DislikedIn VIDEO I showed to Buy EUR/USD near 1.4050, just for small 80 - 120 pips Intraday.
Now move Stops to ENTRYIgnored
http://www.moscowforexlive.com/video/julius0908.wmv
{Promotion Removed}
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedIn VIDEO I showed to Buy EUR/USD near 1.4050, just for small 80 - 120 pips Intraday.
Now move Stops to ENTRYIgnored
DislikedBut today was excelent, this has been so far the best trading day in my small history, at first the expected gap, later bouncing back from R3 filling the gap, than bearish flag on S1 and another jump to S2 than finally breaking S3 and moving 61.8 from daily low and now getting down again.
I'm anly afraid of sushi.
I think a lot of traders may close the month if they want and enjoy the pips.Ignored
DislikedI've found it helpful to make a distinction between "consolidation" after a large move in price, and price moving in a genuine "range." I also look at price moving in a "trend" that may or may not contain retracements of some degree.
If I determine price is in consolidation, I stay out of any new trades, and will take a good portion off an open trade and let the rest run if I think price will continue on. Otherwise I take profit and remove the tendency to get biased by the direction I "hope" it goes, and get into a mess.
Altho boring, genuine range trading can be very profitable if you don't go nuts first, but calls for a different strategy.
If it's in a genuine trend, then life is good, and all is well. Trading is as close to no-brainer as it''ll ever get.
Right now, I would argue that price is in consolidation after a good fall, it's between sessions or just about to begin one and it's too soon to say what the evening holds. So, no trades for me beyond my open shorts that are +100 pips in profit with some already banked, and the rest locked into profit. Set 'em and forget 'em.
I say this not to criticize but offer a way to look at price action that helps to keep some of the noobs out of trades they ought not to be in anyway.
Consolidation = no trades. Too soon to have eastablished any true range that has established S/R levels, and where I think we are right now
Ranging = Price action moving consistently between S/R levels for some length of time, and ideally not at or close to an extreme low or high level.Ignored
DislikedI've found it helpful to make a distinction between "consolidation" after a large move in price, and price moving in a genuine "range." I also look at price moving in a "trend" that may or may not contain retracements of some degree.
If I determine price is in consolidation, I stay out of any new trades, and will take a good portion off an open trade and let the rest run if I think price will continue on. Otherwise I take profit and remove the tendency to get biased by the direction I "hope" it goes, and get into a mess.
Altho boring, genuine range trading can be very profitable if you don't go nuts first, but calls for a different strategy.
If it's in a genuine trend, then life is good, and all is well. Trading is as close to no-brainer as it''ll ever get.
Right now, I would argue that price is in consolidation after a good fall, it's between sessions or just about to begin one and it's too soon to say what the evening holds. So, no trades for me beyond my open shorts that are +100 pips in profit with some already banked, and the rest locked into profit. Set 'em and forget 'em.
I say this not to criticize but offer a way to look at price action that helps to keep some of the noobs out of trades they ought not to be in anyway.
Consolidation = no trades. Too soon to have eastablished any true range that has established S/R levels, and where I think we are right now
Ranging = Price action moving consistently between S/R levels for some length of time, and ideally not at or close to an extreme low or high level.Ignored
DislikedDon't you think that this pair is just trying to make a momentum for a big drop to 1.38 area? (161.8 Fib expansion)
The way it moves, it's a possibility.
Slow upward move then a fast downward move, been like this for a month now.
I'll wait for good point of entry to go short.
With this kind of move, 61.8, 100, 161.8 Fib expansion is usually respected most of the time.Ignored
DislikedDon't you think that this pair is just trying to make a momentum for a big drop to 1.38 area? (161.8 Fib expansion)
The way it moves, it's a possibility.
Slow upward move then a fast downward move, been like this for a month now.
I'll wait for good point of entry to go short.
With this kind of move, 61.8, 100, 161.8 Fib expansion is usually respected most of the time.Ignored
DislikedSlow upward move then a fast downward move, been like this for a month now.Ignored