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Trading EURUSD only

  • #8,041
  • Nov 4, 2012 9:39am Nov 4, 2012 9:39am
Quoting dashlat
http://www.pcmupload.com/di-Q4XV.gif
The brown MA is the 50ma...?
  • #8,042
  • Nov 4, 2012 9:40am Nov 4, 2012 9:40am
no SL
just will float.

Quoting stevewalker
when looking weekly chart
I think I should open a short with 0.10 lot or so & forget it for some months!!!
  • #8,043
  • Nov 4, 2012 9:41am Nov 4, 2012 9:41am
W1 chart
Attached Image (click to enlarge)
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  • #8,044
  • Nov 4, 2012 9:42am Nov 4, 2012 9:42am
Quoting stevewalker
when looking weekly chart
I think I should open a short with 0.10 lot or so & forget it for some months!!!
I agree...and that is my plan ...but to add more if I add now before the PB I find it dangerous.....
  • #8,045
  • Nov 4, 2012 9:45am Nov 4, 2012 9:45am
2746 W1
2740 D1
Attached Image (click to enlarge)
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  • #8,046
  • Nov 4, 2012 9:45am Nov 4, 2012 9:45am
And one more thing that confuses me BIG TIME.....is my correlation pairs do not agree with this move....so I will play it cautious till all are in agreement....
I will not let my greed take over....a plan is a plan......
I know it looks long term crazy short.....but.....
  • #8,047
  • Nov 4, 2012 9:45am Nov 4, 2012 9:45am
Quoting dashlat
http://www.pcmupload.com/di-Q4XV.gif
Hi Dashlat,

inside wave 3 you would have an wave 1 wave 4 overlap


so now you have to decide:


is this impulse down a leading diagonal (then it is OK, but we then would expect shurely the demise of EUR), or do you think it is an ending diagonal (then all moves inside would be ABC movements)?
  • #8,048
  • Nov 4, 2012 9:49am Nov 4, 2012 9:49am
Quoting 4xPIPAHOLIC
And one more thing that confuses me BIG TIME.....is my correlation pairs do not agree with this move....so I will play it cautious till all are in agreement....
I will not let my greed take over....a plan is a plan......
I know it looks long term crazy short.....but.....
And this is seriously like a "magnet" one has to pull the other in it's direction...hopefully it will be the EUR/USD.....that is in the right direction...
  • #8,049
  • Nov 4, 2012 9:52am Nov 4, 2012 9:52am
will learn by asking. he he

Hi Infinitus

why not those points named as #3 & #4 ??

Quoting infinitus
Hi Dashlat,

inside wave 3 you would have an wave 1 wave 4 overlap


so now you have to decide:


is this impulse down a leading diagonal (then it is OK, but we then would expect shurely the demise of EUR), or do you think it is an ending diagonal (then all moves inside would be ABC movements)?
Attached Image (click to enlarge)
Click to Enlarge Name: di-Q4XV.gif Size: 25 KB
  • #8,050
  • Nov 4, 2012 9:54am Nov 4, 2012 9:54am
is the answer

due "4?" is higher then "1" ?
Quoting stevewalker
will learn by asking. he he

Hi Infinitus

why not those points named as #3 & #4 ??
  • #8,051
  • Nov 4, 2012 9:55am Nov 4, 2012 9:55am
which one 200 MA ?

Quoting Sixpack73
here's my 2 cents but take it with a grain of salt....i've been wrong plenty of times before lol

i'm seeing somewhat of a consolidation on the D1 since september. indecision, or building a level to continue upward from.

election is coming up in US, and job reports last week were fairly positive. meanwhile in EU, hopium still runs high as always. they seem determined to solve the issues.

anyway, as for the chart.... we didnt close below the 200ma. it was a strong bear move down, but so it was on 10/9.

good chance of a reversal...
  • #8,052
  • Nov 4, 2012 9:56am Nov 4, 2012 9:56am
My MA's crossed downward, eur is being sold against many other currencies. PA is down. I am short. Do not care about EW. If trader starts using too many indications and MAs and methods he could get frozen and unable to make trading decisions. Things must be kept simple.
  • #8,053
  • Nov 4, 2012 9:57am Nov 4, 2012 9:57am
you basicly saying

I am Short, forget the rest

Quoting shiko
My MA's crossed downward, eur is being sold against many other currencies. PA is down. I am short. Do not care about EW. If trader starts using too many indications and MAs and methods he could get frozen and unable to make trading decisions. Things must be kept simple.
  • #8,054
  • Nov 4, 2012 10:00am Nov 4, 2012 10:00am
which crosses are you waiting for supporting down move?

Quoting 4xPIPAHOLIC
And this is seriously like a "magnet" one has to pull the other in it's direction...hopefully it will be the EUR/USD.....that is in the right direction...
  • #8,055
  • Nov 4, 2012 10:00am Nov 4, 2012 10:00am
im really interested in the fundamental data for tomorrow.
i think wait and follow trend, but if i have to chose now i would sell. maybe next stop in a few weeks by 1.2450.
german lieing stupid economy expert said greece will maybe reduce debt to zero in 10 years. greece will never reduce debt, not a little bit. debt cut would be an exception.
greece economy is down and spain and portugal, too. only germany have good economy data, and germany need more and more for their exports a down currency rating.
so i think the qustion is what do the US?
in general i think sell on weekly base should be not wrong.
regards
Only God can judge me.
  • #8,056
  • Nov 4, 2012 10:01am Nov 4, 2012 10:01am
I agree with shiko that too many indicators and filters can confuse a good trade....
but I also agree when someone has a proven system and uses some filters with success.....he should stick to his plan.....
All of us trade in a unique way.....every successful trader trades a system that he has made his own....
my 2 cents...
  • #8,057
  • Nov 4, 2012 10:09am Nov 4, 2012 10:09am
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 18 KB

Then my broker will open, I'll set buy limit with 15 SL. After 30-40pips move to BE and wait for 70-80 TP
  • #8,058
  • Nov 4, 2012 10:10am Nov 4, 2012 10:10am
I think retracement will show up soon providing good opportunities for going long.

Quoting shiko
My MA's crossed downward, eur is being sold against many other currencies. PA is down. I am short. Do not care about EW. If trader starts using too many indications and MAs and methods he could get frozen and unable to make trading decisions. Things must be kept simple.
  • #8,059
  • Nov 4, 2012 10:11am Nov 4, 2012 10:11am
you say we will have major support @ 2800
correct?
Quoting fraktalas
Attachment
Then my broker will open, I'll set buy limit with 15 SL. After 30-40pips move to BE and wait for 70-80 TP
  • #8,060
  • Nov 4, 2012 10:11am Nov 4, 2012 10:11am
Quoting stevewalker
which crosses are you waiting for supporting down move?
On Friday I mentioned that the yen has to get stronger in order for the E/U to fall strong......go back and check the charts.....
The E/U....was dropping but the crazy move came when the G/J started dropping as well.....
The US $ and Yen are like brother sister......they will move in there direction, but for a very strong move on the pairs they have to move in tandem.....
Just my thoughts....
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