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  • #349,321
  • Dec 20, 2010 4:38pm Dec 20, 2010 4:38pm
Quoting gatorinla
looks like that lower tl may get molested.
yep, but til now it holds :-)

if it goes above 1.32 we should reach fastely the upper tl @1.324-50 and maybe 1.33 too

but til now the trend is bearish and the 1.32 seems to be a strong resistance
Pecunia non olet
  • #349,322
  • Edited 4:46pm Dec 20, 2010 4:42pm | Edited 4:46pm
Quoting Andrej
Anyone else see this?

http://img718.imageshack.us/img718/7...01220at233.jpg
that's actually well spoted and a valid pattern with a technical target @ 1.2780.
Nice bear hint, let's see if it plays out accordingly.
  • #349,323
  • Dec 20, 2010 4:49pm Dec 20, 2010 4:49pm
i have been trading 20 hrs straight and i have finally managed to clear my trade down to -700 still running .. t/l to break even 1.32.... thanks to mr fxgreen here.. man .. what a costly mistake and i swear never ever to listen to tips again.. thanks for the lesson though it is both costly and tiring... someone talk to me please .. to keep me awake hahaha it's 7am here in singapore.
There is no royal road to anything.
  • #349,324
  • Dec 20, 2010 4:52pm Dec 20, 2010 4:52pm
lol.. i have to see asia's market opening because a). honestly.. asian market jacks the price of euro up .. see the last few days minutes/hourly charts... around 8amish +GMT 8hrs.... also, the fact that news are getting released today with regards to asia's market.. and on top of that.. i realize.. frankfurt opening moves euro down abit.. london buys it all the way up .. and usa at 11pm singapore timign sells it down hard lol .. :S don't know why.. but that's the trend that i have been seeing crossing over so many markets
There is no royal road to anything.
  • #349,325
  • Dec 20, 2010 5:01pm Dec 20, 2010 5:01pm
anyone sharing same view?
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  • #349,326
  • Edited 5:17pm Dec 20, 2010 5:02pm | Edited 5:17pm
Quoting Leinadgnow
i have been trading 20 hrs straight and i have finally managed to clear my trade down to -700 still running .. t/l to break even 1.32.... thanks to mr fxgreen here.. man .. what a costly mistake and i swear never ever to listen to tips again.. thanks for the lesson though it is both costly and tiring... someone talk to me please .. to keep me awake hahaha it's 7am here in singapore.

Why are you killing yourself trading this holiday week? Their is no liquidity and the big boys are on holiday. It would be easier to wait till the first week of January to trade. It's just my opinion but good luck with trades.

Peace to all.
  • #349,327
  • Dec 20, 2010 5:09pm Dec 20, 2010 5:09pm
lol just kidding... i'm not trying to chase a trade.. what happened was a series of unfortunate event.. i bought long .. than i fell asleep.. than my stop loss wasn't triggered.. and since than it's been down all the way ... no merry christmas for me if i can't at least clear my trade lol i know.. i was stupid and for that i have to pay back and wait it out
There is no royal road to anything.
  • #349,328
  • Dec 20, 2010 5:15pm Dec 20, 2010 5:15pm
thansk hatch and fudomyo

appreciate the help

hatch i understand why the first box is drawn, makes pefrect sense, but why draw another box (the exact same size) if price hasnt really respected it before?!

also fudomyo mentioned the 200sma....is there any other ma's i should hae on my e/u charts?.....that one was used on the daily tf....

i understand the 30 min channel, although i draw my trendlines alot on m15, i dont go for a channel as such, but again it makes sense.......perhaps i should be drawing them on all tf's?

my murray math (2/8) is lining up at 1.3062 though, so i guess this is out (alot) compared to everyone elses?....is this just broker dependent? mine says extremely overbought 1.3062 (2/8)......overshoot 1.3123 (1/8) and ultimate support oversold 1.3184 (0/8)

are these figures totally out?

thanks for the help guys...
  • #349,329
  • Dec 20, 2010 5:24pm Dec 20, 2010 5:24pm
Quoting Leinadgnow
lol just kidding... i'm not trying to chase a trade.. what happened was a series of unfortunate event.. i bought long .. than i fell asleep.. than my stop loss wasn't triggered.. and since than it's been down all the way ... no merry christmas for me if i can't at least clear my trade lol i know.. i was stupid and for that i have to pay back and wait it out
I've been there and done that making my share of stupid trades. Once I fell asleep with no stop and boy did that hurt. Anyway, this is just a bad week all around to be trading. Just my 2 cent and trying to help.

Happy Holidays to All and Good Trades for the New Year!
  • #349,330
  • Edited 6:12pm Dec 20, 2010 5:29pm | Edited 6:12pm
Hi Leningrad .... Taking losses are part of Forex... don't be too affected by a losing trade. You can always earn it back, with time, and the many opportunities in future.

Anyway, the 1.313x resistance seems strong. It is exactly the same from the 17 Dec downward movement. Moreover, price consolidated "around" there from 29 Nov - 30 Nov and again on 1 Dec.

The 1h and 4h 5,10 SMA shows a downward trend, there is a downward channel formed on the 4h chart as well as other timeframes (see 30min chart).
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  • #349,331
  • Edited 5:43pm Dec 20, 2010 5:31pm | Edited 5:43pm
Quoting Leinadgnow
lol just kidding... i'm not trying to chase a trade.. what happened was a series of unfortunate event.. i bought long .. than i fell asleep.. than my stop loss wasn't triggered.. and since than it's been down all the way ... no merry christmas for me if i can't at least clear my trade lol i know.. i was stupid and for that i have to pay back and wait it out
One good thing is the Holiday may keep it from sliding deeper, I guess I would be watching for a push up during Asia, and if it is possible make some trades along the way to help the losing trades, if you can get some winners along the way, you may be able to close the losers with loss and still be okay.

I have gotten out of some deep holes in my years of trading, and it takes time and a lot of equity, a few years ago I left that type of stress and have went into a small scalpers pick off.

Note:
1.3130 has been resistance for this consolidation period, when it breaks I am looking for 1.3152 above.
First we have to break this line.
  • #349,332
  • Dec 20, 2010 5:47pm Dec 20, 2010 5:47pm
Quoting gatorinla
it all takes time. where there is smoke. we got bar-be-que
Okay, you've got me confused now. Are you talking the "C" word, E/U or Druckenmillr? I'm thinking the E/U - lol.

As for that word, I don't want the guys to think that because it came from a woman's mouth (supposedly), that it's now acceptable to throw it around like a piece of plywood on a building site. There's plenty of other words that E/U can be called that are more acceptable.

Okay, prudish Patience signing off
Nothing worth having is easy.
  • #349,333
  • Dec 20, 2010 5:58pm Dec 20, 2010 5:58pm
Which way will price break out?
Continuation is more likely I think.
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  • #349,334
  • Dec 20, 2010 6:06pm Dec 20, 2010 6:06pm
Quoting Leinadgnow
lol just kidding... i'm not trying to chase a trade.. what happened was a series of unfortunate event.. i bought long .. than i fell asleep.. than my stop loss wasn't triggered.. and since than it's been down all the way ... no merry christmas for me if i can't at least clear my trade lol i know.. i was stupid and for that i have to pay back and wait it out
You need to close out all of your positions and take some time off. You are not in the proper mental state of mind to trade.
  • #349,335
  • Dec 20, 2010 6:07pm Dec 20, 2010 6:07pm
Quoting Linus78
Which way will price break out?
Continuation is more likely I think.
So are you short?
  • #349,336
  • Dec 20, 2010 6:17pm Dec 20, 2010 6:17pm
10 Hrs ago, price entered into a 30 pip channel that has for the bulk of them hours traded inside of 17 pips....giver take....

If you were the master of market nuttery, you still wouldn't be trading this shit and in all certainty, nobody knows what the next 10 hrs will hold.

I took most of my market leave on Friday but traded for a few sheckles last night. Glad I am out of the game(until next year).

Personally, I would rather be the sommelier of a fart sniffing contest then try and capture profit on this shit...but good luck guys....


Diehards!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #349,337
  • Dec 20, 2010 6:20pm Dec 20, 2010 6:20pm
Quoting Magix
10 Hrs ago, price entered into a 30 pip channel that has for the bulk of them hours traded inside of 17 pips....giver take....

If you were the master of market nuttery, you still wouldn't be trading this shit and in all certainty, nobody knows what the next 10 hrs will hold.

I took most of my market leave on Friday but traded for a few sheckles last night....

a fart sniffing contest..... uh, ummm, no thanks... LOL
  • #349,338
  • Dec 20, 2010 6:20pm Dec 20, 2010 6:20pm
The more it goes down the more i see people looking for longs...hopeless really.
i hope you guys followed fxgreen long call lol.

Quoting fx|green
This is what we need to challenge 1.34

If you guys do not see a base here, then you need to stop trading.
he made my day
COT: The precious data ignored
  • #349,339
  • Dec 20, 2010 6:27pm Dec 20, 2010 6:27pm
Quoting wm-eu
yep, but til now it holds :-)

if it goes above 1.32 we should reach fastely the upper tl @1.324-50 and maybe 1.33 too

but til now the trend is bearish and the 1.32 seems to be a strong resistance
the trend has been bearish.. 3189 is the same fib since 1.6..
those who can, do. those who cant, talk about those who can
  • #349,340
  • Dec 20, 2010 6:33pm Dec 20, 2010 6:33pm
Quoting kuroro001
The more it goes down the more i see people looking for longs...hopeless really.
i hope you guys followed fxgreen long call lol.



he made my day

I don't disagree with the long bias; but trading heavy, by buying $20M at one handle, is just a stupid idea.

1.3380 is at play.. but might have a hard time staying above 1.34
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