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  • #437,881
  • May 8, 2011 7:56am May 8, 2011 7:56am
We dont want to go thinking its the end of the EU just yet. We need to take a look at Oil and gold and the levels they are currently trading at. This could be nothing more than a pull back for EU, Gold and oil.
Attached Image (click to enlarge)
Click to Enlarge Name: Oil Daily.gif Size: 10 KB
Attached Image
  • #437,882
  • May 8, 2011 7:58am May 8, 2011 7:58am
Quoting FibbinArchie
So you're saying we are already at key daily TL resistance on DXY then PC?
Yes Fib..thats what I am saying so we really want to be careful shorting until we have daily closes below those levels. At this point, re run the risk of EU taking out the hi's "UNLESS" those levels are broken and confirmed on the oil, gold AND EU.
  • #437,883
  • May 8, 2011 8:01am May 8, 2011 8:01am
For me, I will wait a day or two to trade until I see if the dailies form a bottom OR if they close below the mentioned levels. So if in fact we do form a bottom then I will look for long opportunities on the smaller TF and if we close below those levels then I will look for short entries on the smaller TF but I think the current price is risky unless one is just scalping.
  • #437,884
  • May 8, 2011 8:03am May 8, 2011 8:03am
Hey guys, I'm trying to get in touch with Cloggie. If anyone knows his email or a way to contact him, would you please PM me. Thanks!!!
  • #437,885
  • May 8, 2011 8:05am May 8, 2011 8:05am
Quoting PipChick
For me, I will wait a day or two to trade until I see if the dailies form a bottom OR if they close below the mentioned levels. So if in fact we do form a bottom then I will look for long opportunities on the smaller TF and if we close below those levels then I will look for short entries on the smaller TF but I think the current price is risky unless one is just scalping.
I for one will be in scalping mode, however, having just done a brief evaluation of EU levels, I reckon there is space for a further 100 pip tank, before we're running right into the middle of what looks like a very strong demand zone (based on previous price action - study done on H4), let's see...
  • #437,886
  • May 8, 2011 8:12am May 8, 2011 8:12am
Quoting FibbinArchie
I for one will be in scalping mode, however, having just done a brief evaluation of EU levels, I reckon there is space for a further 100 pip tank, before we're running right into the middle of what looks like a very strong demand zone (based on previous price action - study done on H4), let's see...
Yep, there is that possibility
  • #437,887
  • May 8, 2011 8:15am May 8, 2011 8:15am
Quoting PipChick
Yep, there is that possibility
that's just on the EU chart, not considering DXY, your chart adds another element to the mix...
  • #437,888
  • May 8, 2011 8:19am May 8, 2011 8:19am
Quoting FibbinArchie
that's just on the EU chart, not considering DXY, your chart adds another element to the mix...
Yes it seems like all of the charts are lined up and keeping an eye on them will guide the direction I think.
  • #437,889
  • May 8, 2011 8:23am May 8, 2011 8:23am
Quoting PipChick
We dont want to go thinking its the end of the EU just yet. We need to take a look at Oil and gold and the levels they are currently trading at. This could be nothing more than a pull back for EU, Gold and oil.
Is that an older chart ?
My TL was at least 140pips busted...
Attached Image
  • #437,890
  • May 8, 2011 8:26am May 8, 2011 8:26am
Quoting FibbinArchie
Yeah they are a regular support act for any of Weller's tour dates...

Kentish Town is a great vibrant community, but depends what you want, the city life or a place in the country?
Going to go shoot the horses

Ah, sh*t never used a Gun in my life
All systems of divination, like music itself,work through patterns.
  • #437,891
  • May 8, 2011 8:47am May 8, 2011 8:47am
Quoting kaspopsicle
Going to go shoot the horses

Ah, sh*t never used a Gun in my life
lol...
  • #437,892
  • May 8, 2011 8:58am May 8, 2011 8:58am
Quoting PipChick
For me, I will wait a day or two to trade until I see if the dailies form a bottom OR if they close below the mentioned levels. So if in fact we do form a bottom then I will look for long opportunities on the smaller TF and if we close below those levels then I will look for short entries on the smaller TF but I think the current price is risky unless one is just scalping.
brilliant guidance for scalpers and position alike. Thank you.
All systems of divination, like music itself,work through patterns.
  • #437,893
  • Edited 9:40am May 8, 2011 9:01am | Edited 9:40am
Quoting budak baru
hello guys.im looking for bullish continuation at this area to 1.5 zone.This view is invalid if demand area break.Happy trading.
me too so far even a daily level reversal happened with great strength , now on daily support 1.4326, above H4 support 4204 next correspond to daily weekly pullback/ breakout tl & daily, weekly sr 4084 next correspond to channel bottom & even breakout possible if not stop by this time .in that case may consider 1.3861 limit . anyway still in bull after the pullback over probable .1.4157 may be one level to observe , monthly open , close .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #437,894
  • May 8, 2011 9:05am May 8, 2011 9:05am
USDx might already been broken upwards?

At least looks close to it (daily):
Attached Image (click to enlarge)
Click to Enlarge Name: USDx_index.jpg Size: 124 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #437,895
  • May 8, 2011 9:30am May 8, 2011 9:30am
Quoting prezd


Let's get it in the open:

who's short and who's long ?
Guys I have a problem! Please help!
I have 10 positions in long since 1. 4837 untill 1.45603 area and 15 short positions . from 1.43798 untill 1.43365 area.What to do?
Ill really appreciate any advices from experienced serious trader friends.
Thanks.
  • #437,896
  • May 8, 2011 9:32am May 8, 2011 9:32am
Quoting prezd


Let's get it in the open:

who's short and who's long ?
Im short if it helps you anyway small SL of 20pips @ 4365 last price seen before close was 4323
  • #437,897
  • May 8, 2011 9:33am May 8, 2011 9:33am
Quoting behman8850
Guys I have a problem! Please help!
I have 10 positions in long since 1. 4837 untill 1.45603 area and 15 short positions . from 1.43798 untill 1.43365 area.What to do?
Ill really appreciate any advices from experienced serious trader friends.
Thanks.
what do you mean long from 4837 until 4560 ??

did you close at 4560 ?
  • #437,898
  • May 8, 2011 9:37am May 8, 2011 9:37am
dipping lower, atm 43060
  • #437,899
  • May 8, 2011 9:40am May 8, 2011 9:40am
Quoting behman8850
Guys I have a problem! Please help!
I have 10 positions in long since 1. 4837 untill 1.45603 area and 15 short positions . from 1.43798 untill 1.43365 area.What to do?
Ill really appreciate any advices from experienced serious trader friends.
Thanks.
Stop averaging your entry, all you are doing is increasing risk...

Stop moving your stops, they are designed to avoid exactly this situation...
  • #437,900
  • May 8, 2011 9:40am May 8, 2011 9:40am
Quoting prezd
what do you mean long from 4837 until 4560 ??

did you close at 4560 ?
All positions are open as I NEVER put a Stoploss on any of my trades whether short or long. I have longed from 4837 upto 4560 thinking it will go back up!. Like wise i have started shorting it .
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