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  • #275,621
  • Jul 28, 2010 3:20am Jul 28, 2010 3:20am
Quoting kuroro001
With such powerful inverted hammer on the hourly, and with high vol, eurusd is ready to go down, we might see it the hourly candle in the green, and the next one in the red which will be the sign to go down.
1,2940 & 1,2880 & 1,2820 & 1,2750 are the level i'm paying attention.
For today 1,2880 will suit me well
I have a pending buy @ 1.2880 since monday
  • #275,622
  • Jul 28, 2010 3:23am Jul 28, 2010 3:23am
Quoting T.E.Lawrence
ok, but remember that you're watching what's happened during 1min - do you really think you can make some kind of an educated guess based on 1min PA?
Yes i can, there is also lots of information and lots of fakes on small timeframes. But as you said, its a GUESS, but its a guess also if you trade larger timeframes with wider stops, my only goal is to get a free ride with very small stop,and big reward, same market on daily timeframe or on 1min, personally i entered on 30sec timeframe. I just post my opinions, not how to trade, after all we are all on our own...
  • #275,623
  • Jul 28, 2010 3:23am Jul 28, 2010 3:23am
Nice rejection but still bull holding intraday strength
You cannot learn better without losing
  • #275,624
  • Jul 28, 2010 3:23am Jul 28, 2010 3:23am
Every Time A Trader Says 'I predict', A Pip Dies. How Many More Have to Die?

Please, think of pips.
  • #275,625
  • Jul 28, 2010 3:24am Jul 28, 2010 3:24am
Both side are correct (long/short). Stress test mucked up price action and would explain the sideways market.
  • #275,626
  • Jul 28, 2010 3:29am Jul 28, 2010 3:29am
I've just gone short at 1.2998
  • #275,627
  • Jul 28, 2010 3:32am Jul 28, 2010 3:32am
Quoting T.E.Lawrence
Every Time A Trader Says 'I predict', A Pip Dies. How Many More Have to Die?

Please, think of pips.
True, signed under that, all we are doing, is guessing and then betting, and i mean always,always. Hmm, but predicting is not so bad, the bad part is when you really believe in your own prediction,even if market shows you, you are clearly wrong, ammm, dont want to be wrong,something like that?
  • #275,628
  • Jul 28, 2010 3:35am Jul 28, 2010 3:35am
Weird it's going that high...i don't like it, let's hope for a move down before this H1 close....a close below 1,3000 would be "perfect"
And weird how audusd is well bid .... i'm lost
COT: The precious data ignored
  • #275,629
  • Jul 28, 2010 3:37am Jul 28, 2010 3:37am
I went long at 1.2997

Quoting Boratfx
I've just gone short at 1.2998
  • #275,630
  • Jul 28, 2010 3:37am Jul 28, 2010 3:37am
Quoting BlueGas
Yes i can, there is also lots of information and lots of fakes on small timeframes. But as you said, its a GUESS, but its a guess also if you trade larger timeframes with wider stops, my only goal is to get a free ride with very small stop,and big reward, same market on daily timeframe or on 1min, personally i entered on 30sec timeframe. I just post my opinions, not how to trade, after all we are all on our own...

This is interesting stuff!!

Ok everyone says; who is on the other side of my trade?
That is actually not so interesting unless the majority has bought/sold.

I would say: who is sitting on the fence and will come after me in this trade?
And what will they look towards before putting on their hard earned cash

*Just think about it, 1minute chart...
*And think about those who are not trading but just moving money to another country, I think I read 10% somewhere which falls into this category...

Think...Think...think...
  • #275,631
  • Jul 28, 2010 3:39am Jul 28, 2010 3:39am
PA is trapped between 3050 and 2950 - closure below or above 3000 means nothing, unless you're a scalper.
  • #275,632
  • Jul 28, 2010 3:41am Jul 28, 2010 3:41am
people..... where is the trend??? (((((((((((((((((
  • #275,633
  • Jul 28, 2010 3:43am Jul 28, 2010 3:43am
I'd reduce my short positions if I were you guys, Euro turn around big sure it can fall again but I wouldn't bet on it with a large position, just too risky. I had a major short in Eur/Aud which I've gotten out of today, if your gonna play EU either way have a small position the markets too unpredictable right now. Nonetheless I took a small Long eur/usd @ 1.29, I feel this rally may have legs, if not its only a small position, and ill get out with alacrity.
  • #275,634
  • Jul 28, 2010 3:45am Jul 28, 2010 3:45am
Quoting sonnos
people..... where is the trend??? (((((((((((((((((
Medium term trend is UP
Long term is Down?? Maybe? Regardless Short term is most likely up.
Read a article other day, big boys are betting against the USD and shifting their positions to SHORT USD. From the USD longs we've seen in the last several months.
This means positive for Reflation Trade, Positive for Commodities, positive for Beta currencies, and positive for Euro.
  • #275,635
  • Jul 28, 2010 3:46am Jul 28, 2010 3:46am
Quoting Larseg
This is interesting stuff!!

Ok everyone says; who is on the other side of my trade?
That is actually not so interesting unless the majority has bought/sold.

I would say: who is sitting on the fence and will come after me in this trade?
And what will they look towards before putting on their hard earned cash

*Just think about it, 1minute chart...
*And think about those who are not trading but just moving money to another country, I think I read 10% somewhere which falls into this category...

Think...Think...think...
Who's on the other side? Unless you are not trading on the World market, then your broker is on the other side... as soon as you open a position in any ways, your broker opens exactly the opposite of yours... That is why most of the brokers don't like scalping, because in case if they can't open an opposite trade of yours, they will lose the money that you actually earn. If you are losing, they are happy with it...

"Truth is porn." - I know that...
  • #275,636
  • Jul 28, 2010 3:48am Jul 28, 2010 3:48am
Quoting T.E.Lawrence
PA is trapped between 3050 and 2950 - closure below or above 3000 means nothing, unless you're a scalper.
yes you are right, but for me an hourly close below 1,3000 will show me bears are there, i'll need a confirmation with another red candle on increasing vol to short the pair
COT: The precious data ignored
  • #275,637
  • Jul 28, 2010 3:51am Jul 28, 2010 3:51am
Quoting Larseg
This is interesting stuff!!

Ok everyone says; who is on the other side of my trade?
That is actually not so interesting unless the majority has bought/sold.

I would say: who is sitting on the fence and will come after me in this trade?
And what will they look towards before putting on their hard earned cash

*Just think about it, 1minute chart...
*And think about those who are not trading but just moving money to another country, I think I read 10% somewhere which falls into this category...

Think...Think...think...
Hmm, somehow my thought process; first where are sup&res areas(horizontal,trendlines s&r,fib, candle patterns,patterns about s&p(head&shoulders cand be easily seen on my 1min chart)), where are most of traders putting their stops, limits, where are possible to stophunts, fake breakouts to occur, what is the most "illogical" thing that market will do, and trade that, sry, guessing. But something i do know(and also here market can screw me) if i risk a dollar and get potential reward of 10 dollars, then i know i can have like 50 losing trades, and 5 winning ones and im breakeven, but more likely ill be 25 trades losing,25 breakeven, 5 winning, just rough example.Psychology is the name of the game and where it all starts
  • #275,638
  • Jul 28, 2010 3:52am Jul 28, 2010 3:52am
That will be nice. Still a chance for that. It's realistic & is the best place for a fail break of intraday R. That will trap enough bulls to break down and will be the only way I would consider shorting especially after that fast move down from 1.3036. Above 1.3060, it will fade hopes of a weekly breath by the tick.

sisse

Quoting ikhram
tq Sisse... do u think this pair will retrace up to 3055 before the showDOWN?
Pending conversations? PM for a chat...I am mainly in OTM now
  • #275,639
  • Jul 28, 2010 3:53am Jul 28, 2010 3:53am
Quoting Atomanti
Who's on the other side? Unless you are not trading on the World market, then your broker is on the other side... as soon as you open a position in any ways, your broker opens exactly the opposite of yours... That is why most of the brokers don't like scalping, because in case if they can't open an opposite trade of yours, they will lose the money that you actually earn. If you are losing, they are happy with it...

"Truth is porn." - I know that...
grrrr, of course it is, but somehow i think markets are runned by banks, people with large capital, i think brokers are not moving the markets, if you have a decent one, i mean they cant manipulate it that much. I think price action is pretty much the same at broker or through ECN, if you have a good broker. Anyway i think this is just an excuse. IMHO, brokers earn money on traders mistakes..
  • #275,640
  • Jul 28, 2010 3:54am Jul 28, 2010 3:54am
Quoting sonnos
people..... where is the trend??? (((((((((((((((((
when you can't find the trend, use the pivot, buy above, sell below.
Today the market opened at pivot point, not sure of the significance of that other than saying it is balanced. The market may well be ill prepared for a fall the likes of which we haven't seen for the last month. Should we trade below 1.2915 it's free fall as far as I can see.
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