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Trading EURUSD only 43,756 replies

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  • #59,381
  • Nov 12, 2018 10:36am Nov 12, 2018 10:36am
Quoting engweijie
{quote} Am looking to close a third of my position at 1.1241 (give or take a few pips) see how it reacts, then another third at 1.123x just for the reason that it would be 100 pips clocked today. Then let the rest run.. Maybe even scalp a buy from 1.123x. Best of luck, your entry area could possibly be support turned new resistance.
excellent job. 1230 is also my area of interest if the price gets there.
As Above, So Below
  • #59,382
  • Nov 12, 2018 10:39am Nov 12, 2018 10:39am
Quoting tashkent
{quote} excellent job. 1230 is also my area of interest if the price gets there.
Remaining two-thirds was stopped out minutes ago at 1.1250. I shifted my sell limit (and halved the initial position size) to 1.1255. Let's see if it touches. I'm a little unwilling to sell so close to 1.124x.

All the best for your running trade!
You hesitate, you masturbate.
  • #59,383
  • Nov 12, 2018 10:43am Nov 12, 2018 10:43am
Quoting engweijie
{quote} Remaining two-thirds was stopped out minutes ago at 1.1250. I shifted my sell limit (and halved the initial position size) to 1.1255. Let's see if it touches. I'm a little unwilling to sell so close to 1.124x. All the best for your running trade!
buying here is not the best decision but selling is also becoming risky. i will wait for another opportunity depending on pa.
As Above, So Below
  • #59,384
  • Nov 12, 2018 10:44am Nov 12, 2018 10:44am
I just closed my shorts at 1.1250 for a 110 pip gain.

Seeing way too many folks here jumping into shorts... makes me uncomfortable.
check out my blog: forexmademillionaire dot com
  • #59,385
  • Nov 12, 2018 10:47am Nov 12, 2018 10:47am
Quoting engweijie
{quote} Remaining two-thirds was stopped out minutes ago at 1.1250. I shifted my sell limit (and halved the initial position size) to 1.1255. Let's see if it touches. I'm a little unwilling to sell so close to 1.124x. All the best for your running trade!
Be careful... So far a successful test at 1.1240. There is a possibility of a bounce here to 1.1300/1.1310 area.
Observation is the path to discovery.
  • #59,386
  • Nov 12, 2018 10:52am Nov 12, 2018 10:52am
Quoting tashkent
{quote} buying here is not the best decision but selling is also becoming risky. i will wait for another opportunity depending on pa.
Quoting Alorente
{quote} Be careful... So far a successful test at 1.1240. There is a possibility of a bounce here to 1.1300/1.1310 area.
Duly noted with thanks. Activity for the day should fizzle out soon so if the sell limit (onlt valid till end of day) is triggered and goes awry I should be able to get out with minimal damage.

Once again, best wishes to you and your running trades! Thanks for the insight!
You hesitate, you masturbate.
  • #59,387
  • Nov 12, 2018 10:59am Nov 12, 2018 10:59am
Here is why I closed my short at 1.1246
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  • #59,388
  • Nov 12, 2018 11:00am Nov 12, 2018 11:00am
This is actually offering a pretty decent risk/reward for longs here.

The 1-hour bullish divergence makes this easy: a stop below the local lows, say 1.1235 and a target of 1.1300 for a test of previous support gives you something like 2.75:1

I dig it.

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check out my blog: forexmademillionaire dot com
  • #59,389
  • Nov 12, 2018 11:04am Nov 12, 2018 11:04am
Quoting Geppy
This is actually offering a pretty decent risk/reward for longs here. The 1-hour bullish divergence makes this easy: a stop below the local lows, say 1.1235 and a target of 1.1300 for a test of previous support gives you something like 2.75:1 I dig it. {image}
I would not buy here even with a divergence. It is much safer to let the bounce exhaust itself and sell again.
Observation is the path to discovery.
  • #59,390
  • Nov 12, 2018 11:05am Nov 12, 2018 11:05am
Who's got the link to magnetic target indicator here?
  • #59,391
  • Nov 12, 2018 11:09am Nov 12, 2018 11:09am
Quoting Alorente
{quote} I would not buy here even with a divergence. It is much safer to let the bounce exhaust itself and sell again.
I have to buy. We essentially made a double bottom while printing bullish resistance. The risk/reward is fantastic. I don't allow myself to pick and choose trades because I think it might not be exhausted yet. The signal is there, gotta take it.
check out my blog: forexmademillionaire dot com
  • #59,392
  • Nov 12, 2018 11:10am Nov 12, 2018 11:10am
Quoting raju0189
"Maybe next low tomorrow. 1.12396 for Monday DONE" Sorry if am i wrong

Market takes its very seriously
  • #59,393
  • Nov 12, 2018 11:13am Nov 12, 2018 11:13am
EURUSD counts the last section.
I usually ignore it.
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  • #59,394
  • Nov 12, 2018 11:17am Nov 12, 2018 11:17am
Tagged its normal tgt it likes ,, let see what is around the other end of it ,, a stab trying to get above those weekly lows ,,if achieved, whats next ,, weekly open at 1330 ,, which is roughly where the ole m30 200 will be coming in at by days end or so ,, then some weekly highs and yep there it is ,,weekly R1 and a shoulder level ,,go figure ,, probably a smaller range day tomorrow ,,, deciding what to do with this new quarterly low but would think a 1330 ish on the horizon ,, above that then the 1450 ish level which on your friendly hourly charts is the W R1 and some weekly high areas ,,stuck between the new low and 1330 for a few days I reckon ,, sty green traders ,,cheers .
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  • #59,395
  • Nov 12, 2018 11:29am Nov 12, 2018 11:29am
Quoting engweijie
{quote} Remaining two-thirds was stopped out minutes ago at 1.1250. I shifted my sell limit (and halved the initial position size) to 1.1255. Let's see if it touches. I'm a little unwilling to sell so close to 1.124x. All the best for your running trade!
Sell limit triggered. SL at 1.12535 (+2 pips) given the sentiment that a bounce up is due after the rejection of 1.1240.

Free running trade. See where it heads.
You hesitate, you masturbate.
  • #59,396
  • Nov 12, 2018 11:34am Nov 12, 2018 11:34am
Quoting engweijie
{quote} Sell limit triggered. SL at 1.12535 (+2 pips) given the sentiment that a bounce up is due after the rejection of 1.1240. Free running trade. See where it heads.
you are a ruthless scalper. i will short at breakout.
As Above, So Below
  • #59,397
  • Nov 12, 2018 11:41am Nov 12, 2018 11:41am
Quoting tashkent
{quote} you are a ruthless scalper. i will short at breakout.
Just shifted SL down to lock in +5. We're approaching 1.1240 again, maybe third time's the charm? If not then I close and call it a day.
You hesitate, you masturbate.
  • #59,398
  • Nov 12, 2018 11:46am Nov 12, 2018 11:46am
Quoting engweijie
{quote} Just shifted SL down to lock in +5. We're approaching 1.1240 again, maybe third time's the charm? If not then I close and call it a day.
maybe, looks like a higher probability but i just have absolutely no idea what may happen next, so i am currently flat but will short at breakout if occurs. at least will shoot the sitting ducks.
As Above, So Below
  • #59,399
  • Nov 12, 2018 12:02pm Nov 12, 2018 12:02pm
Hi.
May i know why some of you buy..is it because double bottom?

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  • #59,400
  • Nov 12, 2018 12:07pm Nov 12, 2018 12:07pm
Tired of this trade. Was lucky that I didn't get knocked off. Think I will take my +21pips and walk. Volatility is too low now.
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