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Price is everything

  • #2,581
  • Oct 12, 2010 9:36pm Oct 12, 2010 9:36pm
Got filled... good luck think I'm going to need it somehow...
  • #2,582
  • Oct 12, 2010 9:48pm Oct 12, 2010 9:48pm
we may have a nice Long opportunity. Lots of candle wicks testing support. be cautious with this, daily trend still bearish.
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  • #2,583
  • Oct 12, 2010 9:57pm Oct 12, 2010 9:57pm
Quoting Ipndasno
we may have a nice Long opportunity. Lots of candle wicks testing support. be cautious with this, daily trend still bearish. Attachment

damn it and damn you


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never respects tls any other time
  • #2,584
  • Oct 12, 2010 10:06pm Oct 12, 2010 10:06pm
sold pound at 25 level.. not giving it much room... just in case this trend continues
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  • #2,585
  • Oct 12, 2010 10:19pm Oct 12, 2010 10:19pm
Quoting redsword11
damn it and damn you


Attachment



never respects tls any other time
Very choppy indeed. Spike was from Employment release for CAD if I remember correctly.
  • #2,586
  • Oct 12, 2010 10:20pm Oct 12, 2010 10:20pm
ok that's it for me... no more trades until european session...

  • #2,587
  • Oct 12, 2010 11:04pm Oct 12, 2010 11:04pm
I have never been in this situation before. Gbp/Chf is resting at the all time low from december 2008....Thats the lowest its ever been since 1998!... Shouldnt we get a pretty decent bounce from this level 1.5105. I mean i have long postions open from there and want to cash in if this is going to be the case...BUUUT. according to my daily analysis, it is telling me otherwise.

ANyway EUR/CHF IS LOOKING PERFECT for selling @ 1.3359

pound downtrend looks to still be the case or maybe a ranging period for tonight...Either way it looks bad for gbp/chf and it might just plummet...im trying to catch a falling knife but damn..Shouldnt this thing bounce from its ALL TIME LOW at least for a 38.2% retrace or a mega reversal?
Gmail: 4xmiracle
  • #2,588
  • Oct 12, 2010 11:19pm Oct 12, 2010 11:19pm
Yeah, im letting go of gbp/chf and going to sell this eur/chf....Its looking good. Selling @ 1.3354 ..... my take profit is going to be 1.3230 stop is going to be 1.3392

I will probally wake up in 8 hrs to see whats up and may close trade depending on what i see if it doesnt reach tp
Gmail: 4xmiracle
  • #2,589
  • Oct 13, 2010 12:40am Oct 13, 2010 12:40am
Quoting redsword11
its a short only if you identify a bullish config on audusd ...........
euraud at supply, but no bullish config on audusd...
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  • #2,590
  • Oct 13, 2010 12:53am Oct 13, 2010 12:53am
sold cable
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  • #2,591
  • Oct 13, 2010 1:04am Oct 13, 2010 1:04am
watching to see how prices reacts at this level on audjpy. bounce or drop? i would like a bounce.
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  • #2,592
  • Oct 13, 2010 1:09am Oct 13, 2010 1:09am
Loony may have bullish engulfing forming at demand...
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  • #2,593
  • Oct 13, 2010 1:12am Oct 13, 2010 1:12am
partial close on cable short...
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  • #2,594
  • Oct 13, 2010 1:46am Oct 13, 2010 1:46am
Quoting Dropped Onion
partial close on cable short...
rest out on spike at BE. Looking to enter long, if supply has been consumed
  • #2,595
  • Oct 13, 2010 2:09am Oct 13, 2010 2:09am
Quoting Dropped Onion
rest out on spike at BE. Looking to enter long, if supply has been consumed
Bought cable
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  • #2,596
  • Oct 13, 2010 2:35am Oct 13, 2010 2:35am
DANGIT!!!....Should have stayed with the gbp/chf position... I KNEW IT.

Should have stayed with that sucker for at least the 100 pips. LORD knows if it gets back to that bottom level...IM IN THERE!!

Eur/chf im still short and gbp/jpy is short from its current price 129.86
Gmail: 4xmiracle
  • #2,597
  • Oct 13, 2010 3:05am Oct 13, 2010 3:05am
Quoting Dropped Onion
Bought cable
partial close here.
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  • #2,598
  • Oct 13, 2010 7:41am Oct 13, 2010 7:41am
Quoting Dropped Onion
gotta run Red. GLGT...
Very clear charts Onion.
  • #2,599
  • Oct 13, 2010 7:52am Oct 13, 2010 7:52am
Was checking out the 4h gbpcad, and thought of this thread. So I thought I'd stop on by!

When price gets down to the marked level I'll be looking at price and volume.
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  • #2,600
  • Oct 13, 2010 8:12am Oct 13, 2010 8:12am
Quoting Ipndasno
we may have a nice Long opportunity. Lots of candle wicks testing support. be cautious with this, daily trend still bearish. Attachment
70+ pips on CADCHF


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