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Potential Trade Set-Ups

  • #81
  • Oct 1, 2012 5:29am Oct 1, 2012 5:29am
Quoting fuse
USDX H4 chart

Price touching bottom of Previous Supply Zone, R1 pivot and Trend Line.

Looks like a good level to retrace.

Looking to sell USD (eg buy EUR/AUD/NZD)
Yep definately right call. US Dollar fell exactly from that level.
Attached Image (click to enlarge)
Click to Enlarge Name: USDX.png Size: 41 KB
  • #82
  • Oct 2, 2012 4:40am Oct 2, 2012 4:40am
USDX H4 chart

looking to see if price will drop from this supply level. If it does then could be a good time to buy EUR/USD
Attached Image (click to enlarge)
Click to Enlarge Name: USDX.png Size: 43 KB
  • #83
  • Oct 2, 2012 4:42am Oct 2, 2012 4:42am
EUR/USD H4 chart

Price has to push through quite a bit of resistance though
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 37 KB
  • #84
  • Oct 2, 2012 4:48am Oct 2, 2012 4:48am
AUD/USD H4 chart

Price showing a bit of a bounce at this demand level. Could be good level to go long?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 39 KB
  • #85
  • Oct 3, 2012 4:53pm Oct 3, 2012 4:53pm
AUD/USD H4 chart.

Long at 1.02166 based on price bouncing off previous demand zone.

SL 1.0170

Target open at this stage
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 39 KB
  • #86
  • Oct 3, 2012 5:02pm Oct 3, 2012 5:02pm
EUR/USD H4 chart

Long at 1.29067 based on price rising off ascending channel

SL 1.2870

Target 1.2958
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 41 KB
  • #87
  • Oct 3, 2012 5:16pm Oct 3, 2012 5:16pm
Quoting fuse
EUR/USD H4 chart

Long at 1.29067 based on price rising off ascending channel

SL 1.2870

Target 1.2958
You could make the an argument stronger descending trend line.You do have 200EMA under PA which is good for long but selling pressure on Euro is forming.
Going long on this circumstance is gambling.What you describe as "ascending channel" looks more like side way range unsure PA not ascending
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 16 KB
In trading, you have to be defensive and aggressive at the same time
  • #88
  • Oct 3, 2012 5:25pm Oct 3, 2012 5:25pm
Quoting Davit
You could make the an argument stronger descending trend line.You do have 200EMA under PA which is good for long but selling pressure on Euro is forming.
Going long on this circumstance is gambling.What you describe as "ascending channel" looks more like side way range unsure PA not ascending
Thanks for you post.

I agree that at this point price could easily go either way, which is why I use a stop loss. But markets can go either way at any time wouldn't you agree?

I trade on what I see, based on all the info I have at the time. So its more of a calculated risk than a gamble.

If euro strengthens from this point then my ascending trendline will be valid. However I entered this trade on a number of other factors as well.
  • #89
  • Oct 3, 2012 5:41pm Oct 3, 2012 5:41pm
http://www.forexfactory.com/attachme...1&d=1349303705
Quoting fuse
Thanks for you post.

I agree that at this point price could easily go either way, which is why I use a stop loss. But markets can go either way at any time wouldn't you agree?

I trade on what I see, based on all the info I have at the time. So its more of a calculated risk than a gamble.

If euro strengthens from this point then my ascending trendline will be valid. However I entered this trade on a number of other factors as well.
I went long on AU check it out its moving now
In trading, you have to be defensive and aggressive at the same time
  • #90
  • Oct 3, 2012 5:50pm Oct 3, 2012 5:50pm
Hi Davit,

Yes it looks like you pretty much have the same entry price as me. As I mentioned earlier I'm long AUD/USD from 1.02166. The USDX H4 chart looks like it will get a bit of a pull back from current level.

What is your target for AUD/USD?
Attached Image (click to enlarge)
Click to Enlarge Name: USDX.png Size: 38 KB
  • #91
  • Oct 3, 2012 6:12pm Oct 3, 2012 6:12pm
Quoting fuse
AUD/USD H4 chart.

Long at 1.02166 based on price bouncing off previous demand zone.

SL 1.0170

Target open at this stage
AUD/USD H4 chart

I've set my target to 1.02940 just below previous supply zone
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 40 KB
  • #92
  • Oct 3, 2012 6:28pm Oct 3, 2012 6:28pm
Quoting fuse
AUD/USD H4 chart

I've set my target to 1.02940 just below previous supply zone
AUD/USD H4 chart

1.0250 is a level that is a possible resistance point. I will move my stop to BE when price reaches this level.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 40 KB
  • #93
  • Oct 4, 2012 3:47am Oct 4, 2012 3:47am
Quoting fuse
EUR/USD H4 chart

Long at 1.29067 based on price rising off ascending channel

SL 1.2870

Target 1.2958
EUR/USD H4 chart.

Price nearly hit target but not quite so I have closed most of my position at 1.2939 (+32.3 pips)

I have moved my stop to BE and will now leave the rest to run. With significant news coming out soon price might go anywhere.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 43 KB
  • #94
  • Oct 4, 2012 1:58pm Oct 4, 2012 1:58pm
Quoting fuse
EUR/USD H4 chart.

Price nearly hit target but not quite so I have closed most of my position at 1.2939 (+32.3 pips)

I have moved my stop to BE and will now leave the rest to run. With significant news coming out soon price might go anywhere.

EUR/USD H4 chart

I have just closed my trade at 1.30171 (110.4 pips)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 41 KB
  • #95
  • Oct 4, 2012 2:02pm Oct 4, 2012 2:02pm
AUD/USD H4 chart

I'm still in this trade (long from 1.02166)

As mentioned before Target 1.02940

I've moved my stop loss to BE

Will see how this goes
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 40 KB
  • #96
  • Oct 5, 2012 3:03am Oct 5, 2012 3:03am
EUR/USD H4 chart

Short from 1.30057

SL 1.3025

Target 1.29857 (daily pivot)

Will see how this goes
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 44 KB
  • #97
  • Oct 5, 2012 1:42pm Oct 5, 2012 1:42pm
Quoting fuse
EUR/USD H4 chart

Short from 1.30057

SL 1.3025

Target 1.29857 (daily pivot)

Will see how this goes
EUR/USD H4 chart

Unfortunately SL was taken out (-19.3 pips)

I was hoping for more of a retrace to the pivot before heading back up but didn't happen.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 43 KB
  • #98
  • Oct 5, 2012 1:49pm Oct 5, 2012 1:49pm
Quoting fuse
AUD/USD H4 chart

I'm still in this trade (long from 1.02166)

As mentioned before Target 1.02940

I've moved my stop loss to BE

Will see how this goes
AUD/USD H4 chart

I'm out of this trade at BE

Price kept finding resistance around 1.0273

Price now back in demand zone. I will watch closely to see what happens from here.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 39 KB
  • #99
  • Oct 18, 2012 1:13am Oct 18, 2012 1:13am
NZD/USD H4 chart.

Long from 0.82145

SL 0.8196

Target 0.8258

Price looks bullish. Possible bullish flag forming. Target just under the top of supply zone. Will see how this goes. There is some resistance at 0.8234. Hopefully price will push through this.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 44 KB
  • #100
  • Oct 18, 2012 1:17am Oct 18, 2012 1:17am
USDX H4 chart.

Price broke through ascending channel, retraced and has now bounced off resistance. Hopefully price will continue south.
Attached Image (click to enlarge)
Click to Enlarge Name: USDX.png Size: 40 KB
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