EURUSD

This action has to have frustrated more than just me

Happy pips!

Some international (european) people I communicate with on a stock messageboard are all long the dollar too. Good luck with that!

would be 3311 which happens to be daily s1 on my mt4 platform

Thanks.

[quote=Ferick;2464287]Hi everyone,

I am new to the form but not to trading.



Welcome
Please feel free to share. Looking at your post I assume you trade fundies. I can use all the opinions I can get. many pips to you.

Thanks man.

Last look before I call it a night. Been at it since Euro session started. Have the week off, figured I would put in some quality time at the computer.

everyone, and good pipping to you.

Hello everyone. I'm a teenager. Been trading for about 2 years. Been reading these forums for several months (learned a lot), and finally my first post. I had a question about one of the trades I made and whether it was a legit analysis or I just got lucky (I hate making trades without definite support and evidence).

On the 4h, I have two identical trendlines drawn. It originated from December's move down south and its retest, and so I thought it would have similar effects on this recent move. I went long when it bounced off the trendline, then shorted when it met resistance at recent high (M5), forming the double top. I held the short for a bit since the trendline was broken.

If this was a legit analysis, what would you call what I saw (referring to trendlines)?

where is every one?

You simply bought at a known support line and closed the position at a known resistance. Very basic, straightforward trade. Good job!

I'm here and you?
Trying to come out with a blue eye from a long that I took on 1M and forgot to setup SL while getting a glas of Merriot.

now.....just keep it that simple and you are good to go.

i wish i could wait 3 days like i used to for the perfect trade to come to me instead of me chasing them

I do not as a rule post trades, but because of the last day or two I feel it is important to demonstrate What I Call a trade post. First I took the short because price was bouncing off of support /resistance 2ND the possible break of 1.3307 and 1.329 could mean 1.3206 ????? May work or may not, but the point here is that if you are going to post a trade prove it. Even if your wrong tell us why you did it.

I came off as a jerk didn't I

This is an on the fly 4hr chart as I'm doing some housecleaning on my accucharts before getting back into the thick of things. Sorry about the "ugly" but it's all that's up right now.

IF (Repeat "IF") price breaks the 3300 barrier (red circle) then I'm looking for a run down to the 4h level in green. Entry for that trade will be up a'rd the current 15m gann hi'lo at 3340-50ish or just above as there is a jungle of 15m MA's up a'rd 3370-80ish. I'm currently thinking 2 limit sell entries at those levels to make sure I get in on one of them.

My stops will be generous but YOUR stops would need to be in proportion to your order size as i'm thinking there could be some drawdown if not outright SL hits.

Reason for this trade this way is I'm going to be out for awhile and not watching it, something I very rarely do. The other scenario ((besides getting stopped out)) is that it will do what I think, but not hit my entry in which case... oh well.

ADDED: The green line between the -38 and 62% fibs is a long term TL from way back on the daily an-weekly charts. it's more of a zone than precise line...

yes i for one am extremely offended!!

Im kidding, just for the record

Price broke 1.3319 and then found support at that price so I closed my trade.

quote=cobraforex;2464477]I'm here and you?
Trying to come out with a blue eye from a long that I took on 1M and forgot to setup SL while getting a glas of Merriot.[/quote]

well, after last night disagreemnt btwin III and the rest of the world, i was afraid this thread was dunned... good to hear from you Cobra. by the way i love your system, still learning to work it out but so far so good. be bless

Things like that happen and I hope that the thread comes back soon to what it was before.

It's just great to interchange opinions and trading experiences.

I hope the "Old Farts" will come back soon as well.

And thanks for the kind words, be the pips with you