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Trading EURUSD only

  • #40,201
  • Mar 27, 2013 1:05am Mar 27, 2013 1:05am
2847
Quoting TraderPablo
2@ 40 ...1.tg 47 should be hit as we speak
  • #40,202
  • Mar 27, 2013 1:10am Mar 27, 2013 1:10am
I'm LG and my TG is 1.31 too, reason being if you look at the 4H chart, every down move has been followed by a short up move and then a retest of that lows which leads to a further up move.

So last week's up move was the first reaction off this level and now we are back at the same lows, we should see a second higher reaction soon, and this COULD change the trend because april is around the corner.
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  • #40,203
  • Mar 27, 2013 1:11am Mar 27, 2013 1:11am
You know quite frankly one scenario may be that Russian Gvmt. is in "Bed" with the Germans...(what a Couple) the both want to bust the tax free money flow into this island banks....and they succeeded...politics.....crooks and liars
  • #40,204
  • Mar 27, 2013 1:13am Mar 27, 2013 1:13am
possible.
very possible.

Quoting TraderPablo
You know quite frankly one scenario may be that Russian Gvmt. is in "Bed" with the Germans...(what a Couple) the both want to bust the tax free money flow into this island banks....and they succeeded...politics.....crooks and liars
  • #40,205
  • Mar 27, 2013 1:16am Mar 27, 2013 1:16am
ok
no offense
it may go 3100. you believe that & you have reasons for that.
thats ok.

Quoting shellsnail
I'm LG and my TG is 1.31 too, reason being if you look at the 4H chart, every down move has been followed by a short up move and then a retest of that lows which leads to a further up move.

So last week's up move was the first reaction off this level and now we are back at the same lows, we should see a second higher reaction soon, and this COULD change the trend because april is around the corner.
  • #40,206
  • Mar 27, 2013 1:21am Mar 27, 2013 1:21am
Quoting luckyl
good evening guys,

just placed a pending long @ 2847 , SL @ 2827 for the night hours.

I can hardly believe that another move down (especially a healthy one) is going to happen without some more retracement.
Normally I would at least expect 38.2 level, ie 2923. But until I´m back @ my PC in the morning, I will have TP set slightly below 23.6 ie 2890.
... got opened 2,5 hours ago, +7 atm.
Good way to wake up
  • #40,207
  • Mar 27, 2013 1:21am Mar 27, 2013 1:21am
Quoting luckyl
... got opened 2,5 hours ago, +7 atm.
Good way to wake up
hahaha, you woke up just after it spiked up. what timing .
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  • #40,208
  • Mar 27, 2013 1:25am Mar 27, 2013 1:25am
Quoting shellsnail
I'm LG and my TG is 1.31 too, reason being if you look at the 4H chart, every down move has been followed by a short up move and then a retest of that lows which leads to a further up move.

So last week's up move was the first reaction off this level and now we are back at the same lows, we should see a second higher reaction soon, and this COULD change the trend because april is around the corner.
well im lg as well...for the time being...could change,,but i would not scream in front of the shop to open an unlocked door...like usman did i like to see his entries and trades....shouting does not count..and I have the feeling he will not do that too much on this forum...

and yes you have a reason for it like, Steve mentined above..and everybody on this forum respects that ..and it made me look at the 4h chart....
  • #40,209
  • Mar 27, 2013 1:27am Mar 27, 2013 1:27am
Quoting TraderPablo
well im lg as well...for the time being...could change,,but i would not scream in front of the shop to open an unlocked door...like usman did i like to see his entries and trades....shouting does not count..and I have the feeling he will not do that too much on this forum...

and yes you have a reason for it like, Steve mentined above..and everybody on this forum respects that ..and it made me look at the 4h chart....
sorry ..., mentioned
  • #40,210
  • Mar 27, 2013 1:28am Mar 27, 2013 1:28am
I looked @ 4H chart too after shellsnail post
yes
thats what we want to make here

Quoting TraderPablo
well im lg as well...for the time being...could change,,but i would not scream in front of the shop to open an unlocked door...like usman did i like to see his entries and trades....shouting does not count..and I have the feeling he will not do that too much on this forum...

and yes you have a reason for it like, Steve mentined above..and everybody on this forum respects that ..and it made me look at the 4h chart....
  • #40,211
  • Mar 27, 2013 1:29am Mar 27, 2013 1:29am
Quoting TraderPablo
well im lg as well...for the time being...could change,,but i would not scream in front of the shop to open an unlocked door...like usman did i like to see his entries and trades....shouting does not count..and I have the feeling he will not do that too much on this forum...

and yes you have a reason for it like, Steve mentined above..and everybody on this forum respects that ..and it made me look at the 4h chart....
BTW. Would U share at what price you entered long(s)
  • #40,212
  • Mar 27, 2013 1:29am Mar 27, 2013 1:29am
Quoting TraderPablo
sorry ..., mentioned
Thanks for the acknowledgment.

Anyway I track this thing called EURLFX which is basically the euro index, the 4H chart is showing me a familiar pattern of 4H counter-trend reversal...

USDLFX (is on a downtrend on the 4H chart) is the 20EMA on the 4H chart currently and forming a rejection bar as we speak, whether or not it follows through down is hard to say...

but both of these forces put together could create new highs for EURUSD.

I am LG at 1.2860, a 4H close below 1.2829 will make me cover.

any down move we get may not be from EUR weakness but rather USD strength.. (which means EURJPY could be a better LG trade.)
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  • #40,213
  • Mar 27, 2013 1:39am Mar 27, 2013 1:39am
Quoting stevewalker
2847
yes 2840 sold 1 at 2847 stop at 2836
  • #40,214
  • Mar 27, 2013 1:41am Mar 27, 2013 1:41am
guys
longs can be wright

4H CT

it is sitting on reject line @ 2837 diagonal
arrow indicated diagonal white line

it may reject from here

2837 is the key level
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 130 KB
  • #40,215
  • Mar 27, 2013 1:42am Mar 27, 2013 1:42am
second

we have same bar fractal @ 4H CT

means we will have a big move soon

Quoting stevewalker
guys
longs can be wright

4H CT

it is sitting on reject line @ 2837 diagonal
arrow indicated diagonal white line

it may reject from here

2837 is the key level
  • #40,216
  • Mar 27, 2013 1:47am Mar 27, 2013 1:47am
on the other hand
if my target is 3100 ( not a scalp trade )
then I would wait for Aqua climb over yellow
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 132 KB
  • #40,217
  • Mar 27, 2013 1:48am Mar 27, 2013 1:48am
Quoting stevewalker
second

we have same bar fractal @ 4H CT

means we will have a big move soon
Now for the toughest part of trading - sitting and waiting for the profits.
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  • #40,218
  • Mar 27, 2013 1:49am Mar 27, 2013 1:49am
I like your trust

Quoting shellsnail
Now for the toughest part of trading - sitting and waiting for the profits.
  • #40,219
  • Mar 27, 2013 1:50am Mar 27, 2013 1:50am
I will die before this S*** starts movin
  • #40,220
  • Mar 27, 2013 1:51am Mar 27, 2013 1:51am
Quoting stevewalker
I like your trust
I learnt it the hard way why I doubted my system and judgement... For example, I closed last week's EUR/USD long early and watch it shoot up 50 pips to my target...
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