DislikedI wouldn't get too eager waiting for the bears, this is probably just consolidation after a big move. Looking for a push into 1.33, then onto 1.34. Longer term, if we clear 1.3475 then 1.4+ is openIgnored
- #744,781
- Jan 11, 2013 4:49am Jan 11, 2013 4:49am
- Joined May 2012 | Status: Senior Member | 3,059 Posts
- #744,784
- Jan 11, 2013 4:56am Jan 11, 2013 4:56am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Yip I see it down there as well.
Already out for +20 from the break,will see if there is a pull back fore re-entry.
Wish I had the patience that you guys have some times.
Will see what happens.Expecting a slight bounce here.
Happy pipping
patience and higher timeframes long term will keep you in this business longer, lower timeframes and/or scalping, in noisy markets is suicide, whippy shit will ping you way to oftn too often
bro you just banked 20pips, congrates,
but she had just poked through the 200sma 1hr, for me 200sma is the "trend" for which ever chart I have open, so it was an important pierce,
now since you post pa has fell a further 13 pips, just food for though, but if you had partial banked 1/2 = 10full pips banked, with a 1/2 lot still live, the 13 pips it has continued plus another 7 if pa will oblige, will return you 1/2 lot runner, back into a full lot, if you are with trend, you can keep doing this, continually parially banking (feel good effect) until pa returns to your original entry, and stops you out.
now, if you fortunate enough to catch one, and repeat this 5 or 6 times, you will be approx 100 - 120 pips from your entry, actually a pretty good feeling, considering account has grown, you have a trade with 100 - 120 pips green, and no risk, dosnt happen very often, but you will understand the feeling with your first one
If you catch a decent piece of trend or a reversal etc, this anchor trade will keep you in the game, collecting pips, with virtually no risk, risk in trading start and most critical at entry, you are now out, looking for your next entry aka, "stress time"
Like I said is just food for thought, banking is alway good, congrates on your 20 pips
If you are new to Forex? Say Goodbye to your account!!
- #744,785
- Jan 11, 2013 4:57am Jan 11, 2013 4:57am
- Joined May 2012 | Status: Senior Member | 3,059 Posts
- #744,786
- Jan 11, 2013 5:04am Jan 11, 2013 5:04am
Well I'm sure you have a valid reason for your statement, however, personally I don't think will see below 1.3165 for a long time as we are in a up move.
1.2890 is an untested weekly open ( a few weeks ago)....
ps : special big up to 1.3145...watch it!
- #744,787
- Jan 11, 2013 5:14am Jan 11, 2013 5:14am
- Joined May 2012 | Status: Senior Member | 3,059 Posts
It is quite tempting to short here, unfortunately I will have to stick t my trading plan and wait for 1.3245 to be cleared to short 
- #744,790
- Jan 11, 2013 5:18am Jan 11, 2013 5:18am
- Joined Apr 2012 | Status: Trader | 1,054 Posts
GBPUSD and AUDUSD have been giving back a bit...
i dont see why EURUSD wouldnt too... just a matter of time....
but 1.32 would be decent, maybe before going back to 1.33...
No steam at the moment, the guys are just playing money between a roof and a floor...
When Scalpers win, I lose and Vice varsa...
- #744,791
- Jan 11, 2013 5:20am Jan 11, 2013 5:20am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
:
looking for your next entry aka, "stress time"
Like I said is just food for thought
I have saved the post and will have a look through some pairs on the weekend using your thought process.
GL with the trade
ROOI:nerd:
We miss 100% of the shots we don't take
- #744,792
- Jan 11, 2013 5:21am Jan 11, 2013 5:21am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
Quick survey for the EUR/USD (Jan 10, 2012 23:00) ...
2013-01-10_23h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Dn _ W-02 # IA1 (EN Daily, Weekly).PNG (125.1 KB) <= this is latest ......
Easy peasy to read ...
Easy peasy to work with ...
Significant breakout and cross of above its former resistance at 1.3127 and a settlement above 1.3220...
2013-01-10_19h30 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-02 # FG9 (EN Daily, Weekly).PNG (129.7 KB)
2013-01-10_22h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-02 # FG9 (EN Daily, Weekly).PNG (130.0 KB)
2013-01-10_23h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Dn _ W-02 # IA1 (EN Daily, Weekly).PNG (125.1 KB)
2013-01-11_00h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Up _ W-02 # EY9 (EN Daily, Weekly).PNG (129.1 KB) <= this is latest ...
...Easy peasy to read ...
Easy peasy to work with ...
Significant breakout and cross of above its former resistance at 1.3127 and a settlement above 1.3220 suggests further upside ... and recent highs 1.3300 / 08 are next hurdles to take out ...
Immediate upside active as long as above 1.3207 ... then re-test of 1.3308 and beyond that a move to above 1.3350 in case of an extention ...
###
Otherwise upside looks overcooked for now ... and as long as there is no cross of above 1.3289 it can see a corrective decline at first ...
Corrective downside towards 1.3194 - 1.3167 would be nothing unfamiliar with ...
Any cross of below 1.3144 would dampen these upside expectations ...
First down - then up again ...
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #744,793
- Jan 11, 2013 5:26am Jan 11, 2013 5:26am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #744,798
- Jan 11, 2013 5:50am Jan 11, 2013 5:50am
- Joined May 2012 | Status: Senior Member | 3,059 Posts
- #744,799
- Jan 11, 2013 5:51am Jan 11, 2013 5:51am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Both looking at 1.3285 for bulls and 1.3230 for bears.
I'll buy the lower one for 1.3285....then may short it for a ride down
your lower and upper levels about bang on small correction to accomodate rising angle definitely a waiting game for breakout, or scalping the channel intil it breaks, channel too small for me I happy to watch from sidelines eu
If you are new to Forex? Say Goodbye to your account!!