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07-28-2008, 11:35 AM
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does anyone else see 5758 as a major resistance? as long as 5758 holds we should see 5700; on the other side if 5760 is broken up, i see 5780 and then 5820. just my thoughts=)
*this is my short term view
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07-28-2008, 11:38 AM
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thanks bro its very appriciate
Quote:
Originally Posted by smallcaps49
I have a screen both on the 1 min and a screen shot of the tick. I use the standard RSI 14. On the tick screen, watch for the bottom of the 30 range on RSI, when it bottoms, watch the tick run up. It very well follows the same pattern on the 1 min screen but just behind the tick. When the 1 min hits the 70 RSI range, watch it fall back to the 50 RSI and below,and the same on the tick, but much faster back to the 30 RSI. The 1 min will follow the tick back to the 30 RSI for another run again back to the 50 RSI and up to the 70 for another down turn!!!
It is very repetative!!!!!!!!!
Hope you can understand what I have tried to explain?
GLTY
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thanks bro its very appriciate |
07-28-2008, 11:53 AM
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Quote:
Originally Posted by smallcaps49
this morning and seen this was up in the +50 range, and almost hit the trigger @626, but thought it would hit my 60 pip TP. So I moved my original stop up to my open price. My original stop was 40 pips down from 1.57196 which was 1.56796 ! Should have left it alone with this market!
Oh well, I have already managed to scalp 40 pips in this last 40 min!!!!!!!
Have a great day!!!
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I am talking GMT couse it hit 1,5720ish already around midnight US time.
Anyways GL
b3 |
07-28-2008, 12:02 PM
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5 13 62
Hi every body, really enjoying reading the threads on this forum! Specially Stryker who is been quite today. Any way attaching a usefull link for who is interested on 5 13 62.
GL,
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07-28-2008, 12:59 PM
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b3nni-I'm talking
0600 am us time. Like I said, look at my original stop of 40 pips!
1.5719 - 40 pips = 1.5679!!!!!!!!!!!!!
Bye now!!
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07-28-2008, 02:40 PM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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the long taken yesterday from 5689 i finally bailed out at 5744...
been quite since missed the shorts on usd/yen and again missed shorts on euro from aorund 5779 i was hoping for...
staying flat with a possible interest frowing in shorting euppy..... i would look for a stall or aorund 169.66 to go short on euppy with s/l abnove 170.30 for a bigger pips to gain...
would analyze the charts around closing b4 deciding to act upon.....
trades are gettting harder as mkt is getting congested.......
GL ALL.........
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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07-28-2008, 04:24 PM
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Join Date: Jul 2008
Posts: 138
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I'm out
for the day with $1,475.17 scalping profit today!
I'm tired, and it is to erratic now!!!!!!
Good luck with your trades!!!
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07-28-2008, 04:46 PM
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Join Date: Feb 2008
Posts: 177
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Quote:
Originally Posted by smallcaps49
for the day with $1,475.17 scalping profit today!
I'm tired, and it is to erratic now!!!!!!
Good luck with your trades!!!
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smallcaps49, congratulations!
smallcaps49, if you would do that 300.000.000 times, it would still not be enough to pay off the deficit the US government created by overspending just the past fiscal year. For every individual living in the US (300.000.000) the government spent $ 1.600 more than they had in the cash register!!
Amazing isn't it ?? The dollar is undervalued....yeah right....LOL |
07-28-2008, 07:33 PM
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euro ending
Calculate 1.5790 at 10am GMT. Note the Fib cluster just by the price/tiime diagonal (Gann) line.  |
07-29-2008, 03:39 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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Euro seems to be in a limbo. Considering it would rally where and how far it could stretch out. i was trying a short from 5779 yesterday and the same TL now points to 5789 which is increasing 3 pips or around 5792 in next 4-5 hrs.
There is an ascending channel and a descending channel.
Point of interest is to sell lightly around 5790 with heavier ones around 5810-22…..
GL ALL.........
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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07-29-2008, 04:17 AM
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Join Date: Jul 2008
Posts: 35
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posting delay
Usually when I post a message or reply to a message it is posted to the forum after a delay. How can I amke sure there is no such delay?
Thanks-P
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07-29-2008, 05:28 AM
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Quote:
Originally Posted by stryker
Euro seems to be in a limbo. Considering it would rally where and how far it could stretch out. i was trying a short from 5779 yesterday and the same TL now points to 5789 which is increasing 3 pips or around 5792 in next 4-5 hrs.
There is an ascending channel and a descending channel.
Point of interest is to sell lightly around 5790 with heavier ones around 5810-22…..
GL ALL.........
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Yeah, agree with 1.5810-22 range, probably tomorrow. However, today I'm looking for 1.5765 before a break lower again within range. |
07-29-2008, 06:42 AM
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Quote:
Originally Posted by Edward16
Hi every body, really enjoying reading the threads on this forum! Specially Stryker who is been quite today. Any way attaching a usefull link for who is interested on 5 13 62.
GL,
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Interesting. I read the article and think Ill give it a try. I just had one question about EMA. My program gives me a number of options for it, such as: close, open, typical price, median price, high, low, etc. Which setting does one typically use for the EMA? (If its "typical price" I will laugh) |
07-29-2008, 06:50 AM
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Join Date: Jul 2008
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As of 07/28/08,
Put/Call Sentiment was as following:
EUR/USD - 11.7 Overly Bearish
AUD/USD - 1.4 Bearish
Options traders are becoming bearish on Aussie!
US Yield Curve gave a Bearish signal for USD (Steep). (10Y Yield/ 2Y Yield +2.7%).
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07-29-2008, 07:22 AM
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Sorry to be a nitpicker but is it 5/13/62 or 6/13/62? Is it the EMA or the RSI or both? On my program (FXCM) I can only see a 14 EMA which I tried to change to no avail.
As Stryker says, it's very hard to pick a trade at the moment, I tried short eur/jpy but bailed out when the 200+ points drop in the Nikkei index failed to move it, went long eur/jpy from 169.07 but progress has been limited to 30 odd pips sofar, now EUR/USD finally dropped under daily support and will probably test 1.5680. Long AUD/USD from what seems to be the bottom of a daily bull channel, would be a nice carry trade if support holds.
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