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Trading EURUSD only

  • #37,981
  • Mar 13, 2013 9:13am Mar 13, 2013 9:13am
Thanks for the reply...

I play the short-time frame (1 minute and 5 minute charts,TP at 10 pips )

Strategy has been quite successful for past few days...not today........

Why is today so one-directional????

Quoting Lucrativ
Welcome to the thread. buying dips can be risky especially if you don't have a plan along with it: like what is your TP on the buying the dip into the retracement. Moreover, retracment are just that: a break after a move, so expect the move to resume.
  • #37,982
  • Mar 13, 2013 9:14am Mar 13, 2013 9:14am
Quoting mrhb30jr
nice +70...
Euro D1 .... 1.28xx

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: euro d1.gif Size: 28 KB
  • #37,983
  • Mar 13, 2013 9:22am Mar 13, 2013 9:22am
looks one way now. watch tomorrow engulf it ?? just SM clearing out stops and that's how money is made or lost.
Quoting Wqr13
Thanks for the reply...

I play the short-time frame (1 minute and 5 minute charts,TP at 10 pips )

Strategy has been quite successful for past few days...not today........

Why is today so one-directional????
  • #37,984
  • Mar 13, 2013 9:32am Mar 13, 2013 9:32am
Thanks!Looks like a lot to learn!:nerd:

Quoting Pacmanpip
looks one way now. watch tomorrow engulf it ?? just SM clearing out stops and that's how money is made or lost.
  • #37,985
  • Mar 13, 2013 9:39am Mar 13, 2013 9:39am
those are very fast time frames my Singaporean friend, and today it my seem one directional, but it hasn't been for the past couple days. What you are seeing today is sellers finally taking out the lows... one way to learn from this one direction: trade in the direction its going...
Quoting Wqr13
Thanks for the reply...

I play the short-time frame (1 minute and 5 minute charts,TP at 10 pips )

Strategy has been quite successful for past few days...not today........

Why is today so one-directional????
  • #37,986
  • Mar 13, 2013 9:40am Mar 13, 2013 9:40am
Ahhhhhhh it is so nice to wake up to +100 pips. What a great way to start the day.
  • #37,987
  • Mar 13, 2013 9:43am Mar 13, 2013 9:43am
Looks like we still have two more waves down too.
  • #37,988
  • Mar 13, 2013 9:48am Mar 13, 2013 9:48am
hello gents,
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.PNG Size: 62 KB
just do it
  • #37,989
  • Mar 13, 2013 9:49am Mar 13, 2013 9:49am
Quoting MeInGraySuit
Looks like we still have two more waves down too.
why?
  • #37,990
  • Mar 13, 2013 9:49am Mar 13, 2013 9:49am
where did you sell from?
Quoting MeInGraySuit
Ahhhhhhh it is so nice to wake up to +100 pips. What a great way to start the day.
  • #37,991
  • Mar 13, 2013 9:50am Mar 13, 2013 9:50am
Thodie, how it goes man?
Quoting thodie
hello gents,
  • #37,992
  • Mar 13, 2013 9:50am Mar 13, 2013 9:50am
Quoting thodie
hello gents,
Whatsup Thodie? Certainly not the EU!!
  • #37,993
  • Mar 13, 2013 9:51am Mar 13, 2013 9:51am
Quoting Lucrativ
where did you sell from?
.3052
  • #37,994
  • Mar 13, 2013 9:52am Mar 13, 2013 9:52am
Haha, I am out cold to trade anymore
All the best for all your trades today then.
Gotta retire and sleep soon...

Quoting Lucrativ
those are very fast time frames my Singaporean friend, and today it my seem one directional, but it hasn't been for the past couple days. What you are seeing today is sellers finally taking out the lows... one way to learn from this one direction: trade in the direction its going...
  • #37,995
  • Mar 13, 2013 9:54am Mar 13, 2013 9:54am
Quoting Lucrativ
where did you sell from?
How about you?
  • #37,996
  • Mar 13, 2013 9:55am Mar 13, 2013 9:55am
hi lucrativ, hi migs,

busy busy

1.2920 is the position of my descending TL back to 2011 (drawn in weekly so +- a few pips)
just a guess downmove may be over for today! Time for a retracement.

pippin trading
just do it
  • #37,997
  • Mar 13, 2013 9:57am Mar 13, 2013 9:57am
Quoting MeInGraySuit
Ahhhhhhh it is so nice to wake up to +100 pips. What a great way to start the day.
Wait, or you will be slaughtered!
  • #37,998
  • Mar 13, 2013 9:57am Mar 13, 2013 9:57am
not nearly as high as you, although should have seen that engulfing candle on my 1H... i sold from 3007, still got a runner left in the game too,
Quoting MeInGraySuit
How about you?
  • #37,999
  • Mar 13, 2013 9:59am Mar 13, 2013 9:59am
sleep well man... but remember : 'money never sleeps'
Quoting Wqr13
Haha, I am out cold to trade anymore
All the best for all your trades today then.
Gotta retire and sleep soon...
  • #38,000
  • Mar 13, 2013 10:01am Mar 13, 2013 10:01am
Quoting Lucrativ
not nearly as high as you, although should have seen that engulfing candle on my 1H... i sold from 3007, still got a runner left in the game too,
Awesome, yes I have taken some off the table but I still think wave 3 should push to at least .28957 (100%) of wave 1...if it pushes passed that .27857 (161.8% of wave 1) will be my next target. Don't think we will go that low on wave 3 so .28957!
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