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Trading EURUSD only

  • #34,281
  • Feb 12, 2013 7:11am Feb 12, 2013 7:11am
the ones that you draw not the main TLs
you connected the nearest High & Lows
this is also valid

Quoting fibstalker
Agree, it's easy to see a setup respecting a trendline after the fact. But trendlines are made to be broken so would you ac on that?
Who tells me that when I am ready to act that's the time the trendline won't work?
For what I know there are no statistics on trendline holding or not. Of course you would not consider the trendline alone to take the trade.

However, as I always say, if it works and you can consistently make money out of it, more power to you!
  • #34,282
  • Feb 12, 2013 7:11am Feb 12, 2013 7:11am
Short @ 3432 TP @ 3390 and SL @ 3466
  • #34,283
  • Feb 12, 2013 7:12am Feb 12, 2013 7:12am
same thing happennig all week

spike up
leak down


Quoting mok1one
Also for me. But this is the way NY has behaved the last weeks. When they open a big "WHAT?" comes to my eyes
  • #34,284
  • Feb 12, 2013 7:12am Feb 12, 2013 7:12am
GL
Quoting Brocklesnar
Short @ 3432 TP @ 3390 and SL @ 3466
  • #34,285
  • Feb 12, 2013 7:14am Feb 12, 2013 7:14am
Quoting Brocklesnar
Short @ 3432 TP @ 3390 and SL @ 3466
GL
just do it
  • #34,286
  • Feb 12, 2013 7:15am Feb 12, 2013 7:15am
ty but it seems like my SL will be hit before draghi speaks
Quoting stevewalker
GL
  • #34,287
  • Feb 12, 2013 7:16am Feb 12, 2013 7:16am
Mok I hope they are happy with yesterday's long. We can still see a retrace into 1.3410 for new long/adds, but not sure...

Quoting mok1one
My guess is that NY wants to enter lower.
3411 - 61.8 fib retrace mayby?
"markets traded by programs/HFT offer a significant trading edge..."
  • #34,288
  • Feb 12, 2013 7:19am Feb 12, 2013 7:19am
exit 2nd entry +12
reduced risk
1st entry FL -8
NS
Quoting stevewalker
3432 add level

no more adds then
3420 exit level no change will be done
  • #34,289
  • Feb 12, 2013 7:23am Feb 12, 2013 7:23am
for SL level
you should add at least add 3 pips to REZ/SUP levels
FYI
or you will be hunted very often


Quoting Brocklesnar
Short @ 3432 TP @ 3390 and SL @ 3466
  • #34,290
  • Feb 12, 2013 7:27am Feb 12, 2013 7:27am
Quoting fibstalker
Mok I hope they are happy with yesterday's long. We can still see a retrace into 1.3410 for new long/adds, but not sure...
That's what I'm afraid of. They go up and then bring it hard down. happened yesterday and last week sessions.
  • #34,291
  • Feb 12, 2013 7:27am Feb 12, 2013 7:27am
DX found resistance here. It broke the trendline too.

Trendlines are just made to be broken and I don't trust them... (you may argue they have to be broken on a closing basis or 2%-3% of price, ect. ect.....) That's just my viewpoint. Unfortunately I cannot make money with trendlines.Of course if you can make more with trendlines, more power to you... and I am happy for you.

I would like to see price moving below 80.17 which would suggest to me that a retest of the 79.80 level of support would be very probable, pushing the Euro higher.

What do you think? I had some good comments on the blog on the Dollar.

http://www.forexfactory.com/attachme...1&d=1360674181
"markets traded by programs/HFT offer a significant trading edge..."
  • #34,292
  • Feb 12, 2013 7:27am Feb 12, 2013 7:27am
Exit both lgs +14/+-0
just do it
  • #34,293
  • Feb 12, 2013 7:39am Feb 12, 2013 7:39am
Quoting mok1one
Also for me. But this is the way NY has behaved the last weeks. When they open a big "WHAT?" comes to my eyes
.
  • #34,294
  • Feb 12, 2013 7:41am Feb 12, 2013 7:41am
For this I can only go up one timeframe or two and hope Draghi won't pound the Euro.... more than that I do not play news...
Good luck


Quoting mok1one
That's what I'm afraid of. They go up and then bring it hard down. happened yesterday and last week sessions.
"markets traded by programs/HFT offer a significant trading edge..."
  • #34,295
  • Feb 12, 2013 7:41am Feb 12, 2013 7:41am
Happy trading old faithfuls of this thread: Steve, Mokone1, Thodie, fibstalker.... looks like the upmove has regained legs. Steve, that [email protected] is dead, i'm wating for this TL on my 15min to break, not that it really matters, i'm still long from my original position guys1.3099, i'm mastering major pshyco called patience...
Attached Image (click to enlarge)
Click to Enlarge Name: 15mins ch.gif Size: 35 KB
  • #34,296
  • Feb 12, 2013 7:43am Feb 12, 2013 7:43am
draghi speech only triggers tech.
thats all
if tech says down it tirggers down
or
vice verse

Quoting fibstalker
For this I can only go up one timeframe or two and hope Draghi won't pound the Euro.... more than that I do not play news...
Good luck
  • #34,297
  • Feb 12, 2013 7:44am Feb 12, 2013 7:44am
super

Quoting Lucrativ
Happy trading old faithfuls of this thread: Steve, Mokone1, Thodie, fibstalker.... looks like the upmove has regained legs. Steve, that [email protected] is dead, i'm wating for this TL on my 15min to break, not that it really matters, i'm still long from my original position guys1.3099, i'm mastering major pshyco called patience...
  • #34,298
  • Feb 12, 2013 7:45am Feb 12, 2013 7:45am
ny came and mess started on ej. and seems they want to bring eu also down.
  • #34,299
  • Feb 12, 2013 7:47am Feb 12, 2013 7:47am
I have only one headacke
you have atleast 2 with EJ if more more headackes

your choice

EU is the needle of compass
others are derivetives

Quoting mok1one
ny came and mess started on ej. and seems they want to bring eu also down.
  • #34,300
  • Feb 12, 2013 7:49am Feb 12, 2013 7:49am
Quoting stevewalker
I have only one headacke
you have atleast 2 with EJ if more more headackes

your choice

EU is the needle of compass
others are derivetives
Right now i'm on EJ. Just watching PA on EU.
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