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EURUSD

  • #290,301
  • Sep 8, 2010 4:16pm Sep 8, 2010 4:16pm
Quoting Mr Hatch
hi guys. so far, everything worked as i thought it would. even the 15min-tl was respected... (chart1)

on the 4h-tf, the big wedge is divided in approx. half by mofu-zone and eu is nicely aligning with it. (chart2)

Are you Bull or Bear...

When are you planning to enter and where....
PPP - Patience Pays PIPS
  • #290,302
  • Sep 8, 2010 4:17pm Sep 8, 2010 4:17pm
Quoting rustyram
This is what i learned so far...

First when open your charts, you look in daily to determine the overall trend
Then you look in to 240 min , to find out , what is the trend for that particular day.

Once you have determined that, then you trade lower timeframes, 60 min or 15 min etc....
Good idea... and what do you see on daily and h4?
@pawpaw1000 on Twitter
  • #290,303
  • Sep 8, 2010 4:24pm Sep 8, 2010 4:24pm
Quoting Mr Hatch
hi guys. so far, everything worked as i thought it would. even the 15min-tl was respected... (chart1)

on the 4h-tf, the big wedge is divided in approx. half by mofu-zone and eu is nicely aligning with it. (chart2)
adding a short if we get to 2756 and 2762.. still gotta get above the 274xx to do it
we have yet to kiss 2645.. that is rare not to.
those who can, do. those who cant, talk about those who can
  • #290,304
  • Sep 8, 2010 4:25pm Sep 8, 2010 4:25pm
Well.. out from my long at 2722.. even i still think that it can go up to 2737 but dont want to let it run.. According to me it still have a chance to go upto 2747.. But i dont think so that it breaks 2764..my opinion is bearish for tomorrow but i will wait for the good entry.. See you then guys..Wish you all the best in your trades and everything..take care
  • #290,305
  • Sep 8, 2010 4:33pm Sep 8, 2010 4:33pm
Quoting gatorinla
adding a short if we get to 2756 and 2762.. still gotta get above the 274xx to do it
we have yet to kiss 2645.. that is rare not to.
thanks for the hint, i will watch closely.
i did add all day long along the trendlines i have. just tiny, tiny positions, but they add up.

we also have to show respect to 2790, don't we? better now than crawling up later...

@rustyram: i am biased, which i clearly shouldn't be. i am euro-bearish. i cannot tell you where i place my trades, because many entrances are situational... based on trendlines, momentum, rsi and a lot of gator's "crap".

btw: who let dil out?
  • #290,306
  • Edited 4:55pm Sep 8, 2010 4:45pm | Edited 4:55pm
Quoting Mr Hatch
thanks for the hint, i will watch closely.
i did add all day long along the trendlines i have. just tiny, tiny positions, but they add up.

we also have to show respect to 2790, don't we? better now than crawling up later...

@rustyram: i am biased, which i clearly shouldn't be. i am euro-bearish. i cannot tell you where i place my trades, because many entrances are situational... based on trendlines, momentum, rsi and a lot of gator's "crap".

btw: who let dil out?
if we look strong above we will probably go to 2809 if respect is given to 2778.. yes small adding add up so if your not precise.. it covers a wide range..

got a little bear wedge that may pop soon on the 5
those who can, do. those who cant, talk about those who can
  • #290,307
  • Edited 5:19pm Sep 8, 2010 4:53pm | Edited 5:19pm
I try to trade the range 1.2660 - 1.29 and wait for a breakout under 1.2580 or above 1.294.

Absolutely worthless currency and my motivation to trade EURUSD isn't great any longer, so stay at the sideline the most of the time and wait for better likelihoods, ...even better seems to be USDCHF, AUDUSD, GBPJPY or other ones.
  • #290,308
  • Sep 8, 2010 4:57pm Sep 8, 2010 4:57pm
Quoting gatorinla
if we look strong above we will probably go to 2809 if respect is given to 2778.. yes small adding add up so if your not precise.. it covers a wide range..
2761
2750
and later 2747

i am trading positions between 10ct-1$/pip, actually depending on my own confidence in analysis. when things get too hot, i get out of positions, before they turn red, which often is too early... but i'm still practicing patience.

the break i took did me extremely well, and the relocation actually too a lot of stress from my mind.
  • #290,309
  • Sep 8, 2010 5:03pm Sep 8, 2010 5:03pm
Quoting Mr Hatch
2761
2750
and later 2747

i am trading positions between 10ct-1$/pip, actually depending on my own confidence in analysis. when things get too hot, i get out of positions, before they turn red, which often is too early... but i'm still practicing patience.

the break i took did me extremely well, and the relocation actually too a lot of stress from my mind.
5m bear wedge may pop soon
those who can, do. those who cant, talk about those who can
  • #290,310
  • Sep 8, 2010 5:05pm Sep 8, 2010 5:05pm
Quoting Forexcube
I try to trade the range 1.2660 - 1.29 and wait for a breakout under 1.2580 or above 1.294.
it s a good idea to trde the range so you sell the high and buy the low of the range till it breaks
  • #290,311
  • Sep 8, 2010 5:13pm Sep 8, 2010 5:13pm
Quoting gatorinla
5m bear wedge may pop soon
movement stopped dead...
  • #290,312
  • Sep 8, 2010 5:21pm Sep 8, 2010 5:21pm
Show start moving in a hour or two
  • #290,313
  • Sep 8, 2010 5:25pm Sep 8, 2010 5:25pm
Quoting pawpaw1000
Good idea... and what do you see on daily and h4?

Daily is in uptrend - retracement mode

240 is in Uptrend ( this will void, when EUR takes out 1.2625 which was made on 8/31)

240 formed a morning start at the trendline, which is bullish.

So turn to lower time frame and look for bullish signal at the Trendline support of Fib support..

This is my entry point

Long at 1.2695 with Stop Loss @ 1.2670 , Limit Later...
PPP - Patience Pays PIPS
  • #290,314
  • Sep 8, 2010 5:34pm Sep 8, 2010 5:34pm
Quoting rustyram
This is what i learned so far...

First when open your charts, you look in daily to determine the overall trend
Then you look in to 240 min , to find out , what is the trend for that particular day.

Once you have determined that, then you trade lower timeframes, 60 min or 15 min etc....
I do this:

1. Daily chart. To determine the current trend, trend lines, fib, etc
2. H1 chart. To spot trading opportunities using MA (100 and 200), TL, etc.
3. M5 chart. also, to spot trading opportunities, TL, etc.
  • #290,315
  • Sep 8, 2010 5:53pm Sep 8, 2010 5:53pm
Quoting juandiegov
I do this:

1. Daily chart. To determine the current trend, trend lines, fib, etc
2. H1 chart. To spot trading opportunities using MA (100 and 200), TL, etc.
3. M5 chart. also, to spot trading opportunities, TL, etc.

As long as you trade in the direction of the daily trend on a 5 min it is fine.

If the daily is UP.
If your entry on a 5 Min is bullish , it is good...

The problem with 5 min and as well as 60 min is the support and resistance are not true...meaning sometimes on a 60 min uptrend, it will retrace and take out a previous low,and it will continue to rally after that and take out a previous high too.

i hope i am not confusing...
PPP - Patience Pays PIPS
  • #290,316
  • Sep 8, 2010 6:10pm Sep 8, 2010 6:10pm
Quoting rustyram
As long as you trade in the direction of the daily trend on a 5 min it is fine.

If the daily is UP.
If your entry on a 5 Min is bullish , it is good...

The problem with 5 min and as well as 60 min is the support and resistance are not true...meaning sometimes on a 60 min uptrend, it will retrace and take out a previous low,and it will continue to rally after that and take out a previous high too.

i hope i am not confusing...
You're right... that's why i work with the 100 and 200 MA using the borderlines strategy that i learned in FXDD.

Those lines help me take advantage of the price move and work my way step by step or (line by line) either up or down.
  • #290,317
  • Sep 8, 2010 6:17pm Sep 8, 2010 6:17pm
Quoting rustyram
Daily is in uptrend - retracement mode

240 is in Uptrend ( this will void, when EUR takes out 1.2625 which was made on 8/31)

240 formed a morning start at the trendline, which is bullish.

So turn to lower time frame and look for bullish signal at the Trendline support of Fib support..

This is my entry point

Long at 1.2695 with Stop Loss @ 1.2670 , Limit Later...
your sloss is very close it might come down take your s loss goes up again .
  • #290,318
  • Sep 8, 2010 6:20pm Sep 8, 2010 6:20pm
Quoting gatorinla
if we look strong above we will probably go to 2809 if respect is given to 2778.. yes small adding add up so if your not precise.. it covers a wide range..

got a little bear wedge that may pop soon on the 5
edit/typo 2809=28967 .. this has developed on bull side. so be on your toes. to see if its ping pong or what...
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #290,319
  • Sep 8, 2010 6:26pm Sep 8, 2010 6:26pm
Long @ 1.2725 TP: 1.2775 SL: 1.2690

Good Luck.
  • #290,320
  • Sep 8, 2010 6:27pm Sep 8, 2010 6:27pm
Quoting gatorinla
edit/typo 2809=28967 .. this has developed on bull side. so be on your toes. to see if its ping pong or what...
Hey Gator good analys. Stop Loss ?
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