E/G uptrend. Euro sky is the limit.
As I indicated earlier U/J is the pair to watch, bombing in lower TFs.
As I indicated earlier U/J is the pair to watch, bombing in lower TFs.
EurAnalysis Kindergarten 24 replies
DislikedCould I get some input about EUR/GBP?
Looks as though GBP/USD has broken a 4-Year Symmetrical Triangle to the downside so we should be seeing a down trend for the coming weeks / months. So with that in mind we now look at the EUR/GBP chart and notice that a weekly descending TL has been broken and confirmed. However, price is still testing an area of resistance for the past 4 weeks or so.
Once resistance is broken does anybody else see significant upside with EUR/GBP? This obviously goes hand in hand with the recent break of the 4-year symmetrical...Ignored
DislikedIgnored
DislikedHey guys,,,,
Isn't my plan is too optimistic for today and tomorrow?
Any comments?
Are we gonna break resistance line?
Any bulls in this room?
AttachmentIgnored
DislikedHeh...
First part of the plan executed ...
Then.... pssss... no steam
OUT on BEIgnored
DislikedMany times when trying to catch a "bigger move", like 150-250 pips market does make some stupid dance...
I am doing much better grabbing 3 times by 50-70 pips and go,,,
At least it does not hurt so much like giving back profits...
The saying let the profit run is shite :/
Any advise PT?Ignored
DislikedI always take partial profit on any trade after I grab the first leg. That way if it goes back to zero and stops at BE, at least I get something out of it. How much I take, depends on my ultimate target in relation to where I am at the time. However, usually on the first leg, I take at least 50%. Lately I have been taking 60% because the market has been quite choppy.Ignored
DislikedHello all,
Euro very iffy and dodgy, but still short imho.
Here's my updated view on the 4-hour chart:
http://www.forexfactory.com/attachme...1&d=1361380460
The 1.3530 area of resistance and short selling never traded (too big of a front-run), but program trading participation has evidently pushed price lower. The 1.3540 area of setup has targets in the 1.3270 area (1st target) and the 1.3130 area...Ignored
DislikedWell, I do this, or my "EA software" does, and it works pretty well, but I mean how can you keep position open to get 400-500 pips?
Market does not go straight line on higher time frames and many times it dance around making many false signals.
I don't want to have my SL like 200pips, or... I have to play with much smaller positions, which does not make sense to me...Ignored
DislikedOn a break and hold below 1.3270 support, if that same 3270/80 area tests well as strong resistance, that will confirm a large H/S formation with a measured target in the 1.2850/1.2900 areaIgnored
DislikedThanks pip, so traditional TA (which I don't follow) is putting wind on our back as they say...
nice! ThanksIgnored