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Trading EURUSD only

  • #33,821
  • Feb 4, 2013 1:05pm Feb 4, 2013 1:05pm
guys
loss not much
65 pips I can recover with 1 or 2 trades.
I am totally disaapointed due to wrong desecion
both on Floating & added ones

I am %10000 disapointed myself.

frist should menthally recover
pips not important
TY

Quoting CheG
Good luck, stevewalker!

I'm sure you'll recover!!!
  • #33,822
  • Feb 4, 2013 1:06pm Feb 4, 2013 1:06pm
trade well
  • #33,823
  • Feb 4, 2013 1:21pm Feb 4, 2013 1:21pm
Hi Traders

My 8 longs not good

but all small trades

Just waiting for EUR/YEN US/JPY

To take a we dump

then piggy back up

with some green pips
  • #33,824
  • Feb 4, 2013 3:01pm Feb 4, 2013 3:01pm
Quoting stevewalker
mok
this has not tested 3700 twice or triple
only once

touched then rolled down.
up move might be ended
for a long time.
only an idea
I may be wrong
but........
testing only once sounds like it has done
I'm only dissapointed in myself to be honest. My this week's plan included a move to 3400-3420 area with first stop @3540 and then below.But this included also a re-test of high. After not testing the high I should have been trading short, but instead I got 2 losses on longs.I should have just erased the hihg re-test and I would have made 300 pips today with EU and EJ. Dissapointed in myself and a bit dissapointed in the market also. Too many div cancellations today - TOO MANY. haven't seen such a bs a loooong time where the divs on most tf's are ignored. But most of all i have to find a way how to punish myself for not trading according to plan when it was pretty close to what happened.
  • #33,825
  • Feb 4, 2013 3:07pm Feb 4, 2013 3:07pm
I started a thread on the market trying to herd us like cattle. Please check it out, pardner.

http://www.forexfactory.com/showthread.php?t=408472
  • #33,826
  • Feb 4, 2013 5:32pm Feb 4, 2013 5:32pm
Quoting stevewalker
trade well
Best wishes Steve. Thanks for all your work!

I may be stuck on a theme, but it seems to me we can study all the technicals and fundamentals we want, and the market will still be able to draw us in cleverly to the slaughterhouse. So we must be clever somehow.
  • #33,827
  • Feb 4, 2013 5:57pm Feb 4, 2013 5:57pm
PA near good support area now need a bounce from 3490z or 80z for further action
MMMYYYKKK
  • #33,828
  • Feb 5, 2013 12:30am Feb 5, 2013 12:30am
Hello EUR traders,

H4 we are exactly at fib. 50 1.3486
I consider this draw back as a retrace searching for support

Happy Trading to all
  • #33,829
  • Feb 5, 2013 12:56am Feb 5, 2013 12:56am
guys
the reason I stop tradig for this week is not 65 pip NS loss.

this loss can be recovered in 1 or 2 trades.
I stop trading due week started with strange move.
& I would like to see if BULL TREND ended or continiou
without porper outlook I dont want to trade Bid Rate week

GL

Quoting stevewalker
stopped trading for a week
  • #33,830
  • Feb 5, 2013 1:30am Feb 5, 2013 1:30am
Hello fellow traders

Long @3468
My belives are that we will get a rebound on the 4h support and before the new timeperiod in 35 minutes start, we will be at or above the 3485 support.
That also maches good with the H support at 3470 where we are now.
If it does not close above 3485 at the top of the hour I will close my positions.
My outlook is still bullish, due to the Head and Shoulder formations on daily and weekly chart.
Well, we will know in32 minutes.
  • #33,831
  • Feb 5, 2013 2:01am Feb 5, 2013 2:01am
Closed my position @ 3473
Quoting Swedishtrade
Hello fellow traders

Long @3468
My belives are that we will get a rebound on the 4h support and before the new timeperiod in 35 minutes start, we will be at or above the 3485 support.
That also maches good with the H support at 3470 where we are now.
If it does not close above 3485 at the top of the hour I will close my positions.
My outlook is still bullish, due to the Head and Shoulder formations on daily and weekly chart.
Well, we will know in32 minutes.
  • #33,832
  • Feb 5, 2013 2:04am Feb 5, 2013 2:04am
Will open a new long position due to the H TL where it seams to make a rebound.
long@3474 SL 3456
  • #33,833
  • Feb 5, 2013 2:10am Feb 5, 2013 2:10am
Closed half the position @3485 moved up SL to 3473, will let it ride and keep moving up SL.
Quoting Swedishtrade
Will open a new long position due to the H TL where it seams to make a rebound.
long@3474 SL 3456
  • #33,834
  • Feb 5, 2013 2:13am Feb 5, 2013 2:13am
Quoting Swedishtrade
Closed half the position @3485 moved up SL to 3473, will let it ride and keep moving up SL.
Good call. Seems very oversold atm. and larger tf's are showing signs of reversal/or at least a pb up. Will join the fun in 2 or 3 H.have to take care of some personal things in the city.

Green pips to all.
  • #33,835
  • Feb 5, 2013 2:15am Feb 5, 2013 2:15am
Moved up SL to 3485
Quoting Swedishtrade
Closed half the position @3485 moved up SL to 3473, will let it ride and keep moving up SL.
  • #33,836
  • Feb 5, 2013 2:18am Feb 5, 2013 2:18am
Will take profit and close rest of position @ 3508, new SL @ 3491
Quoting Swedishtrade
Moved up SL to 3485
  • #33,837
  • Feb 5, 2013 2:22am Feb 5, 2013 2:22am
Quoting stevewalker
guys
the reason I stop tradig for this week is not 65 pip NS loss.

this loss can be recovered in 1 or 2 trades.
I stop trading due week started with strange move.
& I would like to see if BULL TREND ended or continiou
without porper outlook I dont want to trade Bid Rate week

GL
Steve, I get it. Can make a good argument that C has ended and we need a big correction down. Can also make a good case that pb was healthy and we power higher to 1.385. 1.349 is 50 fib level on weekly and 1.385 is next resistance and 61.8 fib level on weekly.

Looking at chart, although I see possibility of C ending, more likely scenario has an extension to 1.385 from here so I would be a buyer of 1.345-60 level.

Then, 1.385 sets up another possible inflection point as we could simply channel higher on weekly to top of corrective triangle in 1.4x land or correct back to 1.315 level as that is 38.6 fib level on weekly.

Thus, I understand your consternation. But we get to 1.4x land sooner or later and it appears up is more likely at the moment. As a buyer at those levels, do not have to risk much to see if indeed we correct lower. Although, it appears we are at a messy inflection point and the best advice might be to stand aside and wait for direction/signal.

I posted weekly before this is updated daily.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #33,838
  • Feb 5, 2013 2:28am Feb 5, 2013 2:28am
Moved up my SL a litle bit to tight and got closed out. But with a nice profit.
Quoting Swedishtrade
Will take profit and close rest of position @ 3508, new SL @ 3491
  • #33,839
  • Feb 5, 2013 2:33am Feb 5, 2013 2:33am
My updated hourly chart. Price has now found support at the next high volume zone, ~100 pips down from the chart I posted yesterday.

My 5 min chart shows the action with today's S 1 pivot holding the low in a nice green doji, so several potential buys and I took partials as shown, holding the remainder, looking at yesterday's low & close ~the MS 1 level of 1.3507
Attached Image(s) (click to enlarge)
Click to Enlarge Name: feb 5 € hrly 0800 gmt.gif Size: 33 KB
Click to Enlarge Name: feb 5 € 5m 0830 gmt.gif Size: 24 KB
Trading Levels with WRBs
  • #33,840
  • Feb 5, 2013 2:57am Feb 5, 2013 2:57am
wtf

Bull strike again
You see, but you do not observe. The distinction is clear
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