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Trading EURUSD only

  • #11,221
  • Nov 9, 2012 3:47am Nov 9, 2012 3:47am
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...
More reasons i entered long from 2733. On my 1H chart RSI and MACD have a bullish divergence and 4H RSI bullish divergence,which also indicates a reversal in the trend. Until we don't take out 2720 and 2700 im bullish minded .
  • #11,222
  • Nov 9, 2012 3:52am Nov 9, 2012 3:52am
with what speed it goes up, same speed it goes down
  • #11,223
  • Nov 9, 2012 3:53am Nov 9, 2012 3:53am
we are now again building CZ for bears
  • #11,224
  • Nov 9, 2012 3:54am Nov 9, 2012 3:54am
todays US session is important.
this week average range @ US session is ~35 pips

I am expecting a big move.
  • #11,225
  • Nov 9, 2012 3:55am Nov 9, 2012 3:55am
I want to see what M15 and M5 doing before go long or short. In that TF looks like a normal pullback to keep going down at list to yesterday lows.
  • #11,226
  • Nov 9, 2012 3:56am Nov 9, 2012 3:56am
Quiet before a storm.
  • #11,227
  • Nov 9, 2012 3:56am Nov 9, 2012 3:56am
GM,
Steve, Mok1one

i was away a few mins, missed the greetings.

I did like i said yesterday. sold from high, about to exit all shorts before US comes on line.
"My 2 cents"
  • #11,228
  • Nov 9, 2012 3:57am Nov 9, 2012 3:57am
the all reasons I has posted yesterday I taraded long from 2740 & it hit the target.
but it is again rolled down.
now the right side of LOW 2717 is new CZ for bears.

on the other hand I am dead tired. slept only 4 hours. I will watch will not be active.
I am waiting for US session
  • #11,229
  • Nov 9, 2012 4:00am Nov 9, 2012 4:00am
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...
Will post some more ideas and targets for my trade.
I took a look at the fib extensions from yesterdays bottom to asia session high. We had a pullback 76.4 pullback. Extensions targets are:
61.8% = 2778 - same as R1
100% = 2808 - same as R2
161.8% = 2845 - R3+15 - same as 15 and 30 MIN H&S Target would be.
So far seems to be matching, but too early into the session, so waiting game now.
  • #11,230
  • Nov 9, 2012 4:02am Nov 9, 2012 4:02am
Quoting stevewalker
the all reasons I has posted yesterday I taraded long from 2740 & it hit the target.
but it is again rolled down.
now the right side of LOW 2717 is new CZ for bears.

on the other hand I am dead tired. slept only 4 hours. I will watch will not be active.
I am waiting for US session
Wow. I really don't understand how you can keep up with the 4H sleep from day to day. I would be like a zombie. need atleast 6,5H sleep myself. Also i have a dayjob so sleep for me is neccasary
  • #11,231
  • Nov 9, 2012 4:02am Nov 9, 2012 4:02am
Quoting mok1one
Will post some more ideas and targets for my trade.
I took a look at the fib extensions from yesterdays bottom to asia session high. We had a pullback 76.4 pullback. Extensions targets are:
61.8% = 2778 - same as R1
100% = 2808 - same as R2
161.8% = 2845 - R3+15 - same as 15 and 30 MIN H&S Target would be.
So far seems to be matching, but too early into the session, so waiting game now.
I think you are close for your long trade. You may need a big stop, since its friday. It can turn manic then go other direction quickly as London goes offline.
"My 2 cents"
  • #11,232
  • Nov 9, 2012 4:03am Nov 9, 2012 4:03am
Hi mok1
long?
Quoting mok1one
Will post some more ideas and targets for my trade.
I took a look at the fib extensions from yesterdays bottom to asia session high. We had a pullback 76.4 pullback. Extensions targets are:
61.8% = 2778 - same as R1
100% = 2808 - same as R2
161.8% = 2845 - R3+15 - same as 15 and 30 MIN H&S Target would be.
So far seems to be matching, but too early into the session, so waiting game now.
  • #11,233
  • Nov 9, 2012 4:09am Nov 9, 2012 4:09am
Quoting Stimulus
I think you are close for your long trade. You may need a big stop, since its friday. It can turn manic then go other direction quickly as London goes offline.
Will manage Following my plan right now
  • #11,234
  • Nov 9, 2012 4:10am Nov 9, 2012 4:10am
Quoting stevewalker
Hi mok1
long?
yes. Took from lower Fibline rejection. rejected from upper fibline and pirice sitting on lower fibline again. watching what's happening. first trade of the day
  • #11,235
  • Nov 9, 2012 4:12am Nov 9, 2012 4:12am
TY
&
well done

Quoting Stimulus
GM,
Steve, Mok1one

i was away a few mins, missed the greetings.

I did like i said yesterday. sold from high, about to exit all shorts before US comes on line.
  • #11,236
  • Nov 9, 2012 4:12am Nov 9, 2012 4:12am
Quoting mok1one
Will manage Following my plan right now
Yesterdays low has to be taken out for me to recalculate
  • #11,237
  • Nov 9, 2012 4:13am Nov 9, 2012 4:13am
ok
GL
technicals returned to bear again

Quoting mok1one
yes. Took from lower Fibline rejection. rejected from upper fibline and pirice sitting on lower fibline again. watching what's happening. first trade of the day
  • #11,238
  • Nov 9, 2012 4:13am Nov 9, 2012 4:13am
Quoting mok1one
yes. Took from lower Fibline rejection. rejected from upper fibline and pirice sitting on lower fibline again. watching what's happening. first trade of the day
Hi Mok1one where are you SL and TP?
  • #11,239
  • Nov 9, 2012 4:13am Nov 9, 2012 4:13am
if CZ right side of LOW 2717 fails then long again
  • #11,240
  • Nov 9, 2012 4:14am Nov 9, 2012 4:14am
M15 looks like cleaning some SL.
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