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  • #721
  • Dec 12, 2012 9:39am Dec 12, 2012 9:39am
the thread starter is on vacation now. i also have been very busy today, so no time to post in this thread. today is a very bullish day. it can be seen from all timeframe. All RSI above 50. too bad, i only have opportunity to trade right before frankurt open. just got +6 pips for today.
  • #722
  • Dec 12, 2012 3:09pm Dec 12, 2012 3:09pm
Quoting vahn
the thread starter is on vacation now. i also have been very busy today, so no time to post in this thread. today is a very bullish day. it can be seen from all timeframe. All RSI above 50. too bad, i only have opportunity to trade right before frankurt open. just got +6 pips for today.
vahn, thank you for your info.
After abot two hour us open, i got 20 pips on my long postion eur/usd. Even i could get more, but i was not around my computer after i placed my postion for a couple of hous.
was not bad for me
Still learning the Paradox
  • #723
  • Dec 12, 2012 3:39pm Dec 12, 2012 3:39pm
I scored a few pips last night following the same entries Vahn( at least I think I did lol) did on the 11th.

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  • #724
  • Dec 12, 2012 7:56pm Dec 12, 2012 7:56pm
Quoting maritu
vahn, thank you for your info.
After abot two hour us open, i got 20 pips on my long postion eur/usd. Even i could get more, but i was not around my computer after i placed my postion for a couple of hous.
was not bad for me
Quoting handcranker
I scored a few pips last night following the same entries Vahn( at least I think I did lol) did on the 11th.

Attachment
very nice trade for both of you. hope we can learn together about this trading style. like what 9er said. RSI like a crystal ball. combine it with fibonaci, harmonic pattern, MA 200, support & resistance line, chaos theory (5 dimensions) generate a high probability setup trade.
  • #725
  • Dec 12, 2012 8:08pm Dec 12, 2012 8:08pm
Daily - RSI still arround 60 (not too overbought). PA up three in row last 3 days (three white soldiers). but don't be too greedy. there is always a probability of correction. We are heading to Resistance (the same location where the first fractal outside alligators located).

Bias : Bullish
Attached Image
  • #726
  • Dec 12, 2012 9:31pm Dec 12, 2012 9:31pm
decide to take this trade. The price bounce twice from MA 200 in M5. And AO and RSI show a buy signal. if you notice a candle after the price bounce from MA 200 formed a bullish engulfing candle. So i enter this trade. hope this goes well
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  • #727
  • Dec 12, 2012 10:02pm Dec 12, 2012 10:02pm
Have we finished going up on the Eur and are we ready for a correction??? Be cautious with long positions.
Attached Image (click to enlarge)
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  • #728
  • Dec 12, 2012 10:13pm Dec 12, 2012 10:13pm
Quoting ozziedave
Have we finished going up on the Eur and are we ready for a correction??? Be cautious with long positions.
what the reason you said that we ready for a correction and be cautious with long positions? please explain the reason, so all of us can learn together. i still in my buy position and i already set my stop loss at +5 profit above BE. so it's nothing to lose
  • #729
  • Dec 12, 2012 10:17pm Dec 12, 2012 10:17pm
Quoting vahn
decide to take this trade. The price bounce twice from MA 200 in M5. And AO and RSI show a buy signal. if you notice a candle after the price bounce from MA 200 formed a bullish engulfing candle. So i enter this trade. hope this goes well
i set my tp at +25 pips profit and move my sl to +10 profit (my daily target), because the price is approaching yesterday high.
  • #730
  • Dec 12, 2012 10:30pm Dec 12, 2012 10:30pm
Quoting vahn
i set my tp at +25 pips profit and move my sl to +10 profit (my daily target), because the price is approaching yesterday high.
i have to go out for a while. decide to close my position for +20 pips profit. a good start for today
  • #731
  • Dec 12, 2012 11:16pm Dec 12, 2012 11:16pm
with the RSI near the 60 and the support around the daily pivot, I think it would be worth putting a buy stop after the 1.309 fractal. Will see how I go

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  • #732
  • Dec 13, 2012 1:57am Dec 13, 2012 1:57am
Quoting handcranker
with the RSI near the 60 and the support around the daily pivot, I think it would be worth putting a buy stop after the 1.309 fractal. Will see how I go

Attachment
I agree. the stop run alone above 3100 should be enough for a few pips even without a sustained move
BTC Return This Year: na
  • #733
  • Dec 13, 2012 2:58am Dec 13, 2012 2:58am
Fed's Stimulus Plan make EUR/USD down 30 pips. let see how the price will go.
  • #734
  • Dec 13, 2012 3:08am Dec 13, 2012 3:08am
ouch! that 30 pip drop knocked me out. Had my TP too high expecting a bigger move and got spanked for it
  • #735
  • Dec 13, 2012 3:18am Dec 13, 2012 3:18am
Quoting handcranker
ouch! that 30 pip drop knocked me out. Had my TP too high expecting a bigger move and got spanked for it
yes. the news often mess everything. this is one of them. i still wait will the trend change because of this
  • #736
  • Dec 13, 2012 4:26am Dec 13, 2012 4:26am
the bull really get stabbed by the bear. the price keep create a new low. total about 50 pips down since the last high. look for sell opportunity now
  • #737
  • Dec 13, 2012 7:30am Dec 13, 2012 7:30am
Quoting vahn
what the reason you said that we ready for a correction and be cautious with long positions? please explain the reason, so all of us can learn together. i still in my buy position and i already set my stop loss at +5 profit above BE. so it's nothing to lose
Hi Vahn..

Was just asking the question if people felt we had gone up to a point where price might start to retrace. I felt that we had moved up to a point where price was going to turn around soon...so my warning...be careful with long positions.
  • #738
  • Dec 13, 2012 8:38am Dec 13, 2012 8:38am
Quoting ozziedave
Hi Vahn..

Was just asking the question if people felt we had gone up to a point where price might start to retrace. I felt that we had moved up to a point where price was going to turn around soon...so my warning...be careful with long positions.
so. it's only based on your feeling. then it's something we can't learn then. because every people have different feeling about the market.
  • #739
  • Dec 13, 2012 11:50pm Dec 13, 2012 11:50pm
decide to do scalping. buy on eu. my target is +15 pips (resistance pivot line).
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  • #740
  • Dec 14, 2012 12:13am Dec 14, 2012 12:13am
Quoting vahn
decide to do scalping. buy on eu. my target is +15 pips (resistance pivot line).
ups. it's got taken. +15 pips profit for start. not bad
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