the EU is still holding its descending triangle.. hmmmmm... breakout probably in another 2 -3 hours..

short EU 1.28193.. however short with care as there is a thriple bottom already for EU

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Added on October 23, 2008, 4:25 pmi dont touch UJ.. >< so i wnt know..

This post has been edited by kelvin_tan: Oct 23 2008, 04:25 PM

anyone juz posting up any charts?
@kelvin
Next time try post some charts better. Coz when you say triple bottom, I dunno Is it what I see is same wif What you see.

hehe yea i should get the habit of posting up charts.. but sadly my knowledge on charting patterns could be better.. triple bottom would be on 1.27322 on the hourly chart..


Notice the yellow line.. thriple bottom?

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Added on October 23, 2008, 6:42 pmcurrently on short EU.. holding about -10 pips.. wanna c it go lower.. to the 100% fibo..

This post has been edited by kelvin_tan: Oct 23 2008, 06:42 PM


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short...

This post has been edited by normeck: Oct 23 2008, 06:52 PM


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@normeck
u reloaded ur account already? or back to demo ? anyway what indicator in ur chart is showing to short? i dun really understand ur chart

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Added on October 23, 2008, 6:59 pmSL set to +1 on EU.. been an unpleasant 2 hours+ holding -10 pips or so on EU T_T

This post has been edited by kelvin_tan: Oct 23 2008, 06:59 PM

My EU. Posibility of ranging? Bear tired gonna take a rest? But for sure I wont take bull now yet.

Thanks guys for posting charts, at least I wont feel lonely. I very lonely sometime coz small jeff and lowyat82 not here to post some charts.



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GU m15


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haha problem is we're not into charting.. i myself seldom draw charts aside pivots.. only once in a while i spot triangles and double bottoms/tops

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Added on October 23, 2008, 7:21 pmanyway mph since ur not into FA.. i'm not that good in FA either but i would recommend u not to trade tomorrow.. OPEC meeting gonna have huge impact if they cut the right amount of oil production .. so better exit trades early and dont hold until tomorrow

Happy pipping.. i'm probably done for the day

This post has been edited by kelvin_tan: Oct 23 2008, 07:21 PM

OK, got your point. Then i go 1U c movie whole day tomoro

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Added on October 23, 2008, 7:51 pmHOlding one short on GJ now. I wont holding for too long bcoz I too hate the volatililty of GJ nowadays, I cant tahan even one swing of GJ.

Besides, will close my position b4 USD news out.

GJ closed for 70pips. Rest and wait for next opportunity.

Another GJ short closed for 12pips. Not gonna take any more entry.

News is coming.

This post has been edited by mphpopular: Oct 23 2008, 08:26 PM

im practicing SL...i just enter what i see..playing with stop lost... DEMO with stop lost USD 30 still hurts also....

This post has been edited by normeck: Oct 23 2008, 08:46 PM

Normeck, if you still trade GJ now. Juz some recommendation for you..

For the volatility now, GU EU I put 40pips. GJ I put 80pips. EJ I put 60pips. I trade 15m chart.

GJ pips now is like easy come easy go. 100pips in GJ is like piece of cakes now.

OPEC meeting? Can trade oil as well as gold and a few other things with www.ODLsecurites.com.

haha no need worry bout being unable to trade oil la.. can just short USD/CAD =)

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Added on October 23, 2008, 9:07 pmill probably do that tomorrow.. USD/CAD is at a crazy high now..

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Added on October 23, 2008, 9:07 pmanyway wats wrong with the market these few days ar? US session... more like graveyard session... movement so little 1

This post has been edited by kelvin_tan: Oct 23 2008, 09:07 PM

LOL, who say that bro, few day b4, the market dropping non stop. NOw is for bear to rest.

EJ double bottom in 15m
EU get caught in range of 1.2856 1.2733
Besides, this few day I found that EUR is not really very worse. But in fact GBP is worse compared to EUR.

Personal opinion only

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Added on October 23, 2008, 9:12 pmTonight I believe the market wont have big movement. SO I'll try do some top shorting, bottom fishing.

But, if the EJ or EU break either way, it might indicates another run.

This post has been edited by mphpopular: Oct 23 2008, 09:12 PM

lol mph... when i meant these days i meant yesterday and today ><
GBP worst then EU ? heh this is worth checking out... mph.. interested to make some pips? USD/CAD <--- this would be nice for a one time trade... oil go up = sell USD/CAD.. u see USD/CAD rally up how much d because of oil going down.. canada = oil producing nation ^^

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Added on October 23, 2008, 9:55 pmi will continue shorting if EU goes below 1.27322 and close below it.. its being tested so many times and yet unable to get below it.. 4th time test already

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Added on October 23, 2008, 10:36 pmmy... i feel like scalping this market.. its so quiet.. somemore oanda spread 0.9 only for EU .. but i scared later sudden movement = wipe out entire account.. god give me strength T_T

This post has been edited by kelvin_tan: Oct 23 2008, 10:37 PM

try divergence...


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oh yea.. forgot about that.. heh ..

As I meant earlier. EU wont be able to move down more. The bear is really tired out. But EU wont go up as well. Juz will be stuck in this range like few day before. So doing top shorting and bottom fishing will be the best setup to goes. I bought one LONG on EU at 1.2744 and aiming for 1.2917. Later will try short at TOP again.

I believe tomoro news also will take EU break the bottom of the range. BUt I guess it'll bounces back into the range again. Until next monday only will see a trendy move....

Juz an posibility.

GJ 1.4X as my friend said before.... ^^

lol yea.. crazy >< 1200 pips drop