It's the simple things in life that have the most powerful meaning.
- #3,882
- Aug 5, 2013 12:17am Aug 5, 2013 12:17am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #3,884
- Aug 5, 2013 2:14pm Aug 5, 2013 2:14pm
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
still waiting the best price to buy... {image}
Support is at 1.0355, I'm buying again at 1.0355 where most of the orders are and then take some profit at 1.0400 and 1.0440, but i'm still holding my original entry at 1.02691 to 1.0600, but I'm watching to see if I should close it at 1.0500
{quote} @new_member: Support is at 1.0355, I'm buying again at 1.0355 where most of the orders are and then take some profit at 1.0400 and 1.0440, but i'm still holding my original entry at 1.02691 to 1.0600, but I'm watching to see if I should close it at 1.0500
- #3,889
- Aug 6, 2013 10:48am Aug 6, 2013 10:48am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #3,890
- Aug 6, 2013 1:16pm Aug 6, 2013 1:16pm
- Joined Jul 2011 | Status: Gold Again | 10,565 Posts
Looking to buy but still haven't seen a reversal to the upside yet.. would be nice to turn around @ 1.0350
On mine I see that price:
1 - Has been above 200 MA for a long time
2 - Just crossed up over the 20 MA
3 - Last swing low was at 38%, 50% & 78% of previous swing low to high
4 - There are a series of Higher Lows and Higher Highs
5 - There has been a trend line break upwards
6 - A case can be made for Triangle - could go either way
How will you recognize the turn around at 1.0350? What indicator or chart pattern will you look for?
Thanks
It takes a lot for me to IGNORE you, but you can try.
- #3,892
- Aug 6, 2013 4:54pm Aug 6, 2013 4:54pm
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
Path of Dollar Canada with Cable setting sight on 1.56..
- #3,893
- Aug 6, 2013 4:58pm Aug 6, 2013 4:58pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #3,894
- Aug 6, 2013 10:43pm Aug 6, 2013 10:43pm
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
{quote} Hi fellow trader You got me interested.Could you elaborate more please.
EURCAD correction from the 1.3800 supply zone stalling USDCAD infront of 1.0430..
GBPUSD & EURUSD moving up in tandem towards 1.5450 & 1.3400 while EURGBP traverse side to up for another go at the .8750 zone..
USDCAD break below the rising wedge (& SHS neckline) re-targeting the 1.0200~1.0180 zone with the above PA & in tune with the seasonal Dollar weak bias..
GBPUSD above 1.5450 & EURUSD above 1.34 could set off an accelerated move re-targeting 1.5650 & 1.3700 respectively & Dollar weakness across the board..
After snoozing for the past few years, looks like the Great Canadian Geese (Dollar Canada) is ready to fly or dive mega figures like the good old days..
- #3,895
- Aug 6, 2013 11:02pm Aug 6, 2013 11:02pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #3,896
- Aug 7, 2013 1:10am Aug 7, 2013 1:10am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
{quote} @new_member: Support is at 1.0355, I'm buying again at 1.0355 where most of the orders are and then take some profit at 1.0400 and 1.0440, but i'm still holding my original entry at 1.02691 to 1.0600, but I'm watching to see if I should close it at 1.0500
The buy I made at 1.0355, I have taken some of my profit at 1.04000 and am holding to take some more profits at 1.0440 and I am still holding my original entry from 1.02691 and monitoring to see where exactly to exit - tentatively - 1.0500 or 1.0600 - nothing is cast in stone as yet, meaning, I have not made a firm decision on the price level to exit - but please enjoy your profits if you took the trade as I had explained it.
Happy Trading
Gone Back To Bed.
{quote} @new_member: The buy I made at 1.0355, I have taken some of my profit at 1.04000 and am holding to take some more profits at 1.0440 and I am still holding my original entry from 1.02691 and monitoring to see where exactly to exit - tentatively - 1.0500 or 1.0600 - nothing is cast in stone as yet, meaning, I have not made a firm decision on the price level to exit - but please enjoy your profits if you took the trade as I had explained it. Happy Trading
Nice Trade!
{quote} @new_member: The buy I made at 1.0355, I have taken some of my profit at 1.04000 and am holding to take some more profits at 1.0440 and I am still holding my original entry from 1.02691 and monitoring to see where exactly to exit - tentatively - 1.0500 or 1.0600 - nothing is cast in stone as yet, meaning, I have not made a firm decision on the price level to exit - but please enjoy your profits if you took the trade as I had explained it. Happy Trading
Now if the EUR/USD plays out.... CHA CHING!!!
Again, thanks so much for your insights and contribution to FF. You have taught this guy more than you might realize.
I know you speak of going away for a time. I understand that. But know that what you have left in the way of sharing on FF is the epitome of what these forums are all about. Reading what the administrator of FF (Twee) says in his profile with regards the purpose of FF; to share knowledge and experience with all traders, well, you fit that description perfectly. Again, best to ya! Please keep in touch with us from time to time.
You get a Vouch from me hands down!
It's the simple things in life that have the most powerful meaning.
- #3,899
- Edited 6:32am Aug 7, 2013 6:13am | Edited 6:32am
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
{quote} @new_member: The buy I made at 1.0355, I have taken some of my profit at 1.04000 and am holding to take some more profits at 1.0440 and I am still holding my original entry from 1.02691 and monitoring to see where exactly to exit - tentatively - 1.0500 or 1.0600 - nothing is cast in stone as yet, meaning, I have not made a firm decision on the price level to exit - but please enjoy your profits if you took the trade as I had explained it. Happy Trading
I have just taken profit again at 1.0440. There are heavy sell orders mounted pre 1.0450 so I have taken the profit and am now waiting to re-enter lower if and when those sell orders get filled.
I will buy again between 1.0400 and 1.0380 and hold the trade to 1.0500 or 1.0600 as stated earlier, taking some profit again at 1.0450 but I will have to monitor the trade, orders, options and news feed to make a final decision.
I still will continue to hold my original entry from 1.02691 as well so if the trade should continue past 1.0450 and not return atleast I am still in the trade. This is why you never close the original entry so that you will always be in the trade as you take profit going along.
I hope these live explanations, not hindsight, but live explanations as to how I have been managing my trade helps you to understand how you reduce your exposure in the market by taking your profits at every resistance level. So if the trade ever goes against you, you are still in profit and not define it as a loss, but a reduction in profit, which can be seen as both one and in the same, but I think you understand what I'm trying to say.
- #3,900
- Edited 2:41pm Aug 7, 2013 6:25am | Edited 2:41pm
- Joined Oct 2008 | Status: CANCELLED MEMBERSHIP | 3,116 Posts
{quote} HDA... I am pulling off some nice profits for the second round on the USD/CAD. Stop loss moved up with a target of 1.06. If I get stopped out, no prob as I have profits all around on this pair. Now if the EUR/USD plays out.... CHA CHING!!! Again, thanks so much for your insights and contribution to FF. You have taught this guy more than you might realize.
You are most welcome sir and thank you for the VOUCH. Unfortunately, you wont be able to vouch until 4 persons have vouched for you. But I understand your sentiment. Thank you again.
As for the EUR/USD - i'm allowing the traders in that thread to analyze the market without my interference. Sometimes when teaching a man to fish, you have to allow him to see things on his own after you have laid the foundation.