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  • #491,781
  • Jul 17, 2011 8:40pm Jul 17, 2011 8:40pm
Quoting Bro
tomorrow i will not work so i have a lot of time to watch eurusd
i'm not in yet but i'm alert
Than go to bed and wake up early around franky fake 06 GMT and London open 07 GMT. And don't get fooled by franky fake.

I think this tokyo session (even when having a bankholiday) could get us towards 1.4046/47 and even 1.4011/12 level. That would be a nice entry long if not broken. But I find it hard to trade the past few days, with dollar and euro both with problems (nothing new I guess ).

Edit: Trade got stopped out at my sl +12, forgot to take the spread in order, because it shouldn't have touched my sl yet (High of that 5m candle was 1.40726 and close of my trade was 1.40736, so lesson learned haha)
  • #491,782
  • Jul 17, 2011 8:48pm Jul 17, 2011 8:48pm
Quoting pennies
CPI good, GDP good, nzd good .. world indices bad ..

All that, I am taking 1/2 lot here and 1/2 lot at 8400 with stoploss below previous weekly highs ...

Long NZD for now ...
stop out +42 pip (18 pip penalty for greedy)
Mohan
  • #491,783
  • Jul 17, 2011 8:51pm Jul 17, 2011 8:51pm
to be honest i'm getting sleepy... btw what do you mean when say fake franky?
So get ready!
  • #491,784
  • Jul 17, 2011 8:52pm Jul 17, 2011 8:52pm
a long here good be very profittable sloss below 1.4030 target 1.4350
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  • #491,785
  • Jul 17, 2011 8:55pm Jul 17, 2011 8:55pm
Quoting Bro
to be honest i'm getting sleepy... btw what do you mean when say fake franky?
Well I only learned that here on the forum. The Frankfurt Open (germany) opens 6 GMT. Often, not always, the direction they open isn't the direction London will take. So it could fake you out. But that's not a fool proof statement. Just look back on your chart in the last days/weeks/months/years what it does in those two hours of Frankfurt and London open. Often Frankfurt fakes you out, hence the name Franky Fake. (First read it in a post from Cloggie, maybe he has some interesting posts about it)

Edit: I believe the hours can very with +1 or +2 because of day saving time. But right now Frankfurt is 6 gmt and london is 7 gmt.
  • #491,786
  • Jul 17, 2011 8:56pm Jul 17, 2011 8:56pm
daily time frame could be a leading diagnal to form wave 1 at 1.37 correction will be very deep if it was
Attached Image (click to enlarge)
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  • #491,787
  • Jul 17, 2011 8:57pm Jul 17, 2011 8:57pm
Quoting Pipwanderer
4040 200ema daily charts, prior pivot and support ..breach of that will take price down to 3979
added to short @ 4068
  • #491,788
  • Jul 17, 2011 8:59pm Jul 17, 2011 8:59pm
Quoting Stretch
Well I only learned that here on the forum. The Frankfurt Open (germany) opens 6 GMT. Often not always the direction they open isn't the direction London will take. So it could fake you out. But that's not a fool proof statement. Just look back on your chart in the last days/weeks/months/years what it does in those two hours of Frankfurt and London open. Often Frankfurt fakes you out, hence the name Franky Fake. (First read it in a post from Cloggie, maybe he has some interesting posts about it)
interesting and always learning

thank you again i think i will see you tomorow

good trades to you all

i'm always at the london time it is lisbon time too
So get ready!
  • #491,789
  • Jul 17, 2011 9:03pm Jul 17, 2011 9:03pm
Quoting Bro
interesting and always learning

thank you again i think i will see you tomorow

good trades to you all
Yes I will probably be around tomorrow! Sleep well!
Good trades to you all too!
  • #491,790
  • Jul 17, 2011 9:03pm Jul 17, 2011 9:03pm
Quoting nawafasad1
daily time frame could be a leading diagnal to form wave 1 at 1.37 correction will be very deep if it was
  • #491,791
  • Jul 17, 2011 9:04pm Jul 17, 2011 9:04pm
Short at 1.40715, S/L at 1.42293

http://lcchong.files.wordpress.com/2...ng?w=877&h=397
  • #491,792
  • Jul 17, 2011 9:07pm Jul 17, 2011 9:07pm
Quoting Pipwanderer
added to short @ 4068
closed for 10
  • #491,793
  • Jul 17, 2011 9:13pm Jul 17, 2011 9:13pm
double stop out (both with + pips), need to take brake , back in hour
Mohan
  • #491,794
  • Jul 17, 2011 9:20pm Jul 17, 2011 9:20pm
Quoting suthmo
I dn't say it would cross just touch and come back. Projection data shows hard stop around 84 potential 73 dip. And up from here to 4200 @ 5am. If 70 goes down I'll scrap the rest of the projection and see how far my short from above goes.
Me too had 4080 in my mind. didn't had any idea about this range.
bbl friends
Hope
  • #491,795
  • Jul 17, 2011 9:28pm Jul 17, 2011 9:28pm
Quoting TheGamer
i might take a day off it it crosses 4080 without touching 4140

Thought you were taking the day off? Rethinking it now?
I don't trust any move - when you have profit...take it.
  • #491,796
  • Jul 17, 2011 9:31pm Jul 17, 2011 9:31pm
What's up with the 20 pip range on this thing a lot of the time, even during the 8-12pm est period sometimes.
  • #491,797
  • Jul 17, 2011 9:31pm Jul 17, 2011 9:31pm
Quoting nawafasad1
a long here good be very profittable sloss below 1.4030 target 1.4350
yeah, i see that on my 1 hr chart, it bounced @ 50. fibo.
  • #491,798
  • Jul 17, 2011 9:39pm Jul 17, 2011 9:39pm
Quoting stulic
We already had big silver and gold rallies with only Sydney open, so Tokyo closed doesn't mean anything at all.

Alittle different 4 hours later....gold gave back all it's gains.....so now which direction?
I don't trust any move - when you have profit...take it.
  • #491,799
  • Jul 17, 2011 9:39pm Jul 17, 2011 9:39pm
Quoting Fx93
What's up with the 20 pip range on this thing a lot of the time, even during the 8-12pm est period sometimes.
LOL
  • #491,800
  • Jul 17, 2011 9:47pm Jul 17, 2011 9:47pm
Quoting Faller
Alittle different 4 hours later....gold gave back all it's gains.....so now which direction?
Fair enough but my comment was a response to someone saying Tokyo closed means no big movements.
I'd prefer another touchdown before up again.
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Don't get mad, get even!
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