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Trading EURUSD only

  • #5,281
  • Oct 26, 2012 9:42am Oct 26, 2012 9:42am
Quoting Stimulus
Xandi im with you on new highs. You cut thru the wick with TL to justify entry. So, if it were me i would still respect the lowest wick with SL. I want confirmation before I go big long again. Fridays can be very deceiving, especuially towards end of the month.
I do that often, cut the shadow/wick with trend line. on daily we can see the previous bottom of triangle worked in that way, so I donīt expect any lower next week than this 1.2930/50...
  • #5,282
  • Oct 26, 2012 9:46am Oct 26, 2012 9:46am
Quoting Stimulus
Daily pivot just respected. That was perfect entry for short term traders to take some fast pips.
f"$, I shorted at 1.3050 but only hold it for 7 pips..though, could be worst and I assume this week were not a good week for trading, with a lot of traps!
http://www.forexfactory.com/xandi/56
  • #5,283
  • Oct 26, 2012 9:52am Oct 26, 2012 9:52am
Quoting xandi
f"$, I shorted at 1.3050 but only hold it for 7 pips..though, could be worst and I assume this week were not a good week for trading, with a lot of traps!
http://www.forexfactory.com/xandi/56
it is tough for this week, down to hell.
  • #5,284
  • Oct 26, 2012 9:57am Oct 26, 2012 9:57am
Quoting xandi
I do that often, cut the shadow/wick with trend line. on daily we can see the previous bottom of triangle worked in that way, so I donīt expect any lower next week than this 1.2930/50...
I see your trade. Tell me if this is it?
Attached Image (click to enlarge)
Click to Enlarge Name: xandi PA.png Size: 56 KB
"My 2 cents"
  • #5,285
  • Oct 26, 2012 10:07am Oct 26, 2012 10:07am
Quoting Stimulus
I see your trade. Tell me if this is it?
Iīm saving your chart, pretty possible, the range of body candle on weekly next week is extremelly tight on 1.2944/1.3000...so naybe the narrowing zone will be broken for sure next week...but before that, expect more traps on breaking the triangle and mooving to inside that 1.2944/1.3000...difficult for now...
  • #5,286
  • Oct 26, 2012 10:29am Oct 26, 2012 10:29am
Quoting xandi
Iīm saving your chart, pretty possible, the range of body candle on weekly next week is extremelly tight on 1.2944/1.3000...so naybe the narrowing zone will be broken for sure next week...but before that, expect more traps on breaking the triangle and mooving to inside that 1.2944/1.3000...difficult for now...

I try to visualize both bull and bear scenarios. Im primary bear until PA breaks 1.30243 25 Oct high at 0400 ET. Sorry dont do GMT.

Either way im hedged for upmove till then. I will close shorts if it goes into bull zone for me. I will close longs below 1.2900 and still make profit. I dont always headge but 1.2880 was a possible support are to go back up.
"My 2 cents"
  • #5,287
  • Oct 26, 2012 10:35am Oct 26, 2012 10:35am
Quoting Stimulus
Hello Xandi,

You have been long/bullish for awhile. Maybe the sun will shine on you soon, but for now the market is in bearish correction before next up move. If this minor move up goes past 1.3000 on 8hr close I will look up instead of down. Take care.
thanks bro!!I simply was trapped thinking that triangle zone was definitly broken..try not to happen in future..the problen is I was stopped out 3 times and after price went back to my TP when I would be Breakeven, 1.3020, but I was not there anymore!!!typpical forex!! all the best bro!
  • #5,288
  • Oct 26, 2012 10:42am Oct 26, 2012 10:42am
I do like your entry signal. I got long for hedge 1.2920.
I dont know your SL, that is my only concern. Bull may come soon, but shorts closed this friday with fear, so i think one push down to really screw with both fresh longs.
"My 2 cents"
  • #5,289
  • Oct 26, 2012 10:44am Oct 26, 2012 10:44am
.
Attached Image (click to enlarge)
Click to Enlarge Name: q3.jpg Size: 368 KB
  • #5,290
  • Oct 26, 2012 10:47am Oct 26, 2012 10:47am
short @2930

1/2 NR
  • #5,291
  • Edited 10:56am Oct 26, 2012 10:54am | Edited 10:56am
Steve,

I like the 4hr DTL, the thick red on your chart, to sell from. I would like to see the PA move up along light blue AscendingTL its touching right now. Here is middle ground, anything goes here.

http://www.forexfactory.com/showthre...35#post6136735
Attached Image (click to enlarge)
Click to Enlarge Name: Middle Ground.png Size: 67 KB
"My 2 cents"
  • #5,292
  • Oct 26, 2012 11:01am Oct 26, 2012 11:01am
as soon as it stays thick Red & Yellow no worries for shorts.
but it may print a new one

Quoting Stimulus
Steve,

I like the 4hr DTL, the thick red on your chart, to sell from. I would like to see the PA move up along light blue AscendingTL its touching right now. Here is middle ground, anything goes here.

http://www.forexfactory.com/showthre...35#post6136735
  • #5,293
  • Oct 26, 2012 11:05am Oct 26, 2012 11:05am
1M is preparing for move
  • #5,294
  • Oct 26, 2012 11:07am Oct 26, 2012 11:07am
Quoting stevewalker
as soon as it stays thick Red & Yellow no worries for shorts.
but it may print a new one
I donīt think today we will se more action, the price is just where it wants to be and in my opinion it wants to close => 2930...

iīm out and trying to recover step by step previous stopped trades!
  • #5,295
  • Oct 26, 2012 11:07am Oct 26, 2012 11:07am
EU, ECB: Spain 'Bad Bank' Will be Operational from Dec 1

is this reason for euro moving up....???

Seems yes....
  • #5,296
  • Oct 26, 2012 11:09am Oct 26, 2012 11:09am
Quoting stevewalker
as soon as it stays thick Red & Yellow no worries for shorts.
but it may print a new one
i used to run auto trend lines but it posts some weird stuff for me. what version do you run?
"My 2 cents"
  • #5,297
  • Oct 26, 2012 11:10am Oct 26, 2012 11:10am

Quoting xandi
I donīt think today we will se more action, the price is just where it wants to be and in my opinion it wants to close => 2930...

iīm out and trying to recover step by step previous stopped trades!
  • #5,298
  • Oct 26, 2012 11:10am Oct 26, 2012 11:10am
self version

Quoting Stimulus
i used to run auto trend lines but it posts some weird stuff for me. what version do you run?
  • #5,299
  • Oct 26, 2012 11:11am Oct 26, 2012 11:11am
US riding it UP.

for weak $

Quoting sam14985
EU, ECB: Spain 'Bad Bank' Will be Operational from Dec 1

is this reason for euro moving up....???

Seems yes....
  • #5,300
  • Oct 26, 2012 11:14am Oct 26, 2012 11:14am
WWIII =~ Currency Wars
every country try to save its back

Quoting stevewalker
US riding it UP.

for weak $
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