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Attachments: S/D Zones, risk ratio = 3
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S/D Zones, risk ratio = 3

  • #121
  • Jul 23, 2012 4:33am Jul 23, 2012 4:33am
Quoting landre
First trade of the week :

EURUSD

Buy @1.2087
SL 1.2073 Below this 1.208x zone.
TP 1.2140 I will follow the first reaction to the 1.2110

SL will be moved to BE quickly.
SL moved to BE, not far from being stopped..we need a break of the 1.2106 to get higher (1.2118).

Equities are not looking good at all...currently making new low.
  • #122
  • Jul 23, 2012 8:07am Jul 23, 2012 8:07am
Quoting landre
EURUSD

Buy @1.2087
SL at BE
TP 1.2140
Stopped at BE : 0 pip.

Top of this move up : 1.2138 not far from my TP..

EURUSD
Sell @1.2088 (on the retest after the first break)
SL 1.23
TP : 1.2045
  • #123
  • Jul 23, 2012 9:16am Jul 23, 2012 9:16am
Quoting landre
EURUSD
Sell @1.2088 (on the retest after the first break)
SL 1.23
TP : 1.2045
I closed it at BE, choppy market.
  • #124
  • Jul 23, 2012 9:53am Jul 23, 2012 9:53am
Finally last trade for today :

EURUSD
Buy @1.2094 : I entered on the first fake break of the 1.2091..(5min chart)
SL moved to BE
TP 1.2150

I will cover some if we reach the top of this morning. Is NY going to make a new high ?
  • #125
  • Jul 24, 2012 1:35am Jul 24, 2012 1:35am
Quoting landre
Finally last trade for today :

EURUSD
Buy @1.2094 : I entered on the first fake break of the 1.2091..(5min chart)
SL moved to BE
TP 1.2150

I will cover some if we reach the top of this morning. Is NY going to make a new high ?
NY made new high but did not reach my TP (5 pips..). I closed this trade at 1.2134 : +40 pips.

Chart EURUSD for today..fundamental news are not good at all for the eurozone (Moody's about Germany possible downgrade).

I have just opened a trade..

EURUSD
Buy @1.2110
SL 1.2095
TP 1.2145

It does not look good at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1h 2012.07.24.png Size: 76 KB
  • #126
  • Jul 24, 2012 10:27am Jul 24, 2012 10:27am
Really bad day today :

5 trades, 5 losers : - 78pips.

A quick chart of the EURUSD with my trades..I lack of patience, some entries were okay (1st, 2nd and 4th) but I was expecting a big wave up at least to the previous high so I did not move my SL to BE as I should have done because in fact all those trades were counter trend ones.
I don't use enough my S/D zones (orange/blue zones on the chart) and after 2-3 losses I should stop trading. I have already experienced that kind of day and rarely I'm doing good after 2-3 losers so better to wait for tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: 2407.png Size: 60 KB
  • #127
  • Edited Jul 25, 2012 1:40am Jul 24, 2012 11:44am | Edited Jul 25, 2012 1:40am
Finally last trade for today

EURUSD
Sell @1.2084 : 5min chart break of the 1.2085 and then retest, I shorted the retest
TP 1.2047

TP hitted : +37 pips.

Half of my loss recovered so today -41 pips.

See you tomorrow, I need to update my S/D zones with this break.
  • #128
  • Jul 25, 2012 1:40am Jul 25, 2012 1:40am
Hello guys,

I have already an opened position.
Yesterday, I set a pending order at 1.2074 (look at the chart) and it got triggered.

EURUSD
Sell @1.2074
SL 1.2082
TP 1.2050

I would like to reduce my risk and so my SL.

The 1.2045 level from the past worked well yesterday, maybe next one could be around 1.2020 and then 1.1990 (same chart than monday, I have juste added the 1.2020 level.).

PS : I realized that I made some typo in the previous posts (1.21 instead of 1.20)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 1h 2012.07.25 Comment.png Size: 71 KB
Click to Enlarge Name: eurusd 1h 2012.07.25 old.png Size: 55 KB
  • #129
  • Jul 25, 2012 3:21am Jul 25, 2012 3:21am
Quoting landre
EURUSD
Sell @1.2074
SL 1.2082
TP 1.2050
SL hitted on the news.. -8 pips.

I bought on the german news, 1.2076 worked well but I waited for seing if it was really going to bounce from there and then I bought.

EURUSD
Buy @1.2092
SL moved to BE now
TP 1.2145 : previous high, if the move is strong I could let it go to the 1.216x.
  • #130
  • Jul 25, 2012 6:08am Jul 25, 2012 6:08am
Quoting landre
SL hitted on the news.. -8 pips.

I bought on the german news, 1.2076 worked well but I waited for seing if it was really going to bounce from there and then I bought.

EURUSD
Buy @1.2092
SL moved to BE now
TP 1.2145 : previous high, if the move is strong I could let it go to the 1.216x.
Finally closed at 1.2161 : +69 pips.

Maybe it will go higher during NY session, my next supply level is around the 1.218x and then 1.223x.
  • #131
  • Jul 26, 2012 10:29am Jul 26, 2012 10:29am
Sorry no chart today..I was busy.

I took a short @1.2145 this morning, I was targeting the 1.2105, fortunately I have my moved my SL to BE and I got stopped out with Draghi's speech.

Nothing else, the pair went through all my supply levels until the previous high 1.2330.

At the moment, it looks like there are three levels on the downside : 1.2288, 1.2265 and then 1.2235. Upside we have the 1.233 and then 1.236x.
It's a bit messy.
  • #132
  • Jul 30, 2012 1:43am Jul 30, 2012 1:43am
Hello guys,

Last week : +69 pips it's okay but I completely miss the move of Thursday and Friday.

Quote
At the moment, it looks like there are three levels on the downside : 1.2288, 1.2265 and then 1.2235. Upside we have the 1.233 and then 1.236x.

The pair has reached these two targets but we did not close above (I mean daily close).

So new chart, atm we are stuck in a 10 pips range (1.2283-1.2295). Below this 1.2283 I got the 1.2253 as the next demand level.

I am waiting for London Open, I don't have any pending orders set yet.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1h 2012.07.30.png Size: 70 KB
  • #133
  • Jul 30, 2012 2:38am Jul 30, 2012 2:38am
EURUSD

Sell @1.2287
SL 1.2302 : above the previous high around 1.2296 (range of this night)
TP 1.2253 : my next demand level

The 1.228x have been breaking before London opening so I short the retest of this zone.

It looks like the 1.2270 is currently holding. Let's see what happens.
  • #134
  • Edited 4:34am Jul 30, 2012 4:21am | Edited 4:34am
Quoting landre
EURUSD

Sell @1.2287
SL 1.2302 : above the previous high around 1.2296 (range of this night)
TP 1.2253 : my next demand level

The 1.228x have been breaking before London opening so I short the retest of this zone.

It looks like the 1.2270 is currently holding. Let's see what happens.
Finally broken, I have just closed my trade at 1.2257 : +30 pips.
I moved my TP to 1.2257 because of the first rejection of the 1.2255 (+spread = 1.2257) so I did not want to take a risk for 4 pips and miss a winner.

EDIT : now we are in a new range 1.2255-1.2270, if the 1.2270 is holding as a supply level, the pair could make a new low.

EDIT : I did not draw any level between 1.2160 and 1.2252 on my chart but the old 1.2230 could be the next demand level (below the 1.225x). During the move up of the 26th July, one could see it on the 5m chart. The 1.2226 was the first rejection (only 20 pips but it's a retracement).
  • #135
  • Edited 7:52am Jul 30, 2012 7:41am | Edited 7:52am
Quoting landre
Finally broken, I have just closed my trade at 1.2257 : +30 pips.
I moved my TP to 1.2257 because of the first rejection of the 1.2255 (+spread = 1.2257) so I did not want to take a risk for 4 pips and miss a winner.

EDIT : now we are in a new range 1.2255-1.2270, if the 1.2270 is holding as a supply level, the pair could make a new low.

EDIT : I did not draw any level between 1.2160 and 1.2252 on my chart but the old 1.2230 could be the next demand level (below the 1.225x). During the move up of the 26th July, one could see it on the 5m chart....
Reached.

I lost some pips 2h ago on the EURUSD.
I sold at 1.2264 with SL @1.2275, I have been stopped out : -11pips.
Then EURUSD moved down to 1.2226, my SL was not too tight but I have been too impatient for my entry, I should have waited a bit more.

Pending order set:

EURUSD
Sell @1.2249 : m5 chart looks like the break ("swap") level.
SL @1.2265 : above the demand level of this morning 1.225x.
TP 1.2185 : next demand level I think but I will keep an eye on the 1.2226.
  • #136
  • Edited 10:11am Jul 30, 2012 9:52am | Edited 10:11am
Quoting landre
EURUSD
Sell @1.2249 : m5 chart looks like the break ("swap") level.
SL @1.2265 : above the demand level of this morning 1.225x.
TP 1.2185 : next demand level I think but I will keep an eye on the 1.2226.
Got triggered at 1.2250, I have moved my SL to 1.2270 because I realised that my entry was not really good. In fact, there was a first level @1.2246 (not 49) and so then with NY a good entry would have been the 1.2257 (key level of this morning). Anyway, I'm in and I would like to see a 1h close below 1.2245 to be more confident.
  • #137
  • Jul 31, 2012 1:35am Jul 31, 2012 1:35am
Quote
EURUSD
Sell @1.2249
SL @1.2270
TP 1.2185
SL hit during the Asian session : -20 pips. Not a good entry on this one (1.2257 was the good one). I was too confident that NY was going to make a new low or at least retest the 1.2226.

1.2257 is still the key today, above we have the 1.228x and below 1.222x-30.

I took a long here :
EURUSD
Buy @1.2260 : the 1.2257, I can't be sure it will hold but well let's try.
SL 1.2250 : below the 1.2257, I don't want to risk a lot.
TP 1.2285 : top of the Asian session.

EDIT : 1.2270 and 1.2276 are the first fences above.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1h 2012.07.31.png Size: 70 KB
  • #138
  • Jul 31, 2012 3:05am Jul 31, 2012 3:05am
Quote
I took a long here :
EURUSD
Buy @1.2261 : the 1.2257, I can't be sure it will hold but well let's try.
SL 1.2250 : below the 1.2257, I don't want to risk a lot.
TP 1.2285 : top of the Asian session.

EDIT : 1.2270 and 1.2276 are the first fences above.

1.2276 did not hold on the retest. I sold everything at 1.2268 + 7 pips. It looks like the pair has broken the 1.2257.

EURUSD
Sell @1.2254
SL 1.2270
TP 1.2185 : first level 1.2230

I am afraid to miss the move so my entry is not that good (it looks like I sell a demand level..) maybe there will be a retest of the 1.226x I don't know.
  • #139
  • Jul 31, 2012 7:29am Jul 31, 2012 7:29am
Quote
1.2276 did not hold on the retest. I sold everything at 1.2268 + 7 pips. It looks like the pair has broken the 1.2257.

EURUSD
Sell @1.2254
SL 1.2270
TP 1.2185 : first level 1.2230

I am afraid to miss the move so my entry is not that good (it looks like I sell a demand level..) maybe there will be a retest of the 1.226x I don't know.

I sold the bottom : - 16 pips.

I took a long after this loss
EURUSD
Buy @1.2271
SL moved to BE
TP 1.2330 : it looks like today there is no momentum in the moves because everyone is waiting for the big news coming at the end of the week (Fed, BCE, NFP) so this target could be too optimistic.
  • #140
  • Jul 31, 2012 7:54am Jul 31, 2012 7:54am
Quoting landre
I sold the bottom : - 16 pips.

I took a long after this loss
EURUSD
Buy @1.2271
SL moved to BE
TP 1.2330 : it looks like today there is no momentum in the moves because everyone is waiting for the big news coming at the end of the week (Fed, BCE, NFP) so this target could be too optimistic.
Closed manually at 1.2310 : +39pips. I was a bit afraid so I did not wait for my TP to be reached but it looks like it keeps going higher.

The next level is 1.2326 from Friday evening and above 1.2351.

1.2311 may be retested (previous high of this week).
EDIT : finally it looks like nobody cares about this 1.2311 , the pair is currently testing the previous high of this morning.
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