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  • #587,661
  • Jan 24, 2012 10:27am Jan 24, 2012 10:27am
Quoting rustyram
Shorting EUR here at 1.3012 , SL 1.3042

TP = 100 Pips - 1.2912
Just currious why you would use a 1.3042 SL when the overnight high was 1.3062?
  • #587,662
  • Jan 24, 2012 10:28am Jan 24, 2012 10:28am
EUR will rise to at least 1.3200
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  • #587,663
  • Jan 24, 2012 10:29am Jan 24, 2012 10:29am
Quoting millelire
imo it's better to wait for short...
fibonacci doesn't agree with u

http://i43.tinypic.com/2qak08l.jpg
Can you show me which levels did you draw your fibo from on H1 please?
"I am still learning" - Socrates
  • #587,664
  • Jan 24, 2012 10:42am Jan 24, 2012 10:42am
Levels & channel to watch - I'm long from 1.2986 - sl at be +1 - manual Tp:
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  • #587,665
  • Jan 24, 2012 10:43am Jan 24, 2012 10:43am
here they are

http://i41.tinypic.com/25exu95.jpg
  • #587,666
  • Jan 24, 2012 10:44am Jan 24, 2012 10:44am
You guys think I should exit or chase 1.31639 (my TP).

I think I should chase, but I'm up +40 now soo whateva.
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  • #587,667
  • Jan 24, 2012 10:47am Jan 24, 2012 10:47am
Quoting phillysimba
You guys think I should exit or chase 1.31639 (my TP).

I think I should chase, but I'm up +40 now soo whateva.
what do you think?
  • #587,668
  • Jan 24, 2012 10:47am Jan 24, 2012 10:47am
I still consider for long, Just got support at EMA 70 but the Pin bar is disturbing

Long after good retracement
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  • #587,669
  • Jan 24, 2012 10:55am Jan 24, 2012 10:55am
Just closed out all trades for 120 pips today, 173 for the week including yesterday. Makes up for the disaster last week.

I think EU will break the 1.31 tomorrow and may push on to 1.3150, will look to get on in the morning once charts are looking right.
  • #587,670
  • Jan 24, 2012 10:56am Jan 24, 2012 10:56am
Quoting millelire
why shorting here guys?

fibo level at 1.2958 made his work, and now seems to rejecting it and pushing it up

not sure about shorting, could u please tell me the reason

thx, and sry 4 my english
we are still in correction, we made a low A, we trying to make lower high (B), we need to take out previous low @1.2950 to form a C, fibs are saying that , we are headed towards 1.2890.

Then i will go long at this area, with target of 1.3070 or 1.3100.

This is only my assumption, i will have to wait for confirmations at these levels to enter and exit the trade.
PPP - Patience Pays PIPS
  • #587,671
  • Jan 24, 2012 11:02am Jan 24, 2012 11:02am
Quoting Robert Harri
Just currious why you would use a 1.3042 SL when the overnight high was 1.3062?
I generally put Stop loss in down trend, at the last high + 15 pips
in bull market, last low - 10 pips.

Because i am looking at a 15 min retracement, 15 min last high is at 1.3027
PPP - Patience Pays PIPS
  • #587,672
  • Jan 24, 2012 11:07am Jan 24, 2012 11:07am
Quoting rustyram
I generally put Stop loss in down trend, at the last high + 15 pips
in bull market, last low - 10 pips.

Because i am looking at a 15 min retracement, 15 min last high is at 1.3027
Hope it works for you mate but I think your way to tight at 1.3042, could hit that before NY close. Just my 2 cents
  • #587,673
  • Jan 24, 2012 11:10am Jan 24, 2012 11:10am
Quoting Z3iz3i
They should go to test 1.3024 yesterday close at least.

But it may and likely goes further.
Stops were done earlier today but this not that easy to trade.

EDIT: of course never know about news that may flip things upside down.
Had to come to check the close.
They think they are smarter than I am.
  • #587,674
  • Jan 24, 2012 11:13am Jan 24, 2012 11:13am
These Bulls just dying to make my rent payment for the month!

  • #587,675
  • Jan 24, 2012 11:18am Jan 24, 2012 11:18am
Quoting Z3iz3i
Had to come to check the close.
So what do you think after you saw the close?
  • #587,676
  • Jan 24, 2012 11:19am Jan 24, 2012 11:19am
Quoting todstars2
These Bulls just dying to make my rent payment for the month!

might aswell start thinking living on the street
  • #587,677
  • Jan 24, 2012 11:23am Jan 24, 2012 11:23am
Quoting Trendica
So what do you think after you saw the close?
Later in US session likely see stocks and futures, cfd's bounce to test intraday high and thus pushing eur/usd higher.

It is slow though...
They think they are smarter than I am.
  • #587,678
  • Jan 24, 2012 11:25am Jan 24, 2012 11:25am
Quoting Z3iz3i
Later in US session likely see stocks and futures, cfd's bounce to test intraday high and thus pushing eur/usd higher.

It is slow though...
Yeah, i think the eruro will go up too for the next few hours
  • #587,679
  • Jan 24, 2012 11:32am Jan 24, 2012 11:32am
Quoting MaynoothBlue
Just closed out all trades for 120 pips today, 173 for the week including yesterday. Makes up for the disaster last week.

I think EU will break the 1.31 tomorrow and may push on to 1.3150, will look to get on in the morning once charts are looking right.
yep, esp. if the fed does qe3 ....
  • #587,680
  • Jan 24, 2012 11:33am Jan 24, 2012 11:33am
Bears Make Money

Bulls Make Money

Pigs Get Slaughtered



Quoting pinkiaiii
might aswell start thinking living on the street
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