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  • #334,181
  • Nov 28, 2010 6:10pm Nov 28, 2010 6:10pm
can someone post their oanda start of day pic please
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  • #334,182
  • Nov 28, 2010 6:10pm Nov 28, 2010 6:10pm
Quoting GulfCoastPip
lol. iflyjetzzz, please participate. I plan on participating even more myself. Beleive me, I'm no youngster. I'm more conservative than .... errrr.... that big guy. Even Mr. Sanitizer, or what the Heck is his name. They're progressive in my book.

I'm a short term trader, most of my trades are on the 5 minute chart, looking at the 15 minute and 1 hour. I make less than 20 trades a month and trade full time. My style wouldn't fit most on this forum. Believe me ... trading is boring. It's how I make my living, but it's boring as hell. I sit on my...
Thanks; I've been shifting from a longer term to a short term trader. Longer term worked great for me on the run down from 1.55ish last year until 1.18; I took a break at 1.25ish and have just returned to the EUR trade.
I see things as bearish for the EUR; Masrim posted earlier today, expressing some of my thoughts. I don't consider these to be manufactured budget problems, but I have thought about them in terms of countering QE/QE2:

Quoting Masrim
Only posting here briefly, been away on other business as of late. But i'm going to comment a bit on the euro crisis. Some say the euro is fundamentally flawed. Others say the euro is about to break up. Some say the germans will get angry for having to pay bailouts. I believe it is all a very clever strategy of QE, I'd call it qualitative easing, so to speak, designed to benefit european exporters and manufacturers and also the banking sector, also a weapon to fight in the currency war. Don't you notice how strangely it comes just in time...
  • #334,183
  • Nov 28, 2010 6:13pm Nov 28, 2010 6:13pm
still short for eu.
long gu 1.5600
  • #334,184
  • Nov 28, 2010 6:15pm Nov 28, 2010 6:15pm
Quoting pawpaw1000
Sorry Jetzz, was actually refering to this Fool

I'd be careful to add to my shorts at these levels or even at break of 3240 as TY can do strange things...

I just took my short as I was sure I could get it to BE...
I've got an itchy trigger finger; if I see a jump north, I'll likely close my positions for a bit.
We're a couple of hours past sunrise in the land of the morning calm. Not so calm there right now tho; a single misstep could set off a powder keg.
  • #334,185
  • Nov 28, 2010 6:18pm Nov 28, 2010 6:18pm
Quoting pawpaw1000
Still wanna go long? don't be crazy mate...

Not sure whether I should take Profit at 3200 or see if we can break through? any advise?

Maybe TP and see what happens at LO?
3179 likely
Thank You
  • #334,186
  • Nov 28, 2010 6:20pm Nov 28, 2010 6:20pm
Quoting iflyjetzzz
I've got an itchy trigger finger; if I see a jump north, I'll likely close my positions for a bit.
We're a couple of hours past sunrise in the land of the morning calm. Not so calm there right now tho; a single misstep could set off a powder keg.
Agreed... Got my s/l +10 now and my Aussie trade also... Will look to short eur/aud on touch of 1.3700... Reckon the Eur is alot worse off than the Aussie, even though it's lost some of its luster as a carry trade
(remarks last week of no more interest hikes...)
@pawpaw1000 on Twitter
  • #334,187
  • Nov 28, 2010 6:21pm Nov 28, 2010 6:21pm
Quoting wormboy
3179 likely
Thanks wormy,

Was thinking of playing it safe and tp at 3205 or just moving s/l as we go.

Got above PP now...
@pawpaw1000 on Twitter
  • #334,188
  • Nov 28, 2010 6:28pm Nov 28, 2010 6:28pm
Quoting pawpaw1000
Thanks wormy,

Was thinking of playing it safe and tp at 3205 or just moving s/l as we go.

Got above PP now...
you're welcome. pvp is @3271, last i/d supp/res level @3273. just a heads up.

good luck my friend, time for breakfast.
Thank You
  • #334,189
  • Nov 28, 2010 6:36pm Nov 28, 2010 6:36pm
Quoting wormboy
3179 likely
Along with Pawpaw, thanks. How solid a floor is 3179? I'm debating on how much to lighten my short at that point; it's less than 100 pips off of Friday's close.
  • #334,190
  • Nov 28, 2010 6:38pm Nov 28, 2010 6:38pm
Quoting wormboy
you're welcome. pvp is @3271, last i/d supp/res level @3273. just a heads up.

good luck my friend, time for breakfast.
When you get back, could you help me with something...

I am short on AUD/USD EUR/USD and also EUR/AUD...

Both AUD and EUR are dropping like flies but my EUR/AUD is sitting just under resistance. DO you reckon it is foolish to put trades on all three pairs? Should I rather have left EUR/AUD? It's got a very nice setup though with a new low and a retrace to the 50% fib... Got in on break of PP and good support...
@pawpaw1000 on Twitter
  • #334,191
  • Nov 28, 2010 6:39pm Nov 28, 2010 6:39pm
very high volume on M5. take care. buying interes reported on forexlive as well.

took half off the table, as atr should be defined by now, sans a wtf... which i doubt right now.
  • #334,192
  • Nov 28, 2010 6:45pm Nov 28, 2010 6:45pm
Closed Fibre for 80 pips...

Still got other two running...

Stopped on EUR/AUD for - 30...

Stupid entry, chasing the trade and HUGE spread...
@pawpaw1000 on Twitter
  • #334,193
  • Nov 28, 2010 6:46pm Nov 28, 2010 6:46pm
Quoting gatorinla
shit happens. charts don't lie. . if we don't bounce at 3189 area level. You can kiss it good bye. i will add more shorts at bounce. i figure the bounce will be a level on the yellow chart....
are we there yet? #333848
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those who can, do. those who cant, talk about those who can
  • #334,194
  • Nov 28, 2010 6:47pm Nov 28, 2010 6:47pm
Quoting KillerWhale
I'm short 1.3340 and also short gbp 1.5600
Euro zone is a mess Ireland not over yet with effect on Euro and Pound, Portugal coming along with more trouble and then Spanish bank failures? Investors don't like Europe at the moment.
Last week I made what in my eyes is a fortune going short EU and this week I hope its even going to be bigger.

Shamu
Wow Closed @ 1.3202, 138 pips on a Sunday afternoon in just a few hours.
Absolutely a good start of the week.
I left my GBP trade untouched, going for 1.5300 here but that might take time.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #334,195
  • Nov 28, 2010 6:47pm Nov 28, 2010 6:47pm
beauty.
drops like a rock through support 3200
  • #334,196
  • Nov 28, 2010 6:47pm Nov 28, 2010 6:47pm
I estimate a weekly close of 1.27-1.30
  • #334,197
  • Nov 28, 2010 6:48pm Nov 28, 2010 6:48pm
Quoting gatorinla
are we there yet? #333848
3196 as of yet, does that count?
  • #334,198
  • Nov 28, 2010 6:50pm Nov 28, 2010 6:50pm
if i was a bull.. the train is leaving the station. dont let a bounce kill a short. time for m/m
those who can, do. those who cant, talk about those who can
  • #334,199
  • Nov 28, 2010 6:52pm Nov 28, 2010 6:52pm
Quoting Mr Hatch
3196 as of yet, does that count?
that chart is based solely on pre september 2008 info... most are within 10 pips. this is hand grenade close enough.
those who can, do. those who cant, talk about those who can
  • #334,200
  • Nov 28, 2010 6:53pm Nov 28, 2010 6:53pm
Quoting gatorinla
if i was a bull.. the train is leaving the station. dont let a bounce kill a short. time for m/m
i'm just looking for a retest on low volume to see if it's worth to close anything for now. london won't be too happy with this level, so i think they'll pump it up a bit.

where's malc when you need him?

Quoting gatorinla
that chart is based solely on pre september 2008 info... most are within 10 pips. this is hand grenade close enough.
i thought so. then let's just hope that ecb doesn't make it follow the "2 forward - 1 back"-thing.
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