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EURUSD

  • #340,041
  • Dec 6, 2010 7:38am Dec 6, 2010 7:38am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Please break!

  • #340,042
  • Dec 6, 2010 7:38am Dec 6, 2010 7:38am
Hi to all,

attached is my new trade.

The channel arround the bearish flag has been broken to the downside arround the 1.330 area. This plus the positive sentiments given to the statemens of Bernanke has increased the probability that the last Elliot-waive on D1 will continue.

I intended to open the new short arround 1.3299 but ended up opening it too early. In Anycase, there is till enough air for it to turn into profit.

Feeback would be great.

The remaining short of my last trade got stopped out at breakeven. A pity because the price moved to the 1.3250ish area right after. But its ok, the last trade, all in all, was a success.
Attached Image (click to enlarge)
Click to Enlarge Name: Analyse EU 06.12 (2).jpg Size: 202 KB
  • #340,043
  • Dec 6, 2010 7:39am Dec 6, 2010 7:39am
Quoting T@rantula
No problem...
dont predict. Lets react
Hey Tarantula,
Thanks for your help earlier on, really helped me set up my stop loss and see clearer when I came back to the charts after a long break. I am on a nice ride now since 1.328 (10pips below my 0.382 fibo retracement).
Thanks again m8
  • #340,044
  • Dec 6, 2010 7:39am Dec 6, 2010 7:39am
3250 is 100% retracement, lets see if tankage.
Know when to hold em, Know when to fold em!
  • #340,045
  • Dec 6, 2010 7:39am Dec 6, 2010 7:39am
Quoting BrunargarFx
Hey Tarantula,
Thanks for your help earlier on, really helped me set up my stop loss and see clearer when I came back to the charts after a long break. I am on a nice ride now since 1.328 (10pips below my 0.382 fibo retracement).
Thanks again m8
good entry
  • #340,046
  • Dec 6, 2010 7:41am Dec 6, 2010 7:41am
Quoting kuroro001
I do not see it below the second resistance though.

Attachment
Took profit at this first support.
COT: The precious data ignored
  • #340,047
  • Dec 6, 2010 7:41am Dec 6, 2010 7:41am
under 3250 yah!? love it when a plans comes together

btw guys something totally of this topic, but since many people are looking at it.. i'm still looking for a decent volume meter.. can someone recommend?
Old Habits Die Hard.
  • #340,048
  • Dec 6, 2010 7:41am Dec 6, 2010 7:41am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
15M candle close below 1.3245 and I'm sexting all my old girlfriends.
  • #340,049
  • Dec 6, 2010 7:43am Dec 6, 2010 7:43am
Quoting PayTheLimit
Not a bad idea. Important support down in here thats for sure.
those candles look bearish too. we'll see. I don't trust it right now. I really blew it last week so my advice probably might not be the best lol but that's how I see it. I'll stick to my guns anyway. When you see me on fx factory it means I made a bad trade lol. otherwise I would not be here. NO offense love the site. right now I'm on the sideline so no loss here just confusion.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #340,050
  • Dec 6, 2010 7:45am Dec 6, 2010 7:45am
short 3251, sl 3301, tp 3196....
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 15 KB
Look Sharp/Trade Tight
  • #340,051
  • Dec 6, 2010 7:46am Dec 6, 2010 7:46am
Quoting PayTheLimit
Not a bad idea. Important support down in here thats for sure.
Good chart man. Although it seems like a nice bear setup, the good RRR short trade for today was from 3410 supplly area. I think taking a short trade here is risky in intraday terms. EU already dropped 175 pips from today's high.
EURGBP, EURUSD and EURJPY in support areas. Of course I could be wrong.
My two cents.
  • #340,052
  • Dec 6, 2010 7:46am Dec 6, 2010 7:46am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Mid-40s just won't break.

Like the girl that won't give you head on your first date. We need more alcohol folks.
  • #340,053
  • Dec 6, 2010 7:48am Dec 6, 2010 7:48am
High of 1.4285 we drop 836 pips then 38% retrace to
1.3784 we drop 811 pips then 55% retrace to
top of current retrace
1.3423 continuation target
1.2623.
Which ties in nicely with aug low within few pips.
Fundies still uncertain over portugal and spain.

Does anyone have similar view ?
making green pips large and red pips small this is my goal.
  • #340,054
  • Dec 6, 2010 7:48am Dec 6, 2010 7:48am
Quoting maurofx
Good chart man. Although it seems like a nice bear setup, the good RRR short trade for today was from 3410 supplly area. I think taking a short trade here is risky in intraday terms. EU already dropped 175 pips from today's high.
EURGBP, EURUSD and EURJPY in support areas. Of course I could be wrong.
My two cents.
valid points all of them, I'll have it on a short leash thats for sure...good luck
Look Sharp/Trade Tight
  • #340,055
  • Dec 6, 2010 7:48am Dec 6, 2010 7:48am
Quoting apt
Mid-40s just won't break.

Like the girl that won't give you head on your first date. We need more alcohol folks.
just wonder with all ff'er reading this thread shorting at same time eurusd would it send it down LOL
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #340,056
  • Dec 6, 2010 7:50am Dec 6, 2010 7:50am
uh oh looks like it has some trouble breaking the 3260 support
  • #340,057
  • Dec 6, 2010 7:51am Dec 6, 2010 7:51am
Quoting hindustani
Expectations this week:

A possible drop to 3250 to begin the week

http://img820.imageshack.us/img820/2959/get.gif

Or even 3141

And if it gets some support here then a move to attack 3780 in t he later part of the week, entirely depending on whether last week high holds or not .

http://img253.imageshack.us/img253/8472/getw.gif

Roughly 800 pips move in straight lines, zigzag will be more.

good

good start of the week,

i am loving it

http://img403.imageshack.us/img403/1424/getv.gif
  • #340,058
  • Dec 6, 2010 7:51am Dec 6, 2010 7:51am
I have a question for the veterans here. Earlier today my broker's data feed (their own feed from the interbank market and not their feed to me) went down for about 3 mins. Before that 3 mins, my trailing stop was showing $109 profit and suddenly when the feed came back online, my trail got filled at a loss to me of $66. So I am out of pocket $175 (109 + 66).

In these cases, where the brokers own feed has failed, should I be reimbursed for my losses? I spoken to customer support after the event and while they admitted their own feed was at fault, they were non-committal about compensation and asked me to submit something in writing.


Has anyone had this situation before? Was it resolved in your favor?
We're all stories in the end. Just try to make it a good one.
  • #340,059
  • Dec 6, 2010 7:51am Dec 6, 2010 7:51am
Quoting Shaggy_rock
under 3250 yah!? love it when a plans comes together

btw guys something totally of this topic, but since many people are looking at it.. i'm still looking for a decent volume meter.. can someone recommend?
Malcomb is by far the volume expert but it's a little confusing - a concept called vsa. This indicator is not one he uses and it is not actual volume but I have found it helpful on larger time frames. If you check his thread there are probably volume indicators.
Attached File(s)
File Type: mq4 Waddah_Attar_Explosion.mq4   8 KB | 297 downloads
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #340,060
  • Dec 6, 2010 7:52am Dec 6, 2010 7:52am
Quoting PayTheLimit
valid points all of them, I'll have it on a short leash thats for sure...good luck
Good luck to you mate, I'm on the sideline. I guess we need some fundamental back up for a fresh intraday low. It could be a good entry for daily short trade, don't think bulls make it go beyond 3320.

BTW, I still have a GAP not fille on UY...does anyone else have it??
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