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  • #352,281
  • Dec 27, 2010 4:18am Dec 27, 2010 4:18am
Quoting Leinadgnow
im still down from my short at 1.31168 what a joke lol .. trying to ride this one out.. but if it doesn't reverse im closing it at a 300 dollars lost.. not gonna hold it without knowing any clear signals... luckily it's only a 0.5 contract.. otherwise im busted..
If I were you, I would hold out until 1.3180-1.310x, these are the highs from Dec17 until now, and these were the highs after a big drop.

Or if you have a large account, just wait until that area and go short again to bring tp to around 1.316x, I can't see this pair going beyond 1.3300 anytime soon.
  • #352,282
  • Dec 27, 2010 4:21am Dec 27, 2010 4:21am
Noticed a good strech in the moving average in M5 in asia session

crossed 1.3152 dropped a bit but moved up


Just talk about the trade and the sr level and the tech involved
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  • #352,283
  • Dec 27, 2010 4:22am Dec 27, 2010 4:22am
Quoting Ulterior
try to wait for a purple line break prior to closing out, this can move back
How you come out with the purple line ???
  • #352,284
  • Dec 27, 2010 4:22am Dec 27, 2010 4:22am
Quoting Leinadgnow
thanks for the chart mate.. i'm holding out.. its all good.. im just curious.. other than london being on hols there is absolutely fundamental reason for the run up of the euro.. dix is oversold... and the china i/r shld jack up the dollar as well as so many rating cuts of the euro and issues.. why the sudden spike? hmm .. there's something im missing.. just can't figure it out..
OVERSOLD ?? what TF mate?: 1min, 5min, hour, 4h, daily or monthly..
My point is: do not trade only on OB/OS levels.. one instrument can stay in OB or OS for days and weeks..

Cheers

here, a good one form the other thread. [GU]
http://www.forexfactory.com/showpost...stcount=267398
  • #352,285
  • Dec 27, 2010 4:23am Dec 27, 2010 4:23am
Short @1.3165.
No SL or TP set yet
  • #352,286
  • Dec 27, 2010 4:24am Dec 27, 2010 4:24am
Quoting PayTheLimit
Do they fall under OptionsExpress? ...
no, I have a OX account too.

OEC is good. Global - I had an account there before (blown, damn) and had no complaints. Really, any of the discount FCM's that have been around for a while will do fine. Depends on what platforms they offer, etc. Global has about 6 I think. One thing I will do differently this time around is lease a seat.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #352,287
  • Dec 27, 2010 4:24am Dec 27, 2010 4:24am
Quoting DudeSepii
How you come out with the purple line ???
I just gave it a bit of room if it would keep going up to the nearest TL
  • #352,288
  • Dec 27, 2010 4:25am Dec 27, 2010 4:25am
Quoting Ulterior
try to wait for a purple line break prior to closing out, this can move back
hold as suggested; negative divergence on both 30MIN and 1HR and just went short as well!
good luck
  • #352,289
  • Dec 27, 2010 4:28am Dec 27, 2010 4:28am
Quoting mikej2010
No, you are not getting it, you are just saying random irrelevant stuff.

The most I got from you was this ...

'if dow goes up or down, eur/usd will go up or down ... maybe'

point being, you are not giving any examples or any of your trades.


let me ask you point blank,

What Euro trade are you in, what is your tp & sl? and how long have you been in that trade?

please answer that and tie in your 'wisdom' with your actions!
Right now I am all in cash since I see no trade to do at the moment.

I trade in the direction of the trend that I call. As of now I see EUR/USD down for the rest of the week. However NEW fundamentals might occur to change my view.

As of now keeping in mind it is risky to trade in this holiday time period I see EUR/USD going down. I only go short then.

I would short EUR/USD if it tested the high of 1.31708

I would only short one position of 100K

If it broke 1.3200 I would be out at 1.3205

However I have the DISCIPLINE to NOT make the trade if I am less than certain it will not stop at 1.3200

1.3196 is the 10 day MA

I will see what the Dow does. If I see it not getting through 1.3200 I will have more confidence in shorting it again.

Watch what happens at 7:30 AM and 8:30 AM and 9:00 AM and 9:30 AM

You might figure it out.

I have been trading REAL MONEY for over 5 years.

I have traded funds and still do over $100,000 US

My record is of no concern to you however I will state one more time I average over 10% increase in NAV each month that I trade.

If EUR/USD does NOT GO over 1.3170 I will not trade today.

In fact I am off for a few hours until 7:30 AM

In closing this is what I follow on my FXCM UK trading platform.

It all relates to MONEY FLOW


EUR/USD EUR/JPY USD/JPY

USD/CAD GBP/USD USD/CHF

AUD/USD XAU/USD SPX500

XAG/USD USOil US30

Good Morning

The 5 minute and 15 minute chart are heading down now.

The 30 minute chart is not. Which chart are you using ?

Are you short or long EUR/USD ?

I prefer to not make calls because I am not here to prove anything. Aside from that most here are too close minded to look at new ways.

So be it. Others really want to learn.

Bye for now until 7:30 AM or so.
  • #352,290
  • Dec 27, 2010 4:28am Dec 27, 2010 4:28am
[quote=Leinadgnow;4267008]im still down from my short at 1.31168 what a joke lol .. trying to ride this one out.. but if it doesn't reverse im closing it at a 300 dollars lost.. not gonna hold it without knowing any clear signals... luckily it's only a 0.5 contract.. otherwise im busted..[/
  • #352,291
  • Dec 27, 2010 4:28am Dec 27, 2010 4:28am
Quoting The Fool
One thing I will do differently this time around is lease a seat.

Now thats smart, jesus I see IOM's going for 500, I remember my first month on the floor I paid 3,000. Wow...It pays for itself brother, good call.
Look Sharp/Trade Tight
  • #352,292
  • Dec 27, 2010 4:32am Dec 27, 2010 4:32am
waiting for the higher high in the next 30mins/hour before shorting this
  • #352,293
  • Dec 27, 2010 4:36am Dec 27, 2010 4:36am
http://www.newyorkfed.org/markets/to..._schedule.html

QE2 is still on the menu, $10 - $14 Billion this week. China rate hike didn't do much to slow down the Asian markets and so was baked in already from expectations a couple weeks ago.

If Moody's doesn't sober up get back to work and downgrade Latvia or some shit the euro could drift up to 1.33 on weak volume by Wednesday...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #352,294
  • Dec 27, 2010 4:37am Dec 27, 2010 4:37am
Quoting Forexpro30
Right now I am all in cash since I see no trade to do at the moment.

You might figure it out.
So, what you are saying...

Before, after price started to fall from 1.3168 you would have instinctively gotten in at 1.3165 once price was near 1.3150, but now that we are back at that level, you do not see a trade?

Or you can just say what you "Would have done" after it happened....

Keep up the great work Ace!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #352,295
  • Dec 27, 2010 4:43am Dec 27, 2010 4:43am
Quoting Leinadgnow
thanks for the chart mate.. i'm holding out.. its all good.. im just curious.. other than london being on hols there is absolutely fundamental reason for the run up of the euro.. dix is oversold... and the china i/r shld jack up the dollar as well as so many rating cuts of the euro and issues.. why the sudden spike? hmm .. there's something im missing.. just can't figure it out..
Here, broken support on 1h, next target 80.15 and 79.15 .. OPen 4h EUR/USD or EUR/CHF and play with some trendlines.. what you see ? Breakouts.. same on DX.. ..
be carefull..

[Charts]
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  • #352,296
  • Dec 27, 2010 4:45am Dec 27, 2010 4:45am
I wonder what the benchmarks are doing?
Look Sharp/Trade Tight
  • #352,297
  • Dec 27, 2010 4:45am Dec 27, 2010 4:45am
Quoting PayTheLimit
I remember my first month on the floor
Where was that? I watched the movie Floored

http://www.forexfactory.com/showthread.php?t=237019

and they showed the CBOT, I guess it was, a ghost town anymore, only the steer traders rattling around in there anymore....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #352,298
  • Edited 4:57am Dec 27, 2010 4:47am | Edited 4:57am
doing bull yet can't leave the backdoor with false spike as if retrace already , may not work all time , may back in real there 3146 /53 & face the top if can break .anyway only 15 min left close H1 9th bull candle & if no retrace & up able may fail at or below 3172 , though previous target was 3190-3222.
lets see .next to failure if price back to 3090-3078 to down all possible if try play unfair & any impotency.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #352,299
  • Dec 27, 2010 4:50am Dec 27, 2010 4:50am
Quoting The Fool
Where was that? I watched the movie Floored

http://www.forexfactory.com/showthread.php?t=237019

and they showed the CBOT, I guess it was, a ghost town anymore, only the steer traders rattling around in there anymore....
CME brother, back in the 90's...I have had a drink at one time or another with most of those guys. Riba, that guy used to throw some wild parties. Doubt he remembers much though. Have seen the guy throw some 500 lots in the big spooze back in the day, lot of memories, christ that place almost killed me, lol
Look Sharp/Trade Tight
  • #352,300
  • Dec 27, 2010 4:56am Dec 27, 2010 4:56am
Quoting PayTheLimit
Riba, that guy used to throw some wild parties. Doubt he remembers much though.
hell he was drunk when they filmed him. He did, however, say one of the few things I remember as good advice, which went something like,

"when you're winning, trade bigger."
"If The Fool persists in his Folly he will become wise." - William Blake
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