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Trading EURUSD only

  • #11,061
  • Nov 8, 2012 5:16pm Nov 8, 2012 5:16pm
Quoting stevewalker
now
what is happening;

price is climbing up with asceding bottom to 2755
after climbed over 2740 it has also flat bottom.

if ti can break up it will strat moving step by step
but if it breaks down it most probably waterfall.
are you waiting for break of 2760 for long or to short?

and if 2700 breaks are you adding short or long?

just trying to put a strategy on certain price levels

thanks,

G
Wooooohooooo or Boooooohooooo
  • #11,062
  • Nov 8, 2012 5:16pm Nov 8, 2012 5:16pm
& probsbly we will until tokyo

Quoting stevewalker
how much buy left @ 2740
how much sell left @ 2755

this will make the desecion
destiny placed & planned
we only waiting to see it.
  • #11,063
  • Nov 8, 2012 5:22pm Nov 8, 2012 5:22pm
Actual REZ 2755
Actual SUP 2736/40

- MKT Bear but US is not allowing it to go down fin this week for sure
- every attamp done by EU is strongly defended by US
- actually I am long with small size.
- today traded both & short & suffered with reject from 2719
- while actual MKT is BEAR, on election day price peak up 2882 & roll down to break 2755 ( triggered 90 pip range short pendings )
- but US was waiting @ 2740 & rejected.
- now with lower lows @ 1H & 4H MKT is reversing or we can say neutarlizing
- my guess is it will try to move up by the pressure of US manuplation


Quoting gnomoneey
are you waiting for break of 2760 for long or to short?

and if 2700 breaks are you adding short or long?

just trying to put a strategy on certain price levels

thanks,

G
  • #11,064
  • Nov 8, 2012 5:25pm Nov 8, 2012 5:25pm
what we dont know is left pendings waiting there
so 1/2 blind

Quoting stevewalker
Actual REZ 2755
Actual SUP 2736/40

- MKT Bear but US is not allowing it to go down fin this week for sure
- every attamp done by EU is strongly defended by US
- actually I am long with small size.
- today traded both & short & suffered with reject from 2719
- while actual MKT is BEAR, on election day price peak up 2882 & roll down to break 2755 ( triggered 90 pip range short pendings )
- but US was waiting @ 2740 & rejected.
- now with lower lows @ 1H & 4H MKT is reversing or we can say neutarlizing
- my guess is it will try to move up...
  • #11,065
  • Nov 8, 2012 5:26pm Nov 8, 2012 5:26pm
Quoting gnomoneey
are you waiting for break of 2760 for long or to short?

and if 2700 breaks are you adding short or long?

just trying to put a strategy on certain price levels

thanks,

G

if 2700 breaks euro will fall like a stone. but i think 2700 is strong support.
if break it will be a strong down trend on weekly base.
Only God can judge me.
  • #11,066
  • Nov 8, 2012 5:28pm Nov 8, 2012 5:28pm
even if ti break up
it may rejected from each level indicated with white arrows @ 1H & 4H

which are
2758
2768
2781
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  • #11,067
  • Nov 8, 2012 5:29pm Nov 8, 2012 5:29pm
steve do you use EA for BE and trail stops?
  • #11,068
  • Nov 8, 2012 5:30pm Nov 8, 2012 5:30pm
I heard that stone fall for every level it breaked


Quoting kool190
if 2700 breaks euro will fall like a stone. but i think 2700 is strong support.
if break it will be a strong down trend on weekly base.
  • #11,069
  • Nov 8, 2012 5:31pm Nov 8, 2012 5:31pm
no
only equity Protection with max %14 DD
EA closes all trades in the case of %14 DD
which is good.
it it happens I stop trading for day or week

Quoting Peepo
steve do you use EA for BE and trail stops?
  • #11,070
  • Nov 8, 2012 5:34pm Nov 8, 2012 5:34pm
did you notice anything with the 15M CZ related with the one before?
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  • #11,071
  • Nov 8, 2012 5:37pm Nov 8, 2012 5:37pm
I´m afraid we are building a bearish pennant on 4 hours...going to read your posts, maybe this is not such important!!maybe bad for longs, even more beyond the screen
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  • #11,072
  • Nov 8, 2012 5:38pm Nov 8, 2012 5:38pm
Quoting stevewalker
I heard that stone fall for every level it breaked
i dont know, it looks this week for soo perfectly down fall. maybe it was to perfect, no one dared to buy so no more people sell

i believe in 2700, if bounce i will be thereee to buuuyyyyyyy
Only God can judge me.
  • #11,073
  • Nov 8, 2012 5:38pm Nov 8, 2012 5:38pm
Quoting stevewalker
did you notice anything with the 15M CZ related with the one before?
yes , quite similar.
  • #11,074
  • Nov 8, 2012 5:43pm Nov 8, 2012 5:43pm
bro´s, I´m more afraid, these pin bar on daily means continuation trend...I´m changing the chip and trying only to short...that´s forex!
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  • #11,075
  • Nov 8, 2012 5:44pm Nov 8, 2012 5:44pm
second one is penetrated into the one before.

this tells 2 things
- some traders ( BIG ) could not consolidate the last drop & gaining more time to consolidate
- some traders ( BIG ) trying to stop the drop & reverse it

this we can not know

Quoting stevewalker
did you notice anything with the 15M CZ related with the one before?
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  • #11,076
  • Nov 8, 2012 5:44pm Nov 8, 2012 5:44pm
Quoting xandi
I´m afraid we are building a bearish pennant on 4 hours...going to read your posts, maybe this is not such important!!maybe bad for longs, even more beyond the screen
i have divergence on h4 screen, so im careful about 2700 support
Only God can judge me.
  • #11,077
  • Nov 8, 2012 5:45pm Nov 8, 2012 5:45pm
Quoting xandi
I´m afraid we are building a bearish pennant on 4 hours...going to read your posts, maybe this is not such important!!maybe bad for longs, even more beyond the screen
I saw it also. Not sure what to do so I will stand aside.

AUS/USD seems to have better PA right now.
"My 2 cents"
  • #11,078
  • Nov 8, 2012 5:45pm Nov 8, 2012 5:45pm
Quoting xandi
bro´s, I´m more afraid, these pin bar on daily means continuation trend...I´m changing the chip and trying only to short...that´s forex!
already shorted at 45..going to know your opinion, specially yours steve, I see already some charts!
  • #11,079
  • Nov 8, 2012 5:45pm Nov 8, 2012 5:45pm
xandi
those all discussed today
at the end there are only 2 poss not 3 he he
so it will got either way.

my guess it is not ready to go down

but it may drop after 1 min

Quoting xandi
bro´s, I´m more afraid, these pin bar on daily means continuation trend...I´m changing the chip and trying only to short...that´s forex!
  • #11,080
  • Nov 8, 2012 5:47pm Nov 8, 2012 5:47pm
as we can not see orderbook
we trade 1/2 blind regarding to the stock traders
this is our disadvantage

we should suffer & make a desecion


Quoting stevewalker
xandi
those all discussed today
at the end there are only 2 poss not 3 he he
so it will got either way.

my guess it is not ready to go down

but it may drop after 1 min
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