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  • #6,201
  • Jun 30, 2014 2:39am Jun 30, 2014 2:39am
dax showing some strength after the 978x test, maybe some month/quarter end flows, whatever the hell that means.. anyway, nearest R- area I have is around 1000x ish, but don't know how strong the bounce from 983x is going to be.. time will tell I guess..
Patience is a virtue...
  • #6,202
  • Jun 30, 2014 3:09am Jun 30, 2014 3:09am
Good morning.

Took 1st profit in AN at 0764, now looking if I can add lower.
EU short from 3643 (friday): s/o, now looking at 366x to short.
UJ: next long on the BBplay triggered at 101.27, tp for the whole position is .60.

End of month, quarter, halfyear and beginning of the ECB week. Might get interesting today.
Fail better.
  • #6,203
  • Jun 30, 2014 3:27am Jun 30, 2014 3:27am
Quoting LarryDarrell
Good morning. Took 1st profit in AN at 0764, now looking if I can add lower. EU short from 3643 (friday): s/o, now looking at 366x to short. UJ: next long on the BBplay triggered at 101.27, tp for the whole position is .60. End of month, quarter, halfyear and beginning of the ECB week. Might get interesting today.
how about 1.371x? you got anything up there?
Patience is a virtue...
  • #6,204
  • Jun 30, 2014 3:40am Jun 30, 2014 3:40am
Quoting hadox
dax showing some strength after the 978x test, maybe some month/quarter end flows, whatever the hell that means.. anyway, nearest R- area I have is around 1000x ish, but don't know how strong the bounce from 983x is going to be.. time will tell I guess..
I am with you on that, want it to test 9962 region today. Lets see if/when we go there.
  • #6,205
  • Jun 30, 2014 3:47am Jun 30, 2014 3:47am
Quoting workingforex
{quote} I am with you on that, want it to test 9962 region today. Lets see if/when we go there.
to be honest I'm not convinced about the bulls.. friday closed as an insidebar, and in my charts that's just indicating continuation, a daily close above 983x would make me consider a bull entry at the same area, but so far I'm still on the bear side hoping for a test of 965x.. so even though I got the area, I'm still waiting for a trigger.. might miss the train, but I'm fine with that , well kind off.. are you trading intraday or higher TF?
Patience is a virtue...
  • #6,206
  • Jun 30, 2014 3:48am Jun 30, 2014 3:48am
Quoting hadox
{quote} how about 1.371x? you got anything up there?
Yes, at 3718 I've placed a larger pending. Will continue to short (but with relatively tight s/l, so will get stopped out on the way further up) till 383x. After that I'll have to re-assess (?).
Fail better.
  • #6,207
  • Jun 30, 2014 3:51am Jun 30, 2014 3:51am
Quoting LarryDarrell
{quote} Yes, at 3718 I've placed a larger pending. Will continue to short (but with relatively tight s/l, so will get stopped out on the way further up) till 383x. After that I'll have to re-assess (?).
right, got it.. it's the only area I have, where there would be an acceptable RR, so waiting for that area atm..

btw what is tight for you in this environment?
Patience is a virtue...
  • #6,208
  • Jun 30, 2014 3:56am Jun 30, 2014 3:56am
Quoting hadox
{quote} right, got it.. it's the only area I have, where there would be an acceptable RR, so waiting for that area atm.. btw what is tight for you in this environment?
Thats a good question, since volatility/ADR is low, haven't really thought about adapting to that. For me a tight sl is 10-20 pips, the EU shorts I mentioned have about 15 pips. I like all those people who seem to get by with razorthin sl (3-8 pips), but I cannot do that. Get stopped only to have the trade turn around, etc., you know it.
Fail better.
  • #6,209
  • Jun 30, 2014 4:47am Jun 30, 2014 4:47am
Quoting LarryDarrell
{quote} Thats a good question, since volatility/ADR is low, haven't really thought about adapting to that. For me a tight sl is 10-20 pips, the EU shorts I mentioned have about 15 pips. I like all those people who seem to get by with razorthin sl (3-8 pips), but I cannot do that. Get stopped only to have the trade turn around, etc., you know it.
agree..

I think I'm giving it some time though, I'm ignoring a lot of 20-50 pippers lately, and the majority have a relative small drawdown, but I know they aren't superb, not at all actually.. but with this kind of movements, they add up.. but it goes against my thinking/principle of focusing on the best setups, and there will be losses too, but small though..

but interesting to hear about others situation/thinking, well, at least for me..
Patience is a virtue...
  • #6,210
  • Jun 30, 2014 7:44am Jun 30, 2014 7:44am
anyone got something like 1.718x in cable?
Patience is a virtue...
  • #6,211
  • Jun 30, 2014 7:49am Jun 30, 2014 7:49am
Quoting hadox
anyone got something like 1.718x in cable?
Hi hadox, Cable is puzzling. Looks like it is mostly ranging because of the usual order flow at month's end. But the last up move was looking serious ... I got some last resistance around 1.7080.

Edit: Got a reassessment, the number from my memory seems to be invalid: New Range in my Chart is actually to 1.7111
Fix up, trade sharp ...
  • #6,212
  • Jun 30, 2014 7:54am Jun 30, 2014 7:54am
Quoting Hickson
{quote} Hi hadox, Cable is puzzling. Looks like it is mostly ranging because of the usual order flow at month's end. But the last up move was looking serious ... I got some last resistance around 1.7080.
yes.. sloooow and choppy..

anyway, a close above 1.704x ish would open the map a bit in my charts.. a pullback for an entry around 1.701x ish, or maybe catch some momentum if we don't get a pullback.. I don't know, but that's prolly my plan for now..
Patience is a virtue...
  • #6,213
  • Jun 30, 2014 8:04am Jun 30, 2014 8:04am
Quoting Hickson
reassessment,
Smartass!

GU: got a stop at 7063 and new short entry at 7078...
Fail better.
  • #6,214
  • Jun 30, 2014 8:11am Jun 30, 2014 8:11am
GTL time..

latrs..
Attached Image
Patience is a virtue...
  • #6,215
  • Jun 30, 2014 8:20am Jun 30, 2014 8:20am
Quoting LarryDarrell
{quote} Smartass! GU: got a stop at 7063 and new short entry at 7078...
LOL ... lovely word, isn't it? Cable is crazy ... like Aussie, NZD, whole market is unpredictable to me today LOL ... gotta play some poker for refreshment I guess. Laters.
Fix up, trade sharp ...
  • #6,216
  • Jun 30, 2014 9:56am Jun 30, 2014 9:56am
As we talk about patience so often ... another classic example of "woulda coulda":

Game plan could be now: Wait for a retest of the 38.2 Fib and short again.
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Fix up, trade sharp ...
  • #6,217
  • Jun 30, 2014 10:28am Jun 30, 2014 10:28am
Usdollar d1:

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Don't be a hero. Don't have an ego. Always question yourself
  • #6,218
  • Jun 30, 2014 10:48am Jun 30, 2014 10:48am
Ouch. Was away, back now to count the losses:
GU: old short out at 7064, new short in at 7078, out at 7100
EU: short in 3668 and 3677, out 3683 and 3687. In at 3690...
EChf: new long at 2148
UChf: new long at 8871 (MA100)

Laters.
Fail better.
  • #6,219
  • Jun 30, 2014 2:45pm Jun 30, 2014 2:45pm
chanced a short @ 1.7112 prob. will pay but hell that's no news

GU M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #6,220
  • Jul 1, 2014 1:27am Jul 1, 2014 1:27am
Quoting workingforex
{quote} I am with you on that, want it to test 9962 region today. Lets see if/when we go there.
Goodmorning,

concern DAX ...GAP again UP, maybe today we will go more to that level 9962..maybe...
Yesterday every drop was smaller the previous lows, so maybe we may go UP, but I am out from last night...
Good trading to every one
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