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EURUSD

  • #282,241
  • Aug 16, 2010 5:14am Aug 16, 2010 5:14am
There is no clear direction of market movement now.
  • #282,242
  • Aug 16, 2010 5:15am Aug 16, 2010 5:15am
Quoting wannaberich
same logic too. looking for that break too. my possible reversal area goes from 42 to 54. if we get past that i have 90 to reverse.

chicken bones tell me we will go up. until chicken bones tell me otherwise i will be long.

hapipipin

How far are you riding this up ??
  • #282,243
  • Aug 16, 2010 5:19am Aug 16, 2010 5:19am
I don't use MM but yes that white line is +/- the same as my daily support area. We are looking at the same picture...

sisse

Quoting T@rantula
Just refer to this h4, I have posted it 3 days ago...its pretty straightforward. Above white line and blue resistance line(0/8) is BUY zone

Attachment
Pending conversations? PM for a chat...I am mainly in OTM now
  • #282,244
  • Aug 16, 2010 5:20am Aug 16, 2010 5:20am
i am in the red on this last trade right now.

still believe we are pointing upwards right now... not a lot of conviction, though.

since i am a little more bearish than bullish mid term i will take my pips as i go up rather than leave the positions to run.

very slow today. lets see if us bring some strength.

we take what it gives...

green pips

Quoting Agent-Pipen
How far are you riding this up ??
dreams do come true.
  • #282,245
  • Aug 16, 2010 5:22am Aug 16, 2010 5:22am
This hour might be interesting regarding PA...i hope to see either a new high or new low to take a position...

But monday ain't fun...it's often boring
COT: The precious data ignored
  • #282,246
  • Aug 16, 2010 5:23am Aug 16, 2010 5:23am
Quoting wannaberich
i am in the red on this last trade right now.

still believe we are pointing upwards right now... not a lot of conviction, though.

since i am a little more bearish than bullish mid term i will take my pips as i go up rather than leave the positions to run.

very slow today. lets see if us bring some strength.

we take what it gives...

green pips
I think there's some room for it to still continue up, I'm riding it until the fat lady sings.
  • #282,247
  • Aug 16, 2010 5:27am Aug 16, 2010 5:27am
Quoting kuroro001
this hour might be interesting regarding pa...i hope to see either a new high or new low to take a position...

But monday ain't fun...it's often boring
not only monday the whole month august is bank traders vacation i used to get vacation in it but this year is different
  • #282,248
  • Aug 16, 2010 5:29am Aug 16, 2010 5:29am
Quoting sisse
Welcome back Fontu, yes we are trading the end of the consolidation and bears havn't done any major damage yet .... Good luck on your position later.

sisse
Thanks sisse, yes apparently so & took one one lowest lot long to see later in all 3 pairs though they are not equally ready may be for up.

Try back later.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #282,249
  • Aug 16, 2010 5:32am Aug 16, 2010 5:32am
chicken bones still read up but 17 is putting a hell of a fight.

40 might be strong obstacle so, since my first tp is at 57 and we might no get there, i will put sl at be around 40 in case things go wrong at that level.

hapipipin

Quoting fontu
Thanks sisse, yes apparently so & took one one lowest long to see later in all 3 pairs though they are not equally ready may be for up.

Try back later.
fontu
dreams do come true.
  • #282,250
  • Aug 16, 2010 5:34am Aug 16, 2010 5:34am
What Made USD CHF so naked?????
  • #282,251
  • Aug 16, 2010 5:36am Aug 16, 2010 5:36am
i'm not going long.
I'll wait for divergence on 5M.
I've posted few weeks ago almost same pattern.
That pattern from monthly loves repeat on 5M. More interesting is that, if we turn monthly by 180* then we'll see pattern what occurs very oft on 5M too with divergences and clear entries.

What happens at end ? For longer term exit is downside without breaking first swing high. With high probability it will happen on Monthly.


Just shorted at 1.2825 SL 1.2835. 10 pips is very small SL
Attached Image (click to enlarge)
Click to Enlarge Name: pattern.png Size: 76 KB
  • #282,252
  • Aug 16, 2010 5:40am Aug 16, 2010 5:40am
were testing the trendline now... have no positions for now.
  • #282,253
  • Aug 16, 2010 5:43am Aug 16, 2010 5:43am
Quoting sopel
i'm not going long.
I'll wait for divergence on 5M.
I've posted few weeks ago almost same pattern.
That pattern from monthly loves repeat on 5M. More interesting is that, if we turn monthly by 180* then we'll see pattern what occurs very oft on 5M too with divergences and clear entries.

What happens at end ? For longer term exit is downside without breaking first swing high. With high probability it will happen on Monthly.


Just shorted at 1.2825 SL 1.2835. 10 pips is very small SL
Looking at your chart, isn't it indicating going long?
  • #282,254
  • Aug 16, 2010 5:45am Aug 16, 2010 5:45am
Hi,

can you please let us know which trader do you use for your live trading.

thanks


Quoting wannaberich
chicken bones still read up but 17 is putting a hell of a fight.

40 might be strong obstacle so, since my first tp is at 57 and we might no get there, i will put sl at be around 40 in case things go wrong at that level.

hapipipin
  • #282,255
  • Aug 16, 2010 5:47am Aug 16, 2010 5:47am
With all due respect your comments are misleading. It's a long time since low liquidity and low volatility are the rule during august. That was true years ago before the boom in electronic trading and it was only "valid" mainly for stocks.

Financial markets and especially currencies markets don't show even the minimum correlation on what you are saying. Since the introduction of the euro for example only last year August was the month with the lowest volatility ... and don't even ask about the VIX during these months since the financial crisis started.... Additionally volatility and 400 pip range (the lowest august ever) is more than enough for 99% of intraday traders...So sorry but that's misleading if you are not a position trader or investor trader. IMO this is based on some "trading myths" that appear in forums from time to time and are not relevant from most small traders.

In any case, good luck with your trading

sisse

Quoting xoiper
not only monday the whole month august is bank traders vacation i used to get vacation in it but this year is different
Pending conversations? PM for a chat...I am mainly in OTM now
  • #282,256
  • Aug 16, 2010 5:48am Aug 16, 2010 5:48am
Quoting Agent-Pipen
Looking at your chart, isn't it indicating going long?

no. SL BE +5
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 49 KB
  • #282,257
  • Aug 16, 2010 5:50am Aug 16, 2010 5:50am
Shorting 5m tops on eur/usd but USD has been kind of weak today so far, look at usd/jpy, heavy shorts.
They think they are smarter than I am.
  • #282,258
  • Aug 16, 2010 5:51am Aug 16, 2010 5:51am
Quoting sopel
no. SL BE +5
Aww, okay I see it now. Thanks, please let me know when you think it's starting to run for the Bull. I have a feeling that today would be a Bull's turf.
  • #282,259
  • Aug 16, 2010 5:52am Aug 16, 2010 5:52am
Quoting Agent-Pipen
Aww, okay I see it now. Thanks, please let me know when you think it's starting to run for the Bull. I have a feeling that today would be a Bull's turf.
Bull is very close... on 1H i see bull but scalps are good too. Unloaded half with 15 pips, rest is for SL or TP 1.2775
  • #282,260
  • Aug 16, 2010 5:54am Aug 16, 2010 5:54am
Quoting sisse
With all due respect your comments are misleading. It's a long time since low liquidity and low volatility are the rule during august. That was true years ago before the boom in electronic trading and it was only "valid" mainly for stocks.

IMO this is based on some "trading myths" that appear in forums from time to time and are not relevant from most small traders.
I double agree with this guy!
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
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