5min Trading / EURUSD / From LO

exit 13041
+30pips.

Taking the range from high to low yesterday..

12954 low
13064 high

average = 13009 and 50% of the range...

take high 13064 and t1=13023 and t2=12982
avg these and you get 13003

seem like a logical place for a low.

take last high 5min chart @ 13039 and look for a short t1= 13004

again everything linning up.

now I will measure last swing short 5min and see what comes up....

Range 13061 down to 13024 = 37 pips
high 13039 - 37 pips = yep 13002

so lots lining up here.

low currently 13011 and I will wait....

If I average the targets above I get 13005... just to be perfect.

So how close to 13005 will we get?

Long @ 13018

Looks like the 50% 13009 was the low...

Still might see the market go down to take out people that took the long... so I am prepared to see this head lower... stop under 13000....

SL 20-25 pips

http://i982.photobucket.com/albums/a...esdaytrade.jpg

tragets long from low...

As this trade is against the trend I willnot be holding for a large profit... 15-20 pips would be nice.

I have exited +5

Dont like the price action

13008 = T1=13035 high was 13030.
Sold at 13018

13030 high T1= 12998 T2=12965

I have taken profit +8
low now at 13006

Major divergance long on 5min... plus this level is strong
Did not want to hang on only to take a loss due to this strong level.

Market could go up or down and times like this I perfer to just take small profits.

If I get a long signal... i will jump in long... other wise I will be stand aside.

Ok... with the low at 13006 I am long at 13018...again... unreal same dam price.... anyway looking for this to move up.

Closed long for -14pips.
Should have stayed with the short.

anyway a bitch of a night trading... sideways shit.

right T1 hit at 12948
long alert in place.

long @ 12948

well my last long trade yesterday was a trade of frustration... major level broken and the market went lower than my alert level... so there was no long trade. But I went went long anyway... got out -10 which was a pisser.

anyway... forex factor was down for a while but I am short from 12958.

reason.. low 12933 T1=12966 ...high was 12967.. close enough and then I waited for macd confirmation and entered at 12958.

12967 short tragets are as follows..

T1= 12925
T2= 12884

also looking for a high using my previous ranges last range long was from 12924 up to 12956 = 32 pips

add 32 pips to the last low 12933 = 12965... yep thats 100% of the last range long. A nice setup for a short.

currently +11

ranges short...

100% = 12945 I expect price to pause here or a retrace and contine down.

Daily open next resistance level.. = 12933 also 150% last range short...

then T1= 12925

lets watch and see.





Ok.. the low was 12928... close enough

profit set at 12928 +30

I will exit if price action looks bad... other wise i will hang on..

stop as usual 20pips