DislikedTrade 8: Sold @1.4306 closed @1.4301 for +5 pips
Prices were 3 pips shy from our sell @1.4327
Will sell higher @1.4318 targeting 15-25 pipsIgnored
Trade 10: Sold @1.4321
targeting 15-25 pips
Script/EA to balance losing trades agianst winning trades 23 replies
Daily Trades = Lazy Trades Journal 7 replies
Reading The Stupid Dogs' Mind 12 replies
DislikedDear Hani,
What is your view about this 1.4345? Do you think that it will fall OR it will be broken?
Well, I am already in the sell side.
Thanks,Ignored
DislikedPivot level for today is @1.4305, maybe the highest ever.
Between today and Monday, USD will have to determine where it will be going.
I would advise to use tight stops. Market may be very choppy, with a 150 pips move (most ptobably down unless 1.4355 is broken)
EU is now testing the highs and will continue for an hour or two. In the low eventuality it breaks 1.3455, it will have the opportunity to go 150 pips higher and I will swithc to a mementary 'buy mode in the dips down to 1.4300.
Until then, I will only sell with big R:R
Short term trades:
Selling @1.4340-45 targeting 1.4310 with SL 1.4365 ratio 1:2 good enough.
Selling the bounce back of the 1.4300 break targeting 1.4280, 1.4250, 1.4230 and 1.4190
Mid term trades:
Selling @1.4340-45 targeting 1.4150, 1.4090
These trade are no longer valid if 1.4355 is broken. New setups will emerge
Long term trades:
Selling @1.4340-45 targeting 1.3965
Here watch the action and sell break of 1.3960 targting 1.3600-700
This setup will still be valid with 1.4355 break, even if then another good entry can be found to sell then to close this one. S.L. @1.4590Ignored
DislikedWarning!
We have an important break of 1.4355 bullish level.
The up Short term and mid term scenarios are not valid anymore and you should be out of your trades if any.
We'll have plenty of other opportunities to trade.
Stay out of EU market for now. It's a choppy market.
Safe trading,
HaniIgnored
DislikedThe bulls have managed to break 1.4355, but the move is not convicting anybody.
Prices will need to retrace so the up move may continue to reach 1.4500
No trades for the moment.
Retracement may go down to 1.4260 where it would be supported by a trend line, or down to 1.4200 second support. These levels should be removed before envisaging a bigger retracement for now.
So I switch to 'Buy mode' with tight stop and tight targets. May do some sells for 10-15 pips targets. (All previous sells have reached these targets)
So buy dip (70% of trades) and sell some rallies (30%)
1.4305-10 is the first buy for 10-15 pips
1.4250-60 second buy level for 15-20 pips
1.4200-10 third buy level half take profit @1.4240, the rest to run targeting 1.4300, 1.4345 with SL @ BE+1
For the sell, possible at a bounce back from 1.4300 break targeting 1.4260
Remember keep tight stop (15-20 pips) if you insist on trading today.
Safe trading,
HaniIgnored
DislikedAn illustration of Resistance and support levels for EU as I see them in the short term.
Prices are stuck between 1.4345 recent break and 1.4380 up of the channel.
1.4345 break will accelerate down move to 1.4330 where some support my hold down move for a little.
A break takes to the pivot level where prices could bounce for 15-20 pips. A break takes down to the down of the channel where prices can go up to retest 1.4300
Break down may take to a firm support of 1.4200-10 a good buying level for now as per previous modified plan.
Safe trading,
Hani
AttachmentIgnored
DislikedTrade 3: Sold 25 lots @1.4373 closed 1.4370 for +3 pips x 25 lots = +75 pips
Reason:
1- Price bounces on 1.4370-75 level with near resistance level
2- Prices too high, nobody is buying!
Reason close: Very high leverage. Take profit should be quick. Prices not ready to go down yet.
Trade 4: Sold 25 lots @1.4371 closed 1.4361 for +10 x 25 = +250 pips
Reason:
1- Price bounces on 1.4370-75 level with near resistance level
2- Prices too high, nobody is buying!
Reason close: Very high leverage. Take profit should be quick.
I may sell again if resistance is tested again.
Prices will go down soon in violent way if 1.4380 is not broken
Keep tight SLIgnored
DislikedTrade 5: Sold 25 lots @1.4374 closed 1.4360 for +14 x 25 = +350 pips
Reason:
1- Price bounces on 1.4370-75 level with near resistance level
2- Prices too high, still nobody is buying!
Reason close: Very high leverage. Take profit should be quick.Ignored
DislikedTrade 7: Sold 25 lots @1.4386 closed 1.4391 for -5 x 25 = -125 pips
Reason:
1- Price bounces upper chanel resistance level
2- Sold only 25 lots
Reason close: Stop loss too tight. Prices went down after to 1.4380
Will sell again @1.4390 with bigger stop loss. Uper Chanel is @1.4393 Should have put my stop over and would had not lost this trade, target the bottom of the chanel around 1.4355Ignored
DislikedEU seems to be progressing inside a triple up channel, weekly, daily and H4. That makes it very bullish until it reaches one of the upper borders, which is nearly the case now around 1.4390-1.4415.
Here we can expect some profit taking that may take the EU down to the down of the channel in preparation of a new breakout.
The EU is on its way to 1.4500, but maybe not in one shot, as resistance is strong and bulls needs some retreat to charge again.
The new YTD high will be tested again, rejected first then tested and a break up a test of the new support then up to 1.45
Below is a possible scenario if EU manages to stay bullish as it is at these moments.
AttachmentIgnored
Dislikedawesome results...........considering your very big gains.....i suppose you have wide TP and SL........?Ignored
Disliked
i've great respect for your opinion so am i wrong if i'm long eur/chf @1.6750 ?
i'm trying out this pair using Jacko's method and i saw eur/chf seems to be moving up again after the correction......
hope i'm right.......Ignored