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  • #536,541
  • Sep 9, 2011 9:08am Sep 9, 2011 9:08am
Quoting bumapatria
PA's driving me nuts.
How so, its been a straight line down for the last few hours.
  • #536,542
  • Sep 9, 2011 9:09am Sep 9, 2011 9:09am
Quoting key4success
there must be some retracement even for 50 pips...
If you must place a bet, be sure you're holding the stakes. If you must take 50 pips, wait for the retracement to occur and take the 50 points in the direction of the commitment of traders. Right now, COT is heavily short the EURO. The odds are against your trade.

Just my own simple opinion. In life, nothing is sure, and so is price action.
Don't just beat the markets, leave bruises.
  • #536,543
  • Sep 9, 2011 9:11am Sep 9, 2011 9:11am
Quoting bumapatria
Only reason why im hedging is to take a small profit on CAD, and i know that the pair's gonna bounce off of resistance. If it aint, im still making profit. both ways.
Hang on ... so If ucad bounces back off resistance you get to close for a bit of profit, if it punch thru that resistance, you still make profit.
How does that work?
Thank You
  • #536,544
  • Sep 9, 2011 9:12am Sep 9, 2011 9:12am
Quoting Sonofsin5
How so, its been a straight line down for the last few hours.
few hours? make that a few days my friend
Thank You
  • #536,545
  • Sep 9, 2011 9:13am Sep 9, 2011 9:13am
maybe re-re-short 1.3758
A chart helps those who can read it.
  • #536,546
  • Sep 9, 2011 9:13am Sep 9, 2011 9:13am
Quoting Motion
If you must place a bet, be sure you're holding the stakes. If you must take 50 pips, wait for the retracement to occur and take the 50 points in the direction of the commitment of traders. Right now, COT is heavily short the EURO. The odds are against your trade.

Just my own simple opinion. In life, nothing is sure, and so is price action.

Ya I am prepared even if market goes against me..

I got call from a friend who got margin call..I had $$$$ but I politely refused saying I didnt have...I remember once he did same to me....TIT for TAT..
  • #536,547
  • Sep 9, 2011 9:13am Sep 9, 2011 9:13am
Quoting Sonofsin5
How so, its been a straight line down for the last few hours.
Indicators are showing time to buy, but Price broke through support. TL shows that this might reach an all-time-low of : 1.3195.

Sounds unlikely but likely.

50/50 on this pair for me.
Have I got something on my face, SOLDIER?
  • #536,548
  • Sep 9, 2011 9:15am Sep 9, 2011 9:15am
Quoting wormboy
few hours? make that a few days my friend
I know, I was trying to make it as clear as possible for him.
Another thing to consider on UCAD is that we are near a huge round number 1.000 no doubt they will try to run stops there soon.
  • #536,549
  • Sep 9, 2011 9:16am Sep 9, 2011 9:16am
Some of you guys seem to be a bit harsh on the longs- I longed at 1.37 s/l 1.3659. It seemed to me to be a pretty good trade at the time. Unless Greece does leave the euro- I think most of the bad news is done for a decent retrace. -just my opinion
  • #536,550
  • Sep 9, 2011 9:16am Sep 9, 2011 9:16am
sharp rejection from 3840 ...

3500 prior support exists on 8 hour...
  • #536,551
  • Sep 9, 2011 9:17am Sep 9, 2011 9:17am
Quoting Fudomyo
Breakout of the confluence area LTLs will open a lot more downside.
textbook play. beautiful.

updated chart.


have a great weekend!
Attached Image (click to enlarge)
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  • #536,552
  • Sep 9, 2011 9:17am Sep 9, 2011 9:17am
Quoting key4success

Ya I am prepared even if market goes against me..

I got call from a friend who got margin call..I had $$$$ but I politely refused saying I didnt have...I remember once he did same to me....TIT for TAT..
Why do you think that your non-educational posts are worthy of being the only one to use bold font?
  • #536,553
  • Sep 9, 2011 9:18am Sep 9, 2011 9:18am
Quoting Sonofsin5
I know, I was trying to make it as clear as possible for him.
Another thing to consider on UCAD is that we are near a huge round number 1.000 no doubt they will try to run stops there soon.
Okay, what's your sentiment on the pair? Bounce off resistance? or continuation.

I'd have to go with bounce.
Have I got something on my face, SOLDIER?
  • #536,554
  • Sep 9, 2011 9:19am Sep 9, 2011 9:19am
Quoting Flatfish
Some of you guys seem to be a bit harsh on the longs- I longed at 1.37 s/l 1.3659. It seemed to me to be a pretty good trade at the time. Unless Greece does leave the euro- I think most of the bad news is done for a decent retrace. -just my opinion
Just wait and later on Moody's downgrades credit rating of Italy or Spain for everyones joy

Happy weekend!
They think they are smarter than I am.
  • #536,555
  • Sep 9, 2011 9:20am Sep 9, 2011 9:20am
Quoting micho
short audusd at 1.0522, stop at 1.05510, target at 1.04641
closed +58

my eur shorts are still open and looking good
When life gives you lemons, make lemonade
  • #536,556
  • Sep 9, 2011 9:21am Sep 9, 2011 9:21am
Quoting bumapatria
Okay, what's your sentiment on the pair? Bounce off resistance? or continuation.

I'd have to go with bounce.

I'm sitting on my hands untill 1.00 is tested.
  • #536,557
  • Sep 9, 2011 9:22am Sep 9, 2011 9:22am
Wonder if this 5m "triangle" will BO towards .36625
  • #536,558
  • Sep 9, 2011 9:26am Sep 9, 2011 9:26am
anybody still wondering to go long now?
When life gives you lemons, make lemonade
  • #536,559
  • Sep 9, 2011 9:29am Sep 9, 2011 9:29am
Quoting Sonofsin5
I know, I was trying to make it as clear as possible for him.
Another thing to consider on UCAD is that we are near a huge round number 1.000 no doubt they will try to run stops there soon.
Yes I agree, if it's not today, it'll definitely get tested at least once next week.
Another thing to consider is that the dx is possibly bottoming out, the HTF is forming a huge reversal formation & as mentioned earlier 77.9 break will confirm the validity of the pattern.
Wouldn't want to stand in front of this sucker when all the HTF are starting to fall into place ...
Attached Image (click to enlarge)
Click to Enlarge Name: dxw.gif Size: 48 KB
Thank You
  • #536,560
  • Sep 9, 2011 9:30am Sep 9, 2011 9:30am
Quoting micho
anybody still wondering to go long now?
I have never understood the mindset of people wanting to go long after it has gone down over 900 pips over the last 2 days and broken every major supprot on the way, a far more profitable and safer option would be to trade the retracement in the direction of the sentiment.
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