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EURUSD

  • #694,621
  • Sep 19, 2012 9:47am Sep 19, 2012 9:47am
Quoting almo
Its a bull run. The only thing that has occurred over the last couple days is the expected retrace from last week.
Last week's correction-less surge to the upside was like free $.

This week's slow retracement to the downside has been tradeable, but with smaller profit potential.

Apart from the technicals, there is also a key fundamental reason (not QE3 or intervention) why the uptrend should resume by next week (but I won't mention it now ... maybe after the fact.)

Don't wanna jinx it.
  • #694,622
  • Sep 19, 2012 9:49am Sep 19, 2012 9:49am
Quoting PipTrapper
Hmmm That's really odd. Your monthly chart has an error.
June 2010 low was 1.1875. How come it shows 1.25xx area?
That is a good question, and your right. I have to blame it on Oanda's data.
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  • #694,623
  • Sep 19, 2012 9:49am Sep 19, 2012 9:49am
Quoting almo
Its a bull run. The only thing that has occurred over the last couple days is the expected retrace from last week.
Picking bottoms leads to smelly fingers.
http://img833.imageshack.us/img833/4...reassscrao.jpg

Picking tops leads to sticky fingers
http://upload.wikimedia.org/wikipedi...n_progress.jpg

There will always be disagreement on what is worse
Those who say it cannot be done should not interrupt those who are doing it
  • #694,624
  • Sep 19, 2012 9:50am Sep 19, 2012 9:50am
Quoting mercy seat
Zicke-Zacke ...



Partial profits (65%) taken @ 1.30190 ...

14h54 CET

+ 24,0 pp





;-|
Good afternoon!





2012-09-19_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-38 # CB31 (EN 24-hour)






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #694,625
  • Sep 19, 2012 9:50am Sep 19, 2012 9:50am
Quoting almo
Its a bull run. The only thing that has occurred over the last couple days is the expected retrace from last week.
Ok, well if one expected the retrace, then why were being BUYING expecting the retrace? That is what I fail to understand. Its as if swing traders KNOW EVERYTHING,yet their transactions do the opposite. I really dont understand the logic.
He who guess is LOST!
  • #694,626
  • Sep 19, 2012 9:51am Sep 19, 2012 9:51am
Expect some ranging for the time being. I am neutral. Waiting for big sellers to step in. Support at 1.3000 now, key resistance at 1.3485. The pair will stay between these levels for some time.
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  • #694,627
  • Sep 19, 2012 9:51am Sep 19, 2012 9:51am
Again another 1.3053 REJECTION.
He who guess is LOST!
  • #694,628
  • Sep 19, 2012 9:52am Sep 19, 2012 9:52am
Quoting Nachiket
beware. don't short now. its a clear rejection. look at the usd/jpy PA to see how weak the dollar is inspite of japanese interevention
Correlation can lead to headaches. lol
He who guess is LOST!
  • #694,629
  • Sep 19, 2012 9:54am Sep 19, 2012 9:54am
Last two runs to the pivots ended up with a failed touch... Mmmmmmmmmm wonder which of the two will be touched first.
He who guess is LOST!
  • #694,630
  • Sep 19, 2012 9:56am Sep 19, 2012 9:56am
Quoting StopGuessing
Ok, well if one expected the retrace, then why were being BUYING expecting the retrace? That is what I fail to understand. Its as if swing traders KNOW EVERYTHING,yet their transactions do the opposite. I really dont understand the logic.
I can't answer for everyone else. I can only say in my case, I know I cannot pick a bottom/top to save my life, but I can pick knowing the direction of trend.


Once you know trend, you can pick anywhere you want. Trend is longer than most people think. More importantly, you have to have the funds to last the downturns. Unfortunately for people such as myself, that means I have to trade smaller increments than what I could be doing if I was scalping such as yourself. The flip side to that is - I can survive a 100 pip drop. I could never do that scalping.
  • #694,631
  • Sep 19, 2012 10:01am Sep 19, 2012 10:01am
Germany Ready To Support Portugal: Joint Statement

Not clear what that support would entail. Could be “Atta boy, keep it up” or it could support ECB bond buying. My assumption is the former, not the latter
Those who say it cannot be done should not interrupt those who are doing it
  • #694,632
  • Sep 19, 2012 10:05am Sep 19, 2012 10:05am
Buying gbpjpy instead of eurusd...it's clearer over there.
COT: The precious data ignored
  • #694,633
  • Sep 19, 2012 10:06am Sep 19, 2012 10:06am



Quoting mercy seat
We went into A REVERSO mode since 1.29950 ...

14h05 CET





Ähhh ... palim palim





;-|


And now finally we took profit @ 1.30560 ...

17h01 CET

+ 61,0 pp again ...







;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #694,634
  • Sep 19, 2012 10:07am Sep 19, 2012 10:07am
Cable is waiting something, new launching platform? Otherwise fiber would have shoot sky high.
They think they are smarter than I am.
  • #694,635
  • Sep 19, 2012 10:07am Sep 19, 2012 10:07am
Bernanke's talking later?
A 1 pip gain is better than a 1 pip loss.
  • #694,636
  • Sep 19, 2012 10:08am Sep 19, 2012 10:08am
Quoting aeternum
Bernanke's talking later?
f@k BB
  • #694,637
  • Sep 19, 2012 10:10am Sep 19, 2012 10:10am
Definitely go long then!

Quoting aeternum
Bernanke's talking later?
  • #694,638
  • Sep 19, 2012 10:12am Sep 19, 2012 10:12am
Quoting kuroro001
Buying gbpjpy instead of eurusd...it's clearer over there.
i did but close due to panic (i have very limited room to play, equity guard will kill all trade)
Mohan
  • #694,639
  • Sep 19, 2012 10:13am Sep 19, 2012 10:13am
Quoting SnaveForex
f@k BB
He's all ready for you big boy!

http://www.forexfactory.com/attachme...1&d=1275975791
Not all sins are created equal
  • #694,640
  • Sep 19, 2012 10:14am Sep 19, 2012 10:14am
Quoting almo
I can't answer for everyone else. I can only say in my case, I know I cannot pick a bottom/top to save my life, but I can pick knowing the direction of trend.


Once you know trend, you can pick anywhere you want. Trend is longer than most people think. More importantly, you have to have the funds to last the downturns. Unfortunately for people such as myself, that means I have to trade smaller increments than what I could be doing if I was scalping such as yourself. The flip side to that is - I can survive a 100 pip drop. I could...
I agree with you almo. There are two tricks I'm using.. For instance PA is going down, and all of a sudden it stops in the middle of nowhere and starts consolidating or makes a HL or something to that effect.. Then I ask myself, if it's supposed to go down why is it doing this? That's a pretty good entry point in the opposite direction. When in a trade long for example, I ask this... Would I short here? No. Then I stay long.. Anyway if this doesn't pop up, we're going to be stuck here for the rest of the day..


And it did as I'm typing this...

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