EurAnalysis | Page 1472 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #29,421
  • May 7, 2012 8:27pm May 7, 2012 8:27pm
Forgot to draw one trend line, same chart as above except with an up trend line added
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart1.jpg Size: 149 KB
An opportunity lost is not a capital cost.
  • #29,422
  • May 7, 2012 8:30pm May 7, 2012 8:30pm
Back in other half at 3041
An opportunity lost is not a capital cost.
  • #29,423
  • May 7, 2012 8:42pm May 7, 2012 8:42pm
Forgot one last trend line, sorry for all the spam.. lol
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart1.jpg Size: 149 KB
An opportunity lost is not a capital cost.
  • #29,424
  • May 7, 2012 8:50pm May 7, 2012 8:50pm
Quoting BFSGcapital
Forgot one last trend line, sorry for all the spam.. lol
no worries, price is coming to touch your blue line of the bollinger bottom
  • #29,425
  • May 7, 2012 9:00pm May 7, 2012 9:00pm
yeah, im out again half at 3033, close to daily pivot. but 3010 does seem like a good target. i feel like asia needs to save something for london, unless we are just going down to 1.295 again.

cant wait for euro stocks be open again , maybe we get more blood bath and test 1.295 again
An opportunity lost is not a capital cost.
  • #29,426
  • May 7, 2012 9:06pm May 7, 2012 9:06pm
Quoting BFSGcapital
yeah, im out again half at 3033, close to daily pivot. but 3010 does seem like a good target
Lets see how it goes in UK Open, expecting retest @ 1.2960. Time will tell. Have patience till then.
  • #29,427
  • May 7, 2012 9:19pm May 7, 2012 9:19pm
You are right this probably has more room to run (before main sessions i mean) I'm just scared of the daily pivot plus 1.3022 is decent support

I just need to trust in these EMAs though... price hits them to the number then continues the move. this is amazing
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart1.jpg Size: 160 KB
An opportunity lost is not a capital cost.
  • #29,428
  • May 7, 2012 9:28pm May 7, 2012 9:28pm
i'm aiming for 1.301 (50%) before looking to re enter at a retrace and hopefully into the 1.29x's by london

been slowly scalping this down since 1.306ish, slowly increasing position in an effort to save some dumb entries from before

took the latest trade off a rejection from 23.6% with stochs crossed down
Attached Image (click to enlarge)
Click to Enlarge Name: euro2.jpg Size: 135 KB
  • #29,429
  • May 7, 2012 9:41pm May 7, 2012 9:41pm
I'm cautious here, decent bounce off of daily pivot. I'm still 2/3 short but I will re enter other 1/3rd short again if daily pivot breaks, only about 5 pips off where i got out.
An opportunity lost is not a capital cost.
  • #29,430
  • May 7, 2012 9:41pm May 7, 2012 9:41pm
30.10 to 30.20 area do-able over night. imho.
(He who knows everything knows nothing!)
  • #29,431
  • May 7, 2012 9:46pm May 7, 2012 9:46pm
BSFG it's clearly heading lower as you can see on from your charts. The price/action is playing catch up from today upthrust which seems to be short lived. The smart traders shorted the rally. IMHO that's teh way to play this. All rallies hsould be shorted while the chart push down.( as they are).
(He who knows everything knows nothing!)
  • #29,432
  • May 7, 2012 9:48pm May 7, 2012 9:48pm
Yup I got 3063

But if its going to bounce higher here (to give London something to do) then Ill look to get a better short, but i only closed 1/3 of my position near daily pivot

I have some obsession with taking profit.. lol. but i always re enter if the price moves back to where I took profit at

Edit: many were waiting for higher levels than this to get short
An opportunity lost is not a capital cost.
  • #29,433
  • May 7, 2012 9:51pm May 7, 2012 9:51pm
That's a great way to trade. Remember no-on ever commited suicide taking profits! And all profits add up. Hence even if they are small. I tend to add to winners and cut the loser's. Meaning I don't average down and if I see I did the wrong trade, I exit ASAP. Cuts the losses.
(He who knows everything knows nothing!)
  • #29,434
  • May 7, 2012 9:54pm May 7, 2012 9:54pm
Quoting BFSGcapital
Yup I got 3063

But if its going to bounce higher here (to give London something to do) then Ill look to get a better short, but i only closed 1/3 of my position near daily pivot

I have some obsession with taking profit.. lol. but i always re enter if the price moves back to where I took profit at

Edit: many were waiting for higher levels than this to get short
Actually, 3063 is a perfect entry for atleast 50 + pips, can extended to 100 pips. On the above of this price there will be buyers to pull the price to 1.3080, 1.3120 and 1.32xx level. Have patience
  • #29,435
  • May 7, 2012 9:56pm May 7, 2012 9:56pm
Quoting stormstopper
That's a great way to trade. Remember no-on ever commited suicide taking profits! And all profits add up. Hence even if they are small. I tend to add to winners and cut the loser's. Meaning I don't average down and if I see I did the wrong trade, I exit ASAP. Cuts the losses.
Yeah I definitely agree cut the losses very quick. and it doesnt seem to want to break this daily pivot yet

my short at 063 with 5 pip stop only risked 0.5% capital. but 50 pip move would give 5% return.

i never risk moire than 1% on a trade
An opportunity lost is not a capital cost.
  • #29,436
  • May 7, 2012 9:59pm May 7, 2012 9:59pm
Quoting BFSGcapital
Yeah I definitely agree cut the losses very quick. and it doesnt seem to want to break this daily pivot yet

my short at 063 with 5 pip stop only risked 0.5% capital. but 50 pip move would give 5% return.
tasty R:R!
  • #29,437
  • May 7, 2012 10:08pm May 7, 2012 10:08pm
Quoting BFSGcapital
Yeah I definitely agree cut the losses very quick. and it doesnt seem to want to break this daily pivot yet

my short at 063 with 5 pip stop only risked 0.5% capital. but 50 pip move would give 5% return.

i never risk moire than 1% on a trade
Pivot is the point where price tends to come and decide the next move. You now can concentrate on breaking the Support which is around 1.3010 area.
  • #29,438
  • May 7, 2012 10:13pm May 7, 2012 10:13pm
Quoting rekon67
Pivot is the point where price tends to come and decide the next move. You now can concentrate on breaking the Support which is around 1.3010 area.
Why1.3010 and not 1.30? And 1.302 should be good for at least 8-10 pip bounce or so.


And yes so it's deciding the next move, so when it breaks I will go short the other 1/3 of my position again

Thanks for all your help, I truly appreciate it. I love to learn
An opportunity lost is not a capital cost.
  • #29,439
  • May 7, 2012 10:14pm May 7, 2012 10:14pm
Whats up guys, somebody short? I was a for dont take it
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #29,440
  • May 7, 2012 10:25pm May 7, 2012 10:25pm
Added the 1/3 back short again at 3028. Didn't work out as planned! Got back in a few pips worse than the TP.

just need to walk away from the computer and let this sucker ride until London, i need a break anyway..

See you all in a few hours im sure
An opportunity lost is not a capital cost.
11 traders viewing now