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Trading EURUSD only

  • #21,741
  • Dec 5, 2012 4:46am Dec 5, 2012 4:46am
Quoting Farrusco
double bot?
Nop
  • #21,742
  • Dec 5, 2012 4:52am Dec 5, 2012 4:52am
Quoting Farrusco
double bot?
You see, but you do not observe. The distinction is clear
  • #21,743
  • Dec 5, 2012 4:57am Dec 5, 2012 4:57am
Hey guys this is my first post in this thread. I am delighted to have been bumped into this thread as I mainly trade EURUSD as well.

Well I have recently taken a short position @1.31221 which is running in profit. The thing which confuses me right now is its TP.

So any light if shed on this subject will be really appreciated.

Thanks
  • #21,744
  • Dec 5, 2012 4:58am Dec 5, 2012 4:58am
Thodie. You on the green side i Hope.
  • #21,745
  • Dec 5, 2012 4:59am Dec 5, 2012 4:59am
1.3083 long a little 1.3076 buy more..if reach..!
  • #21,746
  • Dec 5, 2012 5:01am Dec 5, 2012 5:01am
look the last 15 min candle. And 4h bar opened outside the upper channel... this may be it, can go down more
  • #21,747
  • Dec 5, 2012 5:02am Dec 5, 2012 5:02am
bounced off 30806 pivot
  • #21,748
  • Dec 5, 2012 5:04am Dec 5, 2012 5:04am
seems like it broke below the channel...is this not a good entry for a short? at time of posting price is around 30850
  • #21,749
  • Dec 5, 2012 5:05am Dec 5, 2012 5:05am
Quoting mok1one
Thodie. You on the green side i Hope.
nope i´m wating for this downmove the whole day yesterday and now it catched me, i try to average the way down
just do it
  • #21,750
  • Dec 5, 2012 5:06am Dec 5, 2012 5:06am
Quoting thodie
nope i´m wating for this downmove the whole day yesterday and now it catched me, i try to average the way down
Hope you can manage it. I'm almost done for today.
  • #21,751
  • Dec 5, 2012 5:08am Dec 5, 2012 5:08am
short from 30870 with a stop around -30
  • #21,752
  • Dec 5, 2012 5:11am Dec 5, 2012 5:11am
Quoting mok1one
Hope you can manage it. I'm almost done for today.
hope so, but with leverage 50 and my small size poss it has to move ~200pips for 2%loss each position
that´s enough headroom to sit out this low, supports ahead.

Edit BE @3101
just do it
  • #21,753
  • Dec 5, 2012 5:15am Dec 5, 2012 5:15am
am i screwed here?
  • #21,754
  • Dec 5, 2012 5:18am Dec 5, 2012 5:18am
Quoting msetai
am i screwed here?
Well... only time will tell.

But i hate that they skillfully crafted such a candle on 15min. Could go up a bit. Or bring in more bulls money to take away.
  • #21,755
  • Dec 5, 2012 5:20am Dec 5, 2012 5:20am
yeah i guess i jumped the gun

placing temp stop at 31140...i just hope the pivot doesnt cause more bouncing because then im screwed


.....patience
  • #21,756
  • Dec 5, 2012 5:24am Dec 5, 2012 5:24am
Quoting mok1one
Well... only time will tell.

But i hate that they skillfully crafted such a candle on 15min. Could go up a bit. Or bring in more bulls money to take away.
i´m away from screen
let you know how it goes out.
just do it
  • #21,757
  • Dec 5, 2012 5:26am Dec 5, 2012 5:26am
Quoting thodie
i´m away from screen
let you know how it goes out.
ty
  • #21,758
  • Dec 5, 2012 5:28am Dec 5, 2012 5:28am
http://www.forexfactory.com/news.php?do=news&id=398795

Spain Would Ask For Bailout If Given Guarantee On Yields - Official
From @djfxtrader

Now we have to wait when the politicians open their mounth regarding this.
  • #21,759
  • Dec 5, 2012 5:32am Dec 5, 2012 5:32am
mok1one any advice on how to manage this position?
  • #21,760
  • Dec 5, 2012 5:34am Dec 5, 2012 5:34am
http://www.fxstreet.com/technical/fo...is/2012/12/05/

We are still in an uptrend thus the scenario from yesterday remains the same.

We still suggest buying into dips. 1.3075 is acting as interim support.

We could buy on PBs close to 1.3080 keeping the stop below 1.3075. 1.3010 is now major support, so while we are above 1.3010 1.3145 remains the target. Short term countertrades could be tried around 3140-3155 zone with tight stops.
You see, but you do not observe. The distinction is clear
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