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EURUSD

  • #789,861
  • Apr 18, 2013 1:37pm Apr 18, 2013 1:37pm
Quoting SugarPink
I know why he shorted. I know, maybe we don't get there today.

I dont see it getting there anytime soon....EU is due for at min consolidation, but im guessing a huge corection is coming. Too many problems in Europe to justify an expensive euo i.e. anything above 1.3 is overvalued. Fair value is in the low 1.2-1.1 area.
"It is not enough to have a good mind; the main thing is to use it well"
  • #789,862
  • Apr 18, 2013 1:40pm Apr 18, 2013 1:40pm
Quoting forexings
Won't be easy task to break 38 atm.
If EU closes in this general area (1.305) very bearish on the daily chart, and a cliff dive could be in store for tomorrow or monday.
"It is not enough to have a good mind; the main thing is to use it well"
  • #789,863
  • Apr 18, 2013 1:49pm Apr 18, 2013 1:49pm
Quoting SugarPink
The cool kids are shorting EURO (Ken,Max,whatever). They don't know what they are doing.
he was right, mate..
I did get 2 short signals, before london close, and a weaker one on that high today. I just didn't wanna take them, not liking the clock, very late here, and I don't wanna babysit for too long (if I were in that short). if you're around tomorrow, and have the time to look at my chart, I could show why it was a good one to short from.

I was actually aiming this, 3118ish (I think) at that moment..
Quoting ec_creep
there's maybe a good chance to see what you got there at 61.8%.
and I got this for ny,
Quoting ec_creep
...many times, from gator's levels, it hits that when it crosses my lines. anyways, for nyse.. 2963 3007 3042 3100 3154 3184 green pips to you, fellas here's another one... effing mid {image}
cheers, mate. wish you green pips
  • #789,864
  • Apr 18, 2013 1:53pm Apr 18, 2013 1:53pm
Quoting QuikFlipp
If EU closes in this general area (1.305) very bearish on the daily chart, and a cliff dive could be in store for tomorrow or monday.
Not possible unless current bear knock the spike root again
Support cluster looks promising.
You cannot learn better without losing
  • #789,865
  • Apr 18, 2013 1:54pm Apr 18, 2013 1:54pm
nvm...

I thought it was eu... like ken's
was valid anyway..sigh
  • #789,866
  • Apr 18, 2013 2:28pm Apr 18, 2013 2:28pm
Quoting hadox
survied by 0.x of a pip, anyway euro limit removed, looking for 1.533x and 1.536x in cable..
well , limits are set..

as always fridays tend to be a waste of time for me, so the week is over for me..

gl trading rest of the week
Patience is a virtue...
  • #789,867
  • Apr 18, 2013 2:50pm Apr 18, 2013 2:50pm
Quoting ec_creep
...
Yep! It ended up well :- p, green pips to you too ! *hug*
"You're solid gold, see you in hell"
  • #789,868
  • Apr 18, 2013 2:59pm Apr 18, 2013 2:59pm
Quoting forexings
Not possible unless current bear knock the spike root again Support cluster looks promising.

I dont see anything bullish about the EU on the daily, but to each his own. Green pips around
"It is not enough to have a good mind; the main thing is to use it well"
  • #789,869
  • Apr 18, 2013 3:06pm Apr 18, 2013 3:06pm
I just joined this wonderful forum yesterday. I've been paper trading and a chartist for over a decade. Emotions and greed controlled me and I quit for several years, so here I am again, trading with real money. These lists of profound projections and gorgeous charts humble me. All of you are amazing.
I am now LONG. My first target is
1.3200
Fridays are usually a waste for me also, but this untypical behavior of this strong intertrend will be very profitable, I will set my TTO as far as my small margin will allow me so the gaps tomorrow or next week will not make me miss an opportunity; that made me pull my hair out years ago. I wish you all the best.
  • #789,870
  • Apr 18, 2013 3:14pm Apr 18, 2013 3:14pm
Quoting Rockerzeus
Hi Attila, Hope you are Ok. Interesting idea. I try to apply your idea to my chart. Actually i was thinking about it since yesterday when Likerty mentioned about LO and NY open times and opening price relation with important levels. Ati1 Line 34 is OPEN price (Which is green and 1.3063) at 16:00 pm which is 09:00 am NY. HLBD is High and Low values since 6 hours back at 09:00 am as 1.3076 and 1.3037. Indi calculates (High-Low) and takes it as 6 hours range and (1.3076-1.3037)=0.0039 and add and subtract this value to opening price with some ratios....
Hi,
Interesting.. I used to use an indi for the sessions. Now I just eyeball it. If the fibs help you, that's fine, I just don't use them. New highs/lows is what I am paying attention to.
  • #789,871
  • Apr 18, 2013 3:22pm Apr 18, 2013 3:22pm
Quoting math_GB
You are not only sugar but also pink... You don't even understand what Max shorted... It is EJ...

haha. post of the day.
  • #789,872
  • Apr 18, 2013 3:27pm Apr 18, 2013 3:27pm
Quoting attila
Hi, Interesting.. I used to use an indi for the sessions. Now I just eyeball it. If the fibs help you, that's fine, I just don't use them. New highs/lows is what I am paying attention to.
Thanks Attila, I will keep your advice in my mind.

Take care
  • #789,873
  • Apr 18, 2013 3:35pm Apr 18, 2013 3:35pm
What a woman!

How nice. I come back from an IT meeting and I see Ms Market greeting me at the door with +26 (risky short at that time @75) pips and growing (by the looks of the 5&15 SMA both 10M & 30M).

What a woman. Glad I didnt kick her to the curb with a SL when the price went to 309x.

Almost as good as Hot Mama having a dinner for me when I come over.
Trade smaller than rational because the market is irrational...
  • #789,874
  • Apr 18, 2013 3:42pm Apr 18, 2013 3:42pm
Well I have to meet Hot Mama for Martinis and dinner but before I go I leave you with

Pipnography for Pip Pervs
Attached Image
Trade smaller than rational because the market is irrational...
  • #789,875
  • Apr 18, 2013 3:42pm Apr 18, 2013 3:42pm
Today is a boring day, so litle movs
  • #789,876
  • Apr 18, 2013 3:43pm Apr 18, 2013 3:43pm
Bear Flag forming

 

  1. Risk soured in NY afternoon (More)
  2. Bears encouraged by failure to hold 10 DMA & consolidation at recent lows
  3. Short-term charts show a bear flag forming as well
  4. Bear flags typically resolve in the direction from which they entered
  5. Completion of pattern suggests test of 200 DMA & beyond is on the cards

Trade smaller than rational because the market is irrational...
  • #789,877
  • Apr 18, 2013 3:45pm Apr 18, 2013 3:45pm
EU Tech Trader

A megaphone pattern is doing serious damage both to trend and tight range traders here. We've adjusted our offer closer to the last two day's highs and the upper 21-day Bolli band to avoid the middle of this expanding, yet non-trending, range on the daily charts.
Trade smaller than rational because the market is irrational...
  • #789,878
  • Apr 18, 2013 4:00pm Apr 18, 2013 4:00pm
Wrong decision for me. Out with losses and will reenter limit sell.
1.3064
  • #789,879
  • Apr 18, 2013 4:00pm Apr 18, 2013 4:00pm
Quoting Rockerzeus
Hi Attila, Hope you are Ok. Interesting idea. I try to apply your idea to my chart. Actually i was thinking about it since yesterday when Likerty mentioned about LO and NY open times and opening price relation with important levels. Ati1 Line 34 is OPEN price (Which is green and 1.3063) at 16:00 pm which is 09:00 am NY. HLBD is High and Low values since 6 hours back at 09:00 am as 1.3076 and 1.3037. Indi calculates (High-Low) and takes it as 6 hours range and (1.3076-1.3037)=0.0039 and add and subtract this value to opening price with some ratios....
Every session has a new story to tell - you can often spot PA ignoring HH's or LL's of the previous session, and same thing goes with all of them: Tokyo, London or NewYork..

If you're willing to dig in to this matter deeper - you can check my articles about:
different trading sessions
and
session breakout trading method which is based purely on PA, but it can be used as a reference point with other tech analysis tools
69
  • #789,880
  • Apr 18, 2013 4:29pm Apr 18, 2013 4:29pm
Quoting MaxDoom
cheers 5percent, and nice to see you here but I must leave this thread again now before the desire to continue overtakes me
Please stay Max: without you and Gator this muppet would be up the creek. Still trying to learn and wish to keep learning from the BEST
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