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  • #321
  • Jul 25, 2013 2:33am Jul 25, 2013 2:33am
Quoting dario1002
holy sh@t..... starting to re-do my charts... meanwhile we are seying the rejection of usdx from the highlighted level.... no level is unbreakable, but in the past when we passed this level (82) we did with huge strenght... my take is, we are going to get some retracement... but still nothing sure.. just a hint... highlighted the possible targets... {image}

by the way... first target reached... now lets see if we get to the second target (hopefully, as im short eurusd)
Attached Image (click to enlarge)
Click to Enlarge Name: usdxdaily.png Size: 73 KB
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  • #322
  • Jul 25, 2013 12:20pm Jul 25, 2013 12:20pm
stopped out eurusd... still there on ej
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  • #323
  • Jul 26, 2013 3:47am Jul 26, 2013 3:47am
Quoting dario1002
eurjpy is on a sweet spot... on the verge of an explosion up or a huge retracement... those are important levels. If the BOJ decides to keep destroyng its currency... then we can easily see the previous max. EJ is currently 1 figure under previous max, much less than the 3 figures distance of GJ and UJ... i doubt we will break the previous max so easily if the other 2 pairs are so far away.. but who knows. Some GAMBLE... and that is a gamble, to aim for a retracement with SL over previous max.. but there is no pattern that supports it whatsoever,...

closing it and calling it a week... just for the sake of being right i leave 1 little soldier aiming for 130.30.. but i will kill it anyway if on the very lower TF (15-30 min) i see some reversal pattern.

By the way... i tend to post more setups instead of entry level. I think its more educating and i dont think im good enough to give trading calls. I might do that if u guys like it more... just ask and i will consider it.
I don't want a job, i want money!
  • #324
  • Jul 26, 2013 4:14am Jul 26, 2013 4:14am
Hi bro. No problem. Setup or entry position either is okay. We can learn from both. Btw my short on euro also hit sl. Crap.
  • #325
  • Jul 26, 2013 5:28am Jul 26, 2013 5:28am
Quoting mloistianto
Hi bro. No problem. Setup or entry position either is okay. We can learn from both. Btw my short on euro also hit sl. Crap.

dude.. this is a social forum and im dying of loneliness!!!
I don't want a job, i want money!
  • #326
  • Jul 26, 2013 7:15am Jul 26, 2013 7:15am
Quoting dario1002
{quote} closing it and calling it a week... just for the sake of being right i leave 1 little soldier aiming for 130.30.. but i will kill it anyway if on the very lower TF (15-30 min) i see some reversal pattern. By the way... i tend to post more setups instead of entry level. I think its more educating and i dont think im good enough to give trading calls. I might do that if u guys like it more... just ask and i will consider it.
I don't want a job, i want money!
  • #327
  • Jul 26, 2013 10:51am Jul 26, 2013 10:51am
Hi Dario
I don't trade the euro/usd but use it as a compass to trade other pairs
If you like to go short on EU instead look for short on EC. I have 12short orders at 3640-60 area TP 36 but will add more if it goes higher.
You have to consider currency strengths weak /strong if going short not strong/weak. USD is weak now because mr bubble head Bernanke stopped threatening pull out.
As long as unemployment figures remain 7.6 I don't expect USD getting significantly strong.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #328
  • Jul 29, 2013 12:34am Jul 29, 2013 12:34am
Quoting Davit
Hi Dario I don't trade the euro/usd but use it as a compass to trade other pairs If you like to go short on EU instead look for short on EC. I have 12short orders at 3640-60 area TP 36 but will add more if it goes higher. You have to consider currency strengths weak /strong if going short not strong/weak. USD is weak now because mr bubble head Bernanke stopped threatening pull out. As long as unemployment figures remain 7.6 I don't expect USD getting significantly strong. Regards

and when u say EC u mean..... eurgbp?
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  • #329
  • Jul 29, 2013 12:55am Jul 29, 2013 12:55am
Quoting dario1002
{quote} and when u say EC u mean..... eurgbp?

No Eur/CAD
In trading, you have to be defensive and aggressive at the same time
  • #330
  • Jul 29, 2013 1:14am Jul 29, 2013 1:14am
Quoting Davit
{quote} No Eur/CAD
my friend.. first of all... welcome here

eurcad short.. u know there isnt such thing actually... eurcad is given by eurusd + usd cad. If u short eurusd and then short usdcad.. then u get to short eurcad

watching the last canada news ur plan might be working.. byt honestly i dont really watch this cross.

Funnymentals are important.. but i trade technical analysis... i have my plan and my stop in case things go wrong i know my risk and i decide if im willing to take them
I don't want a job, i want money!
  • #331
  • Jul 29, 2013 1:53am Jul 29, 2013 1:53am
HI im shorting GBPUSD @ 1.5400.. but this PA getting on my nerves. Im not so sure on this one except the candle close below 1.5380. Because so far the h4 candle maintain to hold above this level. What do u think?
  • #332
  • Jul 29, 2013 2:09am Jul 29, 2013 2:09am
Quoting mloistianto
HI im shorting GBPUSD @ 1.5400.. but this PA getting on my nerves. Im not so sure on this one except the candle close below 1.5380. Because so far the h4 candle maintain to hold above this level. What do u think?
GU H4

hi mate, we are 40 pips up since LO - clearing Asia highs - I see no intraday short under 393 - personally, I'll be keeping an eye on that level on LTFs
Attached Image (click to enlarge)
Click to Enlarge Name: see.PNG Size: 38 KB
  • #333
  • Jul 29, 2013 2:10am Jul 29, 2013 2:10am
Quoting mloistianto
HI im shorting GBPUSD @ 1.5400.. but this PA getting on my nerves. Im not so sure on this one except the candle close below 1.5380. Because so far the h4 candle maintain to hold above this level. What do u think?

well... there is no pattern that supports cable going down.. on the weekly we have 3 white soldiers going high... the candles are nicely shaped, opened on the lows and closed next to the max (that is abullish pattern on the weekly... something to watch out).

On the other side... we are on a good S/R area on the daily and, if u treat this as a countertrade of the main patter, u can go for it, especially till there isnt no hourly close over 5410 or the break of yesterday's high...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 39 KB
Click to Enlarge Name: gbpusdh1.png Size: 36 KB
Click to Enlarge Name: gbpusdweekly.png Size: 29 KB
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  • #334
  • Jul 29, 2013 2:16am Jul 29, 2013 2:16am
DX H4

... so far - a little bounce at the fib line in sand ( 78.6 ) - lets see if dollar bulls can gain momentum from here ...
Attached Image (click to enlarge)
Click to Enlarge Name: dxh4.PNG Size: 49 KB
  • #335
  • Jul 29, 2013 2:21am Jul 29, 2013 2:21am
this is my working chart on usdx... have to say i never watch it on the lower TF... just look for S/R areas on the daily.. we are currently under a very important area.. which normally requires a re-test.... normally!!

charles... as far as u saw, is it useful to watch usdx on the lower tfs?
Attached Image (click to enlarge)
Click to Enlarge Name: usdxdaily.png Size: 60 KB
I don't want a job, i want money!
  • #336
  • Jul 29, 2013 2:34am Jul 29, 2013 2:34am
Quoting dario1002
charles... as far as u saw, is it useful to watch usdx on the lower tfs? {image}
I've started looking at it on H4 - don't really go below that - I have that chart open alongside 5 pairs each on M15 - to see the dollar bigger picture - to tell you the truth, my broker offers DX as a futures contract, so I don't see a lot of data on it - only up to 2 months, compared to the 16 months or so I can see on FX pairs via H4 - so the swing I marked I can only just see - but I remember it

... as for LTFs - you see similar candle patterns as you would on any chart - only it goes slower .... and I really only take it seriously as far as the Euro is concerned - EURUSD has the highest share of the index at about 57%, and then in 2nd and 3rd place are the JPY and GBP with only 14% and 12% respectively
  • #337
  • Jul 29, 2013 2:37am Jul 29, 2013 2:37am
Quoting chazzle
{quote} 393 - personally, I'll be keeping an eye on that level on LTFs
GU M15

scalping long the re-test
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 51 KB
  • #338
  • Jul 29, 2013 2:41am Jul 29, 2013 2:41am
Quoting chazzle
{quote} I've started looking at it on H4 - don't really go below that - I have that chart open alongside 5 pairs each on M15 - to see the dollar bigger picture - to tell you the truth, my broker offers DX as a futures contract, so I don't see a lot of data on it - only up to 2 months, compared to the 16 months or so I can see on FX pairs via H4 - so the swing I marked I can only just see - but I remember it ... as for LTFs - you see similar candle patterns as you would on any chart - only it goes slower .... and I really only take it seriously...

u know u can always get it on mt4 on a demo
I don't want a job, i want money!
  • #339
  • Jul 29, 2013 2:44am Jul 29, 2013 2:44am
Quoting dario1002
{quote} u know u can always get it on mt4 on a demo
yeah - tried it before, but never really got to grips with MT4 charts - and I like all my charts to be the same - also as I play mainly short-term, I don't really have to look that far back into past PA to get a set-up
  • #340
  • Jul 29, 2013 2:53am Jul 29, 2013 2:53am
Quoting chazzle
{quote} yeah - tried it before, but never really got to grips with MT4 charts - and I like all my charts to be the same - also as I play mainly short-term, I don't really have to look that far back into past PA to get a set-up

.. what about the cooking project???
I don't want a job, i want money!
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