here is Ben live http://www.marketwatch.com/livevideo
According to my chart bellow price is in the middle of nowhere at the moment.
To go long price needs to break trough the resistance and hold up there or my preference is to buy down in the supply area.
So for me I stay out till we see some action at those levels.
Cheers
To go long price needs to break trough the resistance and hold up there or my preference is to buy down in the supply area.
So for me I stay out till we see some action at those levels.
Cheers
- #5,769
- May 2, 2011 1:16pm May 2, 2011 1:16pm
- | Commercial User | Joined May 2009 | 5,751 Posts
Near perfect bounce off 120 - nice intraday trade from 120.51 up to TL resistance at 121.00.
IMHO could still go either way with 120 continuing to be my 'line in the sand'.
CHeers
Petar
"Buy on fear, sell on greed !!!
[quote=Petar_Serbia;4586281]I am currently neutral on this pair but expext more down and test 120 and than if we go below we can go more down.We will see EURUSD is clear sell for me,that can be power future for EURJPY sell..
Hi Petar,
Both daily and 4H look very negative to me, EUR/CHF too, but who knows anything these days....!
Cheers.
Hi Petar,
Both daily and 4H look very negative to me, EUR/CHF too, but who knows anything these days....!
Cheers.
I've got my pips - go get yours!
- #5,771
- May 2, 2011 2:34pm May 2, 2011 2:34pm
- | Commercial User | Joined May 2009 | 5,751 Posts
[quote=BackTestDummy;4586396]
For me Clear Sell EURUSD 20 pips ago and expext about 100-150 pips according my analisy i work long time..We will see this is Forex and always both sides has sense...
Cheers
Petar
I am currently neutral on this pair but expext more down and test 120 and than if we go below we can go more down.We will see EURUSD is clear sell for me,that can be power future for EURJPY sell..
Hi Petar,
Both daily and 4H look very negative to me, EUR/CHF too, but who knows anything these days....!
Cheers.
Cheers
Petar
"Buy on fear, sell on greed !!!
- #5,772
- May 2, 2011 8:15pm May 2, 2011 8:15pm
- Joined Jun 2009 | Status: Trader | 1,946 Posts
Nice trade Petar, another winner 
- #5,776
- May 3, 2011 4:22am May 3, 2011 4:22am
- | Commercial User | Joined May 2009 | 5,751 Posts
Nice trade Petar, another winner
I must say all setups for me finished in plus and i took about 400 pips and potencial 550 if audusd go in second target.I must say for new guys,choose your strategy and work 1,2,3 years,dont change one strategy when you find one wich will be according your personality.
Also prepare yourself for negative period and trade strict MM 2-3 % per postion.
Hope that my advice will help somone
Cheers
Petar
"Buy on fear, sell on greed !!!
- #5,777
- May 4, 2011 2:24am May 4, 2011 2:24am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #5,778
- May 4, 2011 4:39am May 4, 2011 4:39am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
update.
now where was sold will be bought.
patience is the key
good demand near 120.05
whole range 119.80-120.20 good to try an entry.
will chek PA there
now where was sold will be bought.
patience is the key
good demand near 120.05
whole range 119.80-120.20 good to try an entry.
will chek PA there
90% of traders use TA, indicators and prediction
- #5,780
- May 4, 2011 5:41am May 4, 2011 5:41am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
nice chart u post here, should we expect 122.50 (according to fibo expansion )?
regards
hello
i think 120.00 is a good step to go for 125's
but...
first needs to hold
maybe next days after NFP picture will be more clear
90% of traders use TA, indicators and prediction