EURUSD

Just broke towards 2700 and I'm in the wrong way. Didn't think it would pass the retest. Gotta love being a newbie at this. By the way.. Gator... I look at your charts and get a headache....

out for a few green ones and back in at R1 (2684)... already scaled at +10 and locked in green. ((watch out for the double tap))

this may be one of those nites...

I hate this part, I always end up with stranded trades how can I combat that , only with SL?

aud is kicking some euro ass.. i am up almost 500 since sunday.

Short @ 1.2675 SL:1.2750 TP:1.2370

Bearish Divergence

just hit TP on my AU trade. closed @8715 from 8450. i'll look to long again today @ daily R1..

chart for trade taken simple support and resistance with pivots and BRN's really
went long on the bounce off monthly pivot point



also, stopped out on my GU trade for -23 pips..i'll short again if we get below the daily pivot point

Does this look like retracement to 23.6 at approx 1.26500. Not doing anything till this even number is tested for some time.

I do not know correct me if I am wrong. I posted the one above about 5 hours ago and it is still testing in this zone

Better entries ((I use pivots)) and the PA during asia session is not like the other sessions... learn it.

nice!

thanks so much man. nice catching a couple hundred pips in the midst of this stuff. more great opportunities to come soon though. i want some 1000 pip plus trades this year

edit: gotta go run and grab some pepsi from the sto brb

Ok thanks for your advice

G'day folks!

Ok so you trade in several ways (time frames).
I normally look at the daily then 1H for trend trading...
But I only use SL, no profit line... compared to most traders in here

H3iken Ashi, used to use pivots... that's why I asked

I can see clearly now... LOL


I'm glad things are going my way. Well, I'm going to sleep until the european session. I won't miss it for nothing...

does anyone know how the strategy to accumulate position on the way up?

for example my trade is in 1.261. I plan to add 1/2 original positions every 50 pips in my favour, however what do I do with the original position, do I move the SL 50 pips as well?

Or should I treat the additional position as a separate trade from the original trade.

Seems to be ready #1697

G'day sir!

and right on Larseg I do trade more than one "method". yes, but I just call it "my method". pivots are most reliable in my book. i have a couple ma's that I use along with hulls for trending.

I also went long on u/j on the break of that daily pin bar...it's not in perfect perfect A+ "space" but it's off of the BRN 88.00 and it's a great pin in my book. I've been looking to long this pair for like a month now

Can't remember Asian sessions like this last year.

Anyway, shorting AudCHF and EurUSD. Not touching EJ. Looks like it can go another 80 pips.

Thanks mate. But "sir" is my grandpa who is still kicking God Bless him at 88 years old. I'm Jay

I agree with Larseg. Never used a T/P. If you're not trading against the trend and the pips are good, a S/L set up at the right place is all that's needed.

I get looking at D1 and H1 but why not H4 as well?

2010-07-08 - 23h15 _ EUR-USD


Rejection from central pivotal zone 1.2619 was pretty sharp. First thrust to the upside hit 1.2663 within 15 minutes only. Pullback from there was limited to 1.2636 area. And again it shot up from there - and even crossed a bit first daily resistance zone - which is sitting around 1.2683.

According to 001 min. NetDania ChartStation charts highest volume has been reached when it started to move up from 1.2619 (at 01h55 CET).

Within a few minutes only - our first intraday target 1.2683 - 1.2690 has been hit. This was valid - as long as 1.2619 will offer firm support. After all that - a secondary pullback towards 1.2619 is still possible.

The 24-hours retracement zone is to be found in 1.2633 - 1.2596 zone.

Elliott still points up - from 1.2480 towards 1.2692 and 1.2725 on a daily basis. But there are some initial signs - that the trend might run out of steam soon. After all this rise potential might weaken - for a reversal later - as long as 1.2715 - 1.2729 / 1.2737 (daily and weekly resistance zones) limits may prevent from further cross beyond.

Last significant resistance is to be seen in 1.2785 limit. If crossed beyond that point - then forget the downside...

If 1.2690 - 1.2715 might be capped today - then we could see a deeper retracement towards 1.2596 - 1.2572 later then. Any break of below 1.2543 and 1.2503 would open a downward path.


das war's erst mal - palim palim