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EURUSD

  • #428,601
  • Apr 26, 2011 7:47am Apr 26, 2011 7:47am
Hi there,

took out a small long of 12 pips from 1.4623.

Have the following trades on queue:

Long @ 1.4654 w/ TP at 1.4672

Short @ 1.4594 w/ TP at 1.4578.


good luck everyone
  • #428,602
  • Apr 26, 2011 7:48am Apr 26, 2011 7:48am
at the risk of sounding like talentfx, i have a serious feeling this is going down.
The dreamers are the saviors of the world.
  • #428,603
  • Apr 26, 2011 7:50am Apr 26, 2011 7:50am
Quoting behman8850
Thank you, sir!
Another look . Channel

Lets see
Attached Image (click to enlarge)
Click to Enlarge Name: 166 15m 4-26-11.gif Size: 13 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #428,604
  • Apr 26, 2011 7:50am Apr 26, 2011 7:50am
Quoting AriX3
at the risk of sounding like talentfx, i have a serious feeling this is going down.
don't worry - yout R:R ratio is 1:1 !
  • #428,605
  • Apr 26, 2011 7:50am Apr 26, 2011 7:50am
we need a good shakeout so we can stop pissing around 1.4600
  • #428,606
  • Apr 26, 2011 7:50am Apr 26, 2011 7:50am
Quoting behman8850
Thank you, wormboy!
No problemo!
Thank You
  • #428,607
  • Apr 26, 2011 7:51am Apr 26, 2011 7:51am
Quoting AriX3
at the risk of sounding like talentfx, i have a serious feeling this is going down.
Well to me it seems it's getting ready to break out to the top... news coming soon too.
Attached Image
  • #428,608
  • Apr 26, 2011 7:52am Apr 26, 2011 7:52am
Quoting samdani786
Another look . Channel

Lets see

i like the background
  • #428,609
  • Apr 26, 2011 7:52am Apr 26, 2011 7:52am
Quoting samdani786
Another look . Channel

Lets see

Thats a very nice buy signal you have there enjoying it?
  • #428,610
  • Apr 26, 2011 7:52am Apr 26, 2011 7:52am
Quoting PhAnTi'


also check ATR and possible range.

I'm more incline to think this is another round of range play.
  • #428,611
  • Apr 26, 2011 7:53am Apr 26, 2011 7:53am
Quoting wormboy
Cheers mate



I agree mate, it really isn't that far at all. But, I've always just traded within my levels, & right now it max out @ 1.48
agree mate, even we are at the top of daily ATR, but today is A breakout day and looking at the last few days bars [as contractions] we may see a 200p day very easy ..

step by step
  • #428,612
  • Apr 26, 2011 7:54am Apr 26, 2011 7:54am
Quoting Larseg
we need a good shakeout so we can stop pissing around 1.4600
Exactly what I was thinking. I was a little annoyed to see price right back into this range when I woke up this morning.

Leave it to the London D Bags to do that... lol
  • #428,613
  • Apr 26, 2011 7:57am Apr 26, 2011 7:57am
*PARAMO: GREEK RESTRUCTURING WOULD BE WORSE THAN LEHMAN COLLAPSE

Dear all : what effect will this have on the EUR and USD?
  • #428,614
  • Apr 26, 2011 8:00am Apr 26, 2011 8:00am
Quoting Venice
Exactly what I was thinking. I was a little annoyed to see price right back into this range when I woke up this morning.

Leave it to the London D Bags to do that... lol
When 1.4648 broke it penetrated with 3-4 pips leaving us with uncertainty (probably for a reason). If we hadnt broken it, more traders would have shorted but now since its broken we are all long and thats not really going to work... or is it?

I would rather see a down move to 1.4540 before 1.4700..........compared to a now possible 1.4700 before 1.4620...
  • #428,615
  • Apr 26, 2011 8:00am Apr 26, 2011 8:00am
Quoting EdgarNg
*PARAMO: GREEK RESTRUCTURING WOULD BE WORSE THAN LEHMAN COLLAPSE

Dear all : what effect will this have on the EUR and USD?
knee jerk 100 pip tank then a new high if recent history is anything to go by, this rally is all dollar side, fomc tomorrow should be interesting...
  • #428,616
  • Apr 26, 2011 8:00am Apr 26, 2011 8:00am
Quoting EdgarNg
*PARAMO: GREEK RESTRUCTURING WOULD BE WORSE THAN LEHMAN COLLAPSE

Dear all : what effect will this have on the EUR and USD?
think about where greek is located. now think about the lehman brother collapse. now think worse.
The dreamers are the saviors of the world.
  • #428,617
  • Apr 26, 2011 8:01am Apr 26, 2011 8:01am
Quoting EdgarNg
*PARAMO: GREEK RESTRUCTURING WOULD BE WORSE THAN LEHMAN COLLAPSE

Dear all : what effect will this have on the EUR and USD?
nothing..

Everyone knows that Greece was [is] bankrupt last 40Y, and it is their business where they are investing..

but eventually USD ratting downgrade would make a big moves on markets.. similar to Lehman and Bears..
  • #428,618
  • Apr 26, 2011 8:04am Apr 26, 2011 8:04am
Can you see 4597 up 4619 =22 pips
Retrace 4619 down 4610 =9 pips
4610 up 4642 =32pips
NOW retrace =?
Here is the hard part lol ,can you stay in till :-

4642 deduct 16 = 1.4626 for most this is the hard part and is the biggist hurdle .
This is only 5 minute time frame ,ask yourself could you do this on hourly were the pips are far more ,the 50% level could be 50 pips could you stay in .

Try to stay in ,is less risk than getting out and re-entering .
Risk up to 50% of move and still can exit in profit.
If it breaks the high just monitor the legs up and if you see say a 60 pip leg up ,decide is the 30 pip retrace worth the risk of potential multiple up legs ,
making green pips large and red pips small this is my goal.
  • #428,619
  • Apr 26, 2011 8:05am Apr 26, 2011 8:05am
Quoting Piters
nothing..

Everyone knows that Greece was [is] bankrupt last 40Y, and it is their business where they are investing..

but eventually USD ratting downgrade would make a big moves on markets.. similar to Lehman and Bears..
us dollar will collapse this year. euro will have a lot of problems as well but still dominating the dollar.

just my 2 cents
Hero calls followed by margin calls...
  • #428,620
  • Apr 26, 2011 8:05am Apr 26, 2011 8:05am
Quoting Piters
agree mate, even we are at the top of daily ATR, but today is A breakout day and looking at the last few days bars [as contractions] we may see a 200p day very easy ..

step by step
Yup, can't disagree with you really.
My H1 had just closed a continuation pattern ... so let's see if we do get that 200 pipper
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