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Trading EURUSD only

  • #33,841
  • Feb 5, 2013 3:16am Feb 5, 2013 3:16am
Good Morning traders,
this is my up to date view for the EUR/USD (Euro FX futures) on the 4-hour chart. As usual I am interested to your comments:

http://www.forexfactory.com/attachme...1&d=1360055101

By trading above the 1.3517 level the Fibonacci Stalking technique confirmed support in the 1.3450-60 area. Price traded a low at 1.3462. In the 1.3450-60 there is long interest of professional and program trading.

I can see two scenarios at the moment:

Scenario 1. Price could continue straight higher from here. The target for the swing that could have just started is at 1.3850 (firm price!). However a sideways action on the smaller timeframes is also possible till wednesday afternoon in preparation for the ECB meeting.

Scenario 2. Price comes back to test the entry area at 1.3460 and could even pierce this area bringing price into the 1.3440 level. I see participation on the long side at these levels.

Keep in mind that the ECB meeting will come AFTER a long setup and the news, in this case, are likely to push and help the long setup.

I consider it particularly dangerous holding shorts at this stage but from what I read a lot of people think that yesterday's action is due to the bear resuming. In my honest opinion, that was only profit taking and program trading pushing price into the next long setup.

As usually I am very interested to your comments.

Trade safe and have a great day
"markets traded by programs/HFT offer a significant trading edge..."
  • #33,842
  • Feb 5, 2013 3:22am Feb 5, 2013 3:22am
Can't post because of EJ

just wanted to say

HUGE FORTUNES ARE BEING MADE!!


Adding longs with tight stops after each m1 hidden div..

SO MUCH PROFIT TODAY... in like 2 hours
Attached Image (click to enlarge)
Click to Enlarge Name: quicksave117.jpg Size: 196 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #33,843
  • Feb 5, 2013 3:25am Feb 5, 2013 3:25am
Quoting Rag2RichesFX
Can't post because of EJ

just wanted to say

HUGE FORTUNES ARE BEING MADE!!


Adding longs with tight stops after each m1 hidden div..

SO MUCH PROFIT TODAY... in like 2 hours
hahaha... I have grab 70 pips from EJ too.. I am super late..
  • #33,844
  • Feb 5, 2013 3:33am Feb 5, 2013 3:33am
This is the info I could never post on Friday because my account was suspended. Not arguing here as my account was suspended for proper reasons (me breaking rule #3) but it is a pity because it was a very good call and money could be made out of it. Luckily some people could look at this though. The comments are reported in inverted commas.

" (posted last Friday 1/2/2013)

http://www.forexfactory.com/attachme...1&d=1360056601


Price has reached the target of the B2 leg (in my intermediate plan for the Euro) and I anticipate some sort of retracement lower into the 1.3445 area. Probably is not a matter of when but how. Of course any outcome is possible and price may never retrace to the indicated level.
Below the 1.3625 important threshold level the ‘M-for-Murder’ pattern is on and we are going to get some sort of retracement. In this case I have identified two potential scenarios (refer to the above picture):

Scenario 1. Price moves below 1.3625 and Euro keeps selling. We could see a bounce at the 20-bar SMA and then a lower high in the 1.3610 area and then a continuation lower into the 1.3445 area.

Scenario 2. Price moves below 1.3625 and confirms the ‘M-for-Murder’ pattern. It then rallies all the way to the 1.3700 area or slightly above and then sells off into 1.3445 area in 2-3 days.

Notice that both scenarios could (should) find support at the 1.3445 area where I would be interested in new swing longs into 1.3850.
Please let me have your comments and views."
"markets traded by programs/HFT offer a significant trading edge..."
  • #33,845
  • Feb 5, 2013 4:25am Feb 5, 2013 4:25am
Quoting mok1one
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.
Missed the nice move Have to pick the seeds on the floor then i guess (scalp)
  • #33,846
  • Feb 5, 2013 4:44am Feb 5, 2013 4:44am
fantastic trend

got long again after taking profits 125.90

target 126.70.. might be closing half @ 126.05. likely will be m15 bearish divergence. then will look to relong.

have made over 300 pips today
Attached Image (click to enlarge)
Click to Enlarge Name: quicksave118.jpg Size: 186 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #33,847
  • Feb 5, 2013 4:49am Feb 5, 2013 4:49am
closed half @ 125.98

add sorry steve

i forgot this was eurusd only..

maybe you can make an exception Hehe
Be hopeful in a winning position, and fearful in a losing position.
  • #33,848
  • Feb 5, 2013 4:59am Feb 5, 2013 4:59am
Quoting Rag2RichesFX
fantastic trend

got long again after taking profits 125.90

target 126.70.. might be closing half @ 126.05. likely will be m15 bearish divergence. then will look to relong.

have made over 300 pips today
i missed the big run due to personal thing needed to be taken care of but have gotten 50 out there already.
And i hate my broker. tryed to enter the last trade 5 times - every time when i pushed the button i had a RE-QUOTE ... missed 13 pips to that .
Now on i use deviation from quoted price 2 pips.
But this thing is flying today.
  • #33,849
  • Feb 5, 2013 5:05am Feb 5, 2013 5:05am
in case this is happening again, you could post it on other forum or your own blog and tell us about it

Quoting fibstalker
This is the info I could never post on Friday because my account was suspended. Not arguing here as my account was suspended for proper reasons (me breaking rule #3) but it is a pity because it was a very good call and money could be made out of it. Luckily some people could look at this though. The comments are reported in inverted commas.

" (posted last Friday 1/2/2013)

http://www.forexfactory.com/attachme...1&d=1360056601...
You see, but you do not observe. The distinction is clear
  • #33,850
  • Feb 5, 2013 5:06am Feb 5, 2013 5:06am
Good luck with the scalping.
And there will be new set ups for great oppurtunities
Quoting mok1one
Missed the nice move Have to pick the seeds on the floor then i guess (scalp)
  • #33,851
  • Feb 5, 2013 5:09am Feb 5, 2013 5:09am
Quoting Swedishtrade
Good luck with the scalping.
And there will be new set ups for great oppurtunities
TY. so far good EJ has brought already 50.
  • #33,852
  • Feb 5, 2013 5:12am Feb 5, 2013 5:12am
Quoting mok1one
i missed the big run due to personal thing needed to be taken care of but have gotten 50 out there already.
And i hate my broker. tryed to enter the last trade 5 times - every time when i pushed the button i had a RE-QUOTE ... missed 13 pips to that .
Now on i use deviation from quoted price 2 pips.
But this thing is flying today.

wow you need to change that broker

i never get requote ever and all fills are instant

spread on EJ is 0.8-1.2 pips (plus 0.7 pip commission)

ecn broker



dont worry about missing move, there will be another big bull wave soon!

maybe not until NY but it will come.

im waiting for the m15 hidden divergence


pretty sure it will see 126.70 today
Be hopeful in a winning position, and fearful in a losing position.
  • #33,853
  • Feb 5, 2013 5:15am Feb 5, 2013 5:15am
Quoting Rag2RichesFX
wow you need to change that broker

i never get requote ever and all fills are instant

spread on EJ is 0.8-1.2 pips (plus 0.7 pip commission)



dont worry about missing move, there will be another big bull wave soon!

maybe not until NY
Not worried. We have the whole day ahead

But the re-quote i got so frustrated like aaarrrgghhh... I pushed a button. price moved 1 pip up. had re-quote and price went 1 pip down back. pushed the button..again 1 pip up. had a re-quote. price moved back 1 pip down. pushed the button. price moved 5 pips and same stuff all over. and so for 5 times. and finally i had to enter 13 pips higher thanks to that.
  • #33,854
  • Feb 5, 2013 5:19am Feb 5, 2013 5:19am
Quoting Rag2RichesFX


dont worry about missing move, there will be another big bull wave soon!

maybe not until NY but it will come.

im waiting for the m15 hidden divergence


pretty sure it will see 126.70 today
126,70 is only 40 pips away now i think we might even see a new high with that speed.
  • #33,855
  • Feb 5, 2013 5:23am Feb 5, 2013 5:23am
Quoting mok1one
126,70 is only 40 pips away now i think we might even see a new high with that speed.
The NY isn't opened yet but EJ has moved over 200 pips today. 300-400 pip day?
  • #33,856
  • Feb 5, 2013 5:30am Feb 5, 2013 5:30am
sneaky sneaky

profits were taken at the 50 handle

reloaded at 40
Attached Image (click to enlarge)
Click to Enlarge Name: quicksave119.jpg Size: 183 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #33,857
  • Feb 5, 2013 5:52am Feb 5, 2013 5:52am
this is what im waiting for next, m15 hidden divs


ill trade this pair until NY closes... its going to be active all day.
Attached Image (click to enlarge)
Click to Enlarge Name: quicksave119.jpg Size: 230 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #33,858
  • Feb 5, 2013 6:09am Feb 5, 2013 6:09am
Quoting budii
in case this is happening again, you could post it on other forum or your own blog and tell us about it
Hello budii,
if it's not here it will be there. I try to post on FF first.... It's happening all the time. Maybe it will happen again on the daily chart (as opposed to 4-hour), on the long side... next week, we will see.. but this chap could also go straight up into 1.3850 (firm pip exit).
"markets traded by programs/HFT offer a significant trading edge..."
  • #33,859
  • Feb 5, 2013 6:10am Feb 5, 2013 6:10am
Quoting mok1one
Not worried. We have the whole day ahead

But the re-quote i got so frustrated like aaarrrgghhh... I pushed a button. price moved 1 pip up. had re-quote and price went 1 pip down back. pushed the button..again 1 pip up. had a re-quote. price moved back 1 pip down. pushed the button. price moved 5 pips and same stuff all over. and so for 5 times. and finally i had to enter 13 pips higher thanks to that.
if you would like to know what broker i use send a pm


lunch be back in a bit
Be hopeful in a winning position, and fearful in a losing position.
  • #33,860
  • Feb 5, 2013 7:14am Feb 5, 2013 7:14am
guys
hope you all doin good

after yesterday loss as posted I stop trading for a refresh this week.
& work on EW code today.

actually I am very happy aboıut loss

got the trick about how to count basicly & code fixed. still working
will share the details.
ok its not rocket science but sounds working

trade well
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