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Trading EURUSD only

  • #36,741
  • Mar 5, 2013 3:16pm Mar 5, 2013 3:16pm
Quoting Iq221
hello everybody , I need good template for EURUSD - H1 . can someone give me good devise what to use or where from download?? )) sorry for my newbaby's question
Hi, coming from a newbie (Myself) I believe you need to establish and test a method or system that works for yourself. There is plenty of threads on different types of systems with templates available for download here on FF but what is good for one trader may not be for others. I personally have spent hours scouring FF over the last few months looking for these good templates/systems but after reading many threads on trading by experienced traders I soon realised that there is more to it than just downloading someones template i.e you need to think how they are thinking which to me means reading pages and pages of said traders post.
I personally am starting to look into reading price action and I have also started reading about phycology of trading.
Any way I won't waffle to much on this thread as I will / am starting to go off topic, apologies to Steve and others.
(p.s as I am a newbie what I have written should not be taken as fact)

Regards. Nick.
  • #36,742
  • Mar 5, 2013 3:57pm Mar 5, 2013 3:57pm
Quoting Af Capt
I think that is a very excellent wave count on the the 5M candles. we'll probably get PA above 1.3050 and RSI will fail to confirm on the the 5m candles. That's about 10 free pips if anyone is paying attention. I'd put a SL at 1.3033 and a TP above 1.3050. Currently trading at 1.3040. So, risk reward is like 1 to 1:50 You're call. Be cautious going long because we have been in a corrective consolidation higher building cause to go lower. I expect the larger trend to the downside to resume later in the week where PA will probably get ino...
Hi AC
Thanks for the feedback, and welcome to FF.
I have my TP at 1.3100 [measured] from a Cup and Handle Break Out.
8 pip trailing Stop Loss [5 pip step up]. Edit: Now 8 pip step.
Once past the 61.8% Fib. I'll set the Stop at BE and catch some zzzzzzzzzz's [11pm over here]
Cheers,
U2
Wait, or you will be slaughtered!
  • #36,743
  • Mar 5, 2013 4:00pm Mar 5, 2013 4:00pm
Quoting Uturn2

Hi AC
Thanks for the feedback, and welcome to FF.
I have my TP at 1.3100 [measured] from a Cup and Handle Break Out.
8 pip trailing Stop Loss [5 pip step up].
Once past the 61.8% Fib. I'll set the Stop at BE and catch some zzzzzzzzzz's [11pm over here]
Cheers,
U2
2m Cup and Handle Charts:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 130305_2m[2]EURUSD.png Size: 39 KB
Click to Enlarge Name: 130305_2m[3]EURUSD.png Size: 32 KB
Wait, or you will be slaughtered!
  • #36,744
  • Mar 5, 2013 4:08pm Mar 5, 2013 4:08pm
Lift Off [above 61.8%]?
30m Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 130305_30m[2]EURUSD.png Size: 38 KB
Wait, or you will be slaughtered!
  • #36,745
  • Mar 5, 2013 4:12pm Mar 5, 2013 4:12pm
EU 4H:
Higher Highs, Higher Lows?
[Buyers lurking in the 'Shadows' of the Candle Sticks - Blue PA Demand Zones]
Attached Image (click to enlarge)
Click to Enlarge Name: 130305_4H[1]EURUSD.png Size: 28 KB
Wait, or you will be slaughtered!
  • #36,746
  • Mar 5, 2013 4:27pm Mar 5, 2013 4:27pm
Quoting Uturn2

Hi AC
Thanks for the feedback, and welcome to FF.
I have my TP at 1.3100 [measured] from a Cup and Handle Break Out.
8 pip trailing Stop Loss [5 pip step up]. Edit: Now 8 pip step.
Once past the 61.8% Fib. I'll set the Stop at BE and catch some zzzzzzzzzz's [11pm over here]
Cheers,
U2
Alright sounds good man. We hit 1.3055 and RSI failed to confirm like I said. I suspect we'll go test the previous fourth wave low at 13035 before we see higher PA. Good luck man!
  • #36,747
  • Mar 5, 2013 11:24pm Mar 5, 2013 11:24pm
^ not sure if your view has changed as the pa broke the 3055 level
  • #36,748
  • Mar 6, 2013 12:22am Mar 6, 2013 12:22am
Quoting Af Capt
Alright sounds good man. We hit 1.3055 and RSI failed to confirm like I said. I suspect we'll go test the previous fourth wave low at 13035 before we see higher PA. Good luck man!
Out 1.3065 +22
Cheers,
U2
Wait, or you will be slaughtered!
  • #36,749
  • Mar 6, 2013 12:25am Mar 6, 2013 12:25am

Quoting Uturn2


Out 1.3065 +22
Cheers,
U2
  • #36,750
  • Mar 6, 2013 12:30am Mar 6, 2013 12:30am
1H getting prepared for breaking 3070

can UK bring it down?
for sure
watching
  • #36,751
  • Mar 6, 2013 12:32am Mar 6, 2013 12:32am
still valid

Quoting stevewalker
critical levels
up/down
in Aqua circles
  • #36,752
  • Mar 6, 2013 12:33am Mar 6, 2013 12:33am
1H
Attached Image (click to enlarge)
Click to Enlarge Name: _60.gif Size: 60 KB
  • #36,753
  • Mar 6, 2013 12:36am Mar 6, 2013 12:36am
daily ranges
monday 48
tuesday 65
actual 28
today we may have ~100 pip range
  • #36,754
  • Mar 6, 2013 12:37am Mar 6, 2013 12:37am
W1 PV @ 3100

POSS ( for me )
todays
High 3123
Low 3030
  • #36,755
  • Mar 6, 2013 12:37am Mar 6, 2013 12:37am
i got really dizzy watching ur chart
  • #36,756
  • Mar 6, 2013 12:42am Mar 6, 2013 12:42am
put me your ignore list

Quoting pipa
i got really dizzy watching ur chart
  • #36,757
  • Mar 6, 2013 12:43am Mar 6, 2013 12:43am
????? i didnt get it
  • #36,758
  • Mar 6, 2013 12:43am Mar 6, 2013 12:43am
according to 1H CT formation
this monkey can also roll down to 3030 level in one bar
  • #36,759
  • Mar 6, 2013 12:45am Mar 6, 2013 12:45am
if you get dizzy when lokin my charts
add me your ignore list
then my posts will be hidden for you

Quoting pipa
????? i didnt get it
  • #36,760
  • Mar 6, 2013 12:46am Mar 6, 2013 12:46am
a POSS SH setup forming @ R4 CT
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