Attachments: EURUSD

EURUSD

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#890,581
Apr 16, 2014 10:07am Apr 16, 2014 10:07am

hathor
Joined Dec 2013 | Status: Trader | 2,141 Posts

Quoting hathor

Disliked

In my opinion EurUsd took out most seller's stops over ~1.38300, and beautiful AB=CD pattern is waiting for being fulfilled...aiming to ~1.37500, which is the decide point of the butterflies. So watch out, this could be bear day soon. Edit: and there are even more stops under 1.37800-900... Edit2: of course these AB=CD patterns are valid while there is no new high {image}

Ignored

Mmm...nice to meet you teddy bear!

f(z)=z2+c

#890,582
Apr 16, 2014 10:10am Apr 16, 2014 10:10am

Iraniatrader
| Joined Apr 2014 | Status: Trader | 112 Posts

Whats the target of EU ?

Will EU break the 1.3785?

Is it a good idea to have short pending order on 1.3785 to 1.3770 in 15min TF?

#890,583
Apr 16, 2014 10:14am Apr 16, 2014 10:14am

julia2011
| Joined Aug 2011 | Status: Trader | 486 Posts

i start to hate eu ,, acting wired lately
still holding my long
i really hope to see at least 3865 today
GL

#890,584
Apr 16, 2014 10:15am Apr 16, 2014 10:15am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Tempting to buy EU, but inside a range i'll pass.

New low or nothing

COT: The precious data ignored

#890,585
Apr 16, 2014 10:18am Apr 16, 2014 10:18am

nathaniel
| Joined Jun 2010 | Status: Trader | 405 Posts

Agreed.
Draghi will defend euro if it goes too high, and yellen due to speak soon. Not a good time to enter new position now

#890,586
Apr 16, 2014 10:22am Apr 16, 2014 10:22am

Iraniatrader
| Joined Apr 2014 | Status: Trader | 112 Posts

Quoting nathaniel

Disliked

Agreed. Draghi will defend euro if it goes too high, and yellen due to speak soon. Not a good time to enter new position now

Ignored

Yellens lecture will start in 50 min later , so u mean it is better not to have an order now?

so whats the best time 2 start ordering?

#890,587
Apr 16, 2014 10:25am Apr 16, 2014 10:25am

dichev
| Joined Mar 2013 | Status: Trader | 138 Posts

Quoting Iraniatrader

Disliked

Whats the target of EU ? Will EU break the 1.3785? Is it a good idea to have short pending order on 1.3785 to 1.3770 in 15min TF?

Ignored

1.3761 is the first one...longs not in a good position.

#890,588
Apr 16, 2014 10:26am Apr 16, 2014 10:26am

Martingale
| Joined Apr 2009 | Status: Volume is everything | 972 Posts

I think it was interesting how yesterday we sipped in the 1.379x area where most of the volume is - on a daily timeframe however we have a splendid doube top there, for bears comfort.

#890,589
Apr 16, 2014 10:29am Apr 16, 2014 10:29am

mn786
| Joined Mar 2014 | Status: Trader | 36 Posts

Quoting julia2011

Disliked

i start to hate eu ,, acting wired lately still holding my long i really hope to see at least 3865 today GL

Ignored

dont worry it will be there soon, just hold it

#890,590
Apr 16, 2014 10:32am Apr 16, 2014 10:32am

nathaniel
| Joined Jun 2010 | Status: Trader | 405 Posts

Quoting Iraniatrader

Disliked

{quote} Yellens lecture will start in 50 min later , so u mean it is better not to have an order now? so whats the best time 2 start ordering?

Ignored

There isn't a best time. Just that I wouldn't open a new long/short now given that there might be higher volatility when Yellen speaks. If you are aware of the news and risks involved, sure, by all means

#890,591
Apr 16, 2014 10:38am Apr 16, 2014 10:38am

Norway
| Joined Feb 2010 | Status: Trader | 47 Posts

Went on holiday with family, all inclusive, get drunk, sold 3 lot eur/usd around 137300 and the whole week it go up.
i drink even more and was wery irritable to my whife a d my 5 yer daughter.
Daamned trade without any stop loss, i just foloow trend channel and range broke out high out of it.
was 30 pips from margin. Call, then on monday it went down.. Now i set take profit around 1.35300, no stop loss up. I do not think eur/usd go over 139500

The winner take it all

#890,592
Apr 16, 2014 10:38am Apr 16, 2014 10:38am

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

nap. have fun with the hot chick yellen.

#890,593
Apr 16, 2014 10:41am Apr 16, 2014 10:41am

pedro319
| Commercial User | Joined Jul 2013 | 7,881 Posts

Looking to short USDCAD
Risk: High (price action quite strong)
Reason: 38% Ret after plunge down Daily chart.
Stops can be 20/ 30 pips from this area.
Look for some rejection.
Good Luck

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#890,594
Apr 16, 2014 10:45am Apr 16, 2014 10:45am

nathaniel
| Joined Jun 2010 | Status: Trader | 405 Posts

Quoting pedro319

Disliked

Looking to short USDCAD Risk: High (price action quite strong) Reason: 38% Ret after plunge down Daily chart. Stops can be 15/ 20 pips from this area. Look for some rejection. Good Luck {image}

Ignored

Why? It just broke above 1.1000 with such force and momentum.
Are you trying for a counter-trend trade?

#890,595
Apr 16, 2014 10:50am Apr 16, 2014 10:50am

Neqrotik
| Joined Jun 2013 | Status: Trader | 980 Posts

Yellen will be risk friendly

i smell it.

The coincidental success is more dangerous than the expected failure

#890,596
Apr 16, 2014 10:52am Apr 16, 2014 10:52am

pedro319
| Commercial User | Joined Jul 2013 | 7,881 Posts

Quoting nathaniel

Disliked

{quote} Why? It just broke above 1.1000 with such force and momentum. Are you trying for a counter-trend trade?

Ignored

Yes. But first I need to see some rejection off this levels.
PA is quite strong indeed, but this is how I catch moves from the very start most times.
Cheers.

We watch the charts from every angle so you don't have to!!

#890,597
Apr 16, 2014 10:56am Apr 16, 2014 10:56am

Martingale
| Joined Apr 2009 | Status: Volume is everything | 972 Posts

Quoting Norway

Disliked

Went on holiday with family, all inclusive, get drunk, sold 3 lot eur/usd around 137300 and the whole week it go up. i drink even more and was wery irritable to my whife a d my 5 yer daughter. Daamned trade without any stop loss, i just foloow trend channel and range broke out high out of it. was 30 pips from margin. Call, then on monday it went down.. Now i set take profit around 1.35300, no stop loss up. I do not think eur/usd go over 139500

Ignored

I blew so many small accounts back in the days with this precise approach.
Breath, go for a walk and write off at least half of that volume. If it goes down you are still happy, if it does not you are less sad.

On a side note, stop trading on emotion - you can't open such positions without monitoring and adjusting your business case twice a day.

On a side side note, stop go to all-inclusive holidays. These are for sad turists who love to get drunk in a swimming-pool independently from where they are staying. It is really unclassy. We have plenty in Spain and Italy. consider out-of circuit B&B managed by small families and get to know locals trends.

Cheers

#890,598
Apr 16, 2014 11:06am Apr 16, 2014 11:06am