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  • #726,501
  • Dec 3, 2012 7:22am Dec 3, 2012 7:22am
Quoting Sutts
Yes, it was a nice one fxnav. I love quick profit, especially on a Monday.
It's great, I'm cautious of Mondays so to bag decent pips is always a bonus
  • #726,502
  • Dec 3, 2012 7:22am Dec 3, 2012 7:22am
Quoting PayTheLimit
I could swear cloggs is in this room right now...

Yes, he does remind me of Cloggs LOL. I miss that guy.
  • #726,503
  • Dec 3, 2012 7:23am Dec 3, 2012 7:23am
Quoting attila
morning. now I have 3102 on daily.
morning!

i have 3090 and 3130

g/l
Wolves don't lose any sleep over the opinion of the sheep.
  • #726,504
  • Dec 3, 2012 7:24am Dec 3, 2012 7:24am
Hey there people. Not a signal yet, but a plan for EUR/USD. A sell is in my head from at the area of 1,3073. Why - today's ADR 100%. Also, looking at the H4 picture we can see something like a big H&S. Now some price action is still missing. There are couple trend lines that I would like to get third touches at for them to become fragile. My SL would be somewhere at 1,3088. Some supply/demand zones would have to be penetrated through to get my risk limits. I will try to get the trade tomorrow I think as would also like to get some intra-day range template approvals.

MACD divs - marked them on the chart. Also a tip for you guys: if you see a MACD zone, that is the same via more than one time frame - it is a more trustworthy signal.

As I said: it is NOT A SIGNAL yet. We need to get the approvals and more confirmations is required.

Also USDx. There is a TL seen on a daily chart. So I would like to see it reached and the price reaction at that point bothers me (this is why EU is just a plan yet, but not a signal).

Good Luck!
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #726,505
  • Dec 3, 2012 7:25am Dec 3, 2012 7:25am
55 is the only thing holding us back from the drop
Trade What You See Not What You Want To See
  • #726,506
  • Dec 3, 2012 7:25am Dec 3, 2012 7:25am
Quoting kilopip
Hi MaxDoom ,

I was wondering if you are shorting EUR from 13070 ish level?
Recently I have discovered that those break outs often deliver good 10-20 pips profit.
Do you have an opinion on that?
Thanks
Hi kilopip (is that name per day?)

The four hour chart has been in a nice clean 5 wave rally and you can see my target lines on the chart.

Price often ends up turning around a line cluster so in this case the upside risk is now 309x for me which is too close to 70 for me to short it there without a very good confirmation. So I will wait for 309x or below 303x now.

but you should bear in mind that I aim for more than 20 pips at the start of a trade.
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  • #726,507
  • Dec 3, 2012 7:27am Dec 3, 2012 7:27am
Quoting math_GB
Mate we need a confirmation to make sure this has been a bear train don't you think...??? I have a slight problem there, the confirmation would not be below 1.2880. Do you have any other levels??
sorry not sure what you mean, bear train drop 2859 pip this correction is 1017pip, bulls need to take out the resistances to take over train, until that happen, right this moment bear is driving train, with battle about to begincable bull has pierced resist yes, a good pierce, but only a pierce at this stage
usa still eating donut and coffee
If you are new to Forex? Say Goodbye to your account!!
  • #726,508
  • Dec 3, 2012 7:29am Dec 3, 2012 7:29am
Quoting PayTheLimit
lay off it kid..
can i join u ... hahaha
  • #726,509
  • Dec 3, 2012 7:31am Dec 3, 2012 7:31am
Quoting MaxDoom
Hi kilopip (is that name per day?)

The four hour chart has been in a nice clean 5 wave rally and you can see my target lines on the chart.

Price often ends up turning around a line cluster so in this case the upside risk is now 309x for me which is too close to 70 for me to short it there without a very good confirmation. So I will wait for 309x or below 303x now.

but you should bear in mind that I aim for more than 20 pips at the start of a trade.
Kilopip is more of a sarcasm ;-)
I see your point.,
I am shorting it from 56 I am trying to conquer my nerves to be able to go further that 10-20pips
  • #726,510
  • Dec 3, 2012 7:32am Dec 3, 2012 7:32am
Quoting KiwiTrada
sorry not sure what you mean, bear train drop 2859 pip this correction is 1017pip, bulls need to take out the resistances to take over train, until that happen, right this moment bear is driving train, with battle about to begincable bull has pierced resist yes, a good pierce, but only a pierce at this stage
usa still eating donut and coffee
Thanks mate. I wrote way too quickly and couldn't express my question properly. I meant technically we can't be sure that this has been a bear retrace untill some important support is broken, which I see it being 1.2880 at the moment. Anyway, closed the shorts I got 1.3070 and holding things to settle.
  • #726,511
  • Dec 3, 2012 7:32am Dec 3, 2012 7:32am
Quoting KiwiTrada
EU Daily
Remember this is a bear train, and the inverted H&S as shown trade is breach of the neckline, it still in tact, as is the falling tl, & 38fib, if bulls take them out we may have trend change, however if they dont, bears are still in charge of the train

so if this pop is pump and maybe dump, might pay to hold on your hat time
...
  • #726,512
  • Dec 3, 2012 7:33am Dec 3, 2012 7:33am
so what to expect with USA open? bear or bull?
  • #726,513
  • Dec 3, 2012 7:34am Dec 3, 2012 7:34am
Quoting Nachiket
also I figured out why aussie did not fell. it was swiss bank related buying in the aussie. there is a rumour that there would be negative interest charged on chf balance.
this reason for pump, so far just words, and opposition already on wire, will track down aussie arrticle

FRANKFURT--German Chancellor Angela Merkel concedes for the first time that a public sector debt write-down may be possible for Greece,
If you are new to Forex? Say Goodbye to your account!!
  • #726,514
  • Dec 3, 2012 7:36am Dec 3, 2012 7:36am
Guys ,

do you know good thread for oil traders??
  • #726,515
  • Dec 3, 2012 7:39am Dec 3, 2012 7:39am
Quoting Mr.C
Hey there people. Not a signal yet, but a plan for EUR/USD. 1,3073. Why - today's ADR 100%.
That's what i'm looking at too.
missed it on the spike, filled one a bit lower though.
  • #726,516
  • Dec 3, 2012 7:43am Dec 3, 2012 7:43am
Quoting KiwiTrada
this reason for pump, so far just words, and opposition already on wire, will track down aussie arrticle

FRANKFURT--German Chancellor Angela Merkel concedes for the first time that a public sector debt write-down may be possible for Greece,

and this was why took short aussie, but got clipped with the opium move

[Dow Jones] Australia rate cut seen as done deal says BTMUFJ especially after this morning's soggy retail sales data that reinforced views that the economy is spluttering. The Bank of Tokyo-Mitsubishi UFJ notes that the ANZ's job adds indicator is at its lowest level for almost three years. "The report has served to reinforce expectations that the RBA will lower its key policy rate by 0.25 point to 3.00% at tomorrow's monetary policy meeting

So still looking for short postion prior to RBA release tomorrow
If you are new to Forex? Say Goodbye to your account!!
  • #726,517
  • Dec 3, 2012 7:45am Dec 3, 2012 7:45am
OK, put two stop sell orders @1.3080 and 1.3085 and leaving for today. Have a great days Gents/Ladies...
  • #726,518
  • Dec 3, 2012 7:49am Dec 3, 2012 7:49am
http://www.businessinsider.com/there...nfused-2012-12

BE CAREFULL!!!
EURO CAN DROP UNDER 1.30
  • #726,519
  • Dec 3, 2012 7:51am Dec 3, 2012 7:51am
Quoting prezd
That's what i'm looking at too.
missed it on the spike, filled one a bit lower though.
There will be more chances to participate - believe me. Let's get the road and the situation clearer and make money!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #726,520
  • Dec 3, 2012 7:54am Dec 3, 2012 7:54am
optimistic 1.3070
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