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  • #701,881
  • Oct 3, 2012 6:44am Oct 3, 2012 6:44am
Quoting Vachus
Even if the pattern appear ( a bit small ) but i think it will be ruined by NFP volatility in a about 40 minutes from now ... However, i share the same view as yours - you just disagree on the bouncing point !

My simple opinion is : If a new low was printed and a faliure to reach or break 1.29700 , it has to print a new low . This low should be between the area 1.28050 till 1.27550. But everything is possible in this crazy market.

thanks again, and have a great day
  • #701,882
  • Oct 3, 2012 6:45am Oct 3, 2012 6:45am
Quoting stevewalker
well come back & recover soon

walker.
thanks bro, excelent day trading by you yesterday, and probably monday ... when we have nothing to do on sunday, is better not to write on FF!! hehehehhe...cheers bro, all the best to you
  • #701,883
  • Oct 3, 2012 6:46am Oct 3, 2012 6:46am
Its really a hit & run market...take your 20 pips then leave.
Or a wide stop one, pick a side at 1,2900...wide stop, and get profits later.

Where are the good old 200 pips moves!
COT: The precious data ignored
  • #701,884
  • Oct 3, 2012 6:49am Oct 3, 2012 6:49am
Long from 13 SL 08 TP 23

call it a scalp or quick trade or whatever you like really
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  • #701,885
  • Oct 3, 2012 6:51am Oct 3, 2012 6:51am
Quoting kuroro001
Its really a hit & run market...take your 20 pips then leave.
Or a wide stop one, pick a side at 1,2900...wide stop, and get profits later.

Where are the good old 200 pips moves!
Kororo, you have any idea what will be the effect of Green / Red NFP ? It looks like Octobor is a red NFP for the last 5 years ... which give it an 80% probabilty it will be red. But the consecutive Green three months could offset that , and it turns out Green ...
"It's the Margin, Stupid."
  • #701,886
  • Oct 3, 2012 6:52am Oct 3, 2012 6:52am
thanks

Agree

better to focus on trading

good luck!

walker.
Quoting xandi
thanks bro, excelent day trading by you yesterday, and probably monday ... when we have nothing to do on sunday, is better not to write on FF!! hehehehhe...cheers bro, all the best to you
  • #701,887
  • Oct 3, 2012 6:52am Oct 3, 2012 6:52am
Quoting KiwiTrada
I have no problem your trade bro, wish may green bear pip, however the H&S shown in green, is not quite right, as H&S normally indication of possible reversal at top of rally/ trend and inverted H&S at bottom, your H&S ? is more at bottom of trend / drop, unless you consider the most recent bounce from 2803 as your rally / trend

If you look to left of your green box, you will see a better reversal pattern, which could be constued as H&S, but is same situation it is at the lows of recent drop, "but" the H&S type pattern, proved to be a good indication...

This is eu daily and clearly shows the inverted H&S just about everyone here was trading mid july, excuse the fibs just something I watching on lower timeframes

It also shows present "falling channel" aka bull flag, if pa will breach the 38fib and or the utl of the channel, bulls will definitely be in ontrol for some nice pips, however it is a falling channel and for as long as the utl is repsected bears are in control, this is the proverbial bull bear battle, bulls want to breach retest and hold the utl of channel and bull flag fruits, bears just want to keep pa inside the channel and drive this piece of shit all the way to the sewer
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If you are new to Forex? Say Goodbye to your account!!
  • #701,888
  • Oct 3, 2012 6:53am Oct 3, 2012 6:53am
Quoting kuroro001
Its really a hit & run market...take your 20 pips then leave.
Or a wide stop one, pick a side at 1,2900...wide stop, and get profits later.

Where are the good old 200 pips moves!
Its not Forex who have changed , its market uncertainty and thin fundamentals that push money out ... By the time things are sorted out in USA or Europe , we could see again legs with 150 or 300 !
"It's the Margin, Stupid."
  • #701,889
  • Oct 3, 2012 6:58am Oct 3, 2012 6:58am
Quoting Vachus
I'm short , but tp is 1.28000 - i might close it manually though ! I reloaded several times

Short...then Long!!
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Daytrader
  • #701,890
  • Oct 3, 2012 7:00am Oct 3, 2012 7:00am
Quoting kuroro001
Its really a hit & run market...take your 20 pips then leave.
Or a wide stop one, pick a side at 1,2900...wide stop, and get profits later.

Where are the good old 200 pips moves!
i really miss them i quite remember 2009/10.. when markets were trending...now they suck arse
  • #701,891
  • Oct 3, 2012 7:00am Oct 3, 2012 7:00am
Quoting kuroro001
Its really a hit & run market...take your 20 pips then leave.
Or a wide stop one, pick a side at 1,2900...wide stop, and get profits later.

Where are the good old 200 pips moves!
The days of picking long or short in the morning, and making 200 pips by the afternoon have gone, last year I often done this, left it running and come back home with good profits.
Now I don't know what the market is going to do from 1 minute till the next.
But hopefully drop down 100 pips today 1.2808
  • #701,892
  • Oct 3, 2012 7:00am Oct 3, 2012 7:00am
Quoting Vachus
Kororo, you have any idea what will be the effect of Green / Red NFP ? It looks like Octobor is a red NFP for the last 5 years ... which give it an 80% probabilty it will be red. But the consecutive Green three months could offset that , and it turns out Green ...
Hi mate.
I try not to look at the numbers during NFP. Like most of new, green or red will affect the market like the big boys want.

But here what i took into account while trading NFP day.
NFP rarely reverse a trend (when there is one). If it does it's because we've are at a potential top or a bottom (too many times around a specific area).

Then by looking at what big boys will do on friday and thursday we often have a clue, eg if they buy dips or sell rallies during the day.

But speaking of number, ADP may give us a clue about it.
I didn't know about october red numbers, interesting fact....but the thing is will they sell eurusd (bad numbers for the whole economy) or buy it (QE3-4-or more^^).

NFP is always tricky
COT: The precious data ignored
  • #701,893
  • Oct 3, 2012 7:03am Oct 3, 2012 7:03am
Quoting mahimahi
Short...then Long!!
hedging on 1 min chart
  • #701,894
  • Oct 3, 2012 7:03am Oct 3, 2012 7:03am
Quoting KillerkratZ
Is this based on your analysis or is this your wishlist?
Hahaha ...
  • #701,895
  • Oct 3, 2012 7:05am Oct 3, 2012 7:05am
Quoting KiwiTrada
I have no problem your trade bro, wish may green bear pip, however the H&S shown in green, is not quite right, as H&S normally indication of possible reversal at top of rally/ trend and inverted H&S at bottom, your H&S ? is more at bottom of trend / drop, unless you consider the most recent bounce from 2803 as your rally / trend

If you look to left of your green box, you will see a better reversal pattern, which could be constued as H&S, but is same situation it is at the lows of recent drop, "but" the H&S type pattern, proved to be a good...
Thanks for answer

If You talking about this inverted H&S seen that yesterday aswell

#701797

But unfortunately both are not valid yet

Greatings
  • #701,896
  • Oct 3, 2012 7:06am Oct 3, 2012 7:06am
Quoting SnaveForex
hedging on 1 min chart
Have your stops ready for ADP nos!!
Daytrader
  • #701,897
  • Oct 3, 2012 7:07am Oct 3, 2012 7:07am
Quoting Mossy68
The days of picking long or short in the morning, and making 200 pips by the afternoon have gone, last year I often done this, left it running and come back home with good profits.
Now I don't know what the market is going to do from 1 minute till the next.
But hopefully drop down 100 pips today 1.2808
Indeed. The change seemed to have happened early this summer and has continued. I had thought that it might be due to a state of limbo caused by the lack of direction or belief in direction of the EUR, as well as the mixed signals from the U.S., but that should have added to the volatility.

A good friend-whom is a very good trader of these current "herky-jerky" markets, suggested that perhaps HFT algos are now being used everywhere (not just in the USA) and that they were installed/loaded during the relatively slow summer months. We shall see. I think the Spanish bailout-when it comes-could give us the best indication.

In the meantime, I have shifted my trading to shorter time frames and more scalping reversals.
"The market can remain irrational longer than you can remain solvent"
  • #701,898
  • Oct 3, 2012 7:10am Oct 3, 2012 7:10am
Quoting mahimahi
Short...then Long!!

  • #701,899
  • Oct 3, 2012 7:11am Oct 3, 2012 7:11am
Quoting SnaveForex
hedging on 1 min chart
What's your point??
Daytrader
  • #701,900
  • Oct 3, 2012 7:11am Oct 3, 2012 7:11am
EUR holding between 1.2938 and 1.2876 level, let's see if it will break out anywhere outside these levels.
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