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Trading EURUSD only

  • #35,561
  • Feb 20, 2013 9:24am Feb 20, 2013 9:24am
Quoting stevewalker
2990
should be D1 chart or so
Correct Thats is Medium term TA on 1 Day TF
  • #35,562
  • Feb 20, 2013 9:25am Feb 20, 2013 9:25am

Quoting morob
Correct Thats is Medium term TA on 1 Day TF
  • #35,563
  • Feb 20, 2013 9:27am Feb 20, 2013 9:27am
Quoting mok1one
Strange and wastful week so far.

Steve. Where are those 500-700 weeks you promised me
I gotta take my words back to be honest.

I have to be in relax mode every day starting today
Collected over 60 pips with the few hours i've been here and with current market contitions.

So...relaxmode initiated
  • #35,564
  • Feb 20, 2013 9:30am Feb 20, 2013 9:30am
My position exactly, will take profit up around the 3860's, and scale out rest of position in the 40's
Quoting morob
Trading central MT

EUR/USD MT: supported by a rising trend line. Pivot: 1.2990
Our Preference: LONG position above 1.2990 with 1.383 & 1.4245 in sight.
Alternative Scenario: Below 1.2990 down move to 1.265 & 1.25.
Comment: the pair is rebounding on its rising trend line and...
Attached Image (click to enlarge)
Click to Enlarge Name: d1.gif Size: 38 KB
  • #35,565
  • Feb 20, 2013 9:31am Feb 20, 2013 9:31am
well done

relaxing money
hehe
Quoting mok1one
I gotta take my words back to be honest.

I have to be in relax mode every day starting today
Collected over 60 pips with the few hours i've been here and with current market contitions.

So...relaxmode initiated
  • #35,566
  • Feb 20, 2013 10:02am Feb 20, 2013 10:02am
Quoting Lucrativ
My position exactly, will take profit up around the 3860's, and scale out rest of position in the 40's
Yes

Thats my work well for You in few weeks time.

I am not position trader

Usually I am happy with 5-50 pips TG

Sometimes even less when do some scalping

  • #35,567
  • Feb 20, 2013 10:15am Feb 20, 2013 10:15am
Quoting Miguel.N
...now it seems going back to the down trend, toward 1.315 !?!?
next target can be 1.33 !?
  • #35,568
  • Feb 20, 2013 10:57am Feb 20, 2013 10:57am
Quoting Miguel.N
next target can be 1.33 !?
or stop here at 3338 and up, crazy stuff !?
  • #35,569
  • Feb 20, 2013 11:15am Feb 20, 2013 11:15am
Hello all,
Euro very iffy and dodgy, but still short imho.

Here's my updated view on the 4-hour chart:

http://www.forexfactory.com/attachme...1&d=1361380460

The 1.3530 area of resistance and short selling never traded (too big of a front-run), but program trading participation has evidently pushed price lower. The 1.3540 area of setup has targets in the 1.3270 area (1st target) and the 1.3130 area (2nd target)

The 1.3276 level is a very important level to monitor. It being pierced on the downside would open up the possibility of a retrace all the way into the 1.2900 area of support, which I have been now anticipating since some time (find the reason in Feb 8th video). Notice that the first target of the current short setup in the 4-hour timeframe in the 1.3410 area is below that 1.3276 level. So if the current setup in the 4-hour chart reaches the already confirmed 1st target, we could continue much lower (into 1.2900).

With the violation of the 1.3350 level on the downside we should no longer see strong interest from bulls in the 4-hour timeframe. However we could still see a retrace onto the 1.3360-90 area. We can still have a retrace up to the 1.3380 area but the move lower should then resume.

If the move continues lower it could meet the 100-day SMA at the 1.3130 area. There we could get a bounce into the 1.3215-45 or even 1.3260 area before a continuation lower into the 1.29s.

I am going to publish a video review on the Euro-dollar later on.

Trade safe.
Cheers
"markets traded by programs/HFT offer a significant trading edge..."
  • #35,570
  • Feb 20, 2013 11:32am Feb 20, 2013 11:32am
well, already shorted today..I´ve switched to short chip...Eurusd can go to 1.3130 and eurjpy will drop 100 pips IMO on FOMC minutes...someone explained about Waves Theory that we are in the E, and mainly we could have again W inverted on 4h TF, with double top...at least retrace to 50% fibo...
  • #35,571
  • Feb 20, 2013 12:14pm Feb 20, 2013 12:14pm
The USDX reached that 80.70-80 area of 1st target and we are seeing some profit taking.

http://www.forexfactory.com/showthre...31#post6446631

Next stop is 81.30. The FOMC announcement could generate a reaction that goes in the direction of the confirmed short in the Euro, so continued move higher for USDX.

Any thoughts?
"markets traded by programs/HFT offer a significant trading edge..."
  • #35,572
  • Feb 20, 2013 1:41pm Feb 20, 2013 1:41pm
Quoting xandi
well, already shorted today..I´ve switched to short chip...Eurusd can go to 1.3130 and eurjpy will drop 100 pips IMO on FOMC minutes...someone explained about Waves Theory that we are in the E, and mainly we could have again W inverted on 4h TF, with double top...at least retrace to 50% fibo...
ty xandi, as well i am short since this morning following this chart...
Quoting Miguel.N
ty bro for your chart:
and what about this 4H chart with upper line = top of 01/02 and top of today !?
...and i was astonish how some guys here making money by doing longs!? ...i was making money with shorts and others guys making money with longs in the same time, i though i was crazy !?

...some guys here making mistake by acting like different football teams rather than take everybody in consideration, and we must know that we are all a one team and have all the same enemy !
  • #35,573
  • Edited 3:51pm Feb 20, 2013 1:53pm | Edited 3:51pm
totally lost, we don't know where is going !
  • #35,574
  • Feb 20, 2013 2:02pm Feb 20, 2013 2:02pm
ok guys
2 LG s Stop Out Total -50
I could have exit +20 had a chance but I insist today. stuck in goat mode today. happens.
was out for some family bussines.
may be the trade size effect my desecions dont know.
no exuses

test will continiou until WE

FOMC has been made a great job. well to be honest there were no plans for short trading so nothing missed .

trade well
  • #35,575
  • Feb 20, 2013 2:05pm Feb 20, 2013 2:05pm
BTW actual CT says I could trade LG @ 3280 21:04Hr GMT+2
that was missed
had enough LOSS today so no more trades today

Quoting stevewalker
ok guys
2 LG s Stop Out Total -50
I could have exit +20 had a chance but I insist today. stuck in goat mode today. happens.
was out for some family bussines.
may be the trade size effect my desecions dont know.
no exuses

test will continiou until WE

FOMC has been made a great job. well to be honest there were no plans for short trading so nothing missed .

trade well
  • #35,576
  • Feb 20, 2013 2:21pm Feb 20, 2013 2:21pm
Quoting xandi
well, already shorted today..I´ve switched to short chip...Eurusd can go to 1.3130 and eurjpy will drop 100 pips IMO on FOMC minutes...someone explained about Waves Theory that we are in the E, and mainly we could have again W inverted on 4h TF, with double top...at least retrace to 50% fibo...
this time learned the lesson from dragui speechs...inniatly I missed the first pips down move, but as I was short bias, and the lesson took from FOCM/Dragui/Bernake (except NFP) was "follow the ships", I went short!! and even caught much much pips...
  • #35,577
  • Feb 20, 2013 2:24pm Feb 20, 2013 2:24pm
well done
I was out at that moment
as said nothing missed from my side
there were no plans for short

Quoting xandi
this time learned the lesson from dragui speechs...inniatly I missed the first pips down move, but as I was short bias, and the lesson took from FOCM/Dragui/Bernake (except NFP) was "follow the ships", I went short!! and even caught much much pips...
  • #35,578
  • Feb 20, 2013 2:33pm Feb 20, 2013 2:33pm
Quoting stevewalker
well done
I was out at that moment
as said nothing missed from my side
there were no plans for short
i´m not thinking in longs for next time...have to revaluate, but at least in Eurjpy I´m not thinking in longs anymore...
  • #35,579
  • Feb 20, 2013 2:36pm Feb 20, 2013 2:36pm
this week I am in test mode
& will trade what I see
even with todays loss I am confident.
I know it works but I should not stuck in goat mode. hehe

Quoting xandi
i´m not thinking in longs for next time...have to revaluate, but at least in Eurjpy I´m not thinking in longs anymore...
  • #35,580
  • Feb 20, 2013 2:37pm Feb 20, 2013 2:37pm
Gonna take a long here, we are sitting on a nice support line. ( already up a few pips ^_^ )

TP small maybe 10-20 pips

SL tight about 20-30
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