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EURUSD

  • #337,421
  • Dec 2, 2010 4:35am Dec 2, 2010 4:35am
Pay the Limit good call

clear in entry SL and TP
  • #337,422
  • Dec 2, 2010 4:38am Dec 2, 2010 4:38am
Quoting Mr Hatch
that is exactly what i am expecting to happen

and if this is working out like i think it will, we can safely enjoy the downtrend.
the market is almost demanding to Trichet to take action... a disappointment could take this down to 1.29 very quick...
  • #337,423
  • Dec 2, 2010 4:38am Dec 2, 2010 4:38am
Quoting kuroro001
Dips have been accumulated the past 3 days now.
And i guess they continue the process.

Either taking profits is on the table...but taking profit for 100 pips is kinda stupid for the big sharks, or continuation of the upmove.

They should continue the buying they've done the past few days in my opinion.
We'll see more during London..pointless trading now...save your money for the real trading

Attachment
2nd resistance done.
Next 1,3300 unless i spot a reversal.
COT: The precious data ignored
  • #337,424
  • Dec 2, 2010 4:39am Dec 2, 2010 4:39am
Quoting harigp
Pay the Limit good call

clear in entry SL and TP
thank you and good luck...
Look Sharp/Trade Tight
  • #337,425
  • Dec 2, 2010 4:42am Dec 2, 2010 4:42am
Quoting kuroro001
2nd resistance done.
Next 1,3300 unless i spot a reversal.
Would be a nice prize 3300. K, 3210 is big, then I have 3260, good luck brother...
Look Sharp/Trade Tight
  • #337,426
  • Dec 2, 2010 4:42am Dec 2, 2010 4:42am
Quoting PayTheLimit
Here is another example. Market breaks out of the range hard, then enters a new one. Once we close above the close of the breakdown the buyers come in. Its not 100% fullproof and I dont base my trades off of it exclusively, but it is something I keep an eye out for.
If I may add. What you are saying is even clearer on H4. Yesterday we were talking about that in the thread. That large spike during London close (the wick hidden in your background) cleaned the stops in that area & opened the doors for a further push up, the one we saw this morning. That move down in my books was a textbook example of a fear move and stops there were from the very risky traders.

However, IMO a rejection back to that area in a more "normal" price action will trigger even a stronger move down (riskier and everybody else...lol will jump on that train) so I keep my eyes wide open for a reaction to the downside in the same area if ECB doesn't satisfy and calm investors.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #337,427
  • Dec 2, 2010 4:43am Dec 2, 2010 4:43am
http://www.reuters.com/article/idUSTRE69D46V20101202
  • #337,428
  • Dec 2, 2010 4:46am Dec 2, 2010 4:46am
Quoting PayTheLimit
Would be a nice prize 3300. K, 3210 is big, then I have 3260, good luck brother...
Yes true.
I have 1,3250 as a resistance as well 1,3300 should be what everyone wants!
And when i look at the other pairs they have a lot of room up.

Anyway i have taken some profit right there at 1,3207 and i will let the rest fly or die

Good luck for your next trade mate
COT: The precious data ignored
  • #337,429
  • Dec 2, 2010 4:47am Dec 2, 2010 4:47am
Quoting knuckledrag
38% retrace, possible. If it gets there today it may not be a "retrace". That would look like a hell of a conformation candle. Friday ""maybe""

Attachment
i'd rather decide when this candle is finished. i think we'll see decent to high volatility later and depending on the close of the candle the picture should be clearer. the distance from low to high is not the think i'd be looking today.
but if it closed anywhere near the high, you're right, then it looks pretty decisive.
  • #337,430
  • Dec 2, 2010 4:47am Dec 2, 2010 4:47am
Quoting Abu-Rami
It seem that we are going there...
till now 1st & buy position Counting in ++++

lets see what will happen...
Very good understand turning points
  • #337,431
  • Dec 2, 2010 4:49am Dec 2, 2010 4:49am
Quoting PayTheLimit
Here is another example. Market breaks out of the range hard, then enters a new one. Once we close above the close of the breakdown the buyers come in. Its not 100% fullproof and I dont base my trades off of it exclusively, but it is something I keep an eye out for.
Going to look out for these. Many thanks PTL.
A pip is only worth it if you know how much you risked to earn it
  • #337,432
  • Dec 2, 2010 4:50am Dec 2, 2010 4:50am
Quoting kuroro001

Anyway i have taken some profit right there at 1,3207 and i will let the rest fly or die

Good luck for your next trade mate

Smart to take some profits against 3210 in my view...fly or die, I like that phrase
Look Sharp/Trade Tight
  • #337,433
  • Dec 2, 2010 4:51am Dec 2, 2010 4:51am
Quoting vlady1974
okay, gonna try something.

since 13200 was just breached and I have a fib50 target of 13226 which is about +20pips-ish. May look to scalp a long into the resistance. One position only.

LONG @ 1.3206 target 1.3226
Well that little experiment didn't work! LOL out -10.

going to wait for a proper signal this time... :-P
A pip is only worth it if you know how much you risked to earn it
  • #337,434
  • Dec 2, 2010 4:52am Dec 2, 2010 4:52am
Quoting vlady1974
Well that little experiment didn't work! LOL out -10.

going to wait for a proper signal this time... :-P
good. it would be worse, if this worked out.

hi pipchick, my dear
  • #337,435
  • Dec 2, 2010 4:54am Dec 2, 2010 4:54am
Quoting Mr Hatch
i'd rather decide when this candle is finished. i think we'll see decent to high volatility later and depending on the close of the candle the picture should be clearer. the distance from low to high is not the think i'd be looking today.
but if it closed anywhere near the high, you're right, then it looks pretty decisive.

True the picture I drew was a close high. A close low and its down with a vengeance. Like always wait and see......
  • #337,436
  • Dec 2, 2010 4:55am Dec 2, 2010 4:55am
watch out all... your to much focusing on the possible positive news from trichet... but remember, this man has never ever step up....still i do prefer longs.. but keep this in mind..
  • #337,437
  • Edited 5:08am Dec 2, 2010 4:56am | Edited 5:08am
Price has reached the FE 78.6 to the pip. We may get a retracement to the FE 50 or 30 minute the 200 ema (yellow) before going back up to "D". Usually price will go after the h4 50 ema (which is "D" on the 30 min chart). At that point longs MAY reverse as there is bearish HD forming on the H4.But..being that the Inverse HS target is 3360, which is very close to the H4 50% its not impossible for the inverse target to be met.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 2.gif Size: 24 KB
Click to Enlarge Name: EU H4.gif Size: 15 KB
  • #337,438
  • Dec 2, 2010 4:56am Dec 2, 2010 4:56am
Quoting knuckledrag
True the picture I drew was a close high. A close low and its down with a vengeance. Like always wait and see......
if i'd have to guess, i'd bet on on a kind of doji-like candle.
  • #337,439
  • Dec 2, 2010 4:57am Dec 2, 2010 4:57am
is there something like "gaps are always filled"

can we

"spikes are always filled "
  • #337,440
  • Dec 2, 2010 5:01am Dec 2, 2010 5:01am
Quoting seawinde
is there something like "gaps are always filled"

can we

"spikes are always filled "
well thats how children come
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