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Trading EURUSD only

  • #40,201
  • Mar 26, 2013 11:05pm Mar 26, 2013 11:05pm
2847
Quoting TraderPablo
2@ 40 ...1.tg 47 should be hit as we speak
  • #40,202
  • Mar 26, 2013 11:10pm Mar 26, 2013 11:10pm
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 26, 2013 11:11pm Mar 26, 2013 11:11pm
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 26, 2013 11:13pm Mar 26, 2013 11:13pm
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 26, 2013 11:16pm Mar 26, 2013 11:16pm
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 26, 2013 11:21pm Mar 26, 2013 11:21pm
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 26, 2013 11:21pm Mar 26, 2013 11:21pm
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 26, 2013 11:25pm Mar 26, 2013 11:25pm
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 26, 2013 11:27pm Mar 26, 2013 11:27pm
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 26, 2013 11:28pm Mar 26, 2013 11:28pm
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 26, 2013 11:29pm Mar 26, 2013 11:29pm
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 26, 2013 11:29pm Mar 26, 2013 11:29pm
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 26, 2013 11:39pm Mar 26, 2013 11:39pm
Quoting stevewalker
2847
yes 2840 sold 1 at 2847 stop at 2836
  • #40,214
  • Mar 26, 2013 11:41pm Mar 26, 2013 11:41pm
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 26, 2013 11:42pm Mar 26, 2013 11:42pm
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 26, 2013 11:47pm Mar 26, 2013 11:47pm
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 26, 2013 11:48pm Mar 26, 2013 11:48pm
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 26, 2013 11:49pm Mar 26, 2013 11:49pm
I like your trust

Quoting shellsnail
Now for the toughest part of trading - sitting and waiting for the profits.
  • #40,219
  • Mar 26, 2013 11:50pm Mar 26, 2013 11:50pm
I will die before this S*** starts movin
  • #40,220
  • Mar 26, 2013 11:51pm Mar 26, 2013 11:51pm
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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