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EURUSD

  • #336,581
  • Dec 1, 2010 6:45am Dec 1, 2010 6:45am
Quoting beehivesjoe
I don't get it? Why would you trade comodoties over forex if your account is big enough?
I have never traded them and i stand to be corrected but i hear it's like trading standard lots only in forex

1 pip movement is like $10
Mind over matter..I don't mind and you don't matter.
  • #336,582
  • Dec 1, 2010 6:45am Dec 1, 2010 6:45am
Quoting DudeSepii
To short E/J below 110 level is a very daring move
Agreed, especially just above 109 level... But one can understand that someone would do it looking at all the EUR news and maybe BOJ intervention...

THere are always reasons to enter, that's the problem
@pawpaw1000 on Twitter
  • #336,583
  • Dec 1, 2010 6:45am Dec 1, 2010 6:45am
#336550

Take Profit 1.3052
  • #336,584
  • Dec 1, 2010 6:47am Dec 1, 2010 6:47am
Quoting PipChick
Sound advice (depending on you position size and acct size)
where do you guys see the resistance though? EJ's used some range for today since asian (bout 130 pips) and its just been brushing 109.90 region back and forth for the past 3 hours. i'm risking quite a fair bit here so it's a painful pinch. originally i put a stop 50 pips away, but i stretched that (against my better judgement)
  • #336,585
  • Dec 1, 2010 6:48am Dec 1, 2010 6:48am
Quoting DudeSepii
Why you short at the bottom?
yesterday's bottom was 108.36, and i trade asian so this morning it was stil in the 108.50 region.
  • #336,586
  • Dec 1, 2010 6:50am Dec 1, 2010 6:50am
Quoting athenaesword
where do you guys see the resistance though? EJ's used some range for today since asian (bout 130 pips) and its just been brushing 109.90 region back and forth for the past 3 hours. i'm risking quite a fair bit here so it's a painful pinch. originally i put a stop 50 pips away, but i stretched that (against my better judgement)
It's not looking good for you...

1st real resistance is 111.00

but 110 might hold. Price looks quite bullish. You're so close to 110 now, might as well place stop at 110.10 and see what happens...

NEVER move SL and NEVER enter with too large a lot and NEVER enter just above resistance!

Good Luck
@pawpaw1000 on Twitter
  • #336,587
  • Dec 1, 2010 6:50am Dec 1, 2010 6:50am
Quoting pawpaw1000
Agreed, especially just above 109 level... But one can understand that someone would do it looking at all the EUR news and maybe BOJ intervention...

THere are always reasons to enter, that's the problem
Wouldn't boj intervention make jpy weak and hence a case for the opposite direction?



.
Mind over matter..I don't mind and you don't matter.
  • #336,588
  • Dec 1, 2010 6:51am Dec 1, 2010 6:51am
Quoting athenaesword
i'm short. EJ's 10 pips from the top right now i was short from 109.33. just got caught off guard by this move up. and it looks to be not abating any time soon. wondering what you guys think.
Without a clear exit strategy you don't go in in the first place! Get out, start again.
  • #336,589
  • Dec 1, 2010 6:51am Dec 1, 2010 6:51am
Quoting PayTheLimit
I'm watching 3067 on the hourly, bullish bias above....
still bullish here(bullflag). took a long again @ 1.3092.. it's hoovering between 1.3090 and 1.3117. above 1.3090 is shortterm bullish.
  • #336,590
  • Dec 1, 2010 6:53am Dec 1, 2010 6:53am
Quoting athenaesword
yesterday's bottom was 108.36, and i trade asian so this morning it was stil in the 108.50 region.

why didn't you move s/l to be when you were up a couple of pips?
@pawpaw1000 on Twitter
  • #336,591
  • Dec 1, 2010 6:53am Dec 1, 2010 6:53am
Quoting OldReigatian
It never ceases to amaze me why so many people sit watching charts all day.

It's simple. EU fell by nearly 1300 points in a month and 400 points over two days. The retrace for 100-150 points was a banker.
You are right, it never ceases to amaze me too, how a super intelligent, flawless execution, well capitalize & informed trader like you who apparently caught the 1300 points and just finished taking profits in the last 100-150 points can hang around in a forum with the bunch of idiots here.

Come on man, your comments are misleading and arrogant at least. Some of us here trade for a living and/or business and your comments, on my way or the highway, just show how limited you are as a trader.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #336,592
  • Dec 1, 2010 6:53am Dec 1, 2010 6:53am
Quoting athenaesword
where do you guys see the resistance though? EJ's used some range for today since asian (bout 130 pips) and its just been brushing 109.90 region back and forth for the past 3 hours. i'm risking quite a fair bit here so it's a painful pinch. originally i put a stop 50 pips away, but i stretched that (against my better judgement)
The 78.6 and 50 ema is a possibility.Thats a 4 hr chart. Not giving advice but this is a possibility. You will have to decide if you want to take that possibility.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.gif Size: 14 KB
  • #336,593
  • Dec 1, 2010 6:54am Dec 1, 2010 6:54am
watching resistance 3120..very strong one there. the news might move this up and reverse.. but hey who knows
  • #336,594
  • Dec 1, 2010 6:55am Dec 1, 2010 6:55am
Quoting TudorJonesJR
still bullish here(bullflag). took a long again @ 1.3092.. it's hoovering between 1.3090 and 1.3117. above 1.3090 is shortterm bullish.
Now, please tell me what do you see on H1?

I see a hanging man with a Bearish engulfing just next to it...

What does this mean to 99% of the professional traders out there? SHORT, unless invalidated...

What do you do? LONG???
Attached Image (click to enlarge)
Click to Enlarge Name: tradej.gif.png Size: 60 KB
@pawpaw1000 on Twitter
  • #336,595
  • Dec 1, 2010 6:56am Dec 1, 2010 6:56am
ADP in 15 min
  • #336,596
  • Dec 1, 2010 6:57am Dec 1, 2010 6:57am
Quoting pawpaw1000
Now, please tell me what do you see on H1?

I see a hanging man with a Bearish engulfing just next to it...

What does this mean to 99% of the professional traders out there? SHORT, unless invalidated...

What do you do? LONG???
i see same thing....so i`m short at 1.3105
SL just above supp zone

only problem is news coming soon ...
  • #336,597
  • Dec 1, 2010 6:58am Dec 1, 2010 6:58am
Quoting JuliusCeasar
Wouldn't boj intervention make jpy weak and hence a case for the opposite direction?



.

HEHE... oops... you're right

Sorry, was thinking about soo many things I kinda put that in the wrong way

Thanks for the correction
@pawpaw1000 on Twitter
  • #336,598
  • Dec 1, 2010 6:58am Dec 1, 2010 6:58am
Quoting PipChick
The 78.6 and 50 ema is a possibility.Thats a 4 hr chart. Not giving advice but this is a possibility. You will have to decide if you want to take that possibility.
hi there, thanks for the chart. would you care elaborating a little bit?
  • #336,599
  • Dec 1, 2010 6:58am Dec 1, 2010 6:58am
Quoting PipChick
ADP in 15 min
I know - I'm all a'titter.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #336,600
  • Dec 1, 2010 6:59am Dec 1, 2010 6:59am
Quoting The Fool
I know - I'm all a'titter.
LOL FOOL
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