Those who say it cannot be done should not interrupt those who are doing it
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
EU will go down further. Euo zone debt is weighing for too heavy on equities and stocks. Nothing is getting done to resolve the debt crisis.
Thank you for your comments.
Please take some time to read the first two posts on this thread to give you an idea of what I am trying to accomplish.
We are in fact very bearish on the Euro. However, we are waiting for a retrace to the falling channel resistance around the 1.3690 / 1.3700 area to open another short position.
Peace
Those who say it cannot be done should not interrupt those who are doing it
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Once again price was aggressively rejected at the 1.3550 level.
This is the third time since Friday morning so it doesn't look like we are going to get to the 1.3690 area to load up on an additional short position this NY morning.
Perhaps if panic selling in NY calms down a bit, we may make another run at it but for now we stand aside and let the market do its thing.
Peace
Update: US New Home Sales at 10am EST Expecting 296k. If it comes in significantly higher, it may give us another shot at the target.
Update: US New Home Sales came in at 295k as expected. So down we go. As we stand now, I have 370 pips of profit on my current short positions.
This is the third time since Friday morning so it doesn't look like we are going to get to the 1.3690 area to load up on an additional short position this NY morning.
Perhaps if panic selling in NY calms down a bit, we may make another run at it but for now we stand aside and let the market do its thing.
Peace
Update: US New Home Sales at 10am EST Expecting 296k. If it comes in significantly higher, it may give us another shot at the target.
Update: US New Home Sales came in at 295k as expected. So down we go. As we stand now, I have 370 pips of profit on my current short positions.
Those who say it cannot be done should not interrupt those who are doing it
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
Hi, PipTrapper and everyone else on this thread.
I mainly trade the EUR/USD pair and have been looking for a place to write some setups i trade and get feedback on that, so I'll guess I'll start contribute.
I try to trade the H1 chart as this is what is possible with my work situation. I use naked (almost) charts. Just and S/R and trendlines. I look for 30-60 pips a day and when I got that I quit trading for the day. I look for candle setups and different patterns.
Here is my 4H chart.
And here is a link to a setup I traded today.
http://www.forexfactory.com/showthre...20#post4988120
I mainly trade the EUR/USD pair and have been looking for a place to write some setups i trade and get feedback on that, so I'll guess I'll start contribute.
I try to trade the H1 chart as this is what is possible with my work situation. I use naked (almost) charts. Just and S/R and trendlines. I look for 30-60 pips a day and when I got that I quit trading for the day. I look for candle setups and different patterns.
Here is my 4H chart.
And here is a link to a setup I traded today.
http://www.forexfactory.com/showthre...20#post4988120
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
...I mainly trade the EUR/USD pair and have been looking for a place to write some setups i trade and get feedback on that, so I'll guess I'll start contribute.
I try to trade the H1 chart as this is what is possible with my work situation. I use naked (almost) charts. Just and S/R and trendlines. I look for 30-60 pips a day and when I got that I quit trading for the day. I look for candle setups and different patterns.
My personal trading style is more long term than intraday. I trade mostly on H4 and above. However, as far as patterns are concerned, they are pretty well the same in all time frames. The difference for me is that with higher time frames, I can look at the bigger picture rather than the micro moves in the M1 & M5 chart or the intraday moves in the M15 to H1. Nowadays especially, there is a lot of noise which my trading style pretty well filters out.
I do use the smaller time frames to pick better entries and exits. I do that using price action. My favorite are pin bar/hammer reversals and inside candle breakouts with trend line. s/r and fib confluence in the direction of my general sentiment. I mostly position build. Currently I have 2 short positions. A large one at 1.3783 and a small one at 1.3495. The one at 1.3495 is only there in case we have a further break to the downside without having an opportunity to load another large short position in my target zone of 1.3680
I and everyone else who posts here will be more than happy to give you some feedback on your setups and we also look forward to your contributions. Perhaps we will be able to help you make better entries in the smaller TFs.
Cheers
Those who say it cannot be done should not interrupt those who are doing it
Thanks for having me . I just can't stand the noise over at EUR/USD thread and I need all the feedback I can get.
. I just can't stand the noise over at EUR/USD thread and I need all the feedback I can get. Hi Swede and thanks for posting here. If you read the first two posts of this thread, you will get a very good idea of what we are doing here.
My personal trading style is more long term than intraday. I trade mostly on H4 and above. However, as far as patterns are concerned, they are pretty well the same in all time frames. The difference for me is that with higher time frames, I can look at the bigger picture rather than the micro moves in the M1 & M5 chart or the intraday moves in the M15 to H1. Nowadays especially, there is a lot of noise which...
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Thanks for having me
Much nicer here
Those who say it cannot be done should not interrupt those who are doing it
Don't listen to them. At 40 years old, wife and 3 kids, daytime job, etc you need to learn to pay attention to things and people that matter. Just keep a tight leash when they show up cause they will...
At EURUSD, the culture is all about chest beating and tomcat spraying. Those who offer you help are sometimes feeding you misinformation to purposely screw you up and laugh about it afterwards. It's like a pack of wild dogs all fighting over who will be the alpha male and who will be the bitch.
Much nicer here
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
HardPike, LeeRees, Walb99 and Pbh.
Welcome to EurAnalysis. It is great to have you here.
I just got home from my nice evening out and thought I would check in before heading to bed.
While I am at it, I figured I would say hello and say welcome to the 4 of you from me and on behalf of all the others already subscribed here.
Please take the time to read the first two posts of this thread so that you can familiarize yourselves with the purpose of this thread and my current mission.
I am looking forward to seeing some posts from you in the coming days.
Peace
Welcome to EurAnalysis. It is great to have you here.
I just got home from my nice evening out and thought I would check in before heading to bed.
While I am at it, I figured I would say hello and say welcome to the 4 of you from me and on behalf of all the others already subscribed here.
Please take the time to read the first two posts of this thread so that you can familiarize yourselves with the purpose of this thread and my current mission.
I am looking forward to seeing some posts from you in the coming days.
Peace
Those who say it cannot be done should not interrupt those who are doing it
