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EURUSD

  • #125,061
  • Jul 24, 2009 7:14am Jul 24, 2009 7:14am
i closed my position... its friday.. no stress day..

anyway i am green for the week happy
  • #125,062
  • Jul 24, 2009 7:17am Jul 24, 2009 7:17am

I hope that the trend will turn around soon ....

  • #125,063
  • Jul 24, 2009 7:18am Jul 24, 2009 7:18am
Quoting trading801
i closed my position... its friday.. no stress day..

anyway i am green for the week happy
WTG
Getting it right is NOT as important as not getting it wrong.
  • #125,064
  • Jul 24, 2009 7:22am Jul 24, 2009 7:22am
Quoting Domas4
Short from 1.4246. Let's see how far this baby goes
Closed @ 1.4216

Edit: 30 pips in 10 minutes. Nice Friday.
cut losses short, let profits run.
  • #125,065
  • Jul 24, 2009 7:23am Jul 24, 2009 7:23am
Quoting traderuros

I hope that the trend will turn around soon ....

are u short eur?
  • #125,066
  • Jul 24, 2009 7:24am Jul 24, 2009 7:24am
Quoting traderuros

I hope that the trend will turn around soon ....

I think this was the reversal with that doji on the 1h chart, so we going heading towards hourly support. May want to get out I don't what your time frames are, GL though.
  • #125,067
  • Jul 24, 2009 7:24am Jul 24, 2009 7:24am
Quoting trading801
i closed my position... its friday.. no stress day..

anyway i am green for the week happy
good stuff man...I also am green for the week

I seemed to have missed my limit sell order trigger at 4259 but ohh well...
  • #125,068
  • Jul 24, 2009 7:25am Jul 24, 2009 7:25am
Quoting traderuros

I hope that the trend will turn around soon ....

What trend? Still wait for some breakout to the south towards 1.39...
  • #125,069
  • Jul 24, 2009 7:26am Jul 24, 2009 7:26am
Quoting ashlee_17
are u short eur?
no I was long... it just take me -20pip...
  • #125,070
  • Jul 24, 2009 7:26am Jul 24, 2009 7:26am
Quoting Domas4
Closed @ 1.4216

Edit: 30 pips in 10 minutes. Nice Friday.
Nice I got in at 38, considering a quick profit too!
  • #125,071
  • Jul 24, 2009 7:28am Jul 24, 2009 7:28am
in 1h charter is very nice short... ??
  • #125,072
  • Jul 24, 2009 7:31am Jul 24, 2009 7:31am
wow, look at it go, lol
  • #125,073
  • Jul 24, 2009 7:34am Jul 24, 2009 7:34am
Quoting ashlee_17
I don't understand why are you selling on an uptrend
He said he was using pivots to trade.

If he's trading off them he sold at R1.

Sure... right now the trend is up and counter trend trading is risky but...

Some thoughts...

Very fragile bull.
.4300 is options barrier and we saw massive sell off yesterday near that level
Most likely scalping.
80% of the time you will see a 10-20 PIP pull back off any pivot level.
It's Friday... do the big dogs really want to risk buying at a top.

Either way... the trend is only one factor when deciding to pull the trigger.

m
  • #125,074
  • Jul 24, 2009 7:42am Jul 24, 2009 7:42am
Very true, and that's exactly what I was thinking. I do have a time element thing that I look at as well and it too was doing what I expected, so that plus the pivot point gave me confidnece that it would move down--although I didn't know how far down--I expect that it will go somewhere closer to the central daily pivot.

I missed this trade though because I was looking for a better risk to reward ratio. (I didn't sell exactly at R1 because I was stupid basically)..I should have and have decided to alter my system so that I'm selling very close to the pivot point. I wanted it slightly higher for risk to reward purposes and because I expected a breach and then bounce off the R1 pivot.

Anyway, as mentioned above, I'll be looking to sell closer to the pivot point instead of being greedy and hoping that it breaches by a certain amount without closing above the pivot on the 1hr time frame.

Quoting acumen
He said he was using pivots to trade.

If he's trading off them he sold at R1.

Sure... right now the trend is up and counter trend trading is risky but...

Some thoughts...

Very fragile bull.
.4300 is options barrier and we saw massive sell off yesterday near that level
Most likely scalping.
80% of the time you will see a 10-20 PIP pull back off any pivot level.
It's Friday... do the big dogs really want to risk buying at a top.

Either way... the trend is only one factor when deciding to pull the trigger.

m
  • #125,075
  • Jul 24, 2009 7:47am Jul 24, 2009 7:47am
Quoting Xaron
What trend? Still wait for some breakout to the south towards 1.39...
are you shorting? when do you think it will reach 1.39 and then rebound to 1.43?
  • #125,076
  • Jul 24, 2009 7:50am Jul 24, 2009 7:50am
Reached the median level... And watch the RSI, Momentum and Stochastic... Watch out for the second wave...
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  • #125,077
  • Jul 24, 2009 7:57am Jul 24, 2009 7:57am
interesting pattern on 1h .......
  • #125,078
  • Jul 24, 2009 7:58am Jul 24, 2009 7:58am
how safe is it to buy at this level?
  • #125,079
  • Jul 24, 2009 7:59am Jul 24, 2009 7:59am
Quoting vanyxster
interesting pattern on 1h .......
How so the Doji?
  • #125,080
  • Jul 24, 2009 8:00am Jul 24, 2009 8:00am
Quoting altrader
Very true, and that's exactly what I was thinking. I do have a time element thing that I look at as well and it too was doing what I expected, so that plus the pivot point gave me confidnece that it would move down--although I didn't know how far down--I expect that it will go somewhere closer to the central daily pivot.

I missed this trade though because I was looking for a better risk to reward ratio. (I didn't sell exactly at R1 because I was stupid basically)..I should have and have decided to alter my system so that I'm selling very close...
well, you're doing the right thing... I usually put my sell limit before it touched R1... As the result, I lost a bunch when it breaks and didn't cover my profit... I think I should follow your patience
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