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EURUSD

  • #639,161
  • May 3, 2012 10:22am May 3, 2012 10:22am
Quoting Paulenok
Today's low 1.30949
tyvm paulenok
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #639,162
  • May 3, 2012 10:23am May 3, 2012 10:23am
Quoting attila
why?

Attachment
I might be wrong but last time Cable been this high was last year, technically GB is in recession now, there are no good news around for GBP and finally GBP is not correlated with EU for the pat few weeks. again i might be wrong but don't you think the GBP broke your trend line?
I am still a noob so pls be kind when you answer if you can.
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #639,163
  • May 3, 2012 10:24am May 3, 2012 10:24am
Quoting Piters
naah. nothing special.. a bitter sentiment.. I'll see you @ 3050
im short in EUR and Gold too..
@Piters:

Always nice to see your posts. Cheers
  • #639,164
  • May 3, 2012 10:26am May 3, 2012 10:26am
Quoting HDA
@Anti_Losses:

I use to be glued to the wires. Paying subscriptions fees to get the news first and hear what the market talk or buzz was or is. It was too much to take in. Too much to process and I got frustrated, just listening to all that information and that propelled my search to find a simplier way.

In searching I focused on the 3H and found an edge and have never looked back since. Trial and error - I didnt just pick the 3H - it's just alot of testing and testing and testing and I found something - I could...
Thank you for your explanation.
Ya, sitting in front of the computer is really tiring but here I am at it for about 4 to 6hrs a day... I still have a day time job.
What is your average waiting time? 1 to 2 months?
  • #639,165
  • May 3, 2012 10:30am May 3, 2012 10:30am
Quoting HDA
@Avir

I have 1.30958 but what was his spread at the time? Did his spread remain constant? You have to factor in your spread when looking at if his order would have been filled.

So if your TP is 1.3098 and your spread is 3pips - for your order to be filled - price would have to reach 1.3095.

In other words, the 3 pip spread has two levels that makes it 3 pips - you have the bid price and the ask price. The Bid Pice is the bottom and the ask price is the top

So the ask price of the spread would have to reach 1.3098...
As always, good as HDA. Tnx http://www.forexfactory.com/images/icons/icon14.gif
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #639,166
  • May 3, 2012 10:30am May 3, 2012 10:30am
Quoting Anti_Losses
Thank you for your explanation.
Ya, sitting in front of the computer is really tiring but here I am at it for about 4 to 6hrs a day... I still have a day time job.
What is your average waiting time? 1 to 2 months?
@Anti_Losses:

Sometimes a trade takes 21 trading days to work out, but you have to remember not to create a bias. Its very important to listen and respond in a timely manner -

So a short can easily become a buy, but you must see it, acknnowledge it and change, dont hold unless the charts say to hold.
  • #639,167
  • May 3, 2012 10:31am May 3, 2012 10:31am
Quoting HDA
@Piters:

Always nice to see your posts. Cheers
DXY for you my friend.. weekly and daily.. this is what I am looking... on higer TF..
as for intraday.. we had a small bullish divergence on 1H.. we tested 3180 and we probably are going to test 30ish area..
  • #639,168
  • May 3, 2012 10:33am May 3, 2012 10:33am
Quoting breffniman
Hi Guys one of the gang here had a website that showed all the bloomberg video, pivot points etc. Anyone got a link to it?

Thanks in advance
try whumble.com ?
  • #639,169
  • May 3, 2012 10:33am May 3, 2012 10:33am
Quoting samdani786
In the middle of this chart, you will see a number pointed out as 3145. it was a huge support and that is the actuall # big boys look at. Momentum takes us 5/10 pips up or down but I think smart money always look at these big S&R areas on weekly .

It is just my opinion and I could be wrong completely.


until now you were right.
i watched this very closely at m1 and it seemed that there was a real resistance there. thx for sharing your view


btw: what will happen next in your view?
  • #639,170
  • May 3, 2012 10:34am May 3, 2012 10:34am
Oh Gosh, my TP at .3095 was not taken out, checked with my broker and found that it had missed by 0.2 pips. In the end, was stopped out eventually by the big spike up.

This is my fourth time since last week.


Quoting HDA
@Avir

I have 1.30958 but what was his spread at the time? Did his spread remain constant? You have to factor in your spread when looking at if his order would have been filled.

So if your TP is 1.3098 and your spread is 3pips - for your order to be filled - price would have to reach 1.3095.

In other words, the 3 pip spread has two levels that makes it 3 pips - you have the bid price and the ask price. The Bid Pice is the bottom and the ask price is the top

So the ask price of the spread would have to reach 1.3098...
The true fact is market doesn't care, risk mgt is important.
  • #639,171
  • May 3, 2012 10:35am May 3, 2012 10:35am
Quoting HDA
@Anti_Losses:

Sometimes a trade takes 21 trading days to work out, but you have to remember not to create a bias. Its very important to listen and respond in a timely manner -

So a short can easily become a buy, but you must see it, acknnowledge it and change, dont hold unless the charts say to hold.
I can see you change your TP as and when you see changes in the orders placed.
But based on what you posted, it means you ever see large orders suddenly pull out and you will reverse your position?
  • #639,172
  • May 3, 2012 10:36am May 3, 2012 10:36am
Quoting Avir
Cable is so unreal, i am very P off'd
Need keep her tight she squeezed in a triangle daily.
Presently 6158 - 6290 ish now and decreasing each candle, could long the red ltl and short the red utl waiting BO, anywhere in the middle is risky, unless you want go down little timeframes,
I prefer short the utl red cause it is the strongest.

Trade safe
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Daily 4 5 2012.png Size: 41 KB
If you are new to Forex? Say Goodbye to your account!!
  • #639,173
  • May 3, 2012 10:38am May 3, 2012 10:38am
Quoting Piters
DXY for you my friend.. weekly and daily.. this is what I am looking... on higer TF..
as for intraday.. we had a small bullish divergence on 1H.. we tested 3180 and we probably are going to test 30ish area..

[Charts]
@Piters:

Yep - its clear as day - That's a 6 month TF though, so alot will happen in between, but overall you are on the money.
  • #639,174
  • May 3, 2012 10:40am May 3, 2012 10:40am
Quoting Avir
I might be wrong but last time Cable been this high was last year, technically GB is in recession now, there are no good news around for GBP and finally GBP is not correlated with EU for the pat few weeks. again i might be wrong but don't you think the GBP broke your trend line?
I am still a noob so pls be kind when you answer if you can.
Oh, I'm nice..

Here are my reasons....Not saying I'm right though...

Edit: I don't care about trend lines. They are subjective...
One other thing.. Somebody here said it... Olympics.. Nice to have a strong currency..




Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 103 KB
  • #639,175
  • May 3, 2012 10:45am May 3, 2012 10:45am
kiwi tapping 8000 nice pchyc level, bear do good to get here, if can break her will be violent, aussie has pierce ground zero twice now, so is big scrap these girls
If you are new to Forex? Say Goodbye to your account!!
  • #639,176
  • May 3, 2012 10:46am May 3, 2012 10:46am
Quoting HDA
@Freshpips:

I completely ignore the news - I do not pay any attention to it.
I appreciate the reply. Im still learning and havent had much joy trading the news so far! I have heard that alot of the experienced traders leave the news alone... I think i may do the same for the foressable future..

Thanks
  • #639,177
  • May 3, 2012 10:48am May 3, 2012 10:48am
Quoting Anti_Losses
I can see you change your TP as and when you see changes in the orders placed.
But based on what you posted, it means you ever see large orders suddenly pull out and you will reverse your position?
@Anti-Losses:

One of the tricks that most traders do - is they place fake orders to get the market to bite - This is to try and get the market to go the way they want it to go -

So very large fake orders are placed. You never know which orders are real - as in real to mean - which they will actually fill. So its important to just pay attention to the strong support and resistance.
  • #639,178
  • May 3, 2012 10:48am May 3, 2012 10:48am
2nd trade 31454 short.
3100 psych level.
bad place is 13166 psych level.
France wildcard.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #639,179
  • May 3, 2012 10:52am May 3, 2012 10:52am
Quoting Piters
DXY for you my friend.. weekly and daily.. this is what I am looking... on higer TF..
as for intraday.. we had a small bullish divergence on 1H.. we tested 3180 and we probably are going to test 30ish area..
@Piters:

I didnt finish looking at your chart
  • #639,180
  • May 3, 2012 10:53am May 3, 2012 10:53am
Quoting HDA
@Piters:

Yep - its clear as day - That's a 6 month TF though, so alot will happen in between, but overall you are on the money.
I know..

looking at the weekly only, since that drop of 2314pips [1.4940 to 1.26240], we are stuck in few month range under Fibo382 [1.3510], weak recovery in a tight range, and we are going in lower and lower range.. which we know implies a strong breakout... Up or DOWN.. it is a question...

we wait, we watch, we hide and we Hunt
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