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EURUSD

  • #125,501
  • Jul 27, 2009 8:49am Jul 27, 2009 8:49am
Quoting altrader
I'm currently short using my method.

entry=4283
stop loss=4324
take profit=4237

I may have to adjust the take profit depending on how price moves if it goes in my desired direction.

If I get stopped out then I get stopped out.

edit: I changed the stoploss because I always feel a little edgy when near an 00 level. And if we breach an 00 level then it usually will go up a few pips.
I've just taken profit now at +34pips. I was thinking of waiting longer and I still think it will hit the 4237 t/p level but I didn't want to hang around for the 'new home sales' news, so I figured I'd get out now
  • #125,502
  • Jul 27, 2009 8:54am Jul 27, 2009 8:54am
Quoting altrader
I've just taken profit now at +34pips. I was thinking of waiting longer and I still think it will hit the 4237 t/p level but I didn't want to hang around for the 'new home sales' news, so I figured I'd get out now
yes ,its also my concern
  • #125,503
  • Jul 27, 2009 8:58am Jul 27, 2009 8:58am
Just sit to trade during news time .
possibly short first .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #125,504
  • Jul 27, 2009 8:58am Jul 27, 2009 8:58am
I went short before news with trailing stop of 5 pips, should it spike down, I will catch it.
Attached Image (click to enlarge)
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  • #125,505
  • Jul 27, 2009 9:02am Jul 27, 2009 9:02am
Quoting orangeRANGE
Carefull now...it could be another false breakout...stochastic in my chart doesn't seems really2 supportive to this scenario right now....price might swing down again...
It is a false breakout so far...
  • #125,506
  • Jul 27, 2009 9:03am Jul 27, 2009 9:03am
New Home Sales released positive now for USD, so euro and pound will fall like a rock now!
ROBOT FOREX
  • #125,507
  • Jul 27, 2009 9:04am Jul 27, 2009 9:04am
Quoting Forbes55
New Home Sales released positive now for USD, so euro and pound will fall like a rock now!
noob?
  • #125,508
  • Jul 27, 2009 9:05am Jul 27, 2009 9:05am
Quoting forexlion
I went short before news with trailing stop of 5 pips, should it spike down, I will catch it.
Did you change your strategy to a scalping method recently? I thought that you used to trade more longer term type strategies?
  • #125,509
  • Jul 27, 2009 9:05am Jul 27, 2009 9:05am
Quoting Forbes55
New Home Sales released positive now for USD, so euro and pound will fall like a rock now!
isn`t this news good for stock and BAD for USD?
  • #125,510
  • Jul 27, 2009 9:06am Jul 27, 2009 9:06am
Quoting Log4n
noob?
you noob and I expert
ROBOT FOREX
  • #125,511
  • Jul 27, 2009 9:07am Jul 27, 2009 9:07am
Quoting Forbes55
New Home Sales released positive now for USD, so euro and pound will fall like a rock now!
Typically anything that points to a stabilizing of the US economy, and therefore eventually the world economy, weakens the US dollar because flight to safety is less neccessary. Thats why Euro spiked but lets see what US traders do with it..
  • #125,512
  • Jul 27, 2009 9:09am Jul 27, 2009 9:09am
Quoting Log4n
noob?
sorry, i thought i have seen you asking for a lot of people with 'noob?' question since last week... i don't think it's nice...
  • #125,513
  • Jul 27, 2009 9:10am Jul 27, 2009 9:10am
Quoting stevefx
Typically anything that points to a stabilizing of the US economy, and therefore eventually the world economy, weakens the US dollar because flight to safety is less neccessary. Thats why Euro spiked but lets see what US traders do with it..
good.
  • #125,514
  • Jul 27, 2009 9:11am Jul 27, 2009 9:11am
Quoting agak_gila
sorry, i thought i have seen you asking for a lot of people with 'noob?' question since last week... i don't think it's nice...
JAJAHAHAAHAHHAHA.
  • #125,515
  • Jul 27, 2009 9:11am Jul 27, 2009 9:11am
Quoting altrader
Did you change your strategy to a scalping method recently? I thought that you used to trade more longer term type strategies?
yes

i am down to scalping now

this range move is too much for me
  • #125,516
  • Edited 9:14am Jul 27, 2009 9:12am | Edited 9:14am
Quoting Log4n
good.
wait for the 61.8 fibonacci.
  • #125,517
  • Jul 27, 2009 9:13am Jul 27, 2009 9:13am
Quoting Forbes55
New Home Sales released positive now for USD, so euro and pound will fall like a rock now!


so far you are right
  • #125,518
  • Jul 27, 2009 9:15am Jul 27, 2009 9:15am
Quoting Log4n
wait for the 61.8 fibonacci.
For what?

Where's your 61.8 fibo?
  • #125,519
  • Jul 27, 2009 9:15am Jul 27, 2009 9:15am
Quoting forexlion
yes

i am down to scalping now

this range move is too much for me
If your method works on lower timeframes you will be profitable, just remember to use tight stops when scalping and take what you can when markets offer it to you.
  • #125,520
  • Jul 27, 2009 9:17am Jul 27, 2009 9:17am
Quoting hellkkas
For what?

Where's your 61.8 fibo?
for a long entry.
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