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  • #408,581
  • Mar 17, 2011 4:55am Mar 17, 2011 4:55am
Quoting rattyo
see a fair few pro's on here were short earlier,
must be well underwater by now.
lol underwater as far as the stop is. which is usually about 1 or 2% at most. more like being splashed in the face
  • #408,582
  • Mar 17, 2011 4:55am Mar 17, 2011 4:55am
Cable long trade.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #408,583
  • Mar 17, 2011 4:56am Mar 17, 2011 4:56am
Today is another day of watching.

Woke up to late and didnt want to chase the move and waited for a retrace but there was none.

Wondering if today will be a 200+ pip day??? Already at 158.
  • #408,584
  • Mar 17, 2011 4:57am Mar 17, 2011 4:57am
short now with 1atr as SL or wait for breakout.

cant lose with such low risk trades.
  • #408,585
  • Mar 17, 2011 4:57am Mar 17, 2011 4:57am
Quoting pepper
Hi Ceasar for discipline or confirmation of letting a winning trade run use MACD.

MACD doesnt help u shit. Statistically you will loose more than you gain. Understand why EU moves. Understand the components. If they flip, run.
  • #408,586
  • Mar 17, 2011 4:58am Mar 17, 2011 4:58am
Quoting rattyo
see a fair few pro's on here were short earlier,
must be well underwater by now.
having said that, it's a good idea to learn to swim.
  • #408,587
  • Mar 17, 2011 4:58am Mar 17, 2011 4:58am
Quoting thelws
lol underwater as far as the stop is. which is usually about 1 or 2% at most. more like being splashed in the face
yeah, just a bit of wetness...
  • #408,588
  • Mar 17, 2011 4:59am Mar 17, 2011 4:59am
40318 is the level I am watching. The next level up is 70 pips away. If there is rejection then 4003 followed by 3971.
We're all stories in the end. Just try to make it a good one.
  • #408,589
  • Mar 17, 2011 4:59am Mar 17, 2011 4:59am
The only ones who wanted to short this were the ones that missed the boat in the first place. Wait for at least R2 to be reached before considering it...
  • #408,590
  • Mar 17, 2011 5:00am Mar 17, 2011 5:00am
Quoting sisse
Well IMHO, you arrived a little late to the selloff USDCHF as it has been a easy downtrend since January and after it broke to fresh all time lows on last week of Feb even a blind trader would have make something selling the pair.... in any case well done..

sisse
oh dear! i said to sell euchf not usdchf.... the latter has been going down since 2002!

hope you are well sisse

anna
  • #408,591
  • Mar 17, 2011 5:00am Mar 17, 2011 5:00am
Quoting thelws
short now with 1atr as SL or wait for breakout.

cant lose with such low risk trades.

shorting now is catching a falling knife... it can always work but its not the most clever thing to do... no confirmation anywhere... not even m1
  • #408,592
  • Mar 17, 2011 5:00am Mar 17, 2011 5:00am
In my case, i'll be buying the dips

Quoting BrunargarFx
The only ones who wanted to short this were the ones that missed the boat in the first place. Wait for at least S2 to be reached before considering it...
  • #408,593
  • Mar 17, 2011 5:01am Mar 17, 2011 5:01am
Quoting jezek5
If DX doesn't hold this level it could be
in a lot of trouble.76.00.
Next stop 75.45 if 76.00 goes.
Tested it last night and here we are again.
Banana Ben will be happy,this things gone.
You can remain irrational longer than you can remain solvent.
  • #408,594
  • Mar 17, 2011 5:01am Mar 17, 2011 5:01am
Quoting darimik
shorted 3990. SL above 4040. just using the same chart with the same levels over and over again
Attachment
Attachment
stopped out. -2%
  • #408,595
  • Mar 17, 2011 5:02am Mar 17, 2011 5:02am
Quoting PayTheLimit
it the bulls take out 4016ish/32ish, well that could turn into something interesting...watching 3993 below now...
blue looks for chance at 4083ish/4099ish...4016ish the support now..
Attached Image
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  • #408,596
  • Mar 17, 2011 5:03am Mar 17, 2011 5:03am
Opened short trade at 1.40401. Thought I would be the target. And price will bounce back.

But my trade already close with SL.
  • #408,597
  • Mar 17, 2011 5:03am Mar 17, 2011 5:03am
R2 reached
  • #408,598
  • Mar 17, 2011 5:03am Mar 17, 2011 5:03am
YW. and thanks for your kind words. Buy the rumor and sell the news is probably the only trading concept that has been valid since ever. The problem like always is translating that into TA trading decision....

1.402x was FINALLY touched and weekly highs are finally in play too. To be honest short term FA in the next 2 weeks (not going in details here) tell me to sell/fade daily the euro until the actual interest ECB rate hike but TA and momentum is obviously pointing the other way in an uptrend so a confirmed TA rejection on daily is a must.

A fade on rejection of daily swing high//weekly highs and a breached daily and weekly Resistance is the best r:r trade in my books for the next few days. So I am actively looking for that in the next hours/days.

I don't discard 1.43xx later but I am giving priority on timing and short term FA first. Last Thursdays I posted/changed my FA outlook from bullish to neutral. Today I am changing from Neutral to Bearish short term as soon as the smallest rejection of daily highs is confirmed I will be short. "The cancel all, I am fundamentally wrong number" is above the overshoot area 1.405x/1.407x.

We'll see and good luck in your trading.

sisse

Quoting paul1
I appreciate your posts sisse and see great analysis and clarification from your comments .
Your advice about the rates last week was extremely helpful.
Exatly as you said, even though the rate stayed the same ,it seems traders trade the comments of top officials as they relate to next month possible hike.

I believe shorting 1.4000 the first hit was pretty good risk/ reward .
but each hit is producing less rewards for bears at this level .
So personally as long as the hike is hawkishly presented and oil stays above $90/barrel and especially if...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #408,599
  • Mar 17, 2011 5:04am Mar 17, 2011 5:04am
Quoting fyer
MACD doesnt help u shit. Statistically you will loose more than you gain. Understand why EU moves. Understand the components. If they flip, run.
Don't use MACD for entry's,just for confirmation on a trade already in motion.Supply and demand levels for entry.
  • #408,600
  • Edited 10:10pm Mar 17, 2011 5:04am | Edited 10:10pm
It's really STRONGEST BULLISH !!

Price @ 1.4161 for Criticcal Point for Full Blown Reversal !
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Always looking the GREAT, never left GOOD Point...
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