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  • #411,761
  • Mar 22, 2011 11:58pm Mar 22, 2011 11:58pm
Quoting satheesh
shall we expect a retest @ 1.4050 area?
imo if a H4 candle closes below 4150 i think 4030 support might be tested

If that does not hold bull might be done for a while

I am still long off 4050 area


.
Mind over matter..I don't mind and you don't matter.
  • #411,762
  • Mar 22, 2011 11:59pm Mar 22, 2011 11:59pm
Quoting mdrive
Nice trade, how was your setup for TP
None. I just let it flow.
  • #411,763
  • Mar 23, 2011 12:00am Mar 23, 2011 12:00am
Quoting thelws
Im long now.

Anticipating price going up. Price going beyond 4145 invalidates long
I am not touching long, we were strong going towards .4281, days/hours before the EU meetings ... I expect either

1. profit taking
or
2. holding onto funds

in the time leading upto the meeting.
  • #411,764
  • Mar 23, 2011 12:03am Mar 23, 2011 12:03am
Quoting Pips-and-Dip
I am not touching long, we were strong going towards .4281, days/hours before the EU meetings ... I expect either

1. profit taking
or
2. holding onto funds

in the time leading upto the meeting.
  • #411,765
  • Mar 23, 2011 12:07am Mar 23, 2011 12:07am
Quoting pkimnyc
to me, all same except spread and weekend gap. plus the new stuff i learned, uptick rule.
My short answer would be...

1. Spread affects you less while trading FX if you have a longer pip look...

2. Risk & Reward can be pretty much the same, but make sure the morning gap is not affecting you in stock trading... meaning close the position if there is a possibility for opening lower than your potential wanted risk level... Hard to calculate as we had Tokyo disaster opening down 11%... Same as in september 2008... Horrible for me and other traders...

3. volatility is way better in FX, and that can go both ways... better=higher..

4. week-end gap, with oanda I dont really feel this, but where I run my two EAs w. FXpro its not so funny.... so I try to close it before the week-end starts...

5. discretionary vs mechanical trading, I found that discretionary is a better way for me because nothing lasts for a prolonged time, if you use EAs you have to put it "on an off" when you have a good setup.. so not making run alone completely...

6. time spent watching the market, in forex this can break you, in stock trading you dont really have a choice, it closes. However as it is more expensive trading stocks you put in a longer term trading style with smaller position and wait for a longer time and hence, less money to your broker.

7. expectations of return is more in forex and is probably why so many traders is loosing money, why they actually loose is discussible. Lack of education is probably number 1.

8. news has a great impact on Fx and within seconds, stocks are more affected by the same news throughout the day...

9. general trend seems to be discussable and pretty much similar... longer term..

10. Myths and facts, = heaps... walk your own path...
  • #411,766
  • Mar 23, 2011 12:09am Mar 23, 2011 12:09am
Quoting Pips-and-Dip
I am not touching long, we were strong going towards .4281, days/hours before the EU meetings ... I expect either

1. profit taking
or
2. holding onto funds

in the time leading upto the meeting.
It all depends on whether or not 4145 gets taken out. If it does get taken out then I'll short. But until then, there is no reason to short anymore. Right now the risk reward for longing is very good.
  • #411,767
  • Mar 23, 2011 12:10am Mar 23, 2011 12:10am
i reckon this down trend will end soon as the hamonic butterfly will end at 38.2 as shown in the pic.
going long from there
Attached Image (click to enlarge)
Click to Enlarge Name: k.gif Size: 24 KB
  • #411,768
  • Mar 23, 2011 12:10am Mar 23, 2011 12:10am
if 4180 gets taken out, bull run is confirmed.
  • #411,769
  • Mar 23, 2011 12:11am Mar 23, 2011 12:11am
Quoting thelws
It all depends on whether or not 4145 gets taken out. If it does get taken out then I'll short. But until then, there is no reason to short anymore. Right now the risk reward for longing is very good.
I am not saying that it won't go up, I just don't think that it is very 'strong', look at 11/04/2010, I don't think that will give this week ... maybe a test at most ...
  • #411,770
  • Edited 12:24am Mar 23, 2011 12:12am | Edited 12:24am
Quoting Pips-and-Dip
I am not touching long, we were strong going towards .4281, days/hours before the EU meetings ... I expect either

1. profit taking
or
2. holding onto funds

in the time leading upto the meeting.

Levels that might be useful

below 4140 - sell

above 4180- buy

daily pivot 4207



.
Mind over matter..I don't mind and you don't matter.
  • #411,771
  • Mar 23, 2011 12:13am Mar 23, 2011 12:13am
Quoting Pips-and-Dip
I am not saying that it won't go up, I just don't think that it is very 'strong', look at 11/04/2010, I don't think that will give this week ... maybe a test at most ...
well its no point for me to anticipate up to that level. I just ride with the flow. As I said, the risk reward ratio is very good to long hence that is the reaosn I got into the trade. If I am wrong at most I lost 0.5%. If I'm right, I can make 3%. That is why I took the trade.
  • #411,772
  • Mar 23, 2011 12:15am Mar 23, 2011 12:15am
Quoting thelws
well its no point for me to anticipate up to that level. I just ride with the flow. As I said, the risk reward ratio is very good to long hence that is the reaosn I got into the trade. If I am wrong at most I lost 0.5%. If I'm right, I can make 3%. That is why I took the trade.
fair enough, 7:15 gmt, not touching anything new for 45minutes.
  • #411,773
  • Mar 23, 2011 12:22am Mar 23, 2011 12:22am
Quoting mercy seat
Too tight stop we say again ... typical behaviour of FF members ...


Still vulnerable and subject to near term corrective dips ...

Overall in bullish stance tho' ...

Daily bullish ...

3-Day bullish ...

Weekly bullish ...




;-|
Situ still vulnerable and subject to near term corrective price actions ...

1.4138/ 26 zone must hold in order to avoid further sell off attempts while ongoing consolidation activities ...

Bei dem allgemein übrigen Geschwätz im Kiosk ist das hier mehr als genug für diesen Platz ... macht etwas daraus ... it's up to you ...



2011-03-22 _ 23h15 CET _ EUR-USD : CLOSING (Tuesday)





EUR-USD : 1.41991 (rollover close / rollover open)





(+06) Trend + Potential (bullish risk) ... but reduced from +08 to +06 ...

0.0069 Écart

1.3856 Elliott EX-Reversal Point

1.4341 Elliott Projection (possibly a re-test of 1.4152 - 1.4143 or 1.4098 in case of an extention ... and extended impulse wave up 1.4238 - 1.4258 or 1.4341 in case of an extention)





pivots + spezi



0.0069 Écart



1.4308 1.4280
1.4278 1.4255
1.4249 1.4223
1.4238 1.4217


1.4199 1.4214 <= central pp zone


1.4157 1.4210
1.4179 1.4189
1.4140 1.4152
1.4100 1.4137 <= Knackpunkt-Zone ...


Hilily & Lolo
1.4249 1.4179




palim palim ...




;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-23_08h16_ EURUSD _ min060 _ (075) volume + TL.PNG Size: 24 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #411,774
  • Mar 23, 2011 12:30am Mar 23, 2011 12:30am
bulls winner!
  • #411,775
  • Mar 23, 2011 12:30am Mar 23, 2011 12:30am
Quoting Cluelus
Piters does that include their data feed or not?
Thanx C
if my memory keeps me still, With standard config, you are getting NEWS feed and FX feed.. everything else you have to ask and pay for additionally..
  • #411,776
  • Mar 23, 2011 12:31am Mar 23, 2011 12:31am
next real resistance 4200
  • #411,777
  • Mar 23, 2011 12:32am Mar 23, 2011 12:32am
Frankfurt pretty active this morning I see.
  • #411,778
  • Mar 23, 2011 12:34am Mar 23, 2011 12:34am
good morning people. i'm long at 1.4177 s.l @1.4169 t.p 1.4300
C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #411,779
  • Mar 23, 2011 12:36am Mar 23, 2011 12:36am
EU opened below DPP suggesting some bearish corrections while in uptrend.
During the time Im writing this EU is struggling to close above weekly resistance now acting as a support 1.4176.

There are 2 options for longs at the moment. First is to buy around 4170 with stops around 4136 and 2nd is long around 4145 with stops around 4120 whichever comes first.

4193 needs to break in order for EU to test 4220 a good TP for mentioned longs
  • #411,780
  • Mar 23, 2011 12:36am Mar 23, 2011 12:36am
Quoting Piters
if my memory keeps me still, With standard config, you are getting NEWS feed and FX feed.. everything else you have to ask and pay for additionally..
Piters.
Thanx for your reply, one day might consider getting a feed from them, right now my account does not allow for that.
C
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