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  • #501
  • Jan 28, 2013 11:32pm Jan 28, 2013 11:32pm
Quoting Jackana
My target for this uptrend is 126.30
Gidday

Many different levels being talked about

thought 12330 maybe then retrace lower

then down to 113 that is on the FXCM daily charts
  • #502
  • Jan 28, 2013 11:50pm Jan 28, 2013 11:50pm
Quoting pipinit
we are not going any higher than 122.89 before 121.53 is touched, after that we'll see
Nothing is changed...
If you know how to trade, you don't need to sell any services!!!
  • #503
  • Jan 29, 2013 12:07am Jan 29, 2013 12:07am
Quoting Xhale12
Nothing indicating a 400 pip move down. Looking pretty bullish actually. Be careful.
free trade now dont let your emotions control you moves happen when you dont expect. Its phsycology.
  • #504
  • Jan 29, 2013 12:14am Jan 29, 2013 12:14am
This pair is looking to breakout to the upside soon.
However its doing a range bout trading for correction.. if we see its surfing around 121.50 - 122.20 levels currently..
For the overbought condition to settle.
I suspect this things should to happen till Wed / Thursday..
Friday will see huge action on NFP
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #505
  • Jan 29, 2013 12:15am Jan 29, 2013 12:15am
Elliott elongated flat correction up 122.98
Preferred view is for a fall to 121.94 - 121.61 while 122.58 - 122.90 area resists. A clear break of 123.55 would be bullish.
just live a life, don't be hard.
  • #506
  • Jan 29, 2013 1:42am Jan 29, 2013 1:42am
Channel
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FF journal: Peaks and Troffs
  • #507
  • Jan 29, 2013 3:05am Jan 29, 2013 3:05am
if support at 121.60 breaks, then i am looking for a pull back to around the 120.20 area before it resumes upward. If this support holds, then i will look to a retest of the 122.90 area highs.
  • #508
  • Edited 4:14am Jan 29, 2013 4:01am | Edited 4:14am
Quoting shaukat113
Elliott elongated flat correction up 122.98
Preferred view is for a fall to 121.94 - 121.61 while 122.58 - 122.90 area resists. A clear break of 123.55 would be bullish.
Interesting to look at your interpretation. When you say "elongated flat" do you mean running flat? And at what price levels... the flat between 120.70 and 116.34 from Jan 15-23?

If that is the case then it seems this pair has one more 5th wave left in it! (to 123/124?). The current correction seems to be coiling for a stab up, but it is not correcting deep enough to punch very far. I guess the fact that the previous degree correction is elongated shows the upward momentum of the recent uptrend. Maybe the current correction will still trace a long C-wave downward to 117/118. Let's wait and see what unfolds.

Glad to have seen your post... I am considering turning Bearish on the EUR pairs should this one top out with a short pop upward from current levels. (120s)
cryptocurrency everytime
  • #509
  • Edited 10:16am Jan 29, 2013 5:02am | Edited 10:16am
Well the ECB just kicked this one in the ding-ding...

http://www.forexfactory.com/news.php?do=news&id=407321

(Edit: not sure that piece of news was real - the author posted authentic breaking news in the past but I couldn't find this headline anywhere else)
cryptocurrency everytime
  • #510
  • Jan 29, 2013 7:42am Jan 29, 2013 7:42am
Hello everyone!
I'm long now from 121.8 TP 122.79 and SL 121.45

Pending Sell from 121.25


what you think?
Trend is your Friend!
  • #511
  • Edited 11:04am Jan 29, 2013 11:02am | Edited 11:04am
Quoting Snt
Hello everyone!
I'm long now from 121.8 TP 122.79 and SL 121.45

Pending Sell from 121.25


what you think?
Hi,

It's difficult to give advice on another trader's decision and mechanics since should the trade go wrong one person will be angry and the other have egg on their face. Rather than comment or advise, I'd like to ask you the question you have to ask yourself with each and every trade:

  1. Why did I enter this trade?

  1. What is the basis for my TP?

  1. What is the basis for my SL?

  1. What is my contingency plan should price behave different from my expectation?


Good luck and post your results!

cryptocurrency everytime
  • #512
  • Jan 29, 2013 11:15am Jan 29, 2013 11:15am
of course...

I'm Long because prices have bounced on middle bollinger line.

And Over 122,40 I think in a great long trend, see bollinger bands convergence.

Sorry for my poor english.
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Trend is your Friend!
  • #513
  • Jan 29, 2013 11:41am Jan 29, 2013 11:41am
Snt,

Well it seems you entered the trade with good confidence and for reasons you understand: 1. Bollinger midline bounce and 2. established uptrend.

Your SL is quite tight and does not allow for deeper correction, but I assume this is part of your planning and risk ratio for this particular trade.

What is your reason for choosing 122.79 as your TL? Would you be prepared to take profit sooner (or maybe later at a higher price)?

Good luck with the trade and no need to apologize about your English - everything you said is clear.
cryptocurrency everytime
  • #514
  • Jan 29, 2013 11:49am Jan 29, 2013 11:49am
I prefer a Risk/Reward 1:3

so stop 35 pips and take 105... (but now I've set 99 pips)

If price go up to 122,4 I will move my stop loss to 122.1
Trend is your Friend!
  • #515
  • Jan 29, 2013 11:51am Jan 29, 2013 11:51am
Oh EJ

How I love you so


New to this thread

Will probably start posting here a bit
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Be hopeful in a winning position, and fearful in a losing position.
  • #516
  • Jan 29, 2013 11:52am Jan 29, 2013 11:52am
Retracement is done. Last short trade was closed at BE level with no P/L.
Long target is 124.34.

https://www.tradingview.com/v/TJ3hDxBa/
Do not follow my trades. Trade what you see on your own charts.
  • #517
  • Jan 29, 2013 12:08pm Jan 29, 2013 12:08pm
Quoting Snt
I prefer a Risk/Reward 1:3

so stop 35 pips and take 105... (but now I've set 99 pips)

If price go up to 122,4 I will move my stop loss to 122.1
R/R of 1:3 is a good policy and great idea to move the SL up to lock in profits!

This is a 1H chart - just for interest - I added the Bollinger bands but I don't usually trade with them (nothing wrong if you do)

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cryptocurrency everytime
  • #518
  • Jan 29, 2013 12:22pm Jan 29, 2013 12:22pm
Quoting venzen
R/R of 1:3 is a good policy and great idea to move the SL up to lock in profits!

This is a 1H chart - just for interest - I added the Bollinger bands but I don't usually trade with them (nothing wrong if you do)

I use H4 charts
Trend is your Friend!
  • #519
  • Jan 30, 2013 2:38pm Jan 30, 2013 2:38pm
Are you ready for a new long trend?

I'm ready at 123,85 (top of today), SL 35 pips and TP 105 pips.

I don't see inversal pattern for now.
Trend is your Friend!
  • #520
  • Jan 30, 2013 6:21pm Jan 30, 2013 6:21pm
125.80 is next target ..
Classical chart patterns of currencies from 15+ Year Pro Trader
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