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  • #961
  • Jul 26, 2012 8:02am Jul 26, 2012 8:02am
Euro sold, good place to do it (RR) SL about 12 pips + spread
Entry point - 1,2302
Closed swissy and opened long @ 0,9765 same SL
swing it!
  • #962
  • Jul 26, 2012 8:34am Jul 26, 2012 8:34am
Quoting tomspin
Euro sold, good place to do it (RR) SL about 12 pips + spread
Entry point - 1,2302
Closed swissy and opened long @ 0,9765 same SL
Closed with small loss - flat and done for today.
swing it!
  • #963
  • Jul 26, 2012 8:52am Jul 26, 2012 8:52am
http://www.zerohedge.com/news/here-w...raghi-just-yet
swing it!
  • #964
  • Jul 26, 2012 9:16am Jul 26, 2012 9:16am
Quoting tomspin
Hold it Max 6545, 6562,80 should be an achieveable targets
I hope you did
Quoting tomspin
2320 in play this time for me - hopium will at least for now with much need it bounce.
swing it!
  • #965
  • Jul 26, 2012 9:20am Jul 26, 2012 9:20am
I think Sterling could form double top on H4 today
swing it!
  • #966
  • Jul 26, 2012 1:40pm Jul 26, 2012 1:40pm
Quoting tomspin
You must have special pants for those balls of yours, don't you?
Kudos


Forgot to add that now you have your fundamental reason behind that push
I just play probabilities. Same as anyone else.

And it's interesting to note that more times than can be considered coincidence, these fundamental reasons happen at technical levels. Whether it's a self-fulfilling prophecy or not, I don't know nor have I ever cared... as long as the pips roll in, I'm OK with whatever might be true. For me it's all on the chart. It's always on the chart.I would contend that forex can be successfully traded in a completely technical bubble, without any insight to fundamental reasons. Uh oh... did I just say that?
Every time you use 'hopium' in a post, God kills a kitten.
  • #967
  • Jul 26, 2012 2:37pm Jul 26, 2012 2:37pm
first post after being welcomed....


if these work it'll be bonus for the week...

gu short 1.5680 tp will be manually watched same with sl.
- should drop back down to daily pivot of 1.55 area
- on a wedge for a while and draghi's statement still holds no substance
- bear flag


ucad long for just retracement of eu hopium
1.0095 tp partial at 1.0125 which is weekly pivot and 38% fib from today move
another partial at 50% fib 1.0140
close entire at daily pivot 1.0175

xau/usd h4 closing above 1615 should beak1620 to 1650s
- we're using old tl resistance now support. staying above should keep it bullish.
-we're still on a bullish channel from 05.30.2012 and top end is about 1650s
Wooooohooooo or Boooooohooooo
  • #968
  • Jul 26, 2012 7:06pm Jul 26, 2012 7:06pm
can't resist buying aud/nzd at open of 4h....previous bullish engulfing candle.
buy 1.2990 tp on daliy r1 1.3040

have had great success on this one from 1.2750 to 1.3070...several entry/exit

thanks,
G
Wooooohooooo or Boooooohooooo
  • #969
  • Jul 27, 2012 1:51am Jul 27, 2012 1:51am
morning,

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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  • #970
  • Jul 27, 2012 2:08am Jul 27, 2012 2:08am
looking for 90.4x to hold
taken an initial short @ 90.00
target zone 85.8x to 84.5x
  • #971
  • Jul 27, 2012 3:17am Jul 27, 2012 3:17am
Morning, day is young & we have four hours left for US data, euro slowly sliding to 2240 area after reaching 2320 yesterday.
There are too many similarities in euro so maybe 2320 is our max top as I suggested yesterday to profxtrader or GDP will come up worse than expected and we will have to join QE crowd?
Good luck gents

http://s8.postimage.org/vpnikp29h/euro.gif
image hosting
swing it!
  • #972
  • Jul 27, 2012 3:19am Jul 27, 2012 3:19am
Quoting MaxDoom
looking for 90.4x to hold
taken an initial short @ 90.00
target zone 85.8x to 84.5x
moving stop to BE

also took the Dax short and traded the pullback on the EU all BE or better
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  • #973
  • Jul 27, 2012 3:22am Jul 27, 2012 3:22am
Gold is looking super heavy sold @1623,25 for 11,75 or even lower,
Stress free Max, nice trading
swing it!
  • #974
  • Jul 27, 2012 3:28am Jul 27, 2012 3:28am
Quoting tomspin
Gold is looking super heavy sold @1623,25 for 11,75 or even lower,
Stress free Max, nice trading
cheers,

my gold must be on a different forward contract to you my highest price today 1619.51

only just started trading gold in the last couple of weeks not skilled at it yet
  • #975
  • Jul 27, 2012 3:31am Jul 27, 2012 3:31am
Quoting MaxDoom
cheers,

my gold must be on a different forward contract to you my highest price today 1619.51

only just started trading gold in the last couple of weeks not skilled at it yet
Gold is deadly, use smaller lots and expect brutal moves not seen anywhere else, I blew one account just with gold (and greed of course) so good luck
About levels, well I watch Btv every day and my SP 500 is different and Euro is usually 3 pips off.

Edit stoped out on gold as I had tight SL
swing it!
  • #976
  • Jul 27, 2012 3:42am Jul 27, 2012 3:42am
Quoting tomspin
Gold is deadly, use smaller lots and expect brutal moves not seen anywhere else, I blew one account just with gold (and greed of course) so good luck
About levels, well I watch Btv every day and my SP 500 is different and Euro is usually 3 pips off.

Edit stoped out on gold as I had tight SL

thanks for the heads up
  • #977
  • Jul 27, 2012 3:47am Jul 27, 2012 3:47am
Quoting Crassius
I am also waiting for Schauble or some other German hawk to come out and say that Draghi's comments go beyond the scope of the ECB mandate.... That could make a nice swing down --
Bundesbank fullfills the prophecy
  • #978
  • Jul 27, 2012 3:48am Jul 27, 2012 3:48am
WE need a healthy retrace before US GDP...... would like to see us consolidate around the DP before US data
  • #979
  • Jul 27, 2012 3:55am Jul 27, 2012 3:55am
Quoting Crassius
WE need a healthy retrace before US GDP...... would like to see us consolidate around the DP before US data

1.221x would be fine that's -100 leaves room for +150 up keeping reasonable daily range... only people getting burned in there would be retail so sounds like a doable plan to me

edit: but how often do we see it completely reverse after a news spike like we just had!!
  • #980
  • Jul 27, 2012 4:05am Jul 27, 2012 4:05am
Quoting MaxDoom
moving stop to BE

also took the Dax short and traded the pullback on the EU all BE or better

closed my EU and Dax shorts now
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