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  • #41
  • Jul 10, 2012 2:49am Jul 10, 2012 2:49am
Quoting MaxDoom
ah ha found you all

nice thread tom
Good to have you around Max, any thoughts about current situation?
swing it!
  • #42
  • Jul 10, 2012 2:54am Jul 10, 2012 2:54am
Quoting tomspin
Good morning all

Over night drop in Euro was really nice and as I am writing I can see more weakness lay up ahead. Chilly posted nice signal - good point to start position again if somebody's not on it yet. Good place for sideliners would be under 1,2275 I do have my last sell stop at 70.
Aussie gave me a faster heart rate yesterday - doing a bit of countertrading here as daily and h4 is in uptrend I missed!!!!Maybe because I don't use much trendlines. Anything under 1.0160 will be a confirmation of my plan however I am ready to...
Careful Tom on your AUD/USD trade, as I talked about the AUD strength fundamentally. You are relying heavily on dollar strength right now.

Also China's inflation came in lower than expected, a lower inflation always means more room for monetary easing as the number 1 concern governments always have when producing stimulus is inflation.

My EUR/AUD is in the green after the EUR tried to gain strength yesterday to no avail.

Still going to be avoiding USD pairs until fundamentals line up with market sentiment.

Or the magical Bernanke QE3 and it is all in for AUD/USD
  • #43
  • Jul 10, 2012 3:02am Jul 10, 2012 3:02am
my sell stop on aud/usd only happens under 1.0145 area. if not it's on the uptrend for me.
  • #44
  • Jul 10, 2012 3:03am Jul 10, 2012 3:03am
Quoting Esssex
Careful Tom on your AUD/USD trade, as I talked about the AUD strength fundamentally. You are relying heavily on dollar strength right now.

Also China's inflation came in lower than expected, a lower inflation always means more room for monetary easing as the number 1 concern governments always have when producing stimulus is inflation.

My EUR/AUD is in the green after the EUR tried to gain strength yesterday to no avail.

Still going to be avoiding USD pairs until fundamentals line up with market sentiment.

Or the magical Bernanke QE3 and it...
I know mate, playing with fire a bit in here - not smart thing to do but I do have strategy on this one and in worst case scenario part of fridays gains will be given back to Mr Market.
RR is worth it but I must admit I failed to fully understand situation with Aussie.
Did you look at COT? do you use it in your analysis? 20/18 could be our summer bottom and thing could turn around from sept.
swing it!
  • #45
  • Jul 10, 2012 3:05am Jul 10, 2012 3:05am
THIS


  • #46
  • Jul 10, 2012 3:07am Jul 10, 2012 3:07am
Quoting tomspin
Good to have you around Max, any thoughts about current situation?
no change from yesterday really. Obviously the outlook is very bearish at the moment and I have some targets stretching down to 1.20.

But, it was a fast drop last week with little consolidation and the market is even more short than ever. That leaves the door open for a possible consolidation/retrace before a further move down and since yesterday morning we have seen PA to support that.

I have my eye on 1.236x and 1.240x as nice short points.

I am currently long looking for that minor retrace.
  • #47
  • Jul 10, 2012 3:08am Jul 10, 2012 3:08am
Quoting duyk20
THIS

Too much distractions - not enough productive discussion, this is all I can say about it.
swing it!
  • #48
  • Jul 10, 2012 3:11am Jul 10, 2012 3:11am
Quoting MaxDoom
no change from yesterday really. Obviously the outlook is very bearish at the moment and I have some targets stretching down to 1.20.

But, it was a fast drop last week with little consolidation and the market is even more short than ever. That leaves the door open for a possible consolidation/retrace before a further move down and since yesterday morning we have seen PA to support that.

I have my eye on 1.236x and 1.240x as nice short points.

I am currently long looking for that minor retrace.
24 would be heaven maybe we will bounce up after another test of the recent low? we'll see
Good luck to you & your plan
swing it!
  • #49
  • Edited 3:28am Jul 10, 2012 3:12am | Edited 3:28am
Sell 1.2290, SL 1.2307, TP open on EU.

Sell 79.24, SL 79.45, TP open on UJ.

Sentiment trades, small SL's, don't follow.

Will secure both to BE+1 at +30 pips each, just in case, and if we get there. I'm trying to catch a knife here, but I'll position build if it goes according to plan.

The drop gives a somewhat bearish descent sentiment to me (i reffer to the one from last night), and I was a natural born bear, after all.

LE : moves SL to 15, just to be sure that it stumbles through the LTL.
Please, just slap me around if I'm being silly ...
  • #50
  • Jul 10, 2012 3:35am Jul 10, 2012 3:35am
The resistance to break here on e/u seems to ~1.2320. If we break it my first target will be 1.2366.
  • #51
  • Jul 10, 2012 3:39am Jul 10, 2012 3:39am
Quoting C5fx
The resistance to break here on e/u seems to ~1.2320. If we break it my first target will be 1.2366.
yes 2320 is a key level here for bulls

edit cable and aussie liquidated, euro close to my stops
swing it!
  • #52
  • Jul 10, 2012 3:42am Jul 10, 2012 3:42am
Quoting tomspin
yes 2320 is a key level here for bulls

edit cable and aussie liquidated, euro close to my stops
Stopped out on EU, looking to buy from a clear break of 20. Riding it to 60.
Please, just slap me around if I'm being silly ...
  • #53
  • Jul 10, 2012 3:45am Jul 10, 2012 3:45am
Quoting daemon_delux
Stopped out on EU, looking to buy from a clear break of 20. Riding it to 60.
I am not looking for buy, I'd rather wait for short sell, selling my currency EUR/PLN as it is corelated to EUR/USD she should rise now until 2390/24 and this will reduce my losses.
swing it!
  • #54
  • Jul 10, 2012 3:45am Jul 10, 2012 3:45am
Quoting MaxDoom
I am currently long looking for that minor retrace.

nice start
  • #55
  • Jul 10, 2012 3:51am Jul 10, 2012 3:51am
This is my currency a bit of exotic one, I finally found broker/polish bank which has a normal spread as my different account has a minimum 50 pips spread!
This is a best moving pair, larger moves and it is corelated to our main lady, if euro's up she will go up and the other way around - 100 pips atm
If your broker has it consider it,

http://s16.postimage.org/d9ueq2zvp/pln.gif
upload photo
swing it!
  • #56
  • Jul 10, 2012 3:52am Jul 10, 2012 3:52am
Quoting MaxDoom
nice start
Indeed, congrats
swing it!
  • #57
  • Jul 10, 2012 4:06am Jul 10, 2012 4:06am
Quoting tomspin
This is my currency a bit of exotic one, I finally found broker/polish bank which has a normal spread as my different account has a minimum 50 pips spread!

upload photo
I can trade it but at 35 spread ie: 42000.0 - 42035.0 so a bit excessive. I cn get much lower on my saxo account but I have been trying to get away from them
  • #58
  • Jul 10, 2012 4:18am Jul 10, 2012 4:18am
Quoting MaxDoom
I can trade it but at 35 spread ie: 42000.0 - 42035.0 so a bit excessive. I cn get much lower on my saxo account but I have been trying to get away from them
I always wanted to trade her because of a large moves, most of my brokers had the same spread as you and they've stretched spread up to 100(!) sometimes, found a new one but you have to be resident here to apply for account, I think FX Pro and Dukas got it but I have no idea what spread is.
generaly I would avoid anything above 10/12 pips spread - too expensive as you said.
swing it!
  • #59
  • Jul 10, 2012 4:24am Jul 10, 2012 4:24am
Sold her again
SL @ 1,2320
TP open with 2275 on my mind
http://s13.postimage.org/ba9o4ax3b/euro.gif
hosting images

have to go, this was my last trade today
See you later,
swing it!
  • #60
  • Jul 10, 2012 4:51am Jul 10, 2012 4:51am
after the breakout from 1.2295 on buy stop, i don't sell her anymore yet. she's too near further buy stops. Daily chart looks good for bull, stoch just crosses each other as a signal for trend change.

1hr and 15min formed support at 1.2287-1.2303 for min 15, and 1.2287-1.2313 for 1hour.

Min 15's support stands for now. Next level to watch 1.2360. Unless bear can return to sell back this support into 1.2285. I am neutral on both at this juncture. Neither bull nor bear.
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