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EURUSD

  • #761,801
  • Feb 20, 2013 10:30am Feb 20, 2013 10:30am
euro/usd is heading to 13240 but we should get a bounce before that. and then ultimately to 130's
  • #761,802
  • Feb 20, 2013 10:33am Feb 20, 2013 10:33am
Quoting halkins
No... I was pretty nice in profits ;( I WAS.......
Many times when trying to catch a "bigger move", like 150-250 pips market does make some stupid dance...
I am doing much better grabbing 3 times by 50-70 pips and go,,,
At least it does not hurt so much like giving back profits...
The saying let the profit run is shite :/ (unless you use 200pips stop loss
I hear ya Take profit when you feel you can be happy with. I do set targets when entering a trade but it is once in a blue moon I can wait untill it is hit.
  • #761,803
  • Feb 20, 2013 10:33am Feb 20, 2013 10:33am
Quoting spartanforex
long euro/yen 12508 sl 12490 tp 12570
I think your sl might be hit with the high volume drop.
  • #761,804
  • Feb 20, 2013 10:34am Feb 20, 2013 10:34am
Quoting egkid
B back later@News don't wanna get nerves
i agree brother... dinner and then fireworks...
  • #761,805
  • Feb 20, 2013 10:40am Feb 20, 2013 10:40am
Quoting math_GB
Well played Needless to say, I am Long EU @1.3348 and EJ @125.07 both have 20 pips SL and TP of 100 and 150 respectively It may become a firework show now...

Even I'm long EU @ 1.3350, So is there a chance that this hour EU to move up to 1.3400.... please reply ur view.
  • #761,806
  • Feb 20, 2013 10:40am Feb 20, 2013 10:40am
Quoting attila
and while I go take a nap (not going to trade the fomc nonsense), I will let you figure out why I was on the short side second part of the day.. no more hand holding. go work!
Because price was mostly inside or below the Kumo clouds on the M15...pretty much the entire 2nd half of today? Or was it because since the 15th we seem to bounce of the same stupid level for EURJPY? Or because price never really got moving much after the bad US news? Or because EURUSD crossed a key round level (1.34) strongly from the upside?

In retrospect there were quite a few reasons for short trades today...but I guess Captain Hindsight is always right

PS: Trix supports your shorts too...
  • #761,807
  • Feb 20, 2013 10:42am Feb 20, 2013 10:42am
Quoting Derextreme
I think your sl might be hit with the high volume drop.
yes it was i re-entered lower with a larger position. thought it was gonna be stopped after it didnt bounce reight away.

new position is at 12480
  • #761,808
  • Feb 20, 2013 10:43am Feb 20, 2013 10:43am
Quoting a16908
Even I'm long EU @ 1.3350, So is there a chance that this hour EU to move up to 1.3400.... please reply ur view.
There certainly is but you can never know put a reasonable SL and leave it and bear in mind it is FOMC day so there is nothing impossible.
  • #761,809
  • Feb 20, 2013 10:43am Feb 20, 2013 10:43am
Quoting 4exNinja
Because price was mostly inside or below the Kumo clouds on the M15...pretty much the entire 2nd half of today? Or was it because since the 15th we seem to bounce of the same stupid level for EURJPY? Or because price never really got moving much after the bad US news? Or because EURUSD crossed a key round level (1.34) strongly from the upside?

In retrospect there were quite a few reasons for short trades today...but I guess Captain Hindsight is always right

PS: Trix supports your shorts too...
maybe maybe and maybe.... figure out why it bounced down off 3396 and you'll have your answer. If you remember I took my first short at 91.
  • #761,810
  • Feb 20, 2013 10:43am Feb 20, 2013 10:43am
Believe in your rules. Don't limit yourself with stops, utilize TS.

Dont ask opinions of others. Believe in your opinion and stay in the saddle.
Optimization=predicts future better than we the people.
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  • #761,811
  • Feb 20, 2013 10:48am Feb 20, 2013 10:48am
Quoting attila
maybe maybe and maybe.... figure out why it bounced down off 3396 and you'll have your answer. If you remember I took my first short at 91.
There's actually a little more than that. what puzzled me (and others) was yesterday it went out of that range pretty strongly.. and now it was going back towards it and it didn't seem like a back test.. I'll repeat: trade PA and candlesticks without understanding why they print (i.e. trade them in isolation) and you'll get screwed more often than not. You can study all the books you want... for each successful pattern I can show you 10 that fail.. Actually a better way to do it is trade failed candles sticks/patterns, etc.
  • #761,812
  • Feb 20, 2013 10:48am Feb 20, 2013 10:48am
Quoting attila
maybe maybe and maybe.... figure out why it bounced down off 3396 and you'll have your answer. If you remember I took my first short at 91.
Head and shoulders on H1?
  • #761,813
  • Feb 20, 2013 10:49am Feb 20, 2013 10:49am
Quoting attila
maybe maybe and maybe.... figure out why it bounced down off 3396 and you'll have your answer. If you remember I took my first short at 91.
Funny you mention that level...it corresponds with my H4 Coral (THV system) to the pip. That level served as resistance earlier but this time we basically flew through it on the way down. Took 8+ 15min candles to break through on the way up...yet on the way down it obliterated that level

Seeing a few gravestones too right before it turned...something I honestly should have noticed. Juggling work and watching charts isn't always easy...
  • #761,814
  • Feb 20, 2013 10:50am Feb 20, 2013 10:50am
Quoting attila
There's actually a little more than that. what puzzled me (and others) was yesterday it went out of that range pretty strongly.. and now it was going back towards it and it didn't seem like a back test.. I'll repeat: trade PA and candlesticks without understanding why they print (i.e. trade them in isolation) and you'll get screwed more often than not. You can study all the books you want... for each successful pattern I can show you 10 that fail.. Actually a better way to do it is trade failed candles sticks/patterns, etc.
Thanks for the tip attila! Would vouch for you, but can't for obvious reasons
  • #761,815
  • Feb 20, 2013 10:50am Feb 20, 2013 10:50am
Quoting Aequitas
Head and shoulders on H1?
I didn't notice that, but yeah, it looks right.. Allright peoples, I need sleep, woke up at 1 AM. l8tr.
  • #761,816
  • Feb 20, 2013 10:50am Feb 20, 2013 10:50am
i closed gu and have a small L 5296
those who can, do. those who cant, talk about those who can
  • #761,817
  • Feb 20, 2013 10:51am Feb 20, 2013 10:51am
Quoting 4exNinja
Funny you mention that level...it corresponds with my H4 Coral (THV system) to the pip. That level served as resistance earlier but this time we basically flew through it on the way down. Took 8+ 15min candles to break through on the way up...yet on the way down it obliterated that level
It was also the London session mid at the time.
  • #761,818
  • Feb 20, 2013 10:53am Feb 20, 2013 10:53am
Quoting attila
maybe maybe and maybe.... figure out why it bounced down off 3396 and you'll have your answer. If you remember I took my first short at 91.
You never forget those levels do you?

1.3396
1.3380
1.3258
1.3165
  • #761,819
  • Feb 20, 2013 10:54am Feb 20, 2013 10:54am
Quoting attila
It was also the London session mid at the time.
True...good point. Funny how everything's clear in hindsight. Made a decent amount of pips today, but funny enough all trading the "wrong" way. Will try to pay more attention to that stuff, thx!
  • #761,820
  • Feb 20, 2013 10:56am Feb 20, 2013 10:56am
124.70
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