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Euro/Dollar

  • #3,181
  • Jan 30, 2013 7:16am Jan 30, 2013 7:16am
Euro against other pairs - 10min video (good technical and fundamental analysis)

Inserted Video
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  • #3,182
  • Jan 30, 2013 7:31am Jan 30, 2013 7:31am
Quoting Crassius
Trade progressing nicely.... If you took this from this morning I have raised my stop to 90.75.

Stop moved into profit 90.98.....


Typing that as data released.... never got it moved.... closed manually near Break even
  • #3,183
  • Jan 30, 2013 7:38am Jan 30, 2013 7:38am
US in negative growth ---
Attached Image
  • #3,184
  • Jan 30, 2013 7:45am Jan 30, 2013 7:45am
Quoting tomspin
Going for 35...
Targets are hipothetical, this could never happend after all.

http://s13.postimage.org/mg2f96knr/euro.gif
images

first fence touched, pullback would be good...
swing it!
  • #3,185
  • Jan 30, 2013 7:49am Jan 30, 2013 7:49am
Quoting tomspin
first fence touched, pullback would be good...
Gold - that's the pretty funny looking chart with huuuuuuuggggeee 1H candle ;-)
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  • #3,186
  • Jan 30, 2013 7:55am Jan 30, 2013 7:55am
lol somebody must have been in urgent need
swing it!
  • #3,187
  • Jan 30, 2013 8:01am Jan 30, 2013 8:01am
Quoting fibstalker
Good morning traders...

Scenario 1 of the setup provided yesterday's played out nicely. Congrats to those who took the trade! The larger intermediate trading plan is unfolding as anticipated and I think we are now in the B2-leg of this move into the 1.3850 or higher level.
Here are explained the 3 legs into 1.3850 as I see them: http://elitefive.wordpress.com/2013/...lish-language/

let me have your thoughts.

FOMC day: I slow it down
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,188
  • Jan 30, 2013 8:14am Jan 30, 2013 8:14am
Quoting fibstalker
Here are explained the 3 legs into 1.3850 as I see them: http://elitefive.wordpress.com/2013/...lish-language/
let me have your thoughts.
FOMC day: I slow it down
Nice website...
I added this to my bookmarks.

I went down from 1.047 and I closed my position after GDP rollercoaster... some 30+pips
What is yours and other guys here view an Aussie/Dollar?
Was this a smart decission?
I don't like trading during news events whatsoever....
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  • #3,189
  • Edited 8:25am Jan 30, 2013 8:24am | Edited 8:25am
Quoting halkins
Nice website...
I added this to my bookmarks.

I went down from 1.047 and I closed my position after GDP rollercoaster... some 30+pips
What is yours and other guys here view an Aussie/Dollar?
Was this a smart decission?
I don't like trading during news events whatsoever....

I can't get in step with GBPUSD either so I'm leaving it alone too.... nasty overlapping but strong rise..... anyway its a counter trend correction... we would all do ourselves a favor and just stay away from counter trend corrective moves, and wait to fade them when they end....

I went short AUD @ 1.0450 this morning in a longer term account I play with a big stop, but looking to hold it for awhile... not the trades I post here.... I'm holding short against 1.0580.

I dont post those thrades gere because FF people have a hard time looking for bigger moves....
  • #3,190
  • Jan 30, 2013 8:29am Jan 30, 2013 8:29am
Quoting Crassius
I can't get in step with GBPUSD either so I'm leaving it alone too.... nasty overlapping but strong rise..... anyway its a counter trend correction... we would all do ourselves a favor and just stay away from counter trend corrective moves, and wait to fade them when they end....

I went short AUD @ 1.0450 this morning in a longer term account I play with a big stop, but looking to hold it for awhile... not the trades I post here.... I'm holding short against 1.0580.

[size=4]I dont post those thrades gere because FF people have...
which sadly question my existence in this place and further posting...
swing it!
  • #3,191
  • Jan 30, 2013 8:33am Jan 30, 2013 8:33am
Quoting halkins
Nice website...
I added this to my bookmarks.
Thanks, appreciate it.

Quoting halkins
I went down from 1.047 and I closed my position after GDP rollercoaster... some 30+pips
What is yours and other guys here view an Aussie/Dollar?
Was this a smart decission?
I don't like trading during news events whatsoever....
Halkings, scenario 1 of the view posted yesterday in here: http://www.florexfactory.com/showthr...11#post6401611
is currently playing. The target is below at 1.0340 and was just confirmed with price slicing below 1.0415.
It may not get there in a straight way and a retest of highs (M-for-Murder pattern) is possible because we have long orders standing in the 10410-20 area.

Hope that helps.
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,192
  • Jan 30, 2013 8:35am Jan 30, 2013 8:35am
Quoting Crassius
I can't get in step with GBPUSD either so I'm leaving it alone too.... nasty overlapping but strong rise..... anyway its a counter trend correction... we would all do ourselves a favor and just stay away from counter trend corrective moves, and wait to fade them when they end....

I went short AUD @ 1.0450 this morning in a longer term account I play with a big stop, but looking to hold it for awhile... not the trades I post here.... I'm holding short against 1.0580.

I dont post those thrades gere because FF people have a hard time looking...
I missed my entry on GBPUSD, but I wanted to go LONG with this.
Even a corrective movement may bring nice pips, but... FED this evening can spoil even the best chart analysis
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  • #3,193
  • Jan 30, 2013 8:38am Jan 30, 2013 8:38am
Quoting tomspin
which sadly question my existence in this place and further posting...
Quoting Crassius
I dont post those thrades gere because FF people have a hard time looking for bigger moves....
So what is a "bigger move" for you guys?
I am pretty happy with 100pips move, playing with leverage.
Nearly everyday brings new opportunity to trade.
What is "big move", 100pips, 300 pips or 1000pips?
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  • #3,194
  • Jan 30, 2013 8:41am Jan 30, 2013 8:41am
Quoting Crassius
I can't get in step with GBPUSD either so I'm leaving it alone too.... nasty overlapping but strong rise..... anyway its a counter trend correction... we would all do ourselves a favor and just stay away from counter trend corrective moves, and wait to fade them when they end....
Bulls still in control in it in the 15min chart. It was good long at EU session open. Now it is trading 1.5770 area of support with a failure below 1.5750. 15min target at 1.5810, bringing price right into that bigger resistance at 1.5820. That would be an awesome short on the daily chart with a first target at 1.5600


Quoting Crassius
I went short AUD @ 1.0450 this morning in a longer term account I play with a big stop, but looking to hold it for awhile... not the trades I post here.... I'm holding short against 1.0580.
Very good trade , see my later post targets in the 1.03s but fake retracement also possible.

Quoting Crassius
I dont post those thrades gere because FF people have a hard time looking for bigger moves....
I love those trades and, sadly, a lots of people would benefit from those... while they want action...
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,195
  • Jan 30, 2013 8:43am Jan 30, 2013 8:43am
Quoting halkins
So what is a "bigger move" for you guys?
I am pretty happy with 100pips move, playing with leverage.
Nearly everyday brings new opportunity to trade.
What is "big move", 100pips, 300 pips or 1000pips?
I try to trade swings and add to them. My big move is 1000+pips.
Maybe we are going to get one in March-April to May-June in EUR/USD: from 1.30s to 1.42s
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,196
  • Jan 30, 2013 8:49am Jan 30, 2013 8:49am

Posted by Crassius
I can't get in step with GBPUSD either so I'm leaving it alone too.... nasty overlapping but strong rise..... anyway its a counter trend correction... we would all do ourselves a favor and just stay away from counter trend corrective moves, and wait to fade them when they end....

Quoting fibstalker
Bulls still in control in it in the 15min chart. It was good long at EU session open. Now it is trading 1.5770 area of support with a failure below 1.5750. 15min target at 1.5810, bringing price right into that bigger resistance at 1.5820. That would be an awesome short on the daily chart with a first target at 1.5600
Basically we are currently still playing scenario 1 of yesterday's analysis/plan: http://www.forexfactory.com/showthre...81#post6402881
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,197
  • Jan 30, 2013 8:53am Jan 30, 2013 8:53am
Quoting fibstalker
I try to trade swings and add to them. My big move is 1000+pips.
Maybe we are going to get one in March-April to May-June in EUR/USD: from 1.30s to 1.42s
Yeah,,,, but price never goes straight line.
Isn't easier to devide this 1000 pisp move into smaller sections (legs) and trade them separately?
-
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  • #3,198
  • Jan 30, 2013 8:58am Jan 30, 2013 8:58am
Quoting halkins
I missed my entry on GBPUSD, but I wanted to go LONG with this.
Even a corrective movement may bring nice pips, but... FED this evening can spoil even the best chart analysis
Agree, we are soon going to get sideways moves into the FOMC announcement. GBPUSD must hold the threshold for shorts.
If FOMC volatility breaks the 1.5870s on the upside the weekly long is in place in the GBPUSD and yesterday's scenario 2 is in place.

Nothing to do before FOMC, but GBPUSD still bullish on the 15min chart.

Note: while in the EURUSD we have long setups with targets above at 1.3600 hence there is something to complete, in GBPUSD is not the same situation. Indeed we have no setup long or short. We are in that limbo between the completion of a second target and the profit-taking, short-covering into the next level of resistance or its break. News have nothing to complete in the case of GBPUSD, but there is something to complete for EURUSD...
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,199
  • Jan 30, 2013 9:02am Jan 30, 2013 9:02am
Quoting halkins
Yeah,,,, but price never goes straight line.
Isn't easier to devide this 1000 pisp move into smaller sections (legs) and trade them separately?
-
Right Halkins, but when you are in a good move, you want to be 'Old Turkey', stay in it until is completed.

The more I trade, the more I can make mistake so my short answer to your question is no. The less I trade, the less timining and precision I need...

If I have a 1000+pips setup (it may happen twice a year, and it actually happened in the last few years in EURUSD) I will try to time the biggest position at the beginning of it. Then I will take smaller partial profits at important daily targets and try to add at important weekly setups in the direction of the trade.

if you can do this, you are the man. It's not easy, but it can be done.

Trade less, not more...
"markets traded by programs/HFT offer a significant trading edge..."
  • #3,200
  • Jan 30, 2013 9:09am Jan 30, 2013 9:09am
Re: AUDUSD

You see guys,,, this is why I don't like trading with news in the background.
I panicked on news with week dollar and closed my AUDUSD, only to see USD getting stronger by another 20pips down !!!
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