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  • #558,481
  • Nov 4, 2011 9:27am Nov 4, 2011 9:27am
Quoting cloggie
Thank you Angie for the easy 30 pips.
Cloggie just curious would u ever consider leaving a trade like this through the nfp? Or is it to risky?
  • #558,482
  • Nov 4, 2011 9:31am Nov 4, 2011 9:31am
Quoting Nik655
to be honest i thought a big enough break of 1.3852 would initiate heavy buying. i guess i was very very wrong.
You would have done extremely well if you had placed the same buy stop order yesterday around 3663, ie if you had really wanted to take a chance. that was a major support line off daily and 4 hr and also after a non stop drop those are usually good for a decent bounce. so it depends how strong the counter trend level is.
In other news: A ranger was trapped between a bull and a bear
  • #558,483
  • Nov 4, 2011 9:33am Nov 4, 2011 9:33am
Quoting Alexone
Cloggie just curious would u ever consider leaving a trade like this through the nfp?

Never, I always fade the NFP
  • #558,484
  • Nov 4, 2011 9:37am Nov 4, 2011 9:37am
Quoting digiff
You would have done extremely well if you had placed the same buy stop order yesterday around 3663, ie if you had really wanted to take a chance. that was a major support line off daily and 4 hr and also after a non stop drop those are usually good for a decent bounce. so it depends how strong the counter trend level is.

Support line established by what? Fib?
  • #558,485
  • Nov 4, 2011 9:38am Nov 4, 2011 9:38am
Hope it will break the channel
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 36 KB
  • #558,486
  • Nov 4, 2011 9:39am Nov 4, 2011 9:39am
Quoting Nik655
Support line established by what? Fib?
The nearest major support I see is 1.3685, the bottom of the channel.
  • #558,487
  • Nov 4, 2011 9:40am Nov 4, 2011 9:40am
Quoting cloggie
We could well see a major downgrade here today. It is Friday's after all and with Italy placed on IMF watch and the ridiculous increase in bondprices this week, we may well see some casualties in the next few hours.

And we still have the vote in 2 hours, that will see some reaction.

One of the reasons I like this business. You cannot beat the front row seat to world events and history...
Do your time and enjoy the ride...
  • #558,488
  • Nov 4, 2011 9:43am Nov 4, 2011 9:43am
Quoting Nik655
Support line established by what? Fib?
Open up your 4 hr chart and draw a line at 3663, you will see how price respected it for the last few months and also years before when pa came close to it. that is one kind of support line, fibs are also support lines, previous swing hi/lo are another... when you have two of these lining up at the same number, that makes your entry stronger, and if you have three reasons, then you can almost bet the farm lol

One more thing.. it's usually better to think of zones instead of numbers when dealing with 4 hr lines and above. when you are dealing with lower time frames then you can get picky about exact numbers
In other news: A ranger was trapped between a bull and a bear
  • #558,489
  • Nov 4, 2011 9:43am Nov 4, 2011 9:43am
I'M LONG
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Click to Enlarge Name: Immagine.jpg Size: 146 KB
  • #558,490
  • Nov 4, 2011 9:53am Nov 4, 2011 9:53am
Quoting digiff
Open up your 4 hr chart and draw a line at 3663, you will see how price respected it for the last few months and also years before when pa came close to it. that is one kind of support line, fibs are also support lines, previous swing hi/lo are another... when you have two of these lining up at the same number, that makes your entry stronger, and if you have three reasons, then you can almost bet the farm lol

One more thing.. it's usually better to think of zones instead of numbers when dealing with 4 hr lines and above. when you are dealing with...
True, i didnt see that.
  • #558,491
  • Nov 4, 2011 9:56am Nov 4, 2011 9:56am
3770 should crush it if it gets there..
Attached Image (click to enlarge)
Click to Enlarge Name: eu38.JPG Size: 181 KB
  • #558,492
  • Nov 4, 2011 9:56am Nov 4, 2011 9:56am
Quoting cloggie
3732 is the new 3852 for the afternoon, same play as earlier.

  • #558,493
  • Nov 4, 2011 10:00am Nov 4, 2011 10:00am
by the time conclusion of Greek voting, it seems market might have been closed? in that case what's your strategy? will market react on monday or will it create HUGE price gap on opening?
  • #558,494
  • Nov 4, 2011 10:02am Nov 4, 2011 10:02am
Quoting robert7
by the time conclusion of Greek voting, it seems market might have been closed? in that case what's your strategy? will market react on monday or will it create HUGE price gap on opening?
Probably not. The same thing happened when the U.S was downgrades, eur/usd moved up ~100 pips before the market opened but gave up most of its gains.
  • #558,495
  • Nov 4, 2011 10:07am Nov 4, 2011 10:07am
Quoting robert7
by the time conclusion of Greek voting, it seems market might have been closed? in that case what's your strategy? will market react on monday or will it create HUGE price gap on opening?
Don`t trade gaps you will go BUST
Once scalper always scalper
  • #558,496
  • Nov 4, 2011 10:07am Nov 4, 2011 10:07am
closed shorts and long now
  • #558,497
  • Nov 4, 2011 10:08am Nov 4, 2011 10:08am
Quoting Kowalczyk
Probably not. The same thing happened when the U.S was downgrades, eur/usd moved up ~100 pips before the market opened but gave up most of its gains.

you may be right, market may take it's own time to move in respective direction.
  • #558,498
  • Nov 4, 2011 10:15am Nov 4, 2011 10:15am
Quoting cloggie
Never, I always fade the NFP
only way to go
  • #558,499
  • Nov 4, 2011 10:17am Nov 4, 2011 10:17am
Quoting cloggie
3732 is the new 3852 for the afternoon, same play as earlier.
It is annoying at times that I am always right.,.....especially for you guys.

IT took me a while to get used to it that I am so perfect.....about an hour or so....I think I was 2 or 3 years old......Now I just accept it and get on with it.



Enjoy your weekend y'all.
  • #558,500
  • Nov 4, 2011 10:18am Nov 4, 2011 10:18am
Quoting stevefx
3770 should crush it if it gets there..
3756 breaks will take more correction for the whole leg down otherwise continue down further . 3736 was a temporary halt but did not & some ranging limited before resume towards 3656-3608 to start the pullback if any next & so no majore pullback from here I think & keeping short active . .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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