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EURUSD

  • #337,941
  • Dec 2, 2010 9:26am Dec 2, 2010 9:26am
not sure
Attached Image
  • #337,942
  • Dec 2, 2010 9:26am Dec 2, 2010 9:26am
will short the gold from 1424
  • #337,943
  • Dec 2, 2010 9:26am Dec 2, 2010 9:26am
Quoting grashid
sorry mate....

if u want 1.27-1.26-1.25 or even lower..no way 1.42.
Max could be 1.4080/1.41 cannot be more than that....

Otherwise if it does, atleast 1.45-1.46 .......just a dime

g
Why sorry?

I was talking about a positive reversal. If we are undergoing a bearish correction we should never touch 4080. 33xx should cap the rally.

BUT,
If we are in a positive reversal 4080 wont stop it thou.

42xx will be retested for sure.

Im still inclined to shorts as this look like a correction to me.
  • #337,944
  • Dec 2, 2010 9:28am Dec 2, 2010 9:28am
Quoting mikej2010
I guess to add to my standpoint {very biased right now based on 'hopes & dreams'}, but do you really think European exporters are going to let it get upto 1.42xx?

Asia has the most interest in higher value Euro & U.S. dollar as they are the biggest creditors. But they can only be bulls for so long.
In this moment mate I dont believe we are going to touch 4.2xx soon.

Im inclined to shorts mid term, but as always lets see the PA first
  • #337,945
  • Dec 2, 2010 9:28am Dec 2, 2010 9:28am
Quoting wormboy
yup.
I bought @3220. Stop placed @3200.
Let's see
look like congestion area to me...
Attached Image (click to enlarge)
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Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #337,946
  • Dec 2, 2010 9:30am Dec 2, 2010 9:30am
Quoting harigp
garshid it is for you the gold trend line has broken to upside

I dont like it personely
Yup..i hate this news, actually..

http://www.bloomberg.com/news/2010-1...ties-deal.html

did mentioned at my earlier post in asian....

http://www.forexfactory.com/showpost...stcount=337290

honestly...i have to close 2 yesterday at 1383 (F***) and only left one...hit 1410 babai....i miss my great opp to become...... mmm.... in this gold setting
..but what to do...not everyday is our day

  • #337,947
  • Dec 2, 2010 9:32am Dec 2, 2010 9:32am
Quoting T@rantula
Why sorry?

I was talking about a positive reversal. If we are undergoing a bearish correction we should never touch 4080. 33xx should cap the rally.

BUT,
If we are in a positive reversal 4080 wont stop it thou.

42xx will be retested for sure.

Im still inclined to shorts as this look like a correction to me.
..ok bb later...wont waste the# of my post...54 more to go...

enjoy ur trade mate and take care..........

g
  • #337,948
  • Dec 2, 2010 9:33am Dec 2, 2010 9:33am
Quoting hindustani
Mission Over, lol, new high in place now.
I will not hold any longs above week open 3236, not this week.

too risky for me.
  • #337,949
  • Dec 2, 2010 9:34am Dec 2, 2010 9:34am
Quoting aiyoyo
look like congestion area to me...
paid 1.

Quoting wormboy
nope. bailed @3219.
Done for the day.
Thank You
  • #337,950
  • Dec 2, 2010 9:35am Dec 2, 2010 9:35am
Bulls good expecting move But who going to win in the end
Something 4 Fun
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  • #337,951
  • Dec 2, 2010 9:43am Dec 2, 2010 9:43am
Quoting Alihuzaifa
:nerd:gator where u hiding? I am yet waiting for my voucher
i gave it.. its not there?
those who can, do. those who cant, talk about those who can
  • #337,952
  • Dec 2, 2010 9:43am Dec 2, 2010 9:43am
how did you guys know that the ecb started to buy bonds, while trichet was talking?

was it just what was posted on forex live?
  • #337,953
  • Dec 2, 2010 9:44am Dec 2, 2010 9:44am
Quoting wormboy
if price passes the retest of the recently broken 3216 supp/res, the next i/d supp/res is @1.33, which coincidentally is the underside of the recently broken bullish ltl (7th June low @1.1875 - 10th Sept swing @1.2624)

Time to be flat. Good luck
Probably the most important post of the day. Gee....I wonder where the bears are......
  • #337,954
  • Dec 2, 2010 9:45am Dec 2, 2010 9:45am
Quoting Mr Hatch
bbl, need to put my head into someone's lap for a while.
what his name?
those who can, do. those who cant, talk about those who can
  • #337,955
  • Dec 2, 2010 9:48am Dec 2, 2010 9:48am
Quoting wormboy
paid 1.
Hi Wormie,

How come you exited out?
A pip is only worth it if you know how much you risked to earn it
  • #337,956
  • Dec 2, 2010 9:50am Dec 2, 2010 9:50am
Quoting red2010
how did you guys know that the ecb started to buy bonds, while trichet was talking?

was it just what was posted on forex live?
for me, yeap, i read it on forexlive
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #337,957
  • Dec 2, 2010 9:50am Dec 2, 2010 9:50am
Quoting vlady1974
Hi Wormie,

How come you exited out?
Look left on your M15, what do you see at 32162? Combine that with the M5 at 1630GMT followed by the rejection at 1650 and that should give you the answer.
  • #337,958
  • Dec 2, 2010 9:50am Dec 2, 2010 9:50am
Quoting gatorinla
what his name?
Mr SNATCH
  • #337,959
  • Dec 2, 2010 9:52am Dec 2, 2010 9:52am
got fib confluince @ 1.3305
we'll see if it holds.
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  • #337,960
  • Dec 2, 2010 9:53am Dec 2, 2010 9:53am
Quoting grashid
my appologize...
but to me ...today was the easiest trade...
why? from yesterday daily confirmation and just nice from my S/R line....

sorry if i offenced u..but this is just my view...

g
You don't have to apologize as you are not offending me at all.

Your same chart answer my previous comment: It was a very difficult day to manage a trade intraday. Your chart is a daily chart which make it look a lot easier than it was intraday.

1. don't forget that I was long from London opening range @ 1.3126
2. There was a confirmed intraday R break @ 1.313x
3. There was a confirmed intraday S @1.311x
4. Yes I was expecting the obvious intraday rejection of 1.318x (daily highs and large H4 bar yesterday at London close)
5. The rejection with help of the ECB conference volatility, not only broke the last intraday R (which was acceptable) but also the intraday S (break to LL) and more importantly it broke Tokyo, Europe, London and US opening ranges.
6. Price reached 1.321x before the reports and obviously I took partial profits before and more importantly adjust the stop to the best possible level before the news (in my charts) which was at BE with plenty of room below Tokyo, Europe, London and US opening and with the strong intraday S

Given all this background do you know how many times a year you have an H4 outside bar that fulfill just condition 5?. Well I keep my trading records and it has happened only 2 times in the last year ...

Yes the daily looks nicely (to the pip to that low), and I saw it (it wasn't a trade from the daily IMO) but even though that low of the 29th hold, in my books from a TA perspective the proper stop should have been placed a lot lower than that 1.3059 (in the daily S 1.302x). In simple words, and with the above as background, setting a +120 pips stop loss for an intraday to make it simple is definitively not my thing.

In any case, thanks for the chart.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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