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Trading EURUSD only

  • #12,181
  • Nov 12, 2012 7:25pm Nov 12, 2012 7:25pm
money is in second place.
the main issue for me the wrong descion.
it hurt much more then POSS loss.
  • #12,182
  • Nov 12, 2012 7:26pm Nov 12, 2012 7:26pm
no offense
you trade 3min chart
I just can not follow

Quoting shellsnail
I trade via TL breaks and retrace, so I can take very quick entries and 5 pip exits.

I use EA to add T/P and SL.
  • #12,183
  • Nov 12, 2012 7:27pm Nov 12, 2012 7:27pm
ok
lets see what bring us reject from 2690
  • #12,184
  • Nov 12, 2012 7:28pm Nov 12, 2012 7:28pm
Quoting stevewalker
no offense
you trade 3min chart
I just can not follow
O.K. see 30min chart now nice pattern.

planning to enter on 50% retrace.
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  • #12,185
  • Nov 12, 2012 7:31pm Nov 12, 2012 7:31pm
guys & gals
I tade with 1:500 leverage as written @ 1st page
& I use that advantage combined with low %risk/trade to save some of POSS loosers with heavy size trades.
also have %14DD exit secutiry.

without those ;
- Trading with different Lot sizes is extremly dangerous. Do Not attemp before getting experienced Trader

FYI
  • #12,186
  • Nov 12, 2012 7:31pm Nov 12, 2012 7:31pm
1.27568 back in play imo.
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  • #12,187
  • Nov 12, 2012 7:34pm Nov 12, 2012 7:34pm
my friend
price below all important Fb levels & SUP & TL including 1H& 4H
how did you come to that conclusion

Quoting shellsnail
1.27568 back in play imo.
  • #12,188
  • Nov 12, 2012 7:35pm Nov 12, 2012 7:35pm
it breaked down all below like a sunday walk!

Quoting stevewalker
my friend
price below all important Fb levels & SUP & TL including 1H& 4H
how did you come to that conclusion
  • #12,189
  • Nov 12, 2012 7:35pm Nov 12, 2012 7:35pm
most important is below 2700

Quoting stevewalker
it breaked down all below like a sunday walk!
  • #12,190
  • Nov 12, 2012 7:37pm Nov 12, 2012 7:37pm
Quoting stevewalker
my friend
price below all important Fb levels & SUP & TL including 1H& 4H
how did you come to that conclusion
because price failed to close below previous lows yet, so the impulse is still valid, this looks like it is a very deep pullback.
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  • #12,191
  • Nov 12, 2012 7:37pm Nov 12, 2012 7:37pm
our long desecion was wrong.
first we should say that to ourselves. confess
then will look for new trades with understanding actul technicals

Quoting stevewalker
most important is below 2700
  • #12,192
  • Nov 12, 2012 7:39pm Nov 12, 2012 7:39pm
Quoting stevewalker
our long desecion was wrong.
first we should say that to ourselves. confess
then will look for new trades with understanding actul technicals
im being objective here, if price closed below that low I wld say I was wrong but it didn't so it's still a valid set-up.
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  • #12,193
  • Nov 12, 2012 7:39pm Nov 12, 2012 7:39pm
look @ that bars
price carried down to break all

Quoting stevewalker
our long desecion was wrong.
first we should say that to ourselves. confess
then will look for new trades with understanding actul technicals
Attached Image (click to enlarge)
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  • #12,194
  • Nov 12, 2012 7:39pm Nov 12, 2012 7:39pm
Quoting stevewalker
our long desecion was wrong.
first we should say that to ourselves. confess
then will look for new trades with understanding actul technicals
im going to sleep but in 8h30 i'll be back, longs are never safe even with extreme low volatibility today it reached the low of friday it will go down this double bottom won't be respected!

Longs = counter trade
  • #12,195
  • Nov 12, 2012 7:41pm Nov 12, 2012 7:41pm
1H was CZ for down.
I traded long due to 4H fractal formation but did not work.
so actually insisting on long will be quite funny until we see a lower low
Quoting shellsnail
im being objective here, if price closed below that low I wld say I was wrong but it didn't so it's still a valid set-up.
  • #12,196
  • Nov 12, 2012 7:41pm Nov 12, 2012 7:41pm
Quoting Farrusco
im going to sleep but in 8h30 i'll be back, longs are never safe even with extreme low volatibility today it reached the low of friday it will go down this double bottom won't be respected!

Longs = counter trade
my view is -> price has penetrated 4HR downtrend line immediately after forming a fractal low -> clear signal that trend has changed, we are just seeing a pullback, these lows are time to get long. Short is a counter-trend here.
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  • #12,197
  • Nov 12, 2012 7:41pm Nov 12, 2012 7:41pm
agreed
see you

Quoting Farrusco
im going to sleep but in 8h30 i'll be back, longs are never safe even with extreme low volatibility today it reached the low of friday it will go down this double bottom won't be respected!

Longs = counter trade
  • #12,198
  • Nov 12, 2012 7:44pm Nov 12, 2012 7:44pm
entered long at 1.6945.
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  • #12,199
  • Nov 12, 2012 7:44pm Nov 12, 2012 7:44pm
for me entering a trade from 2720 & starting moving up from 2690 is a failed trade.

30 pip wrong entry.

if it move from here to 3000 I dont care, those entrys were wrong.
I am not fishing
trading
  • #12,200
  • Nov 12, 2012 7:44pm Nov 12, 2012 7:44pm
Quoting shellsnail
my view is -> price has penetrated 4HR downtrend line immediately after forming a fractal low -> clear signal that trend has changed, we are just seeing a pullback, these lows are time to get long. Short is a counter-trend here.

Don't get me wrong. Today 0 volatibility and still it goes to friday low? It means tomorrow with more volatibility movements up and movements down are stronger and guess who is going to win?

Just see dollar index is going up, stocks going down just a matter of time till eur usd reaches the low target.

Remember banks play an important role, dollar strong is good, eur weak is good so why not make it happen, follow the market leave the fundamentals to the big boys if they want it lower just catch the train and get pips, see you guys tomorrow i'll be back for pips. Let's WIN!
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