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EURUSD

  • #423,461
  • Apr 18, 2011 11:55am Apr 18, 2011 11:55am
Quoting johnnyrei
I really don't like when it happens - it made me spit Cherry Coke on my mouse!
Dammit! I just puked out my nose...all over my good shirt!
  • #423,462
  • Apr 18, 2011 11:56am Apr 18, 2011 11:56am
  • #423,463
  • Apr 18, 2011 11:57am Apr 18, 2011 11:57am
Quoting kenfen69
Dammit! I just puked out my nose...all over my good shirt!
OK OK ... stop! i can't stop laughing. Cloggie you got to warn us next time
  • #423,464
  • Apr 18, 2011 11:58am Apr 18, 2011 11:58am
Take it in the face
  • #423,465
  • Apr 18, 2011 11:59am Apr 18, 2011 11:59am
Quoting PoundTrader
Take it in the face
Wrong forum, fella!
  • #423,466
  • Apr 18, 2011 12:05pm Apr 18, 2011 12:05pm
Quoting T@rantula
Ill be looking to sell EU today, as probably we are in correction zone. It looks as MAT HOLD pattern is developing on weekly chart thus it could be a pullback before continuation. Anyway weekly suggests selling EU at this moment. Daily opened below 10 SMA, suggesting selling also.

My strategy is to short this pair today.

I posted this 10h ago. Its the evidence that you dont need any fundie trigger to go short/long.

Candles are THE BEST supply/demand indicator along with some MAs and chart setups.

Just for a reminder.
  • #423,467
  • Apr 18, 2011 12:05pm Apr 18, 2011 12:05pm
closed all longs.
  • #423,468
  • Apr 18, 2011 12:06pm Apr 18, 2011 12:06pm
Quoting talentfx
LOL RIGHT.......
Thank you for your contribution. Ignore list...
  • #423,469
  • Apr 18, 2011 12:07pm Apr 18, 2011 12:07pm
Quoting attila
closed all longs.
Well played!
  • #423,470
  • Apr 18, 2011 12:10pm Apr 18, 2011 12:10pm
Quoting kenfen69
Well played!
could still go up on that bear flag into the 50 supply area before anything else happens.
  • #423,471
  • Apr 18, 2011 12:13pm Apr 18, 2011 12:13pm
Quoting attila
could still go up on that bear flag into the 50 supply area before anything else happens.
Yep. I'm watching 4250 and 4270. Small short in play for now, but will assess and add at higher levels if opportunity presents itself.
  • #423,472
  • Apr 18, 2011 12:15pm Apr 18, 2011 12:15pm
Quoting attila
could still go up on that bear flag into the 50 supply area before anything else happens.
yes, it's too early to close
  • #423,473
  • Apr 18, 2011 12:20pm Apr 18, 2011 12:20pm
MN Pivot forming

May take any shorts down to monthly short targets. Will update as we go.
Attached Image (click to enlarge)
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  • #423,474
  • Apr 18, 2011 12:21pm Apr 18, 2011 12:21pm
Quoting T@rantula
..... Its the evidence that you dont need any fundie trigger to go short/long.

Just for a reminder.
I hope trading is going good. Just a quick comment on your last post.

You are generalizing mate and it will depend on one perspective. A fundie trigger, triggered your TA today in the first place!!! ... but I agree that it is irrelevant most of the time if you are intraday trading below H4 as you clearly and successfully have been posting today.

Your approach is 100% valid and you don't need a fundie trigger, but there are a lot more traders around including me that also play with longer swings and FA plays (btw, lately has been almost impossible I would say with this pair) and a "fundie" trigger is a must to hold a position open with a larger risk.... just my 2 cents in case some newcomers can be mislead believing that there is only one valid way in trading.

In any case, read your earlier post, nice call on the general direction before the move caught momentum in the morning.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #423,475
  • Apr 18, 2011 12:26pm Apr 18, 2011 12:26pm
Quoting AllyB
what a mess cloggie has made!
Cloggie should pay us 50% of his profits for cleaning services...
  • #423,476
  • Apr 18, 2011 12:29pm Apr 18, 2011 12:29pm
Quoting johnnyrei
Cloggie should pay us 50% of his profits for cleaning services...
Cloggie are you listening? seems only fair
  • #423,477
  • Apr 18, 2011 12:38pm Apr 18, 2011 12:38pm
Wow the bears took control after 240 h1 ema bounce.

Bears in control for another day... is this the dip before we head to 1.5?
  • #423,478
  • Apr 18, 2011 12:48pm Apr 18, 2011 12:48pm
Quoting sisse
I hope trading is going good. Just a quick comment on your last post.

You are generalizing mate and it will depend on one perspective. A fundie trigger, triggered your TA today in the first place!!! ... but I agree that it is irrelevant most of the time if you are intraday trading below H4 as you clearly and successfully have been posting today.

Your approach is 100% valid and you don't need a fundie trigger, but there are a lot more traders around including me that also play with longer swings and FA plays (btw, lately has been almost impossible...

Thanx Sisse, that fundie trigger is written in candle patterns and charts. Everything that is happening is being written, the past and the present.

By reading the charts correctly we determine our entries and by applying MM and r:r we apply our exits scaling in/out.

I dont use "classic" trading systems and I d never advise a newbie to trade one.

Thats why I advise everyone not just newbies to read and pay attention to Nison, and John Bollinger books as they really give a good basic and advanced ( even expert I dare to say) knowledge what is going on here.
T
  • #423,479
  • Apr 18, 2011 12:49pm Apr 18, 2011 12:49pm
Attached Image (click to enlarge)
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  • #423,480
  • Apr 18, 2011 12:58pm Apr 18, 2011 12:58pm
+139 ( 13 x 12) -17

+19.5%

MTD +496

+59.2%

Compounding factor 1.4 used today


CRB setting 20 on charts
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Apr. 18 19.49.jpg Size: 93 KB
" Never let the past hold the future to ransom "
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