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Trading EURUSD only

  • #181
  • Oct 9, 2012 6:24pm Oct 9, 2012 6:24pm
how do you determine your entry and exit?
  • #182
  • Oct 9, 2012 6:26pm Oct 9, 2012 6:26pm
I am trading over 5 years ( first 4 years was not so good )
I have no rule anymore ( except MM )

watching levels
listening news
reading price actions & patterns

what I can say is, price is technical
&
we always have only 2 option up/down

Quoting lcuki
how do you determine your entry and exit?
  • #183
  • Oct 9, 2012 6:29pm Oct 9, 2012 6:29pm
if you want to understand better whats is going on

I advise you below thread.

very basic charts only MA

http://www.forexfactory.com/showthread.php?t=236210


Quoting lcuki
how do you determine your entry and exit?
  • #184
  • Oct 9, 2012 6:31pm Oct 9, 2012 6:31pm
that will give a perpective until you create your own system.

charts are more clear then here.

you will definetly create your system if you stay in busines ebough long


Quoting stevewalker
if you want to understand better whats is going on

I advise you below thread.

very basic charts only MA

http://www.forexfactory.com/showthread.php?t=236210
  • #185
  • Oct 9, 2012 6:33pm Oct 9, 2012 6:33pm
you may track here as well

Quoting stevewalker
that will give a perpective until you create your own system.

charts are more clear then here.

you will definetly create your system if you stay in busines ebough long
  • #186
  • Oct 9, 2012 6:38pm Oct 9, 2012 6:38pm
exit +10

Quoting stevewalker
short @ 2880

took a small risk

tigh SL
  • #187
  • Oct 9, 2012 6:39pm Oct 9, 2012 6:39pm
long @ 2867
  • #188
  • Oct 9, 2012 6:40pm Oct 9, 2012 6:40pm
that has tight SL
& can exit any time

Quoting stevewalker
long @ 2867
  • #189
  • Oct 9, 2012 6:41pm Oct 9, 2012 6:41pm
why long?

becouse I see a double bottom @ 5 M chart.

but may fail
  • #190
  • Oct 9, 2012 6:42pm Oct 9, 2012 6:42pm
double bottoms must react fast as it is not testing third
if not then there is problem

Quoting stevewalker
why long?

becouse I see a double bottom @ 5 M chart.

but may fail
  • #191
  • Oct 9, 2012 6:45pm Oct 9, 2012 6:45pm
on the other hand fast reaction term is relative

& effected by the liquidity

Quoting stevewalker
double bottoms must react fast as it is not testing third
if not then there is problem
  • #192
  • Oct 9, 2012 6:46pm Oct 9, 2012 6:46pm
exit -2

Quoting stevewalker
long @ 2867
  • #193
  • Oct 9, 2012 6:56pm Oct 9, 2012 6:56pm
I was not wrong about exiting that long


Quoting stevewalker
exit -2
  • #194
  • Oct 9, 2012 6:56pm Oct 9, 2012 6:56pm
an unexpected move at asian session huh
  • #195
  • Oct 9, 2012 6:57pm Oct 9, 2012 6:57pm
or buyers stop their algo and let it down

Quoting stevewalker
an unexpected move at asian session huh
  • #196
  • Oct 9, 2012 6:58pm Oct 9, 2012 6:58pm
exited the short with 35+ pip
  • #197
  • Oct 9, 2012 6:58pm Oct 9, 2012 6:58pm
dont see the level being broken
  • #198
  • Oct 9, 2012 6:58pm Oct 9, 2012 6:58pm

Quoting lcuki
exited the short with 35+ pip
  • #199
  • Oct 9, 2012 6:59pm Oct 9, 2012 6:59pm
tha may be news base move from asia it is moving up

Quoting stevewalker
or buyers stop their algo and let it down
  • #200
  • Oct 9, 2012 7:02pm Oct 9, 2012 7:02pm
bas news from **japan about automakers at bloomberg
something triggered that fast move
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