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  • #10,241
  • Jan 27, 2012 2:23am Jan 27, 2012 2:23am
Quoting Pandamonium
looks like we will retrace

targets for audusd: 1.0593 / 1.0565 / 1.0536
targets for eurusd: 1.3086 / 1.3056 / 1.3027
I'm indeed a talking panda. How are you?
  • #10,242
  • Jan 27, 2012 2:23am Jan 27, 2012 2:23am
Prev Resistance Now Support

Entry was on lower TF.........
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  • #10,243
  • Jan 27, 2012 2:29am Jan 27, 2012 2:29am
Great Chart
Indeed 1.308 is now (strong) support

Quoting Munal
Prev Resistance Now Support

Entry was on lower TF.........
  • #10,244
  • Jan 27, 2012 2:38am Jan 27, 2012 2:38am
First i want to thank you all for this great thread. I am reading it all and learning it all. I am at forex for 2 years, this is my first year live and ... stil a lot of questions. I am trying to build up a system that works for me. Is it working, yes and no. For instance today i went long at the first spike up at 1.3113 SL at the low off the box 1.3080. PA completely retraced my trade and out at sl. I reentered at 1.3105 and regained my loss, i closed half at 1.3138, the other half is still open with sl +10.
Like now my question is, what did i do wrong with my first entry long ? Price came out off that box and i took it. How do you handle those area around 1.3134. Thanks.
Ichi settings are 5,22,44, range bars 10
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  • #10,245
  • Jan 27, 2012 2:44am Jan 27, 2012 2:44am
Quoting Munal
Prev Resistance Now Support

Entry was on lower TF.........
given it's a Friday and the wicks down there i don;t think 1.308 is closed for today. Weak chance for new yearly high today, just some more ping-pong.
  • #10,246
  • Jan 27, 2012 2:50am Jan 27, 2012 2:50am
I tend to agree 3080 is a support now. If it was mid-week, we could be 80 % sure of todays target

Now...if u look at projected London levels 3157 should be the top.. London will take profits soon, preparig for NY session
  • #10,247
  • Jan 27, 2012 2:53am Jan 27, 2012 2:53am
Quoting huskyboy
For instance today i went long at the first spike up at 1.3113 SL at the low off the box 1.3080. PA completely retraced my trade and out at sl. I reentered at 1.3105 and regained my loss, i closed half at 1.3138, the other half is still open with sl +10.
Like now my question is, what did i do wrong with my first entry long ? Price came out off that box and i took it. How do you handle those area around 1.3134. Thanks.
Ichi settings are 5,22,44, range bars 10
First, get a clear chart so you can see PA. Too many indicators get you confused.
Use normal - live timeframes and range bars for analysis.
Now for the entry, what time was that? first spike today is at 3 am in Asia.
  • #10,248
  • Jan 27, 2012 2:54am Jan 27, 2012 2:54am
Quoting huskyboy
First i want to thank you all for this great thread. I am reading it all and learning it all. I am at forex for 2 years, this is my first year live and ... stil a lot of questions. I am trying to build up a system that works for me. Is it working, yes and no. For instance today i went long at the first spike up at 1.3113 SL at the low off the box 1.3080. PA completely retraced my trade and out at sl. I reentered at 1.3105 and regained my loss, i closed half at 1.3138, the other half is still open with sl +10.
Like now my question is, what did i...
I will need some time to look at your chart and analyze the trade. Will do it later in the day...
  • #10,249
  • Jan 27, 2012 3:00am Jan 27, 2012 3:00am
Closed part 3159 ( reason-projected top)

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Retrace possible.
  • #10,250
  • Jan 27, 2012 3:11am Jan 27, 2012 3:11am
You see how the price stalled..Exactly at projected bullish top..and retraced a bit.
  • #10,251
  • Jan 27, 2012 3:18am Jan 27, 2012 3:18am
Quoting T@rantula
You see how the price stalled..Exactly at projected bullish top..and retraced a bit.
good job!

i'm in with small s @ 3151
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  • #10,252
  • Jan 27, 2012 3:35am Jan 27, 2012 3:35am
Quoting huskyboy
First i want to thank you all for this great thread. I am reading it all and learning it all. I am at forex for 2 years, this is my first year live and ... stil a lot of questions. I am trying to build up a system that works for me. Is it working, yes and no. For instance today i went long at the first spike up at 1.3113 SL at the low off the box 1.3080. PA completely retraced my trade and out at sl. I reentered at 1.3105 and regained my loss, i closed half at 1.3138, the other half is still open with sl +10.
Like now my question is, what did i...
as it looks to you simple question but answering is very complicated .


you said you are trading for 2 years and demoing for 1 year . by now trading should be a procedural thing . buying and selling is just a routine weather it went in your favor or not . you won't feel bad losing and you wont feel excited wining .
just doing your ordinary daily stuff .

I have no idea what is your strategy or what style of trader are you and how you perceive PA .

so actually I can't comment much on your entry point ,TP and SL.

I for example trade swing and mid term trades others scalp 10 pips or so , others aim for 30-50 . and some make 3-4 trades a year !

and each trader has his own set of rules , either mentally or written . even two traders trade same style enter in different prices and exit in a different way weather both were swing traders or scalpers ...etc.

so if I said your SL should have been lower or the entry should have been lower , it might not correspond to your style . and you could interpret it as a wrong decision or advise , but what is wrong or right is actually the difference in viewing the market and what makes the market, and its what drives both parties " sellers and buyers " to act in every pip .

you bought because you found a seller to sell to you and if we all see the same thing there wont be a market .

if your question was about a pattern or something that has a common known answer it would have been much easier to answer it .

but placing stops , TPs , Entries . is unique by each individual .

but for the sake of trying to answer I would comment only on the SL to be @ 1.3073 instead of 1.3080 which was the low of yesterday based on a break out trading and trying to catch an up move without breaking a low .

I won't do it , and this is not how I trade , but just a comment on how I saw your trade
I SEE YOU !!
  • #10,253
  • Jan 27, 2012 4:37am Jan 27, 2012 4:37am
my plan is quiet simple, i make a box the first hour of London, i fib the box, i try to get in at box breakouts or at 50level, i look for divergences MACD and PA against both KS 22 (blue) and KS 88 (darkblue). Today (and yesterday) there was bullish divergence, PA above KS 22 so looking for long entry. I try to stay in the trade as long as possible looking for S/R at the ichimoku components ( i dont trade according the ichi rules) and adjusting the fibs to the new highs/lows . And off course i look at all there is said in this thread

dbfusion thx for the reply and indeed i need to work on my SL. Just like today i got out on my first trade yesterday placing the SL on the other side off the box and just like today my second entrance was the good one. So how do determine wether there's a fals breakout or not.

prezd thx for the reply. I do look at normal charts, pivots, fibs, tl, s/r .... See my first entry on the chart.
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  • #10,254
  • Jan 27, 2012 5:59am Jan 27, 2012 5:59am
Quoting huskyboy
my plan is quiet simple, i make a box the first hour of London, i fib the box, i try to get in at box breakouts or at 50level, i look for divergences MACD and PA against both KS 22 (blue) and KS 88 (darkblue). Today (and yesterday) there was bullish divergence, PA above KS 22 so looking for long entry. I try to stay in the trade as long as possible looking for S/R at the ichimoku components ( i dont trade according the ichi rules) and adjusting the fibs to the new highs/lows . And off course i look at all there is said in this thread ...
as long as you make $$ on the long term with it then keep on doing it .

for me I cant even understand it

I am little skeptical about the uptrend at these levels and was looking to sell .
I didn't sell EUR , but sold AUDUSD "in Demo " trying dukas jforex since yesterday .

almost still in vacation
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I SEE YOU !!
  • #10,255
  • Jan 27, 2012 6:30am Jan 27, 2012 6:30am
Sometimes i feel like FED and Central Banks collect the info from brokers and Play with it
  • #10,256
  • Jan 27, 2012 6:37am Jan 27, 2012 6:37am
Bought back at 1.311. Manually monitoring. Rejection of USD @ 79.53, Yeepeee!!!!
  • #10,257
  • Jan 27, 2012 6:40am Jan 27, 2012 6:40am
PS: I monitored USDX and was having a close look at
EUR/USD on M30, with tight SL: 1.309

If USDX breaks 79.27, we may well see new highs today (3217)
Need to clear 1.315 zone first though

We have FOMC speech coming up shortly...
I have moved my SL at BE...
  • #10,258
  • Jan 27, 2012 6:42am Jan 27, 2012 6:42am
Quoting egkid
Sometimes i feel like FED and Central Banks collect the info from brokers and Play with it
the retail must lose .
that's the game buddy
I SEE YOU !!
  • #10,259
  • Jan 27, 2012 7:04am Jan 27, 2012 7:04am
Quoting dbfusion
the retail must lose .
that's the game buddy
Do u know what make me nerves ..closing like this open the door for 1.33xx
well ... i will wait some more H and check
  • #10,260
  • Jan 27, 2012 7:13am Jan 27, 2012 7:13am
Quoting egkid
Do u know what make me nerves ..closing like this open the door for 1.33xx
well ... i will wait some more H and check
remember my post few days ago about 1.33 ? when i didn't get my second cup of coffee

but any how the up move is getting weaker .
if we stay in this area another day or two then it still can go up

if we break today below 1.3070 then it might continue further 150 - 200 pips to the down side .


but it needs to break very soon . jut to prove the pressure is strong.
I SEE YOU !!
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