DanUK Simple EUR/USD Trading Journal 2009 | Page 37 | Forex Factory

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DanUK Simple EUR/USD Trading Journal 2009

  • #721
  • Oct 27, 2009 9:05am Oct 27, 2009 9:05am
sweet.
falling towards our 50% fibo now.
  • #722
  • Oct 27, 2009 10:17am Oct 27, 2009 10:17am
I am itching to get back into a long EUR/USD trade. Does anyone think it will get down to the 1.4700 level for a long entry or should I get in now?
Attached Image (click to enlarge)
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  • #723
  • Oct 27, 2009 10:44am Oct 27, 2009 10:44am
Hold onto your horses, wait and see if it stalls at the levels you are looking at first before jumping into a trade, personally I would wait until 1.4750 before considering a trade, there's still room for it to move down yet, and I think the bears will be pushing for a little more.
  • #724
  • Oct 27, 2009 10:46am Oct 27, 2009 10:46am
agree. now is approaching midnight here so i will be waking up for the asian session and see how.
  • #725
  • Oct 27, 2009 10:49am Oct 27, 2009 10:49am
There is a tiny retrace taking place at the moment, probably reach 1.4850 (or not much more) before resuming its move down to the 1.4750/00 level.
Attached Image (click to enlarge)
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  • #726
  • Oct 27, 2009 10:58am Oct 27, 2009 10:58am
To clarify why I think 1.4850 would be as much as this retrace could handle.

Zooming in (1 hr) on the small retrace taking place at the moment shows a probable move to the 50% 1.4850 (what I call a safety barrier), if it even reaches there, if so, then I would think it would push away at this point and head back down for 1.4750.
Attached Image (click to enlarge)
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  • #727
  • Oct 28, 2009 12:02am Oct 28, 2009 12:02am
Is DanUK still around? He hasn't posted for a while.

Looks like the EURUSD won't move much until this Thurs/Fri when the big news comes out.
  • #728
  • Oct 28, 2009 6:55am Oct 28, 2009 6:55am
E/U has just bounced off 1.4750, reaching 1.4756 before retracing.

Lots of LHs

Monitoring approach to 1.4700 to go long.

ST
" Dont wait for your boat to come in ..... swim out and meet it"
  • #729
  • Oct 28, 2009 3:19pm Oct 28, 2009 3:19pm
am seriously wondering if we should move to the dailies due to the unpredictability in recent months.

Quoting speedtrip
E/U has just bounced off 1.4750, reaching 1.4756 before retracing.

Lots of LHs

Monitoring approach to 1.4700 to go long.

ST
  • #730
  • Oct 28, 2009 3:40pm Oct 28, 2009 3:40pm
really?

Quoting coolshades
am seriously wondering if we should move to the dailies due to the unpredictability in recent months.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #731
  • Oct 28, 2009 5:02pm Oct 28, 2009 5:02pm
u shd trade the time frames that suit you best. i think whoever went long on eurusd at 1.475 is probably chewing his/her nails now

Quoting speedtrip
really?
  • #732
  • Oct 28, 2009 5:27pm Oct 28, 2009 5:27pm
Well i must admit to monitoring app to 1.47 on lower t/fs and am currently in @ 1.47 on a limit order.

Quoting coolshades
u shd trade the time frames that suit you best. i think whoever went long on eurusd at 1.475 is probably chewing his/her nails now
" Dont wait for your boat to come in ..... swim out and meet it"
  • #733
  • Oct 28, 2009 7:39pm Oct 28, 2009 7:39pm
There is still the possibility that 1.4700 could still hold and price won't close below it, should it fail then my next area of interest would be 1.4600 (76.4% retrace) and a trendline created from two recent lower points.

I won't be trading long until I see a definite sign that price is moving up. It's all about patience now.
Attached Image (click to enlarge)
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  • #734
  • Oct 28, 2009 8:47pm Oct 28, 2009 8:47pm
Quoting ahks
Is DanUK still around? He hasn't posted for a while.

Looks like the EURUSD won't move much until this Thurs/Fri when the big news comes out.
I believe Dan is having some time off, he has recently had a baby, I could be wrong, it might have been his wife, I'm sure he'll be back when he has settled down and refreshed, baby, rest yeah sure, lol.
  • #735
  • Oct 29, 2009 7:50am Oct 29, 2009 7:50am
Graphic representation as discussed.
Attached Image (click to enlarge)
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  • #736
  • Oct 29, 2009 7:54am Oct 29, 2009 7:54am
Seems like the EUR/USD is headed up for 1.4850. possibly will hit that number during the US session?

I am in long
1.4722 @ 0456GMT
SL 1.4650
TP 1.4850
  • #737
  • Oct 29, 2009 8:02am Oct 29, 2009 8:02am
1.4700 held so I placed an order to buy at 1.4750, currently approaching +50 (1.4800) pip mark, looking to get to break even at 1.4850.
  • #738
  • Oct 29, 2009 12:06pm Oct 29, 2009 12:06pm
i was in at 469 so am at b/e now, am also in on gbpusd from 1.64 and have locked 100 pips there.

Quoting Xj8
1.4700 held so I placed an order to buy at 1.4750, currently approaching +50 (1.4800) pip mark, looking to get to break even at 1.4850.
  • #739
  • Oct 29, 2009 5:00pm Oct 29, 2009 5:00pm
Quoting coolshades
i was in at 469 so am at b/e now, am also in on gbpusd from 1.64 and have locked 100 pips there.
I'm at break even now (1.4850), well done for getting in early, I thought about it at the level you entered, but I played the safer game and made sure price was going my way.

I accidently got into the GU earlier and came out straight away (I thought I was in the EU), looking at it now, I wish I'd just left it, another good trade for you though.
  • #740
  • Oct 30, 2009 10:21am Oct 30, 2009 10:21am
Entered the Euro at 1.4750 after it stumbled along the 1.4700 for a while, moved nicely to 1.4850+ allowing me to get to break even, price turned around shortly after and stopped me out at break even. With hindsight, looking at the battle that took place at 1.4850 without a single candle (4h) closing above it and it was very nearly a 50% retrace from that short move down, plus historical data showed this to have been previous support, signs were really saying, we're heading back down, ignore it at your pearl. However, it's a learning experience and it didn't cost me a penny.
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