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Trading EURUSD only

  • #16,541
  • Nov 21, 2012 4:02pm Nov 21, 2012 4:02pm
15M printed wave #5 it is not broken yet
is it going to extend it?
or move down?
  • #16,542
  • Nov 21, 2012 4:02pm Nov 21, 2012 4:02pm
Quoting thodie
very nice
TY
  • #16,543
  • Nov 21, 2012 4:02pm Nov 21, 2012 4:02pm
any time
YW

Quoting luckyl
..changed entry for 2nd short from 2835 to 2833.

If it goes higher nothing changes really apart from as little as 2 pips, if it turned around & moved down @ 2834 I'd bite my ass. Now everything is just smooth!

Thanks for the levels, steve!
  • #16,544
  • Nov 21, 2012 4:04pm Nov 21, 2012 4:04pm
D1 2nd DER broken with slope @ 2824
D1 open over it @ 2829
well come BULL MKT
  • #16,545
  • Nov 21, 2012 4:05pm Nov 21, 2012 4:05pm
here
D1 RO
Quoting stevewalker
D1 2nd DER broken with slope @ 2824
D1 open over it @ 2829
well come BULL MKT
Attached Image (click to enlarge)
Click to Enlarge Name: _2.jpg Size: 262 KB
  • #16,546
  • Nov 21, 2012 4:06pm Nov 21, 2012 4:06pm
PS : MKT does not like breaking with slope & close over/below with new bar
there may be a defend to that
Quoting stevewalker
here
D1 RO
  • #16,547
  • Nov 21, 2012 4:07pm Nov 21, 2012 4:07pm
Quoting stevewalker
D1 2nd DER broken with slope @ 2824
D1 open over it @ 2829
well come BULL MKT
PA is all 0ver the place. Lot of fakeys
  • #16,548
  • Nov 21, 2012 4:08pm Nov 21, 2012 4:08pm
regaring to that
SH @ 2827
1/2NS
> 2820 is in danger
FYI

Quoting stevewalker
PS : MKT does not like breaking with slope & close over/below with new bar
there may be a defend to that
  • #16,549
  • Nov 21, 2012 4:08pm Nov 21, 2012 4:08pm
Quoting luckyl
..changed entry for 2nd short from 2835 to 2833.

If it goes higher nothing changes really apart from as little as 2 pips, if it turned around & moved down @ 2834 I'd bite my ass. Now everything is just smooth!

Thanks for the levels, steve!
For everyone, especially newbies:

Don't get this minor change wrong as trading other people's Set Ups/Charts.
The reason I changed my POSS entry is simply, that my 2835 level was only meant to be anywhere below 2841 and above 2830. Being aware of a Price level given by steve DOES NOT CHANGE MY SET UP , just optimizes it by adding a little detail to my short range.

I still advise, we all do, DO TRADE ONLY YOUR OWN CHARTS & ANALYSIS`!

just for the clearance' sake
  • #16,550
  • Nov 21, 2012 4:09pm Nov 21, 2012 4:09pm
Quoting stevewalker
why this makes some big moves @ 05:00 gmt+2
this is very common
but i have no clue why
eu closed
us closed

does any of you have a clue?
the market reaction in last 15 hrs, was an example that technical and fundamental analysis aren't all. Is a force more big
  • #16,551
  • Nov 21, 2012 4:11pm Nov 21, 2012 4:11pm
what/which force?
Quoting Jessiel88h
the market reaction in last 15 hrs, was an example that technical and fundamental analysis aren't all. Is a force more big
  • #16,552
  • Nov 21, 2012 4:11pm Nov 21, 2012 4:11pm
no offense

Quoting luckyl
For everyone, especially newbies:

Don't get this minor change wrong as trading other people's Set Ups/Charts.
The reason I changed my POSS entry is simply, that my 2835 level was only meant to be anywhere below 2841 and above 2830. Being aware of a Price level given by steve DOES NOT CHANGE MY SET UP , just optimizes it by adding a little detail to my short range.

I still advise, we all do, DO TRADE ONLY YOUR OWN CHARTS & ANALYSIS`!

just for the clearance' sake
  • #16,553
  • Nov 21, 2012 4:14pm Nov 21, 2012 4:14pm
as soon as it goes lower will trade long
if
  • #16,554
  • Nov 21, 2012 4:19pm Nov 21, 2012 4:19pm
Quoting stevewalker
what/which force?
yes, a force of demand and supply, that ignoring a trend, technical analysis and fundamental analysis related with a news
  • #16,555
  • Nov 21, 2012 4:20pm Nov 21, 2012 4:20pm
exit SH -5
flat

Quoting stevewalker
regaring to that
SH @ 2827
1/2NS
> 2820 is in danger
FYI
  • #16,556
  • Nov 21, 2012 4:21pm Nov 21, 2012 4:21pm
Quoting stevewalker
D1 2nd DER broken with slope @ 2824
D1 open over it @ 2829
well come BULL MKT
I see major resistance though @284x as you can see in the black "cloud" in the chart below.
It shows actually 50% Fibonacci-level of a longterm downtrend, Fibonacci-Channel of downtrend (red) and fibonacci-channel of the upmove we are in since Oct 13 (blue).

Additionally, RSI from H4 and lower is decently overbought.

---> my guess: up until 284x, then Down to lower levels, at least 2800.
If my SL @2855 is reached, all my down-signals failed and I`ll clear charts and reanalyse.

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-21 23:11:39.png Size: 74 KB
  • #16,557
  • Nov 21, 2012 4:21pm Nov 21, 2012 4:21pm
it is %100 technical
Quoting Jessiel88h
yes, a force of demand and supply, that ignoring a trend, technical analysis and fundamental analysis related with a news
  • #16,558
  • Nov 21, 2012 4:25pm Nov 21, 2012 4:25pm
if I am not worng
it will make a move up
regarding to the D1 chart formation
will wait & try to enter Long from as low as possible.
  • #16,559
  • Nov 21, 2012 4:26pm Nov 21, 2012 4:26pm
here
D1 CT
Quoting stevewalker
if I am not worng
it will make a move up
regarding to the D1 chart formation
will wait & try to enter Long from as low as possible.
Attached Image (click to enlarge)
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  • #16,560
  • Nov 21, 2012 4:27pm Nov 21, 2012 4:27pm
scalp mode off
trend mode on
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