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- Maxout replied Aug 5, 2010
Hi, R:R is risk to reward. trade setup no longer valid. my max stop loss is 100 pips. actual stop loss will have to depend on candle formation
- Maxout replied Aug 5, 2010
I think its going up too. Most euro zone news has been good lately. We had a doji close on daily chart yesterday. Not much significant as its not a new low. H4 A morning star that bounce off 100SMA (Got out at BE+1) got into resistance at 113.80. A ...
- Maxout replied Aug 5, 2010
Trap in the triangle. bad R:R and rate decision coming. Better to sit out now.
- Maxout replied Aug 5, 2010
EJ had been trading in the triangle range for this week. I think its waiting for the rate decision and i'm waiting for the breakout.
- Maxout replied Aug 4, 2010
I decided to close my trade after 3 hrs of inactivity. tomorrow rate decision and friday Non farm employment will show us some clear directions.
- Maxout replied Aug 4, 2010
Im long on the morning star pattern that bounce off 100SMA, 61.8 of last swing and 38.2 the bigger move up.
- Maxout replied Aug 4, 2010
and a possible morning star on 100sma too. lets wait for news. 1min to go.
- Maxout replied Aug 3, 2010
Good Morning Guys, I decided to removed 113.38 resistance/support level as it had been taken out too easily this week. MY bias is still long and i'm looking at 61.8(Last swing up) and 38.2(Last move up) to enter long. Im still flat without a trade ...
- Maxout replied Aug 3, 2010
The doji candle confirms the support @ 113.38. However, it doesn't give us a buy signals. A long candle that close above 114.08 will give us an engulfing and morning star pattern in 4 hr time. H1 and M30 dont look good to me. No trade for me at the ...
- Maxout replied Aug 3, 2010
Ej had break the downtrend line and trading above major resistance point at 113.38. Price action starts to retrace at 76.4%(Last week range) with a evening star pattern. Short trade not taken as the Risks to Rewards are not favourable. Im still flat ...
- Maxout replied Aug 2, 2010
Back above resistance and down trendline. IF this candle close above it, i will change my bias from short to long. 1Hr to go...
- Maxout replied Aug 2, 2010
Im on H4.
- Maxout replied Aug 2, 2010
I'm still on the sideline as there is no valid candlestick pattern to support the short.
- Maxout replied Aug 1, 2010
Good Morning guys, We are back at 113.35 resistance area again. This is also the 50% of last week range and 61.8% of last swing down. A Down line is drawn and it touches this area too. Im waiting to short this with a candle confirmation. However, i ...
- Maxout replied Jul 30, 2010
Good Morning guys, Poor Earnings from US and bad economic data from Japan push EJ lower. EJ fails to scale new high and retreat from 114.21. She broke major resistance turn support @ 113.35 and was trading near the 50SMA and 76.4% of this week ...
- Maxout replied Jul 29, 2010
Entered long base on H1 despite a high wave candle on H4 that just formed. Reason Hammer Bottom Doji that bounce off 100 SMA and 61.8% of this week range. (confirms bottom) Bullish engulf pattern that bounce off 100 SMA. (confirms bottom) Lets see ...
- Maxout replied Jul 29, 2010
I personlly think that stop of around 30pips is too small for EJ. It can be taken out easily.
- Maxout replied Jul 28, 2010
Good Morning traders! EJ had retrace back to 61.8% of this week range and trading inside the support zone. 61.8% is also the resistance turn support zone. Waiting for valid candle formation(Peircing or engulfing) to enter long. For piercing to be ...
- Maxout replied Jul 28, 2010
Where is the retracement? Its grossly oversold on my H4! I'm waiting to enter long at 1.5515 or 1.5470.
- Maxout replied Jul 28, 2010
I'm on BE+1 now. Did a review on my chart, waiting for candle formation to enter long around 113.45 with target @ 119.00