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- betteridea replied Feb 23, 2012
Yes I think you might be right! I have my alert trigger set so that once price dips below 1.3240, the alert will alarm me when the last 1H high bar is taken out - I will decide if I want to long at that time so my entry price is still flexible but ...
- betteridea replied Feb 23, 2012
I use the 1H trendline channels to follow the flow of price - it helps you to identify trending / hinting of trend ending / hint of sideways etc. - very simple and basic but took me a while to see things this way. You can use this 1H timeframe price ...
- betteridea replied Feb 23, 2012
EUR out of range finally! — My last EUR short I exited near bottom of triangle for a 0.27R win. Today's Plan: Long Entry: 1.3320 area SL: 1.3264 PT: 1.3418 RR: 1.7 SL to BE @ price 1.3270
- betteridea replied Feb 21, 2012
Adjusting my short from 1.3256 according to current price action: Move SL to 1.3280. I think I am getting a bit greedy (hopeful) with my last two trades and not taking profit according to current market price action. Well no more trade what I see ...
- betteridea replied Feb 21, 2012
My EUR Short Plan just got triggered: Entry 1.3256 SL @ 1.3329 PT @ 1.3140 RR: 1.6 SL to BE on price @ 1.3215 Go shorts go!
- betteridea replied Feb 21, 2012
Woke up and price same as before news release @ 1.32! Looking for a short around 1.3250 - need to see an hourly rejection before jumping in. Plan: Entry: 1.3235 SL: 1.3297 PT: 1.3140 RR: 1.5
- betteridea replied Feb 20, 2012
EUR is kicking my butt! — Woke up this morning and EUR took out my stop just above 1.3236 after moving it from 1.3293 - small 0.4R loss. EUR is finally showing signs of losing up momentum. Sometimes I wish not to listen to news and just buy ...
- betteridea replied Feb 19, 2012
But you must realize that each trader is different and part of one's learning curve is finding something that suits oneself. Don't see the point saying my style is the best and you all suck.
- betteridea replied Feb 19, 2012
EUR Short — Waited a few hours for price to settled Short Entry 1.3212 SL: 1.3293 TP: 1.3090 RR: 1.5 A bit more careful with this short: SL to 1.3241 @ Price 1.3185 SL to BE @ Price 1.3160 GL to shorts!
- betteridea replied Feb 19, 2012
Wow blasts through 1.32 pretty easy. Let's see what it does around 1.325 area. Shorts are getter riskier but entry around 1.325 area and SL above 1.3330 is possible .....
- betteridea replied Feb 18, 2012
Yes my SL @ 1.3269 was taken last week - I liked the price action after the top formation and re-entered a new short @ 1.3264. But my issue is not really my SL placement as I put it far enough from entry - the real issue I am still working on is ...
- betteridea replied Feb 18, 2012
EUR plan — No trade for me on Friday. 1.32 will be a big challenge and if price wiggles itself up there again I will go short with SL @ 1.3279 and TP @ 1.3090 For a long ideal @ 1.3050 to 1.3080 with SL @ 1.2960 and TP @ 1.3195 - I would ...
- betteridea replied Feb 17, 2012
So you are looking for a rejection of 1.3120 at 2am EST close? Which market close at 2am? I think Japan is 1am ..... Thanks.
- betteridea replied Feb 16, 2012
url Same feeling that things are pointing up so max TP for a short is around 1.3050.
- betteridea replied Feb 16, 2012
I think cammomile is trying to tell you that price is feeling like it is ready to turn to the upside, the gut feeling of someone with thousands of hours of chart experience. Price taking out 1.297 then blasting higher would be odd - especially after ...
- betteridea replied Feb 16, 2012
Still Planning EUR Short ..... — Entry 1.3150 area .... SL 1.3230 area .... Target 1.3055 area .... RR 1.2 1.297 may be the bottom of the current corrective down move or the pullback of the previous daily up trend swing from 1.26 Price may ...
- betteridea replied Feb 15, 2012
mercy, I am thinking about using a similiar scaling in entry strategy. I think you scale in at one level - then double in the next - then triple in the next which completes your desired position size. I notice I am early a lot but most of the time ...
- betteridea replied Feb 15, 2012
More like roller coaster .... I like simple - I just took a 1R full loss I was too confident and used a tight stop just 1 support level away .... oh well .... next opportunity.
- betteridea replied Feb 15, 2012
You think EUR is channeling downward because of Moody negative outlook on UK??? They may not downgrade for 6 months or more .... The downward wide channel movement is from the uncertainty of ...... GREECE bailout! But I thought everyone knew ...
- betteridea replied Feb 15, 2012
Long EUR — Cleaned up my chart - it was getting messy before Plan: Entry: 1.3060 SL: 1.3012 TP: 1.3130 RR: 1.5 SL to BE @ 1.3095 GL to longs!