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  • #3,101
  • Mar 19, 2014 6:29am Mar 19, 2014 6:29am
Quoting Ken A
E/A is on 48 pips range very unusual something big is about to happen
Maybe a big move in E/U driven by the FED decision can push up E/A. But A/U is a riddle to me. I do not understand what is driving it except a weak USD.
Fix up, trade sharp ...
  • #3,102
  • Mar 19, 2014 6:34am Mar 19, 2014 6:34am
Quoting Hickson
{quote} Maybe a big move in E/U driven by the FED decision can push up E/A. But A/U is a riddle to me. I do not understand what is driving it except a weak USD.
Looks like no one is willing to make a move (buying/selling) for E/A until FOMC.

Not easy to predict, if A/U rally on dollar weakness so will E/U so without direct selling/buying for E/A the rally will just cancel each other = E/A stalling.
  • #3,103
  • Mar 19, 2014 6:50am Mar 19, 2014 6:50am
Got out before it turns into a loss. I do not like the movement without direction. Will wait for FOMC for new input.
Fix up, trade sharp ...
  • #3,104
  • Mar 19, 2014 6:59am Mar 19, 2014 6:59am
I should stay in bed - bad idea to short E/CAD
  • #3,105
  • Mar 19, 2014 7:12am Mar 19, 2014 7:12am
Quoting Ken A
I should stay in bed - bad idea to short E/CAD
Still enough time to get out I guess. A small position might even wait for a retrace.
Fix up, trade sharp ...
  • #3,106
  • Mar 19, 2014 7:16am Mar 19, 2014 7:16am
1.5650 is within the range for E/CAD will probably try another short there but subject to U/CAD might breach the mid 1.12xx
  • #3,107
  • Mar 19, 2014 7:18am Mar 19, 2014 7:18am
Quoting Ken A
{quote} HS50 = HSI I check on the companies listed on HKSE are the same 50 companies probably listed outside HK, not sure didn't check. HSI and HS50 are operating on different market hours. HS50 is probably on Europe and US-Canada or following CME http://www.cmegroup.com/
makes sense..

I'm not familiar with it at all, since bear mentioned it I've compared vs the dax & SP though..
Patience is a virtue...
  • #3,108
  • Mar 19, 2014 7:37am Mar 19, 2014 7:37am
Quoting hadox
{quote} makes sense.. I'm not familiar with it at all, since bear mentioned it I've compared vs the dax & SP though..
not much correlation is there?
Don't be a hero. Don't have an ego. Always question yourself
  • #3,109
  • Mar 19, 2014 7:47am Mar 19, 2014 7:47am
Quoting USD-Bear
{quote} not much correlation is there?
no, not really.. sometimes they tend to move as they want.. can't really understand the correlation thing to be honest.. atm I try to read SP & HK the same way as the dax, but pretty mixed results to be honest..
Patience is a virtue...
  • #3,110
  • Mar 19, 2014 7:53am Mar 19, 2014 7:53am
Quoting hadox
{quote} no, not really.. sometimes they tend to move as they want.. can't really understand the correlation thing to be honest.. atm I try to read SP & HK the same way as the dax, but pretty mixed results to be honest..
think there isn't any, China moves on it's own merrits
Don't be a hero. Don't have an ego. Always question yourself
  • #3,111
  • Mar 19, 2014 7:57am Mar 19, 2014 7:57am
Quoting USD-Bear
{quote} think there isn't any, China moves on it's own merrits
you're prolly right.. atm I only try reading the charts, it was never my intention to understand any correlation though..

btw since you're buying atm, what are you aiming for?
Patience is a virtue...
  • #3,112
  • Mar 19, 2014 8:02am Mar 19, 2014 8:02am
Quoting USD-Bear
{quote} yes, market open just for 6-7 hours that's why the gaps it's an extra risk, they can indeed be large, currently stops @ 21.000 while 21.180 is (imo) most important support
Thank you. For me gaps are the plague, and thats the reason I turned to fx for short-term trading. Had some incidents in the beginning when my stops were executed sunday night, with a much larger than anticipated loss. Extra careful now when going into the weekend.
Fail better.
  • #3,113
  • Mar 19, 2014 8:02am Mar 19, 2014 8:02am
Quoting hadox
{quote} you're prolly right.. atm I only try reading the charts, it was never my intention to understand any correlation though.. btw since you're buying atm, what are you aiming for?
well if it turns out as expected, it's a holding position, got a few levels though like
24.000
25.000
32.000
The last one will do
Don't be a hero. Don't have an ego. Always question yourself
  • #3,114
  • Mar 19, 2014 8:08am Mar 19, 2014 8:08am
Quoting LarryDarrell
{quote} Thank you. For me gaps are the plague, and thats the reason I turned to fx for short-term trading. Had some incidents in the beginning when my stops were executed sunday night, with a much larger than anticipated loss. Extra careful now when going into the weekend.
yes agree very tricky, not suitable for st scalps
If I got the direction correct, think it will be a huge runner, otherwise a quick kill
Don't be a hero. Don't have an ego. Always question yourself
  • #3,115
  • Mar 19, 2014 8:10am Mar 19, 2014 8:10am
Quoting USD-Bear
{quote} well if it turns out as expected, it's a holding position, got a few levels though like 24.000 25.000 32.000 The last one will do
that's one hell of a target..

with that RR you can afford to be wrong a lot of times.. lol..
Patience is a virtue...
  • #3,116
  • Mar 19, 2014 8:20am Mar 19, 2014 8:20am
Quoting hadox
{quote} that's one hell of a target.. with that RR you can afford to be wrong a lot of times.. lol..
mostly I am (wrong a lot of times), but trades like long UJ at the end of 2012 (80=>100) cover a lot of bad timings
Don't be a hero. Don't have an ego. Always question yourself
  • #3,117
  • Mar 19, 2014 8:22am Mar 19, 2014 8:22am
Quoting Hickson
{quote} Still enough time to get out I guess. A small position might even wait for a retrace.
Out with +2 pips

Not making many pips from last week only G/J long hit +100 pips
  • #3,118
  • Mar 19, 2014 8:34am Mar 19, 2014 8:34am
Quoting USD-Bear
{quote} mostly I am (wrong a lot of times), but trades like long UJ at the end of 2012 (80=>100) cover a lot of bad timings
yes, you gotta love to lose and hate to take profit.. that's a pretty impressive trade, shit.. I remember you made a SP trade late december 2012 if I remember correct - I think that cover some losses too..
Patience is a virtue...
  • #3,119
  • Mar 19, 2014 8:44am Mar 19, 2014 8:44am
LOL Ken, E/A nearly at my potential target after I decided to take out the position before physio therapy session. You gotta stay online
Fix up, trade sharp ...
  • #3,120
  • Mar 19, 2014 8:59am Mar 19, 2014 8:59am
Quoting hadox
{quote} Im thinking 2 scenarios atm; 1. a test of 1.665x with possible momentum to 1.674x 2. this upmove was a big trap and a break of 1.657x with momentum to 1.643x anyway we prolly know i 20 min or so..
so far just a rejection - both scenarios are prolly still open atm..

anyway lets see what happens tonight

latr
Patience is a virtue...
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