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  • #552,961
  • Oct 21, 2011 10:53am Oct 21, 2011 10:53am
I'm short from 1.38860. Tight SL just above 1.39, let's hope NY starts pushing this back a little bit
  • #552,962
  • Oct 21, 2011 11:02am Oct 21, 2011 11:02am
Quoting taxe91
yes although how many times has a breakout happened on a friday afternoon before an EU summit to save the greek economy? backtesting is always a good idea but all situations are different
Indeed all situations are different, but from my experience, it is not a good idea to go counter trend at these hours. I've shot myself in the foot many times thinking "oh... it's Friday afternoon, they must be locking in profits."... bullshit.
  • #552,963
  • Oct 21, 2011 11:02am Oct 21, 2011 11:02am
couldnt resist to buy a tiny Dollar Yen position at wholesale price,
Bank of Japan in the back of my head too...
  • #552,964
  • Oct 21, 2011 11:03am Oct 21, 2011 11:03am
Quoting Yuchen
Good..
i still have short at 3880, and i also have AU short at 0327, GU short at 5944, they are all 0.02 lots and i am not going to trade any more until add another 0.01 lot for each if any of them drop more than 100 pips. (i also have a long UJ at 75.96 but i move it b/e so i dont consider risk on UJ now)
Same side on the euro finally...let's take some money from the big boys
But i don't expect too many pips, i'll clear everything inside 1,383x if we go there, otherwise i'll clear everything before i go the pub to get some beers (which means in 2 hours lol)

Take care!
COT: The precious data ignored
  • #552,965
  • Oct 21, 2011 11:03am Oct 21, 2011 11:03am
Quoting jsg007
For those who are short recommend to go check back the history.... you will see that many times when a breakout happens on Friday afternoon the price goes till new levels until the market closes. There is no one to protect the resistances right now.

I wouldn't be surprised if we end the week around 3940-ish...
u have a sensible brain
Trade responsiblypatience is the key/Swing trader
  • #552,966
  • Oct 21, 2011 11:05am Oct 21, 2011 11:05am
i think is it time to short due to nice hanging man candle in h1
  • #552,967
  • Oct 21, 2011 11:06am Oct 21, 2011 11:06am
Quoting sisse
Mate, stocks are leading and they have a good area still to go. Plus outguessing what they are going to do which such high expectations for this weekend (EZ debt, bla bla) is maybe not the best idea..... ES is still a few point form R and euro can easily without any effort run those small stops at 1.390x to 1.392x or even 1.396x without invalidating the short side for the real move....

Better go with flow if you insist to trade on a Friday before probably the most important weekend/week on the euro this year...my 2 cents and GL

sisse
Yes you are right Sisse!
This week end will be too important, it's better to close everything, i won't let my trade opened.
I'm expecting a retracement though, but i agree that a push up to clear stops above 1,3900 is not out of the question.

GL to you as well, hope you had a good week my friend!
COT: The precious data ignored
  • #552,968
  • Edited 12:54pm Oct 21, 2011 11:07am | Edited 12:54pm
Quoting micho
kicked one long EURGPB at 0,8708 target 0.8721 1 position only
Quote
added another at 0.87013 target later
first target 0.8717 or maybe more retracement lower...

so all you guys are short, i am keeping my long until further notice
When life gives you lemons, make lemonade
  • #552,969
  • Oct 21, 2011 11:08am Oct 21, 2011 11:08am
Quoting jsg007
For those who are short recommend to go check back the history.... you will see that many times when a breakout happens on Friday afternoon the price goes till new levels until the market closes. There is no one to protect the resistances right now.

I wouldn't be surprised if we end the week around 3940-ish...
You are not completely wrong and all the same you are not totally right.Anything can happen Forex especially that euro is news diven at the momoent
With patience and discipline,you move beyond the sky
  • #552,970
  • Oct 21, 2011 11:13am Oct 21, 2011 11:13am
Quoting Incrediblle
u have a sensible brain
Thank you.
  • #552,971
  • Oct 21, 2011 11:17am Oct 21, 2011 11:17am
Bearish flag forming here?
Yay! Pips for everyone!
  • #552,972
  • Oct 21, 2011 11:29am Oct 21, 2011 11:29am
Why are the are the US traders so quite? It feels like everything has stopped.
  • #552,973
  • Oct 21, 2011 11:30am Oct 21, 2011 11:30am
for the past three hours price has been consolidating above 1.3861.The market is flat and today is FRIDAY.If you are trapped in the market, cut the loss and get set for next week.
With patience and discipline,you move beyond the sky
  • #552,974
  • Oct 21, 2011 11:49am Oct 21, 2011 11:49am
Out of my shorts...market ain't moving and i gotta go soon...a bit of profits is better than a loss!

Enjoy your week end guys!!

PS : for the shorts...support is at 1,383x (retracement and untouched area by the bears once it went through it)...if you have the balls
COT: The precious data ignored
  • #552,975
  • Oct 21, 2011 11:51am Oct 21, 2011 11:51am
thinking of longin 60 with tight sl...

Quoting kuroro001
Out of my shorts...market ain't moving and i gotta go soon...a bit of profits is better than a loss!

Enjoy your week end guys!!

PS : for the shorts...support is at 1,383x (retracement and untouched area by the bears once it went through it)...if you have the balls
dreams do come true.
  • #552,976
  • Oct 21, 2011 11:52am Oct 21, 2011 11:52am
Quoting biodunola07
for the past three hours price has been consolidating above 1.3861.The market is flat and today is FRIDAY.If you are trapped in the market, cut the loss and get set for next week.
Or I could wait for a bit going down,

got a nice hunk going up
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  • #552,977
  • Oct 21, 2011 11:53am Oct 21, 2011 11:53am
Quoting kuroro001
Same side on the euro finally...let's take some money from the big boys
But i don't expect too many pips, i'll clear everything inside 1,383x if we go there, otherwise i'll clear everything before i go the pub to get some beers (which means in 2 hours lol)

Take care!
Thank you. What a nice life for you, earn money on forex then spend them in pub and flirt hot girls !!!!!!!
  • #552,978
  • Oct 21, 2011 11:53am Oct 21, 2011 11:53am
Quoting wannaberich
thinking of longin 60 with tight sl...
Thanks mate!

One thing i'm sure of is...i wouldn't do it
But i hope it goes your way if you go long
COT: The precious data ignored
  • #552,979
  • Oct 21, 2011 11:54am Oct 21, 2011 11:54am
Quoting Yuchen
Thank you. What a nice life for you, earn money on forex then spend them in pub and flirt hot girls !!!!!!!
or lose money and drown your sorrows ,either way its cool
  • #552,980
  • Oct 21, 2011 12:04pm Oct 21, 2011 12:04pm
no signal popped.

i see your 30.

Quoting kuroro001
Thanks mate!

One thing i'm sure of is...i wouldn't do it
But i hope it goes your way if you go long
dreams do come true.
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