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  • #9,081
  • Oct 20, 2010 5:20pm Oct 20, 2010 5:20pm
1 (H4 resistance) is a good resistance imo based upon h4.

When attempting a short in this environment I'd like to see a break of 2 (H1 support).

Waiting for a break of h1 support provides me a reasonable static filter with a timely entry.
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Annoying Precision
  • #9,082
  • Oct 20, 2010 5:21pm Oct 20, 2010 5:21pm
H4
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Annoying Precision
  • #9,083
  • Oct 20, 2010 5:35pm Oct 20, 2010 5:35pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting erikte279
1 (H4 resistance) is a good resistance imo based upon h4.

When attempting a short in this environment I'd like to see a break of 2 (H1 support).

Waiting for a break of h1 support provides me a reasonable static filter with a timely entry.
Hi erikte,
Think your way would have been the better way to enter here. It keeps ranging for hours up there now.
Cashed in half of my position for some 25 pips when I saw the H1 support you pointed out is still holding.
Consider to add again once I see a break. Maybe Asia will bring in some direction. Lots of news-releases from China tonight. But bedtime here now for me...
I am much more patient to let my trade find theit way while I'm asleep...
"Blue Horseshoe loves Anacott Steel!"
  • #9,084
  • Oct 20, 2010 5:39pm Oct 20, 2010 5:39pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Tuner
I am much more patient to let my trade find theit way while I'm asleep...
http://dai.ly/b3Qryt
"Blue Horseshoe loves Anacott Steel!"
  • #9,085
  • Edited 6:51pm Oct 20, 2010 6:34pm | Edited 6:51pm
AU 4hr

The move down off the green highs (1.000)on friday and the break of the green lows (9781) on Tuesday says to me we have a trend change and price will be making lower lows in the next few days but that is not going to happen until it can get itself back under the midpoint. That might not happen today as there is a pattern that can see price up to 9920, also dx doesn't look ready to be brought yet to me.
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  • #9,086
  • Oct 20, 2010 6:50pm Oct 20, 2010 6:50pm
DX 0.8 range bar chart. Needs to complete the bar down to 77.03 before I will be looking for usd long positions.
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  • #9,087
  • Oct 20, 2010 7:07pm Oct 20, 2010 7:07pm
GU is technically much more bearish that au or eu at the moment. The 1.61 top on Friday was a significant quarterly and monthly resistance level. I would like to see this move back to at least 1.55. Today looks to be a good day to add to shorts, it is a higher daily open and under the midpoint at 1.5868. The bias is to move back to the green lows from here as long as there is no 4hr closes above 1.5868.
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  • #9,088
  • Oct 20, 2010 11:00pm Oct 20, 2010 11:00pm
Thanks for all of the good posts here over the past couple of days!

It's been a tough week for me with the CFTC changes and now tonight seeing an increase in the spreads with my broker. They are really throwing it at me this week. The next thing they will hit me with is higher taxes on the back-end. I want to cry but forgot how to a long long time ago. If anyone knows of a U.S. broker with typical spreads on A/U of 2 pips or less please let me know.
http://smileys.smileycentral.com/cat/36/36_1_44.gif


I will be out of town and in Miami for a wedding starting tomorrow so I will see all of you again next week. Good Luck on your trades!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,089
  • Oct 21, 2010 3:08am Oct 21, 2010 3:08am
Hi All another make believe to consider..

RSI still low though 36.60. waiting for good PA on 1HR

15mins PA is a go. Waiting for Retail sales numbers to get a better direction of liquidity.
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May the pip flow with you
  • #9,090
  • Oct 21, 2010 3:09am Oct 21, 2010 3:09am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Tuner
Hi erikte,
Think your way would have been the better way to enter here. It keeps ranging for hours up there now.
Cashed in half of my position for some 25 pips when I saw the H1 support you pointed out is still holding.
Consider to add again once I see a break. Maybe Asia will bring in some direction. Lots of news-releases from China tonight. But bedtime here now for me...
I am much more patient to let my trade find theit way while I'm asleep...
Had a trailing stop in place while I was at sleep. With the spike it brought me some 55 pips in the end. Lucky... as We seem to break out to the upside now.
"Blue Horseshoe loves Anacott Steel!"
  • #9,091
  • Oct 21, 2010 3:38am Oct 21, 2010 3:38am
Quoting Tuner
Lucky... as We seem to break out to the upside now.
Better to be lucky than good mate.
  • #9,092
  • Oct 21, 2010 4:16am Oct 21, 2010 4:16am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting thundakiss
Better to be lucky than good mate.
Well...Sometimes it is a portion of luck in this business.
As exact as we try to determine certain levels.
Working with TP, SL or trailing stop. if it gets hit or missed by a tiny lil pip or something.
(Just as Marc had it this week with his SL beein hit)
"Blue Horseshoe loves Anacott Steel!"
  • #9,093
  • Oct 21, 2010 10:25am Oct 21, 2010 10:25am
Hi guys,
I'm long on the EUR/CAD from 1.4240 and targeting 1.4670 because of a break up
Your opinion friends !
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  • #9,094
  • Oct 21, 2010 12:08pm Oct 21, 2010 12:08pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting seifo005
Hi guys,
I'm long on the EUR/CAD from 1.4240 and targeting 1.4670 because of a break up
Your opinion friends !
Hi seifo,
Don't watch that pair closely but had a quick look at it now.
1.4310 - 1.4330 has been area of resistance before. Think they need to be taken out first. Struggling here once again at the moment as it seems.

But lets see if EUR still got enough steam to go higher.
Green pips to you!

-Tuner -
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"Blue Horseshoe loves Anacott Steel!"
  • #9,095
  • Oct 21, 2010 12:33pm Oct 21, 2010 12:33pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Finally some more action again on EUR/CHF.

After the nice upmove this pair has been ranging the last few weeks now.
1.3460 looked like a hard resistance while 1.3290-70 provided a good support.
Been trading within this range for some bounces but still got my longer term EUR/CHF trades open.
Today it seems we finally broke out of that range to the upside.
Dotted line is the 100EMA. First daily close above that line yesterday and today the break-out.

Already retracing back down for now...So lets see if this pair can continue to the upside now or if it was just fake...
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"Blue Horseshoe loves Anacott Steel!"
  • #9,096
  • Oct 21, 2010 12:51pm Oct 21, 2010 12:51pm
Quoting Tuner
Hi seifo,
Don't watch that pair closely but had a quick look at it now.
1.4310 - 1.4330 has been area of resistance before. Think they need to be taken out first. Struggling here once again at the moment as it seems.

But lets see if EUR still got enough steam to go higher.
Green pips to you!

-Tuner -
Thanks Tuner, that was a great advise
Peace
  • #9,097
  • Oct 21, 2010 12:54pm Oct 21, 2010 12:54pm
Hey Marc,

I am playing with that "MA ribbon filled" indi, and wanted to know how to fill it with a solid color, as opposed to the one Ian posted that just has black vertical lines.

I am not "code savvy", so try to put it in layman's terms if possible.

Thanks in advance
  • #9,098
  • Oct 21, 2010 12:58pm Oct 21, 2010 12:58pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting seifo005
Thanks Tuner, that was a great advise
Peace
Just some thoughts on the first look.
I prefer to trade breakouts on a retest of the broken resistance.
But most of the time I miss all the trades then while I am at work

You had a nice entry there that should be protected by the LTL by now...
But nothing is for sure.. that's for sure lol
"Blue Horseshoe loves Anacott Steel!"
  • #9,099
  • Oct 21, 2010 2:02pm Oct 21, 2010 2:02pm
Quoting Tuner
Just some thoughts on the first look.
I prefer to trade breakouts on a retest of the broken resistance.
But most of the time I miss all the trades then while I am at work

You had a nice entry there that should be protected by the LTL by now...
But nothing is for sure.. that's for sure lol
So you don't use limit orders and because of that you miss the breakout ?
For my order; yes I'm protected with the trend line but as you said nothing is for sure.
  • #9,100
  • Oct 21, 2010 2:05pm Oct 21, 2010 2:05pm
HELLO THERE ARE SOME SIGNAL
http://fx-arabia.com/vb/uploaded/964_11287684944.pnghttp://fx-arabia.com/vb/uploaded/964_11287687743.png
GREENIUS
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