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Trading EURUSD only

  • #19,241
  • Nov 28, 2012 1:23pm Nov 28, 2012 1:23pm
LG @ 2926
NS
add levels
2915
2905

dead line 2880
target 2970
  • #19,242
  • Nov 28, 2012 1:23pm Nov 28, 2012 1:23pm
For me the problem is SL. I would place a summary SL at 1.2881 on any long building. So 1.2920 is 39 pips you would have to eat if downtrend continues. I have to define risk 1st, not reward.

Quoting stevewalker
I wil start from 2920
but..........
if this is up move a short fill or break attemp
my guess more likely a BO attemp
any suggestions?
"My 2 cents"
  • #19,243
  • Nov 28, 2012 1:36pm Nov 28, 2012 1:36pm
Quoting thodie
Hello my friends,

less time to trade for me.

im short 1.5NS @2936 maybe the price is going up to ~2951 again and will continue it´s downtrend to have a date once more
with the purple TL

My outlook for today and tomorrow:
Exit 50% +7
SL @ BE+2
just do it
  • #19,244
  • Nov 28, 2012 1:39pm Nov 28, 2012 1:39pm
Quoting stevewalker
LG @ 2926
NS
add levels
2915
2905

dead line 2880
target 2970
Is that you averaging down Steve and out at 2880 on this particular trade?
  • #19,245
  • Nov 28, 2012 1:41pm Nov 28, 2012 1:41pm
Quoting Daystepper
Is that you averaging down Steve and out at 2880 on this particular trade?
Doesnt seem like him prepared to average down. He must be overbiased. sorry bro.
"My 2 cents"
  • #19,246
  • Nov 28, 2012 1:42pm Nov 28, 2012 1:42pm
I am averaging down for long yes
2880 is dead line
book loss

Quoting Daystepper
Is that you averaging down Steve and out at 2880 on this particular trade?
  • #19,247
  • Nov 28, 2012 1:45pm Nov 28, 2012 1:45pm
I have done that with stocks but not currency as yet ... it could become a part of my style.
  • #19,248
  • Nov 28, 2012 1:47pm Nov 28, 2012 1:47pm
Quoting stevewalker
I am averaging down for long yes
2880 is dead line
book loss
Yes, but you normally are precise on entry within a few pips, something I admire. Dont change
"My 2 cents"
  • #19,249
  • Nov 28, 2012 1:51pm Nov 28, 2012 1:51pm
yes
not random.
I use levels.
some times they work sometimes not fx as usual he he
you are correct

Quoting Stimulus
Yes, but you normally are precise on entry within a few pips, something I admire. Dont change
  • #19,250
  • Nov 28, 2012 1:54pm Nov 28, 2012 1:54pm
Quoting Stimulus
Yes, but you normally are precise on entry within a few pips, something I admire. Dont change
I also wouldn't suggest to change anything. Steves entrys are pretty precise.
  • #19,251
  • Nov 28, 2012 1:59pm Nov 28, 2012 1:59pm
Good day everyone. Just from reading this thread for awhile now, my trading style is certainly different from the norm around here. I focus on catching tops and bottoms in the short term, with a typical SL of around 4-8 pips with a TP of around 7-10 pips. Here's my current view...

Long 1.2928
TP 1.2940
SL 1.2924

I believe this channel on the 15M chart is significant, and we will get at least 1 more play at 1.2940. If it is rejected, I see a nice M shape to bring us lower. Any thoughts are appreciated as always!
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  • #19,252
  • Nov 28, 2012 2:02pm Nov 28, 2012 2:02pm
well, I´m long from here, and I´m pissed!! yesterday night went bed imaginning this exactly scenary that occured today, I posted and called herealso today, I´ve entered 2 times long at 1.2882...and wrote reasons why it was a strong support and we were expecting pin bar until the end of week...at this moment, I´m +0 pips today.."#$%$#"$"#$"&%
  • #19,253
  • Nov 28, 2012 2:03pm Nov 28, 2012 2:03pm
Quoting SemperOorah
Any thoughts are appreciated as always!
From OANDA news

19:30 GMT - EUR/USD recent snap back bounce toward the 1.2942 break level does not alter the bearish pattern setup. We think that the recent snap back bounce will soon help set up
the next break lower back toward the 1.2866/32 zone. If EUR develops asustained power push above 1.2942/45, we would have to rethink in a hurry. R.Z

R5: 1.3021 * 31 Oct high
R4: 1.3000 figure
R3: 1.2970/75 intraday level
R2: 1.2945 hourly high
R1: 1.2942 * break level
S1: 1.2880 hourly low
S2: 1.2875 intraday level
S3: 1.2866 * 23 Nov low
S4: 1.2832 * break level
S5: 1.2824 22 Nov low
Trade smaller than rational because the market is irrational...
  • #19,254
  • Nov 28, 2012 2:04pm Nov 28, 2012 2:04pm
Quoting stevewalker
yes
not random.
I use levels.
some times they work sometimes not fx as usual he he
you are correct
true
"My 2 cents"
  • #19,255
  • Nov 28, 2012 2:05pm Nov 28, 2012 2:05pm
Quoting SemperOorah
Good day everyone. Just from reading this thread for awhile now, my trading style is certainly different from the norm around here. I focus on catching tops and bottoms in the short term, with a typical SL of around 4-8 pips with a TP of around 7-10 pips. Here's my current view...

Long 1.2928
TP 1.2940
SL 1.2924

I believe this channel on the 15M chart is significant, and we will get at least 1 more play at 1.2940. If it is rejected, I see a nice M shape to bring us lower. Any thoughts are appreciated as always!
I like your predictions, very feasible picture you paint. Technical I think the M pattern has a name,

I just havent had time today to be a chart artist for the thread. My mums is on her way, i gotta clean up.
"My 2 cents"
  • #19,256
  • Nov 28, 2012 2:05pm Nov 28, 2012 2:05pm
Quoting xandi
well, I´m long from here, and I´m pissed!! yesterday night went bed imaginning this exactly scenary that occured today, I posted and called herealso today, I´ve entered 2 times long at 1.2882...and wrote reasons why it was a strong support and we were expecting pin bar until the end of week...at this moment, I´m +0 pips today.."#$%$#"$"#$"&%
I had Mok1one on the same saide as I, hoppefully he could have possiblity of profit today, I´m too much disturbed on my day because of working...f"#$"#
  • #19,257
  • Nov 28, 2012 2:05pm Nov 28, 2012 2:05pm
a very common way to trade
if cost/profit ratio is good then good

Quoting SemperOorah
Good day everyone. Just from reading this thread for awhile now, my trading style is certainly different from the norm around here. I focus on catching tops and bottoms in the short term, with a typical SL of around 4-8 pips with a TP of around 7-10 pips. Here's my current view...

Long 1.2928
TP 1.2940
SL 1.2924

I believe this channel on the 15M chart is significant, and we will get at least 1 more play at 1.2940. If it is rejected, I see a nice M shape to bring us lower. Any thoughts are appreciated as always!
  • #19,258
  • Nov 28, 2012 2:06pm Nov 28, 2012 2:06pm
Closed short 4.5 pips. Not ready yet.
"My 2 cents"
  • #19,259
  • Nov 28, 2012 2:07pm Nov 28, 2012 2:07pm
bro I exit & did no trade long with my reasons
at least 30 pips or more
there are many trades ahead.
no worries.

Quoting xandi
well, I´m long from here, and I´m pissed!! yesterday night went bed imaginning this exactly scenary that occured today, I posted and called herealso today, I´ve entered 2 times long at 1.2882...and wrote reasons why it was a strong support and we were expecting pin bar until the end of week...at this moment, I´m +0 pips today.."#$%$#"$"#$"&%
  • #19,260
  • Nov 28, 2012 2:12pm Nov 28, 2012 2:12pm
Quoting Stimulus
Technical I think the M pattern has a name,
I was interested and did a little googling... every site actually refers to it as "The Big M". I wish it had a fancier name so I could sound smart haha.
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