EUR/USD (GENERAL)

Mikey wrote:I mentioned in the chatroom on Sunday that ino quotes had a weekend quote of 4423. Seems it hit then bounced.
I managed to close my shorts from last week. @ 4382. Woohoo. Much happier thinking longs.
I'm away for a few days so won't be on much. Also have no charts
have a great day all.

Hey mikey, Hope all is well. We miss ya around here

i shorted this thing at 4510 and e/j 122 will add at 4550, 4568 and 123, 124

PipChick wrote:Hey Clue,
Since I missed the dip at the h1 38.2, I was able to get long on a h1 close above the blue TL. It rallied nicely right to the hi and has pulled back a bit now. If we get thru the 4480 area, I think the weekly ab=cd target will comeinto play at 4568. My stop is at BE now and I scaled out a bit so I am hoping to be able to remain int he trade. If my stop is hit, Iw ill look for a new entry and continue to buy dips up to the 4550-4568 area.

EU H1


Eu weekly:

I exited this long trade at 4512 with +68 pips. Reason for exit: Bearish gartley formed on the daily chart so we may not reach my 4568 target.

I just entered short at 4502 chonchy. I am placing the stop just above the 4518 hi. This will be a test trade in order to see if the rally is over. (thats why the stop is small). I think a break of the current hi will take us to that 4568 target so I will risk about 20 pips and I will move stop to BE as soon as possible.

I scaled out of the 4502 short trade at +21 and moved stop to BE. Lets see how it goes. If it takes out my BE stop, I will try to short it a little higher .Im not thinking buy the dips any longer at this point.

Edit: BE stop hit...re-entered at 4503, scaled out at +15 and stop at BE again.
I will post updates on this trade in the chat room.

EDIT:
Exited the Eu short with +50

I went short on the EU again. Looking to test the 50 or 61.8% fib on the H1 chart. I would really like to see the h4 50 ema test to possibly buy but Im not too sure we will get that.I think a 20 pip stop will indicate whether this is a good trade or not. As usual, I will move sl to BE and scale out as soon as possible.(entry 4481)

EU H1

I scaled out of this EU short with +15 pips and moved the sl to break even at 4481. I will let this run over night.

im looking to add to this dip targeting 4629

Hey mfoste,
Im long with you.
The h1 50% retracement held and has formed an ABC long targeting 4579 as long as 4436 holds.

EU H1

Could PA be anymore boring?

PipChick wrote:Could PA be anymore boring?

Be careful what you wish for. (By the way PC, you got some red stuff on your lower lip.)

long @ 1.4406 -Tp @ 1.4600- reversed @ 1.4625-

AlexC wrote:

PipChick wrote:Could PA be anymore boring?

Be careful what you wish for. (By the way PC, you got some red stuff on your lower lip.)

Huh? red stuff? Whats that? What am I missing? LOL

Price is still holding this ABC long off the 61.8 for the time being.As long as the daily chart doesnt close below the 5 ema, this abc long should hold. But a daily close below the daily 5 ema could send the EU down. For now, I am just looking at this price as a dip.Asia could prove different tho.

EU H1

PipChick wrote:Price is still holding this ABC long off the 61.8 for the time being.As long as the daily chart doesnt close below the 5 ema, this abc long should hold. But a daily close below the daily 5 ema could send the EU down. For now, I am just looking at this price as a dip.Asia could prove different tho.

EU H1

If we don't bounce from this level (4390), we may get a full retrace back to 4300

we did bounce up at 4406 not at 4390 tony but I think is not going back up again, I think is going to go side ways and then keep going down to look for that 4390 that you said, I'm selling rallies, scare of longs........

we are going for the Central Pivot Point at 4457 there it may bounce down again.......by the way, nice trading there PipChick.......

and so we took the CPP and now is heading for 4550 me think, so I was wrong tony it did go north and who know anymore where this thing is going........is crazy all this moves, I need to find onother pair to trade lol, I'm going short at 4550 anyways, small lot to test the waters and add at 4600 shorted earlier to 4412 from 4464 for some sardines lol, good luck to all of you .......

chonchy wrote:and so we took the CPP and now is heading for 4550 me think, so I was wrong tony it did go north and who know anymore where this thing is going........is crazy all this moves, I need to find onother pair to trade lol, I'm going short at 4550 anyways, small lot to test the waters and add at 4600 shorted earlier to 4412 from 4464 for some sardines lol, good luck to all of you .......

Turn on your Skype. currently have the flu, but will speak to you later on.

chonchy wrote:and so we took the CPP and now is heading for 4550 me think, so I was wrong tony it did go north and who know anymore where this thing is going........is crazy all this moves, I need to find onother pair to trade lol, I'm going short at 4550 anyways, small lot to test the waters and add at 4600 shorted earlier to 4412 from 4464 for some sardines lol, good luck to all of you .......

Hey chonchy, I hope your trading is gong good.

Euro volatility has been slowly but steady stabilizing the last few weeks to the historical average. The good old days of fear and mania moves seems to be over and the old fashion moves has been the norm lately. The weekly range is trending down and approaching to the +270 pips a week average of the first 8 years on the pair before the financial and debt crisis so is not a bad idea to review daily and intraday swing targets and readjust r:r, targets and stops or as you said check some other pairs to include in the basket.

Good luck
sisse

tonyo524 wrote:

PipChick wrote:Price is still holding this ABC long off the 61.8 for the time being.As long as the daily chart doesnt close below the 5 ema, this abc long should hold. But a daily close below the daily 5 ema could send the EU down. For now, I am just looking at this price as a dip.Asia could prove different tho.

EU H1

If we don't bounce from this level (4390), we may get a full retrace back to 4300

So here is the bounce that I spoke of. If this level is broken, I have 4300 as next hard support.

Hey tonyo,
Right now we are hanging around the 4386 level. I think if that level holds we could possibly go to the 4644 area, but a break below the 4364 and we could test the lower trendlines. 4364 sits at the h4 50% and the h4 50ema and the weekly pivot.

EU H4 chart:

chonchy wrote:we are going for the Central Pivot Point at 4457 there it may bounce down again.......by the way, nice trading there PipChick.......

Hey Chonchy TY and good to see you

ok tony I'll be here, hope you get bether my friend.........
Sisse my trading is gong bether yeah, now I know it goes up and down, last night i got in at 4510 again, is good rsistance there, and then added at 4500 and 4450 waiting for a retrace here to add at 4420 and stay short, afraid of "your" stability, that I don't see but.........I'm short, good luck to all of you, the pair is up and down like there is no tomorrow.......lol

PipChick wrote:Hey tonyo,
Right now we are hanging around the 4386 level. I think if that level holds we could possibly go to the 4644 area, but a break below the 4364 and we could test the lower trendlines. 4364 sits at the h4 50% and the h4 50ema and the weekly pivot.

EU H4 chart:

Gucci and I analyzed, planned and executed this long trade at 4385 this morning in the chat room. I scaled out and placed the stop at BE now. If you would like to watch other traders plan in-depth analysis and execute the trades, pop on over to the chat room. Guests do not have the chat room option. You must be a member to enter the chat room.
***NOTE*** For NEW chat room members: The chat room is for more in-dept analysis and is not used for general chat UNLESS there is no market movement or during off trading hours. It is used for SERIOUS, EXTREME analysis and trading.If you enter the chat room and see that traders are talking about charts/analysis, ect, please do not general chat.