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  • #556,421
  • Oct 31, 2011 4:25pm Oct 31, 2011 4:25pm
Quoting Yuchen
i am thinking about to try a 0.01 lot long with s/l at 3790
move s/l at b/e 3844..
will not long anymore if it s/l at b/e
  • #556,422
  • Oct 31, 2011 4:36pm Oct 31, 2011 4:36pm
Quoting Jeheil
Hard to imagine the Asian trading session deciding now is the time to reverse, Tokyo will have one eye on supressing the yen and watching for more intervention, Australia will have an eye on an interest rate cut (about 4 hours from now) which was seen as 80% likely up until the weekend. Hard to know now. Im tempted to bet against an interest rate cut.....but it would be just that....a bet.

A break below 1.383 in Asia could see 1.3775 as next resistance. May well range between support at 1.383 and 1.385 until some news breaks or positions are taken...
you will make a big kill if EU break down 3650 and didnt hit your s/l in advance. good luck !!!
  • #556,423
  • Oct 31, 2011 4:41pm Oct 31, 2011 4:41pm
Quoting mohan76
kiwi don't you sleep ?

is lunch time here bro
If you are new to Forex? Say Goodbye to your account!!
  • #556,424
  • Oct 31, 2011 4:43pm Oct 31, 2011 4:43pm
Quoting Yuchen
you will make a big kill if EU break down 3650 and didnt hit your s/l in advance. good luck !!!
Right then... short at 1.38590 (with £1/point or £10 per pip) stop loss at 1.38670 (should be enough) hoping to take manual profit at 1.3600 (previous levels) - time will tell.....
  • #556,425
  • Oct 31, 2011 4:46pm Oct 31, 2011 4:46pm
Quoting sidhujag
AU correlated with S&P which inversely correlates with USDx (this correlation shifts, and is shifting soon) USDx up when S&P up, plus any selling pressure of A will push on U aswell don't you think?

AU and EU usually drive the same way most of the time?
Must emphasise "usually", she also quite often go walkabout, do her own thing, if can get when au eu cable kiwi in sync is awesome, not same pip movement just reaction to S&R is more important, higher the timeframe they in sync the better
If you are new to Forex? Say Goodbye to your account!!
  • #556,426
  • Oct 31, 2011 4:46pm Oct 31, 2011 4:46pm
Quoting matt9824
Right then... short at 1.38590 (with £1/point or £10 per pip) stop loss at 1.38670 (should be enough) hoping to take manual profit at 1.3600 (previous levels) - time will tell.....
All the news and the trend is down for the EUR and US news slightly positive on USD. But funny things happen!!!

OH and lets hope Japan do some more wallet flexing
  • #556,427
  • Oct 31, 2011 4:51pm Oct 31, 2011 4:51pm
Quoting matt9824
Right then... short at 1.38590 (with £1/point or £10 per pip) stop loss at 1.38670 (should be enough) hoping to take manual profit at 1.3600 (previous levels) - time will tell.....
only 8 pips s/l ??
Why did you s/l at 1.38670, i didnt see any significant level there, did you set there because it was the top range in the last 4 hours ???
I believe a re-test at 3920-40 area could be a good place to short.
  • #556,428
  • Edited 5:12pm Oct 31, 2011 4:52pm | Edited 5:12pm
Quoting KiwiTrada
is lunch time here bro
but you was trading in us session and i seen you around 8 am your time. i got up 5 am today feeling sleepy. from next week have to give USA session (DST)
Mohan
  • #556,429
  • Oct 31, 2011 4:57pm Oct 31, 2011 4:57pm
Quoting Yuchen
only 8 pips s/l ??
Why did you s/l at 1.38670, i didnt see any significant level there, did you set there because it was the top range in the last 4 hours ???
I believe a re-test at 3920-40 area could be a good place to short.
I am watching it so will move stop loss if have to up depending on how things look elsewhere etc/how I feel - but I don't think I will need too. And yes it was based on being slightly above the last 4 hours... I have just moved it to 1.38725 just in-case of a small spike.
  • #556,430
  • Oct 31, 2011 5:00pm Oct 31, 2011 5:00pm
Quoting matt9824
I am watching it so will move stop loss if have to up depending on how things look elsewhere etc/how I feel - but I don't think I will need too. And yes it was based on being slightly above the last 4 hours... I have just moved it to 1.38725 just in-case of a small spike.
1.38635 - I dont think it will break it. This is purely news and trend based
  • #556,431
  • Oct 31, 2011 5:02pm Oct 31, 2011 5:02pm
Quoting matt9824
I am watching it so will move stop loss if have to up depending on how things look elsewhere etc/how I feel - but I don't think I will need too. And yes it was based on being slightly above the last 4 hours... I have just moved it to 1.38725 just in-case of a small spike.
be careful, i see 15 mins chart has a potential to form short-term bottom at 3830...
  • #556,432
  • Oct 31, 2011 5:05pm Oct 31, 2011 5:05pm
Quoting matt9824
1.38635 - I dont think it will break it. This is purely news and trend based
Had to inch SL up a bit - might be wrong - but hey ho
  • #556,433
  • Oct 31, 2011 5:14pm Oct 31, 2011 5:14pm
boj washing a way usd

edit may be some one else (stop hunt)
Mohan
  • #556,434
  • Oct 31, 2011 5:15pm Oct 31, 2011 5:15pm
Quoting mohan76
but you was trading in us session and i seen you around 8 am your time
Yup Bro, its like this, you know how last 10% and 1st 10% of everycandle is where majority of action is!! now consider is 1st day of month my calculation is 3 more days of reasonable action still to go, then consider I trade Monthly Weekly and Daily Opens, price above Long price below Short, so today tomorrow is very important for me for next 30 days
Back test you will see, example yesterday open 1.4136 Now check where my daily sells were started

Last 2 November Opens and Close, history "may" repeat, I want my seat
If you are new to Forex? Say Goodbye to your account!!
  • #556,435
  • Oct 31, 2011 5:17pm Oct 31, 2011 5:17pm
Ohayou gozaimasu Tokyo
  • #556,436
  • Oct 31, 2011 5:18pm Oct 31, 2011 5:18pm
Quoting matt9824
Had to inch SL up a bit - might be wrong - but hey ho
A nice 20pips to start the day - loaded it on way down as thought going for broke - so only made £20 but short again from 1.38465 - come on BOJ!!!!
  • #556,437
  • Oct 31, 2011 5:19pm Oct 31, 2011 5:19pm
Quoting mohan76
boj washing a way usd

edit may be some one else (stop hunt)

lol, i was wondering why EU suddently dropped from 3870 to 3830.. as you mentioned and i checked the price of uj, now i can see why my EU long at 3844 was s/l at b/e...
enough for today....
  • #556,438
  • Oct 31, 2011 5:21pm Oct 31, 2011 5:21pm
Quoting Yuchen
lol, i was wondering why EU suddently dropped from 3870 to 3830.. as you mentioned and i checked the price of uj, now i can see why my EU long at 3844 was s/l at b/e...
enough for today....
U/J spiked up high - lots of that to come over the next few hours I think
  • #556,439
  • Oct 31, 2011 5:25pm Oct 31, 2011 5:25pm
Quoting matt9824
U/J spiked up high - lots of that to come over the next few hours I think
yeah, but i think you still need to be patient to short EU, it still has room to up and give you better point to short..
by the way, do not put all your faith on BOJ, just trade as your plan, have a good mm and hope you have a good trade today.
  • #556,440
  • Oct 31, 2011 5:28pm Oct 31, 2011 5:28pm
Quoting Yuchen
yeah, but i think you still need to be patient to short EU, it still has room to up and give you better point to short..
by the way, do not put all your faith on BOJ, just trade as your plan, have a good mm and hope you have a good trade today.
I agree - the only thing to do at the moment is short the EURO - too risky to long at the momment.

Have a good day too
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