:30.

Anyone think I'm not crazy trading the news... here is some info:

CPI Ex Food & Energy M/M

Condition: buy if high

Expected: 0.1

Trigger deviation is 0.1 (BUY if > 0.2) 25-40 PIPS

Pair to trade: EUR/JPY

Good luck.
  • #272,255
  • Jul 16, 2010 5:31am Jul 16, 2010 5:31am
Longo EURUSD 1.2970 with tight SL TP set at 1.3011
  • #272,256
  • Jul 16, 2010 5:32am Jul 16, 2010 5:32am
Quoting Masrim
Bringing to your attention: the possibility of a severe Dow crash sometimes today or next week perhaps. There is high energy on the market and it can lead to a great increase in volatility. Also it has a "crossing of death" MA pattern signaling the beginning of a possible multi week downtrend. Both increased volatility and MA crossing are considered bearish signs. Still a clear rally above
10400-10550 area would reject these signals. So be cautious, the Dow is walking on thin ice.
So when you go in...are you looking short?
  • #272,257
  • Jul 16, 2010 5:37am Jul 16, 2010 5:37am
Quoting Atlast
I don't hedge the same pair. I use USDCHF to hedge and I'm not hedging today.
I am down 24 pips. that doesn't make me want to hedge. I am shorting this today until it goes in line with the overall market. level to touch 1.2895.
i could change my mind later.
2c. for EU I found very precise hedging with USDDKK - found it 98% of. At oanda used for long time. sure, commissions and interests and spread are wider a bit, but very useful - like an mirror. And needed some adjustment in lot calculation because is different, like 100k of EURUSD is 126k of USDDKK meaning euro margin exposure to the same target.

This is only for those who want trade EU on same oanda's account without switching to sub.accs when trade trend positions and retrace positions at the same time, because oanda do not allow hedge on same sub acc.
No crystal ball. I read the cards.
  • #272,258
  • Jul 16, 2010 5:39am Jul 16, 2010 5:39am
Quoting Redeemed1
So when you go in...are you looking short?
Yes I'm looking to go short Dow. Still waiting for some trigger event, a plunge below 10200 would be good technically. S&P below 1084. Could happen any day now. Still we are talking daily scale, so we should be patient. Watch daily candles closely, shouldn't be long. the way I see it in 4-5 candles(days) it should be clear. Look to go short around 10500 something if it is reached or on a breach of 10200.
  • #272,259
  • Jul 16, 2010 5:42am Jul 16, 2010 5:42am
Quoting Masrim
Bringing to your attention: the possibility of a severe Dow crash sometimes today or next week perhaps. There is high energy on the market and it can lead to a great increase in volatility. Also it has a "crossing of death" MA pattern signaling the beginning of a possible multi week downtrend. Both increased volatility and MA crossing are considered bearish signs. Still a clear rally above
10400-10550 area would reject these signals. So be cautious, the Dow is walking on thin ice.
I ask about you seeing this as a bear because it seems lately bad US data that would send USDx higher seems to have an adverse effect instead. I see all kinds of bear signs where we are at- just as you say but the result has not lined up. I think soon it will come out in the wash.
  • #272,260
  • Jul 16, 2010 5:45am Jul 16, 2010 5:45am
Masrim-Thanks for your reply. I was typing while you were answering me. You are the first to point your stated info which is somewhat contrarian atm.
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