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EURUSD

  • #360,281
  • Jan 6, 2011 11:09pm Jan 6, 2011 11:09pm
morning..
Look Sharp/Trade Tight
  • #360,282
  • Jan 6, 2011 11:12pm Jan 6, 2011 11:12pm
double bottom
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  • #360,283
  • Jan 6, 2011 11:12pm Jan 6, 2011 11:12pm
Quoting iflyjetzzz
No argument from me. I certainly don't feel like I'm worthy of 5 vouches; my TA skills are subpar.
And although I'm solidly in the green on my account, I'm reluctant to post my trades because while I come up decisions on my own, I look for confirmation from a select posters on this board before I trade. I suppose I'm like a baseball scout - I can spot talent even if I don't possess the talent to play the game. But I get a valuable education on this board every day.


As bel stated, the vouching system really seems to be up to the discretion of the individual, and we all find reasons for what we do...

Responsibility in our trades and our actions...

I will not discount any of the information that you have posted, nor your relative ability to sift through the countless pages here to find them golden nuggets. You have made some hit lists.

I guess you have proven yourself in the light of others.

To me, this would seem that you are on your way to a lot greater things. Believing in your own abilities is solid, having the conviction to gain others trust is a whole other level.

Keep on keepin on brother...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,284
  • Jan 6, 2011 11:14pm Jan 6, 2011 11:14pm
Quoting buonvangvn
double bottom
bit too early to call it double bottom, i think.
  • #360,285
  • Jan 6, 2011 11:14pm Jan 6, 2011 11:14pm
Quoting PayTheLimit
morning..
Good morning, PTL.
  • #360,286
  • Jan 6, 2011 11:17pm Jan 6, 2011 11:17pm
Quoting pkimnyc
bit too early to call it double bottom, i think.
I've got a couple of sell limit orders in the 1.301x range (currently flat); looking for a retrace. It looks to me that 1.302x is strengthening as resistance.
This still looks like a sell the rallies trade.
  • #360,287
  • Jan 6, 2011 11:19pm Jan 6, 2011 11:19pm
Quoting pkimnyc
bit too early to call it double bottom, i think.
it's current double bottom, so most likely the following will be lower.
  • #360,288
  • Jan 6, 2011 11:22pm Jan 6, 2011 11:22pm
what up ifly, how goes it brother...
Look Sharp/Trade Tight
  • #360,289
  • Jan 6, 2011 11:22pm Jan 6, 2011 11:22pm
Quoting iflyjetzzz
I've got a couple of sell limit orders in the 1.301x range (currently flat); looking for a retrace. It looks to me that 1.302x is strengthening as resistance.
This still looks like a sell the rallies trade.
you might be right. as for me, i'm staying the hell out of the market.
tomorrow nfp. if the bottom gives then broken support should be a good referrence point to sell. if bounce then buy on dip.
  • #360,290
  • Jan 6, 2011 11:24pm Jan 6, 2011 11:24pm
..
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How to opt out annoying user signatures ??
  • #360,291
  • Jan 6, 2011 11:26pm Jan 6, 2011 11:26pm
I have just taken the following trade: LONG 1.2991...SL 1.2971...TP1 1.3031

Rationale: Price broke out of the 5M channel to the upside, so I traded the bounce of the upper trendline. Will close the trade early, if I see a down candle open and close back inside the 5M channel. Lets see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd.gif Size: 43 KB
  • #360,292
  • Jan 6, 2011 11:32pm Jan 6, 2011 11:32pm
I like the Daily Pivot Play days...

Today would be day 2 we haven't seen dp grazed...

Though the daily seems grossly bearish, I still gotta feeling we gunna be at least putting a test to that line...

Running into NFP, cripes, who knows but if we do bust to topside, first line in the sand is 5m resistance, clearing that is a choppy but smooth sail to DP...

Areas on chart.
Yellow, 5m resistance
Purple, approximated daily pivot.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,293
  • Jan 6, 2011 11:32pm Jan 6, 2011 11:32pm
Quoting PayTheLimit
what up ifly, how goes it brother...
Going great. I was disappointed that there weren't any decent retraces today after breaking 1.3080. I didn't take any additional shorts after that. But I banked a decent amount this morning so I'm not feeling too bad about it.


Quoting pkimnyc
you might be right. as for me, i'm staying the hell out of the market.
tomorrow nfp. if the bottom gives then broken support should be a good referrence point to sell. if bounce then buy on dip.
I'm trying to build a small short position going into London and then NFP - levered at ~5:1. My broker, InteractiveBrokers, has been kept tight spreads and instant execution during volitile trading thus far. I'll have my finger on the cover button with a market order loaded when NFP's released. It's a bit of a coin flip, but with the way the PA's been, I just don't see a rush into the EUR in front of the weekend.
  • #360,294
  • Jan 6, 2011 11:39pm Jan 6, 2011 11:39pm
I'll be watching 3110, a good hourly close above there and the bulls will be back in charge, little support just below here at 3078/80. I might be looking for a little long scalp against the lows here, but selling rallies is smarter. 3035 is the close of the big down bar, would be a good place for any bounce to stall...good luck
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 21 KB
Look Sharp/Trade Tight
  • #360,295
  • Jan 6, 2011 11:41pm Jan 6, 2011 11:41pm
Quoting iflyjetzzz
I'm trying to build a small short position going into London and then NFP - levered at ~5:1. My broker, InteractiveBrokers, has been kept tight spreads and instant execution during volitile trading thus far. I'll have my finger on the cover button with a market order loaded when NFP's released. It's a bit of a coin flip, but with the way the PA's been, I just don't see a rush into the EUR in front of the weekend.
pa has been generous for me compare to cross pairs, used to trade geppy, now more on euro (for now). good luck on you trade tomorrow. i just don't have balls to play nfp.
  • #360,296
  • Jan 6, 2011 11:44pm Jan 6, 2011 11:44pm
magix,....market talk...

new phrase I'm using..
Look Sharp/Trade Tight
  • #360,297
  • Jan 6, 2011 11:45pm Jan 6, 2011 11:45pm
Quoting PayTheLimit
magix,....market talk...
wiki'd!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,298
  • Jan 6, 2011 11:47pm Jan 6, 2011 11:47pm
usd index can continue Up
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  • #360,299
  • Jan 6, 2011 11:49pm Jan 6, 2011 11:49pm
Quoting pkimnyc
good luck on you trade tomorrow. i just don't have balls to play nfp.
I'll keep my position small; just enough to lose a toe or two rather than my entire leg.


Quoting PayTheLimit
magix,....market talk...

new phrase I'm using..

Man, I'm going to miss benchmarks.
  • #360,300
  • Jan 6, 2011 11:52pm Jan 6, 2011 11:52pm
Quoting Zuke
I have just taken the following trade: LONG 1.2991...SL 1.2971...TP1 1.3031

Rationale: Price broke out of the 5M channel to the upside, so I traded the bounce of the upper trendline. Will close the trade early, if I see a down candle open and close back inside the 5M channel. Lets see how it goes.
Down candle back inside 5M channel so closed for -6. Will wiat for the next setup
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