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EURUSD

  • #654,021
  • Jun 8, 2012 8:38am Jun 8, 2012 8:38am
nothing in the way of 1.241x just needs a few sellers
  • #654,022
  • Jun 8, 2012 8:40am Jun 8, 2012 8:40am
Bought again and out for a quick +11 pip ... waiting now for reversal to open a new but position .
  • #654,023
  • Jun 8, 2012 8:43am Jun 8, 2012 8:43am
Quoting MaxDoom
nothing in the way of 1.241x just needs a few sellers
It all comes to this if they can push through 32 and close below 52.

If above 52, likely see strong buying there.
They think they are smarter than I am.
  • #654,024
  • Jun 8, 2012 8:45am Jun 8, 2012 8:45am
Quoting Z3iz3i
It all comes to this if they can push through 32 and close below 52.

If above 52, likely see strong buying there.

refering to the hourly?
  • #654,025
  • Jun 8, 2012 8:45am Jun 8, 2012 8:45am
Quoting Z3iz3i
Weekly stops stops stops....
Yes, last week closed price, they still could go there later...

Best Regards,
Pico.
  • #654,026
  • Jun 8, 2012 8:48am Jun 8, 2012 8:48am
Quoting MaxDoom
refering to the hourly?
4hr at the same time GMT +1.
They think they are smarter than I am.
  • #654,027
  • Jun 8, 2012 8:49am Jun 8, 2012 8:49am
Quoting roreki
Yeah , 2600 was a very good area to sell yesterday , i had +60 pips yesterday from selling it .. nice line chart by the way
and i did opposite . and still losing 130 pips
  • #654,028
  • Jun 8, 2012 8:49am Jun 8, 2012 8:49am
Quoting mikeylp
Do you explore other currencies rather than only one, EURUSD?

Because there are many opportunities, though flat is better than losing...

1D TF: GOLD, EU, AU, UC, EJ, GU, UY.
I trade them all (some interday as well), more than 500 pips for 24 hours and almost 50 dollars move for gold.
I don't want to sound like I am judging, just saying many... better to put in words "Endless" opportunities.
Frankly I am very tired to look the charts for today, closed all my interday ones, only 1d are left.

yes i do. i trade usdcad, eurjpy,gbpusd and audusd
  • #654,029
  • Jun 8, 2012 8:50am Jun 8, 2012 8:50am
Quoting Esssex
Don't see the point of trading so many pairs especially when they are all correlated.

I get Gold and U/J because I trade them too but the rest all move in tandem with one another. Why complicate things with more charts and S/R levels?
Correlation is more of a coincidence, what determine market moves is how traders pending and open positions are on the board...

Best Regards,
Pico.
  • #654,030
  • Jun 8, 2012 8:52am Jun 8, 2012 8:52am
what should be the next area to short?
  • #654,031
  • Jun 8, 2012 8:52am Jun 8, 2012 8:52am
Quoting fxloser
and i did opposite . and still losing 130 pips
hey buddy where are you from?

we got same country though

I am sad you have a wrong position opened there however we might see 1.2542 tonight
  • #654,032
  • Jun 8, 2012 8:53am Jun 8, 2012 8:53am
Quoting mikeylp
There is coloration but not that quite, different candles and patterns, harmonics, S/Rs, AU and UC have many moves regardless of what EU, the same for UJ and EJ. The tech analyses is based on repetition moves (patterns) which give us trade signals, and more markets (charts) with different time frames represent more signals.
Why put all in one basket when we can divide to several and limit the risk, like building Stocks Portfolio, 1:10 or even 1:20.
Maybe I am wrong, but it works for me, if I get EU signal and EJ nothing, I'll trade only EU.
Except that diversification is done by putting cash into stocks with weak correlation so as to mitigate standard deviation and volatility.

Diversification into assets with strong correlation is as good as buying just 1 asset. The volatility and standard deviation has not been lowered, in fact it may even increase depending on the existing SD of the individual asset.

Just food for thought. If say you monitor different pairs it is ok but if you take the same position for those strongly correlated pairs(Eg Long EUR/USD and GBP/USD) you are effectively taking on more risk and it is safer taking 2 longs on the EUR/USD instead.
  • #654,033
  • Jun 8, 2012 8:55am Jun 8, 2012 8:55am
Quoting fxloser
and i did opposite . and still losing 130 pips
it's ok .. it happens to all of us speacially when u r in the beginning of your trading life , make sure that you put a stop loss for yourself to avoid big loss and if you can open another buy position open one but ONLY if you saw a reversal signal to this downtrend . wish you a safe trade buddy .
  • #654,034
  • Jun 8, 2012 8:55am Jun 8, 2012 8:55am
Interesting to see if freak impulse will occur after close

Little bit like a tidal wave....boohoohoo
They think they are smarter than I am.
  • #654,035
  • Jun 8, 2012 8:56am Jun 8, 2012 8:56am
Quoting ptetech
hey buddy where are you from?

we got same country though

I am sad you have a wrong position opened there however we might see 1.2542 tonight
i would love to sell it at this price if it comes
  • #654,036
  • Jun 8, 2012 8:56am Jun 8, 2012 8:56am
Quoting Esssex
Except that diversification is done by putting cash into stocks with weak correlation so as to mitigate standard deviation and volatility.

Diversification into assets with strong correlation is as good as buying just 1 asset. The volatility and standard deviation has not been lowered, in fact it may even increase depending on the existing SD of the individual asset.

Just food for thought. If say you monitor different pairs it is ok but if you take the same position for those strongly correlated pairs(Eg Long EUR/USD and GBP/USD) you are effectively...
this is the only reason i dont trade on more than one pair at a time
  • #654,037
  • Jun 8, 2012 8:56am Jun 8, 2012 8:56am
Quoting Trader8888
what should be the next area to short?
Between 2520-2550
  • #654,038
  • Jun 8, 2012 8:57am Jun 8, 2012 8:57am
my order position

e/u buy limit 2420 sl 2380 tp 2500
More on my Blog...
  • #654,039
  • Jun 8, 2012 8:57am Jun 8, 2012 8:57am
obama gives a speech on the US economy in 15min
Daily Target: 20 pips
  • #654,040
  • Jun 8, 2012 8:58am Jun 8, 2012 8:58am
To shake the market, you need much money trading directly through the banks...

Best Regards,
Pico.
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