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  • #424,701
  • Apr 20, 2011 12:06am Apr 20, 2011 12:06am
Quoting FFStudent
Thx for the link

You are Welcome.........
  • #424,702
  • Apr 20, 2011 12:09am Apr 20, 2011 12:09am
Quoting Chicky
I am stuck with a lousy short, as soon as it reaches BE or SL will take rest of the week off. Cannot afford that much screen time.
Sorry about that brother, hope that the trade works out well for you
Thank You
  • #424,703
  • Apr 20, 2011 12:11am Apr 20, 2011 12:11am
Quoting wormboy
That's what clogg's been banging on about earlier to those that had been persistently selling into the strong upmove instead of waiting for it to properly turn before doing it & I agree with him. Probably some here are a bit sensitive, but knowing him, I know he meant well (in his own way )
Not all Dutch are high on space cakes all the time see. Take it easy everyone
Cheers Wormie I saw loads of reasons to buy after that channel and the only one to sell was that it had been in a downtrend. Meanwhile, 95 pips later...
  • #424,704
  • Apr 20, 2011 12:15am Apr 20, 2011 12:15am
Quoting Julexo
Nearly there....

This analysis was excellent...
  • #424,705
  • Apr 20, 2011 12:18am Apr 20, 2011 12:18am
Damm here I was getting bored at work and all this entertainment was happening in this thread.

In one corner the stupendously clueless talentfx and johnny-something persisting with their short calls in the face of overwhelming evidence to the contrary and in the other corner Cloggie going-blue-in-the-face abusing them all the while falling over backwards trying to point out that he is awesome and goddammit why won't you philistines acknowledge his super-duper-ness?

Very amusing! Twee should charge an entertainment surcharge for this thread.

Back to business, another momentum killing asian session so far. I have closed all my positions and I'll wait for LO to give next signal unless a trend forms in the meantime. Personally I feel there is an top forming here and a retrace to the 42xx is in order. But waiting for LO in any case.
We're all stories in the end. Just try to make it a good one.
  • #424,706
  • Apr 20, 2011 12:20am Apr 20, 2011 12:20am
my view according to h4 thick green line.1.4503 at least is key. bought the dip @ 1.4243. be back later for london ny
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdhourly.gif Size: 24 KB
  • #424,707
  • Apr 20, 2011 12:21am Apr 20, 2011 12:21am
Morning All,

Nice to wake up to some green pips!
Firstly, Gator and Clogs are DA MAN!

Gator, Great Call on the upside to 64. I traded it too but chickened out when it went towards 84... BUT! I did'nt take a longer term SHORT. In fact I placed an order to short at 84 but cancelled it cos after thinking about it...Clogs is damn right. Look for reasons for market to continue... not reverse. Someone else posted a response to Gator to that effect. PinoyBoy (hiya pare ko! ) also posted to the upside to 4404.... funny how these numbers of 20 pip multiples keep on coming up. So traded LONG @ 361 TP 397 (no need to be greedy) and went to bed.

Am now flat.

Clogs, thx for all your help on my trading. I'll never forget these lessons!
A pip is only worth it if you know how much you risked to earn it
  • #424,708
  • Apr 20, 2011 12:21am Apr 20, 2011 12:21am
"Ship High In Transit" (commonly known by its abbreviation) is about to hit the fan. The fan is 1.4400
The Thief of Wall Street
  • #424,709
  • Apr 20, 2011 12:23am Apr 20, 2011 12:23am
A test of the 4364 are would not surprise me before London opens up. Might look for a spot to buy there, and then a move back towards 4409. A break of 4340, with a good bear candle and might then look for short for lower.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.gif Size: 26 KB
Look Sharp/Trade Tight
  • #424,710
  • Apr 20, 2011 12:24am Apr 20, 2011 12:24am
Quoting Traderji
Damm here I was getting bored at work and all this entertainment was happening in this thread.

In one corner the stupendously clueless talentfx and johnny-something persisting with their short calls in the face of overwhelming evidence to the contrary and in the other corner Cloggie going-blue-in-the-face abusing them all the while falling over backwards trying to point out that he is awesome and goddammit why won't you philistines acknowledge his super-duper-ness?

Very amusing! Twee should charge an entertainment surcharge for this thread.

Back...
Dude - don't start on me calling me clueless - look at my charts and posts. Look at talentfx charts and posts. Bloggie is 99% ranter - 1% advisor. So please - don't call me clueless and don't insult me.

Thank you
  • #424,711
  • Apr 20, 2011 12:27am Apr 20, 2011 12:27am
Quoting Traderji
..
Very amusing! Twee should charge an entertainment surcharge for this thread....
I thought you were the penalty
The Thief of Wall Street
  • #424,712
  • Apr 20, 2011 12:28am Apr 20, 2011 12:28am
Quoting Traderji
Personally I feel there is an top forming here and a retrace to the 42xx is in order. But waiting for LO in any case.
I thought I saw the D1 bottomed out with that piercing pattern ard 42xx.
Dammit you & I have lying eyes
Attached Image
Thank You
  • #424,713
  • Apr 20, 2011 12:34am Apr 20, 2011 12:34am
so euro is unlikely to visit its daily open at 1.4340?
  • #424,714
  • Apr 20, 2011 12:35am Apr 20, 2011 12:35am
Quoting PayTheLimit
A test of the 4364 are would not surprise me before London opens up. Might look for a spot to buy there, and then a move back towards 4409. A break of 4340, with a good bear candle and might then look for short for lower.

I got 4382 as the H1 barrier for a bear move with support at 4347.
Attached Image
We're all stories in the end. Just try to make it a good one.
  • #424,715
  • Apr 20, 2011 12:40am Apr 20, 2011 12:40am
Tech:
I choose to see on closed bars in London time zone, on any time frame. When I draw a lower trend line on the daily, it was broken on Monday and still serve as a support as the daily yesterday did not close above the line again. Today has not yet closed, so for me it is not broken, even if we are above the line at the moment. We are at daily r1 and (when looking at closed price on the 4h chart, wich I trade off) on the 61,8fib for retracement.

Fund:
S&P AAA/A-1+ rating of the US are still intact, it was a "downgrade" from stabile to unstabile with a 33% chance of being downgraded in the next 2-3 years, at least this is how I have read it. The EU economy are still shaky, latest yesterday Portugal applied the EU for a 80 billion euro bailout deal. We have home sales coming out today, with a predicted positive figure.

Trade:
Short 1.4390
Tp 1.4250 (daily s1 and near the two last days daily close 1.4230ish)
Sl 1.4460 (50% of tp level)
Kjellik74
  • #424,716
  • Apr 20, 2011 12:41am Apr 20, 2011 12:41am
Quoting Traderji
I got 4382 as the H1 barrier for a bear move with support at 4347.
Don't disagree, its just that those two large bars from Asia will probably have some buyers lurking in them.
Look Sharp/Trade Tight
  • #424,717
  • Apr 20, 2011 12:45am Apr 20, 2011 12:45am
dilemma. we closed 2h ago above 85.. at 4399... we have since closed the last h below 4399..
i went back and did the next bull wave.. it came up with 4411..
we usually pullback after. so i did a bear wave and came up with 4296.9 im not saying we go there.. but the mid is usually reached.. the mid is at 4355. i post this before the mid.. is reached just in case.. anyway this is some math i do.. the 4309 one would still valid. this one is below 4310.. an old breakout level...4385 is also a old breakout level.. and would probably be support/res.. 4399 would be the st resistance. dont trade this.. its just an observation.
those who can, do. those who cant, talk about those who can
  • #424,718
  • Apr 20, 2011 12:55am Apr 20, 2011 12:55am
Quoting wormboy
I thought I saw the D1 bottomed out with that piercing pattern ard 42xx.
Dammit you & I have lying eyes

Yesterday's upward did carry us past 50% of the day 1 down. D1 may well be bullish. No foul still make some pips off H1 though
We're all stories in the end. Just try to make it a good one.
  • #424,719
  • Apr 20, 2011 12:58am Apr 20, 2011 12:58am
Quoting gatorinla
dilemma. we closed 2h ago above 85.. at 4399... we have since closed the last h below 4399..
i went back and did the next bull wave.. it came up with 4411..
we usually pullback after. so i did a bear wave and came up with 4296.9 im not saying we go there.. but the mid is usually reached.. the mid is at 4355. i post this before the mid.. is reached just in case.. anyway this is some math i do.. the 4309 one would still valid. this one is below 4310.. an old breakout level...4385 is also a old breakout level.. and would probably be support/res.....
gator, what do you see below 4296, do you have anything in the 4239/63 area, thanks PTL
Look Sharp/Trade Tight
  • #424,720
  • Apr 20, 2011 1:00am Apr 20, 2011 1:00am
Quoting Chicky
I am stuck with a lousy short, as soon as it reaches BE or SL will take rest of the week off. Cannot afford that much screen time.
Closed the lousy short at BE +1/2 pip.
Nice non-lousy shorts still open. SL well above 1.4450.
I can sleep now.
The Thief of Wall Street
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