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  • #455,661
  • Jun 6, 2011 4:03am Jun 6, 2011 4:03am
hi
i am new in forex
i sell in eur.usd at 1.4624 sl=1.4671 tp = 1.4530
is possible give me any advise about
i work in H1
thanks
  • #455,662
  • Jun 6, 2011 4:06am Jun 6, 2011 4:06am
Quoting PhAnTi'
highly oversold + major demand area....should be good for some longs
Attachment


bit off topic tough ^^
Probably a good RR here, but PA is bad for longs, so i'd skip that trade...
COT: The precious data ignored
  • #455,663
  • Jun 6, 2011 4:06am Jun 6, 2011 4:06am
Quoting FXMoneMaker
There must be a clear reason for this pair to collapse below 1.4600/10, and on a Monday with no news release that might effect that.
There's a doubt, but if break and bases below that price, it must collapse to 1.4520
Nah in forex its always to other way around,when something happens they find reasons for it sad but true.
  • #455,664
  • Jun 6, 2011 4:07am Jun 6, 2011 4:07am
thanks for you input brother...
Look Sharp/Trade Tight
  • #455,665
  • Jun 6, 2011 4:09am Jun 6, 2011 4:09am
Quoting PhAnTi'
highly oversold + major demand area....should be good for some longs
Attachment


bit off topic tough ^^
Yeap mate, IMO 100% key level whatever your side or market you trade. Checking oil, gold and bonds on that area....key markets workspace in full screen in the next couple of days/hours. If hold that area = keep the status quo on the the dollar but a break down can put everything upside down in all market and will put FED in the center of attention for QE3 details.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #455,666
  • Jun 6, 2011 4:11am Jun 6, 2011 4:11am
Quoting omidgold
hi
i am new in forex
i sell in eur.usd at 1.4624 sl=1.4671 tp = 1.4530
is possible give me any advise about
i work in H1
thanks
1. Good Risk/reward ratio for sure.
2. Why did you take that short ? only based on H1 ?

I only trade H1 for intraday as well...but if you look at the chart you can see 1,4630 (more or less) is an important zone.
The bearish H1 candle was strong, but most of the time it is follow by a retest (it restested 1,4630 but could not close below) that's why i didn't take the trade.
If this hour i see a strong red H1 close i'll short...otherwise i will wait.

The only interesting short i see is gbpusp ...for 1,6380...why not 1,6320-40...but i might be wrong so stop is there
COT: The precious data ignored
  • #455,667
  • Jun 6, 2011 4:14am Jun 6, 2011 4:14am
EU is still in bullish mode although its Monday, so caution advised.

im in usdchf trade at the moment took short@ 48, 61 stops @ 90.
  • #455,668
  • Jun 6, 2011 4:16am Jun 6, 2011 4:16am
Quoting chazzle
I'm playing this again till proven otherwise
Me to minimum sl on entry suits me. Until 4655 goes
Short scalps been nice
EU stopped - progressive banked pips
Try again EU
Still holding Geppy Cable AU
If you are new to Forex? Say Goodbye to your account!!
  • #455,669
  • Jun 6, 2011 4:17am Jun 6, 2011 4:17am
Inserted Video
  • #455,670
  • Jun 6, 2011 4:23am Jun 6, 2011 4:23am
...15/60 close only
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 14 KB
Look Sharp/Trade Tight
  • #455,671
  • Jun 6, 2011 4:25am Jun 6, 2011 4:25am
Quoting Mr Hatch
.. so I guess, it's more a GILF
well I haven't ventured into that category, and I think I'd rather keep it that way....
Look Sharp/Trade Tight
  • #455,672
  • Jun 6, 2011 4:26am Jun 6, 2011 4:26am
Quoting KiwiTrada
Me to minimum sl on entry suits me. Until 4655 goes
Short scalps been nice
EU stopped - progressive banked pips
Try again EU
Still holding Geppy Cable AU
Heading for 2nd test 4615 40 pip range,
EU BE
If you are new to Forex? Say Goodbye to your account!!
  • #455,673
  • Jun 6, 2011 4:27am Jun 6, 2011 4:27am
Quoting PayTheLimit
...15/60 close only
Boring morning on the euro. Too high to go long intraday and too bulllish to go short (daily) so staying sidelined.

We'll see if there is a "decent" retrace to 1.455x (is in mania mode on daily so odds are reduced) to have at least a decision point otherwise look somewhere else...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #455,674
  • Jun 6, 2011 4:28am Jun 6, 2011 4:28am
...went up just shy of 65 and i dint get my entry...guess i should really patiently wait for 75...
Guard your pips jelously
  • #455,675
  • Jun 6, 2011 4:29am Jun 6, 2011 4:29am
Quoting sisse
otherwise look..
for the door...
Look Sharp/Trade Tight
  • #455,676
  • Jun 6, 2011 4:29am Jun 6, 2011 4:29am
Back to sleep

Quoting pipper
Have possible bull flag formation scenario to 23.6 Fib retrace @ 1.457x region Mercy

Rough H1 Chart below
Disclaimer: Check your 1m charts
  • #455,677
  • Jun 6, 2011 4:30am Jun 6, 2011 4:30am
Quoting kuroro001
1. Good Risk/reward ratio for sure.
2. Why did you take that short ? only based on H1 ?

I only trade H1 for intraday as well...but if you look at the chart you can see 1,4630 (more or less) is an important zone.
The bearish H1 candle was strong, but most of the time it is follow by a retest (it restested 1,4630 but could not close below) that's why i didn't take the trade.
If this hour i see a strong red H1 close i'll short...otherwise i will wait.

The only interesting short i see is gbpusp ...for 1,6380...why not 1,6320-40...but i might be...

whu 1,4630 is an important zone ?
  • #455,678
  • Jun 6, 2011 4:31am Jun 6, 2011 4:31am
Originally Posted by FXMoneMaker
There must be a clear reason for this pair to collapse below 1.4600/10, and on a Monday with no news release that might effect that.
There's a doubt, but if break and bases below that price, it must collapse to 1.4520
Nah in forex its always to other way around,when something happens they find reasons for it sad but true.

------------------------------------------------

I am basing my talks on my daily analysis for this pair that says 1.4600/10 is forming a front support line, if price keep going up to around 1.4700 or above, this support line would be much stronger than to penetrate later on while a break today below would extend weakness to 1.4520 and maybe lower in coming days.
So traders who have sell order above this price, have a good focus on that line to Take Profit or keep the pips running to the next target, ofcourse according to price action later on...
  • #455,679
  • Jun 6, 2011 4:33am Jun 6, 2011 4:33am
Quoting KiwiTrada
Heading for 2nd test 4615 40 pip range,
EU BE
Everything looking good so far oil knocking geppy new low awesome

Keep it up ladies

EU progressive bank 1/3 15+ pips
If you are new to Forex? Say Goodbye to your account!!
  • #455,680
  • Jun 6, 2011 4:34am Jun 6, 2011 4:34am
1.4650 to 1.4660 is the area of resistance.

1.4600 to 1.4610 is the area of support.



I think today the EU will move between these ranges only.

Reason
1> EU is at very high position so most of the people will not think to go long from there.

2> EU is still showing bullish trend so most of the people will not think to sell it until a clear trend emerges.
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