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Trading EURUSD only

  • #11,201
  • Nov 9, 2012 3:05am Nov 9, 2012 3:05am
Quoting Stimulus
I am more concerned with 1.2732 myself. It is the H1 fractal for the up move to 1.2788.
If we break 1.2732 I will move stops to BE+1, and wait for yesterday lows to be tested.
Stopped here for now....i want continuation darnit.
"My 2 cents"
  • #11,202
  • Nov 9, 2012 3:09am Nov 9, 2012 3:09am
Quoting Cjf
Good mornng guys.
GM
  • #11,203
  • Nov 9, 2012 3:13am Nov 9, 2012 3:13am
EUR/USD Drops Slightly Further, But Euro Losses Limited: ECB and BoE meetings didn't really affect FX markets.
http://www.actionforex.com/analysis/...0121109178131/
  • #11,204
  • Nov 9, 2012 3:13am Nov 9, 2012 3:13am
Quoting wingou
Ok I wasn't very precise on when it will hapening, but does someone took it ?
A few of us posted entries in that upper region. The rest are quiet observers it seems.
"My 2 cents"
  • #11,205
  • Nov 9, 2012 3:14am Nov 9, 2012 3:14am
Quoting Pacientia
EUR/USD Drops Slightly Further, But Euro Losses Limited: ECB and BoE meetings didn't really affect FX markets.
http://www.actionforex.com/analysis/...0121109178131/
I enjoy that site also, but I take certain news as a mood indicator, not a signal to enter or exit.
"My 2 cents"
  • #11,206
  • Nov 9, 2012 3:21am Nov 9, 2012 3:21am
Fractals, I hear Steven is talking a lot about them. i wonder what it is. going to google but still. would be nice to hear form guys profficient in using them.

Quoting Stimulus
For now, I am proficient in using pivots, TLs, Fibos and most important Fractals. I base trendlines off the fractals, since algorithms of most EA do the same.
  • #11,207
  • Nov 9, 2012 3:23am Nov 9, 2012 3:23am
Quoting Pacientia
EUR/USD Drops Slightly Further, But Euro Losses Limited: ECB and BoE meetings didn't really affect FX markets.
http://www.actionforex.com/analysis/...0121109178131/
This was actually good info. Thanks for pointing it out.
"My 2 cents"
  • #11,208
  • Nov 9, 2012 3:26am Nov 9, 2012 3:26am
Quoting shiko
Fractals, I hear Steven is talking a lot about them. i wonder what it is. going to google but still. would be nice to hear form guys profficient in using them.
Fractals are 5 candles with middle one being highest or lowest in the timefram viewing. Give yourself the middle finger, if you see candle formation like that, fractal forming. Widely recognized indicator by all markets and timeframes.
"My 2 cents"
  • #11,209
  • Nov 9, 2012 3:29am Nov 9, 2012 3:29am
Quoting Stimulus
Fractals are 5 candles with middle one being highest or lowest in the timefram viewing. Give yourself the middle finger, if you see candle formation like that, fractal forming. Widely recognized indicator by all markets and timeframes.
Fractals are used to form the most recognizable Trendlines. Otherwise trendlines are subject to the discretion of the user and not common to all traders and EAs.
"My 2 cents"
  • #11,210
  • Nov 9, 2012 3:31am Nov 9, 2012 3:31am
Exit my short from 1.27772
  • #11,211
  • Nov 9, 2012 3:32am Nov 9, 2012 3:32am
Quoting Stimulus
Fractals are used to form the most recognizable Trendlines. Otherwise trendlines are subject to the discretion of the user and not common to all traders and EAs.
Just by adding fractal based trendlines and S/R will improve your trend recognition and signal better entries and exits. The only dilema is "what fractal will the market makers adhere to?"
"My 2 cents"
  • #11,212
  • Nov 9, 2012 3:34am Nov 9, 2012 3:34am
Quoting ckyon1
Exit my short from 1.27772
nice pips. Its friday, now you have some in your pocket you can enjoy the day.
"My 2 cents"
  • #11,213
  • Nov 9, 2012 3:35am Nov 9, 2012 3:35am
Looks like H&S or in new talk P&B formation ?

Quoting Stimulus
Fractals are 5 candles with middle one being highest or lowest in the timefram viewing. Give yourself the middle finger, if you see candle formation like that, fractal forming. Widely recognized indicator by all markets and timeframes.
  • #11,214
  • Nov 9, 2012 3:35am Nov 9, 2012 3:35am
GM everybody.

Took a long from 33. Nice rejection from 2 fiblines on 5MIN Chart (added).
If price stays above 2728 we might be forming a inverted H&S on 15min channel with neckline on 90-92. If price breaks that line target would be 2850.
Yesterday we touched 5th hourly fibchannel from the high 3020 (on my chart marked as beige channel with "reverse poss." written on it) which indicates a reverse possibility. If price breaks that line (2720) we are still in bear territory. Right now i will be sitting on my long.
have a nice trading day everybody
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  • #11,215
  • Nov 9, 2012 3:41am Nov 9, 2012 3:41am
good day
  • #11,216
  • Nov 9, 2012 3:42am Nov 9, 2012 3:42am
Quoting stevewalker
good day
Good day to you
  • #11,217
  • Nov 9, 2012 3:43am Nov 9, 2012 3:43am
Quoting stevewalker
good day
GM
  • #11,218
  • Nov 9, 2012 3:43am Nov 9, 2012 3:43am
Quoting nztrader
Yep the selling pressure is definitely there...
Kio Ora I am a new kid on the block. Could you tell me how you determine selling pressure?
  • #11,219
  • Nov 9, 2012 3:45am Nov 9, 2012 3:45am
GM
Quoting mok1one
GM everybody.

Took a long from 33. Nice rejection from 2 fiblines on 5MIN Chart (added).
If price stays above 2728 we might be forming a inverted H&S on 15min channel with neckline on 90-92. If price breaks that line target would be 2850.
Yesterday we touched 5th hourly fibchannel from the high 3020 (on my chart marked as beige channel with "reverse poss." written on it) which indicates a reverse possibility. If price breaks that line (2720) we are still in bear territory. Right now i will be sitting on my long.
have a nice trading day...
  • #11,220
  • Nov 9, 2012 3:47am Nov 9, 2012 3:47am
GM Steve
Quoting stevewalker
good day
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