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EURUSD

  • #450,141
  • May 26, 2011 3:11pm May 26, 2011 3:11pm
ummm...define end of day?.....I seem to only be able to describe that on Fridays....LOL


Quoting Venice
Ending the day positive consistently already puts you in the top % of traders. lol
  • #450,142
  • May 26, 2011 3:11pm May 26, 2011 3:11pm
Quoting gatorinla
bbl s/l at 41425

looking for below 4057.3 close at 00 est.. well it what bears need for a b/o on the day.
my 4060 TP . .. good stop loss yours. ok i change to 4142. i like your stop
looking for investors . pm me
  • #450,143
  • May 26, 2011 3:12pm May 26, 2011 3:12pm
Quoting Gleneagles
Working from 15M chart is not as reliable as 5M chart, the levels are often overrun because a 15M candle can sssttrrreetcchh a long way when the markets are trending
looks complicated eagle eye
  • #450,144
  • May 26, 2011 3:15pm May 26, 2011 3:15pm
got to run and get my hair cut ... trade well and will catch ya all later
  • #450,145
  • May 26, 2011 3:15pm May 26, 2011 3:15pm
Quoting PayTheLimit
80's...for sure..
old farts!

Don't have an ego. Always question yourself and your ability.
  • #450,146
  • May 26, 2011 3:18pm May 26, 2011 3:18pm
time to signoff.. GN all happy trading
  • #450,147
  • May 26, 2011 3:18pm May 26, 2011 3:18pm
Quoting PayTheLimit
for me a healthy close above 4110 should provide a relief rally...a failure to do so keeps even the swing lows on the table...
healthy?
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 17 KB
Look Sharp/Trade Tight
  • #450,148
  • May 26, 2011 3:18pm May 26, 2011 3:18pm
Quoting RamsesII
old farts!

it creeps up on ya...
  • #450,149
  • May 26, 2011 3:18pm May 26, 2011 3:18pm
Quoting AllyB
it just feels good to find a system that fits your style and trading level....
perfectly fine. what I'm implying isn't really longer term trades, but the drop today is a perfect example to demonstrate.
i sold at 1.4201, and like you, I'm initially aiming for a couple of pips. with potential trades like that - resistance at the 61.8%-fib-retracement of a multi-hundred pip drop, I start thinking (or getting a bit more greedy really) about the possibility of a couple of pips more. so I remove the initial "take profit" and move my stoploss into positive territory. at first I move the sl the be+spread, so if the trade comes back... alright. but if it pans out as I think it can, I can move it further and with a single entry and therefore a single exposition to the market I can cover like 2, 3 or even for entries.
so, I don't really consider this to be more risky... it's a slightly different approach in a situation like today's.

I'm just trying to put an idea into your notebook for future reference, when everything you are doing now is working fine and consistently.
  • #450,150
  • May 26, 2011 3:19pm May 26, 2011 3:19pm
Quoting RamsesII
old farts!

dont rub it in will ya....
Look Sharp/Trade Tight
  • #450,151
  • May 26, 2011 3:22pm May 26, 2011 3:22pm
Quoting FibbinArchie
ahh yeah I know what it is, was just wondering what it stood for, made up name or acronym?
I know that you know, but please take a look a the chart inside the quoted post. I missed it until now, but our current position is very interesting.

zoomed into current pa
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2011-05-26 um 22.24.25.png Size: 18 KB
  • #450,152
  • May 26, 2011 3:23pm May 26, 2011 3:23pm
Quoting Mr Hatch
perfectly fine. what I'm implying isn't really longer term trades, but the drop today is a perfect example to demonstrate.
i sold at 1.4201, and like you, I'm initially aiming for a couple of pips. with potential trades like that - resistance at the 61.8%-fib-retracement of a multi-hundred pip drop, I start thinking (or getting a bit more greedy really) about the possibility of a couple of pips more. so I remove the initial "take profit" and move my stoploss into positive territory. at first I move the sl the be+spread, so if the trade comes back......
thanks hatch and i really appreciate all your input. as you said ... the future is bright and i certainly am not going to limit it by not being open minded and thinking that i know it all. this is just the beginning my friend
  • #450,153
  • May 26, 2011 3:26pm May 26, 2011 3:26pm
Quoting Mr Hatch
I know that you know, but please take a look a the chart inside the quoted post. I missed it until now, but our current position is very interesting.

zoomed into current pa
ahh yeah, multi year level back in play, lined up with the 61.8 of most recent mid term bear wave...
  • #450,154
  • May 26, 2011 3:26pm May 26, 2011 3:26pm
Quoting PayTheLimit
80's...for sure..
60's young
  • #450,155
  • May 26, 2011 3:32pm May 26, 2011 3:32pm
Quoting kill56
60's young
lol..you'll always be young brother..
Look Sharp/Trade Tight
  • #450,156
  • May 26, 2011 3:32pm May 26, 2011 3:32pm
Quoting pipper
mother of fucking uro
lol..
  • #450,157
  • May 26, 2011 3:37pm May 26, 2011 3:37pm
That's what Gator said when he found his system Archie

Quoting FibbinArchie
lol..
Disclaimer: Check your 1m charts
  • #450,158
  • May 26, 2011 3:38pm May 26, 2011 3:38pm
115 vs trendline, place your bets
Attached Image (click to enlarge)
Click to Enlarge Name: 26may11ej.PNG Size: 17 KB
Don't have an ego. Always question yourself and your ability.
  • #450,159
  • May 26, 2011 3:38pm May 26, 2011 3:38pm
M5

Trendlines on this time frame are showing a 60 pip gap to be filled soon with the pair hovering for air at 4190. The solid red circle has proven to provide ample support for any up move and has shown a extremely well ability to bounce a strong 130 pip drop from 4200. This fact alone will make it a very strong anchor for the upmovement.

M30

Once the M5 gap is filled, price will reach the boundaries of the blue circle on M30. Since the drop was severe this morning and support held firm, the slightest notch and break of the blue circle will push the price upwards to 4250-4275 zone.

Overall impression is that price had decided to move through the blue circle zone on M30 and couldnt and is rewinding for another attack upwards.

Recommendation is to go long at 4130
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_M5.jpg Size: 91 KB
Click to Enlarge Name: EURUSD_M30.jpg Size: 95 KB
  • #450,160
  • May 26, 2011 3:41pm May 26, 2011 3:41pm
Long already Kamboo... Neat little system you have there.. Very interesting setup

Quoting Kambooj
M5

Trendlines on this time frame are showing a 60 pip gap to be filled soon with the pair hovering for air at 4190....
Disclaimer: Check your 1m charts
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