EURUSD

Close 70% of the trade 3093 (+29.6) letting the rest run. Moved SL to break-even

-Edit- Spelling.

EJ I am currently trading this scenario....

still looking at the daily scenario that puts us in the target zone for a turn and then hourly that suggests we may have already had the top of the turn, but with room to hit 132.4x if we break high again.

My current view of EJ. Short term looking down but 5M and 1H currently close to trend line and could retrace. Long term still looking up. Waiting for London to open and settle before considering position. Rgds, Angus

Hi,

EUR/USD rangebound since yesterday.
I think it should go down now and again find support to come back up, then it may be able to penetrate 1.3100 and go higher if it must.

Regards,
dormin

Advice noted And yes wat concerns brokers, I couldn't agree more. Fom experiance I can say the broker part of there jop title is to make you broke.

ok, here´s my daily technical chart, though I no longer trade this way:

eurusd looking heavy, so far rejected at the daily 50%-"fib", downside break of channel opens downside to I don´t know....S1 at least I´d say.

do you have a view on where that support may be?

ding ding ding........opening bell

Above 1,3085, 1,3115+ is at risk for the moment....a failure to go back above 1,3120 won't be good for bulls.
I may short the failure for 1,3055

do that and get burnt
eu 1hr has enough consolidation to push for the much expected retracement .

pull back to 1.3022 today on the cards today, possible 1.3172 gets tested though... hard one to call but short at 1.3133 already

Will sell only if another move above 1,3115 now....PA gotta agree with it though.

just got stopped out -26, not a good start for today.

Going to be loading whole zone 306 - 303

As a newbe what do I do wrong ?

In my oppinion : M1, M5, M10, M15 and H1 and H2 don't supply you with a real trend. All it gives you is a highly volitile patterns of noise that reacts to every roumer and whim of the maket, without giving you any real direction of the market. And this is one of the biggest reasons new traders and like myself blow up accouns becouse we trade the extreem risk part of the market. The less risky option is to trade the direction of the trend after it has occured and do it with a longer timeframe tp than with minute to minute trading.

The other thing is you need a method for Identifying the trends. What works best for me is when I use the Daily bar charts with my method. And I would say one must stop trading if you dont have a method and set plan for how you want to trade when your method alows you to trade howmuch your aming to take from the trade and howmuch your method alows you to lose without comprimizing your account.

Once you have all of this you don't need to be stressed out when the market turns. But this has a condition that you should honor your setup rules, entry and exit points. Wich MUST be predetermaned befor entering the trade, the biggest mistake I made alot, is entering a trade and the market turns and I panic and jump out of the trade on the worst possable time. All becouse i didn't know what was a reasonable loss and where should I take the profit on each trade insted of trying to be greedy and milk every pip. I had trades where I had $180 profit on a trade and eventualy took a loss of -$90 fear of taking profit and losing profit was the result and my account deteriated with every trade I jumped out.

Its best to invest alot of time into a metod that you feel comfortable with, and learn it master it then perfect it then trade it and stick to it. Only then will truly succesfull trades start becoming reality.

Just a post from a newbe and the problems I faced. i lost 3 accounts becous of this, $1000, $1800 and $500 not much bu in SA its worth 4 months of a middel class persons saliry. So i learnd the hard way, Im still a newbe but changing thise things improved my trading 10fold.

I be wrong om some points nd the guys that have more experiance could maybe say something differant but each to his own, hope it helps the new guys out some wat.

I expect to see 129.16 in case ej breaks the 129.91 support

Bearish 04 Hr Candles on EU. Short is the call I guess.

Possibly.

I'll buy the zone. I'll stop shorting for now. I may miss a good move but that's life

break it

At the moment bears got the upper hand in the fight, lets see what a 12 roud mach does.