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EURUSD

  • #309,361
  • Oct 19, 2010 4:21am Oct 19, 2010 4:21am
Quoting amasat
am still long should i book it
i am long too, i tend to keep it.
  • #309,362
  • Oct 19, 2010 4:23am Oct 19, 2010 4:23am
Quoting T@rantula
i am long too, i tend to keep it.
If it turns out a bull day it will be same as yesterday they did fail test yesterday could this be a trap for bulls?
making green pips large and red pips small this is my goal.
  • #309,363
  • Oct 19, 2010 4:24am Oct 19, 2010 4:24am
Quoting T@rantula
i am long too, i tend to keep it.
took it on M1
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  • #309,364
  • Oct 19, 2010 4:27am Oct 19, 2010 4:27am
First Trade after a week off........ Lets see how it goes.........
Attached Image (click to enlarge)
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  • #309,365
  • Oct 19, 2010 4:28am Oct 19, 2010 4:28am
short this.
  • #309,366
  • Oct 19, 2010 4:28am Oct 19, 2010 4:28am
Long when the trend line was broken..now waiting for news from gbp to move this thing on up
  • #309,367
  • Oct 19, 2010 4:31am Oct 19, 2010 4:31am
Quoting paul1
If it turns out a bull day it will be same as yesterday they did fail test yesterday could this be a trap for bulls?
EU is sideways at the moment. The bull trap can be considered for traders who initially bought the currency pair on fakeouts and false spikes and the currency pair has declined meanwhile.

It depends what price u have bought it. This is sideways movement. I cant see a sign of a trap. If u buy supports and sell resistances in the direction of the maintrend u would rarely be caught in a trap.
  • #309,368
  • Oct 19, 2010 4:31am Oct 19, 2010 4:31am
closed above 3931/36, but I'll wait to see the 1hr bar before joining the bulls, otherwise I still looking for short plays...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #309,369
  • Oct 19, 2010 4:32am Oct 19, 2010 4:32am
Quoting fontu
may be little early , still half hour not over nor the set up ready any side .waiting end
fontu
Yeh maybe too soon, but i was short before that
Anyway i was short 1,3930.
So i'll either see my 50 pips stop hit, or my 170 pips profit hit, cya in either side
COT: The precious data ignored
  • #309,370
  • Oct 19, 2010 4:34am Oct 19, 2010 4:34am
Quoting T@rantula
EU is sideways at the moment. The bull trap can be considered for traders who initially bought the currency pair on fakeouts and false spikes and the currency pair has declined meanwhile.

It depends what price u have bought it. This is sideways movement. I cant see a sign of a trap. If u buy supports and sell resistances in the direction of the maintrend u would rarely be caught in a trap.

Mate, on my h4 and up I have a bit of consolidation but still up! For those who don't understand the news go to www.forexlive.com helped me...
@pawpaw1000 on Twitter
  • #309,371
  • Oct 19, 2010 4:36am Oct 19, 2010 4:36am
Quoting pawpaw1000
Mate, on my h4 and up I have a bit of consolidation but still up! For those who don't understand the news go to www.forexlive.com helped me...
I havent been to that site, but ok Thats why im still long, a consolidation in a sloped triangle.
  • #309,372
  • Oct 19, 2010 4:37am Oct 19, 2010 4:37am
Quoting T@rantula
EU is sideways at the moment. The bull trap can be considered for traders who initially bought the currency pair on fakeouts and false spikes and the currency pair has declined meanwhile.

It depends what price u have bought it. This is sideways movement. I cant see a sign of a trap. If u buy supports and sell resistances in the direction of the maintrend u would rarely be caught in a trap.
Thankyou
making green pips large and red pips small this is my goal.
  • #309,373
  • Oct 19, 2010 4:44am Oct 19, 2010 4:44am
Quoting pawpaw1000
Mate, on my h4 and up I have a bit of consolidation but still up! For those who don't understand the news go to www.forexlive.com helped me...
Could u point me to their technical analysis and charts of EU pair?
  • #309,374
  • Oct 19, 2010 4:45am Oct 19, 2010 4:45am
Bulls have yet to see a strong 15min bar since the news...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 17 KB
Look Sharp/Trade Tight
  • #309,375
  • Oct 19, 2010 4:50am Oct 19, 2010 4:50am
I am flat now. but still believe that it bear's time.
  • #309,376
  • Oct 19, 2010 4:52am Oct 19, 2010 4:52am
Quoting T@rantula
Could u point me to their technical analysis and charts of EU pair?

Dont know if they have... Just interesting to read the news with their opinion and also they give positions of large traders and institutions do my own analysis, find it works better for me
@pawpaw1000 on Twitter
  • #309,377
  • Oct 19, 2010 4:53am Oct 19, 2010 4:53am
3938/3940 might be turning into resistance...
Look Sharp/Trade Tight
  • #309,378
  • Oct 19, 2010 4:53am Oct 19, 2010 4:53am
Quoting POSTiGA
Pending order activated,
Sell limit: 3950 tp1: 3930
Exit with +19pip
  • #309,379
  • Oct 19, 2010 4:55am Oct 19, 2010 4:55am
Quoting PayTheLimit
Bulls have yet to see a strong 15min bar since the news...
Agreed, put sl at 3915... Guess we a bit undecided!!!
@pawpaw1000 on Twitter
  • #309,380
  • Oct 19, 2010 4:55am Oct 19, 2010 4:55am
Quoting pawpaw1000
do my own analysis, find it works better for me
Me 2 but I thought their analysis is based on technicals. Thank you.
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