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EURUSD

  • #560,841
  • Nov 10, 2011 2:42pm Nov 10, 2011 2:42pm
Out... bad time to trade.. calling it a day at + 148 pips
  • #560,842
  • Nov 10, 2011 2:55pm Nov 10, 2011 2:55pm
Quoting lookmeup99
Short 1.3693... looking for 3580 agian or more... stop 1.3612
Highest on my chart is 1.36020 hummmmmmm
  • #560,843
  • Nov 10, 2011 2:56pm Nov 10, 2011 2:56pm
Quoting mercy seat
Good Morning !

TABLE survey EUR/USD after phone calls ... but prior to Tokyo Session opening :

2011-11-09_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-45 (V1)

Elliott :

Turning point at 1.3859 zone. Projection down 1.3405 or 1.3311 in case of an extention ...

Pivots :

To trade lower towards 1.3484 or below to 1.3424 or 1.3369 while below 1.3618 - 1.3642 zone. Pullback to 1.3575 - 1.3642 or 1.3708...
2011-11-10_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-45 (x1) a

RECAP:

At the end of this day ... 80 minutes left until rollover ... we can say this has been quite ok ...

Sometimes it can happen ... that an estimation will become true the day afterwards ...

In this case ... extention towards somewhat around 1.37 area ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #560,844
  • Nov 10, 2011 2:57pm Nov 10, 2011 2:57pm
Thoughts for tommorrow...
5 day Delta POC is at 1.3769.. reading Green 6506
at 1.3577 poc reading is Red 4430 and below that Red 3353 at 1.3565.
above looking at 1.3616 showing Red 2887 with Green 2888 at 1.3631.
So.....
Going up to 1.3616 - 30... then down to at least 1.3550 and below... but could then finish back around 1.3570.
1.3620
1.3500
1.3570
  • #560,845
  • Nov 10, 2011 3:41pm Nov 10, 2011 3:41pm
Potential scenarios if my equidistant channels hold...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 28 KB
Click to Enlarge Name: eurusd2.gif Size: 28 KB
  • #560,846
  • Nov 10, 2011 3:58pm Nov 10, 2011 3:58pm
Stop hunting triggering some stops upside, guess takes next a leg downside.

Bollinger bands are good to detect hunting in small frames.
They think they are smarter than I am.
  • #560,847
  • Edited 4:15pm Nov 10, 2011 3:58pm | Edited 4:15pm
Quoting factorof2
Morning everyone. Price stalled out below this area for the last few hours. Now going down, but still 40 minutes until the 1H candle closes. Think I'm going to step away and run some errands.
Aw man, missed that bump off of 1.3650 I was looking for earlier. That'll teach me not to put up a pending order and just let my manager take care of it. Well, not really missed it, just didn't enter like I should have.

Next time
  • #560,848
  • Nov 10, 2011 5:00pm Nov 10, 2011 5:00pm
I think that spike was hunting trades trying to take advantage of the swap at the change of day. There was 10 pip spread. Never seen that before.
  • #560,849
  • Nov 10, 2011 5:04pm Nov 10, 2011 5:04pm
Experienced traders would the current pennant forming on 5min or 30 be classed as having bullish bias.
  • #560,850
  • Nov 10, 2011 5:08pm Nov 10, 2011 5:08pm
I am trying to learn how to trade only on price action, but since I am a junior member I cannot start my trading journal yet.

Is it only me or is 1H the most flexible timeframe to trade?
  • #560,851
  • Nov 10, 2011 5:39pm Nov 10, 2011 5:39pm
Quoting BrusLi
Potential scenarios if my equidistant channels hold...
Seems like the 2nd scenario is the correct one.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.gif Size: 28 KB
  • #560,852
  • Nov 10, 2011 5:39pm Nov 10, 2011 5:39pm
Quoting aus777
Experienced traders would the current pennant forming on 5min or 30 be classed as having bullish bias.
Its a Bullish flag, will it break to the upside, remains to be seen.
Yay! Pips for everyone!
  • #560,853
  • Nov 10, 2011 5:41pm Nov 10, 2011 5:41pm
Quoting forexbench
I am trying to learn how to trade only on price action, but since I am a junior member I cannot start my trading journal yet.

Is it only me or is 1H the most flexible timeframe to trade?
Try the 15M one, but slightly zoomed out... as in my screenshots. I love this TF.

P.S. Even if you have a main TF to look on, don't forget about TF correlations.
  • #560,854
  • Nov 10, 2011 5:46pm Nov 10, 2011 5:46pm
Quoting forexbench
I am trying to learn how to trade only on price action, but since I am a junior member I cannot start my trading journal yet.

Is it only me or is 1H the most flexible timeframe to trade?
The simple answer is no, it's only you.

No time frame is "more flexible" than any other; which you trade depends on your trading style. If you look at the markets once a day over morning coffee, adjust your positions if necessary, and get on with life, you'll want to look at daily and weekly bars, with some attention to smaller time frames when making entries. On the other hand, if you're staring at the screen all day, executing a lot of trades, then you'll be interested in 5 minute bars.

My personal tradign style is that less is more. I'm more profitable when I gradually build positions on the larger time-frames. Currently I've been building short positions since 1.4000. Placed the first one on the 26th of October, had that top occur and was briefly in negative territory, for a day, and then the predicted pivot occurred and I've been adding equity ever since, but without too much screen-time. Thus, I tend to work with 4 hour bars. But every trader has a different style, so find yours and hone it. I like trading with price action (only) too, and don't use a single indicator. Don't need to.
Channeling profits from the fractal universe.
  • #560,855
  • Nov 10, 2011 5:49pm Nov 10, 2011 5:49pm
Quoting Wavesurfer
The simple answer is no, it's only you.

(...)
Wow, thanks for the answer. I am currently just marking the levels and slightly using bollinger bands to distinguish moments of possible fluctuations... that's it.
  • #560,856
  • Nov 10, 2011 5:57pm Nov 10, 2011 5:57pm
Quoting aus777
Experienced traders would the current pennant forming on 5min or 30 be classed as having bullish bias.
This particular formation is to me a mixed bag with an overall bearish implication. The formation is loose and sort of diamond-like.

Many times this kind of thing can break up to produce a weak bullish extension, and then get hit down hard. Or it can just break down from within its own confines.. What it tells me is that if there is an upward break then it may be a good opportunity to sell from a little higher.
Attached Image (click to enlarge)
Click to Enlarge Name: eudiamondsmall.jpg Size: 138 KB
  • #560,857
  • Nov 10, 2011 6:03pm Nov 10, 2011 6:03pm
Waiting for the PA to break the blue channel downside or the red channel upside. For bearish confirmation I may even wait for a red channel downside breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.gif Size: 23 KB
  • #560,858
  • Nov 10, 2011 6:53pm Nov 10, 2011 6:53pm
EURUSD broke my blue channel's bottom, and I just couldn't stand aside.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.gif Size: 24 KB
  • #560,859
  • Nov 10, 2011 6:55pm Nov 10, 2011 6:55pm
Nice charts (above).

I smell a breakout to the downside!
Channeling profits from the fractal universe.
  • #560,860
  • Nov 10, 2011 7:02pm Nov 10, 2011 7:02pm
Went long @ 1.3592. TP @ 1.3645
Time turns trend. - W.D. Gann
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