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EURUSD

  • #723,621
  • Nov 28, 2012 5:09am Nov 28, 2012 5:09am
Quoting cat
Don't really see myself as one, but I've long since found out that provided you have a damned good entry and exit strategy, I profit far more getting in and out than constantly hanging on for the big one, especially in these markets.
What's your trigger then? From how you were responding to Gator, it seemed your timeframe was at the minimum hourly. That is, you have at least 8 hours of London time to get in/out of trades. Hence why a Daily bar is useless to you and anything higher. 2 x 4H is nothing... so it must be hourly that you need a trigger. Here's the rub... you would probably have to go into smaller timeframes to get your good entry/exit but given ADR or ATR... that would mean dividing 100 or 120 pips into 8H.... THEN dividing that into manageable 15MIN and then 5MIN blocks.

Whether you use Fibs or whatever, 120 pips on any given day execpt on news / or event driven times..... would mean 120/8 = 15 pips per hour.
Is that your target? If so, I'd recommend Gleneagles dustbin method which doesn't rely on tops/bottoms etc... but you are bound to 15min of opportunity. Like so as a quickly drawn example?
Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #723,622
  • Nov 28, 2012 5:10am Nov 28, 2012 5:10am
Quoting Freshpips
short targeting 1.2915/6 then 1.29, trailing from 64

Still holding...
  • #723,623
  • Nov 28, 2012 5:10am Nov 28, 2012 5:10am
Stop hunting, watch out.

Fak, they are so evident what's cooking.
They think they are smarter than I am.
  • #723,624
  • Nov 28, 2012 5:11am Nov 28, 2012 5:11am
gone long here 12911 give it around a 30 pip stoploss
rat
  • #723,625
  • Nov 28, 2012 5:11am Nov 28, 2012 5:11am
New low of the day, looking good for bears, lets see how close this 1 H candle.
  • #723,626
  • Nov 28, 2012 5:12am Nov 28, 2012 5:12am
Quoting rattyo
gone long here 12911 give it around a 30 pip stoploss
good call
Trade What You See Not What You Want To See
  • #723,627
  • Nov 28, 2012 5:12am Nov 28, 2012 5:12am
Post 14,237


Quick survey for the EUR/USD (Nov 28, 2012 04:30) ... (Nov 28, 2012 11:00) ...


http://images.forexfactory.net/attach/png.gif 2012-11-28_04h30 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-48 # EY51 (EN Daily, Weekly).PNG (129.8 KB)

http://images.forexfactory.net/attach/png.gif 2012-11-28_11h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-48 # FC51 (EN Daily, Weekly).PNG (133.1 KB)


Outlook for the sessions ahead (WEEK NO. 48) and latest "Trade Hints" for Wednesday (Nov 28, 2012) ...







;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #723,628
  • Nov 28, 2012 5:13am Nov 28, 2012 5:13am
Hmmm... 2907? or is 2882 starting to look sexy?
A pip is only worth it if you know how much you risked to earn it
  • #723,629
  • Nov 28, 2012 5:14am Nov 28, 2012 5:14am
Look at 1.2897 for longs, it may reverse there.

92 if not.
They think they are smarter than I am.
  • #723,630
  • Nov 28, 2012 5:14am Nov 28, 2012 5:14am
Quoting gatorinla
yes.. i dont like long wicks on both ends.. that's what the open year and month are showing atm.. the last 2 years the usdx has closed higher. an average of 117 pips.. going by this we may close the year at 81.41.. atm at 80.41.
above 81.31 is higher then 2010 and 11 close. we did break a high that has tested the retrace . that retrace ended with a doji on the low side. . so if its indicating correctly. 91 usdx is a target.
well they took that low out there so that bar dont mean much now I think...
Look Sharp/Trade Tight
  • #723,631
  • Nov 28, 2012 5:14am Nov 28, 2012 5:14am
Quoting Z3iz3i
Stop hunting, watch out.

Fak, they are so evident what's cooking.
yes well said. its evident bcoz aussie and kiwi not falling. so stops are hunted. but wonder where they are more. i know 08 got hunted
  • #723,632
  • Nov 28, 2012 5:15am Nov 28, 2012 5:15am
ooooo this is hurting me
Trade What You See Not What You Want To See
  • #723,633
  • Nov 28, 2012 5:16am Nov 28, 2012 5:16am
I am short from 1.2920
If something is too good to be true, it’s probably NOT true.
  • #723,634
  • Nov 28, 2012 5:16am Nov 28, 2012 5:16am
Quoting vlady1974
Hmmm... 2907? or is 2882 starting to look sexy?
Okay then.... !

Eyes on 2882 and above. 97 as well.
A pip is only worth it if you know how much you risked to earn it
  • #723,635
  • Nov 28, 2012 5:17am Nov 28, 2012 5:17am
Quoting Toldo
I am short from 1.2920
Good scalp. 20 pips is a normal EU move.
Otherwise known as a dustbin
A pip is only worth it if you know how much you risked to earn it
  • #723,636
  • Nov 28, 2012 5:17am Nov 28, 2012 5:17am
Quoting Toldo
I am short from 1.2920
Trade What You See Not What You Want To See
  • #723,637
  • Nov 28, 2012 5:17am Nov 28, 2012 5:17am
Quoting pipsallday
ooooo this is hurting me
Why did you go in on that breakout?
A pip is only worth it if you know how much you risked to earn it
  • #723,638
  • Nov 28, 2012 5:19am Nov 28, 2012 5:19am
Great timing there on that trade for me not.

Quite confident the US will lift the markets back up in a
few hours time!
rat
  • #723,639
  • Nov 28, 2012 5:19am Nov 28, 2012 5:19am
Quoting Freshpips
short targeting 1.2915/6 then 1.29, trailing from 64

And closed for +64.
  • #723,640
  • Nov 28, 2012 5:20am Nov 28, 2012 5:20am
Quoting vlady1974
Okay then.... !

Eyes on 2882 and above. 97 as well.
The breakout occurred from 2920, above resistance was 30/40. or +10pips
Now at 2900. It's not inconceivable for it to go -20 to 2880.

Giving a range of +10 +20 +20 = +50 which has been a recurring rhythm that even Gleneagles mentioned in his dustbinning notes.
A pip is only worth it if you know how much you risked to earn it
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