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  • #345,301
  • Dec 14, 2010 2:52am Dec 14, 2010 2:52am
USDLFX bouncing from support and EURLFX creating a doji right OVER resistence... EURUSD not moving, so we will probably see some more upside later in the day but bulls might need some better price to come in again. Thinking to short eventually at close of this hourly candle targeting 3410 but with very thigh SL 5 pips over the high of this candle.
I don't want a job, i want money!
  • #345,302
  • Dec 14, 2010 2:52am Dec 14, 2010 2:52am
Quoting gatorinla
im long on Viagra just for fun.
Hmmm i dont see a logical entry for the short side unless 46 breaks down- for intraday...

On larger tf i see a supply area which desires a large sl. which i dont practice unless its on demo..

And its really hard to think after a market up move for 200 points that its going to fall with x- points with no breaks of support...
Attached Image (click to enlarge)
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  • #345,303
  • Dec 14, 2010 2:52am Dec 14, 2010 2:52am
Quoting apt
http://i52.tinypic.com/w2lsfo.png

For some reason I completely didn't realize there was a fib line at 1.3377.

Absolutely foolish of me thinking it would retrace to below 1.3380.

Mistake noted.
hi,

I spot that you are using Mac for charts, what kind of broker/platform do you use?

thanks in advance
  • #345,304
  • Dec 14, 2010 2:52am Dec 14, 2010 2:52am
Sorry, my mistake at 10:30 GMT +1 time Spain will be selling bonds.
  • #345,305
  • Dec 14, 2010 2:52am Dec 14, 2010 2:52am
Quoting Andrej
How can anyone short this already is beyond me. Its like hope trading, just hoping the trend may turn, with nothing that backs it up.

Why are you hoping that the trend may turn in dont do that you will

loose your money and you gain temper

be cool and think of all why its happening : when eurusd went down it was almost 200 pips a day and there was no trend change that time also : so read the charts and move on
some reasons maybe
1 : euro has been gaining strength because of dollar weakness remember 54% of usdx
2 : one more is because of technicals the volume on euro long is more now as you can see the strength in the below chart
3 : and above all this euro is still in a uptrend on a longer term with good support from all global indices i hope : replies welcome
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd dec.gif Size: 38 KB
finding A M S
  • #345,306
  • Dec 14, 2010 2:55am Dec 14, 2010 2:55am
Quoting apt
http://i52.tinypic.com/w2lsfo.png

For some reason I completely didn't realize there was a fib line at 1.3377.

Absolutely foolish of me thinking it would retrace to below 1.3380.

Mistake noted.
that's the one of the smartest things i have seen done here in a while.
those who can, do. those who cant, talk about those who can
  • #345,307
  • Dec 14, 2010 2:56am Dec 14, 2010 2:56am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting dejv
hi,

I spot that you are using Mac for charts, what kind of broker/platform do you use?

thanks in advance
I use GFT, and their Dealbook web platform.

It's pretty good, it has a good number of indicators, but it is not as good as their windows Dealbook 360 platform.

However, I only use S/R, Fib and Price Action, I rarely use indicators to spot my trade, so this software suits me just fine.
  • #345,308
  • Dec 14, 2010 2:58am Dec 14, 2010 2:58am
Quoting dario1002
USDLFX bouncing from support and EURLFX creating a doji right OVER resistence... EURUSD not moving, so we will probably see some more upside later in the day but bulls might need some better price to come in again. Thinking to short eventually at close of this hourly candle targeting 3410 but with very thigh SL 5 pips over the high of this candle.

Unless this B@@@tch will go too much down right now giving me a shitty RR
I don't want a job, i want money!
  • #345,309
  • Dec 14, 2010 2:59am Dec 14, 2010 2:59am
I was pretty late with analysis as I was focused on USDCHF and I didnt expoit this breakout.

Well If we look at the chart below we can see some nice confluence around 3400 assisted by a SMA dynamic support.


Lets wait for a pullback or a retest of previous swing high.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 25 KB
  • #345,310
  • Dec 14, 2010 2:59am Dec 14, 2010 2:59am
Quoting kuroro001
I want to add new longs inside 1,3415-30 area...It just push through this...retest and new push up again ? we'll see
Long order canceled.
Now take care of the next hour...no new high and the probability to go lower will be bigger than going up.
COT: The precious data ignored
  • #345,311
  • Dec 14, 2010 3:00am Dec 14, 2010 3:00am

Quoting gatorinla
im long on Viagra just for fun.
  • #345,312
  • Dec 14, 2010 3:01am Dec 14, 2010 3:01am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Had to deposit a few hundred dollars to keep me from being liquidated at 9 GMT.

Not something I wanted to do considering my current goals, but I believe this trade will drop back to at least within 25 pips of 1.3400.

I learned from my mistake, and that's the important thing, consciously not trying to run away from my errors, but if I can save myself from losing a few hundred dollars in the meantime, I don't see the harm.
  • #345,313
  • Dec 14, 2010 3:03am Dec 14, 2010 3:03am
Quoting Vladimir1987
Hmmm i dont see a logical entry for the short side unless 46 breaks down- for intraday...

On larger tf i see a supply area which desires a large sl. which i dont practice unless its on demo..

And its really hard to think after a market up move for 200 points that its going to fall with x- points with no breaks of support...
Attachment
if Italy kicks out the politicians it could get wild.
those who can, do. those who cant, talk about those who can
  • #345,314
  • Dec 14, 2010 3:04am Dec 14, 2010 3:04am
Above current resistance area it may go to 1.362 and 1.378

but todays high might be it


Attached Image (click to enlarge)
Click to Enlarge Name: DAILY.GIF Size: 31 KB
Mind over matter..I don't mind and you don't matter.
  • #345,315
  • Dec 14, 2010 3:06am Dec 14, 2010 3:06am
Quoting crak0
Got 1.347ish zones as the:

- 38.2 for the 1.428-1.297
- 61.8 for the 1.378-1.297 and;
- Resistance level for the Nov 16/17 bottoms

Attachment
entry 1,3470 based on above

sl 3495
tp open
  • #345,316
  • Dec 14, 2010 3:06am Dec 14, 2010 3:06am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting JuliusCeasar
Above current resistance area it may go to 1.362 and 1.378

but todays high might be it


Attachment
I expect good German numbers to be out later today, would not be surprised if this catapulted us above that strong resistance.

Would like to hit my B/E at 1.3403 however.
  • #345,317
  • Dec 14, 2010 3:10am Dec 14, 2010 3:10am
Quoting gatorinla
27 is a alg trigger. r just below.
now 3406 and 56
those who can, do. those who cant, talk about those who can
  • #345,318
  • Dec 14, 2010 3:12am Dec 14, 2010 3:12am
Quoting apt
I expect good German numbers to be out later today, would not be surprised if this catapulted us above that strong resistance.

Would like to hit my B/E at 1.3403 however.
todays high could be 1.34930
  • #345,319
  • Dec 14, 2010 3:14am Dec 14, 2010 3:14am
Quoting Ulterior
todays high could be 1.34930
It's maybe already in place if London decide to hold the open. Just my 2 cents.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #345,320
  • Dec 14, 2010 3:14am Dec 14, 2010 3:14am
Quoting darimik
short eu 3455. targeting some point below.. stop somewhere above 3488 (murrey +2/8
stops at BE now. 3427 is the first one. 3305 would be cool. half taken though as its likely to git 27 to go further up
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