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  • #677,041
  • Aug 8, 2012 2:14am Aug 8, 2012 2:14am
Quoting MaxDoom
thanks buddy

It's got very difficult this week to be clear on direction, we have thin volumes and random statements hitting the news matched in with poor data across the board.....

normally I don't pay much attention to that stuff but.....

look at the EU daily chart 1 - it has made an ABC correction of the swing 1.274x to 1.204x but despite trying hard this week the correction has fallen short of the target zone 1.245x to 1.254x which is unusual

and whilst it appears to be a simple failure to hit target with the things mentioned...
clear vision, but perhaps too cautious max, once London is confirming the move to Frankfurt, below 1.2340 I see only a great void to fill
  • #677,042
  • Aug 8, 2012 2:16am Aug 8, 2012 2:16am
Quoting Legio_Ulpia
clear vision, but perhaps too cautious max, once London is confirming the move to Frankfurt, below 1.2340 I see only a great void to fill

caution is good, and don't panic I am short and I rarely cut my winners early

your job sounds good
  • #677,043
  • Aug 8, 2012 2:19am Aug 8, 2012 2:19am
http://live.wsj.com/video/italy-and-...A-D66280B20E0B
"Men who can both be right and sit tight are uncommon."
  • #677,044
  • Aug 8, 2012 2:21am Aug 8, 2012 2:21am
Quoting MaxDoom
caution is good, and don't panic I am short and I rarely cut my winners early

your job sounds good
I'm short as well,my reasons are:

1: double top/rejection on daily at 1.2442
2: daily/4h upper trendline pierced but not broken
3: nice divergence at 4h chart
  • #677,045
  • Aug 8, 2012 2:23am Aug 8, 2012 2:23am
My short from 911 was stopped out by one pip , my stop lose was 24010 - i hate that when it happens i took short again from 750 and waiting to see the 500 test ...

At least today we got some volatility to break the week bordem of of not moving at all
"It's the Margin, Stupid."
  • #677,046
  • Aug 8, 2012 2:27am Aug 8, 2012 2:27am
Resistance at 1.23700,
atm it is short biased but i am not taking it...will wait for a long setup target should be 1.24250 and up
There are two opinions in this world, Mine and the wrong one...
  • #677,047
  • Aug 8, 2012 2:31am Aug 8, 2012 2:31am
trying to break pivot s2 in 1.2364
  • #677,048
  • Aug 8, 2012 2:34am Aug 8, 2012 2:34am
We are slightly oversold to go down more we are going to need to consolidate for a bit (which we have been)

1m bollinger band is tight, decent 7-8 pip scalps off those.
Be hopeful in a winning position, and fearful in a losing position.
  • #677,049
  • Aug 8, 2012 2:36am Aug 8, 2012 2:36am
Quoting Rag2RichesFX
We are slightly oversold to go down more we are going to need to consolidate for a bit (which we have been)

euro has been slightly oversold for months
  • #677,050
  • Aug 8, 2012 2:38am Aug 8, 2012 2:38am
Quoting MaxDoom
euro has been slightly oversold for months
lol yeah, talking about the 5, 15, 30 and soon 1hr TFs
Be hopeful in a winning position, and fearful in a losing position.
  • #677,051
  • Aug 8, 2012 2:40am Aug 8, 2012 2:40am
Quoting Rag2RichesFX
We are slightly oversold to go down more we are going to need to consolidate for a bit (which we have been)

1m bollinger band is tight, decent 7-8 pip scalps off those.
It dipends at wich t/f you're looking at,5m you are right but 4h and D is right in the middle,it just need a push
  • #677,052
  • Aug 8, 2012 2:47am Aug 8, 2012 2:47am
Quoting MaxDoom
oversold
hopeless forum
  • #677,053
  • Aug 8, 2012 2:49am Aug 8, 2012 2:49am
Quoting Legio_Ulpia
It dipends at wich t/f you're looking at,5m you are right but 4h and D is right in the middle,it just need a push
agreed 4hr keeps me hopeful
Be hopeful in a winning position, and fearful in a losing position.
  • #677,054
  • Aug 8, 2012 2:49am Aug 8, 2012 2:49am
Hello.

Health for all.
Attached Image (click to enlarge)
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Just for today ...
  • #677,055
  • Aug 8, 2012 2:54am Aug 8, 2012 2:54am
Couldn't sleep so I jumped back into the action. Short @ 1.2376. Stop loss one pip higher than the candlesticks wick.
  • #677,056
  • Aug 8, 2012 2:55am Aug 8, 2012 2:55am
Quoting fxkiller
hopeless forum
Even more hopeless with comments like that. Stop trying to sound like Mr been there & done it all professional trader, and give an explanation to those who may need it exactly why you pour scorn on those people who call a price oversold or overbought, then, you might just be contributing something useful.
  • #677,057
  • Aug 8, 2012 2:56am Aug 8, 2012 2:56am
Quoting fxkiller
hopeless forum
it certainly has a lot of mad moments, crack pot theories, brazzen unsubstantiated calls, fake positions, a million winners, and sabateurs... otherwise it's great

but it's where the new comers are and I don't mind sticking a few posts in what they do with the info on here - most ignore it and go "trade" others select the good bits and move along the learning process...
  • #677,058
  • Aug 8, 2012 2:57am Aug 8, 2012 2:57am
1.2375 tested/rejected several times,4h candle closing in less than 5 minutes under this resistance...not a good sign for bulls
  • #677,059
  • Aug 8, 2012 2:58am Aug 8, 2012 2:58am
Went short from 1.2422 yesterday with SL at 1.2xxx, the trade still runing though

Next time I will try posting my positions immediately i take them so some guys can key in too
underlinee Return Today: na
  • #677,060
  • Aug 8, 2012 2:59am Aug 8, 2012 2:59am
Its looking like an inverted hammer on the one hour. Anyone thing it might reverse for a little?
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