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  • #8,801
  • Oct 2, 2012 2:11am Oct 2, 2012 2:11am
Price is still finding it hard to break 200EMA, Also last hi to low again when to 61.8%... I am currently short LO but monitoring closely (Fakes) Good Luck eveyone
  • #8,802
  • Oct 2, 2012 3:08am Oct 2, 2012 3:08am
The only thing I know about EUR right now is that I don't know. Other than the fact that there seems support around 1.2880 i.e. where US session yesterday decided to push up from.
  • #8,803
  • Oct 2, 2012 3:13am Oct 2, 2012 3:13am
Quoting Vantage
The only thing I know about EUR right now is that I don't know.
OK maybe the above comment is pushing it a little. A strong engulfing close 2 hrs ago should have followed through lower but didn't. The last candle close hints at the support area coming through.

Price chopping above below RN, hate that, would like to see a solid close either way and then price to stay above/below RN.

No the above comment still applies, right now have no clue as to where EUR is going.So for me then its time to do ........... nothing............. for now at least.
  • #8,804
  • Oct 2, 2012 3:29am Oct 2, 2012 3:29am
Quoting Vantage
The only thing I know about EUR right now is that I don't know. Other than the fact that there seems support around 1.2880 i.e. where US session yesterday decided to push up from.
I agree. There is so much holding up price that only news will move it in one direction or the other.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Tue 2 60-15.png Size: 81 KB
Click to Enlarge Name: Tue 2 4hr.png Size: 80 KB
Cut your Losers short and let your Winners run.
  • #8,805
  • Oct 2, 2012 3:46am Oct 2, 2012 3:46am
Hi guys

this is how i see EU right now.
Will stay on sidelines until this tug of war is over.
once we break the triangle, things will become clearer

Green pips to all of you
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 142 KB
  • #8,806
  • Oct 2, 2012 3:49am Oct 2, 2012 3:49am
did any of you read this article yesterday.

Traders aren't wired like us | The Japan Times Online
Cut your Losers short and let your Winners run.
  • #8,807
  • Oct 2, 2012 3:50am Oct 2, 2012 3:50am
Quoting Phx62
While setting up charts for the week, noticed some divergence and decided to give it a go....moved to M15 and entered on TDI bounce.....first TP at 25. Price pulled back from 89EMA before LO then moved back up....moved stop to 50...then 75....then 100.....exited at 75 as price consolidated. Trades 2 & 3 were taken on TDI crosses....
thanks a lot PHX

Could you please post your trades of last week?
It is very helpfull for us to compare your trades with ours, so that we can improve.

Your charts are a true inspiration

Munir
  • #8,808
  • Oct 2, 2012 4:32am Oct 2, 2012 4:32am
here is an example what I thought would be a valid H1 entry.

anyone have different views?
Attached Image (click to enlarge)
Click to Enlarge Name: EU 2 Oct H1 LO+2 entry example 2-10-2012 5-25-53 PM.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,809
  • Oct 2, 2012 4:59am Oct 2, 2012 4:59am
Quoting emmanuel7788
here is an example what I thought would be a valid H1 entry.

anyone have different views?
in a normal condition i would be taking that long.
Since today there are no red news that bring volatility in the market, i would not trade any crosses on 1H TDI (unless i see a break of the triangle).

In days like today, the opportunities are in scalping the 15TF

just my view....
  • #8,810
  • Oct 2, 2012 5:08am Oct 2, 2012 5:08am
Quoting emmanuel7788
here is an example what I thought would be a valid H1 entry.

anyone have different views?
I also closed my short for -5 and enter long on this pullback bar stops now at BE as I see divergence on 30mins
  • #8,811
  • Oct 2, 2012 5:56am Oct 2, 2012 5:56am
Out for +30
  • #8,812
  • Oct 2, 2012 8:29am Oct 2, 2012 8:29am
Quoting munirpt
thanks a lot PHX

Could you please post your trades of last week?
It is very helpfull for us to compare your trades with ours, so that we can improve.

Your charts are a true inspiration

Munir
As requested, my chart from last week....it was a little different trading week for me....I worked from home last week, so I had time to monitor my charts between work duties, family activities and sleeping. I entered a couple of "set and forget trades trades" outside my normal trading hours (London session) on signals that met my trading plan criteria. None were stopped out.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.9.28 eu h1 week.jpg Size: 144 KB
  • #8,813
  • Oct 2, 2012 8:48am Oct 2, 2012 8:48am
Quoting Phx62
As requested, my chart from last week....it was a little different trading week for me....I worked from home last week, so I had time to monitor my charts between work duties, family activities and sleeping. I entered a couple of "set and forget trades trades" outside my normal trading hours (London session) on signals that met my trading plan criteria. None were stopped out.
brilliant!!!!!!
  • #8,814
  • Oct 2, 2012 8:57am Oct 2, 2012 8:57am
Looked like it was going to be crap, but worked out. 15min signal and entry +50 pips and I managed to scalp a quick +10 on the reversal from the high. Chart shows it all.

PS My bias was long for today because price had not broken below the trend line on the 4hr. The trend line was the channel top from yonks ago. chart is 10 posts back.

PPS. I did not close when divergence appeared as i only take note of diveregence if it occurrs when the oscillators are either Over Bought or Over Sold,
Attached Image (click to enlarge)
Click to Enlarge Name: Tue 2-10 15min.png Size: 46 KB
Cut your Losers short and let your Winners run.
  • #8,815
  • Oct 2, 2012 9:21am Oct 2, 2012 9:21am
Quoting dee50
Looked like it was going to be crap, but worked out. 15min signal and entry +50 pips and I managed to scalp a quick +10 on the reversal from the high. Chart shows it all.

PS My bias was long for today because price had not broken below the trend line on the 4hr. The trend line was the channel top from yonks ago. chart is 10 posts back.

PPS. I did not close when divergence appeared as i only take note of diveregence if it occurrs when the oscillators are either Over Bought or Over Sold,
Wow! I took long on EU also, but nervous about the divergences and close my position on R1 when price seemed to stalled. Should take a look at your PPS above, never thought about it before. Thanks for sharing, Dee...
  • #8,816
  • Oct 3, 2012 1:38am Oct 3, 2012 1:38am
Quoting dee50
Looked like it was going to be crap, but worked out. 15min signal and entry +50 pips and I managed to scalp a quick +10 on the reversal from the high. Chart shows it all.

PS My bias was long for today because price had not broken below the trend line on the 4hr. The trend line was the channel top from yonks ago. chart is 10 posts back.

PPS. I did not close when divergence appeared as i only take note of diveregence if it occurrs when the oscillators are either Over Bought or Over Sold,
I am trying to understand your thinking re the 4h trend line, I zoomed out on the chart but still could'nt see exactly what you meant ,any further help would be much appreciated
  • #8,817
  • Oct 3, 2012 1:46am Oct 3, 2012 1:46am
i forgot to take short 12-13 hours ago in H1 reversal because it was very late here and i was (duuh) playing game then go to bed. I should have still looked at chart and made an entry before going to bed
  • #8,818
  • Oct 3, 2012 2:20am Oct 3, 2012 2:20am
another fakey? maybe .. maybe not.
look at H4.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,819
  • Oct 3, 2012 2:33am Oct 3, 2012 2:33am
Quoting emmanuel7788
another fakey? maybe .. maybe not.
look at H4.
I'm looking at it for 2-3 candles now. But... due to freaking Bernanke printing and throwing money arround I don't feel comfortable shorting EURUSD.

BR
  • #8,820
  • Oct 3, 2012 3:17am Oct 3, 2012 3:17am
i have been going long since the open of this candle (H1)
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