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  • #360,761
  • Jan 7, 2011 9:28am Jan 7, 2011 9:28am
Quoting piptornado
was going to buy around 2955, did not do it.
was going to sell around 3005, did not do it.

Hate days like this. I see the levels, just don't do anything.
It's a good day to be sitting on your hands.

Better to be out of a trade wishing you were in, instead of, being in a trade wishing you were out....

I haven't taken a trade since last night...I'm all good with that...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,762
  • Jan 7, 2011 9:29am Jan 7, 2011 9:29am
Quoting cloggie
Covered.
Hi Cloggie,
your 1.3050 target, does it corresponds to daily pivot (on London session) + 23.6% fibo from 1.3434 high?
  • #360,763
  • Edited 9:30am Jan 7, 2011 9:29am | Edited 9:30am
Quoting paul1
Is it easily available on the cme and globex sites ?
I looked but couldnt find a list as you have produced thanks.is there info on the size of them so i can determine the possible weight it will add to the price level ,appreciate any help
I pulled that list from a broker, but both CME and GLOBEX should have it as primary source. And the "open interest" (number of outstanding contracts, each 125M) should be there, as well as, at least in CME case, the volume and even time&sales daily after close.

Unlike the big bank-written exotics (knocks, digitals, average rates) which are private, these are regulated, full disclosure instruments.
  • #360,764
  • Jan 7, 2011 9:30am Jan 7, 2011 9:30am
Quoting BrunargarFx
Hi Cloggie,
your 1.3050 target, does it corresponds to daily pivot (on London session) + 23.6% fibo from 1.3434 high?

DP is 3038, am not expecting a straight shot at all, my plan is to buy the rejections of the lows for 30-40 pips at a time, not selling any of the rallies yet. There is a valid case for those that do the exact opposite here.

I am now eyeballing 2970 for a change to reload for 3012
  • #360,765
  • Jan 7, 2011 9:30am Jan 7, 2011 9:30am
Quoting Magix
It's a good day to be sitting on your hands.

Better to be out of a trade wishing you were in, instead of, being in a trade wishing you were out....

I haven't taken a trade since last night...I'm all good with that...
Awesome! so true
  • #360,766
  • Jan 7, 2011 9:31am Jan 7, 2011 9:31am
i m out from my short at 2981..
  • #360,767
  • Jan 7, 2011 9:31am Jan 7, 2011 9:31am
Quoting TexasforEX
Market has paused but I still show a slight dollar negative bias in my charts.

Late afternoon could produce a rally for the conti's and commod's.
Take half profits around here for modest profits and set all the rest at BE. Ugly PA today but at least it's in the black.

Cheerio
"Timing Is Everything. Really I Swear It Is"
  • #360,768
  • Jan 7, 2011 9:32am Jan 7, 2011 9:32am
Insane times we are living.

I continue to see below levels to be a reality soon, but beware 1.2933 stop, it must close today below 1.2966 to see below 1.2900 faster.

according Portuguese economy, for all interested I have post some about that.

http://lusitanaehabilitas.blogspot.c...ews-about.html
  • #360,769
  • Jan 7, 2011 9:33am Jan 7, 2011 9:33am
I was expecting a little more strength, a buy back to the missed pivot areas if not over the last 2 days at least yesterday...

EU just don't seem to have the juice...

Solid rejection at daily open and looks like we could continue the negative into the weekend...

Good luck on the day traders...
Attached Image (click to enlarge)
Click to Enlarge Name: reject.jpg Size: 64 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,770
  • Jan 7, 2011 9:34am Jan 7, 2011 9:34am
Quoting paul1
Is it easily available on the cme and globex sites ?
I looked but couldnt find a list as you have produced thanks.is there info on the size of them so i can determine the possible weight it will add to the price level ,appreciate any help
http://www.cmegroup.com/daily_bullet...ns_2011004.pdf

this will have the open interest, adjusted every day...
Look Sharp/Trade Tight
  • #360,771
  • Jan 7, 2011 9:34am Jan 7, 2011 9:34am
PipTornado,

There's no need to agonize over missed trades. Possible solution is trading a longer timeframe rather than scalping.??
  • #360,772
  • Jan 7, 2011 9:35am Jan 7, 2011 9:35am
Quoting cloggie
Buy the next rejection
Was thinking of giving it a shot if it got back down there, just with smaller size than usual since I passed on 2 opportunities already. Thanks
  • #360,773
  • Jan 7, 2011 9:36am Jan 7, 2011 9:36am
Nothing special , just good ranging within limited bouncing more with double top than down for pip hunters , Bear trying to convert into a bull right now though.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 8 KB
Click to Enlarge Name: eu2.gif Size: 5 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #360,774
  • Jan 7, 2011 9:37am Jan 7, 2011 9:37am
i posted this early dec about double bottom E/U @ 1.2920 -- if you are short ---tough times to try to break 12920 with first shot -after 129 then 128 just as potent and 127 -- all 3 levels will buyers load it up -

DX chart still point up for me -
Attached Image (click to enlarge)
Click to Enlarge Name: eur00.jpg Size: 65 KB
  • #360,775
  • Jan 7, 2011 9:39am Jan 7, 2011 9:39am
seems like eu is worked currently and supply absorbed. tons of shorts might still be kicking in...if this pops through 3000 we should move higher.

update on my view

http://img80.imageshack.us/img80/6087/0701111637h.png
  • #360,776
  • Jan 7, 2011 9:40am Jan 7, 2011 9:40am
Quoting Bren0001
PipTornado,

There's no need to agonize over missed trades. Possible solution is trading a longer timeframe rather than scalping.??
thanks, I know. I am getting used to looking for a specific target a day and trying to achieve it, not really scalping, but taking advantage of opportunities.

I used to "scalp" (was really overtrading) but never good at it. Would have a couple of good trades, then give most of it back in others, and most of the time end up negative. Trying to change my evil ways.
  • #360,777
  • Jan 7, 2011 9:41am Jan 7, 2011 9:41am
Quoting cloggie
DP is 3038, am not expecting a straight shot at all, my plan is to buy the rejections of the lows for 30-40 pips at a time, not selling any of the rallies yet. There is a valid case for those that do the exact opposite here.

I am now eyeballing 2970 for a change to reload for 3012
DP at 30.38 -yep
I bought at 1.297 earlier on as per my original plan (haven't closed it yet but thanks 30-40pips is a good idea).
Reloading at 1.297 would be a good idea
Thanks for sharing
  • #360,778
  • Jan 7, 2011 9:41am Jan 7, 2011 9:41am
Quoting buonvangvn
add long 1.2988
out all 10 pips
  • #360,779
  • Jan 7, 2011 9:42am Jan 7, 2011 9:42am
Quoting Magix
Better to be out of a trade wishing you were in, instead of being in a trade wishing you were out....
That is so goddamn true, pure wisdom!
  • #360,780
  • Jan 7, 2011 9:43am Jan 7, 2011 9:43am
Quoting BrunargarFx
DP at 30.38 -yep
I bought at 1.297 earlier on as per my original plan (haven't closed it yet but thanks 30-40pips is a good idea).
Reloading at 1.297 would be a good idea
Thanks for sharing

Unless we have a big rally, fibre tends to move in 20pip segments, 40 up, 20 down, 20 up, 40 down, 20 up, 20 down, 40 up, etc. It prefers double moves with a single retrace. When she is ranging you will get a lot of 40 pips move in one direction, followed by a 20 pip retrace and then a 20 pip fake. Just a matter of finding the edges of the range and then you can find the 40 pippers, buying mid range, as we are now will only get you stuck in the 20 pippers with lots of fake outs.

My play for the day has been to buy the rejections of the lows, am now watching to see how 2970 reacts, not going to jump in mid stream here.

NFP today was a non event so we are ranging, you need to focus on finding the edges and ignore the triggers midway. That will give you the higher probability trades for around 40 pips each. I am still biased towards a correction so I covered all my longer term shorts and will only buy the dips, ignoring the rallies.
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