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EURUSD

  • #426,201
  • Apr 21, 2011 1:23am Apr 21, 2011 1:23am
Quoting CandleStar
Didnīt you say you never buy into resistance?
Maybe this isnīt one, we will see.
There are always 2 scenarios at the extreme point. If it breaks out, you buy. If it doesn't you sell.

This one is a breakout.
  • #426,202
  • Apr 21, 2011 1:25am Apr 21, 2011 1:25am
Quoting the redlion
you rode the trend.

i do that sometimes but how do minimize exposure on your overnights?

im curious to know.

i dare not leave overnights unless i close most of my positions and just carry over a minimal. with plenty of cash on the house.
You don't, either put a trailing stop or just sleep with fear that it will retrace and wipe out all your profits. I prefer method 1. Though... i wish I could perfect the art of trailing stopping. But its better than sleeping in fear
  • #426,203
  • Apr 21, 2011 1:25am Apr 21, 2011 1:25am
My charts are still showing this is headed for 4911 with a few pit stops for gas along the way( 4662, 4756, 4826) and if you want you can take the 50 fib between each of those targets to play with...
  • #426,204
  • Apr 21, 2011 1:26am Apr 21, 2011 1:26am
Quoting T@rantula
Current update:

EU + 13 pips Cable: +12 pips.

Fast 25 pips in the morning.

Good Morning!

What is your target Tarantel?

I think we should run out of steam soon ...

Maybe a retracement should be seen as long as 1.4648 has not been crossed ...

Possibly a retrace down towards 1.4486 or 1.4460 - 1.4427 in case of an extention ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #426,205
  • Apr 21, 2011 1:28am Apr 21, 2011 1:28am
Quoting CandleStar
Didnīt you say you never buy into resistance?
Maybe this isnīt one, we will see.
Exactly. I only buy when resistance has become support.
  • #426,206
  • Apr 21, 2011 1:28am Apr 21, 2011 1:28am
Euro is in a one sided trade, indicating a major reversal setting up. it will happen on the easter sunday trading or for sure next week it will one sided trade to the downside. there will be no opportunity in averging.
  • #426,207
  • Apr 21, 2011 1:28am Apr 21, 2011 1:28am
Quoting Wulfgar
My charts are still showing this is headed for 4911 with a few pit stops for gas along the way( 4662, 4756, 4826) and if you want you can take the 50 fib between each of those targets to play with...
not to be rude but your charts are full of assuptions.

dont predict.... based on colorful squiggly lines.

right now its at 1.46050 thats all i know, i agree there is upside biased d/t continued dollar weakness with

MR Bernanke dovish
AVT INVENIAM VIAM AVT FACIAM
  • #426,208
  • Apr 21, 2011 1:29am Apr 21, 2011 1:29am
Good Morning folks!

Whats goin on? I became a shock when i saw the rocket up in asian session on EU. Missed the 100 pips move.

Its strange, but the way is more up..see chart.. i will only trade the EUR & GBP news.
Attached Image
  • #426,209
  • Apr 21, 2011 1:30am Apr 21, 2011 1:30am
Holy hell....

http://www.zerohedge.com/article/oil...ts-oil-exports

This is gonna get n'terest'n
  • #426,210
  • Apr 21, 2011 1:32am Apr 21, 2011 1:32am
Quoting PriceVolume
Hey PTL.....how's tricks? Anybody in silver at the moment? Gotta confess, I was expecting the beat down from this afternoon to continue...damn it's a tough S.O.B. Blythe and the Morgue need to come through over the holidays so I can buy more physical at a discount.....
Lol, a budy of mine, who I haven't talked to in years called me last nite and asked me if I had any $5 calls still left, the last time I traded the stuff was around $4.50 an ounce. Guess I should have kept a runner on, lol...
Look Sharp/Trade Tight
  • #426,211
  • Apr 21, 2011 1:32am Apr 21, 2011 1:32am
Quoting mercy seat
Good Morning!

What is your target Tarantel?

I think we should run out of steam soon ...

Maybe a retracement should be seen as long as 1.4648 has not been crossed ...

Possibly a retrace down towards 1.4486 or 1.4460 - 1.4427 in case of an extention ...




;-|
Hey Mercy, 4642 could be the intraday target
  • #426,212
  • Apr 21, 2011 1:33am Apr 21, 2011 1:33am
Quoting thelws
You don't, either put a trailing stop or just sleep with fear that it will retrace and wipe out all your profits. I prefer method 1. Though... i wish I could perfect the art of trailing stopping. But its better than sleeping in fear
If you ever use trailing stop, i would set it on 20-25 pips. As an example on EU ystday, it move in 15-20 pips area by area so you'll have 5 pips to avoid being stop out while able to ride on the trend if continuation happen like flag,pennant,wedge.
Make it rain baby
  • #426,213
  • Apr 21, 2011 1:35am Apr 21, 2011 1:35am
Quoting fxkiller
Good Morning folks!

Whats goin on? I became a shock when i saw the rocket up in asian session on EU. Missed the 100 pips move.

Its strange, but the way is more up..see chart.. i will only trade the EUR & GBP news.
dont worry my friend there has been 556 pips TR this month alone, plenty of opportunities for profit
AVT INVENIAM VIAM AVT FACIAM
  • #426,214
  • Apr 21, 2011 1:35am Apr 21, 2011 1:35am
Quoting PayTheLimit
Lol, a budy of mine, who I haven't talked to in years called me last nite and asked me if I had any $5 calls still left, the last time I traded the stuff was around $4.50 an ounce. Guess I should have kept a runner on, lol...
LOL. Well, if the COMEX defaults on delivery, paper goes to zero. The physical stuff, however.......
  • #426,215
  • Apr 21, 2011 1:36am Apr 21, 2011 1:36am
Quoting T@rantula
Buying EU 4595 s/l 4573, cable bought 6450 s/l 6424 TP open
Update: + 25 pips on cable + 20 on fiber.

+45 pips in 15 mins. Now lets rock and roll
  • #426,216
  • Apr 21, 2011 1:36am Apr 21, 2011 1:36am
Quoting PayTheLimit
well we have pushed through another level of mine, but in lackluster fashion as well as no confirmation from the 4hr yet..in any event I have 4600/12 as my next level, am passing on the buy here.
if we clear this level, I have 4644/4668 next...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.gif Size: 25 KB
Look Sharp/Trade Tight
  • #426,217
  • Apr 21, 2011 1:37am Apr 21, 2011 1:37am
Quoting the redlion
not to be rude but your charts are full of assuptions.

dont predict.... based on colorful squiggly lines.

right now its at 1.46050 thats all i know, i agree there is upside biased d/t continued dollar weakness with

MR Bernanke dovish
Im a long term channel trader and I trade what I see. the market will do what it wants and i am ready either way... if it goes back down then I have levels along that way I look at levels of contention( numbers which repeat mathematically over time or clusters) to play off of.
Currently i have several positions on EU long from 1.2002 on up and we are currently in the middle of a large monthly channel which goes from about 1.3728 to 1.4911 with many many channels in between them


and fyi I actually dont even use candlesticks or anything to trade. I trade purely by mathmatical analysis and pages of numbers(aka my "charts").

my friends call me rainman....lol!


but to each thier own my friend and I hope we all make lots and lots of pips!
  • #426,218
  • Apr 21, 2011 1:39am Apr 21, 2011 1:39am
Quoting FxPlayboy
If you ever use trailing stop, i would set it on 20-25 pips. As an example on EU ystday, it move in 15-20 pips area by area so you'll have 5 pips to avoid being stop out while able to ride on the trend if continuation happen like flag,pennant,wedge.
The thing about trailing stops is that it can be too tight sometimes. a 30 pip trail is easily hit. Just take EU today for example. If I had shorted, I'd probably be stopped out now with a 30 pip SL. Its that easy to get hit.

Problem is... putting a too large trail is almost equivalent to just setting at breakeven. Well, this one is still a lesson in progress. Maybe one day I'll find a good way to use trails.
  • #426,219
  • Apr 21, 2011 1:39am Apr 21, 2011 1:39am
Quoting T@rantula
Hey Mercy, 4642 could be the intraday target
Oki-Doki ... thanx for reply ...

Yes ... makes sense ... but I am alarmed at the moment as I think that we are starting to go for the short side soon ...

I will start short side soon ... maybe for another test of todays daily low ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #426,220
  • Apr 21, 2011 1:39am Apr 21, 2011 1:39am
Quoting T@rantula
Update: + 25 pips on cable + 20 on fiber.

+45 pips in 15 mins. Now lets rock and roll

Let's fly
Make it rain baby
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