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EURUSD

  • #598,541
  • Feb 22, 2012 1:55pm Feb 22, 2012 1:55pm
i use a system based on 4h for trend and 15 m. for rapid trades enter on 15 m. however when i get the signal that i m wrong on these trades i check the 4 h. a long opened at 1.323 based on 15 m signal closed on 1.326 . i m short based on 4 h signal since yesterday afternoon around 1.323. keep adding on shorts when it goes up . may change my bias if we close above 1.323 today
Andreyou
  • #598,542
  • Feb 22, 2012 1:56pm Feb 22, 2012 1:56pm
my models are targeting 1.3389 easiest money ever, its guaranteed.
  • #598,543
  • Feb 22, 2012 2:04pm Feb 22, 2012 2:04pm
Level
Technical Significance
1.3322
Trend High Feb 9
1.3306
100-Day MA
1.3295
21-Day Upper Bollinger
1.3293
Daily High Mar 21
1.3256
19:20 GMT WED 22 FEB
1.3186
Daily Low Feb 21
1.3170
21-Day MA
1.3115
Daily Low Feb 17
1.3040
21-Day Lower Bollinger

Position Open/Close TargetStop
LONG1.3235 1.3545 1.3173

Long trade awaits a breakout beyond the upper Bolli bands & 100-DMA by 1.3300 and the 1.3322 trend highs. Daily oscillators are bullish on balance, though ADX has been in retreat all month. Willing to stick with the trade while above Tues's low and the 10-DMA nearby. Book profits on another failure toward 1.3300.
  • #598,544
  • Feb 22, 2012 3:12pm Feb 22, 2012 3:12pm
After the Greek news was out I was sure that it will come down... but as we see ... nothing is sure and I have to mention, that I should have closed the positions 2 days ago with loss on the 1st fail of breaking 1.32... but I didn't Everything pointed to a sell of by my charts , and when it didnt come I should have change my plans.. by now I would have made up that money easily within this f..ing range like I did last week... now I am bored Good luck to you mate too.. something will happen soon , but I dont know which way now
  • #598,545
  • Feb 22, 2012 3:12pm Feb 22, 2012 3:12pm
Everyone should be long right now.
  • #598,546
  • Feb 22, 2012 3:15pm Feb 22, 2012 3:15pm
Quoting JTattheRanch
Everyone should be long right now.
I will not make any conclusions about the trend until this fork is broken

http://www.forexfactory.com/attachme...0&d=1329939394
  • #598,547
  • Feb 22, 2012 3:16pm Feb 22, 2012 3:16pm
Quoting JTattheRanch
Everyone should be long right now.
That is that thing that keeps me hold my shorts mat... when everybody cry long ...in my book it is time to short... but it is just my opinion
  • #598,548
  • Edited 4:15pm Feb 22, 2012 3:28pm | Edited 4:15pm
my 2 cents
2 post from yesterday and today.
  • #598,549
  • Feb 22, 2012 3:30pm Feb 22, 2012 3:30pm
Quoting JTattheRanch
Everyone should be long right now.
Depends on the time horizon for your trade. Personally my bias is short. Take a look where we are on the curve on the weekly chart to and the momentum that came out of these levels.

http://i1236.photobucket.com/albums/...euh4gogogo.jpg

Just wish it would bust out of this demand so I can add

http://i1236.photobucket.com/albums/...y/eum30pos.jpg
  • #598,550
  • Feb 22, 2012 3:34pm Feb 22, 2012 3:34pm
Unbelievable but this story is real: http://www.zerohedge.com/news/scanda...european-banks
  • #598,551
  • Feb 22, 2012 3:39pm Feb 22, 2012 3:39pm
Long term P&F chart 50X3.

According to this analysis if the lower trend line (shown lower right) holds and there is a sustained break above 1.33 then we may see the price reach 1.42.

Anyone familiar with P&F is welcome to comment...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-02-22 at 23.31.59.png Size: 104 KB
  • #598,552
  • Feb 22, 2012 3:43pm Feb 22, 2012 3:43pm
Cant make money when the market is not moving, been holding on this short EUR trade since Sunday night, any ideas when it will move?
  • #598,553
  • Feb 22, 2012 3:49pm Feb 22, 2012 3:49pm
How big is your position? what is your loss?

Have you thought about closing and starting again when the market picks up?


Quoting Agent-Pipen
Cant make money when the market is not moving, been holding on this short EUR trade since Sunday night, any ideas when it will move?
  • #598,554
  • Feb 22, 2012 3:51pm Feb 22, 2012 3:51pm
Quoting nunrgguy
Depends on the time horizon for your trade. Personally my bias is short. Take a look where we are on the curve on the weekly chart to and the momentum that came out of these levels.

http://i1236.photobucket.com/albums/...euh4gogogo.jpg

Just wish it would bust out of this demand so I can add

http://i1236.photobucket.com/albums/...y/eum30pos.jpg
I do agree with you, in TF weekly the price movement is still below MA 21 , MA 50 ,MA 100 and MA 200.
The distance between MA 21 and MA 50 is still far = 550 pips, it is hard to climb up. Just a matter of time to go down till touch = 1,2375.
  • #598,555
  • Feb 22, 2012 3:51pm Feb 22, 2012 3:51pm
Not much of a lost, i just want the market to move. Its correlated with AUD so, either way I should do okay. But, cant make money when there's no movement. Perhaps, the Asian market will pull it one way or the other.
  • #598,556
  • Feb 22, 2012 3:52pm Feb 22, 2012 3:52pm
Quoting JTattheRanch
Everyone should be long right now.
Just because your short doesn't mean you go and tell everyone to go long, we all know your waiting for your "market crash" with Aussie leading the way
  • #598,557
  • Feb 22, 2012 3:53pm Feb 22, 2012 3:53pm
For EURUSD the highest liquidity is from around 8am-4pm London time...

Quoting caldera
How big is your position? what is your loss?

Have you thought about closing and starting again when the market picks up?
  • #598,558
  • Feb 22, 2012 3:59pm Feb 22, 2012 3:59pm
Sometimes you have to look at other curriencies as well. Today was not a good day for the eurusd, but I personally made a killing witht the GBPUSD. They Eurjpy was also a good deal. Its up 400 pips in a week. Just something to think about. Another thing to is the way I have been talking about fib retracements and extensions. This chart is a prime example of how patience paid of for me and I was able to make 140 pips on the gbpusd. Enter at 50% retrace at 5810 and traded it to the weekly support level at 5670 for 140 pips. Just food for thought. FIBS work if you know how to use the correctly. Thats really for FX he knows who he is. Good luck everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD02-22-2012.png Size: 26 KB
  • #598,559
  • Feb 22, 2012 4:05pm Feb 22, 2012 4:05pm
nice setup... thanks for sharing...

Quoting Getthepips
[font="Comic Sans MS"][color="Blue"]Sometimes you have to look at other curriencies as well. Today was not a good day for the eurusd, but I personally made a killing witht the GBPUSD. They Eurjpy was also a good deal. Its up 400 pips in a week. Just something to think about. Another thing to is the way I have been talking about fib retracements and extensions. This chart is a prime example of how patience paid of for me and I was able to make 140 pips on the gbpusd. Enter at 50% retrace at 5810 and traded it to the weekly support level at 5670...
  • #598,560
  • Feb 22, 2012 4:26pm Feb 22, 2012 4:26pm
Quoting Getthepips
[font=Comic Sans MS][color=blue]Sometimes you have to look at other curriencies as well. Today was not a good day for the eurusd, but I personally made a killing witht the GBPUSD. They Eurjpy was also a good deal. Its up 400 pips in a week. Just something to think about. Another thing to is the way I have been talking about fib retracements and extensions. This chart is a prime example of how patience paid of for me and I was able to make 140 pips on the gbpusd. Enter at 50% retrace at 5810 and traded it to the weekly support level at 5670 for 140...
Well said, pretty much spot on with everything,

Just to add a few thoughts with cable, she is highly % respect 50 retrace and 200 sma your 50 is from the fall mine is now from the last rally, tech wise brit prs where ripe for sell, fundies excellerated the move, very similar to Aussie
She is tech wise ripe for a sell, ignoring all ping pong below 4hr timeframes. anyone who still holding fills 8372 - 8404 should if possible hold if she can get below 8245 and hold, move stops to just above should be good for nice pips, retest would be worth defending vigorously.

Next months open will determine our trade plan for March and possibly April

Trade safe


Aussie is costly to sell, so need continually reassess risk, "but she one of the 5 sync ladies", 4 behaving, eu still tardy, has been for awhile, both ugly sister currencies deep in the poo, if buyers think all euro's problems are solved, might pay to run tight sl,s until this topping action is confirmed or negated.
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