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  • #581
  • Mar 6, 2011 6:05pm Mar 6, 2011 6:05pm
sold @5815 tight stop.

MAs have crossed
stoch pointing down (not shown)
price below 100sma
double top structure


support 5750 and 5700(stronger)
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If you think you can or cannot do it you are correct
  • #582
  • Mar 6, 2011 8:31pm Mar 6, 2011 8:31pm
Hey BBO,

Here's the may sugar chart....good close below 27 cents will be key I would think.


good hunting,


golfer
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  • #583
  • Mar 7, 2011 5:43am Mar 7, 2011 5:43am
Quoting Olu
Hi Jimbo. How was your weekend? Hope we all make some pips this week

About the euraud. I am not in yet but hoping to get in asap. I have high hopes for this pair to the upside. This might become one of my elusive ideal trades that will trend for days without appreciable pullbacks

weekend was good thanks.
have had a quick look at eur/aud chart and theres a few things that stand out to me. the trend lines and pitchfork, not the moving averages. chart is 4hr

i like to trade eur/gbp because it doesnt make massive moves a lot of the time and i find that when in a good trade it is easier to trail the stop manually, checking it a couple times a day and letting it run till stop is hit.
hope trading goes well
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  • #584
  • Mar 7, 2011 7:17am Mar 7, 2011 7:17am
Quoting golferfx
Hey BBO,

Here's the may sugar chart....good close below 27 cents will be key I would think.


good hunting,


golfer
I had my breakdown point around that level as well. Now we wait...
Thanks for posting the ichi chart
If you think you can or cannot do it you are correct
  • #585
  • Mar 7, 2011 7:26am Mar 7, 2011 7:26am
Quoting jimbo86
price closed on 200 sma, will look to sell around 0.7440- 0.7450.
as you said before, stop above 0.7475.
no tp to start
This is one of the examples where having patience is a good thing. On the chart we see price attacking a downtrend line from below. While we do not knoe what it will do we would have been sitting in a 50-60 pip drawdown if we entered on friday.


Now stoch on the hourly and the 4hr is getting pretty oversold so we might not have long before the downtrend resumes (imho). We wait.. We watch...
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If you think you can or cannot do it you are correct
  • #586
  • Mar 7, 2011 7:32am Mar 7, 2011 7:32am
Quoting Olu
sold @5815 tight stop.

MAs have crossed
stoch pointing down (not shown)
price below 100sma
double top structure


support 5750 and 5700(stronger)
Just checked the trade and found that I was almost stopped out by 2 pips! We are back down to more bearable levels but I need to see some action to the downside. 5750 anyone? If we break 5790 then we could run all the way down.
Attached Image
If you think you can or cannot do it you are correct
  • #587
  • Mar 7, 2011 7:42am Mar 7, 2011 7:42am
Check out the dojis on the chart. Coupled with an over bought stoch. We are forming a channel at the top 6350 - 6212. Because of the stoch my guess is a break down not up. By the way the daily candle has not closed so this is only speculation and thid baby might just go on and tear away to the upside.
Attached Image
If you think you can or cannot do it you are correct
  • #588
  • Mar 7, 2011 7:53am Mar 7, 2011 7:53am
This might take a while to get moving. The last 11 months the volume size of the candles have been short. If it breaks the 5707 value then it could move quite alot, possibly to 5385 level. Patience is the key for this pair.
  • #589
  • Mar 7, 2011 8:06am Mar 7, 2011 8:06am
is this the signal that we are going down

The inverted hammer
The divergence
The overbought stoch

Comments anyone?
Attached Image
If you think you can or cannot do it you are correct
  • #590
  • Mar 7, 2011 9:30am Mar 7, 2011 9:30am
133.50 has just gone. Gbp is weak accros the board
If you think you can or cannot do it you are correct
  • #591
  • Mar 7, 2011 9:46am Mar 7, 2011 9:46am
Quoting Olu
133.50 has just gone. Gbp is weak accros the board
is 133.00 going to go as well???
If you think you can or cannot do it you are correct
  • #592
  • Mar 7, 2011 9:54am Mar 7, 2011 9:54am
Quoting packtrain52
This might take a while to get moving. The last 11 months the volume size of the candles have been short. If it breaks the 5707 value then it could move quite alot, possibly to 5385 level. Patience is the key for this pair.
Thanks for your input. I noticed you on the thread and wondered whether you were going to say (sorry type!) something. You are welcome to the thread
Yes patience is needed for this pair and this business as a whole. This is my primary aim this year - to develop this virtue. I am getting better...

Hope your train is full of pips
If you think you can or cannot do it you are correct
  • #593
  • Edited 10:15am Mar 7, 2011 10:00am | Edited 10:15am
Quoting Olu
sold @5815 tight stop.

MAs have crossed
stoch pointing down (not shown)
price below 100sma
double top structure


support 5750 and 5700(stronger)
closed @1.5761 (+54pips). Saw a mini reversal forming on the hourly. Chart uploaded. Still bearish long term though...
Attached Image
If you think you can or cannot do it you are correct
  • #594
  • Mar 7, 2011 4:18pm Mar 7, 2011 4:18pm
The thread was unusually quiet today. I guess everyone was busy or that there were no real trades to make. How was the day for you?
If you think you can or cannot do it you are correct
  • #595
  • Mar 7, 2011 4:35pm Mar 7, 2011 4:35pm
Only ECa, and it is labouring, painfully.

But Mondays are generally my slowest days, Tuesday's can also be slow.

Thursday and Friday are usually my best trading days.

In the future i'll probably just trade Wed, Thurs and Fri; take a 4 day weekend!


Quoting Olu
The thread was unusually quiet today. I guess everyone was busy or that there were no real trades to make. How was the day for you?
  • #596
  • Mar 7, 2011 5:25pm Mar 7, 2011 5:25pm
A pissible sell here.

Price is below the 100sma
stoch turned down
doji i.e indecision

2913 is first support then 2984 but ultimately 2500
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If you think you can or cannot do it you are correct
  • #597
  • Mar 7, 2011 5:42pm Mar 7, 2011 5:42pm
Quoting PeterE
Only ECa, and it is labouring, painfully.

But Mondays are generally my slowest days, Tuesday's can also be slow.

Thursday and Friday are usually my best trading days.

In the future i'll probably just trade Wed, Thurs and Fri; take a 4 day weekend!
Good luck with the eurcad PeterE. I seaeched and searched the pairs for a setup that suited my plan off the daily charts. Today I am looking at the eurchf. I for one do not like friday because the market is winding down for the weekend. Everyone to his own - as long as we are gathering pips
If you think you can or cannot do it you are correct
  • #598
  • Mar 7, 2011 5:49pm Mar 7, 2011 5:49pm
i have no set-up on ECh

my median-line rule says price is going to that "arrowed" ML

no guarantees of course, plus market structure is forming lower highs on 60min, so dont let me stop your shorts



Quoting Olu
A pissible sell here.

Price is below the 100sma
stoch turned down
doji i.e indecision

2913 is first support then 2984 but ultimately 2500
Attached Image (click to enlarge)
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  • #599
  • Mar 8, 2011 1:54am Mar 8, 2011 1:54am
Quoting PeterE
i have no set-up on ECh

my median-line rule says price is going to that "arrowed" ML

no guarantees of course, plus market structure is forming lower highs on 60min, so dont let me stop your shorts
You were right! Eurchf rocketed up. Well done
Cost me 30pips to find out though
If you think you can or cannot do it you are correct
  • #600
  • Mar 8, 2011 2:00am Mar 8, 2011 2:00am
Oil was down $2 overnight . Fundamenntally there were rumours that Gadaffi wanted to step down and was haggling for safe passage for himself and his family. Also as opec opens the tap providing more oil

Stocks are up in asia. Futures in the wesrt are up as well pointing to a positive day in the west.

This equates to
Eurchf going up
usdchf going up
usdjpy going up
gold coming down a bit

Risk aversion is out today

IMHO
If you think you can or cannot do it you are correct
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