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EURUSD

  • #672,501
  • Jul 27, 2012 1:24am Jul 27, 2012 1:24am
Morning all,

Short

EUR @ 1.2292

GBP @ 1.5688

small stops
  • #672,502
  • Jul 27, 2012 1:31am Jul 27, 2012 1:31am
Quoting mohan76
how are you bro ,

i still having trouble figuring out why i went short yesterday ? i hope i back to trading tonight , yesterday i made mistakes above acceptable level recovery may take at least a week
nope short was still the order of the day, super mario is stuffed everything up as usual, but sl should have minimized any losses.
I have not traded edit news for quite awhile, now, pa reaction has been to unreliable / consistant

Brit ladies was key yesterday, been in and out today, waiting london,
But you is good bull trader, you really need to use daily zones them will be very helpful, I will email formula or zones as them print, they nice to have on charts each day, them really proves their worth days even weeks later

example eu au kiwi above both open ans asian zones, swissy below,this is no go for me,
cable and geppy both were below, and I have clip little pips off them, but frankie is pushed cable up through her zone right now, geppy is approaching the top of her zone right now, about 2 pips away,

however am not interest frankie bs, I am wait brit open
If you are new to Forex? Say Goodbye to your account!!
  • #672,503
  • Jul 27, 2012 1:33am Jul 27, 2012 1:33am
Quoting Dayboy001
Morning all,

Short

EUR @ 1.2292

GBP @ 1.5688

small stops
how much your SL?
  • #672,504
  • Jul 27, 2012 1:34am Jul 27, 2012 1:34am
i was in good direction on monday but f. i dont have patience to wait not a first time. i change my mind on thursday morning before strong up.

so can blaim only my self.

u know it was pretty low euro and i buy at 2075 but those info coming all around create a panic that its gona fall to 1999
  • #672,505
  • Jul 27, 2012 1:38am Jul 27, 2012 1:38am
Quoting Dayboy001
Morning all,

Short

EUR @ 1.2292

GBP @ 1.5688

small stops
Agree with you stops around 20 pip
Loosening is not an option
  • #672,506
  • Jul 27, 2012 1:41am Jul 27, 2012 1:41am
I just read a news feed titled. "Barclays reported that hey cut Spanish bond holdings by 13% and Italian bond holdings by 27%"

For you experts, what kind of effect do you feel this will have on the EUR/USD pair?
Luck has no place in trading. Leave that for the poker table.
  • #672,507
  • Jul 27, 2012 1:43am Jul 27, 2012 1:43am
Quoting KiwiTrada
nope short was still the order of the day, super mario is stuffed everything up as usual, but sl should have minimized any losses.
I have not traded edit news for quite awhile, now, pa reaction has been to unreliable / consistant

Brit ladies was key yesterday, been in and out today, waiting london,
But you is good bull trader, you really need to use daily zones them will be very helpful, I will email formula or zones as them print, they nice to have on charts each day, them really proves their worth days even weeks later

example...
my s/l little wide, it protected my account , reason i am very annoyed on my self , repeat shoring (revenge) .

DAX have weekly open gap to fill 6632 , now @ 6617 it might try to fill it today , additionally its have today open gap to 657x
spain & Italy 10y falling bond yield falling


edit
Spanish Unemployment Rate due in 12 min , expectation little high very hard to go worse than expectation
Mohan
  • #672,508
  • Jul 27, 2012 1:47am Jul 27, 2012 1:47am
Waiting for 1.2329 again, long from 1.2285
New voice message: Why are you calling me? If I need you, I'll call you!
  • #672,509
  • Jul 27, 2012 1:48am Jul 27, 2012 1:48am
buy EU TP 1.2328
will sell at 1.2328
  • #672,510
  • Jul 27, 2012 1:49am Jul 27, 2012 1:49am
Quoting alexbs
how much your SL?
added GBP @ 1.2311

stops for both @ 1.2320

added EUR @ 1.5697

stops for both @ 1.5707
  • #672,511
  • Jul 27, 2012 1:49am Jul 27, 2012 1:49am
Quoting Dayboy001
Morning all,

Short

EUR @ 1.2292

GBP @ 1.5688

small stops
why do you still prefer to short euro at this time ?
trading live like a demo...
  • #672,512
  • Jul 27, 2012 1:50am Jul 27, 2012 1:50am
Quoting MaxDoom
I prefer to work with only the most recent data as that has more meaning and I use only simplified trend and correction patterns which just work over and over.
I've been reading MaxDoom's posts for long enough to realize he is spot on the vast majority of the time! The only issue I see for following waves is if a massive piece of news comes out that is against the current wave movement and the market kicks off totally in the opposite direction to where it was steadily drifting off to before. But as long as you keep an eye on the news and don't get too obsessed with every wave being spot on I don't see a problem.
  • #672,513
  • Jul 27, 2012 1:51am Jul 27, 2012 1:51am
Quoting KillerWhale
Waiting for 1.2329 again, long from 1.2285
Double top and rejection would be fun but I'm afraid we'll see higher values up to 1.24 at least
New voice message: Why are you calling me? If I need you, I'll call you!
  • #672,514
  • Jul 27, 2012 1:51am Jul 27, 2012 1:51am
10 year bond yield -11bp to 6.82%
Italy drops below 6% to 5.95%
  • #672,515
  • Jul 27, 2012 1:54am Jul 27, 2012 1:54am
looking at EU upside potential.......

Firstly, looking at the last swing down from 1.348x to 1.204x - it completed a very clean 5wave trend ending in a little past the target zone which suggests that it is stretched.
within that the 5th wave 1.274x to 1.204x was itself a nice clean 5wave trend ending right at the far side of the targt zone.

As you know I was therefore expecting a correction and traded it up from the bottom - but how far do we go.....

Using standard correction analysis:

First I am looking for a correction of the last part from 1.274x - 1.204x
that gives me an initial target zone of 1.239x to 1.247x

but it will most likely be formed in an ABC three wave structure so some pullback should be expected before the target is reached. A classic pullback area is 38% which it reached yesterday at 1.2310 so be on the look out for that.

Second I will look for a correction of 1.348x to 1.204x IF the price reaches 1.2590. and that will give initial target zone of 1.276x to 1.293x

There were some good confluences with the targets of these swings down and now also of the fib ratios for retrace all of which points to higher probability - see chart

So my trade plan - Long all the time the price is above 1.217x - watch out for a pull back from the current area 1.231x
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  • #672,516
  • Edited 2:17am Jul 27, 2012 2:06am | Edited 2:17am
Quoting rsmith911
I've been reading MaxDoom's posts for long enough to realize he is spot on the vast majority of the time! The only issue I see for following waves is if a massive piece of news comes out that is against the current wave movement and the market kicks off totally in the opposite direction to where it was steadily drifting off to before. But as long as you keep an eye on the news and don't get too obsessed with every wave being spot on I don't see a problem.

nice of you to say chap.

as with all analysis fundi or technical you always have to adjust it as the scenario changes.

I found one of the biggest lessons in trading was not about about getting it right, or mm or rr etc. but before you place a trade decide at what point you will be proved wrong in your trade assumption - if you know then you can get out at the right place of a bad trade.
  • #672,517
  • Jul 27, 2012 2:06am Jul 27, 2012 2:06am
Quoting mohan76
my s/l little wide, it protected my account , reason i am very annoyed on my self , repeat shoring (revenge) .

DAX have weekly open gap to fill 6632 , now @ 6617 it might try to fill it today , additionally its have today open gap to 657x
spain & Italy 10y falling bond yield falling


edit
Spanish Unemployment Rate due in 12 min , expectation little high very hard to go worse than expectation
yes yes I will post au as example this time, and will send e mail with explanation later
briefly
this weeks zones mon thru friday
yellow 24hrs period orange 20hr period
this for sell only is to confuse for bot buy and sell but plan is the same for buy only in reverse
yellow boxes are open zones orange asian open zones, key is to sell top of zones , sl just outside upper zone level, ideal entry as close to top as possible
entries only inside zones, once pa go your way, and exit zone, can micro manage sl tp etc, pa break zone you be stopped, sit on hands and either wait til tomorrow zones print or pa comes back into zones, game back on

I have been trialing buying as well from bottom of zone, and caught cable and geppy with mario bs, wasa a wierd feeling bro, watching bears getted smashed and making money was very odd feeling, nice but odd


Frankie is bs. be ready brit open bro bbl
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If you are new to Forex? Say Goodbye to your account!!
  • #672,518
  • Jul 27, 2012 2:12am Jul 27, 2012 2:12am
Okay ...

2012-07-26_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-30 # I45 (Text DEN)

#672482

Asian Session Summary:

First down ... then up ... that is what we did say ...

Downside has been limited at 1.2270 during asian sessions so far ...

###

"Additional Explanation":

Das lässt erkennen, dass K 37 eine gewisse Signifikanz nicht in Abrede gestellt werden kann ...

Wir schieben ab 1.2305 wiederum ein paar Brötchen in den Ofen ...

Re-load short pos. 1.23050 done ... 08h45 CET ... 1.23140 done ... 08h47 CET ...

Further move up cannot be ruled out as mentioned in strategy survey ...

Trend determination point at 1.2342 ...

EnEx bei 1.2218 ...

Any cross of below 1.2213 (Écart K - 40) will re-open the downside again ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #672,519
  • Jul 27, 2012 2:13am Jul 27, 2012 2:13am
closed @ 1.2281
closed @ 1.5681

EUR @ 1.2292 + 11 (RISK = 28 )

GBP @ 1.5688 + 7 (RISK = 19)

added EUR @ 1.2311 +30 (RISK = 9 )

added GBP @ 1.5697 + 16 (RISK = 10)

= + 64 pips

RISK = 66 pips

R:R = 1:1 (nearly)
  • #672,520
  • Jul 27, 2012 2:25am Jul 27, 2012 2:25am
eur usd h4
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