E.&O.E. | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Trade & Trader Idea, Concept & Circumstances 26 replies

Long term, Low yielding "safe" forex investing 3 replies

Exporting & importing Global variables to CSV Files 3 replies

GBPJPY Top & EJ 3 replies

Attachments: E.&O.E.
Exit Attachments

E.&O.E.

  • #121
  • Jul 22, 2012 2:57pm Jul 22, 2012 2:57pm
Quoting Forexcube
#108

Targets:
@ 1.2467 (5x), see #118, please.
@ 1.2513 (2x), see #118, please.
@ 3 optional
Nice new thread FC
I have been looking for this setup from past one month. Frankly i am very disappointed with Friday's continuation .. Now with iVAR reading of .485 indicates that chances of reversal have been reduced a lot.
As per IVAR a reading around .5 is a random chance, <.4 a good chance for reversal and >.6 signifies continuation.
I am also long from 1.2230 and will be adding to position but now my faith in this trade have lost... Especially after we are expecting a gap open down 50 pips and break of 1.2135-50
what is your take on SL
Regards and Best of luck
Attached Image (click to enlarge)
Click to Enlarge Name: euraud- daily.gif Size: 16 KB
There are no right and wrong decisions......Only timely decisions
  • #122
  • Jul 22, 2012 3:09pm Jul 22, 2012 3:09pm
EURUSD, M1, 2012 July 22

Long @ 1.2105 (5x)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2012 July 22.jpg Size: 55 KB
  • #123
  • Jul 22, 2012 3:12pm Jul 22, 2012 3:12pm
Quoting JollyJoker
Nice new thread FC
I have been looking for this setup from past one month. Frankly i am very disappointed with Friday's continuation .. Now with iVAR reading of .485 indicates that chances of reversal have been reduced a lot.
As per IVAR a reading around .5 is a random chance, <.4 a good chance for reversal and >.6 signifies continuation.
I am also long from 1.2230 and will be adding to position but now my faith in this trade have lost... Especially after we are expecting a gap open down 50 pips and break of 1.2135-50
what is your take on SL
Regards...
Hi Jolly,
I'm not sure if your bullish outlook is short term or mid to long term, but my view is that we are not going to reverse until we reach the 1.20 area. Maybe 1.2010/20 before we see a correction. I fully expect to reach that level before month end. What happens after that is anybody's guess right now but a correction back up towards 1.2180/1.2220 area seems likely before a continuation. I don't want to influence your trading, but we have to consider that we are in a very strong down trend and the bulls have given up. Politically, both the EZ and the US are on summer break so no solutions to any problems will be coming forth. The next major risk events are the FOMC rate statement, the ECB rate statement and the NFP next week. Until them, I only see more down. After that, the likelihood is yet more down. Anyway, that's my view and I just wanted to share it with you.
Cheers
PT

PS... Forexcube, congrats on the new thread.
Those who say it cannot be done should not interrupt those who are doing it
  • #124
  • Edited 3:43pm Jul 22, 2012 3:16pm | Edited 3:43pm
Quoting JollyJoker
Nice new thread FC
I have been looking for this setup from past one month. Frankly i am very disappointed with Friday's continuation .. Now with iVAR reading of .485 indicates that chances of reversal have been reduced a lot.
As per IVAR a reading around .5 is a random chance, <.4 a good chance for reversal and >.6 signifies continuation.
I am also long from 1.2230 and will be adding to position but now my faith in this trade have lost... Especially after we are expecting a gap open down 50 pips and break of 1.2135-50
what is your take on SL
Regards...
#121

Hi JollyJoker
Maybe the last supper. I don't know. Could be also one of these Sidetracked, you know....to lay a false trail by big capital, who are adapt in all tricks of the trade. I will trade my plan and so I have reset the SL ~ 1.1850...knowing that I feel I mustn't have the last word.
The gaps in the last week-ends (up or down) were predominantly reclaimed...all of them ...exceptionless.
Kindest regards
FXcube
  • #125
  • Edited 3:42pm Jul 22, 2012 3:25pm | Edited 3:42pm
Quoting PipTrapper
...

PS... Forexcube, congrats on the new thread.
#123

Thanks PipTrapper! I'll try my best.
FXcube
  • #126
  • Jul 22, 2012 4:18pm Jul 22, 2012 4:18pm
Quoting Forexcube
EURUSD, M1, 2012 July 22

Long @ 1.2105 (5x)
#122

EURUSD, M5, 2012 July 22

Exit @ 1.2125 (5x), +20
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M5, 2012 July 22.jpg Size: 80 KB
  • #127
  • Jul 22, 2012 4:28pm Jul 22, 2012 4:28pm
Quoting PipTrapper
Hi Jolly,
I'm not sure if your bullish outlook is short term or mid to long term, but my view is that we are not going to reverse until we reach the 1.20 area. Maybe 1.2010/20 before we see a correction. I fully expect to reach that level before month end. What happens after that is anybody's guess right now but a correction back up towards 1.2180/1.2220 area seems likely before a continuation. I don't want to influence your trading, but we have to consider that we are in a very strong down trend and the bulls have given up. Politically, both...
Thanks PT once again for your input.... This was a recovery trade to get out of my long at 1.2232 that was executed while i was away from my desk on Friday..... i am trying to get out at daily pivot @ 1.2193 ..
I totally agree with you and IVAR is also supporting your argument... However i would like to see some consolidation before those events. a break of 1.2030 will be bearish again.
On the larger frame i would like to see a bounce from 1.2030-90 area towards 1.23 one more time before continuation toward 1.18-16 area
Cheers
There are no right and wrong decisions......Only timely decisions
  • #128
  • Jul 23, 2012 12:24pm Jul 23, 2012 12:24pm
EURUSD, H1, 2012 July 23

Long @ 1.2124 (5x)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, H1, 2012 July 23.jpg Size: 82 KB
  • #129
  • Jul 23, 2012 7:30pm Jul 23, 2012 7:30pm
Quoting Forexcube
EURUSD, H1, 2012 July 23

Long @ 1.2124 (5x)
#128

Exit @ 1.2128, +4
  • #130
  • Edited 4:50am Jul 24, 2012 4:32am | Edited 4:50am
EURUSD, M15, 2012 July 24

Long @ 1.2093, Target @ 1.2150
...by scalping the downs
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M15, 2012 July 24.jpg Size: 126 KB
  • #131
  • Edited 7:06am Jul 24, 2012 6:39am | Edited 7:06am
EURUSD: I'm scalping currently at M1/M5. Moreover it seems I could make more money when entering after abrupt price movements - a trading method which I use since several years. Any forecasts if the euro will go up or down in these days, these discussions seems boring me at the time. That's not the question for me in this week, because the market don't deliver relevant & reliable probabilities currently.
  • #132
  • Jul 24, 2012 6:53am Jul 24, 2012 6:53am
EURUSD, M1, 2012 July 24

Scalping Example
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2012 July 24.jpg Size: 88 KB
  • #133
  • Jul 24, 2012 7:21am Jul 24, 2012 7:21am
EURUSD, Long @ 1.2083 (3x), Target @ 1.2113
  • #134
  • Jul 24, 2012 12:04pm Jul 24, 2012 12:04pm
Quoting Forexcube
EURUSD, Long @ 1.2083 (3x), Target @ 1.2113
#133

Target has reached, +30
  • #135
  • Jul 24, 2012 12:06pm Jul 24, 2012 12:06pm
EURUSD, M5, 2012 July 24
Scalping Examples
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M5, 2012 July 24.jpg Size: 126 KB
  • #136
  • Jul 24, 2012 12:18pm Jul 24, 2012 12:18pm
EURUSD, Long @ 1.2050 (5x)
  • #137
  • Jul 24, 2012 12:27pm Jul 24, 2012 12:27pm
Quoting Forexcube
EURUSD: I'm scalping currently at M1/M5. Moreover it seems I could make more money when entering after abrupt price movements - a trading method which I use since several years. Any forecasts if the euro will go up or down in these days, these discussions seems boring me at the time. That's not the question for me in this week, because the market don't deliver relevant & reliable probabilities currently.
#131


EURUSD, M15, 2012 July 24
EURUSD, M1, 2012 July 24

After a M15 price movement I trade the overlapping candles & scalp at M1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD, M15, 2012 July 24.jpg Size: 125 KB
Click to Enlarge Name: EURUSD, M1, 2012 July 24.jpg Size: 74 KB
  • #138
  • Edited 4:29pm Jul 24, 2012 4:10pm | Edited 4:29pm
Bullish Butterfly-Formation with Fibonacci-Ratios.
EURUSD, Daily, 2012 July 24
see #112

Targets

Bullish Butterfly-Formation with Fibonacci-Ratios.
Actual data:
X = 1.2298, A = 1.2742, B = 1.2407, C = 1.2552, D = 1.2041
XA = 444, AB = 335, BC = 145, CD = 408, AD = 701

Targets:
38.2% XA = 1.2467 (+169 from X 1.2298)
61.8% AD = 1.2468 (+427 from D 1.2041)
CRR 2.5 >

A (1.2742)
CRR > 10

Long @ 1.2063 (2x), Target @ 1.2467, @ 1.2468

If it will be definitely broken further downside movements seems possible.
Be aware of false breakouts.

______
Label:
CRR = Chance-Risk-Ratio
  • #139
  • Jul 24, 2012 9:11pm Jul 24, 2012 9:11pm
Quoting Forexcube
#131


EURUSD, M15, 2012 July 24
EURUSD, M1, 2012 July 24

After a M15 price movement I trade the overlapping candles & scalp at M1.
Your scalping method is so powerful, i can make more pips with this.

Thanks master Fxcube.
  • #140
  • Jul 25, 2012 6:08am Jul 25, 2012 6:08am
EURUSD, Short @ 1.2167
3 traders viewing now