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S/D Zones, risk ratio = 3

  • #201
  • Sep 3, 2012 10:23am Sep 3, 2012 10:23am
Hello guys,

Slow day today, it looks like I like this kind of day :

Buy this morning EURUSD @1.2569 closed at 1.2604 : +35 pips.

My levels are : 1.2565,1.2585, 1.2605,1.2625.

See you tomorrow.
  • #202
  • Sep 4, 2012 4:53am Sep 4, 2012 4:53am
Quoting landre
My levels are : 1.2565,1.2585, 1.2605,1.2625.
.
I'm short on EURUSD
Sell @1.2620 this morning after London open

SL @BE
TP 1.2585 even if the 1.2567 is attractive, it's a low volatility market so I don't want to be too greedy.

So here we are testing a demand level @1.2598 from yesterday move. It's the close of the biggest 5m candle from yesterday afternoon.
London opened @1.2618 so that my first level above.
  • #203
  • Sep 4, 2012 6:18am Sep 4, 2012 6:18am
Quoting landre
I'm short on EURUSD
Sell @1.2620 this morning after London open

SL @BE
TP 1.2585 even if the 1.2567 is attractive, it's a low volatility market so I don't want to be too greedy.

So here we are testing a demand level @1.2598 from yesterday move. It's the close of the biggest 5m candle from yesterday afternoon.
London opened @1.2618 so that my first level above.
Closed @1.2585 : +35 pips. On the 5m chart, there is a good example of a break (@1.2598). Break and retest.

Dax broke support @6985.

Don't forget ISM this afternoon.
  • #204
  • Sep 4, 2012 9:10am Sep 4, 2012 9:10am
I went long @1.2569 (1.2567+spread) on the first test, that was not the best entry..but well demand level, I got lucky with the ISM and closed it at 1.2587 (15min chart supply level and start of the move down). My SL was set at 1.2554 below the 1.2560.

+35,+16 = +51 pips. I'm probably done for today.

Dax aiming at 6947.
  • #205
  • Sep 5, 2012 6:46am Sep 5, 2012 6:46am
This morning, I missed a good opportunity to go short @1.2536, then I was waiting for a break of the 1.2518...I took a short @1.2513 to enjoy the end of the move down, I was aiming for 1.2498 (TP). Finally, my TP has not been hitted and I lost 13 pips (SL @1.2516).

Then I went long @1.2536 and I have just closed it @1.2556 : +20pips.

On 1h chart we are at the previous demand area from yesterday which has been broken during Asian session...I'm tempting to go short.

My levels : above 1.2578 and 1.2598 (yesterday NY session high) and below 1.2538.
  • #206
  • Last Post: Sep 5, 2012 10:30am Sep 5, 2012 10:30am
Quoting landre
On 1h chart we are at the previous demand area from yesterday which has been broken during Asian session...I'm tempting to go short.

My levels : above 1.2578 and 1.2598 (yesterday NY session high) and below 1.2538.
My levels 1.2578 and 1.2598 were irrelevant..need to work on this.
Quoting landre
On 1h chart we are at the previous demand area from yesterday which has been broken during Asian session...I'm tempting to go short.
Anyway I finally went short @1.2557 and I was going to close this small one Draghi opened his mouth and my SL got hitted @1.2572 : -15pips...
Then I went long on the first spike @1.2589 I was aiming @1.2630 and I closed it 5 min ago @1.2615 : +26 pips

So today was pretty bad, I mean I completely miss a 120 pips move so..
-13,+20,-15,+26 = +18 pips.
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