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EURUSD

  • #596,281
  • Feb 16, 2012 8:52pm Feb 16, 2012 8:52pm
you should be looking for longs at this point
  • #596,282
  • Feb 16, 2012 8:52pm Feb 16, 2012 8:52pm
Quoting motoro
You are not alone. i short as well and now -35pips. SL is 1.3160
Same here, but my SL is 1.3177.
  • #596,283
  • Feb 16, 2012 8:58pm Feb 16, 2012 8:58pm
Quoting sidhujag
you should be looking for longs at this point
Exactly. Getting ready to add some ladders to my long.
Time turns trend. - W.D. Gann
  • #596,284
  • Feb 16, 2012 9:00pm Feb 16, 2012 9:00pm
IMHO. I've been bullish since late DEC early JAN and buying EURUSD since 1.2642. I watch the JPY crosses and mainly AUDJPY. The EURUSD has not been tanking on all this negative news which also was a bullish sign. Today was an easy techie day and I got in as low as 1.2986. See my chart for yesterday's plan to buy.

Cheers

Quoting sidhujag
again if you wanna long something look at jpy crosses, gluck.

Intervention as we speak.

Anyone catch it? Probably not!!!
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  • #596,285
  • Feb 16, 2012 9:02pm Feb 16, 2012 9:02pm
Ya, i did. I got 40 pips on AUDJPY and EURJPY.

Quoting sidhujag
again if you wanna long something look at jpy crosses, gluck.

Intervention as we speak.

Anyone catch it? Probably not!!!
  • #596,286
  • Feb 16, 2012 9:06pm Feb 16, 2012 9:06pm
Quoting disegnosys
Ya, i did. I got 40 pips on AUDJPY and EURJPY.

gjob!!!! looks like you know ur stuff. So JPY is up for a major trend reversal, I was thinkin about taking a long term large position on AJ at the lows but chickened out lol could have had a great carry trade oh well we still may see new lows before we finally see the end of the JPY bullish train.
  • #596,287
  • Feb 16, 2012 9:16pm Feb 16, 2012 9:16pm
I've been buying all the dips but who knows this could change tomorrow. I'm still mainly a short term trader (swing and scalping). I'm mostly flat by end of day and end of week. My trades may last a few days but still working on long term style.

Cheers


Quoting sidhujag
gjob!!!! looks like you know ur stuff. So JPY is up for a major trend reversal, I was thinkin about taking a long term large position on AJ at the lows but chickened out lol could have had a great carry trade oh well we still may see new lows before we finally see the end of the JPY bullish train.
  • #596,288
  • Feb 16, 2012 9:27pm Feb 16, 2012 9:27pm
Maybe I am the only one here thinking this one going down, like when she's in 1.318xx before goes down under 1.3xx. I gave my warning and got scolded by some ppl. But seems that I never learn, bearish divergence on H1 and H4. Price are rejecting 61.8 fib level

Yesterday bull candle is somehow usual after 3 bear candle, but in daily chart we have faster MA crossed slower MA. Prices are under those MA, I don't understand why ppl said we are bullish on daily TF. Some senior member said we have bullish engulfing on H4 but there is no such thing when I checked.
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  • #596,289
  • Feb 16, 2012 9:34pm Feb 16, 2012 9:34pm
Quoting Passerby
Maybe I am the only one here thinking this one going down, like when she's in 1.318xx before goes down under 1.3xx. I gave my warning and got scolded by some ppl. But seems that I never learn, bearish divergence on H1 and H4. Price are rejecting 61.8 fib level

Yesterday bull candle is somehow usual after 3 bear candle, but in daily chart we have faster MA crossed slower MA. Prices are under those MA, I don't understand why ppl said we are bullish on daily TF. Some senior member said we have bullish engulfing on H4 but there is no such thing when...
I am waiting for little push higher to former wave 4, which is at 1.3190 - 1.3205
area, i will go short if bearish signs shows up there.

what is your current position , entry,sl and exit
PPP - Patience Pays PIPS
  • #596,290
  • Feb 16, 2012 9:37pm Feb 16, 2012 9:37pm
I shorted after being long from premarket at lows, I got very lucky, but still closed longs too early. I had been using trialing stops all week, but today I decided to just take profits and regretted it. Still I just keep moving forward.

Markets seem to be getting into up one day, down the next so, I am short from 1.3136 looking for retrace to at least 1.3080.

Todays bounce I feel was more short covering from short term shorts who got in the day prior, so no real risk to upside while big boys intend to take lower. If china gonna bail out eurozone, they will get their euros cheaper or they won't at all. Rate cut at next meeting should weigh for any intermediate term longs, so I look to get some breathing room an put in trailing stop looking for some profit...

tomorrow we shall see.
  • #596,291
  • Feb 16, 2012 9:38pm Feb 16, 2012 9:38pm
Quoting rustyram
I am waiting for little push higher to former wave 4, which is at 1.3190 - 1.3205
area, i will go short if bearish signs shows up there.

what is your current position , entry,sl and exit
No position now, still waiting for setup. But I am anticipating to take short, if it moves beyond 318 I will consider long.
  • #596,292
  • Feb 16, 2012 9:46pm Feb 16, 2012 9:46pm
I still short trade too. We had a strong up move in JAN and I expected some shorts at these levels and took some.

Please don't take it wrong I'm not making any trade calls. I just trade my plan and you should trade yours. I'm more of a short term techie trader with a little fundies added. I still can't trade long term in this market and trends only happen 30% anyway. I like the 60% swing market and sometimes get that 10% breakout.

I'm just trying to make my 1% a day. I'm pretty much done for the week since I made 5.5%.

Cheers

Quoting Passerby
Maybe I am the only one here thinking this one going down, like when she's in 1.318xx before goes down under 1.3xx. I gave my warning and got scolded by some ppl. But seems that I never learn, bearish divergence on H1 and H4. Price are rejecting 61.8 fib level

Yesterday bull candle is somehow usual after 3 bear candle, but in daily chart we have faster MA crossed slower MA. Prices are under those MA, I don't understand why ppl said we are bullish on daily TF. Some senior member said we have bullish engulfing on H4 but there is no such thing when...
  • #596,293
  • Feb 16, 2012 9:56pm Feb 16, 2012 9:56pm
I think EU will take 1.3180 or 1.3200 first before going back down to maybe 1.3000. Just my opinion,I could be wrong. That is my Friday prediction for today's market condition. Sorry...I don't have graphs...no need for that I trade my own way. Good luck guys...!!!
  • #596,294
  • Feb 16, 2012 9:57pm Feb 16, 2012 9:57pm
Quoting Passerby
Maybe I am the only one here thinking this one going down, like when she's in 1.318xx before goes down under 1.3xx. I gave my warning and got scolded by some ppl. But seems that I never learn, bearish divergence on H1 and H4. Price are rejecting 61.8 fib level

Yesterday bull candle is somehow usual after 3 bear candle, but in daily chart we have faster MA crossed slower MA. Prices are under those MA, I don't understand why ppl said we are bullish on daily TF. Some senior member said we have bullish engulfing on H4 but there is no such thing when...
same thinking with you.... time to go down....

cheers.
Peace Yo!
  • #596,295
  • Feb 16, 2012 10:12pm Feb 16, 2012 10:12pm
Quoting Passerby
Maybe I am the only one here thinking this one going down, like when she's in 1.318xx before goes down under 1.3xx. I gave my warning and got scolded by some ppl. But seems that I never learn, bearish divergence on H1 and H4. Price are rejecting 61.8 fib level

Yesterday bull candle is somehow usual after 3 bear candle, but in daily chart we have faster MA crossed slower MA. Prices are under those MA, I don't understand why ppl said we are bullish on daily TF. Some senior member said we have bullish engulfing on H4 but there is no such thing when...
I've noticed a lot of times that when two important moving averages cross price tends to rush up to test the mas before the trend continues, long and short time frames.
  • #596,296
  • Feb 16, 2012 10:16pm Feb 16, 2012 10:16pm
buy-buy.
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Time turns trend. - W.D. Gann
  • #596,297
  • Feb 16, 2012 10:16pm Feb 16, 2012 10:16pm
Ok, so based on your comment you are thinking EURUSD is going where today? Just curious, not right or wrong.


Quoting blackstar
I've noticed a lot of times that when two important moving averages cross price tends to rush up to test the mas before the trend continues, long and short time frames.
  • #596,298
  • Feb 16, 2012 10:25pm Feb 16, 2012 10:25pm
Quoting ForExtraPips
buy-buy.
hi there,

can you explain the reason you want to buy based on your chart?

regards.
Peace Yo!
  • #596,299
  • Feb 16, 2012 10:30pm Feb 16, 2012 10:30pm
does this happen to you?

The price just hovers around your entry; frustrating and antagonising you and the worst thing is, your session is soon to end and all you want is to see a definitive enough move so that you can sleep better!!

I'd like to move my SL to BE before hitting the sack, Grrr.
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I'm just a small fish in a large pond; forever swimming against the tide.
  • #596,300
  • Feb 16, 2012 10:34pm Feb 16, 2012 10:34pm
we're going no where again...
When life gives you lemons, make lemonade
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