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Trading EURUSD only

  • #15,141
  • Nov 19, 2012 10:24am Nov 19, 2012 10:24am
it was even managable if those 2 spikes would be more predictable.
that was the main issue as I was nat able to exit on time.
what ever
will fix it
no worries
he he
Quoting stevewalker
as posted it is climbed over 5M LC
one thing
I was not expecting 2817
when MKT open as posted I was expecting ~2803
tha was managable
but over that killed
  • #15,142
  • Nov 19, 2012 10:25am Nov 19, 2012 10:25am
waiting 2815/17 will heavy short it
  • #15,143
  • Nov 19, 2012 10:26am Nov 19, 2012 10:26am
supports at 12824 and 12882.
TEST
  • #15,144
  • Nov 19, 2012 10:28am Nov 19, 2012 10:28am
For me so far so good - goes to show what a simple theory of the market can do.
  • #15,145
  • Nov 19, 2012 10:29am Nov 19, 2012 10:29am
Hello Guys,

sry to hear that your down by 28 pips steve.
Was a good one for me though, as I could lock in 48 pips with a long from 2776 to 2814...

In general, I asume that EUR MIGHT go up for a longer term now, moving in fibo-ranges as you can see in my chart..
But for now I'm scalping a retracement with short @ 2814 , TP50% 2792 , rest runner all the way down to the fibo-channel bottom with following SL on H1 / H4.
After that looking for a new good entry for long.

What do you guys think?

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-19 17:19:41.png Size: 71 KB
  • #15,146
  • Nov 19, 2012 10:29am Nov 19, 2012 10:29am
Quoting linusjob
I am inclined to do it.... just read this stuff which has come out.........(everything is double speak)

http://www.dailyfx.com/forex/fundame...eriorates.html
Nice...

Sounds logical:

"As the EUR/USD preserves the narrow range carried over from the end of the previous week, the lack of momentum to push back above the 200-Day SMA (1.2805) may ultimately produce a lower top in the exchange rate, and we may see the pair struggle to hold above the 23.6% Fibonacci retracement from the 2009 high to the 2010 low around 1.2640-50 as the EU fails to present a credible solution to address the debt crisis."
  • #15,147
  • Nov 19, 2012 10:30am Nov 19, 2012 10:30am
%14DD exit code closed all trades with last spike
then I took some shorts & recover some
now 28 pips left to BE
& it is not necessery to move BE today.

as said there should be a exit strategy to keep account managable.
  • #15,148
  • Nov 19, 2012 10:32am Nov 19, 2012 10:32am
Quoting luckyl
Hello Guys,

sry to hear that your down by 28 pips steve.
Was a good one for me though, as I could lock in 48 pips with a long from 2776 to 2814...

In general, I asume that EUR MIGHT go up for a longer term now, moving in fibo-ranges as you can see in my chart..
But for now I'm scalping a retracement with short @ 2814 , TP50% 2792 , rest runner all the way down to the fibo-channel bottom with following SL on H1 / H4.
After that looking for a new good entry for long.

What do you guys think?

Attachment
Nice to see you use Fibchannel also. Agree with the long-term bullish sentiment.
  • #15,149
  • Nov 19, 2012 10:33am Nov 19, 2012 10:33am
from that level
it will better to trade shorts then longs
as long has did what it should do

Quoting stevewalker
%14DD exit code closed all trades with last spike
then I took some shorts & recover some
now 28 pips left to BE
& it is not necessery to move BE today.

as said there should be a exit strategy to keep account managable.
  • #15,150
  • Nov 19, 2012 10:33am Nov 19, 2012 10:33am
Quoting meavinash100
Nice...

Sounds logical:

"As the EUR/USD preserves the narrow range carried over from the end of the previous week, the lack of momentum to push back above the 200-Day SMA (1.2805) may ultimately produce a lower top in the exchange rate, and we may see the pair struggle to hold above the 23.6% Fibonacci retracement from the 2009 high to the 2010 low around 1.2640-50 as the EU fails to present a credible solution to address the debt crisis."
I am short at 1.2810
  • #15,151
  • Nov 19, 2012 10:34am Nov 19, 2012 10:34am
Quoting stevewalker
%14DD exit code closed all trades with last spike
then I took some shorts & recover some
now 28 pips left to BE
& it is not necessery to move BE today.

as said there should be a exit strategy to keep account managable.
rather hard to lose 14% in one day but respect for your discipline! that's what makes a long-term profitable trader!
  • #15,152
  • Nov 19, 2012 10:35am Nov 19, 2012 10:35am
he he
TY
no worries
today wasted more 30 pip runners with exit BE
happes


Quoting luckyl
Hello Guys,

sry to hear that your down by 28 pips steve.
Was a good one for me though, as I could lock in 48 pips with a long from 2776 to 2814...

In general, I asume that EUR MIGHT go up for a longer term now, moving in fibo-ranges as you can see in my chart..
But for now I'm scalping a retracement with short @ 2814 , TP50% 2792 , rest runner all the way down to the fibo-channel bottom with following SL on H1 / H4.
After that looking for a new good entry for long.

What do you guys think?

Attachment
  • #15,153
  • Nov 19, 2012 10:36am Nov 19, 2012 10:36am
actually -%8 now

Quoting luckyl
rather hard to lose 14% in one day but respect for your discipline! that's what makes a long-term profitable trader!
  • #15,154
  • Nov 19, 2012 10:36am Nov 19, 2012 10:36am
Quoting linusjob
I am short at 1.2810
I got a lil l8 Sort @ 1.2809 with TP @ 1.2793...Now its all w8 and watch for me...
  • #15,155
  • Nov 19, 2012 10:41am Nov 19, 2012 10:41am
4H last 2 bar upper fractal not vailid
we need a new one
  • #15,156
  • Nov 19, 2012 10:41am Nov 19, 2012 10:41am
My 1min chart macd shows bullish div and hidden bullish div next to each other. Will this play out.
  • #15,157
  • Nov 19, 2012 10:42am Nov 19, 2012 10:42am
Quoting meavinash100
I got a lil l8 Sort @ 1.2809 with TP @ 1.2793...Now its all w8 and watch for me...
See u guys tomorrow. Off to bed !!
  • #15,158
  • Nov 19, 2012 10:43am Nov 19, 2012 10:43am
2 pips ( not exting on 2 pips to BE )
cost me %8
too greed & overtrust
dont the same mistakes
  • #15,159
  • Nov 19, 2012 10:43am Nov 19, 2012 10:43am
Quoting mok1one
Nice to see you use Fibchannel also. Agree with the long-term bullish sentiment.
yeah, played with it over the weekend for getting a feel of wheather it could be of some help for my analysis & it turned out that it really can. So I'm trying to involve them to my analysis every now and then, whenever I feel that the channel i've drawn has some meaning for the current situation.

So far I analyse with a mix of

- Support & Resistance
- Trendlinien, Trendkanäle
- Fibonacci-Retracements
- Fibonacci-Channels
- Relative Strength Index
- Smoothed Moving Average
- Big Numbers

some of them are just some kind of "helpers" to see if I'm on the right track, such as RSI. So they mainly become relevant when they contradict my analysis..

want to add & take a closer look at
- pivot points
- fractals
in the near future, then my "portfolio" of analysis-tools should be wide enough

Do you guys think that this could be a capable mix of tools? Always open to hints or tips
  • #15,160
  • Nov 19, 2012 10:43am Nov 19, 2012 10:43am
see you

Quoting linusjob
See u guys tomorrow. Off to bed !!
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