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  • #761,201
  • Feb 19, 2013 10:40pm Feb 19, 2013 10:40pm
Quoting nathaniel
Please don't call me a dumb retail trader!
haha. Well in all seriousness we'll have to see if it gets there or not but it looks pretty solid. Risk/reward would appear decent (>3), even if supply somehow holds on the next hit which I doubt it will. If it doesn't hold, oh well, move on to the next one, when you win you win big with these.
  • #761,202
  • Feb 19, 2013 10:42pm Feb 19, 2013 10:42pm
Quoting Kanzler
haha. Well in all seriousness we'll have to see if it gets there or not but it looks pretty solid. Risk/reward would appear decent (>3), even if supply somehow holds on the next hit which I doubt it will. If it doesn't hold, oh well, move on to the next one, when you win you win big with these.
Definitely. Pretty solid set up to me. And even if it doesn't hold, might look to sell it off. There's smth about these consolidation zones that brings good risk/reward. We will never know for certain where it will go. But as long as the key support levels are holding, i'm long!
  • #761,203
  • Feb 19, 2013 10:47pm Feb 19, 2013 10:47pm
Quoting Kanzler
By what twisted definition is the lower zone a high?
Had the same thing. Nice little confluence area. 38 retrace, previous SR, 200 EMA 1hr m5...
Attached Image (click to enlarge)
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  • #761,204
  • Feb 19, 2013 10:49pm Feb 19, 2013 10:49pm
Quoting Kanzler
Once you get confirmation your exposure to risk is relatively massive. Don't be afraid to short a rising market - who else would buy after a long bullish movement other than idiot retail traders?

It's all on you,dude
When the Joker is in the deck.. fear not and play it well
  • #761,205
  • Feb 19, 2013 10:52pm Feb 19, 2013 10:52pm
Quoting stevefx
Had the same thing. Nice little confluence area. 38 retrace, previous SR, 200 EMA 1hr m5...
Nice chart
Liquidity is dry as hell.
Let's see what happens at London open.
Are u in position yet? Or pending an order?
  • #761,206
  • Feb 19, 2013 11:02pm Feb 19, 2013 11:02pm
I think Pair traded higher after confirming the range of 1.3350 as Support, where the pair traded up to the 1:34 range on yesterday's trading session. Bias pair trading in the morning session today is Bullish to Bearish Momentum, be aware of the range of 1:34 when the pair confirmed as Support the pair will continue to trade higher to 1.3475 range as 1.3520 resistance followed. Conversely, if the 1:34 range Resistance again confirmed as the pair will potentially return to retracements back down to around 1.3350.
EURUSD has traded with Range 67 points is 90% of the Average Range 75 points and traded higher by +0.31% +0.36% High and Low -0.14% in trading yesterday. what do you think?
  • #761,207
  • Feb 19, 2013 11:04pm Feb 19, 2013 11:04pm
Quoting nathaniel
Nice chart
Liquidity is dry as hell.
Let's see what happens at London open.
Are u in position yet? Or pending an order?
Thanks. No, no position yet. I got other charts that show 3406 as the top of a more general demand zone. But not trading it cause of that other thing. Maybe set a pending at 95. 15 points is all i need to risk from there. Target maybe 3453. In other words, if I buy the market at its present price, we'll hit 95, if not then we should go straight up...
  • #761,208
  • Feb 19, 2013 11:16pm Feb 19, 2013 11:16pm
fok lets wait for the brits and franks
Attached Image
  • #761,209
  • Feb 19, 2013 11:20pm Feb 19, 2013 11:20pm
Quoting stevefx
Thanks. No, no position yet. I got other charts that show 3406 as the top of a more general demand zone. But not trading it cause of that other thing. Maybe set a pending at 95. 15 points is all i need to risk from there. Target maybe 3453. In other words, if I buy the market at its present price, we'll hit 95, if not then we should go straight up...
so you think today eu cross target 1.3460 ? or something like that do you think eu will buy
  • #761,210
  • Feb 19, 2013 11:31pm Feb 19, 2013 11:31pm
Quoting fahadzaman66
so you think today eu cross target 1.3460 ? or something like that do you think eu will buy
First of all, I don't know what it will do. I just trade the techs, like most others here are trying to do. But secondly, 3460 is a good outside target for a long on the day IMO. Thats the 38 retrace point from the top to the bottom, also the 27% extension for the current bull from the bottom to the top. Its within a daily range, but it would have to be a pretty big day (assuming price dipped to 95 area first). With 53 I have a fibber there, and I'm just trying to pick a point inside that retrace limit area for a daily target. Maybe I'd take profit a bit lower. That's about as deeply as I've thought about it.
  • #761,211
  • Feb 19, 2013 11:39pm Feb 19, 2013 11:39pm
morning.
looking for investors . pm me
  • #761,212
  • Feb 19, 2013 11:42pm Feb 19, 2013 11:42pm
Quoting kbmoonshinex
morning.

gm kbmoonshinex
  • #761,213
  • Feb 19, 2013 11:42pm Feb 19, 2013 11:42pm
Quoting stevefx
First of all, I don't know what it will do. I just trade the techs, like most others here are trying to do. But secondly, 3460 is a good outside target for a long on the day IMO. Thats the 38 retrace point from the top to the bottom, also the 27% extension for the current bull from the bottom to the top. Its within a daily range, but it would have to be a pretty big day (assuming price dipped to 95 area first). With 53 I have a fibber there, and I'm just trying to pick a point inside that retrace limit area for a daily target. Maybe I'd take...
yes i agree with you and i know but yesterday eu buy and break 1.3400 area so i expecting today eu will cross at least 1.3450+
  • #761,214
  • Feb 19, 2013 11:48pm Feb 19, 2013 11:48pm
lets see.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 31 KB
looking for investors . pm me
  • #761,215
  • Feb 19, 2013 11:50pm Feb 19, 2013 11:50pm
Quoting Kanzler
...
When price is rocketing off someplace usually there's a lack of liquidity fueling that, not so much a bulldozer of orders. In fact much of what I've read indicates that this rising type of movement when price is trying to find a new balance is fueled mostly by retail traders (after the initial boost by smart money) who want to get in on the move and operate on greed...
Markets are moved by elephants with deep pockets while most retail traders are behind the curve cannon fodders, not cannon boosters..
That being said, some do get lucky once in a while & hitch a ride with the elephants after constantly being on the receiving end of KITA FX kinetics..(KillerWhale? )

http://farm4.staticflickr.com/3637/3...65e40650_z.jpg

H4 SEX+UTD+GO for re-test of recent highs & potential break up to new highs..
  • #761,216
  • Feb 19, 2013 11:53pm Feb 19, 2013 11:53pm
Quoting kbmoonshinex
morning.

Gee...! Asia session was much more exciting than the European...!

Good Morning mate!
  • #761,217
  • Feb 19, 2013 11:58pm Feb 19, 2013 11:58pm
Quoting math_GB
Gee...! Asia session was much more exciting than the European...!

Good Morning mate!
morning dude
looking for investors . pm me
  • #761,218
  • Feb 20, 2013 12:01am Feb 20, 2013 12:01am
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
EUR/USD sell at CMP...SL 1.3450 TP1 1.3390 TP2 1.3350
  • #761,219
  • Feb 20, 2013 12:03am Feb 20, 2013 12:03am
Quoting jet4x
EUR/USD sell at CMP...SL 1.3450 TP1 1.3390 TP2 1.3350
That is just crazy trade, pat attention to your r/r and also the break-out which happened during Asia, extreme risky trade you are pulling.
  • #761,220
  • Feb 20, 2013 12:06am Feb 20, 2013 12:06am
Good morning all!
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