EUR/USD Trades - the man in the mirror

I will be looking for the following over the next day or 2:

I want to see the price go back up to possibly test 1.3650 or around there in the next 8 to 12 hours. From there I want to see the price go down over the next day or 2 to start testing 1.3350.

I have looked at the charts and I am testing my own ability to make a prediction based on what I see. I could be totally wrong, but I need to publish this call for my own personal study...

I will follow with interest to see how it pans out. If I am wrong, you can all have a field day. If I am on the right track, I can get some profits... Let's see.

I have now bought @ 1.3568 - I have to execute if I want to follow the prediction I made to myself. I believe the price is now cheap enough for the possible journey up over the next couple of hours as the first leg of my plan.

Chart attached.... let's go or fold

I have placed a mental stop at 1.3535-1.3530

Decided to take the 20 pips on offer since entry. Will wait to see when price turns and will then sell...

Ok. Price went up to 1.3618 as part of the 1st leg prediction. Not quite the 1.3650 area, but a good 50 pips from where I bought at 1.3568. I only took 20 of these.

I might be a bit early still, but I believe I will now start to look for the move lower as part of the second part to start making it's way down to the 1.33XX area.

Will see how it goes...

Sold at 1.3565
Mental stop @ 1.3630
TP - will see how price behaves

Good day to you all,

I ignored my mental stop @ 1.3630 today as I felt I was on the right track. Price went up to 1.3640 before turning around. I kept my position open up until now, but the move down has been slow - I dislike this. I have decided to close in profit and rather wait a bit.

The "long term" trade does not fit we that well - I enjoy smaller, quicker trades. I will post the last 3 trades taken since the previous statement posted a few back.

As I am posting, I see there has been some further movement down. Always works like this....well, it does give me joy to see that I am on the right track with the way I read the charts last night as per my previous posts.

See soon

Posting the updated statement - so far so good. Will see if there are other opportunities presenting themselves.

See soon

Good day to you,

Sold now @ 1.3568
Mental stop @ 1.3618
TP - see how price behaves

I believe that the recent move back up is a retracement before we will go down a bit. I am wanting to gain from this. Therefor the entry. Will see how it plays out.

See soon

Above sell was closed at 1.3535. Took 30 pips. Market seems uncertain as to which direction it wants to go... Or rather - I am uncertain.

I believe we will again see test of the 1.348X level within the next 2 to 3 hrs, but price will first retrace slightly - maybe to 1.3550-1.3560 before heading there.

Let's see how it goes - I will not be trading this plan - will just observe.

Within minutes of posting the previous post - price dropped to the level predicted...

The following levels will be important to watch:

1.3450
1.3413
1.3500

See chart.

Entered Buy @ 1.3403 - risky - but it seems to be holding for now. Trading a retrace from the last move down
Mental stop @ 1.3480
TP - will grab what I can get - if any

Hmmm..decision time. In my opinion, price hates support and resistance. Price will briefly touch these levels and bounce back. If it hangs around the area, it normally wants to go through.... and it did. Now at my mental stop. What do I do? Give her 10 more pips or so - then bail out.

So - I am wrong here at this point. I am gracefully accepting the defeat. Finished for the day.

See Monday

I am still waiting since monday!

HeHe,

Just popped into my old journal and saw your post. Very sharp...

I think I will again start posting here, as a journal only to record my trades. Yes - me finks it's a good idea. Will keep me focussed and out of trouble.

Regards

Goo day to you,

Hope you are all doing well.

Had been away for the last 2 days - very little time spent looking at the charts. I placed some buy limits before I left, and they were all triggered. So I am in long....

Looking at possible pattern formations, we currently have a potential bullish ABCD pattern formation on the 4hr chart. Using Elliot wave theory, the possible wave indication, should the ABCD pattern play out - will have us heading back to a minimum 1.5760 and max 1.6030 -

My BE number for my open positions, is at 1.5469.

We also have a nesting of the 4hr cycle on a Daily cycle bottom forming - this may take some time and could move lower still, but a good reversal possible in the near future.

It will be interesting to see if I got this right and gain some pips with this attempt during next week

Wish you all a good weekendhttp://cdn.forexfactory.com/images/s...m/thumbsup.gif

Regards



http://cdn.forexfactory.com/attachme...1&d=1266605504 http://cdn.forexfactory.com/attachme...1&d=1266605504

Good day to you,

Leaving longs as is. Daily chart with IB (also possible hidden pin( very little value)) - may go to the upside tomorrow. Will see. Will update in about 8 hrs. Currently up + 170

Have a good evening

Regards