sory my mistake 
Actually its 160 pips
- #6,682
- Feb 24, 2012 9:10am Feb 24, 2012 9:10am
forget what I said,
today donīt exist resistances for eurusd
today donīt exist resistances for eurusd
hi my friends,
be careful with the longs in eurusd.
we have nearly one possible resistance 1.3430/35 - 50% fibo retrace from daily 1.4245 - 1.2622.
and it's friday - everything is possible...
- #6,686
- Feb 24, 2012 9:23am Feb 24, 2012 9:23am
the audusd is strange today... isnīt it !?
- #6,688
- Feb 24, 2012 9:40am Feb 24, 2012 9:40am
i only close the trade when market "says" for close, i donīt care with fridays or weekends ... and i trade about 7 years.
in this years one thing i learn, trust in my experience not in "myths"
the only scare i have is trade in M1 or M5
perhaps because of this that I am not able to adapt to symphonie, because i'm trading in M5.
in this years one thing i learn, trust in my experience not in "myths"
the only scare i have is trade in M1 or M5
perhaps because of this that I am not able to adapt to symphonie, because i'm trading in M5.
it will kick, give it 8H + weekend gap or monday asian. EU has made its move, likely to follow. its always like that.. il bet my..... 2 dried leaves of angel's trumpet!
- #6,689
- Feb 24, 2012 9:41am Feb 24, 2012 9:41am
Scary and heavy uptrend, TP2 reached for 58 pips.
i know im pathetic, 10pips, 2 hours
but il be better... soon.EDIT: sorry, currently looking at AJ. Just observing...
- #6,690
- Feb 24, 2012 9:46am Feb 24, 2012 9:46am
you are right,
the more it rises, the more he falls
and i'm waiting...
the more it rises, the more he falls
and i'm waiting...
if that H1 bar closes with a very long tail, im sure you can bag additional 10pips in 1-2 hours.
i know im pathetic, 10pips, 2 hours
- #6,691
- Feb 24, 2012 9:51am Feb 24, 2012 9:51am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
With the break of the down channel last week the EURUSD has made a very nice run up to the 1.33500 mark where it appears to be stalling. Now that this movement appears to be stalling it gives one a chance to look at the overall structure and make some assumptions.
The price action has formed a very nice ascending wedge pattern that is a Bearish pattern so we can look for a turn in the EurUsd soon based on the structure of the wedge formation. This reversal could very possibly be in the form of a double top where we have two equal levels and price...
It is amazing how from a pattern analysis and technicals can all be proven wrong
by a simple statement from a central bank 
. With the hawkish statements of the rate hold by the ECB and the talk of possible rate hikes in the future; the Euro gains new lifes and zooms up outside the ascending wedge pattern from my previous post #6605. First, the double tops did not hold as price action rose to the very top of the ascending wedge and for 11 hours stayed right at the top. (breaking my 30 pips rules from previous post) Then came the annoucement and forcasts of the ECB (the economy is great!...sure it is) and the possibility of future rate hikes and BOOM.....euro rallies another 100 pips straight up!!!
Man do I feel stupid now....
But the market does what the market does and there is nothing that anyone can do about it; one must adapt and move on....
With theses changes and breakdown in patterns it now turns focus on to the daily channel where the top sits at 1.35900...Yep you guessed it....I now think the euro has the possiblility to move the Euro to up!!! and not down. Unfortunatley, with all technical analysis you cannot predict unseen market events (i.e. news) that can change the entire dynamic of the market. (i.e. Central Bank decisions)
Moving on...
Now with the ascending wedge pattern broken; I am forced to reassess and adapt to the new market dynamics and look again to technical analysis (plus Symphonie Signals) to tell me the next levels of opportunities. I would thread very carefully as Stochastics on daily point to overbought on the Euro and this last rally could be a false break and then a quick reversal. Until clear patterns develop then I am happy to sit and watch. I much prefer to let the market come to me and fit my conditions than chase price action and loose pips. So until things move in my favor I am happy to stay on the sidelines until the market chooses to give me some pips.
Evalautor.:nerd:
- #6,696
- Feb 24, 2012 10:20am Feb 24, 2012 10:20am
- Joined Mar 2011 | Status: Trader | 1,886 Posts
Just came back in to find another EU taken profit at 1.34644, that was a bit more risky but its Friday after all and I did have to test the signaller
Edit take no notice of the stop loss line there, thats left over from something else I think
Edit take no notice of the stop loss line there, thats left over from something else I think
- #6,697
- Feb 24, 2012 10:22am Feb 24, 2012 10:22am
eeeek! there must be something wrongbelow is how my signaler looks like. (its now clean coz the prices have been achieved.
pro4ex trading suite
- #6,699
- Feb 24, 2012 10:29am Feb 24, 2012 10:29am
yelena in your template in signal indicator trendline setting is cci 20 atr 5 is that correct,maybe is good for 1h but in 5min timeframe we will get too many false signal can you explain ?
i will only take M5 signal that is opposite the H1 signal, if and only if H1 bar closed with an obvious long tail or as a pin bar opposite the H1 trend.