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Trading EURUSD only

  • #25,941
  • Dec 18, 2012 4:42am Dec 18, 2012 4:42am
strange PA
consolidating?

Quoting king_a
I think price need a little rest before break up..
  • #25,942
  • Dec 18, 2012 4:44am Dec 18, 2012 4:44am
I have 3193 and 3199 on my chart
  • #25,943
  • Dec 18, 2012 4:45am Dec 18, 2012 4:45am
mok1 any news ahead? soon
  • #25,944
  • Dec 18, 2012 4:45am Dec 18, 2012 4:45am
Quoting stevewalker
strange PA
consolidating?
well we just came up straight from 155..a pb is probable
  • #25,945
  • Dec 18, 2012 4:54am Dec 18, 2012 4:54am
7min to close 1h candle and it really need to close above 80 for lg else everything would be 50/50
  • #25,946
  • Dec 18, 2012 4:57am Dec 18, 2012 4:57am
Quoting stevewalker
mok1 any news ahead? soon
EUR news all released 1H 15MIN ago. Next news from US @ 15:30 gmt+2. So 2,5H news free (if politicians don't make any statments)
  • #25,947
  • Dec 18, 2012 5:04am Dec 18, 2012 5:04am
we may see pull back to 175..I don't like it though
  • #25,948
  • Dec 18, 2012 5:05am Dec 18, 2012 5:05am
exit LG +26
Flat
will reneter from lower levels

Quoting stevewalker
TP => 3230
SL => BE
FL 26
MFE 28
this trade is been left to mercy of MKT / I did my Best

looking for new ones
  • #25,949
  • Dec 18, 2012 5:06am Dec 18, 2012 5:06am
1 and 5min H&S...that's make me feel bad
  • #25,950
  • Dec 18, 2012 5:06am Dec 18, 2012 5:06am
TY bro
you find somenews form different sites
so I asked

Quoting mok1one
EUR news all released 1H 15MIN ago. Next news from US @ 15:30 gmt+2. So 2,5H news free (if politicians don't make any statments)
  • #25,951
  • Dec 18, 2012 5:11am Dec 18, 2012 5:11am
Quoting mok1one
At what price to you have the upper channel line sitting on. Not the middle on but the upper.
Back.
It's a Standard Error Channel [set at 2=default]
The Spine [centre line] is now a probable target resistance = DR2
Fairly certain this is the final wave v in 5 up within the channel.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: 121218_4H[3] EURUSD.png Size: 18 KB
Wait, or you will be slaughtered!
  • #25,952
  • Dec 18, 2012 5:14am Dec 18, 2012 5:14am
LG @ 3080
1/2NS
will add with lower levels
DL 3155
TG 3230

Quoting stevewalker
exit LG +26
Flat
will reneter from lower levels
  • #25,953
  • Dec 18, 2012 5:14am Dec 18, 2012 5:14am
Hi folks,
My take is, it will most likely be one more bounce off from 3186 before breaking away from it.. I am personally gunning for a pullback to 3050 area to take a shot at long.. remains to be seen..

-Going long around the zone of 3000 to 3080ish, depending on how PA forms in this zone for last minute confirmation before pulling the trigger.

Good thread, thanks to everyone for sharing.

Micheal P.
  • #25,954
  • Dec 18, 2012 5:15am Dec 18, 2012 5:15am
hi Guys,

Iīm still in a long from yesterday evening coming from 3160.
I see your points in price having failed to break high-level, nevertheless I decided to stay in the trade & rather trail it with 2-candle-method on H1.

So SL atm is already @ +8 , if it turns out to be the wrong decicion I will have to live with giving the recent +15 pips on top away (I was +23 total when deciding how to manage the trade..) but as I have a profit in anyway, it wonīt hurt too much i guess
  • #25,955
  • Dec 18, 2012 5:19am Dec 18, 2012 5:19am
price movement will accelerate above 87..if it could get there..
  • #25,956
  • Dec 18, 2012 5:23am Dec 18, 2012 5:23am
what is 2 candle method?

Quoting luckyl
hi Guys,

Iīm still in a long from yesterday evening coming from 3160.
I see your points in price having failed to break high-level, nevertheless I decided to stay in the trade & rather trail it with 2-candle-method on H1.

So SL atm is already @ +8 , if it turns out to be the wrong decicion I will have to live with giving the recent +15 pips on top away (I was +23 total when deciding how to manage the trade..) but as I have a profit in anyway, it wonīt hurt too much i guess
  • #25,957
  • Dec 18, 2012 5:29am Dec 18, 2012 5:29am
Quoting stevewalker
TY bro
you find somenews form different sites
so I asked
YW and NP. I first watch FF and the then ForexPRO calender. FPro show most of the events (good filter system, can filter news with Countrys- example - do i want news from Estonia or not? etc.)
When i started I used this to detect candle formations also. Also shows is some indis overboought-sold etc.

Will PM you the link so you can check it out.
  • #25,958
  • Edited 5:51am Dec 18, 2012 5:36am | Edited 5:51am
Quoting stevewalker
what is 2 candle method?
http://www.tradethemarkets.com/publi...iling-stop.cfm
thatīs a short explanation of how it works.
You can use it on any timeframe, however if i do, I use it only for M15+

I found it more detailed & with some specialties in a book, still searching which one it was... will edit if i foundn it

edit: Itīs a german tradingbook called "Das große Buch der Markttechnik".
But I havenīt found an english version so far...
  • #25,959
  • Dec 18, 2012 5:37am Dec 18, 2012 5:37am
there is a flag forming in m5..
  • #25,960
  • Dec 18, 2012 5:37am Dec 18, 2012 5:37am
TY
Quoting mok1one
YW and NP. I first watch FF and the then ForexPRO calender. FPro show most of the events (good filter system, can filter news with Countrys- example - do i want news from Estonia or not? etc.)
When i started I used this to detect candle formations also. Also shows is some indis overboought-sold etc.

Will PM you the link so you can check it out.
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