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  • #10,261
  • Jan 27, 2012 9:27am Jan 27, 2012 9:27am
Closed with +30pips, re-open Long at 1.3123, manual SL.
I am micro managing this afternoon.
Looking at the daily, we need to go higher then 1.312 to keep bullish momentum otherwise we have a strong signal that we are heading south...
I certainly wont let any live trade over the WE..




Quoting BrunargarFx
PS: I monitored USDX and was having a close look at
EUR/USD on M30, with tight SL: 1.309

If USDX breaks 79.27, we may well see new highs today (3217)
Need to clear 1.315 zone first though

We have FOMC speech coming up shortly...
I have moved my SL at BE...
  • #10,262
  • Jan 27, 2012 9:31am Jan 27, 2012 9:31am
Quoting dbfusion

but it needs to break very soon . jut to prove the pressure is strong.
i'm also looking sky-high, but later next week.
Just some more ping-pong today.

great weekend to ya all!
  • #10,263
  • Jan 27, 2012 9:37am Jan 27, 2012 9:37am
Hey DB,
I agree and with your levels too, E/U's getting weaker.
And as soon as they put aside Greece, the other PIIGS are pointing their heads up (portugal...).
Still I'd like to see 1.321X, but what I'd like and what's going to happen could be very different...




Quoting dbfusion
remember my post few days ago about 1.33 ? when i didn't get my second cup of coffee

but any how the up move is getting weaker .
if we stay in this area another day or two then it still can go up

if we break today below 1.3070 then it might continue further 150 - 200 pips to the down side .


but it needs to break very soon . jut to prove the pressure is strong.
  • #10,264
  • Jan 27, 2012 9:56am Jan 27, 2012 9:56am
Im back guys, checking what has been happening last few hours.

As presumed London noon was the key for profit taking. Then we had buy signals again then range again.

Market is preparing for the upcoming week. My advice is to cease trading now as there is no real market to effectively defend the levels. Why?

Because banks already took the profit and closed the orders along with hedge funds, dealing desks are gonna close soon.

If u hadnt made any money during this week u wont make it now.

So relax and enjoy the weekend. I may be coming during the weekend to explain some stuff about trending and trend collapse.
  • #10,265
  • Jan 27, 2012 9:59am Jan 27, 2012 9:59am
breakout of triangle on M15.
going North.
  • #10,266
  • Jan 27, 2012 10:00am Jan 27, 2012 10:00am
Quoting dbfusion



and even if lows got broken 2800 is strong demand and might bring back to 32 . and even if got smashed 2500 is also very strong and could reverse from there 1000+ pips or more to the up .

that could happen just like the beginning of this year ,just 2-3 days extreme sell and a reverse to shove the pips up whomever was short till the mid of next year

that was my post in end of December before I travel and why I didn't jump into the long term short position .
I SEE YOU !!
  • #10,267
  • Jan 27, 2012 10:01am Jan 27, 2012 10:01am
I finish that last one and then I close... promise

Anyway, good stuff T. and all the other contributors, this is by far the best thread on Forex.


Quoting T@rantula
Im back guys, checking what has been happening last few hours.

As presumed London noon was the key for profit taking. Then we had buy signals again then range again.

Market is preparing for the upcoming week. My advice is to cease trading now as there is no real market to effectively defend the levels. Why?

Because banks already took the profit and closed the orders along with hedge funds, dealing desks are gonna close soon.

If u hadnt made any money during this week u wont make it now.

So relax and enjoy the weekend. I may be coming...
  • #10,268
  • Jan 27, 2012 10:07am Jan 27, 2012 10:07am
Quoting dbfusion
remember my post few days ago about 1.33 ? when i didn't get my second cup of coffee

.
It was about 1.37 bro
  • #10,269
  • Jan 27, 2012 10:12am Jan 27, 2012 10:12am
Quoting egkid
It was about 1.37 bro
here it is mate with the coffee

I never mentioned 37 at any given time

Quoting dbfusion
I don't see anything still need my second cup of coffee


but really some interesting observations last year of PA .

tried to develop something extra that could catch some moves .

check those figures I came up with .
1.33 area is high potential retrace area and resistance .

and on weekly chart 1.42 is potential final target .

and 1.2820 was the long entry area .
I SEE YOU !!
  • #10,270
  • Jan 27, 2012 10:17am Jan 27, 2012 10:17am
There is also a Sym triangle on USDX, if we break 79.28 to the south, further momentum up for Euro.
  • #10,271
  • Jan 27, 2012 10:18am Jan 27, 2012 10:18am
Quoting T@rantula
If u hadnt made any money during this week u wont make it now.

.


This is NFP PA right now ... breaking ranges at this time of day/week ?
  • #10,272
  • Jan 27, 2012 10:19am Jan 27, 2012 10:19am
Oh my GOd,
Just happened as I was typing...

3217 in sight fo rme.

Just to clarify, T. was right about not trading at this time. I had one last position opened otherwise I wouldnt have entered any new one.
Hope some of you caught the move



Quoting BrunargarFx
There is also a Sym triangle on USDX, if we break 79.28 to the south, further momentum up for Euro.
  • #10,273
  • Jan 27, 2012 10:43am Jan 27, 2012 10:43am
Quoting dbfusion
here it is mate with the coffee

I never mentioned 37 at any given time
You r right , it was post from jaylovin
  • #10,274
  • Jan 27, 2012 10:56am Jan 27, 2012 10:56am
Quoting egkid
Do u know what make me nerves ..closing like this open the door for 1.33xx
well ... i will wait some more H and check
If this doesn't break 1.3208 today then we could dip back lower to 1.3056 which i kinda hope happens but not restricted to as that level was tested straight after it broke...

yes 1.37xx is the 50% retracement of the whole move down from 1.4940

how are you doing brother?
  • #10,275
  • Jan 27, 2012 11:12am Jan 27, 2012 11:12am
Quoting jaylovin
If this doesn't break 1.3208 today then we could dip back lower to 1.3056 which i kinda hope happens but not restricted to as that level was tested straight after it broke...

yes 1.37xx is the 50% retracement of the whole move down from 1.4940

how are you doing brother?
Not so good i closed my sell now with lose
daily and 4h UP now no need to risk on weekend
Funny i got problem on my work - family and now lose on trading when things getting dark it get dark in all
  • #10,276
  • Edited Jan 28, 2012 3:30am Jan 27, 2012 11:23am | Edited Jan 28, 2012 3:30am
Quoting egkid
Not so good i closed my sell now with lose
daily and 4h UP now no need to risk on weekend
Funny i got problem on my work - family and now lose on trading when things getting dark it get dark in all
i am very sorry to hear about that... maybe a break from everything for a few days might help? then come back refreshed and conquer the world!

Every resistance line in the past 2 weeks were being broken by bulls.. the more levels i told myself 'should this break and we are bull territory' but i kept denying the facts until i couldn't anymore

i have made an elliott count and we are in the beginning of wave 3 up... if i am right but i am taking things day by day now... 1.37 is possible.. we are halfway there and bulls aren't showing any signs of stopping
  • #10,277
  • Jan 27, 2012 11:29am Jan 27, 2012 11:29am
Great end for the week.
I closed all my position. Will start anew on Monday
Have a great WE all.
  • #10,278
  • Jan 27, 2012 2:39pm Jan 27, 2012 2:39pm
Quoting egkid
Not so good i closed my sell now with lose
daily and 4h UP now no need to risk on weekend
Funny i got problem on my work - family and now lose on trading when things getting dark it get dark in all
man , very sorry to hear that .

when it rains it pours I know how you feel , I have suffered many drama in my life .

but don't worry it will become history and you will gain more strength
I SEE YOU !!
  • #10,279
  • Edited Jan 28, 2012 3:03am Jan 27, 2012 5:45pm | Edited Jan 28, 2012 3:03am
I am sorry to hear about your loss my friend...dont worry about the loss my dear friend it will come back in good time concentrate on the work and family aspect ..You are a good trader and will get all back on track..

I like yourself had to cut a loss of 2000 but then stopped trading for this week as of all the issues with eu false break out...not a master like Mr T,
to understand these kind of moves ..thought would join in after friday...

Take care my friend hope all gets better soon

Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,280
  • Jan 28, 2012 8:05am Jan 28, 2012 8:05am
Hi EK, sorry to hear too about recent developments. take a break and concentrate on family first and as Black widow said, you're a great trader and will be back in green in no time my friend

Quoting egkid
Not so good i closed my sell now with lose
daily and 4h UP now no need to risk on weekend
Funny i got problem on my work - family and now lose on trading when things getting dark it get dark in all
Disclaimer: Check your 1m charts
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