EURUSD only

selling 1.1346
SL 8 puppies

Weekly 1.1360 resistance still says NO!

Stay Green

Hey everybody I have a question:
Does anybody know how to set a trailing stop that starts immediately??
What I mean is that if i buy at 1.13 and have my TS at 30 pips (1.127) as soon as it moves in my favor the TS moves as well to -29, -28 etc..
The only TS I know on MT4 begins when you are in positive (eg: 1.13 buy and the 30pip TS only starts at Break Even when the price reaches 1.133)

Thanks

SL moved to BE

Hey Galactico
try this one.
Mauro Trailing...it has quite a few combination possibilities.....one is that you can decide when the trail begins.

EU has been in range for past 48hrs. is this pair preparing for some big move?

I think banks are waiting for Draghi speech tomorrow..

Stay Green

In my opinion, we will visit 1.13, possibly below. I am short at 1.1363, tp 1.13.

Hi Ata
What am I suppose to do at your profile site? In regards with your teaching how to trade... maybe its a dumb qeustion so be patient

thank you

Gerhardt

going to 1.13640
more bad data for usd .

every thing is good

that's just pure randomness bordered by some deviation-based s/r.

All the fundy news over...Summary : weak USD data
Buy @market 1.13442
SL : 1.1342( 10pips) ( if the key resistance 1.13600 have a false break)
TP : 1.13642( 20pips)

Let's go...
Cheers

dolar index 30 min

all u see r moving averages ,nothing but moving averages ,my moving averages

Price is stuck in this structure resistance zone. Price has made a few attempts to break out and the bears drag it back in.

Hi Holypendant,

Eu is ranging as you say and waiting for the next move. Ata has rightfully said that 1.1360 is still holding as a weekly resistance.
For me there are critical areas to watch going from today into friday weekending. I like to look at round numbers not only because they are very simple to use but it saves me from over analyzing a chart and I do believe that they are quite powerful. When I say round numbers I look at levels in 50's and I use Daily and weekly closes above these levels in order to determine the move for the day or the week.

So let's put this into context for our EurUsd pair:
- Eu has been unable to close above 1.1350 on the daily timeframe for the past 48 Hrs or for me I also look at it for the week. We have been unable to close above 1.1350 this whole week.
-The chances are good that if Eu closes above 1.1350 it will more than likely be above Ata's level at 1.1360. In the end we both agree on the same thing.
-If Eu fails to close above 1.1350 today we have one more chance left, and that is friday. If Eu closes above 1.1350 tomorrow it will mean that we have a weekly close above 1.1350 and it will mean that we are quite bullish especially if we have a full bar for the week and the chances are good that we will continue to 1.1400 which is the next round number. If your weekly range is let's say 100 pips the week could most likely continue to 1.1450.

Flip side:

- If Eu fails to close above 1.1350 between today and tomorrow it will mean that we have a weekly close below 1.1350 and even though they might push it up again next week the chances are that they are stop hunting. Again nothing cast in stone. And could likely bring it down to 1.1300 and if the weekly range is 100 pips for example they could drop it to 1.1250.

Anyway just some insights over the years and I hope it can help someone.

Cheers.

Closed +15p.
While aside ...

Price is currently +4 pips from yesterdays opening price

i expected price to turn north just about where we are now....
but as wavegarrick already pointed out, price is not scaling important R's

so a pending short @ 1.1344
SL 8 pips