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EURUSD

  • #656,241
  • Jun 13, 2012 8:20am Jun 13, 2012 8:20am
Quoting shmandi
lets see how far down we can go
Is it 1min chart?
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #656,242
  • Jun 13, 2012 8:20am Jun 13, 2012 8:20am
Quoting Jansen
my plan today is to sell at 1.257/8, just above R2, risk 15 for 60
keeping the pending, if we get there by NY close.
maybe will place a mini lot buy at 1.2514 after option expiry (weekly pivot+24EMA+62EMA), risk 15 for 45
  • #656,243
  • Jun 13, 2012 8:21am Jun 13, 2012 8:21am
Quoting Jansen
keeping the pending, if we get there by NY close.
maybe will place a mini lot buy at 1.2514 after option expiry (weekly pivot+24EMA+62EMA), risk 15 for 45
live in dreamland. now this price will not come.
  • #656,244
  • Jun 13, 2012 8:21am Jun 13, 2012 8:21am
Quoting gravity
@matsou

eur/usd and usd/chf are quite interesting. they're tighly correlated because of the snb intervention. if eur/usd goes down, usd/chf rises and if eur/usd goes up, usd/chf falls. the correlation is actually about 1.2, so if your trading a lot of eur/usd and the market goes in the opposite direction, you can open a usd/chf position 1.2 times bigger than the eur/usd position.. then take profit when the trend turns

I like this..........................
You are a Fun-Loving Trader (I do better when i have fun)
  • #656,245
  • Jun 13, 2012 8:22am Jun 13, 2012 8:22am
This week the correlation of EUR/USD and USD/JPY is .42 which is weak. EUR/USD and USD/CHF is a correlation of -1 which one for one in opposite direction. I had a great position yesterday shorting the Euro long USD/CHF they played perfectly against each other and collected 125 pips on both positions - closed out and 5 mins later it reversed.

I like play that pair. Next highest EUR/USD correlation is EUR/JPY at +.88 and opposite correlation USD/CAD at -.86
  • #656,246
  • Jun 13, 2012 8:22am Jun 13, 2012 8:22am
Quoting Nachiket
live in dreamland. now this price will not come.
a huge chance was there when it broke 55
  • #656,247
  • Jun 13, 2012 8:22am Jun 13, 2012 8:22am
Quoting sukkim
Is it 1min chart?
yes
  • #656,248
  • Jun 13, 2012 8:22am Jun 13, 2012 8:22am
Possible head and shoulders pattern on the hourly?
  • #656,249
  • Jun 13, 2012 8:24am Jun 13, 2012 8:24am
Quoting Nachiket
what distortions. there is 10 billion dollar sell below 1.2000 on eur/chf and traders will try to target that tomorrow which may bring eur/usd taking.
also snb cannot sell all the francs outside switzerland.
  • #656,250
  • Jun 13, 2012 8:25am Jun 13, 2012 8:25am
short or long, we have to wait till 1.2555 becomes support or resistance.

that redline is not holding right now, so the sellers are not interested selling.

That redline should be retested

http://wahai.com/ressupp.png
Patience Pays
  • #656,251
  • Jun 13, 2012 8:25am Jun 13, 2012 8:25am
Quoting mv6
e/u h1 maybe this way :
Another alternative attached.
Attached Image
  • #656,252
  • Jun 13, 2012 8:25am Jun 13, 2012 8:25am
I dont know if this has been posted on this forum already.if so i apologise



http://www.dailyfx.com/forex/technic...ds_1.3000.html
We miss 100% of the shots we don't take
  • #656,253
  • Jun 13, 2012 8:26am Jun 13, 2012 8:26am
Quoting Nachiket
a huge chance was there when it broke 55
agree, probably will not get there. e pending will expire anyway, bonus to me if triggered.
  • #656,254
  • Jun 13, 2012 8:26am Jun 13, 2012 8:26am
Quoting shmandi
yes
So, you are perfect scalping on 1min chart. I scalp with the min chart 15min.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #656,255
  • Jun 13, 2012 8:27am Jun 13, 2012 8:27am
So, here we go. Today I expected a rise, but not to 1.2655 which is 50% on fibo.. I expected 38%.. We know that candles already express the situation in the market.. From that rise I smelled a bad US data. Banks usually know about this data before us, retailers. Now after it got 50% correction to downward trend I expect it to go south to Key West.. 1.2250 But first we have to check, 1.2410, 2360 and then 2270 and down..
Oh, remembered my days in Key West..
  • #656,256
  • Jun 13, 2012 8:28am Jun 13, 2012 8:28am
Quoting Passerby
Another alternative attached.
  • #656,257
  • Jun 13, 2012 8:28am Jun 13, 2012 8:28am
now that's great.. probably the most realistic tech approach for quite a while
  • #656,258
  • Jun 13, 2012 8:28am Jun 13, 2012 8:28am
Quoting Nachiket
also snb cannot sell all the francs outside switzerland.
Not so fast. SNb aint going down that easily.. lets watch eurchf tomorrow..
  • #656,259
  • Jun 13, 2012 8:32am Jun 13, 2012 8:32am
Quoting gravity
@matsou

eur/usd and usd/chf are quite interesting. they're tighly correlated because of the snb intervention. if eur/usd goes down, usd/chf rises and if eur/usd goes up, usd/chf falls. the correlation is actually about 1.2, so if your trading a lot of eur/usd and the market goes in the opposite direction, you can open a usd/chf position 1.2 times bigger than the eur/usd position.. then take profit when the trend turns
Actually correlation cannot go beyond 1 lol
  • #656,260
  • Jun 13, 2012 8:33am Jun 13, 2012 8:33am
every one watching 20
Trade What You See Not What You Want To See
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