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EURUSD

  • #418,021
  • Apr 5, 2011 1:52pm Apr 5, 2011 1:52pm
Well I am long on this one. Will take profit at 1.42660 if IT gets there
  • #418,022
  • Apr 5, 2011 1:52pm Apr 5, 2011 1:52pm
to see i got stopped out on 2 of my shorts...

still 50 pips green for the day.

i don't believe luck. could say i was unlucky as i got stopped out with sls at 42454 and 42458 (yes, the spread screwed me!) but could also say i was lucky that i misplaced one stop and that short is still on LOL

heading home.

enjoy!
dreams do come true.
  • #418,023
  • Apr 5, 2011 1:57pm Apr 5, 2011 1:57pm
Quoting farzadinio
any other news beside of raising interest-rate for euro would shoot Euro to a very deep correction
They will raise rates: they have been telegraming this to anyone who's been listening. Doing otherwise would p!ss off the wrong people. (ie., smart money, banks, etc.) Although, they may use the conference afterwards to talk down further expectations; a sky-bound euro isn't a good recipe for the current supposed recovery that they are in. The question is, how far beyond the current TL it will go.
  • #418,024
  • Apr 5, 2011 1:58pm Apr 5, 2011 1:58pm
Quoting fxpreacher
I'll sell another bounce into the close.
mad scalping skillz how many pips/day do you average?
Don't have an ego. Always question yourself and your ability.
  • #418,025
  • Apr 5, 2011 2:00pm Apr 5, 2011 2:00pm
another doji on H1...
  • #418,026
  • Apr 5, 2011 2:03pm Apr 5, 2011 2:03pm
Quoting drumdude
Here is the MN chart I posted a while back...we already got the close and high below the TL (March) as I thought. We are currently piercing the TL and I will be looking for a high at the 50 Level (may not be this month) And then I expect a retrace to the TL on the opposite side.

Cheers.
you should really connect the top of those wicks and draw it properly, the trendline has yet to be breached
Don't have an ego. Always question yourself and your ability.
  • #418,027
  • Apr 5, 2011 2:05pm Apr 5, 2011 2:05pm
Major moves has been done ...

Meat has been eaten ... now only bones and some fatty sausage material left ...



ZigZag A-B-C (Update - 05.04.2011 - 20h38 - Tuesday)



1.4268 1.4210
1.4257 1.4199
1.4246 1.4188
1.4235 1.4174
1.4223 1.4163
1.4210 1.4152
1.4199 1.4141
1.4188 1.4129



UP DOWN
1.42455 1.41516





;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2001-04-05_20h20_EURUSD _ min010 _ pivotchart with 4 Hours PP.png Size: 19 KB
Click to Enlarge Name: 2001-04-05_20h20_EURUSD _ min060 _ pivotchart with Daily PP.png Size: 17 KB
Click to Enlarge Name: 2001-04-05_20h25_EURUSD _ min240 _ pivotchart with Weekly PP.png Size: 18 KB
Click to Enlarge Name: 2001-04-05_20h25_EURUSD _ x-Daily _ pivotchart with Monthly PP.png Size: 20 KB
Click to Enlarge Name: 2011-04-05_20h55_ EURUSD _ min005 _ (2Dy) candle + TL.PNG Size: 25 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #418,028
  • Apr 5, 2011 2:07pm Apr 5, 2011 2:07pm
moral of the story - never trust the first direction...

bit of a mild intraday stop clearout after all that...
  • #418,029
  • Apr 5, 2011 2:10pm Apr 5, 2011 2:10pm
Quoting Kowalczyk
I think were going down. I'm short at 1.4243. SL at 1.4274, TP at 1.4156.
TP hit today, barely. Thinking about going short again today, will wait until the daily candlestick closes.
  • #418,030
  • Apr 5, 2011 2:11pm Apr 5, 2011 2:11pm
Quoting RamsesII
you should really connect the top of those wicks and draw it properly, the trendline has yet to be breached
Didn't see that but regardless the chart is long for now.
  • #418,031
  • Apr 5, 2011 2:14pm Apr 5, 2011 2:14pm
Quoting eliabreu
another doji on H1...
we just might be here for a couple sessions maybe
  • #418,032
  • Apr 5, 2011 2:23pm Apr 5, 2011 2:23pm
Quoting drumdude
Didn't see that but regardless the chart is long for now.
you go ahead and buy into resistance
Don't have an ego. Always question yourself and your ability.
  • #418,033
  • Apr 5, 2011 2:27pm Apr 5, 2011 2:27pm
Quoting RamsesII
you go ahead and buy into resistance

Best of luck to you as well. Never said I am not expecting a retrace....post a chart?
  • #418,034
  • Apr 5, 2011 2:33pm Apr 5, 2011 2:33pm
maybe... maybe not.....

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_5 Mins_snapshot.jpg Size: 98 KB
  • #418,035
  • Apr 5, 2011 2:33pm Apr 5, 2011 2:33pm
here is my view of the trend
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 21 KB
  • #418,036
  • Apr 5, 2011 2:45pm Apr 5, 2011 2:45pm
Guys.. I got a question:

If the ECB and World Press is announcing that they will raise rates on Thursday, can we still expect market to go into a crazy buying EUR/USD.. as it seems that it is already priced in..?

If they are announcing it will not become an element of a surprise anymore in my view.. could we see a non-reaction event?
  • #418,037
  • Apr 5, 2011 2:49pm Apr 5, 2011 2:49pm
Quoting Arona
Guys.. I got a question:

If the ECB and World Press is announcing that they will raise rates on Thursday, can we still expect market to go into a crazy buying EUR/USD.. as it seems that it is already priced in..?

If they are announcing it will not become an element of a surprise anymore in my view.. could we see a non-reaction event?
Yes, it will freak out, but you will probably see an opposite reaction to the news... buy the rumor sells the news setup...
  • #418,038
  • Apr 5, 2011 2:54pm Apr 5, 2011 2:54pm
Quoting drumdude
Best of luck to you as well. Never said I am not expecting a retrace....post a chart?
the trendline + the 428 high from months ago have been posted numerous times
Don't have an ego. Always question yourself and your ability.
  • #418,039
  • Apr 5, 2011 2:56pm Apr 5, 2011 2:56pm
Quoting drumdude
There are many great books on proper trading mindset, but in my opinion the best way to ease your mind is to place trades with proper R:R never less than 1.5/1 I like at least 2:1 for my self. Also remember to move stops to BE. Trade higher time frames...they are easier and will yield just as much profit as scalping a 5m chart.
so, what your saying is the lower time scales is not proper mindset as a trader?

that you can give less attention to your business by changeing to higher time scale?

You can pre-deturmine expectation that is how profitable one trade is from another?

and break even stops are proper position management? or just the same mindset as useing higher time scales? or its it to afford to lessen your attention spand on open trades?

Keit
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #418,040
  • Apr 5, 2011 2:56pm Apr 5, 2011 2:56pm
Quoting attila
maybe... maybe not.....

Attachment
It cracks me up how so many here expect a resistance trendline on the weekly just to give on the first hit, without any type of significant pullback. I'm not going to be an ass and say there is no way that it can happen....but it would be exceedingly rare. Personally, until after the hike (which is expected to be 25 bps though we have priced in about 150 bps), I'm sticking to precious metals.

On another note.....where the hell is everybody? Tumbleweeds? Permanently left? Vacation?
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