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  • #634,521
  • Apr 26, 2012 4:46pm Apr 26, 2012 4:46pm
It should bounce at 3182 for about 10 -15 pips
  • #634,522
  • Apr 26, 2012 4:46pm Apr 26, 2012 4:46pm
My chart beginning to look like "the day the euro collapsed" do you think we may test 3000 again and maybe breach it tommorow?
@ Micho don't worry I missunderstood yor post sorry
swing it!
  • #634,523
  • Apr 26, 2012 4:49pm Apr 26, 2012 4:49pm
hopefully tokyo's ninja boys would cut a bit bigger slice from EU and GU
  • #634,524
  • Apr 26, 2012 4:53pm Apr 26, 2012 4:53pm
Will this be the push that euro needed to go back into a downtrend? Will we see 1.30 in the next days? Possibly. Untill then i'm short TP 1.3165

Speaking of calling it to the pip:
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  • #634,525
  • Apr 26, 2012 4:54pm Apr 26, 2012 4:54pm
Quoting pips-scout
hopefully they will come to drop the eu like a hot potato. maybe then we will see the price to go below 3150 which is about 40 pips away.
HDA must be pleased
Yeah talk about nerves of steel for HDA, i'm not sure if he factored in the downgrade news, but it certainly helped
Learn to see what's there, not what you want to see.
  • #634,526
  • Apr 26, 2012 4:56pm Apr 26, 2012 4:56pm
Quoting TraderBoyFF
Yeah talk about nerves of steel for HDA, i'm not sure if he factored in the downgrade news, but it certainly helped
No he never does he is pure chartist.
  • #634,527
  • Apr 26, 2012 4:57pm Apr 26, 2012 4:57pm
Quoting megajester
Usually today would have been a great day but im short from a ways back just cant take them losing trades im a gambler at heart. I'll learn one day got too much on the table at the moment for my liking but will start reducing if price continues up, up overall so not complaining
@megajester:

You will learn one day that it pays to be patient. Just dont over trade your account. Just dont want the market to do what you want it to do and learn to listen to the charts and be patient.

I remain short.

Traders: I slept through the entire day - still in pain from the car accident - gonna sleep through the entire night now.

Just came on to give megajester a pep talk.

We hit 1.3180 yesterday which is the turning point as I said and we went back to the top of the Battlezone

Again Those of you who are SHORT - be patient.

I will try to be around tomorrow, depending on how I feel - but I think its best if I rest this pain off from the accident. Though it would have been gone by tonight - might be a couple of days it seems.

TP remains at 1.3005

@Cloggie: Keep up the good work

HDA OUT
  • #634,528
  • Apr 26, 2012 5:00pm Apr 26, 2012 5:00pm
Quoting HDA

I will try to be around tomorrow, depending on how I feel - but I think its best if I rest this pain off from the accident.
Just wondering ............ here is the USA we have painkillers
New voice message: Why are you calling me? If I need you, I'll call you!
  • #634,529
  • Apr 26, 2012 5:02pm Apr 26, 2012 5:02pm
Quoting KillerWhale
Just wondering ............ here is the USA we have painkillers
Painkillers impar judgement and are dangerous to health. They shouldn't be taken unless it's absolutley necesary.

If you can sleep without them you're definetly not enough pain to warrant taking them.
  • #634,530
  • Apr 26, 2012 5:04pm Apr 26, 2012 5:04pm
Quoting cloggie
There are quite a few 1-2 pip trades, purely because I know it is going to go red on me, so I'd rather just take the 2. Never let a trade go red on you, you gotta get paid for your effort, no matter how little.

IF your trade goes back in the red, where are you going to stop it then if not at BE? What is the point of letting it go further against you, get out and get a better entry. F-it, I was wrong, I'll take my 1 pip and try again, no big deal.
ah, i guess i learned somthing form you
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #634,531
  • Apr 26, 2012 5:06pm Apr 26, 2012 5:06pm
Quoting HDA
@megajester:

You will learn one day that it pays to be patient. Just dont over trade your account. Just dont want the market to do what you want it to do and learn to listen to the charts and be patient.

I remain short.

Traders: I slept through the entire day - still in pain from the car accident - gonna sleep through the entire night now.

Just came on to give megajester a pep talk.

We hit 1.3180 yesterday which is the turning point as I said and we went back...
Hi HDA hows you? hpe your pain went away?
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #634,532
  • Apr 26, 2012 5:06pm Apr 26, 2012 5:06pm
Quoting pips-scout
It should bounce at 3182 for about 10 -15 pips
not quite to the feckin pip but close enough.
  • #634,533
  • Apr 26, 2012 5:07pm Apr 26, 2012 5:07pm
Back again, was on the phone and started browsing here, I know, should have known better.

For those that have been following my posts here (and have been taking copious notes...) you know the one number on the daily that would negate the drive to 1.34 that I have been going on about for a week (sorry HDA).

I have posted dozens of time the importance of 3260 to get us through 1.34. so far that has failed. I have also posted an alternative scenario of what would negate that move to 1.34 and I felt I had to repeat that here in the light of the downgrade.

The Spanish downgrade is not that big of a deal, readers here know my thinking of the periphery, they are inconsequential in the grand scheme of the euro project, it is all about Germany.

The number that is important here on the daily to keep us from getting to 1.34 is 1.3187.

Go have a look at your H4 and your daily and see how important that number is.

A close of the H4 below 3187 with a good few closes of either the 30 and H1, will negate the entire prospect of us getting to 1.34,

The indices are very important in this interaction with 3187, especially the DAX and the CAC, they are responsible for 50% of the money flow in the eurozone (not the EU, that's why you never see me mention the FTSE).

A drop to 6678 on the DAX, coupled with a close of the H4 below 3187 will stop us from getting to 1.34.

Neither of that has happened yet, so don't go hoping/anticipating a run down to 1.30 or god forbid 1.27 just yet.

Let me make it very clear, the downgrade of Spain is not that big of a deal, they were put on the watchlist months ago, and this step is long overdue.

I was one of the biggest position traders here on FF and have several times talked through 4-500 pip trades, would I position trade this downgrade? No, it hasn't even crossed my mind for a millisecond.


Ah well, don't mind me, I'll get back to my corner.
  • #634,534
  • Apr 26, 2012 5:10pm Apr 26, 2012 5:10pm
Quoting HDA
@megajester:

You will learn one day that it pays to be patient. Just dont over trade your account. Just dont want the market to do what you want it to do and learn to listen to the charts and be patient.

I remain short.

Traders: I slept through the entire day - still in pain from the car accident - gonna sleep through the entire night now.

Just came on to give megajester a pep talk.

We hit 1.3180 yesterday which is the turning point as I said and we went back...
Im not pissed by the way that i trade i still make profit which i didnt when i use the conventions methods that you read in all the trading books all im saying is trying looking outside the box just another veiw on how to make money in this areana. My style is my style i dont say trade like me as i would say 99% of traders would not be suited. End result do I make money YES thats all i need so no need for pep talk, I know what im doing but thanks for your concern PS im still short
  • #634,535
  • Apr 26, 2012 5:12pm Apr 26, 2012 5:12pm
Quoting cloggie
Back again, was on the phone and started browsing here, I know, should have known better.

For those that have been following my posts here (and have been taking copious notes...) you know the one number on the daily that would negate the drive to 1.34 that I have been going on about for a week (sorry HDA).

I have posted dozens of time the importance of 3260 to get us through 1.34. so far that has failed. I have also posted an alternative scenario of what would negate that move to 1.34 and I felt I had to repeat that here in the light of...
Thats why I closed 4/5 of my trade at 3184 the bounce from 3180.
I left little running with a s/l which will still leave me 3/5 of the profit on this move.should s/l be hit.
good night mate.
  • #634,536
  • Apr 26, 2012 5:12pm Apr 26, 2012 5:12pm
Quoting cloggie

The Spanish downgrade is not that big of a deal, readers here know my thinking of the periphery, they are inconsequential in the grand scheme of the euro project, it is all about Germany.

.
That's true too. Germany's one of the richest countries on Earth, and they're essentially the economic driver behind the Euro.
Learn to see what's there, not what you want to see.
  • #634,537
  • Apr 26, 2012 5:14pm Apr 26, 2012 5:14pm
Quoting megajester
Im not pissed by the way that i trade i still make profit which i didnt when i use the conventions methods that you read in all the trading books all im saying is trying looking outside the box just another veiw on how to make money in this areana. My style is my style i dont say trade like me as i would say 99% of traders would not be suited. End result do I make money YES thats all i need so no need for pep talk, I know what im doing but thanks for your concern PS im still short

HDA was not having a go at your trading, I don't agree at all with his setup and with him carrying drawdowns to the limits he does, however I applaud him for having a plan, one that works for him, and not shying away from critisism here, or even trying to hide his plan.

Trading is all about finding something that is comfortable for you and works for you based on unbiased trading history and solid data.

The way I trade is not for 90% here, you will never see me shoving my strategy down someones throat here, and neither is HDA to be fair, even though we are diametrically opposed in our approach to the markets.
  • #634,538
  • Apr 26, 2012 5:15pm Apr 26, 2012 5:15pm
Quoting TraderBoyFF
That's true too. Germany's one of the richest countries on Earth, and they're essentially the economic driver behind the Euro.

Germany has made trillions on the project and enjoys the lowest unemployment ever, the only thing that is going to kill the euro, is not the periphery, not bankrupt countries like Greece, Spain or Portugal, it is inflation, and that so far is in check.
  • #634,539
  • Apr 26, 2012 5:18pm Apr 26, 2012 5:18pm
Quoting pips-scout
Thats why I closed 4/5 of my trade at 3184 the bounce from 3180.
I left little running with a s/l which will still leave me 3/5 of the profit on this move.
good night mate.

Good trading, this is a major area, just as 3231 and 3260 have been. This is driven of the daily and most retailers totally ignore the daily, at their own detriment and peril.

Just for kicks have a look at DAX futures right now, waddya see? Yup, nothing. EURUSD has overreacted so far on the news.

I am not saying it is going to stay like this, that's why I gave you the levels to watch out for.


Keep in mind that DAX futures are a very thin market this time of night so watch for a gap in the morning, that is going to be the real trigger, only a few lost souls trade it this time of night.
  • #634,540
  • Apr 26, 2012 5:19pm Apr 26, 2012 5:19pm
Quoting cloggie
Back again, was on the phone and started browsing here, I know, should have known better.

For those that have been following my posts here (and have been taking copious notes...) you know the one number on the daily that would negate the drive to 1.34 that I have been going on about for a week (sorry HDA).

I have posted dozens of time the importance of 3260 to get us through 1.34. so far that has failed. I have also posted an alternative scenario of what would negate that move to 1.34 and I felt I had to repeat that here in the light of the...
I guess this is a damn good Advice /Point and which probably gonna keep me wake all night. Thanks
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
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