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EURUSD

  • #869,561
  • Jan 13, 2014 6:14am Jan 13, 2014 6:14am
Hello Guys,

I was looking at the 1 hour chart of the EURUSD, and found that the pair is forming a flag, which looks like a bullish flag to me.
I may be wrong, but look at the chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 64 KB


I think if the pair manages to break this pattern to the upside, then the next resistance at around the 1.3720/30 can be the next target.
What are your views guys?

I am still a newbie, and shared what I saw in my charts
  • #869,562
  • Jan 13, 2014 6:20am Jan 13, 2014 6:20am
Quoting ajpipsmaker
Hello Guys, I was looking at the 1 hour chart of the EURUSD, and found that the pair is forming a flag, which looks like a bullish flag to me. I may be wrong, but look at the chart below. {image} I think if the pair manages to break this pattern to the upside, then the next resistance at around the 1.3720/30 can be the next target. What are your views guys? I am still a newbie, and shared what I saw in my charts
hi aj
I just scalp most of the time so I trade what I see
looking like the bulls are in control for now
a break into to 70,s will come
Trade What You See Not What You Want To See
  • #869,563
  • Jan 13, 2014 6:24am Jan 13, 2014 6:24am
lunch time for me back later
Trade What You See Not What You Want To See
  • #869,564
  • Jan 13, 2014 6:25am Jan 13, 2014 6:25am
Quoting disegnosys
{quote} Really, please tell me more and why you say that?
I don't know about you but I tend to keep away from buying from infomercials... Besides, as a trader supply/demand is bull shit, just as classic PA is..
  • #869,565
  • Jan 13, 2014 6:31am Jan 13, 2014 6:31am
Quoting attila
{quote} I don't know about you but I tend to keep away from buying from infomercials... Besides, as a trader supply/demand is bull shit, just as classic PA is..
I agree on the commercial stuff, wouldn't buy anything.

Same for the supply/demand as it's a dynamic thing, it keeps moving

but trading PA is looking good, i mean you have to find a way to trade this market!
COT: The precious data ignored
  • #869,566
  • Jan 13, 2014 6:41am Jan 13, 2014 6:41am
Quoting kuroro001
{quote} I agree on the commercial stuff, wouldn't buy anything. Same for the supply/demand as it's a dynamic thing, it keeps moving but trading PA is looking good, i mean you have to find a way to trade this market!


Attila, didn't expect you to say trading PA is useless? Or would that be a certain type of PA?

Seidens' S/D has helped me under stand S/R better and he has almost the same way of finding zones as Cloggie used to have I think...
@pawpaw1000 on Twitter
  • #869,567
  • Jan 13, 2014 6:53am Jan 13, 2014 6:53am
Well, I see a sell opportunity at 1.3720 to 30 (if it gets there within days).

Quoting pipsallday
{quote} hi aj I just scalp most of the time so I trade what I see looking like the bulls are in control for now a break into to 70,s will come
  • #869,568
  • Jan 13, 2014 6:57am Jan 13, 2014 6:57am
Closed remaining at 6433 here... Off until NY Open.

Good trading ;-)
@pawpaw1000 on Twitter
  • #869,569
  • Jan 13, 2014 6:58am Jan 13, 2014 6:58am
Quoting pawpaw1000
Closed remaining at 6433 here... Off until NY Open. Good trading ;-)

Wrong forum, sorry!
@pawpaw1000 on Twitter
  • #869,570
  • Jan 13, 2014 7:04am Jan 13, 2014 7:04am
Attached Image (click to enlarge)
Click to Enlarge Name: EUR 15m.png Size: 77 KB

EUR USD on 15m , bearish slowly but steadily , note the CCI below. any opinions ?
  • #869,571
  • Jan 13, 2014 7:13am Jan 13, 2014 7:13am
So the consistency is to sell?
it's been awhile since ive traded anything.

Got a free $100.00 to trade. Wanna make it count..lol
  • #869,572
  • Jan 13, 2014 7:14am Jan 13, 2014 7:14am
Quoting kuroro001
{quote} I agree on the commercial stuff, wouldn't buy anything. Same for the supply/demand as it's a dynamic thing, it keeps moving but trading PA is looking good, i mean you have to find a way to trade this market!
I was thinking more candles stuff kuroro..
  • #869,573
  • Jan 13, 2014 7:19am Jan 13, 2014 7:19am
Quoting DNTme
{quote} well, its scalping time...hoping for 15-20 pips {image}
loss 20 pips
fokyou forexfactory
  • #869,574
  • Jan 13, 2014 7:20am Jan 13, 2014 7:20am
Quoting pawpaw1000
{quote} Attila, didn't expect you to say trading PA is useless? Or would that be a certain type of PA? Seidens' S/D has helped me under stand S/R better and he has almost the same way of finding zones as Cloggie used to have I think...
There is no set rule in trading PA... Of course we trade charts. .there's nothing else we can go by.. I am referring more to the general approach you can read in books and stuff.. zones are important of course.. to me they only mean something MAY happen there.. just look how many times a zone or a level fails, and once it failed the price turns right around, or the price turns before the level.. You know what I mean? Nobody (as far as I know) talks about the context.. The context is far more important than the level imo, and unfortunately each trader has to figure it out by themselves.. I don't blame the books writers in totality because I know it's very hard to describe this aspect of trading.
  • #869,575
  • Jan 13, 2014 7:21am Jan 13, 2014 7:21am
Quoting tomspin
{quote} 3675 was a nice 10 pips risk trade down to 3641 ...
It's a good buy point, daily pivot + monthly mid support I am long with stop at 13638
swing it!
  • #869,576
  • Jan 13, 2014 7:22am Jan 13, 2014 7:22am
long again @ 3642
fokyou forexfactory
  • #869,577
  • Jan 13, 2014 7:26am Jan 13, 2014 7:26am
Quoting tomspin
{quote} It's a good buy point, daily pivot + monthly mid support I am long with stop at 13638
3600 might be better.
  • #869,578
  • Jan 13, 2014 7:29am Jan 13, 2014 7:29am
Quoting attila
{quote} 3600 might be better.
Of course, round numbers are best but this was a 3/5 pips risk trade, I think it is worth it.
swing it!
  • #869,579
  • Jan 13, 2014 7:29am Jan 13, 2014 7:29am
Quoting Davit
{quote} Thanks Max for complement.I paid dearly like everyone else for mistakes.Not over-trading anymore.Leverage low.Goal is 5% plus a month.Modest doable goal. Problem is lot of people want to make 30-50% a month and greed gets to them.They read BS threads and get sucked in.Best to avoid reading garbage.Irony is most of this thread starters never show live account statements hence no credibility.As the saying goes "talk is cheap" 5-7% over 5 yrs compounded is respectful earnings. USE this calculaor...
Thanks for info. Note: calculator doesn't include tax bite.
  • #869,580
  • Jan 13, 2014 7:30am Jan 13, 2014 7:30am
Long at 3642.

Target: 3720.
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