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  • #747,741
  • Jan 18, 2013 1:43am Jan 18, 2013 1:43am
Quoting Z3iz3i
There was a sharp supply just before 1.34 and it was tested with decent buy flows on this pair.

BUT, usually it is not enough and there was no help from risk crosses flows (sell signal at top, CHF crosses positioning) at that point so it was easier just to sell it back down to yesterday "waterline" at 30/35.
I've not traded like that before.... but that's given me food for thought. TY!
A pip is only worth it if you know how much you risked to earn it
  • #747,742
  • Jan 18, 2013 1:45am Jan 18, 2013 1:45am
Zeee.....let me think.

London and Central Europe decided not to buy this pair through 1.34.

It must wait for US session for changeing sentiment or some dramatic news.

What it does and will do is CONSOLIDATION for like hours. Then it will break another way and maybe fucks people a bit around with 10-20 swings when positioning is happening.

EDIT: forgot to add stops placed at levels
They think they are smarter than I am.
  • #747,743
  • Jan 18, 2013 1:47am Jan 18, 2013 1:47am
Quoting vlady1974
Well done on this sir. I would close your shorts now and enjoy the profits. Your RSI is now oversold - just saying, if it were me.

In terms of this picture, it only convinces me that it's a "correction" not a reversal. Big money positioning for 3490.
Anyway... I'm still in revenge trading mood so I'm backing off until I've had my coffee.

Quote: I've joined you at 41


coffee didnt last long lol
  • #747,744
  • Jan 18, 2013 1:47am Jan 18, 2013 1:47am
Quoting Z3iz3i
Zeee.....let me think.

London and Central Europe decided not to buy this pair through 1.34.

It must wait for US session for changeing sentiment or some dramatic news.

What it does and will do is CONSOLIDATION for like hours. Then it will break another way and maybe fucks people a bit around with 10-20 swings when positioning is happening.
That makes sense!
A pip is only worth it if you know how much you risked to earn it
  • #747,745
  • Jan 18, 2013 1:49am Jan 18, 2013 1:49am
Quoting vlady1974
I've joined you at 41
Any thoughts on that sharp decline?
low volume, low news Friday just some profit taking I expect along with some deliberate selling at the highs to cash in this morning, that being the case we should see some of those new shorts getting cashed - question is it 40 they want or 07....

overall it has not moved far in real terms
Attached Image (click to enlarge)
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  • #747,746
  • Jan 18, 2013 1:49am Jan 18, 2013 1:49am
Quoting Z3iz3i
Zeee.....let me think.

London and Central Europe decided not to buy this pair through 1.34.

It must wait for US session for changeing sentiment or some dramatic news.

What it does and will do is CONSOLIDATION for like hours. Then it will break another way and maybe fucks people a bit around with 10-20 swings when positioning is happening.

EDIT: forgot to add stops placed at levels
69
  • #747,747
  • Jan 18, 2013 1:50am Jan 18, 2013 1:50am
Quoting vlady1974
Long at 41.
Lost 20 pips when my stop was hit this morning from an overnight long at 73. Not happy but Dem's da breaks
LOL.... Freshpips, I was referring to this earlier order. But you're right, I've added to the position.

Okay... I mean it now. Coffee....


BTW, it's snowing here in London..... nice.... but shitty to travel to work in.
A pip is only worth it if you know how much you risked to earn it
  • #747,748
  • Jan 18, 2013 1:50am Jan 18, 2013 1:50am
pending long @ 60, still not a short for me while we are in 1.33 territory

bit of a shake the trees move this morning
  • #747,749
  • Jan 18, 2013 1:56am Jan 18, 2013 1:56am
Quoting MaxDoom
low volume, low news Friday just some profit taking I expect along with some deliberate selling at the highs to cash in this morning, that being the case we should see some of those new shorts getting cashed - question is it 40 they want or 07....

overall it has not moved far in real terms
give it a bit of time and you ll see the best fall 1.34 holds and the fall begun
  • #747,750
  • Jan 18, 2013 1:56am Jan 18, 2013 1:56am
Quoting vlady1974
LOL.... Freshpips, I was referring to this earlier order. But you're right, I've added to the position.

Okay... I mean it now. Coffee....


BTW, it's snowing here in London..... nice.... but shitty to travel to work in.

Enjoy your coffee, get yourself warmed up.

Im also in London and yes, bloody snow. Always facinates me how London comes to standstill with anything more than a slight dusting of snow! Probably the most ill equiped and unprepared nation in the world!

Weekend indoors I think lol.
  • #747,751
  • Jan 18, 2013 1:58am Jan 18, 2013 1:58am
Quoting bennyblanco
pending long @ 60, still not a short for me while we are in 1.33 territory

bit of a shake the trees move this morning
3360 is a nice "bouncy" lvl, not sure if that's the best way to enter, better watch it break and retest to go long.
Could be wrong off course. But pending Long gets triggered and could send you back down for a few.
Long myself from 3342
If touching/piercing/breaking 3360 I move my SL to BE
  • #747,752
  • Jan 18, 2013 2:01am Jan 18, 2013 2:01am
we need a patience....
The knowledge will be tested....
Off course, we pay or gain....



Quoting jelibon
as said before time will tell the truth....
WATCH THIS....
  • #747,753
  • Jan 18, 2013 2:04am Jan 18, 2013 2:04am
Back!

Good to see some of the old crew here on the thread (Z3iz3i and nawafasad1, Attila, Gatorinla) . As well, we're getting some excellent new commentators (eg. MaxDoom).

For newbies like me (well I've been a newbie for 3 years now, so may be not a newbie but a try-hard-trader) it's good to get insight from these mentors. Thought I'd say that out loud. I definitely aspire to full time trading. I'm giving it another 2 years to build up the capital and more importantly, the skillset.
A pip is only worth it if you know how much you risked to earn it
  • #747,754
  • Jan 18, 2013 2:07am Jan 18, 2013 2:07am
For me, this is a buy signal. Bar with long tail = price rejection. So we may range from here to 73 where the sell-off broke out, until news.
Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #747,755
  • Jan 18, 2013 2:14am Jan 18, 2013 2:14am
Quoting MaxDoom
long @ 44
me too but at 50
  • #747,756
  • Jan 18, 2013 2:15am Jan 18, 2013 2:15am
Quoting vlady1974
For me, this is a buy signal. Bar with long tail = price rejection. So we may range from here to 73 where the sell-off broke out, until news.
Sounds good to me.
76 perhaps?
  • #747,757
  • Jan 18, 2013 2:16am Jan 18, 2013 2:16am
Quoting Freshpips
Enjoy your coffee, get yourself warmed up.

Im also in London and yes, bloody snow. Always facinates me how London comes to standstill with anything more than a slight dusting of snow! Probably the most ill equiped and unprepared nation in the world!

Weekend indoors I think lol.
This coffee is DEEELISH!

Okay.. Let's take stock:
UY I see resistance @ 89.86 if that falls, we could see EU rise a little.
EU is threatening to see 3330 again, so could be lower - but I'm long my stop is at 71 where the next major wall is.
GU is scattered... 5937 is the wall of resistance.
EY seems to be resting on 119.90/88... but is attracted to go up to 120.20
GY scattered... not really interested in this, sorry
EG support at 8370-78 with clear sky upwards.

I'd love to show a screenshot, but since it's proprietary I'm not allowed. I can say that this has opened up the whole nature of crosspairs and I'm beginning to understand the relationships between the pairs and how moves in one can influence another.
A pip is only worth it if you know how much you risked to earn it
  • #747,758
  • Jan 18, 2013 2:18am Jan 18, 2013 2:18am
Quoting Stretch
Sounds good to me.
76 perhaps?
5 pip range is okay. 76 was the mid of the asian range that I watched. I had an order at 73, so yes... more or less. 71 was the bottom of all that so if I was long from the bottom, it's the first pip I would sell at.
A pip is only worth it if you know how much you risked to earn it
  • #747,759
  • Jan 18, 2013 2:22am Jan 18, 2013 2:22am
Quoting yelena
7 mins before tokyo lunch and ej didn't do anything significant for its ATR. so em bailing out everything and likely to reposition another set of shorts later.. either london open or ny. will long on the retrace if eu breaks the previous HH, else shorty. rest rest rest. clear mind first.
done.. and now, em bullish again! tdi not ready to go long... waiting for ny to open to confirm before any longs
Attached Image
  • #747,760
  • Jan 18, 2013 2:24am Jan 18, 2013 2:24am
Quoting yelena
done.. and now, em bullish again! tdi not ready to long... waiting for ny to open to confirm before any longs
I know it's silly question, but what time is Tokyo lunch local time - 12pm or 1pm?
A pip is only worth it if you know how much you risked to earn it
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