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  • #14,301
  • May 2, 2012 2:55am May 2, 2012 2:55am
Quoting Chika Kure
closed that on +9 pips, or +0.5% because AU is much slower movement than EU, and I dont want a BE, not the entry of the year
Haha, well said. Lets see, I would like to see pullback of a sort else direct fall will bring me NO entry...cant short into support..
  • #14,302
  • May 2, 2012 3:22am May 2, 2012 3:22am
The thing I dont like the most when trading is that of DIRECT rise/fall.

If u dont position yourself you are missing a trade because, thats not a trend, you dont have a chance to enter on PB.
  • #14,303
  • May 2, 2012 3:33am May 2, 2012 3:33am
Cable is good to retace went for it on m1 "river" setup

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  • #14,304
  • May 2, 2012 3:34am May 2, 2012 3:34am
I agree. Direct down or up is just annoying. Like looking at Annoying Orange all day.

The other thing - last days FORECAST of news are very very bad, ussually the opposite happens, just look at Construction PMI for GBP. And a few news couple a days ago.

Then, for what puprose is that forecast? To stick that where the sun dont shine, I suppose...
  • #14,305
  • May 2, 2012 3:35am May 2, 2012 3:35am
good morning T and gang...

1.3214 should not break to allow more down... my two staling points at 1.3185 and 1.3198...

downside 1.3156, 1.3143, 1.3127 - 1.3127 may hold.. be careful though my indi still show bearishness...
  • #14,306
  • May 2, 2012 3:37am May 2, 2012 3:37am
THe power of M1 "river"

Just closed

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  • #14,307
  • May 2, 2012 3:44am May 2, 2012 3:44am
Quoting Chika Kure
I agree. Direct down or up is just annoying. Like looking at Annoying Orange all day.

The other thing - last days FORECAST of news are very very bad, ussually the opposite happens, just look at Construction PMI for GBP. And a few news couple a days ago.

Then, for what puprose is that forecast? To stick that where the sun dont shine, I suppose...
Those news releases give only a temporary momentum and direction, after the initial move is done, it continues to move in its Higher TF trend. Bounced off yesterdays low.

Quoting jaylovin
good morning T and gang...

1.3214 should not break to allow more down... my two staling points at 1.3185 and 1.3198...

downside 1.3156, 1.3143, 1.3127 - 1.3127 may hold.. be careful though my indi still show bearishness...
hey J,

EU is stuck in its major range since january this year. I agree with u, from intraday perspective..EU broke thru 3207 3220 should be the maximum, im still waiting for retrace on EU pair.
  • #14,308
  • May 2, 2012 3:58am May 2, 2012 3:58am
Quoting T@rantula
hey J,

EU is stuck in its major range since january this year. I agree with u, from intraday perspective..EU broke thru 3207 3220 should be the maximum, im still waiting for retrace on EU pair.

i won't be trading for another month at least... my contract due to end around the end of may... i'm hoping by then we break out into a tend of the summer that i can catch a ride on... NFP friday will be interesting...
  • #14,309
  • May 2, 2012 4:10am May 2, 2012 4:10am
Quoting jaylovin
i won't be trading for another month at least... my contract due to end around the end of may... i'm hoping by then we break out into a tend of the summer that i can catch a ride on... NFP friday will be interesting...
Yes NFP should give some direction for next few weeks.

We need to pay attention to ADP release today.
  • #14,310
  • May 2, 2012 4:29am May 2, 2012 4:29am
Quoting T@rantula

Now the risk to the downside lies only if 3207 breaks giving a possible target of 3175.
Great day for position traders for my style- no. Only cable supported my trading style today.

If EU closes below 3140 3118 is the target. 3175 has been broken, we had some retests but not valid pullback towards 3200 at least ( 3205 WPP)
  • #14,311
  • May 2, 2012 4:36am May 2, 2012 4:36am
Quoting t@rantula
great day for position traders for my style- no. Only cable supported my trading style today.

If eu closes below 3140 3118 is the target. 3175 has been broken, we had some retests but not valid pullback towards 3200 at least ( 3205 wpp)

1.3127 > 1.3114 > 1.3106 > 1.3098
  • #14,312
  • May 2, 2012 5:19am May 2, 2012 5:19am
Quoting jaylovin
1.3127 > 1.3114 > 1.3106 > 1.3098
I went with ATR which has already been overshot. Ill wait for ADP release for next setup.
  • #14,313
  • May 2, 2012 6:01am May 2, 2012 6:01am
Hi T. I am back and missed the move.
I agree with you, ATR overshot and not a good trading time.
So I can't enter now. Will have to wait for the ADP too...
-
Quoting T@rantula
I went with ATR which has already been overshot. Ill wait for ADP release for next setup.
  • #14,314
  • May 2, 2012 6:37am May 2, 2012 6:37am
Quoting danc
long Cable based on 4 hr raw and candles on day and 4 hr and week PPX..and obscure year pivot
dropped 40 on this cause i was lazy..
  • #14,315
  • May 2, 2012 6:55am May 2, 2012 6:55am
Quoting T@rantula
I went with ATR which has already been overshot. Ill wait for ADP release for next setup.

yup pullback would be nice... but then 1.3127 or 1.3113 would be nice for bounce back up...
  • #14,316
  • May 2, 2012 6:57am May 2, 2012 6:57am
Welcome back B, D and Jay.

Lets wait for ADP release
  • #14,317
  • May 2, 2012 7:42am May 2, 2012 7:42am
Bad number, but impact only on Gold and Dow... nothing so far on EUR.
Wish that O.C.O. orders can be used with MT4... for more volatile instruments. Just a thought.
  • #14,318
  • May 2, 2012 8:07am May 2, 2012 8:07am
Id suggest selling rallies. 3150-65 would be good with stops close to 3185. Target is 3080.
  • #14,319
  • May 2, 2012 8:31am May 2, 2012 8:31am
Stops above 1.3185 should do it
I have 1.3070 as target. Still Waiting for a retrace to enter

I think we are
Quoting T@rantula
Id suggest selling rallies. 3150-65 would be good with stops close to 3185. Target is 3080.
  • #14,320
  • May 2, 2012 8:31am May 2, 2012 8:31am
Thanks m8.

Quoting T@rantula
Welcome back B, D and Jay.

Lets wait for ADP release
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