DislikedIs China going to short the Euro like its out of style, or scalp it and go long?Ignored
edit : but who knows what china have in it's mind
Mohan 
- #536,201
- Sep 8, 2011 8:20pm Sep 8, 2011 8:20pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #536,202
- Sep 8, 2011 8:31pm Sep 8, 2011 8:31pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #536,203
- Sep 8, 2011 8:31pm Sep 8, 2011 8:31pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #536,205
- Sep 8, 2011 8:47pm Sep 8, 2011 8:47pm
Another take on current charts (D1)
There is an argument for longs as well as shorts - depends which channel you think were in
Also while not indicated on this chart, its due to hit the end of the wave tops of the 15 month waves. While a down channel persisted (April - July), then this wasnt likely.
However, now that its arguably in an up channel (forming through August), then I think an early breakout down (a long way) is now possible and is certainly due looking back at charts over past 3+ years.
So - tight stops which ever way you decide to go.
I was going to start loading shorts targetted at 1.368 or so, but changed my mind after the end of day candles that made me revise my charts.
Have to wait and see what actually develops and be prepared for it to change its mind half way - it might continue being moody while it makes its mind up
There is an argument for longs as well as shorts - depends which channel you think were in
Also while not indicated on this chart, its due to hit the end of the wave tops of the 15 month waves. While a down channel persisted (April - July), then this wasnt likely.
However, now that its arguably in an up channel (forming through August), then I think an early breakout down (a long way) is now possible and is certainly due looking back at charts over past 3+ years.
So - tight stops which ever way you decide to go.
I was going to start loading shorts targetted at 1.368 or so, but changed my mind after the end of day candles that made me revise my charts.
Have to wait and see what actually develops and be prepared for it to change its mind half way - it might continue being moody while it makes its mind up
- #536,207
- Sep 8, 2011 8:51pm Sep 8, 2011 8:51pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
short here with 5000 lots
not mini lots
Mohan
- #536,208
- Sep 8, 2011 8:51pm Sep 8, 2011 8:51pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Panda's probably demoing.
5000 lots? How much value is that per pip
5000 lots? How much value is that per pip
Have I got something on my face, SOLDIER?
- #536,212
- Sep 8, 2011 8:55pm Sep 8, 2011 8:55pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Long term accounts
We were watching the cloud cover zone, it took quite a few attempts to build a position, but it has paid off, we added 1 trade prior to the monthly ltl breach, and again after the breach retest etc, adding a further 4 positions as each level was breached, retest etc, all 4 of the later trades were closed trailing stops, by the swiss intervention rally, however the 2 trades above the ltl are still running, day account I have and will be enter further retest of ltl if pa permits, this area is also below latest range we feel a very strong resist now.
We have achieved similar results with Cable.
At the same time as the pattern appeared we entered 2 long positions swissy, the intervention had us wetting pants,
Your posts certainly gave us extra incentive to keep trying to build a position EU Cable and Swissy, as EUt was actually in the process of testing the utl of a bull flag
The Swiss trade was our first 1000 pip trade by 1 pip
Cheers Trade safe bro.
If you are new to Forex? Say Goodbye to your account!!
- #536,213
- Sep 8, 2011 9:01pm Sep 8, 2011 9:01pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
well
the market still stand
not move even 1 pips
so my 5000 demo lots have no impact on the market
then why Albert's 50 lots cause a TMD 100 pip drop?
Have I got something on my face, SOLDIER?
- #536,214
- Sep 8, 2011 9:03pm Sep 8, 2011 9:03pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Because panda, demo is not real money. Only REAL money makes a market move. And it takes a lot of cash to move a market in one's favor. Banks, big companies, George Soros, they can do that.
Mohan
- #536,218
- Sep 8, 2011 10:49pm Sep 8, 2011 10:49pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Ok learning to trade the daily charts, first attempt in a couple of months.
Pending short at 3968, target 3850 but if there is momentum may leave open, SL just above 1.4.
Logic: Daily close below 12/7 swing low close, should now form resistance, assuming SNB etc. stay away.
I have target zone is slightly higher to add if pa allow, may start build into 1.4 but zone is 3990 - 4020, sl above 4020, target is much much lower,
This is monthly weekly daily retest ltl resist etc, pa reaction will be importent, prefer violent rejection, "bears" have been ruthless for days now, but is Friday, market is recover intervention, wary another BOJ, SNB I think maybe slow
Trade safe Bro
If you are new to Forex? Say Goodbye to your account!!
- #536,219
- Sep 8, 2011 11:00pm Sep 8, 2011 11:00pm
Trade safe Bro
My zone was 3970-4000, I'm still basically useless at getting it right, or I'm off by only a couple of pips and don't get filled
I guess I'll see what London brings and decide from there. Weekly/monthly looks bearish to me, I missed my fill at the top, too busy trying to scalp..
"Don't Panic..."
- #536,220
- Sep 8, 2011 11:03pm Sep 8, 2011 11:03pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Hi Bro
I have target zone is slightly higher to add if pa allow, may start build into 1.4 but zone is 3990 - 4020, sl above 4020, target is much much lower,
This is monthly weekly daily retest ltl resist etc, pa reaction will be importent, prefer violent rejection, "bears" have been ruthless for days now, but is Friday, market is recover intervention, wary another BOJ, SNB I think maybe slow
Trade safe Bro
Have I got something on my face, SOLDIER?