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Price Action Trading - EUR/USD

  • #121
  • Aug 4, 2011 10:15am Aug 4, 2011 10:15am
Long @ 41.89

SL at 41.34

TP: Leave Open, targeting 43.10 take half.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_XAG_USD_1 Min_snapshot.png Size: 21 KB
  • #122
  • Aug 4, 2011 12:54pm Aug 4, 2011 12:54pm
Hmmm .... what the XXXX ....

Stop out for -66.7pip


Re-enter Silver 38.65 Long SL 37.60

Long Gold when price hits 1660, SL 1640


=============

EUR/USD: -75.2pips

Silver: -3.7pips
  • #123
  • Aug 4, 2011 12:59pm Aug 4, 2011 12:59pm
Place separate new intra-day Long order at 1.4070, TP at 1.4100, SL 1.4030



Quoting ken_wongyl
Take Half now at 1.4150 from 1.4320. Leave the other half to run.

TP for 170pips. Pending the other half to close. Target take another half at 1.4080

SL shift to 1.4280

=============

EUR/USD: -75.2pips

Silver: +63pips
  • #124
  • Aug 4, 2011 1:56pm Aug 4, 2011 1:56pm
Who would have expected a sell-off in the Stock market also resulted in a sell-off in the safe-haven ..... that's something new. Even Treasury bonds are being solld off !!! So Cash is King !!!

But those cash will go back to something sooner or later.... usually bonds and/or safe havens once those stuff are discounted enough.

Quoting ken_wongyl
Hmmm .... what the XXXX ....

Stop out for -66.7pip


Re-enter Silver 38.65 Long SL 37.60

Long Gold when price hits 1660, SL 1640


=============

EUR/USD: -75.2pips

Silver: -3.7pips
  • #125
  • Aug 4, 2011 2:07pm Aug 4, 2011 2:07pm
Hourly descending channel is holding well with previous low of 1.4140 well broken. In 10mins, Price has accelerated beyond the 10min channel and testing the hourly descending channel bottom.

As it always go, no reversals until a reversal pattern is found. Unless it can break above 1.4220, price is likely to continue testing downside, until it reaches a more solid support in the hourly at 1.4070. Good Buy area for a quick rebounce.


Quoting ken_wongyl
Place separate new intra-day Long order at 1.4070, TP at 1.4100, SL 1.4030
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Hourly_snapshot.png Size: 25 KB
Click to Enlarge Name: Chart_EUR_USD_10 Mins_snapshot.png Size: 28 KB
  • #126
  • Aug 4, 2011 10:35pm Aug 4, 2011 10:35pm
Beautiful is all i can say

The price did an about turn and hit my TP for my long from 1.4070 before my SL. Beautiful.

Long from 1.4070 closed at 1.4100 for 30pips

Short from 1.4320, take another half at 1.4080
(1st half lot closed at 170pips, wrt original lot size, qtr lot closed at 240)
Last Qtr lot to let it run with the wind if there is any. SL will shift to 1.4220

=============

EUR/USD: -35.2pips (net of win of 30pip)

Silver: -3.7pips
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_10 Mins_snapshot.png Size: 29 KB
  • #127
  • Aug 4, 2011 10:47pm Aug 4, 2011 10:47pm
Carnage for the Silver Long yesterday ..... hiaz

Take half profit from the Silver position from 38.65 at 39.20 for 55pips. SL shift to protect entry at 38.75. Cannot rule out that price may retest recent low at 38.53

Add another Silver Long Entry at 40.10, SL38.84

Gold Long Entry shift down to 1658.3, SL remains at 1640

Quoting ken_wongyl
Hmmm .... what the XXXX ....

Stop out for -66.7pip


Re-enter Silver 38.65 Long SL 37.60

Long Gold when price hits 1660, SL 1640
  • #128
  • Aug 5, 2011 3:31am Aug 5, 2011 3:31am
Gold position take half profit at 1670 when it hits there.
  • #129
  • Aug 5, 2011 4:05am Aug 5, 2011 4:05am
TP hit, 1/2 lot close for 117pips


=============

EUR/USD: -35.2pips (net of win of 30pip)
(1st half lot closed at 170pips, wrt original lot size, qtr lot closed at 240)
Last Qtr lot to let it run with the wind if there is any. SL will shift to 1.4220

Silver: -3.7pips
(1st half lot closed for 55pips)

Gold: 0pips
(1st half lot closed for 117pips)

Quoting ken_wongyl
Gold position take half profit at 1670 when it hits there.
  • #130
  • Aug 5, 2011 5:13am Aug 5, 2011 5:13am
Silver SL shift up to 38.85
  • #131
  • Aug 5, 2011 5:17am Aug 5, 2011 5:17am
Sell EUR/USD at 1.4200, SL 1.4260, TP Open.
  • #132
  • Aug 5, 2011 6:01am Aug 5, 2011 6:01am
Change of Strategy. Cancel last Sell order at 1.4200.

Change to Sell now at 1.4162, SL 1.4230, TP at 1.4080

In consideration that there is NFP later. And in the hourly chart, there is no convincing reversal pattern yet, so market is likely to test support first at NFP release. From there, if news is positive for dollar, then it may break thru 1.4070, if negative for dollar, 1.4070 should hold and price should reverse towards 1.4300.

Quoting ken_wongyl
Sell EUR/USD at 1.4200, SL 1.4260, TP Open.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_10 Mins_snapshot.png Size: 30 KB
  • #133
  • Last Post: Aug 5, 2011 8:29am Aug 5, 2011 8:29am
My Silver position with SL at 38.85 has been taken out. Entry from 38.65
Close off 2nd half of lot at 20pips

1st half closed off for 55pips

Ave profit for this lot is 38.5pip

Shift Silver Long order down to 39.88 from 40.10. SL change to 37.75

Quoting ken_wongyl
Silver SL shift up to 38.85
=============

EUR/USD: -35.2pips
(1st half lot closed at 170pips, wrt original lot size, qtr lot closed at 240)
Last Qtr lot to let it run with the wind if there is any. SL will shift to 1.4220

Silver: +34.8pips (net win of 38.5pip)

Gold: 0pips
(1st half lot closed for 117pips)
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