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  • #366,881
  • Jan 18, 2011 6:23am Jan 18, 2011 6:23am
Quoting Vladimir1987
Ill wait for NY to see if they want it higher or are they going to sell this...

Till then stand aside..

Smart decision IMO. NY Manufacturing can trigger second attack to daily/weekly R (to +/-1.345x) and TIC later can push the daily break (or fade in that area).

Let see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #366,882
  • Jan 18, 2011 6:26am Jan 18, 2011 6:26am
I just came up with two targets off the 3414 pivot....3493 upside, 3334 downside....
Look Sharp/Trade Tight
  • #366,883
  • Jan 18, 2011 6:27am Jan 18, 2011 6:27am
usdx m15
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  • #366,884
  • Jan 18, 2011 6:27am Jan 18, 2011 6:27am
Quoting buonvangvn
add long 1.3393
out 3 long (total 32 pips )
  • #366,885
  • Jan 18, 2011 6:28am Jan 18, 2011 6:28am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
just went in again for long from 1.3400 / target being 14Jan's high which on my charts shows as 1.3456. I think it wants to take out that high and then...carry on to 1.3500....or stop in that region and reverse back down..will play it either way...let's wait & watch....
The forex market has its own life and takes its own time.
  • #366,886
  • Jan 18, 2011 6:29am Jan 18, 2011 6:29am
Quoting Vladimir1987
Ill wait for NY to see if they want it higher or are they going to sell this...

Till then stand aside..

agree with you
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #366,887
  • Jan 18, 2011 6:33am Jan 18, 2011 6:33am
I think of couple scenarios for NY, a clear break or break fake or a fade...

Looking at the daily, we already made a quite atr and stopped at the top now for me it is more possible of an fade or a break fake.

Cause i dont believe that this could turn into a 200 pip bar but that is just an observation nothing relevant more or less.

A range is set and a clear point for entries so that should not be to difficult...

Here is a picture of my demo acc. and levels for now.
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  • #366,888
  • Jan 18, 2011 6:33am Jan 18, 2011 6:33am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting Vladimir1987
Ill wait for NY to see if they want it higher or are they going to sell this...

Till then stand aside..
Yep. Also hoping London will take profits.
Trade what you see, not what you think.
  • #366,889
  • Jan 18, 2011 6:34am Jan 18, 2011 6:34am
pending sell at 3499. target 3185 this week.or next. doesnt matter.

will keep to my shorts that run -120 pips aside both.


3185 would be a fair target

im off, need to get new thoughts.


see ya.!
Hero calls followed by margin calls...
  • #366,890
  • Jan 18, 2011 6:35am Jan 18, 2011 6:35am
By phanti
  • #366,891
  • Jan 18, 2011 6:38am Jan 18, 2011 6:38am
Dont get caught we are still in range...
  • #366,892
  • Jan 18, 2011 6:40am Jan 18, 2011 6:40am
Quoting sisse
Sure i get it well explained. I follow fundamentals and TA more than "market talk" but is good to know that we reach to more or less the same levels with different approaches.

1.343x is very strong daily R (4 test on the daily chart range since november) and weekly R too (but weaker from a weekly perspective 'cause is inside bars).

An overshoot to 1.350x is a clear option for a bull trap and sell (as it happened with the low of the range last week) however IMO the odds are stilll heavily aligned to a break up (short term next few weeks)...
sisse: Im a technical trader, News feeds just makes me understand what is happening at the moment and why. Right now traders would be thinking many things as to why 1.34 is so impotant and market talk says Options expiry 10am today.

All the news does is give me the edge as to when to get in or out of a position in time and not before its too late. Remember, I position trading.

I am very much a technical trader, but I keep it very simple. As I have shared before, The only thing I have on my charts are Trendlines, Fibs, support and resistance and thats it. Im a strong believe in the fibs.

On the daily of the EUR/USD there is a fib convergence at 1.2500 based on TWO AB swings. Im just waiting for the perfect setup to ride the money train down to 1.2540 - I like to get out 40pips before support trading off a daily chart target.
  • #366,893
  • Jan 18, 2011 6:44am Jan 18, 2011 6:44am
Quoting gh0stjpy
so how is it i see people posting their forex trades and they make like some stupid amunt £500+ for about 20-30 pips when i seem to make £1 per pip and for same trade would only make £20-30?? or is that leverage ??
No , they just give you £480 extra because they're being nice
  • #366,894
  • Jan 18, 2011 6:46am Jan 18, 2011 6:46am
Up ???
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  • #366,895
  • Jan 18, 2011 6:48am Jan 18, 2011 6:48am
Looking at the weekly analysis chart http://www.forexfactory.com/showpost...stcount=365434
assume that the next leg down small to 3325, medium 3223/11 & larger retracement towards 3147 to 3076 all possible before the bull start . so playing short with sl above previous top .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #366,896
  • Jan 18, 2011 6:49am Jan 18, 2011 6:49am
Quoting Hda
sisse: Im a technical trader, News feeds just makes me understand what is happening at the moment and why. Right now traders would be thinking many things as to why 1.34 is so impotant and market talk says Options expiry 10am today.

All the news does is give me the edge as to when to get in or out of a position in time and not before its too late. Remember, I position trading.

I am very much a technical trader, but I keep it very simple. As I have shared before, The only thing I have on my charts are Trendlines, Fibs, support and resistance...
Sounds like a good plan and yes I agree for today, expiration could be a factor to consider as is a daily/weekly R level.

Best of luck with your plan. We'll see what US open and Reports bring to the table first.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #366,897
  • Jan 18, 2011 6:50am Jan 18, 2011 6:50am
Looks like a bullish continuation pattern aka bull flag

NY might break it north

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Mind over matter..I don't mind and you don't matter.
  • #366,898
  • Jan 18, 2011 6:56am Jan 18, 2011 6:56am
Quoting sisse
Sounds like a good plan and yes I agree for today, expiration could be a factor to consider as is a daily/weekly R level.

Best of luck with your plan. We'll see what US open and Reports bring to the table first.

sisse
Sisse: Understood - Thanks and Green Pips to you my friend
  • #366,899
  • Jan 18, 2011 6:58am Jan 18, 2011 6:58am
Quoting BrunargarFx

Thanks for sharing
BrunargarFx: Your welcome - Happy Trading
  • #366,900
  • Jan 18, 2011 6:59am Jan 18, 2011 6:59am
Quoting sisse
Sounds like a good plan and yes I agree for today, expiration could be a factor to consider as is a daily/weekly R level.

Best of luck with your plan. We'll see what US open and Reports bring to the table first.

sisse
Yes and also market talk of orders at 3420 capping this for now.
Might change at 15:00 london when all news is in and expiries done.
making green pips large and red pips small this is my goal.
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