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  • #792,321
  • Apr 28, 2013 4:18pm Apr 28, 2013 4:18pm
Quoting Likerty
SOld EURUSD at 3049 for 2990's and 2950 later and long $USDCAD at 1.0162, targeting 1.0300
Last week Gator wrote about 1.31-1.32 levels. It is risky to play against his analysis.
Stop going for the easy buck
  • #792,322
  • Apr 28, 2013 4:22pm Apr 28, 2013 4:22pm
Quoting TsunamiPL
{quote} Last week Gator wrote about 1.31-1.32 levels. It is risky to play against his analysis.
these levels need a confirmation first..
69
  • #792,323
  • Apr 28, 2013 4:23pm Apr 28, 2013 4:23pm
Quoting KillerWhale
EU seems to open @ 1.3051, Ucad @ 1.0166
How did you know that 20 mins ahead?
  • #792,324
  • Apr 28, 2013 4:24pm Apr 28, 2013 4:24pm
opening,
over H1 cloud/kumo is good support, and flat bottom, good support
but price has been stuck H4 just below clould/kumo for days, bad, and it is very thin (opportunity for slice up, good),
US futures seem pre-pricing on the ladder as a gap+ (meaningless until the first print but interesting)

gap and go.
3156 patiently.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #792,325
  • Apr 28, 2013 4:32pm Apr 28, 2013 4:32pm
Quoting Likerty
SOld EURUSD at 3049 for 2990's and 2950 later and long $USDCAD at 1.0162, targeting 1.0300
out EU shorts at 3060
69
  • #792,326
  • Apr 28, 2013 4:33pm Apr 28, 2013 4:33pm
Quoting Likerty
{quote} these levels need a confirmation first..
Where do you see the confirmation?
  • #792,327
  • Apr 28, 2013 4:34pm Apr 28, 2013 4:34pm
Selling euro is the right move. Still won't break through that
3000
floor yet but I sure hope it becomes a ceiling soon.
  • #792,328
  • Edited 4:47pm Apr 28, 2013 4:35pm | Edited 4:47pm
Quoting Mr Hatch
{quote} Where do you see the confirmation?
It already gone too far (for short setups) - it will challenge last HH at 3094 and if goes higher - that would be a confirmation
I'll try another tight short at 3085/88
3110/05 could be another place to sell
69
  • #792,329
  • Apr 28, 2013 4:40pm Apr 28, 2013 4:40pm
Quoting isek3
{quote} How did you know that 20 mins ahead?
xe.com
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  • #792,330
  • Apr 28, 2013 4:41pm Apr 28, 2013 4:41pm
sold eu for 1.3065
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  • #792,331
  • Apr 28, 2013 4:45pm Apr 28, 2013 4:45pm
i am short 3063. not scalp
looking for investors . pm me
  • #792,332
  • Apr 28, 2013 4:48pm Apr 28, 2013 4:48pm
Short 1.3060 TP 1.2880
  • #792,333
  • Apr 28, 2013 4:50pm Apr 28, 2013 4:50pm
Guys don't you think we should wait till the market opens then if the Gap comes above 1.3047 area then maybe the better option is to buy and make some pips till 1.3062 ?
hedge fund manager at many local financial inc.+Final year Medical student.
  • #792,334
  • Apr 28, 2013 4:51pm Apr 28, 2013 4:51pm
Quoting kamifx
Notice which 1.3050 till 1.3068 is the area for strong retracing towards 1.3018 and again some correction towards 1.3050 and again towards 1.29850
As i've suggested before considering this trend
Attached Image (click to enlarge)
Click to Enlarge Name: Trend.JPG Size: 28 KB
Don’t follow someone else’s trading advice blindly
  • #792,335
  • Apr 28, 2013 4:58pm Apr 28, 2013 4:58pm
Quoting Likerty
{quote} It already gone too far (for short setups) - it will challenge last HH at 3094 and if goes higher - that would be a confirmation
Ok, thank you. Allow me to offer you something to consider, when it comes to risk/reward and money management.
The price you mention (3094) is actually already 140 pips higher than the low, while at the moment, price still finds itself inside a big red candle that it has to overcome. Now, you know about the breakout-/pullback-/continuation scenarios you consistently find when looking at charts. When we close above 3094 (for the sake of this example let's consider 3100 to the point of interest), where would the stoploss for a long position be? I say, it should be right below 2988, which is - in this example - more than 100 pips. From a risk-reward point of view, assuming you're shooting for 1:3 or 1:4, you need a considerable pump before the rate decision on Thursday.
Try to think in terms of risk-reward-scenarios of 1:4, which is easier to stick your head to than 1:3, then you will see that entering the trade on a breakout after 1/4th of the move is already done is a) a waste of potential compared to an entry picking up the 1st quarter of the move as well with a tiny (we're talking about 4-5 pips here) stoploss and b) a loss of time, where you are in doubt of the outcome given the fact that Thursday can be huge game-changer and c) a place inside the trading range where you will have a difficult time placing a stoploss to break-even.

When thinking about a trade like that, even if the outcome is just 1.31 (1st quarter from the low) or around 3250 (1st half), charts above H1 (well, including H1 actually) are the only way not to lose focus.

Try it for yourself. Sub-divide the range from the recent low to ~310x and think about it.
Attached Image (click to enlarge)
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  • #792,336
  • Apr 28, 2013 5:00pm Apr 28, 2013 5:00pm
Quoting JediTradeWar
Selling euro is the right move. Still won't break through that 3000 floor yet but I sure hope it becomes a ceiling soon.
The red part sounds amazingly confident, almost professional.
The green part sound almost clerical...

Funny, isn't it?
  • #792,337
  • Apr 28, 2013 5:02pm Apr 28, 2013 5:02pm
Quoting Cornelis
Went long NZD/USD @0.8485 TP 0.8553 SL 0.8416 for the first 1 and trailing stop on the second. Short CHF/USD @ 0.9410 TP 0.9338 SL 0.9499 Sittig out on EUR untill london open Thinking long GBP but will also wait
Think it is a good idea to wait before longing cable, she is building nice wee sell signals same eu and aussie, so I would also be a little wary of you kiwi long there is a little room above but there is a lot bigger room below
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  • #792,338
  • Apr 28, 2013 5:06pm Apr 28, 2013 5:06pm
Quoting Mr Hatch
{quote} Ok, thank you. Allow me to offer you something to consider, when it comes to risk/reward and money management. The price you mention (3094) is actually already 140 pips higher than the low, while at the moment, price still finds itself inside a big red candle that it has to overcome. Now, you know about the breakout-/pullback-/continuation scenarios you consistently find when looking at charts. When we close above 3094 (for the sake of this example let's consider 3100 to the point of interest), where would the stoploss for a long position...

Very nice clean chart very nice analysis, best advice I seen for a long time, and agree on r/r focus
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  • #792,339
  • Apr 28, 2013 5:06pm Apr 28, 2013 5:06pm
Quoting Mr Hatch
{quote} Ok, thank you. Allow me to offer you something to consider, when it comes to risk/reward and money management. The price you mention (3094) is actually already 140 pips higher than the low, while at the moment, price still finds itself inside a big red candle that it has to overcome. Now, you know about the breakout-/pullback-/continuation scenarios you consistently find when looking at charts. When we close above 3094 (for the sake of this example let's consider 3100 to the point of interest), where would the stoploss for a long position...
My view is very similar, just I was referring to intraday TF's and targets within ADR...
Before rate decision it may produce three 100 pip days all in the same damn choppy range between 3110 and 2980
69
  • #792,340
  • Apr 28, 2013 5:09pm Apr 28, 2013 5:09pm
Quoting KiwiTrada
{quote} Think it is a good idea to wait before longing cable, she is building nice wee sell signals same eu and aussie, so I would also be a little wary of you kiwi long there is a little room above but there is a lot bigger room below
Lol technically that's not true, the room up is unlimited, the room down is limited to 0
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