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  • #959,221
  • Feb 11, 2015 2:14am Feb 11, 2015 2:14am
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  • #959,222
  • Feb 11, 2015 2:17am Feb 11, 2015 2:17am
Well this has been very anti climatic tonight...
  • #959,223
  • Feb 11, 2015 2:46am Feb 11, 2015 2:46am
A micro range for the european opening range in play. Struggling bulls still need to break 1.133x to get anything but the only level in play is losing the 1.13xx handle that will open a final assault to the stubborn and Greek strong 1.127x and the end target of the swing leg below.

Gossip day with OIL as the only key correlated market to track for dollar today. Nothing new to see until the area is solved, same trades, same levels, same all.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #959,224
  • Feb 11, 2015 3:06am Feb 11, 2015 3:06am
Quoting sisse
A micro range for the european opening range in play. Struggling bulls still need to break 1.133x to get anything but the only level in play is losing the 1.13xx handle that will open a final assault to the stubborn and Greek strong 1.127x and the end target of the swing leg below. Gossip day with OIL as the only key correlated market to track for dollar today. Nothing new to see until the area is solved, same trades, same levels, same all. sisse
Like you posted last night sir, it is compressed one side has to give in soon. I don't intend to long before 1.1220s for today.
  • #959,225
  • Feb 11, 2015 3:10am Feb 11, 2015 3:10am
Just avoiding EUR pairs for today.
  • #959,226
  • Feb 11, 2015 3:18am Feb 11, 2015 3:18am
I'm just itching to short E/J. I'll have to do it if Euro strength moves it up to 135.80.
  • #959,227
  • Feb 11, 2015 3:36am Feb 11, 2015 3:36am
Quoting ClinicalEx
I'm just itching to short E/J. I'll have to do it if Euro strength moves it up to 135.80.
I might sell small on 136x. for a swing trade. I'd avoid big lots, because of strong yen downside momentum. If it continues, i might sell larger on more deeper retrace.
On intraday I am trying to enter long to 136x, because of yen momentum and eur chop.
  • #959,228
  • Feb 11, 2015 3:43am Feb 11, 2015 3:43am
Quoting honeill
EURUSD fell initially during the course of yesterday session, but found enough support near previous day low at 1.1270 to turn things back around and form another doji pattern. The pair continues to consolidate below the 10-day moving average with a thigh range. A break above the 10-day moving average could push the pair a daily resistance at 1.1555 on the downside a break below previous day low could pull the EURUSD to year lows at 1.1097.


Didn't dint I read this exact paragraph yesterday?
  • #959,229
  • Feb 11, 2015 3:44am Feb 11, 2015 3:44am
Quoting maldegnegi
{quote} Like you posted last night sir, it is compressed one side has to give in soon. I don't intend to long before 1.1220s for today.

Careful with those 2 shorts you got running, you entered in the middle of the range instead of waiting for a test of the edges. Not somewhere I would have jumped in.

You said yourself we are compressing, I would call it consolidating in a range, we are not compressing in a very distinct pattern just yet. We have been playing the same range yesterday, Asia had no appetite to give us a break, Frankfurt didn't either and then London tried and failed, all this tells me we will continue as we are until we have a driver, which of course will be Greece.

So you knew what was happening, roughly at least, but you still decided to play the middle, that is not a trade, more of a coin toss.....
A contrarian; I always disagree.
  • #959,230
  • Feb 11, 2015 3:47am Feb 11, 2015 3:47am
Quoting goldfinch
{quote} Careful with those 2 shorts you got running, you entered in the middle of the range instead of waiting for a test of the edges. Not somewhere I would have jumped in.
Morning Goldfinch, yes I noticed and backed off for the moment. The thing is I see it keeps failing to go go up and but this is exactly what screwed my account last week on tuesday. It kept on failing that time to take 1.1360s and then, you know my story. I backed off and will wait for a better level to trade.
  • #959,231
  • Feb 11, 2015 3:49am Feb 11, 2015 3:49am
Quoting maldegnegi
{quote} Morning Goldfinch, yes I noticed and backed off for the moment. The thing is I see it keeps failing to go go up and but this is exactly what screwed my account last week on tuesday. It kept on failing that time to take 1.1360s and then, you know my story. I backed off and will wait for a better level to trade.

Open a M5 and put on 2 TL's, one on the bottom and one on top from the Asia high, you can see what is going on short term here from the Frankfurt open until now. The TL intersects the DP and price is behaving fairly well around it. Also we broke last nights range as seen from the top TL.

No need for indicators, or guess work for that matter.
A contrarian; I always disagree.
  • #959,232
  • Feb 11, 2015 3:53am Feb 11, 2015 3:53am
Quoting goldfinch
{quote} Open a M5 and put on a TL, you can see what is going on short term here from the Frankfurt open until now. The TL intersects the DP and price is behaving fairly well around it. No need for indicators, or guess work for that matter.
You like your DP's huh Did you see Frankfurt's outside candle on cable covering DP and 4 hour upper channel cross?
  • #959,233
  • Feb 11, 2015 3:54am Feb 11, 2015 3:54am
Quoting goldfinch
{quote} Open a M5 and put on a TL, you can see what is going on short term here from the Frankfurt open until now. The TL intersects the DP and price is behaving fairly well around it. No need for indicators, or guess work for that matter.
I just did and see HLs, it gives me the idea of it is being prepared to take the first res 1.1337. The move will be a quick one, I still think I should hold tight at least until the first res is taken.
  • #959,234
  • Feb 11, 2015 3:54am Feb 11, 2015 3:54am
Quoting ClinicalEx
{quote} You like your DP's huh Did you see Frankfurt's outside candle on cable covering DP and 4 hour upper channel cross?

Sorry I don't trade Cable, only eyeball it as flow when needed.

Quoting maldegnegi
{quote} I just did and see HLs.

So the question is then why did you short it and specifically why short it where you did? Nothing wrong with a short scalp, just not from where you were taken them. You took a short at 07 and 13 and now you are buying at 21 doubling your individual shorts, so in effect you have no trades on but you paid the spread/commission 3 times....

Have another look left and see that M5 bar at the London open, what does that tell you? So why buy it at 21?

You are a bit stuck now, buying exhaustion at 21 and selling the middle at 07/13.....and holding them all........


And you were doing so good yesterday...............
A contrarian; I always disagree.
  • #959,235
  • Feb 11, 2015 3:58am Feb 11, 2015 3:58am
dont watch the chart noise, its all a lie.. they want you too follow, then slam you out
  • #959,236
  • Feb 11, 2015 4:01am Feb 11, 2015 4:01am
Quoting maldegnegi
{quote} I just did and see HLs, it gives me the idea of it is being prepared to take the first res 1.1337. The move will be a quick one, I still think I should hold tight at least until the first res is taken.

What's being said, is holding tight is correct, but the 2 shorts were right in the middle of the range, if this thing bangs up to 1400+, that's all yesterdays gains wiped on one move.

scouse.
All My Opinions, Are Just That, My Opinion!!!
  • #959,237
  • Feb 11, 2015 4:02am Feb 11, 2015 4:02am
15 min chart making more sense at the moment
  • #959,238
  • Feb 11, 2015 4:04am Feb 11, 2015 4:04am
Quoting goldfinch
{quote} Sorry I don't trade Cable, only eyeball it as flow when needed. {quote} So the question is then why did you short it and specifically why short it where you did? Nothing wrong with a short scalp, just not from where you were taken them. And you were doing so good yesterday...............
I think I have fat fingers
Seriously here is what I tought, my experience is such that once London opens, it usually tests the low or high of Frankfurt and tought it would check @1.1300 or a little below. The first short entry I had was lets say OK but the second one which was close to 1.1300 is pure stupid. It didnt even give me 1 pip profit since I opened it. I admit that; was unnecessary. For today I have a goal of making 100 pips with 1 lot, at the moment -13 lol can still be a good day, have to concentrate better.
  • #959,239
  • Feb 11, 2015 4:06am Feb 11, 2015 4:06am
Quoting maldegnegi
{quote} I think I have fat fingers Seriously here is what I tought, my experience is such that once London opens, it usually tests the low or high of Frankfurt and tought it would check @1.1300 or a little below. The first short entry I had was lets say OK but the second one which was close to 1.1300 is pure stupid. It didnt even give me 1 pip profit since I opened it. I admit that; was unnecessary. For today I have a goal of making 100 pips with 1 lot, at the moment -13 lol can still be a good day, have to concentrate better.

See how silly that buy at 21 was now? You don't go buying exhaustion, ever. Now you are stuck, you are carrying a losing trade from 21 and are back at the middle here at 13 with still an illconceived short tied up lower at 07.

We are again testing that lower TL from the Frankfurt open, if that holds a long scalp would be appropriate, not a buy at 21 and a sell at 07.


Now you need to manage your 3 crappy trades, one way of doing that is closing that 13 when you can at BE+ a bit, carry the 07, then scalp a long to average your 21 down and get all 3 closed at BE once you hit your average on the way up on this TL rejection. At least you have a net average long of the TL rejection so you end up at zero for the morning, that is better then what you have going on now.

You just need the talkers to stay mum for a bit so we don't get a kneejerk from some Greek rumour.


Then you start again fresh for the day.
A contrarian; I always disagree.
  • #959,240
  • Feb 11, 2015 4:14am Feb 11, 2015 4:14am
Quoting goldfinch
{quote} See how silly that buy at 21 was now? You don't go buying exhaustion, ever. Now you are stuck, you are carrying a losing trade from 21 and are back at the middle here at 13 with still an illconceived short tied up lower at 07. We are again testing that lower TL from the Frankfurt open, if that holds a long scalp would be appropriate, not a buy at 21 and a sell at 07. Now you need to manage your 3 crappy trades, one way of doing that is closing that 13 when you can at BE+ a bit, carry the 07, then scalp a long to average your 21 down and...
I see I bought the top, what an idiot I am today. I got a little scared I guess and rushed myself into flat position but yes, why didnt I just close the two shorts instead? I use alot of hedging and so far there are a few instances I benefited from but not too many. Anyway, I'd better sit tight for a while, not a good start for the day.
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