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  • #550,181
  • Oct 13, 2011 2:30pm Oct 13, 2011 2:30pm
hey guys

this is my first post here and i would like to share with you

im now see area of resistances between 3780 to 3820 accompanied with negative divergences of RSI ( need to be confirmed by breaking down the upper channel price ) im going short now @ 3775 and stop @ 3850

may be i will go long after 3860 for target @ 4000
what do you think guys witch way is more likely to go ?

hope you all good trades

kind regards
Attached Image (click to enlarge)
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  • #550,182
  • Oct 13, 2011 2:35pm Oct 13, 2011 2:35pm
Hi there!

Im kinda glad that i decided to take a break this weak, and stayed out of the marked, was in a bearish mood still at weekend, but hammer on weekly tf made me wait and see how the situation will develope.

At daily tf we have a doji candle, after a stron bullish movement. Also stoch is slightly giving sell signal. 1.3800 has shown to be a stron resistance.
I would wait for next cadle to form, which either will confirm doji and we will see continuation of bearish movement, or breaking over 1.3800 and then i will look @ 1.4000.

Good luck to all, wish lots of green pips!
Attached Image (click to enlarge)
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  • #550,183
  • Oct 13, 2011 2:41pm Oct 13, 2011 2:41pm
Quoting egyptain
hey guys

this is my first post here and i would like to share with you

im now see area of resistances between 3780 to 3820 accompanied with negative divergences of RSI ( need to be confirmed by breaking down the upper channel price ) im going short now @ 3775 and stop @ 3850

may be i will go long after 3860 for target @ 4000
what do you think guys witch way is more likely to go ?

hope you all good trades

kind regards
i would be scare about the stop because it could taken out quickly.
i would do one of the following:
1) put your stop at least 1.4100
2) wait and see what happens
3) reduce your lot size so you can use 1.4100 stop and and short again at 1.40 if it get hit.


the key is if you are new; dont use large lots - money management is the only way a trader last (dont risk more that 10% - and most the time 2%-5%)
  • #550,184
  • Oct 13, 2011 2:46pm Oct 13, 2011 2:46pm
Quoting mpurdy1973
i would be scare about the stop because it could taken out quickly.
i would do one of the following:
1) put your stop at least 1.4100
2) wait and see what happens
3) reduce your lot size so you can use 1.4100 stop and and short again at 1.40 if it get hit.


the key is if you are new; dont use large lots - money management is the only way a trader last (dont risk more that 10% - and most the time 2%-5%)
now i think not a good place to trade EURUSD... it is not decided and might be ranging up and down taking all your stops in both directions
When life gives you lemons, make lemonade
  • #550,185
  • Oct 13, 2011 3:08pm Oct 13, 2011 3:08pm
Quoting fontu
may be , not checking it now but reversal though starts from 3936 breaks or more doubt may come with breaks 4148 still not all for a true one , still may subject to big bear before reversal seen with break tops.
fontu

Hi I meant reversal for bulls
  • #550,186
  • Oct 13, 2011 3:35pm Oct 13, 2011 3:35pm
1.3750 is a level which price bounce on it .
good place for put a buy order
sl @ 1.3698
tp @ 1.3820
  • #550,187
  • Oct 13, 2011 3:35pm Oct 13, 2011 3:35pm
Quoting egyptain
hey guys

this is my first post here and i would like to share with you

im now see area of resistances between 3780 to 3820 accompanied with negative divergences of RSI ( need to be confirmed by breaking down the upper channel price ) im going short now @ 3775 and stop @ 3850

may be i will go long after 3860 for target @ 4000
what do you think guys witch way is more likely to go ?

hope you all good trades

kind regards
Nice clean chart

I have similar chart bro, Channel on 4hr is bit more clearer, the ltl has already been breached, 12 hrs ago, pierce only, but this girl is presently getting very tight squeeze, safer option is wait 3766 and then the ltl is breach retest and hold, seller be back in control,
I more aggressive I defending 3832 as stated days ago, I have a secondary back stop set at 3878, I looking for longer trade, so prepared to risk more

Trade safe bro
If you are new to Forex? Say Goodbye to your account!!
  • #550,188
  • Oct 13, 2011 3:47pm Oct 13, 2011 3:47pm


Quoting wannaberich
div on 5m and 15m. 1h still reads this as a correction of the last move down and so does daily.

enjoy

WBR
dreams do come true.
  • #550,189
  • Oct 13, 2011 3:47pm Oct 13, 2011 3:47pm
S&P CUTS SPAIN TO AA-
  • #550,190
  • Oct 13, 2011 4:01pm Oct 13, 2011 4:01pm
Pa is hit 1st fence, bull has small bear claw scatch on scrotum

I think testicle will fall out soon
If you are new to Forex? Say Goodbye to your account!!
  • #550,191
  • Oct 13, 2011 4:07pm Oct 13, 2011 4:07pm


funny how they always pick the best (TA wise) time to make those downgrades...

Quoting KiwiTrada
Pa is hit 1st fence, bull has small bear claw scatch on scrotum

I think testicle will fall out soon
dreams do come true.
  • #550,192
  • Oct 13, 2011 4:07pm Oct 13, 2011 4:07pm
Quoting KiwiTrada
Pa is hit 1st fence, bull has small bear claw scatch on scrotum

I think testicle will fall out soon
ouch, sounds painful
  • #550,193
  • Oct 13, 2011 4:15pm Oct 13, 2011 4:15pm
Quoting mpurdy1973
i would be scare about the stop because it could taken out quickly.
i would do one of the following:
1) put your stop at least 1.4100
2) wait and see what happens
3) reduce your lot size so you can use 1.4100 stop and and short again at 1.40 if it get hit.


the key is if you are new; dont use large lots - money management is the only way a trader last (dont risk more that 10% - and most the time 2%-5%)
thanks for your advices , actually im new in real account after tow years in the demo accounts i discovered now the big differences .
there is no much small than 0.1 lot size which i use
and your advice ti short again @4000 is more appropriate than what i intend ( long @3860 TB @ 4000)
appreciate if you could give me a name of a book focus on money management .

thanks again
  • #550,194
  • Edited 4:39pm Oct 13, 2011 4:16pm | Edited 4:39pm
Here we are again with almost the identical scenario in the candle pattern as 2 days ago, but may be the settlement in the EZ has changed.

Yesterdays Doji appears as it is beginning to validate a Evening star pattern , but will not validate until the close of present candle showing a possible Black Marubozu or also known as 'Evening southern cross'

Last time I shorted this I was stopped out @ BE and I did it again so I may fall into the insane catigory..LOL.

3700 has a strong line with retracement of 23.6 also needing to be achieved also....Let see how she goes

Regards
Attached Image (click to enlarge)
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  • #550,195
  • Oct 13, 2011 4:20pm Oct 13, 2011 4:20pm
Quoting 2046
ouch, sounds painful
Yes EU has ascending channel 1 hr 4 hr and daily with weekly falling wedge, all different tl,s bull was fair to be confident of bounce from ltl,s
problem was how strong was the upward rejection aka resist, 3832, this was not noprmal resist, it is mofu, not to be toyed with, therefore that rejection needed to be strong to break all the ltl,s above, it has breached and now in process of retest, if seller can hold, poor euro
If you are new to Forex? Say Goodbye to your account!!
  • #550,196
  • Oct 13, 2011 4:39pm Oct 13, 2011 4:39pm
Could be getting a nice inside bar on the daily chart with my broker who closes the daily at 8 pm.
Yay! Pips for everyone!
  • #550,197
  • Oct 13, 2011 4:41pm Oct 13, 2011 4:41pm
Where has all buyers go from thread, was possible buy, pa hit nice support, 1hr 50sma plus support 3732 4hr has kissing 200 sma etc etc, If pa can get back in channel sl has nice protection!!
I not interested, I want them smashed
If you are new to Forex? Say Goodbye to your account!!
  • #550,198
  • Oct 13, 2011 4:44pm Oct 13, 2011 4:44pm
Time zone is very importan in this bizz..I'm 21:00 GMT with all brokers close (roll over) and live in PST..

Quoting Pipsforall
Could be getting a nice inside bar on the daily chart with my broker who closes the daily at 8 pm.
  • #550,199
  • Oct 13, 2011 4:48pm Oct 13, 2011 4:48pm
Quoting Chillypiper
Time zone is very importan in this bizz..I'm 21:00 GMT with all brokers and live in PST..

8 pm EST here. I trade with interbankfx.
Yay! Pips for everyone!
  • #550,200
  • Oct 13, 2011 4:49pm Oct 13, 2011 4:49pm
30min neckline too...

Quoting KiwiTrada
Where has all buyers go from thread, was possible buy, pa hit nice support, 1hr 50sma plus support 3732 4hr has kissing 200 sma etc etc, If pa can get back in channel sl has nice protection!!
I not interested, I want them smashed
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