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Trading EURUSD only

  • #34,421
  • Feb 13, 2013 1:08am Feb 13, 2013 1:08am
Thanks steve,
daily shorts stops are being hit at the moment as price entered the daily resistance area.
Rejoyce! 1.3870 even closer now

GL

Quoting stevewalker
at last its making some progress
"markets traded by programs/HFT offer a significant trading edge..."
  • #34,422
  • Feb 13, 2013 1:11am Feb 13, 2013 1:11am
exit +20
actually done for today

if I see a good setup will trade.

camel steps
  • #34,423
  • Feb 13, 2013 1:13am Feb 13, 2013 1:13am
we still have a POSS D1 right shoulder
means down from 3500 zone

so better be on safe side
  • #34,424
  • Feb 13, 2013 1:20am Feb 13, 2013 1:20am
Quoting stevewalker
we still have a POSS D1 right shoulder
means down from 3500 zone

so better be on safe side
I see 3500-3510 as a major resistance on my charts.
  • #34,425
  • Feb 13, 2013 1:22am Feb 13, 2013 1:22am
my charts says 3515
so I posted as 3500 zone

Quoting mok1one
I see 3500-3510 as a major resistance on my charts.
  • #34,426
  • Feb 13, 2013 1:23am Feb 13, 2013 1:23am
That area will also be a temporary profit taking spot, but not a new short imho.
If we get above 1.3510 we still have to meet the big guys waiting us at the 1.3540 area, although no one may show up there, because there wasn't enough time to create large short positions on the weekly timeframe, during the last move lower in the Euro...
Just my 2 pips...

Quoting mok1one
I see 3500-3510 as a major resistance on my charts.
"markets traded by programs/HFT offer a significant trading edge..."
  • #34,427
  • Feb 13, 2013 1:26am Feb 13, 2013 1:26am
Quoting mok1one
I see 3500-3510 as a major resistance on my charts.
30min chart with 30min fib-channels.
Attached Image (click to enlarge)
Click to Enlarge Name: 30.jpg Size: 205 KB
  • #34,428
  • Feb 13, 2013 1:31am Feb 13, 2013 1:31am
I have an entry level at 1.350 looking to short to 1.3360 area with a stop loss of 1.3550

Reason there is a resistance level at 1.350 area and a support area at 1.3360 area
  • #34,429
  • Feb 13, 2013 1:32am Feb 13, 2013 1:32am
its there again
3485
the gate
  • #34,430
  • Feb 13, 2013 1:33am Feb 13, 2013 1:33am
POSS scenario

Quoting Scorpion786
I have an entry level at 1.350 looking to short to 1.3360 area with a stop loss of 1.3550

Reason there is a resistance level at 1.350 area and a support area at 1.3360 area
  • #34,431
  • Feb 13, 2013 1:35am Feb 13, 2013 1:35am
There is also a lot of support below 1.350....

Quoting Scorpion786
I have an entry level at 1.350 looking to short to 1.3360 area with a stop loss of 1.3550

Reason there is a resistance level at 1.350 area and a support area at 1.3360 area
"markets traded by programs/HFT offer a significant trading edge..."
  • #34,432
  • Feb 13, 2013 1:35am Feb 13, 2013 1:35am
for me it should get away from 3485 ( the gate ) for new trades or I should see a setup with momentum
this is a critival level
  • #34,433
  • Feb 13, 2013 1:36am Feb 13, 2013 1:36am
Quoting stevewalker
for me it should get away from 3485 ( the gate ) for new trades or I should see a setup with momentum
this is a critival level
the trigger might be coming in 24 min. EZ Industrial Production m/m release.
Until then the price rests a bit i guess.
  • #34,434
  • Feb 13, 2013 1:37am Feb 13, 2013 1:37am
when I look D1 I can see a POSS right shoulder as posted many times.
so roll down a POSS scenario

better be carefull
both for SH & LG
Attached Image (click to enlarge)
Click to Enlarge Name: _3.gif Size: 21 KB
  • #34,435
  • Feb 13, 2013 1:38am Feb 13, 2013 1:38am
the only issue about right shoulder we have strong up slope neck line
this may fail it

Quoting stevewalker
when I look D1 I can see a POSS right shoulder as posted many times.
so roll down a POSS scenario

better be carefull
both for SH & LG
  • #34,436
  • Feb 13, 2013 1:40am Feb 13, 2013 1:40am
Quoting fibstalker
There is also a lot of support below 1.350....
YES agree but the support level was previously broken and now it is moving towards it for a retest. then should go short. This is my opinion and strategy
  • #34,437
  • Feb 13, 2013 1:41am Feb 13, 2013 1:41am
Quoting stevewalker
when I look D1 I can see a POSS right shoulder as posted many times.
so roll down a POSS scenario

better be carefull
both for SH & LG
The rolldown could happen in the area 3500-3510 if it would. as Xandi and many others call it a "fresh trade".
But it could go to 3540 also as Fibstalker mentioned. It matches with my daily fib-channel line.
  • #34,438
  • Feb 13, 2013 1:41am Feb 13, 2013 1:41am
as you also noticed I am filtering my trades & entering the good ones according to my experience.
booking the profit & staying aside & waiting for new setup.

I definetly stop trading like crazy.

I advise you the same thing
  • #34,439
  • Feb 13, 2013 1:42am Feb 13, 2013 1:42am
I see 3543/47 in sight
but 3515/18 seems strong
we will see soon

Quoting mok1one
The rolldown could happen in the area 3500-3510 if it would. as Xandi and many others call it a "fresh trade".
But it could go to 3540 also as Fibstalker mentioned. It matches with my daily fib-channel line.
  • #34,440
  • Feb 13, 2013 1:43am Feb 13, 2013 1:43am
Quoting stevewalker
the only issue about right shoulder we have strong up slope neck line
this may fail it
Very stong upslope.
"Neckline" is @ approx. 3360
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