Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedEUR-USD held 1.4100 area and got a push higher. The volume in overnight trading is low. Should pick up when European/London markets open.
Attached is a 4 HOUR chart of EUR-USD. The next resistance level is at 1.4246 and then Tuesday's High 1.4338.
IF 1.4100 area is broken to the down side, sellers will enter the market moving it to 1.4050 area and lower.Ignored
Since you are in, I would appreciate some hint on how to find better odds in a situation like this, that is, when 1H is ranging and Daily shows two equal bars parallel to each other. This is an honest question in order to learn from you.Ignored
DislikedI don't pursue the role of a teacher, even more when I assume that i'm a learner throughout my life, but I can tell you my approach right now, this isn't permanent method, I use several methods depending on volatility, news days, vacation days... so right now what i'm doing in EURUSD is...
.1 - Not trading asian sessions..
.2 - Catching an entry around 7-9am GMT
How I define odds? If i believe trend is up, i'll look for a significant retrace from a previous move (support level) that coincides with other historic support/resistance levels, psych...Ignored
DislikedSpsantos, Thanks a lot. I got the main idea. Thanks for writing more than your usual one liners to help me.Ignored
DislikedNo problem chicky, i'm sorry if sometimes I sound harsh, but that's not my intent nor nature. I do like to take some time to learn the most that I can, so i'm usually more into learning and absorving information...
It's very difficult to me to share because my "system" is highly selective, it isn't has a usuall system should be... (like very well explained in this historic post from Merlin: http://www.forexfactory.com/showthread.php?t=4446 ) Basicly what i do is identify the fundamental position were in, and use the system I find...Ignored