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Trading EURUSD only

  • #42,561
  • Apr 9, 2013 8:51am Apr 9, 2013 8:51am
Out runner, +10,
  • #42,562
  • Apr 9, 2013 9:03am Apr 9, 2013 9:03am
Quoting Lucrativ
Morning Everybody, been busy tweaking my techniques and system, long at the moment, tp@3099 ("tp@3099"). JD, Wise, Uturn2 and of course, the formidable Steve Walker, a bigup to you all. {image}
Morning bro!
Trade smaller than rational because the market is irrational...
  • #42,563
  • Apr 9, 2013 9:10am Apr 9, 2013 9:10am
Been a while since I posted here at FF. Good to see people are getting short as well

Good luck to those looking to bank on a retrace here. TP zones are pretty clear.

Add: also long silver 27.20
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Be hopeful in a winning position, and fearful in a losing position.
  • #42,564
  • Apr 9, 2013 9:14am Apr 9, 2013 9:14am
If this don't hold as a base were going down to 3025, if it does we may see 3129
  • #42,565
  • Apr 9, 2013 9:14am Apr 9, 2013 9:14am
Quoting Rag2RichesFX
Been a while since I posted here at FF. Good to see people are getting short as well Good luck to those looking to bank on a retrace here. TP zones are pretty clear. Add: also long silver 27.20 {image}
Good to see you back here bro!

GL on Silver
Trade smaller than rational because the market is irrational...
  • #42,566
  • Apr 9, 2013 9:16am Apr 9, 2013 9:16am
Warning to short term bulls

 

  1. 1.3075 hit but no follow through, light stops there likely still intact
  2. Asian offers 1.3080-95 & cluster of strikes 1.3035,50 &65 exert bearish influence
  3. Recent bulls flashed a warning, RSI on 4 hour chart diverges now rolling over
  4. Bids still rest 1.3000-10 & 1.2960-80
  5. Stops are through 1.2960, if tripped s-t bulls likely throw in the towel
  6. Chart: http://link.reuters.com/byb37t

Trade smaller than rational because the market is irrational...
  • #42,567
  • Apr 9, 2013 9:32am Apr 9, 2013 9:32am
Quoting EuroTraderJD
Good to see you back here bro! GL on Silver

Thanks bro ill try to post more often

Silver may take another month or two but should see a major move up.
Be hopeful in a winning position, and fearful in a losing position.
  • #42,568
  • Apr 9, 2013 9:33am Apr 9, 2013 9:33am
Quoting EuroTraderJD
Warning to short term bulls 1.3075 hit but no follow through, light stops there likely still intact Asian offers 1.3080-95 & cluster of strikes 1.3035,50 &65 exert bearish influence Recent bulls flashed a warning, RSI on 4 hour chart diverges now rolling over Bids still rest 1.3000-10 & 1.2960-80 Stops are through 1.2960, if tripped s-t bulls likely throw in the towel Chart: http://link.reuters.com/byb37t

Be hopeful in a winning position, and fearful in a losing position.
  • #42,569
  • Apr 9, 2013 9:46am Apr 9, 2013 9:46am
Short covering rally may stall @ 1.3200

Ever since last week's BoJ decision sparked a wave of changes in investor positioning around the globe, most of the euro's rally has been driven by speculators covering their bets that the euro will drop, says George Dowd, who heads Newedge USA's foreign-exchange trading desk in Chicago. The trend may continue to $1.3150-$1.32, but won't likely have legs after that, he said. Once those old bets have all been cleared, it may leave the euro vulnerable, especially if the expected shift by Japanese real-money investors into European safe-haven assets (such as German bunds) never materialize, Dowd says. Euro is at $1.3033 from $1.3010 late Monday, according to EBS via CQG
Trade smaller than rational because the market is irrational...
  • #42,570
  • Apr 9, 2013 9:50am Apr 9, 2013 9:50am
Quoting Bocephus
If this don't hold as a base were going down to 3025, if it does we may see 3129
Well almost touched 3025, i think that will act as a base and we should go further up especially with this:
The statement was followed by threats from North Korea of “thermonuclear” war on the Korean Peninsula.

North Korea has warned all foreign nationals to prepare to evacuate the South in the event of conflict. "We do not wish harm on foreigners in South Korea should there be a war," Reuters quoted KCNA news agency as saying, citing the spokesperson for its Korea Asia-Pacific Peace Committee.
  • #42,571
  • Apr 9, 2013 9:57am Apr 9, 2013 9:57am
Wondering what your opinion is...do you think we will break this...or we are going through a top phase to start heading back south? Just wondering what your take on the price action.
Quoting EuroTraderJD
Short covering rally may stall @ 1.3200 Ever since last week's BoJ decision sparked a wave of changes in investor positioning around the globe, most of the euro's rally has been driven by speculators covering their bets that the euro will drop, says George Dowd, who heads Newedge USA's foreign-exchange trading desk in Chicago. The trend may continue to $1.3150-$1.32, but won't likely have legs after that, he said. Once those old bets have all been cleared, it may leave the euro vulnerable, especially if the expected shift by Japanese real-money...
  • #42,572
  • Apr 9, 2013 9:58am Apr 9, 2013 9:58am
Still standing down on going long here.

#1 its within my MM Price Saturation zone and #2 5 & 15 havent X.

Even if they did #1 over rules.
Trade smaller than rational because the market is irrational...
  • #42,573
  • Apr 9, 2013 10:05am Apr 9, 2013 10:05am
Quoting Robby
Wondering what your opinion is...do you think we will break this...or we are going through a top phase to start heading back south? Just wondering what your take on the price action.
Brother I try to to mix trading and thinking... Just like drinking and driving it could make you have a BAD day.

I have been wrong MANY times. It was good advice when I learned "Trade what you see and not what you think."

But since you asked I THINK it will go higher 1.3150 ish then down. This is why I am not shorting now and only doing longs when all the stars align.
Trade smaller than rational because the market is irrational...
  • #42,574
  • Apr 9, 2013 10:06am Apr 9, 2013 10:06am
look at your 30min chart I think it's a dead give away good luck all!
  • #42,575
  • Apr 9, 2013 10:14am Apr 9, 2013 10:14am
Quoting Bocephus
look at your 30min chart I think it's a dead give away good luck all!
  • #42,576
  • Apr 9, 2013 10:14am Apr 9, 2013 10:14am
Quoting Bocephus
look at your 30min chart I think it's a dead give away good luck all!
Its climbing bro but coming to the supply zone.

I have an existing long @84 so I will wait for Ms Market to come to me.

I am tempted to short here but HELL NO because the indos dont say so.

Just say no to greed. It will make your account bleed.
Trade smaller than rational because the market is irrational...
  • #42,577
  • Apr 9, 2013 10:16am Apr 9, 2013 10:16am
Quoting EuroTraderJD
Its climbing bro but coming to the supply zone. I have an existing long @84 so I will wait for Ms Market to come to me. I am tempted to short here but HELL NO because the indos dont say so. Just say no to greed. It will make your account bleed.

are you planning to exit the long at 84 as soon as its in any profit?

Like you said its about to walk into a wall of supply
Money never sleeps...
  • #42,578
  • Apr 9, 2013 10:16am Apr 9, 2013 10:16am
Yep...why I have not closed my long position just yet...but it sure is starting to look weak from my point of view. I do agree with you the tech are not lined up for short. When they do then I will close my position.
Quoting EuroTraderJD
Brother I try to to mix trading and thinking... Just like drinking and driving it could make you have a BAD day. I have been wrong MANY times. It was good advice when I learned "Trade what you see and not what you think." But since you asked I THINK it will go higher 1.3150 ish then down. This is why I am not shorting now and only doing longs when all the stars align.
  • #42,579
  • Apr 9, 2013 10:24am Apr 9, 2013 10:24am
Quoting inpatient
are you planning to exit the long at 84 as soon as its in any profit? Like you said its about to walk into a wall of supply
I am going to wait to see what the PA does.

The Supply/Demand is just an indo and not God. Indos work until they dont. I have found that PA is infallible.

Now a pop ITM
Trade smaller than rational because the market is irrational...
  • #42,580
  • Apr 9, 2013 10:24am Apr 9, 2013 10:24am
Quoting Robby
Yep...why I have not closed my long position just yet...but it sure is starting to look weak from my point of view. I do agree with you the tech are not lined up for short. When they do then I will close my position.
Good call my brother
Trade smaller than rational because the market is irrational...
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