EURUSD

G'morning !

Highest & Lowest Points 4 2day

1.3721 & 1.3531

Have a nice Trading !

It looks like we may have some support here so I've added another 20% to my position. I'll be moving my SL to above BE.

Formation of the right shoulder underway on the 1m TF.

figures on 1 min chart are

Well the patterns are still valid on this time frame but they are less stable than say a hourly chart or even 5 min chart.

I don't know. Are those trade volumes or "tick" volumes like Metatrader?

looks like lower charts will retrace before a push up
i have a long at 1.3600
will add at 1.3580 and 1.3565 if it goes lower

Just closed my positions for a total of about 65 pips. Going to wait and see if we develop a right shoulder/HS pattern...

Edit: Watching to see if 3620 becomes support and if we have a retracement at around 3680.

You will find those levels broken

see

EUR-USD 4 H Chart closed bullish. Also almost hits 50% ret. IMO we should see some retracement before moving higher.

Yeh, u r right

Atlast, regarding the chart you posted showing volume. Who's the data feed from, becuase the volume seems very low? or is the last quoted volume on your chart in multiples of million?

I also use Ninjatrader and have data feed from IB, the volume limit in Ninjatrader is 2147M due to its limitations. I have to change to a 1min timeframe to see volume, all other charts hit limit.

Have recently converted from trading stocks to FX, i see a lot more benefits in FX especially the ability to generate profits at a more consistant and constant timeframe.

Only made a handful of small trades, trying to get a feel of a constant moving market. Very different to trading using end of day data

Cheers

closed my Long +4 pips,

http://1.bp.blogspot.com/_asrwDNGgqB...I/S668/eur.JPG

Based on actual number of trades or bid/ask spread.
Volume indeed cannot be calculated based on the number of contracts traded and the size of those contracts." Volume is calculated based on price ticks. 1 tick is 1 volume. As price changes back and forth, volume adds up. High volume will have lots of such simple tick shifts, while low volume - very little."

hello all freinds .. i trade only one short today 10 pips and close it..
this my pink truck and will see where the train of price will go !!

there is not a good setup for either bulls or bears at the moment. The news release will give us the way. I can see the medium to long term uptrend to be still valid, however we might retrace to lower levels before possibly going up again.

Another possibility to consider... downward sloping HS...

I opened long again @ 3588 because it looks like we found some support.

Went short 3582 SL 3620 TP 3512