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  • #770,801
  • Mar 13, 2013 5:06am Mar 13, 2013 5:06am
Quoting tankokjian
is good not to set any direction biased . because when it goes against you u are lost.
To quote Bruce Lee:"Be like water..." (as in: be flexible and adapt to changing situations)
  • #770,802
  • Mar 13, 2013 5:07am Mar 13, 2013 5:07am
am actually thinking to short this one... not here. 3033, or 3042.
  • #770,803
  • Mar 13, 2013 5:07am Mar 13, 2013 5:07am
Quoting doggette
Let's try that again, long 30169 sl 29875
Be careful - you are trading against the daily trend.
  • #770,804
  • Mar 13, 2013 5:08am Mar 13, 2013 5:08am
My current medium term trading plan for this pair, although I am currently short from 1.2995 but with no real conviction.

On the weekly chart, price has hit the LTL of the rising trend channel and has failed to penetrate the weekly support level and showed little sign of a bounce as yet.


This is roughly the same levels it was at during the same time period in 2012, when it finally broke a falling triangle formation in early May and went down to the 1.2041 low in July of that year.


On the daily chart, we had a strong bull candle on Thursday of last week and I thought it might break upwards, but bears reacted strongly next day after nfp.


It is now in the doldrums, shows little sign of direction and I am looking for decisive break below support at 1.2950 for shorts, or above 1.3100 for longs.

Green pips to all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Weekly 20130313.jpg Size: 69 KB
Click to Enlarge Name: EU Daily 20130313.jpg Size: 66 KB
  • #770,805
  • Mar 13, 2013 5:09am Mar 13, 2013 5:09am
Quoting math_GB
Aaahhh...! You didn't need to show dude, already difficult enough to focus Now I have to check on doggette's profile whether there are any new pics
That was doggety in the pic but please tell no one.
  • #770,806
  • Mar 13, 2013 5:09am Mar 13, 2013 5:09am
That Commerce Bank announcement helped the Euro
Learning - pip by pip
  • #770,807
  • Mar 13, 2013 5:10am Mar 13, 2013 5:10am
Quoting Vectamart
Be careful - you are trading against the daily trend.
Trends are made to be broken... I told you I am on a carbs diet, you will have to tolerate my stupid posts for the next two weeks...
  • #770,808
  • Mar 13, 2013 5:11am Mar 13, 2013 5:11am
Quoting Ken A
That was doggety in the pic but please tell no one.
  • #770,809
  • Mar 13, 2013 5:11am Mar 13, 2013 5:11am
Quoting John Gray
61.8 fib held, broke the rest.

now looking at 38.2 holding for targeting 1.300
If we break that 1.300 level (which I think we will) - on todays and tomorrows us data. It will be like that Flo Rida song - Shawty gonna get low low low low low low...

For reference:
Inserted Video
(and look at the all important 4H chart!)

Ill ride the short if/when it breaks.

(Entered my short 13055 SL20, TP ... TBA - might carry it over to Thursday..)
Don't over egg the cake.
  • #770,810
  • Mar 13, 2013 5:12am Mar 13, 2013 5:12am
Quoting Ken A
That was doggety in the pic but please tell no one.
Haha, yes that's my bum. You got me
  • #770,811
  • Mar 13, 2013 5:12am Mar 13, 2013 5:12am
took a short at 25.3 for a few pips
Trade What You See Not What You Want To See
  • #770,812
  • Mar 13, 2013 5:12am Mar 13, 2013 5:12am
Quoting LeeNoa
ive got my reason...ej patern more sensitive than eu (on my view)..im stiill testing this methods on ej(demo account)...still making adjustment entry rule for ej...
Well yeah, the moves are generally stronger in pips terms...but I still think you shouldn't just arbitrarily set a stop loss. Base it on something (technical/fundamental/whatever). The more you automate this the less likely "personal feelings" come into play...therefore decreasing the amount of stress you have. Of course you should back (and forward) test whatever stop loss method you use on a DEMO ACCOUNT first before using it on a live account. Would be foolish to test stuff while risking real money.

I tend to back test strategies for at least 2k candles and then also forward test it for a couple of weeks...or at least enough time to test it under various market conditions (trending vs ranging). Since I started doing that losses hardly ever bother me.
  • #770,813
  • Mar 13, 2013 5:14am Mar 13, 2013 5:14am
Quoting Vectamart
Be careful - you are trading against the daily trend.
Yeah, the sideways trend... I appreciate the warning however I only risk between 0.5 and up to 1% of my account.
  • #770,814
  • Mar 13, 2013 5:15am Mar 13, 2013 5:15am
been away for a while..had to work work work....but shorting it today..holding shorts from 3050, 3025, and 3000 --- and can't believe that it's not going down...seem's like we'll have to wait USD news to see a somewhat more decisive movement
  • #770,815
  • Mar 13, 2013 5:15am Mar 13, 2013 5:15am
Quoting math_GB
Trends are made to be broken... I told you I am on a carbs diet, you will have to tolerate my stupid posts for the next two weeks...
Sure - but it ain't broken just yet.
  • #770,816
  • Mar 13, 2013 5:18am Mar 13, 2013 5:18am
Quoting pipsallday
took a short at 25.3 for a few pips
TP 21.3 + 4 pips
Trade What You See Not What You Want To See
  • #770,817
  • Mar 13, 2013 5:20am Mar 13, 2013 5:20am
Quoting 4exNinja
Well yeah, the moves are generally stronger in pips terms...but I still think you shouldn't just arbitrarily set a stop loss. Base it on something (technical/fundamental/whatever). The more you automate this the less likely "personal feelings" come into play...therefore decreasing the amount of stress you have. Of course you should back (and forward) test whatever stop loss method you use on a DEMO ACCOUNT first before using it on a live account. Would be foolish to test stuff while risking real money.

I tend to back test strategies for at...
Wondering how you are going to back test future wife/wives.
  • #770,818
  • Mar 13, 2013 5:22am Mar 13, 2013 5:22am
Morning Everybody...

This is my PLAN form this morning
I want to see things moving on chart...
NEWS for Euro are bad, but technically we should see a nice bounce on the charts.
We haven't done it for nearly ten days, every bounce is quickly killed by bears, there I assume we should go lower and find better price correcting.

I am really tired trading this month, so I might be damn wrong
What you think guys?
Attached Image (click to enlarge)
Click to Enlarge Name: eurousd.gif Size: 28 KB
Read Charts - Not Papers
  • #770,819
  • Mar 13, 2013 5:23am Mar 13, 2013 5:23am
Quoting Derextreme
Looks like UJ might take a toe down which will led EJ down too. Any positions that you are on now?

no.

because i look long term charts (monthly and weekly) i should watch trigger charts confirmations to push order (daily-4h-1h charts).

when i place order without confirmaton to tighten to SL level, i lose money.

my plan e-u go north from 2887(maybe not touch 1.2887) to 1.4000 because of this u-j go south 96.70 to 87.00 level and so e-j 127,70 to 111.00 level.

this plan was created from long term charts. i can be misleading. but it is worth to follow actions.
  • #770,820
  • Mar 13, 2013 5:24am Mar 13, 2013 5:24am
long 14.2
TP 18 + 3.8 pips
Trade What You See Not What You Want To See
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