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EURUSD

  • #536,941
  • Sep 11, 2011 5:26pm Sep 11, 2011 5:26pm
Quoting KillerWhale
I'm looking to go long too, but I'm waiting till it pays to go long and that might be a lot of pips down the road, or not.
Everyone is looking for opportunities. . .

But i just dont understand those willing to take a risk to go against a trend just for small measly profits, when you can ride the trend and earn better that way. Scalping is just dangerous imo.
Have I got something on my face, SOLDIER?
  • #536,942
  • Sep 11, 2011 5:29pm Sep 11, 2011 5:29pm
Quoting Link
I whish to go long too, but I cant. If the market go 100 pip up or 150 pip, I will add a short position. I better and safer to trade like that on a bear market
Thats a good secure plan
Have I got something on my face, SOLDIER?
  • #536,943
  • Sep 11, 2011 5:40pm Sep 11, 2011 5:40pm
Guys,
Why would you go long now (apart from scalping but counter trade... no thanks)?
Look at PA, last area for profit taking was 1.382 - 1.384, next one is 1.338 - 1.342 and below it would be c. 1.28.

And I'm taking about profit taking not trend reversal

USDX could go as far up as 90 atm and only thing that would change current trend is QE3 (may be toward the end of the month?)

I was contemplating to go long at 1.382 last week but didn't as I didn't like the PA. Missed most of the move down but that's ok. Will wait for pullback to reload short.

Good luck to all
  • #536,944
  • Edited 5:55pm Sep 11, 2011 5:45pm | Edited 5:55pm
Quoting bumapatria
Everyone is looking for opportunities. . .

But i just dont understand those willing to take a risk to go against a trend just for small measly profits, when you can ride the trend and earn better that way. Scalping is just dangerous imo.
Ive opened a very small long just after open with a tight trailing stop.

Rationale - regardless of what convential TA tells me with arguments for it going back up or plummeting south - simply looking at historic similar EURUSD situations suggests me the first leg of a fall is probably done (conventional TA stuff tells me this too) - time for some consolidation - this could be a simple quick retrace or could easily be a week long messy scalpers paradise, followed by pivotting the highs just under the 15 month channel lows line and another week of fekking about before it gives in to the inevitable. IN this scenario - careful long is no more risky than careful short.

Yes - its a counter scalp - but there should be at least 150 pips in this, perhaps 300, alllbet way smaller than usual trade to start with.
  • #536,945
  • Sep 11, 2011 5:56pm Sep 11, 2011 5:56pm
Quoting Khazul
Ive opened a very small long just after open with a tight trailing stop.

Rationale - regardless of what convential TA tells me with arguments for it going back up or plummeting south - simply looking at historic similar EURUSD situations suggests me the first leg of a fall is probably done (conventional TA stuff tells me this too) - time for some consolidation - this could be a simple quick retrace or could easily be a week long messy scalpers paradise, followed by pivotting the highs just under the 15 month channel lows line and another week...
3666 , 3865, 3996. later charts.
looking for investors . pm me
  • #536,946
  • Sep 11, 2011 6:07pm Sep 11, 2011 6:07pm
Bad news for Euro : Moodys might downgrade french banks.
  • #536,947
  • Sep 11, 2011 6:09pm Sep 11, 2011 6:09pm
long AU @ the demand zone ,original SL just below 1.0400,the round number .and now move stop loss above BE. lets c where will we go .
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 27 KB
A chart helps those who can read it.
  • #536,948
  • Sep 11, 2011 6:09pm Sep 11, 2011 6:09pm
Despite all the different views, we are all human beings, we all have different perspectives on what the heck is going on, and i wish all of you success in forex, no matter what happens!
Have I got something on my face, SOLDIER?
  • #536,949
  • Sep 11, 2011 6:12pm Sep 11, 2011 6:12pm
here is my post and chart . u can have a look

http://www.forexfactory.com/showthre...56#post4945556
looking for investors . pm me
  • #536,950
  • Sep 11, 2011 6:23pm Sep 11, 2011 6:23pm
Quoting geniusztc
so many lines .lol .i am sure it is useful fo you .but there is always no gap on my chart .
but u can calculate gap from friday to sunday . i cant see gap on oanda, because 24/7 working. if 30 min canlde closes above 3611 than next 3666, if below than possible go lower ,
looking for investors . pm me
  • #536,951
  • Sep 11, 2011 6:24pm Sep 11, 2011 6:24pm
Quoting kbmoonshinex
here is my post and chart . u can have a look

http://www.forexfactory.com/showthre...56#post4945556
Interesting its in the circular TLs thread (some really cool approaches in there) - I spent ages trying to make ellipses fit to the summer channel only to find the damn thing flattened out at the close of friday (http://www.forexfactory.com/showthre...65#post4944465) - grrr
  • #536,952
  • Sep 11, 2011 6:32pm Sep 11, 2011 6:32pm
Dx :H4
Attached Image (click to enlarge)
Click to Enlarge Name: buonvangvn_____yahoo____com.gif Size: 31 KB
  • #536,953
  • Sep 11, 2011 6:33pm Sep 11, 2011 6:33pm
Quoting Khazul
Interesting its in the circular TLs thread (some really cool approaches in there) - I spent ages trying to make ellipses fit to the summer channel only to find the damn thing flattened out at the close of friday (http://www.forexfactory.com/showthre...65#post4944465) - grrr
nice chart. thanks for that .
looking for investors . pm me
  • #536,954
  • Sep 11, 2011 6:35pm Sep 11, 2011 6:35pm
Quoting buonvangvn
Dx :H4

looking for investors . pm me
  • #536,955
  • Sep 11, 2011 6:39pm Sep 11, 2011 6:39pm
Quoting buonvangvn
Dx :H4
born to speculate
  • #536,956
  • Sep 11, 2011 6:50pm Sep 11, 2011 6:50pm
Morning all
Patience, Emotion Control and Discipline.
  • #536,957
  • Sep 11, 2011 6:55pm Sep 11, 2011 6:55pm
Quoting geniusztc
long AU @ the demand zone ,original SL just below 1.0400,the round number .and now move stop loss above BE. lets c where will we go .
+15 pips .now look at UJ
A chart helps those who can read it.
  • #536,958
  • Sep 11, 2011 6:58pm Sep 11, 2011 6:58pm
Quoting buonvangvn
Dx :H4
it makes sense in a way but is that a gann grid on your chart on something like it? It looks like support and resistance in almost precise manner.
Have I got something on my face, SOLDIER?
  • #536,959
  • Sep 11, 2011 7:02pm Sep 11, 2011 7:02pm
WOOHOO!!
Go go Tok-eee-ooooo!!!

lol!

I'm having too much fun with FOREX mates! hehe...

-f4e-
  • #536,960
  • Sep 11, 2011 7:07pm Sep 11, 2011 7:07pm
Quoting Khazul
Ive opened a very small long just after open with a tight trailing stop.

Rationale - regardless of what convential TA tells me with arguments for it going back up or plummeting south - simply looking at historic similar EURUSD situations suggests me the first leg of a fall is probably done (conventional TA stuff tells me this too) - time for some consolidation - this could be a simple quick retrace or could easily be a week long messy scalpers paradise, followed by pivotting the highs just under the 15 month channel lows line and another week...
I agree, all relevant prs I watching at very strong S&R etc, scalp possibilities across the board, nice pip available, good rr tight sl possible, euro weakness already clear on charts, for seller, is time for patience, sell rallies, gap closes etc, for buyer is possible scalp, may turn into decent trade, so opportunities for everyone, just need to be on the right team
95% trader fail, so when majority of even this forum or others is short bias, Is alert for me to look buy triggers,

Happy safe pip hunting
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