I closed my 3nd (+17pip) and 2nd (+141pip). 1 one still floating.
How big is the commission on your 1.3410 trade? You have kept it pretty long.
Those who say it cannot be done should not interrupt those who are doing it
- #22,481
- Feb 16, 2012 8:47am Feb 16, 2012 8:47am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
- #22,482
- Feb 16, 2012 8:50am Feb 16, 2012 8:50am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #22,486
- Feb 16, 2012 9:11am Feb 16, 2012 9:11am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
HI!
I am long from 1.3006 since the european morning with a 50 Pip Stop ...
That trade was pretty painful so far ...
I will not give him much more time to develop ... max. 2 hours
BUT ... if we can break the 3030 with an hourly close, we could have an eye on the 3090-3120 area quite soon ... i will wait with short till then, or the internal trendline declining from that area.
otherwise break below 2950 should come soon ...
http://img442.imageshack.us/img442/8699/95683481.jpg
EDIT: sorry for that english......
Those who say it cannot be done should not interrupt those who are doing it
- #22,487
- Feb 16, 2012 9:14am Feb 16, 2012 9:14am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Not sure about the term (someone else at FF used it cant remember who) but this is what I mean.
When london close and we get a US/Asian session that moves away from the London close we get a session gap. London closed at 1.30575 yesterday and opened at 1.30211. This gap tends to be filled.
EDIT: The term should be the London back fill. That is the phenomen and the level should be referred to as the london close. Sorry for messing things up.
Those who say it cannot be done should not interrupt those who are doing it
- #22,489
- Feb 16, 2012 9:17am Feb 16, 2012 9:17am
- Joined Apr 2011 | Status: Special | 1,403 Posts
hey guys I am new here,
just my little input :
this small risk on rally will be for me only opportunity to sell higher because it seems to be quite risk off enviroment last days...esp. numbers that came out today were not so awesome only regular and maybe a little better than expected unemployment figure....also usd dolar swaps quite widened and it is ussually a sign of a very bad situation in the market.
philly fed came out, better than expected but still i prefer to short it intraday, i will watch PA at 1.3050 and then at 1.3100
And welcome here
- #22,490
- Feb 16, 2012 9:18am Feb 16, 2012 9:18am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
hey guys I am new here,
just my little input :
this small risk on rally will be for me only opportunity to sell higher because it seems to be quite risk off enviroment last days...esp. numbers that came out today were not so awesome only regular and maybe a little better than expected unemployment figure....also usd dolar swaps quite widened and it is ussually a sign of a very bad situation in the market.
philly fed came out, better than expected but still i prefer to short it intraday, i will watch PA at 1.3050 and then at 1.3100
I know I am one of them.Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
- #22,492
- Feb 16, 2012 9:22am Feb 16, 2012 9:22am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Looking for a short @ current level.
Those who say it cannot be done should not interrupt those who are doing it
I somewhat concur. Refer to my blue shaded supply zones for possible short opportunities. Taking current underlying fundamentals into consideration, I feel 1.3120 is a bit far (however quite possible)
Attachment
Its just my style of trading to always imagine a kind of "bad case scenario" ... to keep it simple then, and look for a good risk:reward ... thats why i said yesterday: No longs before 3020. I didnt "know" it would go so far without bigger retracement, it was just what I found worst case ...
But still: Shorting 3050 area could be a good idea: 3055 is a big Fib also so a few pips should be save ... Good luck with that!
- #22,494
- Feb 16, 2012 9:29am Feb 16, 2012 9:29am
- | Joined Oct 2011 | Status: Why so serious ??? | 436 Posts
I don't want to influence your trade decision in any way as I don't want to get blasted if it collapses from here. However, if I were you, I would be looking for a possible bearish continuation around the 1.3050/60 level... not here.
). But i will short @ 3050 level for sure as this has got a 23.6 FIB( swing 3319-2971) resistance too.
- #22,495
- Feb 16, 2012 9:32am Feb 16, 2012 9:32am
Hi, Forgive me for not seeing it but how is 1.3055 a big fib?
I feel similar and you may be right on that ...
Its just my style of trading to always imagine a kind of "bad case scenario" ... to keep it simple then, and look for a good risk:reward ... thats why i said yesterday: No longs before 3020. I didnt "know" it would go so far without bigger retracement, it was just what I found worst case ...
But still: Shorting 3050 area could be a good idea: 3055 is a big Fib also so a few pips should be save ... Good luck with that!
- #22,496
- Feb 16, 2012 9:35am Feb 16, 2012 9:35am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #22,498
- Feb 16, 2012 9:38am Feb 16, 2012 9:38am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
And closed. Done for the day.
Those who say it cannot be done should not interrupt those who are doing it
- #22,500
- Feb 16, 2012 9:48am Feb 16, 2012 9:48am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Opened small short at 1.3050 upon 38.2 fibo rejection. Mental stop loss at 1.3150
Will take other short position at 1.3090 if it makes it there or will also add if it goes down from here and breaks below 1.3000 again
H1
M5
Will take other short position at 1.3090 if it makes it there or will also add if it goes down from here and breaks below 1.3000 again
H1
M5
Those who say it cannot be done should not interrupt those who are doing it