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EURUSD

  • #435,381
  • May 4, 2011 12:43pm May 4, 2011 12:43pm
M15 now we have + divergence may be till Asia
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 65 KB
  • #435,382
  • May 4, 2011 12:45pm May 4, 2011 12:45pm
looks like a head and shoulders forming on the euro. watch for shorts.
  • #435,383
  • May 4, 2011 12:46pm May 4, 2011 12:46pm
was I right or was I right? stop run it was!

Quoting Razorman
watch the close on the 1hr this might turn out to be a stop run. in that sideways market those are pretty common.
  • #435,384
  • May 4, 2011 12:49pm May 4, 2011 12:49pm
Quoting Razorman
looks like a head and shoulders forming on the euro. watch for shorts.

like this chart plz
Attached Image
  • #435,385
  • May 4, 2011 12:51pm May 4, 2011 12:51pm
Hi Fib,

remember my thing over the weekend. same drill again LOL

will it be this time that i enter a mid/long term trade? LOL

green pips to u

WBR

Quoting FibbinArchie
yep, true say...
dreams do come true.
  • #435,386
  • May 4, 2011 12:52pm May 4, 2011 12:52pm
Got my second lots at 1.4825 61.8% of weekly candle. I think we are out of that range for this week because we broke it today on the upside and got really quick to the 61.8% retracement of the weekly. Thats gives me a lot of confidence about short term going to 1.4980 and ultimate 1.50, im leaving my office, and going to my stores to work, i have alarms at every fib level for the week, 1.4868 and 1.4895.

At last im going to check the daily pivot later today to see if we close above tomorrows pivot. It would be crazy good. But better would be to close even above the red downtrendline and 1oma 1hr,

lets see.

Good luck guys.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMAY.jpg Size: 506 KB
  • #435,387
  • May 4, 2011 12:53pm May 4, 2011 12:53pm
Short@ 1.4910 - gently striking my new friend on the back.... Get to know your pet:

Inserted Video
  • #435,388
  • May 4, 2011 12:54pm May 4, 2011 12:54pm
Quoting ForexTreeGuy
on the 15 min for the 31

No, look again.
  • #435,389
  • May 4, 2011 12:57pm May 4, 2011 12:57pm
Retrace over?
  • #435,390
  • Edited 4:36pm May 4, 2011 12:58pm | Edited 4:36pm
Quoting wannaberich
Hi Fib,

remember my thing over the weekend. same drill again LOL

will it be this time that i enter a mid/long term trade? LOL

green pips to u

WBR
Same to you WBR, I'm sticking to my very short term scalping strategy for the time being, just fading moves on the m1 for 5 to 10 pippers, doesn't sound much but it's high frequency so they add up. It's quite psychologically taxing tho' requires a lot of concentration & focus, but seems to be the best strategy for me in these conditions, what with every move getting retraced...

E/U been in a range all week, check out all the dojis on the daily, maybe we'll get a genuine breakout on the NFPs...
  • #435,391
  • May 4, 2011 12:59pm May 4, 2011 12:59pm
Hi there,

on the 1hr (wedge?) setup my levels of interest for entry/exits are the following:

a) close above 4848:
4868, 4880, 48897 and 4911

b) close below 4848:
4828, 4816, 4806, 4784 (final longs....then projected breakthrough downwards?)


good trades everyone
  • #435,392
  • May 4, 2011 1:01pm May 4, 2011 1:01pm
Quoting FibbinArchie
Same to you Rui, I'm sticking to my very short term scalping strategy, just fading moves on the m1 for 5 to 10 pippers, doesn't sound much but it's high frequency so they add up. It's quite psychologically taxing tho' requires a lot of concentration & focus, but seems to be the best strategy for me in these conditions, what with every move getting retraced...

E/U been in a range all week, check out all the dojis on the daily, maybe we'll get a breakout on the NFPs...
Yes sir... it's how I usually am for Asia...

10-20 pip hits several times over a day add up nicely. Although slightly different rules for Asia for me... usually I go for about 50 pips a night from scalping (as an aggregate target), however as of late Asia has been really generous.
  • #435,393
  • May 4, 2011 1:05pm May 4, 2011 1:05pm
Quoting Venice
Yes sir... it's how I usually am for Asia...

10-20 pip hits several times over a day add up nicely. Although slightly different rules for Asia for me... usually I go for about 50 pips a night from scalping (as an aggregate target), however as of late Asia has been really generous.
well been trying to swing trade past couple of weeks but with mixed results, been testing various systems, but since I just went back to straight scalping it's been going steady...
  • #435,394
  • May 4, 2011 1:07pm May 4, 2011 1:07pm
resistance 4883 might consolidate
  • #435,395
  • May 4, 2011 1:10pm May 4, 2011 1:10pm
Quoting FibbinArchie
well been trying to swing trade past couple of weeks but with mixed results, been testing various systems, but since I just went back to straight scalping it's been going steady...
Yup, not a very good environment right now for swinging. I actually havn't started any this week as of yet. Aussie was a good short on Monday, I just missed it and wasn't paying attention. I also got a few signals on Looney but I am very reluctant to counter trend that thing. Same with the Aussie. Correlations being out of sync are making me second guess myself as well on the bigger time frames.

Just scalps this week so far.

I use my same strategy on daily that I use down to the 5m. NFP Week so will be looking to start new ones next week on Sunday/Monday.

You have to really shift your mindset when it comes to the daily. I may recommend trying on the 4h first to see how you like that.
  • #435,396
  • May 4, 2011 1:10pm May 4, 2011 1:10pm
Quoting Pipwanderer
resistance 4883 might consolidate
stalled at 38.2% fr of the high to low so far...
  • #435,397
  • May 4, 2011 1:11pm May 4, 2011 1:11pm
Quoting wormboy
Nope, 100 pips in a 3 hour straight line is not bad at all I agree.
viel gluck mein freund

Yes ... I agree ... time/reward ratio has been fine as well ...

Better than argueing with the mob for hours and hours ... and waiting for small things to happen which are not worthy to look out for ...

Really well done I must say ... Boris Becker Style ... "Schmetterball" zack bumm und reingetan das Ding und Punkte kassiert !

Anyway ... major moves of the day has been done ...

TIME FOR RECAPITULATION

Next 'value date' looming within three hours left ... with some bones for the pitbull doggys ... tomorrow will give us some new play cards with meat then ...




;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-05-04_19h43_ EURUSD _ min090 _ (150) candle + BB + MA + PP.PNG Size: 29 KB
Click to Enlarge Name: 2011-05-04_19h43_ EURUSD _ min240 _ (150) candle + BB + MA + PP.PNG Size: 33 KB
Click to Enlarge Name: 2011-05-04_00h00 - Pivots + ZigZag A-B-C LEVELS _ EURUSD _ Rollover Open B _ W-18.PNG Size: 118 KB
Click to Enlarge Name: 2011-05-04_19h40 - Pivots + ZigZag A-B-C LEVELS _ EURUSD _ Update A _ W-18.PNG Size: 119 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #435,398
  • May 4, 2011 1:12pm May 4, 2011 1:12pm
Quoting Venice
Yup, not a very good environment right now for swinging. I actually havn't started any this week as of yet. Aussie was a good short on Monday, I just missed it and wasn't paying attention. I also got a few signals on Looney but I am very reluctant to counter trend that thing. Same with the Aussie. Correlations being out of sync are making me second guess myself as well on the bigger time frames.

Just scalps this week so far.

I use my same strategy on daily that I use down to the 5m. NFP Week so will be looking to start new ones next week on Sunday/Monday....
may attempt to get a position in on friday, but only if it's an obvious shakeout...
  • #435,399
  • May 4, 2011 1:14pm May 4, 2011 1:14pm
Quoting mercy seat
Yes ... I agree ... time/reward ratio has been fine as well ...

Better than argueing with the mob for hours and hours ... and waiting for small things to happen which are not worthy to look out for ...

Really well done I must say ... Boris Becker Style ... "Schmetterball" zack bumm und reingetan das Ding und Punkte kassiert !

Anyway ... major moves of the day has been done ...

TIME FOR RECAPITULATION

Next 'value date' looming within three hours left ... with some bones for the pitbull doggys ......


Inserted Video
  • #435,400
  • May 4, 2011 1:15pm May 4, 2011 1:15pm
Hey PC - i have 4989 on 1Hr as D
Disclaimer: Check your 1m charts
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