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EURUSD

  • #683,781
  • Aug 23, 2012 9:17pm Aug 23, 2012 9:17pm
I'm waiting for short term short . Divergence can be spotted in 1 hr chart ..and this channel in 4hr chart .
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  • #683,782
  • Aug 23, 2012 9:32pm Aug 23, 2012 9:32pm
long @ 1.2565
sl @ 1.2540
tp @ 1.2650
Time turns trend. - W.D. Gann
  • #683,783
  • Aug 23, 2012 9:43pm Aug 23, 2012 9:43pm
Quoting ForExtraPips
long @ 1.2565
sl @ 1.2540
tp @ 1.2650
May I ask why 1.2540 as a SL? This looks like great short term support.
  • #683,784
  • Aug 23, 2012 9:52pm Aug 23, 2012 9:52pm
Quoting SemperOorah
May I ask why 1.2540 as a SL? This looks like great short term support.
Reason number one, R:R 1:4, reason number two, 1.2541 on my chart is showing it as mid-S1. And price right now is bouncing around the daily pivot of 1.2557. If I was able to babysit this trade, then I'd wait for price to go up some, then move my sl up to BE. But since it's almost bed time, I just have to set and forget. Oh, and can't forget about the sharks. They love hunting for weak longs and shorts.
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Time turns trend. - W.D. Gann
  • #683,785
  • Aug 23, 2012 9:56pm Aug 23, 2012 9:56pm
Quoting ForExtraPips
Reason number one, R:R 1:4, reason number two, 1.2541 on my chart is showing it as mid-S1. And price right now is bouncing around the daily pivot of 1.2557. If I was able to babysit this trade, then I'd wait for price to go up some, then move my sl up to BE. But since it's almost bed time, I just have to set and forget. Oh, and can't forget about the sharks. They love hunting for weak longs and shorts.
I see, thanks for the explanation.
  • #683,786
  • Aug 23, 2012 10:02pm Aug 23, 2012 10:02pm
Quoting SemperOorah
I see, thanks for the explanation.
No problem, the few, the proud, the Marines.
Time turns trend. - W.D. Gann
  • #683,787
  • Aug 23, 2012 10:02pm Aug 23, 2012 10:02pm
[quote=ForExtraPips;5955047]Reason number one, R:R 1:4,

I went to get my daughter, ate dinner, showered and prepared for sleep time only to find my trade still hovering. I'll take your trade idea and second that.
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  • #683,788
  • Aug 23, 2012 10:06pm Aug 23, 2012 10:06pm
[quote=sdcasper;5955054]
Quoting ForExtraPips
Reason number one, R:R 1:4,

I went to get my daughter, ate dinner, showered and prepared for sleep time only to find my trade still hovering. I'll take your trade idea and second that.
One thing that I've noticed with this whole S/R, Daily Pivot stuff, just an observation, is that after NY closes, if price is above the Daily Pivot, then the bias is bullish, if below it, then it's bearish. When I keep that in the back of my head while doing my homework, it helps with my trading decisions. GL
Time turns trend. - W.D. Gann
  • #683,789
  • Edited 10:26pm Aug 23, 2012 10:12pm | Edited 10:26pm
Ladies and gentlemen,

Let's maintain few moments of silence / start our prayers to come out of this fuckin' situation.......................................
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The Thief of Wall Street
  • #683,790
  • Aug 23, 2012 10:14pm Aug 23, 2012 10:14pm
my current D1 pivot is at 1.2557, how about you?

is that bias for a future trade or the bias from the close of new york to roughly frankfurt/london.
  • #683,791
  • Aug 23, 2012 10:22pm Aug 23, 2012 10:22pm
Public Service Message

You may like to keep an eye on this line in sand
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The Thief of Wall Street
  • #683,792
  • Aug 23, 2012 10:25pm Aug 23, 2012 10:25pm
looks like it may be curling back up...
  • #683,793
  • Aug 23, 2012 10:25pm Aug 23, 2012 10:25pm
Quoting sdcasper
my current D1 pivot is at 1.2557, how about you?

is that bias for a future trade or the bias from the close of new york to roughly frankfurt/london.
Yes, my D1 pivot is at 1.2557 also. That D1 pivot is by taking the high of the day and the low of the day, and adding the two, then dividing by two, to give you a median price for the day. Everybody has different formulas that they use. Some add the open and close, or just the close to it, I just use H/L and it works fine. And when I get home from work in the U.S., if price is above the DP, then it's bullish bias, which tells me, London will bring it up, then when I wake up, it starts falling back to the DP, then NY brings it on down. Or vice versa, if below the DP. But this doesn't happen every day. Some days, London will just sit and sip tea. And the longer it sits around the DP, with no major movement for a while, to me, that means a major move is coming. And pivot means deviating from normal line of travel. Something to keep in mind next time price meets a pivot. It'll either bounce off the pivot and go the other way, or keep on going where it was originally going.
Time turns trend. - W.D. Gann
  • #683,794
  • Aug 23, 2012 10:32pm Aug 23, 2012 10:32pm
Quoting ForExtraPips
........... Something to keep in mind next time price meets a pivot. It'll either bounce off the pivot and go the other way, or keep on going where it was originally going.
Sure we're not missing any other possible options?
The Thief of Wall Street
  • #683,795
  • Aug 23, 2012 10:33pm Aug 23, 2012 10:33pm
hello peoples

aussie is at a critical level. for both bull and bear
on daily 0439 ish, has shown its importance ever since her been upper range, 1hr is also showing decision with equlateral triangle, bo either way will be very good pips, my take now is 70 / 30 bear favour, even tho her at support lower tf,s brit may confirm, or late asian.
still waiting last asian level to print will reassess in 29 minutes

is well worth an eyeball peoples, if bear succeed will be many pips no need charts is easy to see on daily and lower tf,s be patient be ready
If you are new to Forex? Say Goodbye to your account!!
  • #683,796
  • Aug 23, 2012 10:36pm Aug 23, 2012 10:36pm
Quoting Chicky
Sure we're not missing any other possible options?
Sit on the pivot until what seems like eternity?

edit: then after sitting for a while, it will decide what line of travel it will go, up or down.
Time turns trend. - W.D. Gann
  • #683,797
  • Aug 23, 2012 10:39pm Aug 23, 2012 10:39pm
[quote=ForExtraPips;5955069]Yes, my D1 pivot is at 1.2557 also.

fxcm has it auto for me which i set on my H1 chart. since i'm in cali and now unemployed i've been trying to make sense of the slow aspects of new york close and stagnant afternoon leading to london. it's a long quiet ride but one i know i can milk some pips to have as a cushion going into london. today i was closed out short on a tight stop then went long to chase price and got skunked a second later. we will see if i can get lucky and rid myself of this terrible trade decisions. doesn't seem to likely at this moment unless your theory holds up.
  • #683,798
  • Aug 23, 2012 10:39pm Aug 23, 2012 10:39pm
if we break 1.2564 in the next 1/2 hour
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The Thief of Wall Street
  • #683,799
  • Aug 23, 2012 10:43pm Aug 23, 2012 10:43pm
Quoting Chicky
if we break 1.2564 in the next 1/2 hour
please reply my PM
No place for mistakes
  • #683,800
  • Aug 23, 2012 10:44pm Aug 23, 2012 10:44pm
Quoting KiwiTrada
hello peoples

aussie is at a critical level. for both bull and bear
on daily 0439 ish, has shown its importance ever since her been upper range, 1hr is also showing decision with equlateral triangle, bo either way will be very good pips, my take now is 70 / 30 bear favour, even tho her at support lower tf,s brit may confirm, or late asian.
still waiting last asian level to print will reassess in 29 minutes

is well worth an eyeball peoples, if bear succeed will be many pips no need charts is easy to see on daily and lower tf,s...
I've been trying to understand the correlation between different currencies during breakouts. Obviously the arbitrage traders have to keep them related to some extent, but does technical breakouts of either EUR/USD or AUD/USD typically have significant, immediate impacts on each other?
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