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EURUSD

  • #681,161
  • Aug 16, 2012 11:56pm Aug 16, 2012 11:56pm
Quoting mohan76
it's Friday London is key , after ny market go crazy
friday always difficult to trade....
Patience, Emotion Control and Discipline.
  • #681,162
  • Aug 16, 2012 11:57pm Aug 16, 2012 11:57pm
Quoting johncen
friday always difficult to trade....
my short from 70 stop out be
Mohan
  • #681,163
  • Aug 16, 2012 11:59pm Aug 16, 2012 11:59pm
Took a small short on EJ @ 97.22 looking for around 96.76 we shall see
  • #681,164
  • Aug 17, 2012 12:00am Aug 17, 2012 12:00am
I got really frustrated with my Long and decided to close it at 1.23580 - it was already 93+ pips and i started really question any sustainable up movement. I already had opportunity to close my long at 1.23650 , 1.23700 and 1.23740 , but decided to sacrifice few pips to make sure that the trend will not continue up ...

Quoting Mike8
Good morning Vachus.

Interesting, why 1.2365? If you like to articulate.
Hi Mike, when i wrote the number i thought maybe it will hit resistance at 1.23650 and bounce down. However, something happened and it started moving up - so i patiently waited and shorted from 1.23740 ( Which confirm for the second time it can't cross ) maybe we will reach even 1.23850 if a momentum is there , but up there its unsustainable and short covering will be inevitable ...

But we will see , hopying i won't shot myself in the leg
Attached Image (click to enlarge)
Click to Enlarge Name: ShortOrder.August17.2012 copy.jpg Size: 25 KB
"It's the Margin, Stupid."
  • #681,165
  • Aug 17, 2012 12:00am Aug 17, 2012 12:00am
Quoting mohan76
my short from 70 stop out be
75 area seems a strong resistance to break...
not sure it will break. yesterday's move was substantial already, no reason to go higher for now, unless we have short covering (again)...
  • #681,166
  • Aug 17, 2012 12:01am Aug 17, 2012 12:01am
Quoting mohan76
my short from 70 stop out be
if we are unable to hold the bull here...
I think we may test high on 7th Aug...

I took short @ 70 too..still holding...sl above 80

edit: However I m quite surprise that Aussie seems want lower...I hope kiwi n others follow...
Patience, Emotion Control and Discipline.
  • #681,167
  • Aug 17, 2012 12:08am Aug 17, 2012 12:08am
Quoting infinitus
Yes, it would be a short one.

Wave red 2 was 8 days and retraced deep, structure was simple


So if wave 4 ended already, it took 10 days, structure would be simple and retracement was kind of flat.

Under the rule of alternation duration should be longer, structure more complex, and retracement should be more sideways move.

So most likely Sly is right with his complex WXY count.

But question is: is the wave X already done to the downside or not?
hi mate how are you long time no see . either way if x still in the making or its done and we going up to finsh y. we should look for retracement of the first leg so taking a short right now could be worth it with first target at 1.2315 but we need confirmation for entry
  • #681,168
  • Aug 17, 2012 12:15am Aug 17, 2012 12:15am
Quoting Vachus
I got really frustrated with my Long and decided to close it at 1.23580 - it was already 93+ pips and i started really question any sustainable up movement. I already had opportunity to close my long at 1.23650 , 1.23700 and 1.23740 , but decided to sacrifice few pips to make sure that the trend will not continue up ...



Hi Mike, when i wrote the number i thought maybe it will hit resistance at 1.23650 and bounce down. However, something happened and it started moving up - so i patiently waited and shorted from 1.23740 ( Which confirm for...

I see, clear and crispy.
"Men who can both be right and sit tight are uncommon."
  • #681,169
  • Aug 17, 2012 12:15am Aug 17, 2012 12:15am
Short EURAUD from 118.40
Long Aussie from 104.36

No EU positions
Be hopeful in a winning position, and fearful in a losing position.
  • #681,170
  • Aug 17, 2012 12:19am Aug 17, 2012 12:19am
Same song singing on at start of London open where it ended yesterday near close.

Looking for long.
They think they are smarter than I am.
  • #681,171
  • Aug 17, 2012 12:20am Aug 17, 2012 12:20am
Quoting johncen
if we are unable to hold the bull here...
I think we may test high on 7th Aug...

I took short @ 70 too..still holding...sl above 80

edit: However I m quite surprise that Aussie seems want lower...I hope kiwi n others follow...
Aussie
i guess it was long due, support tested for AU ,i have 1h down trend support @ 32/38 , it also hit GBPAUD rising channel upper trend & r2 , if she broke i will watch movie
Mohan
  • #681,172
  • Aug 17, 2012 12:24am Aug 17, 2012 12:24am
Quoting nawafasad1
hi mate how are you long time no see . either way if x still in the making or its done and we going up to finsh y. we should look for retracement of the first leg so taking a short right now could be worth it with first target at 1.2315 but we need confirmation for entry
confirmation would be by breaking the support trend line
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  • #681,173
  • Aug 17, 2012 12:24am Aug 17, 2012 12:24am
Quoting Rag2RichesFX
Short EURAUD from 118.40
Long Aussie from 104.36

No EU positions
Interesting. Risk of pips?
"Men who can both be right and sit tight are uncommon."
  • #681,174
  • Aug 17, 2012 12:25am Aug 17, 2012 12:25am
let the americans come and take it up or down
  • #681,175
  • Aug 17, 2012 12:26am Aug 17, 2012 12:26am
Quoting mohan76
Aussie
i guess it was long due, support tested for AU ,i have 1h down trend support @ 32/38 , it also hit GBPAUD rising channel upper trend & r3 , if she broke i will watch movie
Yes I thought aussie can find support at 1.0450area today but they head lower than that.....
1.0435 was actualli my target on wed...
Patience, Emotion Control and Discipline.
  • #681,176
  • Aug 17, 2012 12:31am Aug 17, 2012 12:31am
and the duration is 15 hrs.

  • #681,177
  • Aug 17, 2012 12:32am Aug 17, 2012 12:32am
http://img204.imageshack.us/img204/2479/beruangdown.jpg

AM Signal Provider
  • #681,178
  • Aug 17, 2012 12:34am Aug 17, 2012 12:34am
Quoting Mike8
Interesting. Risk of pips?
Aussie 10
EURAUD 25
Be hopeful in a winning position, and fearful in a losing position.
  • #681,179
  • Aug 17, 2012 12:37am Aug 17, 2012 12:37am
"Men who can both be right and sit tight are uncommon."
  • #681,180
  • Aug 17, 2012 12:40am Aug 17, 2012 12:40am
Quoting nawafasad1
hi mate how are you long time no see . either way if x still in the making or its done and we going up to finsh y. we should look for retracement of the first leg so taking a short right now could be worth it with first target at 1.2315 but we need confirmation for entry
I would like to see the 2390 area (+-around 10 pips) for a short entry
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