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  • #602,521
  • Mar 1, 2012 3:52pm Mar 1, 2012 3:52pm
Quoting Wulfgar
hey KW... u still lookin to buy more UCAD?

Im sittin on some shorts still... was lookin at 9807 for a possible exit and then concurrently some longs...

whats ur take bro?
I'm a little long now just for a pull back, but I have a bigger short @ 0.9890 and that has to go down to next support, 0.9760. From there it probably will be bigger long. But we'll see when we get there.
I'll post more tonight in the USD/CAD thread

http://www.forexfactory.com/showthre...18#post5435518
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  • #602,522
  • Mar 1, 2012 4:03pm Mar 1, 2012 4:03pm
Quoting KillerWhale
I'm a little long now just for a pull back, but I have a bigger short @ 0.9890 and that has to go down to next support, 0.9760. From there it probably will be bigger long. But we'll see when we get there.
I'll post more tonight in the USD/CAD thread

http://www.forexfactory.com/showthre...18#post5435518
im with you man... short for a couple weeks maybe then swing long
Don't have an ego. Always question yourself and your ability.
  • #602,523
  • Mar 1, 2012 4:19pm Mar 1, 2012 4:19pm
Total forex newbie here.

looking to go long from 1.3320

sl 1.3280
tp 1.3350
  • #602,524
  • Mar 1, 2012 4:20pm Mar 1, 2012 4:20pm
Quoting Patternz
I think i see a pattern again. Either a bearish pennant or symetrical triangle on 1hr. I think i'll go long at 13335 tp 1.3350. sl 1.3305. Beware i'm a noobie.

Hey wait....You are risking 30 pips to get 15 pips?
  • #602,525
  • Mar 1, 2012 4:25pm Mar 1, 2012 4:25pm
3250 support
  • #602,526
  • Mar 1, 2012 4:32pm Mar 1, 2012 4:32pm
Quoting Patternz
Same thing happened to me, looking to close them at 1.35.. May have to hold them for a little while till it traces back up.
But will the price go to 1.35? I don't know. I'm not sure anyone knows
  • #602,527
  • Mar 1, 2012 4:45pm Mar 1, 2012 4:45pm
Quoting harvman5
Total forex newbie here.

looking to go long from 1.3320

sl 1.3280
tp 1.3350
1, your sl = 40 pips, target = 30 pips.

Target should always be the same or better than the risk.

2, 1.3280 is a bad place for a stop. Stop should be UNDER support, not right ON the support. 1.3270 is better support.

Personally I would not take this trade at this moment. (Dead time)
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  • #602,528
  • Mar 1, 2012 5:03pm Mar 1, 2012 5:03pm
Like I said I'm a total newbie. Been trading for about month & have only been breaking even. I am still learning supply/demand. Most of my trades I have used the macd (8,13,1) on the 1h & 4h intervals & the stoch graph.
  • #602,529
  • Mar 1, 2012 5:05pm Mar 1, 2012 5:05pm
Quoting KillerWhale
1, your sl = 40 pips, target = 30 pips.

Target should always be the same or better than the risk.

2, 1.3280 is a bad place for a stop. Stop should be UNDER support, not right ON the support. 1.3270 is better support.

Personally I would not take this trade at this moment. (Dead time)
good morning guys, 9 more hours before london opens.

do you see a symmetrical triangle at 1 Hr?

or is it a pennant?
  • #602,530
  • Mar 1, 2012 5:12pm Mar 1, 2012 5:12pm
Quoting Alec
What I know is I still have long positions in the 1.34xx. All I do now is trying to get rid of them.

Next time buy AFTER a dip, not BEFORE. That's the whole point of trading. You don't buy when the price is HIGH.

At any rate, you got lucky, because the price is headed back up after this pullback.
  • #602,531
  • Mar 1, 2012 5:22pm Mar 1, 2012 5:22pm
1.3167
  • #602,532
  • Mar 1, 2012 5:25pm Mar 1, 2012 5:25pm
Quoting kibescorp
Next time buy AFTER a dip, not BEFORE. That's the whole point of trading. You don't buy when the price is HIGH.

At any rate, you got lucky, because the price is headed back up after this pullback.
That's not sure yet
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  • #602,533
  • Mar 1, 2012 5:30pm Mar 1, 2012 5:30pm
this is definitely going to 1.38 and then 1.40, you will not see this low prices again
  • #602,534
  • Mar 1, 2012 5:33pm Mar 1, 2012 5:33pm
Lets see how price will react to the 1hr 30 SMA and trendline from last 3 lower highs, when its going down from there its a sign for probably new lows.
  • #602,535
  • Mar 1, 2012 5:38pm Mar 1, 2012 5:38pm
Quoting staffpro
this is definitely going to 1.38 and then 1.40, you will not see this low prices again
IDIOT
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  • #602,536
  • Mar 1, 2012 5:38pm Mar 1, 2012 5:38pm
Presenting my case: Daily chart, negative with a possible divergence on certain indicators. Hourly chart. an almost imperceptible gap at 1.3167
Market doesn't like gaps.
EURO just plain sucks and should be at USD parity.
  • #602,537
  • Mar 1, 2012 5:42pm Mar 1, 2012 5:42pm
well my chart is saying: "wait for confirmation"
it can go further south or north

so I would stand aside on EURUSD for the moment
  • #602,538
  • Mar 1, 2012 5:45pm Mar 1, 2012 5:45pm
idk
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  • #602,539
  • Mar 1, 2012 5:48pm Mar 1, 2012 5:48pm
Quoting Mr.MaginCole
Hey wait....You are risking 30 pips to get 15 pips?
Well if im right the suport is about 1.3306 and the resistance is about 1.3327 so if it breaks 1.3327 to 1.3335 i figured thats a good entry point, and your suppose to put your stop a few pips below support so i estimated. I caught a pennant the other day but i didnt put my sl a few pips above but instead right on the line, it hit the suport and took me out. If i had just a few more pips sl i would have made a nice 50pip profit at least. I will close half my position at 15pips and if it goes higher ill close then.
  • #602,540
  • Mar 1, 2012 5:50pm Mar 1, 2012 5:50pm
Happens sometimes to me too, little spikes above support or resistance that activate the SL before its getting to the right direction, but i like small SL's even its risky.
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