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EURUSD

  • #531,581
  • Aug 26, 2011 12:32pm Aug 26, 2011 12:32pm
Quoting AriX3
guys, why is this going up? doesnt make any sense. shouldnt have even been close to 1.44958...
The charts do not determine the direction that it goes in regardless of other opinions on this subject.

Watch the direction the Dow goes in. Usually when the Dow goes up the money flows out of the Us Bonds as you can see by the yields going up. The money is then put into the Dow and more risky asset classes including Gold and Euro.

The flow of funds between the asset classes lead the charts not the other way around. The charts are important for support and resistance.

If EUR/USD gets neat 1.4500 I will short it again. We still could get a sell off in the Dow in light of Hurricane Irene and EUR/USD will move towards 1.4450 if this happens.
  • #531,582
  • Aug 26, 2011 12:34pm Aug 26, 2011 12:34pm
well, not all. got a couple of EUs entered for a scalp when the first stall came (roughly 20 pips below).

AU and EJ 70 pips below. GU 100. didn't get a proper signal at the bottom on EU so i missed that train.

was hanging on here because we touched the upper limit of supply on the AU. could be interesting close above that.

but i am banking them all. reason: shop closing time! one EU 5m candle close below the last's high and that's it.

just did. 267 pips total for the day: 1 be, 2 losses (-27-7) 5 wins (roughly +300).

no trades open during the weekend since i got burned few weeks ago on the downgrade of US debt.

green pips

Quoting taxe91
what was your entry point and where are you looking to take your profit?

not sure how much upside could be left in this euro
dreams do come true.
  • #531,583
  • Aug 26, 2011 12:36pm Aug 26, 2011 12:36pm
well, at least on one of my brokers you would!

got burnt with an sl like that a couple of week ago. when the broker opens it processes pendings at the opening market price.

Quoting Yuchen
just curious, if i place a sell limit order at 1.4520 and it did not trigger today. But there is a gap next week and it jumped to 1.4530, will my sell limit automatically deleted by the broker, or it will still trigger at 4520 or maybe trigger at 4530 ?
dreams do come true.
  • #531,584
  • Aug 26, 2011 12:38pm Aug 26, 2011 12:38pm
Quoting wannaberich
but i am banking them all. reason: shop closing time! one EU 5m candle close below the last's high and that's it.

just did. 267 pips total for the day: 1 be, 2 losses (-27-7) 5 wins (roughly +300).

no trades open during the weekend since i got burned few weeks ago on the downgrade of US debt.

green pips
Enjoy weekend~~
  • #531,585
  • Aug 26, 2011 12:41pm Aug 26, 2011 12:41pm


Quoting Std-uk
Enjoy weekend~~
dreams do come true.
  • #531,586
  • Aug 26, 2011 12:46pm Aug 26, 2011 12:46pm
Quoting Yuchen
just curious, if i place a sell limit order at 1.4520 and it did not trigger today. But there is a gap next week and it jumped to 1.4530, will my sell limit automatically deleted by the broker, or it will still trigger at 4520 or maybe trigger at 4530 ?
The order triggers the opening price of the Broker,
if the price opens above the price stated in the order, obviously.
For example, if the market opens at 1.4650 opens up your order at this price.
  • #531,587
  • Aug 26, 2011 12:59pm Aug 26, 2011 12:59pm
with an interesting pattern?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot-EURUSD (+0.80%) - Euro - U.S. Dollar 1:1 - Stooq - Google Chrome.png Size: 33 KB
  • #531,588
  • Aug 26, 2011 12:59pm Aug 26, 2011 12:59pm
Quoting rallyes
The order triggers the opening price of the Broker,
if the price opens above the price stated in the order, obviously.
For example, if the market opens at 1.4650 opens up your order at this price.
Really?? But what if my order was 1.4520 s/l at 1.4550. Then the market opened at 1.4650 and then they will just automatically move my stop up 30 pips to 1.4680 or waht? I dont think they will open my order at 1.4650 and set the stop at 1.4550, that would be weird.
  • #531,589
  • Aug 26, 2011 1:02pm Aug 26, 2011 1:02pm
would be canceled.

Quoting Yuchen
Really?? But what if my order was 1.4520 s/l at 1.4550. Then the market opened at 1.4650 and then they will just automatically move my stop up 30 pips to 1.4680 or waht? I dont think they will open my order at 1.4650 and set the stop at 1.4550, that would be weird.
dreams do come true.
  • #531,590
  • Aug 26, 2011 1:06pm Aug 26, 2011 1:06pm
  •  mrmat
  • | Joined Sep 2010 | Status: One day I shall leave the temple | 131 Posts
Haha Evacuate New York, but the S&P is still at its highs.
  • #531,591
  • Edited 1:12pm Aug 26, 2011 1:08pm | Edited 1:12pm
Quoting Yuchen
Really?? But what if my order was 1.4520 s/l at 1.4550. Then the market opened at 1.4650 and then they will just automatically move my stop up 30 pips to 1.4680 or waht? I dont think they will open my order at 1.4650 and set the stop at 1.4550, that would be weird.
You put it really difficult,
I have not had that experience, but may be opened in order and then 1.4650 to close in the current price 1.4652 + -
That's logic.
  • #531,592
  • Aug 26, 2011 1:12pm Aug 26, 2011 1:12pm
Happy weekend.

hope for nice opportunity in the next week for all of us.
  • #531,593
  • Aug 26, 2011 1:13pm Aug 26, 2011 1:13pm
Quoting Lady in red
Thank you, but i need price display not spreed display
ops, never mind just to busy with my open positions so ya anyhow

price indicator is attached!

Happy Trading.
Attached File(s)
File Type: mq4 Magnified Market PriceV2.mq4   2 KB | 368 downloads
File Type: ex4 Magnified Market PriceV2.ex4   4 KB | 325 downloads
  • #531,594
  • Aug 26, 2011 1:30pm Aug 26, 2011 1:30pm
Just thinking with high voice 4470 in 30 min
  • #531,595
  • Aug 26, 2011 1:43pm Aug 26, 2011 1:43pm
Quoting egkid
Just thinking with high voice 4470 in 30 min
me too!
The dreamers are the saviors of the world.
  • #531,596
  • Aug 26, 2011 1:48pm Aug 26, 2011 1:48pm
I hit my weekly Target profit with percent 102%
Book Closed.
Hope to catch u next week

PS:
Not best time to hold trade over weekend
Cya
Egkid
  • #531,597
  • Aug 26, 2011 1:50pm Aug 26, 2011 1:50pm
Quoting egkid
I hit my weekly Target profit with percent 102%
Book Closed.
Hope to catch u next week

PS:
Not best time to hold trade over weekend
Cya
Egkid
congrats!
The dreamers are the saviors of the world.
  • #531,598
  • Edited 2:08pm Aug 26, 2011 1:57pm | Edited 2:08pm
Just checking waves if the bull actually ready go , it was top to bottom bulls ok, the last smaller one with minimum correction may try bull action also ok but wavewise there should be some rules to follow at least .

As we see price start bounce from apparent c wave correction & the wave up from there should be clearly an imulse .!st wave ok as an impulse , 2nd also but 3 rd in a mofu withot an impulse but can be aligned with as wave 1 , 1-5th in a channel ok & in that case even it success breaks 4518 anytime towards 1.4604 then also need correction towards 4274, that is a spike down will need to form 1 of 3 wave to go up only . if not make the c wave 1=a,2=b any level up now to previous high 4518 or up 4604 or even up 4699 as c then no impulse up can be seen here & then again may need the new c down at lows . whatever the case 4274 or around level is compulsory should be needed both cases .

so a failure below 4518 very possible to pay for the lows as may need , ready & bull full fledged in next try. afterall friday push may not constitute any real push or great breakout immenent .
so remain bearish still & becoming little risky . market apparently dead now . will see next week , how play.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu44.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #531,599
  • Aug 26, 2011 2:00pm Aug 26, 2011 2:00pm
i see bearish divergence though. so it should be heading down...
The dreamers are the saviors of the world.
  • #531,600
  • Aug 26, 2011 2:10pm Aug 26, 2011 2:10pm
nyt guys.. GL
not a single pip can escape my sharingan!
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