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  • #296,041
  • Sep 24, 2010 7:58am Sep 24, 2010 7:58am
What about evening news? Have somebody any vision?
  • #296,042
  • Sep 24, 2010 7:59am Sep 24, 2010 7:59am
Quoting T@rantula
its not gambling....its experience and charts....spider webs rarely miss
Yes 1.3460 is almost in your grasp... will you re-enter after another retrace or wait for the home sales?

Again just common interest.
Today's zone = Tomorrow's opportunity!
  • #296,043
  • Sep 24, 2010 8:01am Sep 24, 2010 8:01am
Quoting pres78
You just went long now even with news coming in 20 min? What do you mean if we break above 1.35? I assume you SL for this long trade is below 3400?
yes my s/l was below 3400. now trailing stop initiated, thou I may monitor the trade manually.

When my indicators spot a consolidation I usually open the trade. Detected OsMA hidden bullish divergence confirmed the trade.
  • #296,044
  • Sep 24, 2010 8:01am Sep 24, 2010 8:01am
Quoting fraktalas
What about evening news? Have somebody any vision?
Chairman Bernanke speaks tonight just before market close and the BOJ speaks tommorow... I mentioned this in an earlier post that we might see some possible gaps when the market re-opens.

Watching for spikes in the end of NY session today while Benanke speech is happening could give some clues to how it may gap.
Today's zone = Tomorrow's opportunity!
  • #296,045
  • Sep 24, 2010 8:02am Sep 24, 2010 8:02am
Quoting T@rantula
its not gambling....its experience and charts....spider webs rarely miss
what can I say, way to go
  • #296,046
  • Sep 24, 2010 8:02am Sep 24, 2010 8:02am
Quoting pres78
Yes 1.3460 is almost in your grasp... will you re-enter after another retrace or wait for the home sales?

Again just common interest.
It depends...after I close this trade...it will be enuf. I dont like to overtrade and lose the profit. Money management plays a key part in my trading plan
  • #296,047
  • Sep 24, 2010 8:03am Sep 24, 2010 8:03am
This is it with the upmove. Now a correction toward the 1.3384/76 area! from there possible continuation of the uptrend, although I doubt it for now. Lets see...
Attached Image (click to enlarge)
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  • #296,048
  • Sep 24, 2010 8:04am Sep 24, 2010 8:04am
Put in my TP just before the 1.35 mark for a 90 pip gain on reentry. Theres going to be alot of resistance between 1.3500 and 1.3510. For the sake of 10 pips I'd rather sit that one out and look at a reentry once we're clear of the .3510
  • #296,049
  • Sep 24, 2010 8:05am Sep 24, 2010 8:05am
Quoting fraktalas
What about evening news? Have somebody any vision?
If the numbers are reasonable (say not a new major low), we'll go up. We'll need something truly shocking right now to stop the bull. On the other hand, EUR/USD @ 1.35 or higher is going to hurt the euro economy real soon: BMW's won't be that cheap anymore in dollars, so we'll start seeing paler numbers coming out of Europe. And of course, there is always the wild card play: Greece, Ireland...
  • #296,050
  • Sep 24, 2010 8:06am Sep 24, 2010 8:06am
Quoting mfoste1
if they sales are good then it will go up......but regardless of how good or bad they may be, there will be sellers above 3500, its the 50 fib level from 5147-1874. That 50 fib is a major profit taking level for big traders.
Should be pretty safe level to sell as what comes intraday, i would do it around 1.3520-30.
Level should pave the way for near future after likely consolidation.

Anyway, needs a strong swing downside to wipe out fresh north-goers.
They think they are smarter than I am.
  • #296,051
  • Sep 24, 2010 8:06am Sep 24, 2010 8:06am
Well looking at the weekly, barring any big changes pretty impressive. Something like 20 or 21 week highs
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #296,052
  • Sep 24, 2010 8:06am Sep 24, 2010 8:06am
Quoting T@rantula
It depends...after I close this trade...it will be enuf. I dont like to overtrade and lose the profit. Money management plays a key part in my trading plan
Fridays are famous for that
  • #296,053
  • Sep 24, 2010 8:07am Sep 24, 2010 8:07am
Quoting T@rantula
It depends...after I close this trade...it will be enuf. I dont like to overtrade and lose the profit. Money management plays a key part in my trading plan

Agreed I have been on a good roll since Tuesday (well all week has been pretty good) with 7 straight profit trades and no losses since Tuesday. All in all I am up 140 pips on the week. Not as good as many I am sure (I haven't figured out yet how to get in the big trends low and when to best exit) but good none the less.

My issue is learning to not jump out on small retraces before price continues but to better determine actual time of full reversal when to cut profits and run.

That is what I want to learn the most.
Today's zone = Tomorrow's opportunity!
  • #296,054
  • Sep 24, 2010 8:10am Sep 24, 2010 8:10am
  •  Pipalot
  • | Joined Sep 2010 | Status: Going with the flow of the markets | 79 Posts
[quote=digictron;4046658]what can I say, way to go[/QUO

Ok good luck to you on that, but in my book and i would like to think most others, placing a trade right before a high impact news item is gambling. News can go either way, if you went long then you were lucky this time, it could of quite easily have gone the other way, you can't disagree with that, or can you?
  • #296,055
  • Sep 24, 2010 8:11am Sep 24, 2010 8:11am
  •  Pipalot
  • | Joined Sep 2010 | Status: Going with the flow of the markets | 79 Posts
Quoting T@rantula
its not gambling....its experience and charts....spider webs rarely miss
My above post was in response to this........
  • #296,056
  • Sep 24, 2010 8:13am Sep 24, 2010 8:13am
Quoting Fly2
my short still in play for today/for now
This going to 1.3480-1.3510

Why short? Doolar is dead.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #296,057
  • Sep 24, 2010 8:14am Sep 24, 2010 8:14am
moving my stop to 3439 +65 booked
  • #296,058
  • Sep 24, 2010 8:14am Sep 24, 2010 8:14am
Quoting svet_an
This is it with the upmove. Now a correction toward the 1.3384/76 area! from there possible continuation of the uptrend, although I doubt it for now. Lets see...
very good way to trade keep it up and its nice to see calculated targets
  • #296,059
  • Sep 24, 2010 8:15am Sep 24, 2010 8:15am
Quoting T.E.Lawrence
Looks like there is a pressure to the upside. I'm looking for a place to buy.

P.S.

I've just bought fiber @3407
Trade closed +53 pips.
  • #296,060
  • Sep 24, 2010 8:15am Sep 24, 2010 8:15am
another 35pips and im out otherwise im happy with it
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