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Trading EURUSD only

  • #42,961
  • Apr 16, 2013 6:26am Apr 16, 2013 6:26am
BUY at 1.3070...primary target: 1.3135
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  • #42,962
  • Apr 16, 2013 6:26am Apr 16, 2013 6:26am
JK on FX video and commentary

http://www.jkonfx.com/
Trade smaller than rational because the market is irrational...
  • #42,963
  • Apr 16, 2013 6:32am Apr 16, 2013 6:32am
Quoting sypherBG
I'm stunned from this move. I was short .30770 and closed -30 pips, short again @ 1.31 I expected the price to fell hard after such a rally and the short outlook of daily but now it seems that the price is cooling the RSI and stabilizing @ current level, preparing for another rally. ET JD got the MKT the way he wanted it. Stop buying man, let the price come down my way , you are pushing too hard . Kidding aside you're the man man.
Brother Sypher you made me laugh with that one.

Its pretty easy actually for the way I trade. (hyper scalp) The PA in relationship to 5 & 15 SMA (10M) and RSI3 (10M) is the bomb with some confirmation.

I try to have one good trade at a time while dancing with Ms Market.
Trade smaller than rational because the market is irrational...
  • #42,964
  • Apr 16, 2013 6:41am Apr 16, 2013 6:41am
EUR/USD shoots above 1.3100

FXstreet.com (Barcelona) - The EUR/USD embraced the upside and moved above the 1.3100 handle, reaching as high as 1.3114 for now, as European investors go for lunch and the market prices in expectations ahead of the US data, including the CPI report, Housing Starts and Industrial Production. “We expect headline CPI to rise by +0.1%/mth, following the chunky +0.7% rise the month before. On an annual basis, favorable base effects lower the rate from 2.0% to 1.7%/yr (mkt 1.6%)”, wrote TD Securities analyst Annette Beacher, expecting also a relatively subdued Core CPI, at +0.2%/mth and 1.7%/yr (mkt 2.0%).

It’s been reported that the French government may be targeting an average GDP growth of 2% over 2015/2017.
According to Fxbriefs.com analyst Peter Jackson, Philadelphia Fed’s Plosser said he would be uncomfortable saying the Fed won’t engage in asset sales, but he would like to see it happen in an eventual exit from the current Fed stimulus program and the central bank should return to use Fed funds rate as the policy instrument. Also, he wishes to shrink the balance sheet as well as short the duration of our portfolio in all treasuries.

“The outlook here remains bearish, for a slide towards 1.2950 support area and initial intraday resistance is projected at 1.3109”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to minor intraday support at 1.3020.
Trade smaller than rational because the market is irrational...
  • #42,965
  • Apr 16, 2013 6:51am Apr 16, 2013 6:51am
She's a bull. I added last night 1.3062.

600+ pips so far on total 3 trades and keeping all 3 open. Looks like as I posted before it is a bull's market. I am looking for 1.32+
Know when to hold em, Know when to fold em!
  • #42,966
  • Apr 16, 2013 6:54am Apr 16, 2013 6:54am
Goods, what told you she was a bull? (BTW, a bull can't be a she haha )
  • #42,967
  • Apr 16, 2013 6:57am Apr 16, 2013 6:57am
Quoting rehorst
Goods, what told you she was a bull? (BTW, a bull can't be a she haha )

You will need to go back to my last posts ... Bulls can be females hahah.
I posted quite a bit about CoT data. Where the big boy's are stepping in. Dont get me wrong, Overall she is a bear. I posted and commented and warned about this nice long winded pullback that was going to happen and it has. You will see in my previous posts. Lot's of people could have followed and made nice money and pips
Know when to hold em, Know when to fold em!
  • #42,968
  • Apr 16, 2013 7:12am Apr 16, 2013 7:12am
Quoting goods
You will need to go back to my last posts ... Bulls can be females hahah.
OK, I will review your posts. Thanks!

I went outside (no kidding), checked the cattle, and have yet to find a she bull...but I'll keep looking!
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  • #42,969
  • Apr 16, 2013 7:13am Apr 16, 2013 7:13am
Quoting rehorst
OK, I will review your posts. Thanks! I went outside (no kidding), checked the cattle, and have yet to find a she bull...but I'll keep looking! {image}

Props to wiki

http://wiki.answers.com/Q/What_is_a_female_bull_called
Know when to hold em, Know when to fold em!
  • #42,970
  • Apr 16, 2013 7:26am Apr 16, 2013 7:26am
Quoting goods
She's a bull. I added last night 1.3062. 600+ pips so far on total 3 trades and keeping all 3 open. Looks like as I posted before it is a bull's market. I am looking for 1.32+
WOW Great job brother
Trade smaller than rational because the market is irrational...
  • #42,971
  • Apr 16, 2013 7:36am Apr 16, 2013 7:36am
Quoting EuroTraderJD
WOW Great job brother
Thx my friend it only took me 3.5 years to figure out how to do it .
Know when to hold em, Know when to fold em!
  • #42,972
  • Apr 16, 2013 8:11am Apr 16, 2013 8:11am
Quoting goods
Thx my friend it only took me 3.5 years to figure out how to do it .
Brother AMEN. We started the FX school of hard knocks at the same time. Proficiency takes time.


Recent trade activity: Out of long @1.3131 for +1

Reason: PA moved below 5 SMA and RSI3 is under 5. Two strikes and old JD is out with a small win but a win none the less.

Will renter. Still have existing long @1.3196 and short @1.3099
Trade smaller than rational because the market is irrational...
  • #42,973
  • Apr 16, 2013 8:12am Apr 16, 2013 8:12am
Iran Hit by Magnitude 7.8 Quake Felt From Dubai to Delhi
  • #42,974
  • Apr 16, 2013 8:14am Apr 16, 2013 8:14am
http://timesofindia.indiatimes.com/w...w/19579252.cms
  • #42,975
  • Apr 16, 2013 8:16am Apr 16, 2013 8:16am

  1. Intra-day longs exit & EUR/USD slips below 1.3130 on IMF comments
  2. IMF says ECB policy should stay easy, scope available to cut rates further
  3. They also say the EUR appears 'modestly over-valued'
  4. Statments aid in protecting 1.3150 barrier, talk of 1.3200 barrier after that
  5. Protective offers remain ahead of both barriers still

Trade smaller than rational because the market is irrational...
  • #42,976
  • Apr 16, 2013 8:32am Apr 16, 2013 8:32am
I got this link for Mario's speach

http://www.europarl.europa.eu/ep-liv...ate=16-04-2013
Trade smaller than rational because the market is irrational...
  • #42,977
  • Apr 16, 2013 8:35am Apr 16, 2013 8:35am
Quoting EuroTraderJD
Brother AMEN. We started the FX school of hard knocks at the same time. Proficiency takes time. Recent trade activity: Out of long @1.3131 for +1 Reason: PA moved below 5 SMA and RSI3 is under 5. Two strikes and old JD is out with a small win but a win none the less. Will renter. Still have existing long @1.3196 and short @1.3099

my long trades are as is:

1.28000 - Still Open
1.28510 - Still Open
1.30600 - Still Open

and you are absolutely right, the only way I learned to see the market clearly for what it is:

1. Small small trade size risking no more than 1% and giving you ample Draw Down in pips so the trade can swing back around in favor of you.
2. Take off all indicators I trade naked (charts)
3. Build up your position giving bulls and bears time and space however only after you have locked in profit should you think about adding and only after confirmation in direction.
Know when to hold em, Know when to fold em!
  • #42,978
  • Apr 16, 2013 8:41am Apr 16, 2013 8:41am
Quoting goods
my long trades are as is: 1.28000 - Still Open 1.28510 - Still Open 1.30600 - Still Open and you are absolutely right, the only way I learned to see the market clearly for what it is: 1. Small small trade size risking no more than 1% and giving you ample Draw Down in pips so the trade can swing back around in favor of you. 2. Take off all indicators I trade naked (charts) 3. Build up your position giving bulls and bears time and space however only after you have locked in profit should you think about adding and only after confirmation in direction....
Great trading outlook. The key is trading small and giving Ms Market room. Patience will reward those who are diligent to their trading plan.

We are similar in our methodology in general. I hyper trade so I am in and out whenever possible and rely on my ST indos. The only time I can compound positions is on a big spike or when I wake up and there is a big move during the night.

Regardless 600+ pips is OUTSTANDING
Trade smaller than rational because the market is irrational...
  • #42,979
  • Apr 16, 2013 8:43am Apr 16, 2013 8:43am
EUR/USD capped by 100-day SMA

FXstreet.com (Córdoba) - The shared currency pushed higher and printed a fresh 7-week high versus the dollar after data showed US housing starts rose more than expected in March. EUR/USD stretched to a high of 1.3147 but found strong resistance at the 100-day SMA and pulled back.

At time of writing, EUR/USD is trading at the 1.3125 area, where it records a 0.7% gain on Tuesday. If the euro manages to break above 1.3147, next resistances are seen at 1.3163 (Feb 28 high) and 1.3200 (psychological level). On the other hand, supports in case of dips could be found at 1.3080 (100-hour SMA) and 1.3030 (intraday lows/200-hour SMA).

Meanwhile, separated data showed US industrial production grew 0.4% in March, beating expectations of a 0.2% rise.
Trade smaller than rational because the market is irrational...
  • #42,980
  • Apr 16, 2013 9:14am Apr 16, 2013 9:14am
Long @30

Reason: PA broke above 5 & 15 SMA

RS13 +50

30M is near supply zone which is somewhat negative.

Also 5 SMA is below 15 SMA not ideal but went with it anyway as my next long is @ 3196 well outside of the MM price saturation zone.

Also I have to leave for a client meeting and cant babysit Ms Market.

Should be in the Pips regardless. Still short @1.3099
Trade smaller than rational because the market is irrational...
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