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  • #441
  • Feb 13, 2012 3:10am Feb 13, 2012 3:10am
The key is to get HOD/LOD. Aussie being commodity currency = risk currency.
Rise in oil = Rise in Aussie-FTSE rise
  • #442
  • Feb 13, 2012 3:17am Feb 13, 2012 3:17am
Quoting bstay2
I can't find any setups to play the long either (I'm not a breakout trader unfortunately). Good to see everyone post their reasons, makes for accountability and transparency.

Agreed. My bias is definitely short EU ATM based on last daily bar and the look of H4 plus nice divergence still in play on H1. Not ready to jump quite yet. Oil and stocks may be stalling out now though so I'm watching this M15 retrace for signs of M forming.
  • #443
  • Feb 13, 2012 3:17am Feb 13, 2012 3:17am
Fall we go now
  • #444
  • Feb 13, 2012 3:17am Feb 13, 2012 3:17am
Quoting Sutts
Seems to be risk on with stocks and oil ATM. Would like to see weakening in those before considering shorts really.
Same thougt here. Better wait for equities & key commodities to agree.
  • #445
  • Feb 13, 2012 3:20am Feb 13, 2012 3:20am
Quoting 2face
oil sectors pushing FTSE high. Oil on bull run for 100 dollars

Yes, and just as I'm looking for quotes on my darn home heating oil!
  • #446
  • Feb 13, 2012 3:28am Feb 13, 2012 3:28am
Nice clean bounce off resistance for stocks and oil. I'd like to see a retest (M) forming on those to coincide with an EU M.
  • #447
  • Feb 13, 2012 3:37am Feb 13, 2012 3:37am
Quoting 2face
Euro short from HOD
Would be great to know price, SL, target.
  • #448
  • Feb 13, 2012 3:46am Feb 13, 2012 3:46am
Quoting hart3000
Would be great to know price, SL, target.
We are not on Live chart. I short euro and FTSE but late on Oil.
Im using Intermarket analysis for my setup. I dont trade on only FX.
Its better to find a live chart room trade
  • #449
  • Feb 13, 2012 4:26am Feb 13, 2012 4:26am
Quoting bstay2
Agreed. We should post our entry price and at least the stop. So often we see "I'm long" and then "I'm up +200pips already".

The continuing uptrend on EUR/GBP and USD/JPY does not work in favor of EUR/USD longs in my view. Always monitor what other market instruments are doing to gauge investor sentiments, good resource here.

Nice site, thanks bstay.
  • #450
  • Feb 13, 2012 4:30am Feb 13, 2012 4:30am
Seems there is 1.3300 & 1.3250 strike expiration(s) over next day or so [DJ News]. This fits with the current bracketing seen on 15 min chart.
  • #451
  • Feb 13, 2012 4:31am Feb 13, 2012 4:31am
USDCAD is due for a bit of a retrace which might give us a leg up on EU to form the much awaited M.
  • #452
  • Feb 13, 2012 4:33am Feb 13, 2012 4:33am
Quoting rdwatkins
Seems there is 1.3300 & 1.3250 strike expiration(s) over next day or so [DJ News]. This fits with the current bracketing seen on 15 min chart.

Thanks. Bl**dy options.
  • #453
  • Feb 13, 2012 4:42am Feb 13, 2012 4:42am
Euro short and FTSE short closed. A good scalp from there. No time to waist still got other things to do

"Think like A Fundamentalist, Trade Like A Tecnician"
  • #454
  • Feb 13, 2012 4:58am Feb 13, 2012 4:58am
Quoting 2face
We are not on Live chart. I short euro and FTSE but late on Oil.
Im using Intermarket analysis for my setup. I dont trade on only FX.
Its better to find a live chart room trade
No worries 2face -- If you don't feel comfortable with posting details that's perfectly fine. Understand very well that the (self imposed) obligation to post can distract and actually destroy a trade. However, I will try to post my next trade live (at least a few minutes after entry) rather than after completion.

  • #455
  • Feb 13, 2012 5:00am Feb 13, 2012 5:00am
Short EU 1.3266 stop 1.3279.

M didn't shape up how I wanted really so this is a more risky booby prize I guess.
  • #456
  • Feb 13, 2012 5:03am Feb 13, 2012 5:03am
Quoting Sutts
Short EU 1.3266 stop 1.3279.

M didn't shape up how I wanted really so this is a more risky booby prize I guess.
Nice entry due to HS is in place on 15M
  • #457
  • Feb 13, 2012 5:05am Feb 13, 2012 5:05am
Quoting 2face
Nice entry due to HS is in place on 15M

Nice observation. Don't trust them much but if it adds weight to my position then great.
  • #458
  • Feb 13, 2012 5:08am Feb 13, 2012 5:08am
Quoting hart3000
No worries 2face -- If you don't feel comfortable with posting details that's perfectly fine. Understand very well that the (self imposed) obligation to post can distract and actually destroy a trade. However, I will try to post my next trade live (at least a few minutes after entry) rather than after completion.

I dont have time to post chart before trade. I do trade equity as well. Next time will be post your account statement. Please you people should find a chat room to trade. Here is just tread.
  • #459
  • Feb 13, 2012 5:11am Feb 13, 2012 5:11am
Quoting Sutts
Short EU 1.3266 stop 1.3279.

M didn't shape up how I wanted really so this is a more risky booby prize I guess.

If this runs then my provisional target is around 1.3215 which lines up nicely with H1 ascending TL and daily pivot plus H1 demand zone. Plus 1.382 profit taking extension of last H1 wave.

Stocks, oil and EJ look weak ATM which helps.
  • #460
  • Feb 13, 2012 5:19am Feb 13, 2012 5:19am
Hopefully USDCAD is ready to bounce off H4 potential swap zone - that would help a lot.

EU needs to break down through 76.4% daily retrace line which is providing some support.
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