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EURUSD

  • #599,361
  • Feb 23, 2012 9:20pm Feb 23, 2012 9:20pm
Quoting xtrader101
This is to all the inexperience traders out there that are just beginning to trade.

STOP PICKING TOPs & BOTTOMs. Respect the market or the market will swallow you alive time and time again.

If you're looking to be long, DO NOT chase it, wait for some retracement if it does. Im not even thinking of going short. I will only think of going short if it does close below 1.31.

This is just me, so take my words for what its worth.
stop copy pasting shit and grow some balls =)
  • #599,362
  • Feb 23, 2012 9:20pm Feb 23, 2012 9:20pm
Quoting Fx93
Here's a 180 day 4H chart showing the standard deviation and error bands. We're right at the top of that long down channel.
Could be the mother of all breakouts...

Equities gap at the open would be supportive, but since I am long...tomorrow will be reversal day. I am just kidding
  • #599,363
  • Feb 23, 2012 9:24pm Feb 23, 2012 9:24pm
Quoting TIckerShuffl
Could be the mother of all breakouts...

Equities gap at the open would be supportive, but since I am long...tomorrow will be reversal day. I am just kidding
monthly, weekly and daily r long but weekly aint perfect - choppy times ahead i guess - scalpers heaven! =)
  • #599,364
  • Feb 23, 2012 9:26pm Feb 23, 2012 9:26pm
i scalp short on a breakout north . normally price will over react then retraced.
  • #599,365
  • Feb 23, 2012 9:27pm Feb 23, 2012 9:27pm
EU range gets even smaller - lol - no wonder not any1 has a big (any word) ROFL
  • #599,366
  • Feb 23, 2012 9:28pm Feb 23, 2012 9:28pm
wonder why the asians have no faith in trading EU at all
  • #599,367
  • Feb 23, 2012 9:29pm Feb 23, 2012 9:29pm
I watch the 2M, not even worth scalping atm, like a 10 pip range lol.
  • #599,368
  • Feb 23, 2012 9:30pm Feb 23, 2012 9:30pm
Quoting 853efx
wonder why the asians have no faith in trading EU at all
i think asians usually trade during london hours.
  • #599,369
  • Feb 23, 2012 9:30pm Feb 23, 2012 9:30pm
Quoting Fx93
Here's a 180 day 4H chart showing the standard deviation and error bands. We're right at the top of that long down channel.
the drop from 1.42 to 1.26 leaves some interesting FIBs.

the 127% retrace comes in at the 1.46 high.

Near target is 1.3426, next 1.36, 1.3861 after that:
Attached Image (click to enlarge)
Click to Enlarge Name: euro2-23-12.png Size: 43 KB
  • #599,370
  • Feb 23, 2012 9:31pm Feb 23, 2012 9:31pm
Quoting happytrader
i think asians usually trade during london hours.
when do they sleep?
  • #599,371
  • Feb 23, 2012 9:35pm Feb 23, 2012 9:35pm
Quoting TIckerShuffl
the drop from 1.42 to 1.26 leaves some interesting FIBs.

the 127% retrace comes in at the 1.46 high.

Near target is 1.3426, next 1.36, 1.3861 after that:
anything beyond 1.34 is not backed up by anything - it can overshoot no question - but the real price is no higher than 1.3 (1.25 or even 1.2)
  • #599,372
  • Feb 23, 2012 9:36pm Feb 23, 2012 9:36pm
Quoting 853efx
when do they sleep?
we dont stop trading while sleeping, i set alarms on my mt4 during sleep hours so i can wake up to alert me
  • #599,373
  • Feb 23, 2012 9:37pm Feb 23, 2012 9:37pm
Quoting 853efx
wonder why the asians have no faith in trading EU at all
Asian's are smart , they only place chip when they can get money back (potential to take stops of US and EU trader )
Mohan
  • #599,374
  • Feb 23, 2012 9:38pm Feb 23, 2012 9:38pm
what if i opened 100/pip around this price and price goes back to 13150 at least - thats like 20k lol
  • #599,375
  • Feb 23, 2012 9:39pm Feb 23, 2012 9:39pm
Quoting 853efx
anything beyond 1.34 is not backed up by anything - it can overshoot no question - but the real price is no higher than 1.3 (1.25 or even 1.2)
that was a long drop from 1.42.

Didn't you see the news, everything is honky dory in EZ now =)
  • #599,376
  • Feb 23, 2012 9:39pm Feb 23, 2012 9:39pm
Quoting tankokjian
we dont stop trading while sleeping, i set alarms on my mt4 during sleep hours so i can wake up to alert me
addict =)
  • #599,377
  • Feb 23, 2012 9:40pm Feb 23, 2012 9:40pm
It makes sense to short that down channel, I am. We may get one more push higher, but then I think there will be a correction.

However, with things perceived to me improving there may indeed be a channel break.

It may also be that the S&P will correct, and with it the Euro.

It's usually a decent strategy to play divergences in the CCI one it hits +/- 200, and this is what is developing. I use a 56 period with a 6 period as the signal with about a 50 pip stop. One usually is in profit enough to move the SL to break even if the divergence fails.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-02-23 at 10.34.03 PM.png Size: 69 KB
  • #599,378
  • Feb 23, 2012 9:46pm Feb 23, 2012 9:46pm
Quoting Fx93
It makes sense to short that down channel, I am. We may get one more push higher, but then I think there will be a correction.

However, with things perceived to me improving there may indeed be a channel break.

It may also be that the S&P will correct, and with it the Euro.

It's usually a decent strategy to play divergences in the CCI one it hits +/- 200, and this is what is developing. I use a 56 period with a 6 period as the signal with about a 50 pip stop. One usually is in profit enough to move the SL to break even if the divergence fails....
only got the frst two lines of urs and thats what i'm after aswell - maybe one moar push (maybe - that why i start to open shorts already at this level - they'll come back to daddy anyway) but if we hit smth like i dunno i'll go nuts and even sell my grannies panties
  • #599,379
  • Feb 23, 2012 9:50pm Feb 23, 2012 9:50pm
but tbh PA rite now is very bullish - support doesnt have to become resistance any time soon - keep that in mind boys and hopefully pretty girls =)
  • #599,380
  • Feb 23, 2012 9:52pm Feb 23, 2012 9:52pm
Anybody point me to a website with S&P 500 realtime chart
Thanks in advance
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