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  • #286,781
  • Aug 27, 2010 10:12am Aug 27, 2010 10:12am
or if i am lucky BE
Quoting DrLobo
me too, i hope at some point it will visit pivot point
  • #286,782
  • Aug 27, 2010 10:12am Aug 27, 2010 10:12am
Why short guys? There was an obvious rejection from support on 15m and even more so 30m . I only got like 5 pips from my long though, because I had to go : Ah well that's it from me for this week. Have a nice weekend and cya monday!
  • #286,783
  • Aug 27, 2010 10:14am Aug 27, 2010 10:14am
well 2740 was good resistance today.

Quoting Masrim
Why short guys? There was an obvious rejection from support on 15m and even more so 30m . I only got like 5 pips from my long though, because I had to go : Ah well that's it from me for this week. Have a nice weekend and cya monday!
  • #286,784
  • Aug 27, 2010 10:16am Aug 27, 2010 10:16am
Quoting DrLobo
well 2740 was good resistance today.
Resistance was good but as the market dropped so hard before it started going long....I was pretty sure it would turn around 2740....Guess I was wrong, thats forex for you (unpredictable)

Hedged my position @ 1.2774
  • #286,785
  • Aug 27, 2010 10:19am Aug 27, 2010 10:19am
my position sucked !!! but hope to break even soon.


Quoting ak4x
the day ain't over...
  • #286,786
  • Aug 27, 2010 10:21am Aug 27, 2010 10:21am
Quoting DrLobo
my position sucked !!! but hope to break even soon.
Feels like you will as the market is moving like a boomerang without any logic what so ever atm.
  • #286,787
  • Aug 27, 2010 10:26am Aug 27, 2010 10:26am
Chart update. Although Trichet can shake the market. After the break up of the last daily support is clear that a daily swing high will have to wait until next week.

sisse
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily2.jpg Size: 58 KB
Click to Enlarge Name: eurusd240m36.jpg Size: 76 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #286,788
  • Aug 27, 2010 10:29am Aug 27, 2010 10:29am
missed train
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 28 KB
  • #286,789
  • Aug 27, 2010 10:29am Aug 27, 2010 10:29am
Quoting ak4x
the day ain't over...
somebody might push for a nice crackerjack prize over .2800
"If The Fool persists in his Folly he will become wise." - William Blake
  • #286,790
  • Aug 27, 2010 10:29am Aug 27, 2010 10:29am
This depends on what level we will close at, dont be to sure that we will swing high. If you look at the market this week that shows us that anything can happen. We got almost 100 pips within like an hour....

Quoting sisse
Chart update. Although Trichet can shake the market. After the break up of the last daily support is clear that a daily swing high will have to wait until next week.

sisse
  • #286,791
  • Aug 27, 2010 10:34am Aug 27, 2010 10:34am
That move up respected a support TL I had drawn on M15 two days ago...I forgot I left it on the chart and happened to notice....although that could just be a coincidence with fib level at 2777
Attached Image (click to enlarge)
Click to Enlarge Name: tlM15.JPG Size: 71 KB
  • #286,792
  • Aug 27, 2010 10:39am Aug 27, 2010 10:39am
Hi,
Hope everyone is doing well.

Gotta admit, euro played out quite beautifully in the last hour.

The first chart as you can see, there was a clear sign of a break out and for there was a bull flag right there. I would like to see 1.2789-12795 before I close my long and take a short from there all the way to 1.2660 as can be seen from the second chart.

Again, I am not that experience a trader so I could be talking bullshit

Good luck to everyone.
Attached Images
  • #286,793
  • Aug 27, 2010 10:40am Aug 27, 2010 10:40am
Quoting ak4x
logic has nothing to do with it...

From reading some of the backposts from you guys, it sounds like you need to brush up on two simple things for starters... otherwise, you're doomed.

...trading before the news... (not for you guys.. not yet... maybe never)

...not understanding risk aversion/risk appetite

...trading on fridays.

any of the above can be account killers. combinations of the above are worse.

I closed in profit because of hedging and I am pretty sure I understand risk aversion and the first trade was taken after the news. Looking at the trendlines I am pretty confident that with hedging my position I could have probably made both trades profitable, but I closed the trades just because it is Friday.

Yeah sure trading on fridays can kill you but I have been trading for a long time and weeks like these does not happen often.
  • #286,794
  • Aug 27, 2010 10:42am Aug 27, 2010 10:42am
Don't get your point. Last daily broken S was the 1st clear & good option for the end of the pull-back (that was my short trade this week). Its almost 100% sure is not going to happen today (ok if it break back to 1.265x in the last few hours of the week but it seems very unlikely).

IMO, this week was pretty clear TAwise. It continued the move down after the break of daily S last Friday to the next Support where it was rejected and it pullback to the broken daily S. A textbook example of S/R in action.

sisse

Quoting ClasH
This depends on what level we will close at, dont be to sure that we will swing high. If you look at the market this week that shows us that anything can happen.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #286,795
  • Aug 27, 2010 10:47am Aug 27, 2010 10:47am
Quoting ClasH
I closed in profit because of hedging and I am pretty sure I understand risk aversion and the first trade was taken after the news. Looking at the trendlines I am pretty confident that with hedging my position I could have probably made both trades profitable, but I closed the trades just because it is Friday.

Yeah sure trading on fridays can kill you but I have been trading for a long time and weeks like these does not happen often.

Not try to be argumentative. How long is long?
  • #286,796
  • Aug 27, 2010 10:48am Aug 27, 2010 10:48am
Quoting sisse
Don't get your point. Last daily broken S was the 1st clear & good option for the end of the pull-back (that was my short trade this week). Its almost 100% sure is not going to happen today (ok if it break back to 1.265x in the last few hours of the week but it seems very unlikely).

IMO, this week was pretty clear TAwise. It continued the move down after the break of daily S last Friday to the next Support where it was rejected and it pullback to the broken daily S. A textbook example of S/R in action.

sisse
My bad I was talking about next week, looking at TA we should see a swing towards 2825, but looking at fundamentals the EURUSD should drop....

Thats what I was talking about...sorry I did not get my point across properly
  • #286,797
  • Aug 27, 2010 10:53am Aug 27, 2010 10:53am
Quoting ak4x
logic has nothing to do with it...

From reading some of the backposts from you guys, it sounds like you need to brush up on two simple things for starters... otherwise, you're doomed.

...trading before the news... (not for you guys.. not yet... maybe never)

...not understanding risk aversion/risk appetite

...trading on fridays.

any of the above can be account killers. combinations of the above are worse.
Yup , I stick with this hierarchy ;

1. Breaking News
2. Technical Analysis
3. Calendar News
  • #286,798
  • Aug 27, 2010 11:00am Aug 27, 2010 11:00am
Now the door is open 1,2820 could be the next stop to this train
"Por mais fundo que seja o buraco, pelo menos esse não tem terra em cima"
  • #286,799
  • Aug 27, 2010 11:01am Aug 27, 2010 11:01am
Quoting TripeiroFX
Now the door is open 1,2820 could be the next stop to this train
We need to jump down below 1.2730 first, then hopefully we are well on our way
  • #286,800
  • Aug 27, 2010 11:02am Aug 27, 2010 11:02am
I think it is consolidation time, then after go up to 1.2811

I could be wrong of course..
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