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Trading EURUSD only

  • #4,421
  • Oct 24, 2012 3:56am Oct 24, 2012 3:56am
Was getting ready for work. And now off to the bus.See you in an hour.
  • #4,422
  • Oct 24, 2012 3:57am Oct 24, 2012 3:57am

Quoting mok1one
Was getting ready for work. And now off to the bus.See you in an hour.
  • #4,423
  • Oct 24, 2012 4:03am Oct 24, 2012 4:03am
I can not short from DIP

so will test levels with longs & tight SL
  • #4,424
  • Oct 24, 2012 4:08am Oct 24, 2012 4:08am
Quoting stevewalker
guys & gals

I feel like when I join room you make less posts then I wanst here

hope I feel wrong.

I am not director. post your ideas as you wish
I tnik you are right.

I whish post more but my english is with "google translate" and i just reading.
  • #4,425
  • Oct 24, 2012 4:10am Oct 24, 2012 4:10am
but before prcie climb over 3934 4H LC no long either

Quoting stevewalker
I can not short from DIP

so will test levels with longs & tight SL
  • #4,426
  • Oct 24, 2012 4:10am Oct 24, 2012 4:10am

then better focus on trades
no worries

Quoting mardze
I tnik you are right.

I whish post more but my english is with "google translate" and i just reading.
  • #4,427
  • Oct 24, 2012 4:13am Oct 24, 2012 4:13am
now analyze time
lets see what we have in our hands
  • #4,428
  • Oct 24, 2012 4:15am Oct 24, 2012 4:15am
price has touched & rejected from 2nd UC @ 2923
price is in wide down CH
& way below LC due there is no new Fractal printed which is @ 2998
  • #4,429
  • Oct 24, 2012 4:17am Oct 24, 2012 4:17am
we actually have 2 down CH in action

1st
2945/2934
2nd
2979/2934

next level below 2899 FB %76.4
  • #4,430
  • Oct 24, 2012 4:19am Oct 24, 2012 4:19am
next level below @ 2858 FB %76.4

UC 3115
LC 3106

price is actually out of range of TL s

way down

before a new fractal pribted will stay like that
  • #4,431
  • Oct 24, 2012 4:20am Oct 24, 2012 4:20am
query is;
is it going to test more lows or reverse?

will try to find the answer
  • #4,432
  • Oct 24, 2012 4:21am Oct 24, 2012 4:21am
the actual waves @ 5M & 15M are overshoot reaction of fast down move.

so those will not give correct answer

should wait a bit for real price actions
  • #4,433
  • Oct 24, 2012 4:24am Oct 24, 2012 4:24am
price also did not touch the 1H 3rd UC which is @2896

normally it should touch the bottom of working channel but did not.

so this may be sign of reversal
  • #4,434
  • Oct 24, 2012 4:25am Oct 24, 2012 4:25am
but the reason also might be the extended consolidation zone.
that has caries price away from the actual bottom



Quoting stevewalker
price also did not touch the 1H 3rd UC which is @2896

normally it should touch the bottom of working channel but did not.

so this may be sign of reversal
  • #4,435
  • Oct 24, 2012 4:26am Oct 24, 2012 4:26am
while price is in a down channel the 1H & 4H charts are little unsencronised.
  • #4,436
  • Oct 24, 2012 4:29am Oct 24, 2012 4:29am
before seing a proper price actio/formation/pattern the only chance to trade is testing bottom with long trades with tight SL as posted earlier.
  • #4,437
  • Oct 24, 2012 4:30am Oct 24, 2012 4:30am
we also have important news ahead
price may stall until news hours

Quoting stevewalker
Tentative EUR German 10-y Bond Auction
2:45pm EUR ECB President Draghi Speaks
4:00pm USD Flash Manufacturing PMI
5:00pm EUR ECB President Draghi Speaks
5:00pm USD New Home Sales
5:30pm USD Crude Oil Inventories
9:15pm USD FOMC Statement
9:15pm USD Federal Funds Rate
  • #4,438
  • Oct 24, 2012 4:34am Oct 24, 2012 4:34am
to be honest 5M & 15M charts forming another downmove but too early to trust
  • #4,439
  • Oct 24, 2012 4:44am Oct 24, 2012 4:44am
I may also test a short from 2945
  • #4,440
  • Oct 24, 2012 4:47am Oct 24, 2012 4:47am
ok
price is in a narrow range
2939
2921
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