|
|
 |
|
08-28-2008, 04:19 PM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 27
|
|
"Chop Til U Drop"
Hi all
Just in from Reuters:
Quote:
19:36 (GMT) EUR/USD: Only Minor USD Gains Despite Oil Dip and GDP Rise New York, August 28. All things considered, the 29 pip drop in EUR/USD prices since yesterday is pretty small change considering the healthy US GDP report released today, which had bullish forward-looking factors imbedded in it, as inventories were trimmed and exports expended. The news caught EUR/USD traders trying to fight the recent US recovery tide due to how far and fast EUR/USD had fallen since the July 15 peak, thus only the grudging pullback today. The 40k drop in German jobless also helped the EUR with widespread concerns it and some of its Eurozone neighbors are headed for recession. Germany"s Fin Min tried to refute that theory today.
Our sense is that both EUR/USD bulls and bears are right, but it comes down to timing, with bulls right that consolidation or a corrective rebound makes sense near-term, while the bears are correct that the broader trend has turned in the dollar"s favor despite some near-term countertrend pressure. If this were a TV show it would be called "Chop Til U Drop" as the two opposing forced get worked through.
|
A good title for the EURUSD "Chop Til U Drop", lol. Yes it's a guessing game as to who is up and down on the day which does make it much harder than when it was in a more predictable up-trend, so I guess we can only do what we can on the day. I noticed that trading the USDCHF is like trading the Euro of 2 months ago, not so volatile and nice up-trend, so I may now focus more on trading that pair.
...John
PS. Note for AndrewD, your image is too heavy in your post and I've had to block it on my web-browser I think the post may now be removed as I can't see it anymore. The image was about 1.7mb which is huge compared to the other image files here that are normally 20x smaller. The reason why the data size is too large is because you've used a bitmap (.bmp) when ideally you want to use a .gif or .png or jpeg, ideally in a format that can show it as a similar quality but with a much smaller data size and .gif, .png and .jpeg are designed to be optimised for webpage use. The .gif and .png formats are normally better for charts as you can save in 250 or less colours, hence they are a much smaller in data size and if you optimise them (available in some image editors) by removing unused colours then they can become very small. I could get your image to as low as 50k with the right format and optimization, so that is over 30x smaller, hence very fast to load and not a burden on any internet connection.
Last edited by John_FXUK; 08-28-2008 at 04:24 PM..
|
08-28-2008, 04:28 PM
|
 |
Member
|
|
Join Date: Feb 2008
Posts: 519
|
|
Quote:
Originally Posted by bvl
Enjoying myself every day (maybe not always as much as i could/should.....but more than enough to keep doing this  )
The Balvenie even better than Bowmore if you ask me.....proost! |
Absolutely right you are. The Balvenie is even better.
For a lousy 6 points on one lot a bottle can be yours. And 6 points can be gone in just a second. Bottles take longer, thank god.
Good to hear you are doing fine, bvl. Salut and tot later. |
08-28-2008, 05:02 PM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 138
|
|
The Stage is Set
for another Nice Bounce back up from this 1.4700 range for short tern Gains?
jmho
caps out...
PS-Look back at my posts and you will answer all your questions! And if not I will get back!!!!!!!!!!!!
|
08-28-2008, 05:50 PM
|
|
Member
|
|
Join Date: Aug 2008
Posts: 91
|
|
|
Sorry about the file size
Quote:
Originally Posted by John_FXUK
Hi all
...John
PS. Note for AndrewD, your image is too heavy in your post and I've had to block it on my web-browser I think the post may now be removed as I can't see it anymore. The image was about 1.7mb which is huge compared to the other image files here that are normally 20x smaller. The reason why the data size is too large is because you've used a bitmap (.bmp) when ideally you want to use a .gif or .png or jpeg, ideally in a format that can show it as a similar quality but with a much smaller data size and .gif, .png and .jpeg are designed to be optimised for webpage use. The .gif and .png formats are normally better for charts as you can save in 250 or less colours, hence they are a much smaller in data size and if you optimise them (available in some image editors) by removing unused colours then they can become very small. I could get your image to as low as 50k with the right format and optimization, so that is over 30x smaller, hence very fast to load and not a burden on any internet connection.
|
John,
I am sorry about the file size, and have corrected it. By trade, I am an internetworking engineer for both voice and data, and often times I forget that most people aren't two hops off the backbone of the internet with 100s of mbits to spare. I have gotten out of touch with the norm I guess because I have been working on large telephony networks, sorry.
|
08-28-2008, 08:36 PM
|
|
Member
|
|
Join Date: Aug 2008
Posts: 91
|
|
|
Directionless?
I've plotted out support, pivot and resistance based on 00:00 GMT. I've also plotted a downchannel - longer term, and an up channel, shorter term. All this tells me is wait and see, no trade for now. Looking for a break of either the up or down to give me a hint. Anyone else have opinions, counts, etc.?
 |
08-28-2008, 09:33 PM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 36
|
|
Quote:
Originally Posted by smallcaps49
for another Nice Bounce back up from this 1.4700 range for short tern Gains?
jmho
caps out...
PS-Look back at my posts and you will answer all your questions! And if not I will get back!!!!!!!!!!!!
|
is this going to turn around at 57? |
08-28-2008, 09:38 PM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 138
|
|
BINGO, another Nice Scalp
this time for all profit!!!!!!!!!!!!!!!
14170932 00733323 EUR/USD 400 B 1.47000 1.47317 126.8 1,268.00 0.00 8/28/2008 17:10 8/28/2008 21:33
14165424 00733323 GBP/USD 400 B 1.82676 1.83110 173.6 1,736.00 0.00 8/28/2008 13:57 8/28/2008 21:33
14165336 00733323 EUR/USD 400 B 1.46970 1.47317 138.8 1,388.00 0.00 8/28/2008 13:53 8/28/2008 21:33
I just love 5 13 62!!!!!!!!!!!!
Back to the charts!!!!!!!!!!!!!!
caps out...
|
08-28-2008, 09:58 PM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 138
|
|
Bingo, 2 more for a GREAT scalp
14175819 00733323 GBP/USD 400 B 1.83043 1.83179 54.4 544.00 0.00 8/28/2008 21:47 8/28/2008 21:56
14175808 00733323 EUR/USD 400 B 1.47283 1.47410 50.8 508.00 0.00 8/28/2008 21:47 8/28/2008 21:56
I just LOVE my 5 13 62!!!!!!!!!!!!!
caps out...
|
08-28-2008, 10:12 PM
|
|
Registered User
|
|
Join Date: Aug 2008
Posts: 4
|
|
Great Congrats  smallcaps49. from Turkey greatings |
08-28-2008, 10:25 PM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 89
|
|
Quote:
Originally Posted by smallcaps49
14175819 00733323 GBP/USD 400 B 1.83043 1.83179 54.4 544.00 0.00 8/28/2008 21:47 8/28/2008 21:56
14175808 00733323 EUR/USD 400 B 1.47283 1.47410 50.8 508.00 0.00 8/28/2008 21:47 8/28/2008 21:56
I just LOVE my 5 13 62!!!!!!!!!!!!!
caps out...
|
hi small, I still donīt get your strategy.
apparently you bought at the crossing of the 13 from below (in the 5m or 1m timeframe), but on 30 m and 60 m prices (and 5 and 13) were below the 62. and in previous posts you told us that all timeframes must coincide (in this case 5 and 13 must be above the 62....
is that ok?
btw... GOOD JOB ANYWAY!! |
08-28-2008, 10:53 PM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 27
|
|
EUR/USD: Targeting 1.4775
Quote:
02:15 (GMT) EUR/USD: Targeting 1.4775 As USD Continues To Ease/Oil Climbs Sydney, August 29: The EUR/USD is above 1.4735 hourly resistance, as oil futures continue to move higher in Asia after the UK Telegraph article suggested that Russia may restrict oil supplies to the west. NYMEX Crude rose around 1 USD in electronic trading and this has put the USD under broad pressure. Dealers note that is was the 5 USD-plus fall in oil prices that pulled the EUR/USD below 1.4700 during the US session, as the pairing actually traded above 1.4800 at one stage after the US GDP release. The US dollar index has fallen to 76.91 after closing the US session around 77.20.
The next level of hourly resistance is found around 1.4775 and key resistance is found at yesterday"s 1.4812 high. The EUR/USD trades 1.4745/50.
|
It's going up again, but remember that there may be a lot of bad EUR news starting in 6 hours, so it seems that it will be a similar day to yesterday (Thursday, it's now Friday GMT).
...John
|
08-28-2008, 11:21 PM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 138
|
|
Rodri-
Quote:
Originally Posted by -Rodri-
hi small, I still donīt get your strategy.
apparently you bought at the crossing of the 13 from below (in the 5m or 1m timeframe), but on 30 m and 60 m prices (and 5 and 13) were below the 62. and in previous posts you told us that all timeframes must coincide (in this case 5 and 13 must be above the 62....
is that ok?
btw... GOOD JOB ANYWAY!!
|
This is a hard system to explain. You must work with the RSI along with the trend (62 sma) I thought that I had explained 5 13 above or below the 62 with rsi in corrilation works? I'm sorry if I have not made my self clear. I watch the rsi on the 30 50 and 70 lines along with the 5 13 cross overs and how they run with the 62 line for long or short. I have played with this for over 2 months now. When the 5 takes a roll over (either up or down) watch for it to run in that direction as soon as it does that. Then when it reverses, its the same. I generally hit the button when it has made a solid gain or loss and is in that rollover. It usually runs in that direction for profit. And especially when it cross the 13.. But you have to keep an eye on he rsi along with what I had just said. When the rsi runs close to the 30 after a big drop and starts up, it generally says buy. And when its on a good run already, the 50 line is the indicator for a run back up. I generally only scalp the way this market has been with thes 80% moves.
Ply with it, and watch that 5 tl when it rolls in either direction. You must also keep an eye on all charts, 1 5 15 30 and hrly with the rsi. The 1 min is the very most important, the 5 and 15 is important over the 30 an 60 min. But the rsi is important on all for a definate indicator for direction. Just play as I have said, and watch the 5 tlroll over on the 1 5 15, and you will catch on, but just paper it till you have figured it out!!!!!!!
The 5 roll will tell you to buy and when to sell for profit!!!!!!!
Hope this helps?
caps out...
|
08-28-2008, 11:46 PM
|
|
Registered User
|
|
Join Date: Aug 2008
Posts: 2
|
|
|
test - ignore this message
test - ignore this message
|
08-29-2008, 12:09 AM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 138
|
|
I'm done for the day with these last
trades. Made a just above even. Beer time and bed!!!!!!!!!!
14176860 00733323 EUR/USD 400 B 1.47427 1.47426 -0.4 -4.00 0.00 8/28/2008 22:23 8/29/2008 00:03
14176865 00733323 GBP/USD 400 B 1.83147 1.83130 -6.8 -68.00 0.00 8/28/2008 22:23 8/29/2008 00:03
14177085 00733323 GBP/USD 400 B 1.83115 1.83130 6 60.00 0.00 8/28/2008 22:33 8/29/2008 00:03
14176581 00733323 GBP/USD 400 B 1.83152 1.83130 -8.8 -88.00 0.00 8/28/2008 22:10 8/29/2008 00:03
14176549 00733323 EUR/USD 400 B 1.47428 1.47426 -0.8 -8.00 0.00 8/28/2008 22:09 8/29/2008 00:03
14177050 00733323 EUR/USD 400 B 1.47393 1.47426 13.2 132.00 0.00 8/28/2008 22:32 8/29/2008 00:03
Good Night All!!!!!!!!!!!
caps out...
PS-Was hoping for one more good scalp, but made a few bucks...
|
08-29-2008, 12:14 AM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 138
|
|
OOPS, left one trade off
Quote:
Originally Posted by smallcaps49
trades. Made a just above even. Beer time and bed!!!!!!!!!!
14176860 00733323 EUR/USD 400 B 1.47427 1.47426 -0.4 -4.00 0.00 8/28/2008 22:23 8/29/2008 00:03
14176865 00733323 GBP/USD 400 B 1.83147 1.83130 -6.8 -68.00 0.00 8/28/2008 22:23 8/29/2008 00:03
14177085 00733323 GBP/USD 400 B 1.83115 1.83130 6 60.00 0.00 8/28/2008 22:33 8/29/2008 00:03
14176581 00733323 GBP/USD 400 B 1.83152 1.83130 -8.8 -88.00 0.00 8/28/2008 22:10 8/29/2008 00:03
14176549 00733323 EUR/USD 400 B 1.47428 1.47426 -0.8 -8.00 0.00 8/28/2008 22:09 8/29/2008 00:03
14177050 00733323 EUR/USD 400 B 1.47393 1.47426 13.2 132.00 0.00 8/28/2008 22:32 8/29/2008 00:03
Good Night All!!!!!!!!!!!
caps out...
PS-Was hoping for one more good scalp, but made a few bucks...
|
14177194 00733323 GBP/USD 400 B 1.83057 1.83118 24.4 244.00 0.00 8/28/2008 22:38 8/28/2008 23:37
That shows my small gain! LOL!!!!
Good Night All
caps out... |
|
|
| Thread Tools |
|
|
| Rate This Thread |
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|
