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EURUSD

  • #645,561
  • May 21, 2012 10:56pm May 21, 2012 10:56pm
Quoting mohan76
you can find similar setup in previous years too
I AM SELL 1 27987 1lot sl 1 2823 tp heaps
If you are new to Forex? Say Goodbye to your account!!
  • #645,562
  • May 21, 2012 10:57pm May 21, 2012 10:57pm
Quoting KiwiTrada
I AM SELL 1 27987 1lot sl 1 2823 tp heaps
today zone 2800/12 ?
Mohan
  • #645,563
  • May 21, 2012 10:59pm May 21, 2012 10:59pm
[email protected]:1.2772..tp: 1.2810
It is possible to make large sums trading, small losses, large wins
  • #645,564
  • May 21, 2012 11:02pm May 21, 2012 11:02pm
Quoting omadivi
[email protected]:1.2772..tp: 1.2810
whats made you to buy right below psychological level ?
Mohan
  • #645,565
  • May 21, 2012 11:06pm May 21, 2012 11:06pm
Quoting mohan76
today zone 2800/12 ?
nope 2811 - 2817 2800 is asia marker
try get entry closest to 2800 sl above zone gotted 21 pips from open this morning 1 lot still @ 2815

but more interested brit prs tonight some good news should be some decent move
If you are new to Forex? Say Goodbye to your account!!
  • #645,566
  • May 21, 2012 11:15pm May 21, 2012 11:15pm
Quoting mohan76
whats made you to buy right below psychological level ?
The last M30 candle was bullish,stoch has crossed up M30..and I suspect we might see a new high before london closes..
It is possible to make large sums trading, small losses, large wins
  • #645,567
  • May 21, 2012 11:17pm May 21, 2012 11:17pm
For me today's entry should be short...not this one as it is heavily oversold...the price should go up inorder to fall down...
the right way is to break above 1.27973 and restest of 1.28101, failed from there should come back to retest 1.27860 for a down move <--- is the entry...
no bull for me today

There are two opinions in this world, Mine and the wrong one...
  • #645,568
  • May 21, 2012 11:17pm May 21, 2012 11:17pm
Quoting omadivi
The last M30 candle was bullish,stoch has crossed up M30..and I suspect we might see a new high before london closes..
i am with long view too (with caution) , usually psychological levels make pull back before break

edit : pa under pressure
Mohan
  • #645,569
  • May 21, 2012 11:19pm May 21, 2012 11:19pm
Thinking short unless PA suggests otherwise.
  • #645,570
  • May 21, 2012 11:21pm May 21, 2012 11:21pm
new trading day ...

- Look at the news calendar for today .... check
- Check what the market is doing on the higher TFs ... check
- Come down to the lower TFs .... check
- find the nearest support / resistance ... check
- then wait for patterns / price action around those areas ... loading
  • #645,571
  • May 21, 2012 11:23pm May 21, 2012 11:23pm
Quoting omadivi
The last M30 candle was bullish,stoch has crossed up M30..and I suspect we might see a new high before london closes..
sorry bro gotta agree with moyhan, to buy just below physc level is very high risk, you do have frankie in your favour she can go anywhere her is crazy market it may pay off, but is high risk entry
4hr is nice bear bars ll lh ll lh
indicators is only good for hint only is better in rubbish bin
If you are new to Forex? Say Goodbye to your account!!
  • #645,572
  • May 21, 2012 11:24pm May 21, 2012 11:24pm
Quoting kaiza
new trading day ...

- Look at the news calendar for today .... check
- Check what the market is doing on the higher TFs ... check
- Come down to the lower TFs .... check
- find the nearest support / resistance ... check
- then wait for patterns / price action around those areas ... loading
- make new deposit ... loading
  • #645,573
  • May 21, 2012 11:24pm May 21, 2012 11:24pm
an observation from Friday till today can you tell me what is about to happen next?

are we heading back to 265 or we have a minor retracement which should propel us to 2857

Attached Image (click to enlarge)
Click to Enlarge Name: screen_22052012_b.gif Size: 13 KB
  • #645,574
  • May 21, 2012 11:27pm May 21, 2012 11:27pm
my plan:

- at the moment we are between 1.28 and 1.2782 which ever support / resistance gets taken out i go in that direction simple as that so now we wait

- Also, the 5m shows a bounce of 1.2782 but current price action doesnt provide a clear direction
  • #645,575
  • May 21, 2012 11:35pm May 21, 2012 11:35pm
Quoting kaiza
my plan:

- at the moment we are between 1.28 and 1.2782 which ever support / resistance gets taken out i go in that direction simple as that so now we wait

- Also, the 5m shows a bounce of 1.2782 but current price action doesnt provide a clear direction
for newbies trying to trade off this playbook ... you need a proper understanding of what a breakout is... google it ... nuff said
  • #645,576
  • May 21, 2012 11:37pm May 21, 2012 11:37pm
Sold a little at 1.2795
  • #645,577
  • May 21, 2012 11:38pm May 21, 2012 11:38pm
Quoting GSGill
Sold a little at 1.2795
why it will pop back into 1.28
  • #645,578
  • May 21, 2012 11:38pm May 21, 2012 11:38pm
Quoting KiwiTrada
sorry bro gotta agree with moyhan, to buy just below physc level is very high risk, you do have frankie in your favour she can go anywhere her is crazy market it may pay off, but is high risk entry
4hr is nice bear bars ll lh ll lh
indicators is only good for hint only is better in rubbish bin
I'ill bear that in mind..
It is possible to make large sums trading, small losses, large wins
  • #645,579
  • May 21, 2012 11:39pm May 21, 2012 11:39pm
not sure about direction today, going to be patient looking for good spots. 20-30 pips is all I need.

but heres my chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart4.jpg Size: 286 KB
An opportunity lost is not a capital cost.
  • #645,580
  • May 21, 2012 11:40pm May 21, 2012 11:40pm
Quoting SnaveForex
why it will pop back into 1.28
4H TL in a downtrend
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