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  • #545,241
  • Sep 29, 2011 8:13am Sep 29, 2011 8:13am
Good MAE from North Carolina. Beautiful morning here.

EFSF got it's vote from Germany
US unemployment and GDP better than expected
European stock markets are up
US indices, oil and risk currency futures up
USD & JPY futures down
US bonds mixed

Looks like a risk on trade for this morning.... US stock markets will likely open higher and rally first thing but that's always subject to change as soon as some talking head starts jawboning.

I am long Eur$ @ the small demand zone on the 60 min @ 1.3617 with stop @ 1.3597 and targeting the bottom of a supply zone @ 1.3740 Once she reaches todays highs again I will move SL to BE and let it run.

Reward 123 pips
Risk 20 pips
R:R 6:1
Position sized with the risk in pips to not exceed 2% of risk capitol.

Trade safely
Mike

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 60 min 9_29_2011 trade 1 long entry hit.jpg Size: 130 KB
I don't care which way the market is going as long as it's going my way
  • #545,242
  • Sep 29, 2011 8:15am Sep 29, 2011 8:15am
Quoting kbmoonshinex
i see now bearish bro
Same Side But am hope see 1371 test first before going down further
If there was easy money lying around,no one would be forcing it into your
  • #545,243
  • Sep 29, 2011 8:19am Sep 29, 2011 8:19am
Quoting kbmoonshinex
i see now bearish bro
Ok , lets see how it decide here first .if wants extension 5th then up above 3682 ok only. failure at 3600 breaks down as confirmation temporary.

The culprit H4 tf again.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu4.gif Size: 9 KB
Click to Enlarge Name: eu5.gif Size: 7 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #545,244
  • Sep 29, 2011 8:19am Sep 29, 2011 8:19am
Hourly supply 1.3660 / demand 1.3600

15min range 1.3620/50, fast swings...

It may go further to test intraday highs closer to London close or later tonight when markets get thinner.
They think they are smarter than I am.
  • #545,245
  • Edited 8:20am Sep 29, 2011 8:20am | Edited 8:20am
Quoting FXMindset
Same Side But am hope see 1371 test first before going down further
I hope you see that test too. as I'm long into that area. I have a feeling she's gonna test around the 1.378 - 1.381 where she gapped down a couple weeks ago. Last time in this zone was a great short.
I don't care which way the market is going as long as it's going my way
  • #545,246
  • Sep 29, 2011 8:21am Sep 29, 2011 8:21am
Any one here does gold ?
moving a lot for the last few days... anyone looking to 1580 ?
  • #545,247
  • Sep 29, 2011 8:23am Sep 29, 2011 8:23am
Looking at 30 minute chart S/R I'm gonna venture for bear country
  • #545,248
  • Sep 29, 2011 8:30am Sep 29, 2011 8:30am
Quoting Xdir
Anyone worked out who/what is propping the Euro?
By all logic/market forces the Euro should be lower, with out being too conspiratorial is someone actually buying it up?, or could it just be that Monday's bailout was paid for in $ - flooding the market.
When you see good news and economic reports for the US it's usually a dollar negative.

Investors get feeling good and use dollars to buy riskier higher yielding investments like stocks futures and higher yielding risk currencies.

Basicly they are selling their dollars and bonds to buy eveything else.
I don't care which way the market is going as long as it's going my way
  • #545,249
  • Sep 29, 2011 8:31am Sep 29, 2011 8:31am
m30 went bearish imo
COT: The precious data ignored
  • #545,250
  • Sep 29, 2011 8:33am Sep 29, 2011 8:33am
Quoting PipKiller
I hope you see that test too. as I'm long into that area. I have a feeling she's gonna test around the 1.378 - 1.381 where she gapped down a couple weeks ago. Last time in this zone was a great short.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 37 KB
If there was easy money lying around,no one would be forcing it into your
  • #545,251
  • Sep 29, 2011 8:35am Sep 29, 2011 8:35am
Quoting kuroro001
m30 went bearish imo
Breakout try from 15min range

Tested 50% previous full sold 15min candle and upside got blocked.
They think they are smarter than I am.
  • #545,252
  • Sep 29, 2011 8:37am Sep 29, 2011 8:37am
Quoting $maker
Any one here does gold ?
moving a lot for the last few days... anyone looking to 1580 ?
No position now as expect more up before short again , 1638,54,65 that is one leg up need still though bear .
fontu

eu going down I see now & so 3600 , 3596 will close shorts for now.
Attached Image (click to enlarge)
Click to Enlarge Name: usd6.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #545,253
  • Sep 29, 2011 8:39am Sep 29, 2011 8:39am
buy usd jpy
  • #545,254
  • Sep 29, 2011 8:39am Sep 29, 2011 8:39am
... so 3610 area is key, once break confirmed - moving south... area been tested over and over, time to get your freak on!
a journey of a thousand trades begins with a single pip
  • #545,255
  • Edited 8:42am Sep 29, 2011 8:41am | Edited 8:42am
Quoting fontu
No position now as expect more up before short again , 1638,54,65 that is one leg up need still though bear .
fontu

eu going down I see now & so 3600 , 3596 will close shorts for now.
ive a small lot short at 1624.65
tp at 1617

I meant 1607
  • #545,256
  • Sep 29, 2011 8:41am Sep 29, 2011 8:41am
Quoting FXMindset
Thanks
Nice "bulls" eye
I don't care which way the market is going as long as it's going my way
  • #545,257
  • Sep 29, 2011 8:42am Sep 29, 2011 8:42am
I think the price will go u to 1.3700

70 pips is okay.

stoploss 1.3590

I hope it will happen
  • #545,258
  • Sep 29, 2011 8:43am Sep 29, 2011 8:43am
Quoting Z3iz3i
Breakout try from 15min range

Tested 50% previous full sold 15min candle and upside got blocked.
That's a hell of a dangerous day today...up down up down...look at GBP..now i know why i've stopped trading it
COT: The precious data ignored
  • #545,259
  • Sep 29, 2011 8:47am Sep 29, 2011 8:47am
  •  XDorkX
  • | Joined Sep 2011 | Status: I'm Polish & better looking than U | 183 Posts
Good MAE, whats the word on the street?
  • #545,260
  • Sep 29, 2011 8:48am Sep 29, 2011 8:48am
Waiting for a real dip below 1,3600 to go long
Weird it's just trading above that support without touching it
COT: The precious data ignored
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