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  • #794,721
  • May 6, 2013 2:53am May 6, 2013 2:53am
Quoting kuroro001
{quote} Hi, A good readability this morning, even though gbp banks are on holidays. I can't put a number, but it's a classic PA this morning, nothing new. The move down stopped on m5 with this bullish engulfing candle, the resistance is 10 pips higher and the setup is not as i want, so risk/reward is not good enough to make me going long. I'll still wait for now. And about Draghi, it's always a pain in the ass to trade while he speaks. I think we'll have to wait for him to open his mouth, because last time no one knew he could dump the euro like...

Good deal! I know that Great Britain has that May Day holiday today. I think the USD index wants to go short. However, I always, worry when the daily candle is short for this long when I want to go long. I was doing great last week until Draghi mentioned the negative bank rate holdings thingy. So, only bagged a crumb full of pips last week. Hopefully, this week will be less rhetoric from the Bankers and more liquidity and just pure PA. Well.. wishful thinking at least.
Luck has no place in trading. Leave that for the poker table.
  • #794,722
  • May 6, 2013 2:55am May 6, 2013 2:55am
Quoting kuroro001
{quote} No longs until i see a move below 1,3095 again. If a long setup here i'll buy for 1,3130-40 and above. Otherwise i'm waiting for a setup way lower ideally below 1,3030 so we'll have another daily lower low
Well, somehow the daily has to solve this new low problem that was made on Friday - If the weekly new high to be continued ... If this matter was not solved by at least a daily Doji , it will get really messy.
"It's the Margin, Stupid."
  • #794,723
  • May 6, 2013 2:56am May 6, 2013 2:56am
UK100 closed as insufficient liquidity!
  • #794,724
  • May 6, 2013 3:07am May 6, 2013 3:07am
Quoting kuroro001
{quote} No longs until i see a move below 1,3095 again. If a long setup here i'll buy for 1,3130-40 and above. Otherwise i'm waiting for a setup way lower ideally below 1,3030 so we'll have another daily lower low
Why do you need another lower low?
Friday bounce from lows in to new intraday highs - it must have been couple of gazillions eaten from buyers side
69
  • #794,725
  • May 6, 2013 3:07am May 6, 2013 3:07am

What do you guys think of a Limmet order @ 1.3185 SL 1.3205 TP 1.3085 ?

  • #794,726
  • May 6, 2013 3:10am May 6, 2013 3:10am
Quoting Cornelis
What do you guys think of a Limmet order @ 1.3185 SL 1.3205 TP 1.3085 ?
I think we need to get there first !!!!!
“Don't cry because it's over, smile because it happened.”
  • #794,727
  • May 6, 2013 3:11am May 6, 2013 3:11am
Sell 3114 for 3080's risk 3124
69
  • #794,728
  • May 6, 2013 3:24am May 6, 2013 3:24am
Quoting Likerty
{quote} Why do you need another lower low? Friday bounce from lows in to new intraday highs - it must have been couple of gazillions eaten from buyers side
To get more buyers at the weekly close
COT: The precious data ignored
  • #794,729
  • May 6, 2013 3:25am May 6, 2013 3:25am
Quoting Likerty
Sell 3114 for 3080's risk 3124
Sold 1,3115 stop 1,3122...don't want to risk more than that as PA keeps bouncing up
COT: The precious data ignored
  • #794,730
  • May 6, 2013 3:29am May 6, 2013 3:29am
Interesting reverse skew on short and long term duration

Attached Image (click to enlarge)
Click to Enlarge Name: EUR vol.png Size: 187 KB
  • #794,731
  • May 6, 2013 3:32am May 6, 2013 3:32am
Quoting kuroro001
{quote} Sold 1,3115 stop 1,3122...don't want to risk more than that as PA keeps bouncing up

I sold too at 131.40 as per what i thought and stated yesterday, just reloaded at 1.3120 after 130.93 bounce Stops moved to 1.3135 looking at 1.3065 to exit but could see that bounce andf possibly hit the pivot at 1.3045 but i may take the short at 1.31 if i get reasons too but will look for final exit and look at longs at 1.3058/53 Stop wouod be behind the pivot Daily S1 at 1.3045 but as monthly CPP is at 1.3037 be tempted to go 1.3033 with the stop and targetting 1.32 where i will look to scale if price action is correct for me.. if its not correct i will exit but iw ill be shorting around 1.32/13220 back to 1.3160 min perhaps 13120
  • #794,732
  • May 6, 2013 3:39am May 6, 2013 3:39am
set a order, I dont think that today would be much volatility, but I hope it goes 55pips down, if there is no surprise news.
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 61 KB
What does the world cost? A shit, so sell it!
  • #794,733
  • May 6, 2013 3:41am May 6, 2013 3:41am
3099might be interesting, lower stronger level @ around 3070 imho
  • #794,734
  • May 6, 2013 3:47am May 6, 2013 3:47am
Sold 0.03 Lots EURUSD 1.3106 SL 1.318 TP 1.305
been there done that, Good Bye
  • #794,735
  • May 6, 2013 3:53am May 6, 2013 3:53am
Quoting WhiteHorse
Sold 0.03 Lots EURUSD 1.3106 SL 1.318 TP 1.305
Why risking so much for less profits ?
COT: The precious data ignored
  • #794,736
  • May 6, 2013 3:53am May 6, 2013 3:53am
Quoting WhiteHorse
Sold 0.03 Lots EURUSD 1.3106 SL 1.318 TP 1.305

Be careful... pivots at 1.3045 but area to go higher high is 13058/53.... but who knows.. people are going to try for the pivot.. someone just had an image and on his image it suggests 1.3058.. i agree totally with that.. some people including myself in the past.. i say past lets say Friday... i was hoping to short 1.3165 as thats where the pivot was... but the area to short was 1.3060... where did it go from... 1.3060... i always try for perfection and sometimes that has left me in the wake of moves and then had to wait for the pullbacks, what i'm saying is 50 is the logical number and especially as people be playing the inverse H & S and Pivots below but you may be left trailing as I and some others on here i say others aas someone as an image and it looks like he's targetting aand looking to buy at 1.3058.. we aint going to move the market by any means but gives you an idea of people watching those areas for higher highs... if we are watching how many others are watching??? are the banks and hedge funds watching our area or your area??? think you catch my point, best of luck, only time will tell, just be careful trying to plug those etc pips
  • #794,737
  • May 6, 2013 3:55am May 6, 2013 3:55am
I am going to analyze positioning on the euro (where are people long and where are they short) from last week, will post results. wait
"You're solid gold, see you in hell"
  • #794,738
  • May 6, 2013 3:55am May 6, 2013 3:55am
Quoting kuroro001
{quote} Why risking so much for less profits ?

There's nothing wrong with his risk here... it's 3 to 1 in his favour.. i would be more inclined to get out at 130.60 though and if 1.3042 is going to happen then lok for price action sell signals on abounce from 1.3058 to 1.31 as 1.31 is the area it will look to try and come down once more but like i said 1.3058/53 could be the end of the move... but who knows
  • #794,739
  • May 6, 2013 3:59am May 6, 2013 3:59am
Quoting RussJ
{quote} There's nothing wrong with his risk here... it's 3 to 1 in his favour.. i would be more inclined to get out at 130.60 though and if 1.3042 is going to happen then lok for price action sell signals on abounce from 1.3058 to 1.31 as 1.31 is the area it will look to try and come down once more but like i said 1.3058/53 could be the end of the move... but who knows
In his favor ?

Risking 74 pips to get 56 pips ? I must suck in math.
COT: The precious data ignored
  • #794,740
  • May 6, 2013 4:08am May 6, 2013 4:08am
trying a short here 3014, 10 pip stop, will know quickly if right/wrong, edit. typo, 3114
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