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The WoRmHoLe

  • #13,421
  • May 26, 2011 1:55am May 26, 2011 1:55am
Quoting AnonYmos
Always interesting trading strategies to be picked up on the EU thread.
Wonderfull R:R
Trade with the momentum
  • #13,422
  • May 26, 2011 1:56am May 26, 2011 1:56am
Quoting Exsilium
I would really appreciate comments on the above analysis. It was well put together.

On another note, quick question:

Ive noticed for a few days now, right around the 24gmt mark that the spread jumps up 20-30 pips (im on ECN) for a couple minutes. Today the Ask stayed pretty much flat, but at the same time the Bid jumped way down 24 pips, then back up, then back down to the same level again.

Can anyone explain whats going on there? Ive lost a few positions just because my stop gets hit on that Bid spike down.

Can it be used as any sort of indicator...

Hmm... speculator and sentiments...Exsilium!! or BROKER'S PROBLEM / MANIPULATE
not really sure...

anyway.. thanks for ur experience.

my USDCHF outlook
http://www.forexfactory.com/showthre...=1#post4645380
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  • #13,423
  • May 26, 2011 1:59am May 26, 2011 1:59am
Quoting sailor68
Look at the last H4, indecision, let see what happen on support 6270-80 also price is on yesterday's high area.
true, I'm kinda positioning to go short actually for today. USDX is stuck @ WP and didn't clear it with a strong downmove. + spinning top on H4 on GU I agree. Also looking to go short on AU since it can't clear WP.
  • #13,424
  • May 26, 2011 2:03am May 26, 2011 2:03am
kiwi fruit right at monthly mid pivot and looks like it can't clear previous high, considering short selling @ 8044. sailor what's your thoughts on this?
  • #13,425
  • May 26, 2011 2:06am May 26, 2011 2:06am
Interesting read for dollar bulls. Concerns only long term prospects but anyways interesting background noise to be aware of as bond mkts are huuge. Trade well folks.

http://www.bloomberg.com/news/2011-0...g-markets.html
  • #13,426
  • May 26, 2011 2:11am May 26, 2011 2:11am
kiwi kinda close to it's all time high - not sustainable chinese investment rumor is pure speculation right now I'd say.
  • #13,427
  • May 26, 2011 2:13am May 26, 2011 2:13am
Quoting sailor68
Hi ruffryders,

Maybe you read it already

http://www.ashraflaidi.com/forex-news/?a=2408
Eu short (stopped last night), first trade of the day Ej bought on the retest of yesterday's high stop at Be TP below monthly S1, after this one don't want to take any long position, look for short entries, end of the week also.
Let see.
Trade with the momentum
  • #13,428
  • May 26, 2011 2:15am May 26, 2011 2:15am
Quoting ruffryders
true, I'm kinda positioning to go short actually for today. USDX is stuck @ WP and didn't clear it with a strong downmove. + spinning top on H4 on GU I agree. Also looking to go short on AU since it can't clear WP.
yes most of them are at important pivots. Might as well wait for them to properly clear at least on the H1 I reckon.
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Thank You
  • #13,429
  • May 26, 2011 2:16am May 26, 2011 2:16am
EJ TP @ 60 sounds like a good plan, it still has more ADR to go today.
  • #13,430
  • May 26, 2011 2:21am May 26, 2011 2:21am
Azim thanks man, good point actually, I got a game plan for today but prolly will wait for momentum build up.
  • #13,431
  • May 26, 2011 2:26am May 26, 2011 2:26am
morning fellas
I don't want a job, i want money!
  • #13,432
  • May 26, 2011 2:32am May 26, 2011 2:32am
Quoting ruffryders
kiwi fruit right at monthly mid pivot and looks like it can't clear previous high, considering short selling @ 8044. sailor what's your thoughts on this?
i closed my Ej long for 30 pips,my plan for kiwi (small position short now) - another pending order below Weekly R2. SL above Weekly R2.
Let see
Trade with the momentum
  • #13,433
  • May 26, 2011 2:41am May 26, 2011 2:41am
Quoting sailor68
i closed my Ej long for 30 pips,my plan for kiwi (small position short now) - another pending order below Weekly R2. SL above Weekly R2.
Let see
Im looking to short sell once PA clears weekly R1 @ 8040 I want PA to take on that tall white candle on H4.
  • #13,434
  • May 26, 2011 2:46am May 26, 2011 2:46am
Hey Sailor, man I figure you pulled out of the EJ too early. I think it's yen playing deception game.

here's the H1 harmonic setup I will look to short sell soon targets on shorts are highlighted.

http://img19.imageshack.us/img19/800/ejh1harmonic.png
  • #13,435
  • May 26, 2011 2:57am May 26, 2011 2:57am
Quoting ruffryders
Hey Sailor, man I figure you pulled out of the EJ too early. I think it's yen playing deception game.

here's the H1 harmonic setup I will look to short sell soon targets on shorts are highlighted.

http://img19.imageshack.us/img19/800/ejh1harmonic.png
guys i envy you... that see patterns everywhere and are able to trade them. This morning i actually have no clue about what to do. The only thing that i can notice is the obvious, GU closed at 6270 and EU reached WP during Asia time and now stuck in between DP and WP. EJ might be again forming a rising wedge or a flag (still it's too late to even call any of these patterns thou).
Sidelines till i don't see anything that i like...
I don't want a job, i want money!
  • #13,436
  • May 26, 2011 3:03am May 26, 2011 3:03am
Dario H1 EJ is doing a bearish gartley that's what I posted. It's a good pattern to trade so might as well check it out!
  • #13,437
  • May 26, 2011 3:08am May 26, 2011 3:08am
Quoting ruffryders
Dario H1 EJ is doing a bearish gartley that's what I posted. It's a good pattern to trade so might as well check it out!
hmmm judging from my style of trading.. i think that even if formed i will pass. Not to say that it won't work out, but i hardly like to short over DP and WP unless we have on the higher TF something rather solid.

Plus i have to admit that i wouldn't even know how to trade what u posted... Where is the TP? where to place the SL?
I don't want a job, i want money!
  • #13,438
  • May 26, 2011 3:13am May 26, 2011 3:13am
Quoting dario1002
hmmm judging from my style of trading.. i think that even if formed i will pass. Not to say that it won't work out, but i hardly like to short over DP and WP unless we have on the higher TF something rather solid.

Plus i have to admit that i wouldn't even know how to trade what u posted... Where is the TP? where to place the SL?
I'd wait for PA to reverse @ 60-80 area and enter @ 57 and TPs are red boxes on the chart. As SL I'd use 20-30 pips at max.
  • #13,439
  • May 26, 2011 3:17am May 26, 2011 3:17am
Quoting ruffryders
I'd wait for PA to reverse @ 60-80 area and enter @ 57 and TPs are red boxes on the chart. As SL I'd use 20-30 pips at max.
so going from particular to general... u wait for price to go up in the last corner of the second triangle and then wait for it to break the triangle on the downside.... with SL over the previous high and first TP where the 2 triangles touch?? am i missing something?

Again... won't trade it unless it met MY style of trading.. but it's always good to know new things
I don't want a job, i want money!
  • #13,440
  • May 26, 2011 3:21am May 26, 2011 3:21am
cable is playing games
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