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Trading EURUSD only

  • #7,721
  • Nov 2, 2012 8:40am Nov 2, 2012 8:40am
Quoting DizzyP
My long is looking very grim...

My opinion it will touch 38 and 30 first than move upto 87 and down again.
  • #7,722
  • Nov 2, 2012 8:41am Nov 2, 2012 8:41am
just thinking lougly
may be it is waiting for this
4:00pm USD Factory Orders m/m
  • #7,723
  • Nov 2, 2012 8:42am Nov 2, 2012 8:42am
30MIN chart looks like it wants to test the low again if not lower.
  • #7,724
  • Nov 2, 2012 8:42am Nov 2, 2012 8:42am
I'm guessing when america comes into play, this consolidation will break, and I guess it will break down HARD
  • #7,725
  • Nov 2, 2012 8:42am Nov 2, 2012 8:42am
Quoting stevewalker
it did not move up with the news
waved in 15 pip range with 5 pip spread.
&
pending shorts did not triggered from higher levels.
that was a planned move.
This is why my long is not going so well...I'm not used to the scalping yet
  • #7,726
  • Nov 2, 2012 8:43am Nov 2, 2012 8:43am
no thats why your long did not stop out yet

Quoting DizzyP
This is why my long is not going so well...I'm not used to the scalping yet
  • #7,727
  • Nov 2, 2012 8:45am Nov 2, 2012 8:45am
Closed 1 short +105 pips...
  • #7,728
  • Nov 2, 2012 8:46am Nov 2, 2012 8:46am
Didnt think of that....Thanks for all the advice...This thread is awesome!!
  • #7,729
  • Nov 2, 2012 8:46am Nov 2, 2012 8:46am
Quoting 4xPIPAHOLIC
Closed 1 short +105 pips...
Nice
  • #7,730
  • Nov 2, 2012 8:46am Nov 2, 2012 8:46am
huh
super

Quoting 4xPIPAHOLIC
Closed 1 short +105 pips...
  • #7,731
  • Nov 2, 2012 8:47am Nov 2, 2012 8:47am
5M 15M looking down very strong
  • #7,732
  • Nov 2, 2012 8:48am Nov 2, 2012 8:48am
just shorted, I'm safe cause I Know ny session will bear this
  • #7,733
  • Nov 2, 2012 8:48am Nov 2, 2012 8:48am
It looks like it "should" pull back ......but this is a crazy market.....
  • #7,734
  • Nov 2, 2012 8:48am Nov 2, 2012 8:48am
but
no momentum
why is so slow today with all news !!!

Quoting stevewlker
5M 15M looking down very strong
  • #7,735
  • Nov 2, 2012 8:49am Nov 2, 2012 8:49am
GL
Quoting Farrusco
just shorted, I'm safe cause I Know ny session will bear this
  • #7,736
  • Nov 2, 2012 8:50am Nov 2, 2012 8:50am
today I traded only short.
I dont like to trade Breakouts.
I like pullbacks
but this level can be really DIP for a long time in that news driven MKT
  • #7,737
  • Nov 2, 2012 8:51am Nov 2, 2012 8:51am
Quoting Farrusco
So i guess they did it on purpose so bulls have a chance now =)
Bull died at 1.2882 initial breakdown. They tried to revive but got only got as far as 1.2894.
http://www.forexfactory.com/showthre...80#post6156180

Bear Raid is just consolidating, catching their breath. Short on rallies until 5th wave is done.
"My 2 cents"
  • #7,738
  • Nov 2, 2012 8:51am Nov 2, 2012 8:51am
Quoting stevewalker
5M 15M looking down very strong
Since it has been playing between the 5min channel lines (Gray) i think it will hit the bottom line @ 21-25.
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.JPG Size: 39 KB
  • #7,739
  • Nov 2, 2012 8:51am Nov 2, 2012 8:51am
5th wave is now.
"My 2 cents"
  • #7,740
  • Nov 2, 2012 8:52am Nov 2, 2012 8:52am
closed short gained pips, now waiting for correct move to short again
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