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EURUSD

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#702,101
Oct 3, 2012 10:57am Oct 3, 2012 10:57am

stevewalker
Joined Dec 2010 | Status: Trader | 18,740 Posts

you may average it?

if you free margin

Quoting xandi

Disliked

still open broo...I´ve compensed my horrible entry point with very good Stop Loss, right above of last resistance for 5 pips, which until now worked, as you can see...I´ll continue to pray!

Ignored

#702,102
Oct 3, 2012 10:57am Oct 3, 2012 10:57am

Rag2RichesFX
Joined Jul 2012 | Status: CME seat owner | 6,134 Posts

i dont think its going to do much until the big news driven day tomorrow..

may look for a few more scalps today but no long or medium term positions yet

Be hopeful in a winning position, and fearful in a losing position.

#702,103
Oct 3, 2012 10:57am Oct 3, 2012 10:57am

anton.olff
| Joined Jan 2009 | Status: Ex-pat New Yorker. | 1,053 Posts

Quoting StopGuessing

Disliked

Yes it is neutral on 1m, yet the fib which it is neutral at is the 23.6 Based on my system, not only is 23.6 an entry, but its also a sell and a big time one. Which is why I shorted for 3.00 Yet the slow movement has me going crazy.
There you can see what my sl was. I can bet almost anything it would not get hit before reaching 1.2899 again.

Ignored

@stopguessing. you might be right about scalping this type of market. the algos (terminators) are fighting it out for a few pips.

Looking for a break above 1.2925, but might be a good place to short as well.

"The market can remain irrational longer than you can remain solvent"

#702,104
Oct 3, 2012 10:59am Oct 3, 2012 10:59am

Rag2RichesFX
Joined Jul 2012 | Status: CME seat owner | 6,134 Posts

Quoting anton.olff

Disliked

@stopguessing. you might be right about scalping this type of market. the algos (terminators) are fighting it out for a few pips.

Looking for a break above 1.2925, but might be a good place to short as well.

Ignored

algos are constantly fighting it out for a few pips.

you'll notice that most legs retrace about 50% if not more, this is common even in trending markets but definitely common in ranging markets. just look at M5 chart, every move seems to retrace at least half

thats huge market indecision

might not have seen this chart i posted earlier

market is constantly trading itself back into the range it broke out of it, except when its on very strong trend, but then on a big TF perspective, it will move back into the range (such as 2960 moving back into the 2880 range. or 3160 moving back into the 2800/2750 range, even though 2500 breakout would be more ideal to find support... or again, 2040 moving back into the 3000 range... or even yet.. 0.82 to 1.60 moving back into its mid point of 1.20... its constantly happening)

pretty much any move can be faded, you just need proper timing, and you need to let the euphoria of the surge die down first (which for me is the hardest part)

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Be hopeful in a winning position, and fearful in a losing position.

#702,105
Oct 3, 2012 11:01am Oct 3, 2012 11:01am

stevewalker
Joined Dec 2010 | Status: Trader | 18,740 Posts

if 15 m can coil around lower channel we have way up to go

1 more bar needed to see incl this one

Quoting stevewalker

Disliked

.

Ignored

#702,106
Oct 3, 2012 11:02am Oct 3, 2012 11:02am

forexings
| Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts

History says maximum time bull won when fight in triangle. It's bearish weakness.

You cannot learn better without losing

#702,107
Oct 3, 2012 11:04am Oct 3, 2012 11:04am

unifunds
| Additional Username | Joined Sep 2012 | 5 Posts

Can some one just push this EU down

#702,108
Oct 3, 2012 11:08am Oct 3, 2012 11:08am

Nachiket
| Membership Revoked | Joined Jul 2011 | 3,291 Posts

10 days of shit trading in this 100 pip range. don't know abt you guys but I am certainly feeling exhausted.

#702,109
Oct 3, 2012 11:09am Oct 3, 2012 11:09am

almo
| Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts

Quoting Nachiket

Disliked

10 days of shit trading in this 100 pip range. don't know abt you guys but I am certainly feeling exhausted.

Ignored

Yeah, its been a tough time, no question about that.

#702,110
Oct 3, 2012 11:11am Oct 3, 2012 11:11am

Ultimate6
| Joined May 2010 | Status: Trader | 1,017 Posts

Quoting forexings

Disliked

History says maximum time bull won when fight in triangle. It's bearish weakness.

Ignored

You should look at the previous direction of momentum. If you look back on charts this is more the case.

#702,111
Oct 3, 2012 11:11am Oct 3, 2012 11:11am

xandi
Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts

Quoting stevewalker

Disliked

you may average it?

if you free margin

Ignored

Thanks for the help, I´m already in Medium Leverage once I shorted again at 1.2830.. another basic error is risking the enter position on the side we want, for a few pips scalp, and even worst was reforcing that scalp...too ugly, when my ideia was LONG High Leverage at 1.2750, I should have start to built my long position in 2/3 times, instead of risking for few pips scalp against the trend, even more when I realize that 1.2840 was 50% fibo and advise other user that after pronnounced mooves, the retrace many times is only to 50% fibo...

Quoting xandi

Disliked

don´t laugh too much and watch out the fibo...it´s usually in this kind of pronnounced mooves, a retrace to only 50% fibo...but, yes, 1.2750 is the target, just don´t know if is ready to go now there...
http://www.forexfactory.com/attachme...6&d=1348660607

Ignored

#702,112
Oct 3, 2012 11:11am Oct 3, 2012 11:11am