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- zones replied Mar 31, 2008
Depending upon this bar closure, there might be a short trade setup.
Trading with the Edge.
- zones replied Mar 31, 2008
Taking advantage of being in the Asian time zone. i have gone long at 1.5788. SL 1.5774
Trading with the Edge.
- zones replied Mar 28, 2008
The market is in a tightish range. No real direction, lots of sharp sudden moves. I will call it a day now. Its been a good week for me. My patience for a good setup is increasing by the day. Although overall my account is still in negative ...
Trading with the Edge.
- zones replied Mar 27, 2008
I think old age is catching up on me. I keep on either posting the wrong chart or hitting the submit key without uploading the chart.
Trading with the Edge.
- zones replied Mar 27, 2008
Entry invalidated by the bar closing above the UML of the red fork. That closure does not suggest weakness. So no trade.
Trading with the Edge.
- zones replied Mar 27, 2008
I think price is storing energy after few days of strong up moves. I might be interested in shorting it gain ig it meets my criteria.
Trading with the Edge.
- zones replied Mar 27, 2008
So much for buying....sold 1.5811 stop at 25 and hoping for the LML of the blue fork. Edit: With news release in just over 30 minutes, i am now working a stoploss at +3 at 08 if not stopped out i will close it 15 mins before the news release. Sl ...
Trading with the Edge.
- zones replied Mar 27, 2008
Today i was determined to work on my short bias. At every move i drew and redrew an upsloping fork. I got a reasonably nice trade this morning for 30 pips. It might not be much but it was obtained with a risk of only 10 pips.Ofcourse i did miss an ...
Trading with the Edge.
- zones replied Mar 27, 2008
I closed the above trade because we might test the highs before we go down...if we go down at all.
Trading with the Edge.
- zones replied Mar 27, 2008
Sold for a quick scalp at 1.5812. SL was only 10 pips. I am hoping to ride it to 38% retracement of yesterdays high/low at around 1.5756. Sl now breakeven. Edit: Profit taken at 82.. +30
Trading with the Edge.
- zones replied Mar 27, 2008
Price has failed to reach the median line. Lets see if we get a valid sell signal. Alternatively it might pause here a bit and then go higher.
Trading with the Edge.
- zones replied Mar 26, 2008
Another good opportunity missed by my long averse eyes. On a more positive note i have learnt something new today. I was also disiplined enough not to take a trade for the sake of trading. No money lost so all in all a good day.
Trading with the Edge.
- zones replied Mar 26, 2008
No sign of weakness in this pair. Nice clean move all the way to the reaction line.
Trading with the Edge.
- zones replied Mar 26, 2008
Hey David, I also think 1.5810ish is a possible reversal area. I am waiting for the market to confirm it and hopefully i can get a nice sell signal.
EURUSD
- zones replied Mar 26, 2008
I have been on the sidelines so far today. Although, we have had an incredible bullish move over the past few days. There might be a sell signal coming either later today or tomorrow. Ofcourse i shall wait for confirmation of it. In the ...
Trading with the Edge.
- zones replied Mar 26, 2008
Gosh, what a move! As it was a move generated by news release i did not trade it.
Trading with the Edge.
- zones replied Mar 25, 2008
Sorry I forgot to attach the chart. I had drawn these lines over the weekend. I am still amazed at their accuracy.
Trading with the Edge.