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EURUSD

  • #747,301
  • Jan 17, 2013 6:29am Jan 17, 2013 6:29am
Quoting davidsayli
Eur/Usd H1 Chart

We can see "Shape of M"

http://i48.tinypic.com/2l8clmd.gif

I agree david
  • #747,302
  • Jan 17, 2013 6:30am Jan 17, 2013 6:30am
Quoting vlady1974
Just wondering what made you short? ie. What made you decide to pull the trigger, if you have worries about 100 pip move opposite you?
Are you risking alot or a tiny amount only?
rate to rate cut

not risking anything

had sound 15 pips and dont want to erase my gains
will wait for ny session

and i was risking 10% of my equity

so i was afraid to loose since i was againt trend

i m not bullish as well coz
for me weekly resistance is around 1.3366 but pa must confirm that if confirmed i ll wait for 1.3250 levels again...

as of now exit of all positions ....

but if it breaks 1.3420 today i will short eur till i drain my equity ....................................
The Phoenix Trader....
  • #747,303
  • Jan 17, 2013 6:31am Jan 17, 2013 6:31am
Quoting Ken A
Curious don't see anyone is declaring the pips they make
For inspiration my friend...still floating +649 pips

Set EA to close all order when back to +400 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Floating.JPG Size: 25 KB
Dangdut is a music of my country
  • #747,304
  • Jan 17, 2013 6:34am Jan 17, 2013 6:34am
I think that it wanted to make a double top before big drop.
Double top brings more bears targetting 1.30

GL
  • #747,305
  • Edited 6:47am Jan 17, 2013 6:34am | Edited 6:47am
Quoting vlady1974
Or it could be this.

[edit]
It's forming some pin bars, I'll give you that. But I'll wait for more confirmation.
Hmmm that is confusing...

But this EU morning session was ALL up. M down ?
Maybe the up-second climb is ready for NY session or not...

Let's see 1.34 (or 1.3375) and if the usd index breaks down or not.

On M1 we draw half of an egg.

The DAX made a small double top, testing its high.
  • #747,306
  • Jan 17, 2013 6:38am Jan 17, 2013 6:38am
Quoting vlady1974
Brio, having blown many accounts in my previous efforts I would say this: cut your losses early.
Your risk, besides your -50 now. is 50/50. Can you afford to be right/wrong if you don't clear it out now? If you can, then leave it open. If you are right, then you're lucky. But what if you're wrong? Can you afford -100? If you can't afford it now or ever, cut your loss.

Any other option will be a form of revenge trading which is just as dangerous.
Thanks for advice vlady1974, many a times we let over confidence and emotions harm us in this market.
Maximizing your potentials!
  • #747,307
  • Jan 17, 2013 6:40am Jan 17, 2013 6:40am
Quoting fx_forever
Hmmm that makes confusion...

But this EU morning session was all up. Maybe the up-second climb is ready for NY session or not...

Let's see 1.34 and if the usd index breaks down or not.
Yes, so if you're not in the market then confusion should signal no trade.
Those in from this morning's 280 would have moved their stop losses to a provitable but safe area, eg.3350.

I'm flat til NY but I have no bias in the next 4H. My objective of 407 doesn't influence how I read the PA in the next 4H.
That means I won't be loading 4 lots on the top of 397 because it's formed a nice double top formation. All of that is bollocks until confirmed.
A pip is only worth it if you know how much you risked to earn it
  • #747,308
  • Jan 17, 2013 6:42am Jan 17, 2013 6:42am
Quoting MaxDoom
I would suggest that your SL accounts for noise but no more, if noise level is deemed to be say 20 pips then having a 23 pip SL should be the max, otherwise it is telling you that the move is not noise but more likely a directional move and your pain will only get worse 9 out of 10 times.

Identifying noise is the tricky part, but for EU if I want to leave a trade on a trailing and not get stopped by noise I would look at between 15 & 20 pips SL + step 5 no more for intraday unless the SL is in +ve
Thanks MaxDoom, I will take necessary corrections.
Maximizing your potentials!
  • #747,309
  • Jan 17, 2013 6:43am Jan 17, 2013 6:43am
Power of Bulls finished @1.3377 a few minutes ago.
Bears can take controll from now.
Big Bears (fat fingers) targetting 1.30

GL
  • #747,310
  • Jan 17, 2013 6:46am Jan 17, 2013 6:46am
Quoting davidsayli
Power of Bulls finished @1.3377 a few minutes ago.
Bears can take controll from now.
Big Bears (fat fingers) targetting 1.30

GL
nothing finished yet,price may retrace after ny opening and close above 1.34 until the day ends.
  • #747,311
  • Jan 17, 2013 6:46am Jan 17, 2013 6:46am
Any body know if Initial Jobless Claims come today as expected Forecast or better, is this will help USD and down EU
  • #747,312
  • Jan 17, 2013 6:47am Jan 17, 2013 6:47am
EUR/USD up at 1.3355 from early 1.3300 having been as high as 1.3371. Buy stops tripped through 1.3330 accelerating then move. The ascent was helped by rumours the Spanish bond auctions were going well. They were indeed and the euro rallied further on release of results. Real money, corporate, ACB sales above 1.3350 have slowed but not yet reversed the rally.
  • #747,313
  • Jan 17, 2013 6:49am Jan 17, 2013 6:49am
Just woke up. Missed that big up move. Oh, well. I'll go for the retrace.

sell stop @ 1.3337
sl @ 1.3347
tp open
Time turns trend. - W.D. Gann
  • #747,314
  • Jan 17, 2013 6:51am Jan 17, 2013 6:51am
Quoting brio
Thanks for advice vlady1974, many a times we let over confidence and emotions harm us in this market.
A reflex a good trader probably has is when he feels emotional (happy or sad), he must stops for a while.

Not easy, for sure !
  • #747,315
  • Jan 17, 2013 6:52am Jan 17, 2013 6:52am
Quoting ForExtraPips
Just woke up. Missed that big up move. Oh, well. I'll go for the retrace.

sell stop @ 1.3337
sl @ 1.3347
tp open
This is a really good placement
At least you're not trying to pick a top like other bears
Attached Image
A pip is only worth it if you know how much you risked to earn it
  • #747,316
  • Jan 17, 2013 6:52am Jan 17, 2013 6:52am
I am short large position and I am not happy.If News is bad this could get real ugly.
In trading, you have to be defensive and aggressive at the same time
  • #747,317
  • Jan 17, 2013 6:57am Jan 17, 2013 6:57am
Quoting vlady1974
This is a really good placement
At least you're not trying to pick a top like other bears
Thanks. I'm done chasing price. Let price come to me. And I'm done with picking tops and bottoms. Buy/sell stops are much better . Avoid the noise.
Time turns trend. - W.D. Gann
  • #747,318
  • Jan 17, 2013 6:57am Jan 17, 2013 6:57am
Quoting Davit
I am short large position and I am not happy.If News is bad this could get real ugly.
It is a good point to try something. The risk/reward should be good for bulls or bears.

It is like 'flipping a coin' for the direction of the trend.
  • #747,319
  • Jan 17, 2013 6:59am Jan 17, 2013 6:59am
Quoting Davit
news indi.
Sorry guys someone asked me to upload.
click allow DLL
Thanks man !
Create a plan, test it, stick it, whatever is hapenning.
  • #747,320
  • Jan 17, 2013 6:59am Jan 17, 2013 6:59am
I think EurUsd forming an ending diagonal. i'm ready to short with target at 1.32300 area.
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