{quote} first told cha... target will be at 0.933x
- #72,503
- May 28, 2014 10:22pm May 28, 2014 10:22pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EURUSD.. waiting Classic Entry forming.. Since 1.36 violated, will wait the PA hit 1 more time at above 1.3600 to confirm bullish for Classic Entry. The scene just similar to AU,NU,EU because USD is weakening. and LO might not appear to big move because EUR in holiday. real move should be around NY Open. today market shall move as they should be.. {image}
Yes, I think your right about pullback around LO for the classic if it happens. It looked like maybe a H1 retrace but for now EU looks strong; broke round number, 200 sma and pivot.
Regards,
Cigarguy
Keep It Simple
- #72,504
- Edited 10:43pm May 28, 2014 10:28pm | Edited 10:43pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,505
- Edited 10:58pm May 28, 2014 10:42pm | Edited 10:58pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EURUSD: The retrace might make it to the quarter LEVEL, and it might not. The 1.3620 area is SR and could stop the retrace. It is also the 38% FR retrace of the last bear swing. {image}
Yes, was looking at that as well. I guess have to wait until LO and see what the MM's have in mind. ( But I won't be around so many pips to all and save some pips for tomorrow. Don't hurt the MM's too bad!
) And another scenario on the H4, if there bulls? TAH, what do you think?
Regards,
Cigarguy
Keep It Simple
- #72,506
- May 28, 2014 10:53pm May 28, 2014 10:53pm
EURUSD: The retrace might make it to the quarter LEVEL, and it might not. The 1.3620 area is SR and could stop the retrace. It is also the 38% FR retrace of the last bear swing. This pair is extremely bearish (look at DAY, H4 and H1), so it makes more sense (i.e. less risk) to wait out this bull retrace and look for the next Classic short setup. Of course, we cannot know how the price will move next, and with the MMs trying to let this fall slowly, a strong bull retrace is possible. {image}
{quote} TAH, Yes, was looking at that as well. I guess have to wait until LO and see what the MM's have in mind. ( But I won't be around so many pips to all and save some pips for tomorrow. Don't hurt the MM's too bad!
t.me/LWBRfx Discord.io/LWBR
- #72,507
- May 28, 2014 11:04pm May 28, 2014 11:04pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} TAH, Yes, was looking at that as well. I guess have to wait until LO and see what the MM's have in mind. ( But I won't be around so many pips to all and save some pips for tomorrow. Don't hurt the MM's too bad!
The 1.3700 upper whole number is in the midst of the area you designate. Whole numbers are always likely targets, but this one is almost two Day ranges up. Still, it is possible, especially if the MMs have it in mind to do a quick and dramatic retrace to - pump it up - give the waddling Prima-Dona another injection and put her back on stage again.
So, let's see if we get a Classic short or a Classic long setup later.
- #72,508
- Edited 11:24pm May 28, 2014 11:08pm | Edited 11:24pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} {quote} I see strength on EU, may lookup for bull this time. going against you this time prof.tah and Mr.cigarguy
The only problem I have with your bullish scenario is this weakness long term. Dragon and EMA headed down, break of 200 sma (MM's like to play this MA for S/R) and trend line break. Yes of course there are a lot of moves intra-day but I know your a position trader.
Regards,
Cigarguy
Keep It Simple
- #72,509
- May 28, 2014 11:32pm May 28, 2014 11:32pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} {quote} I see strength on EU, may lookup for bull this time. going against you this time prof.tah and Mr.cigarguy
feinan,
The EU M15 might be getting close for your classic long set up if your still in the bullish camp?
Regards,
Cigarguy
Keep It Simple
- #72,510
- May 28, 2014 11:39pm May 28, 2014 11:39pm
{quote} feinan, The only problem I have with your bullish scenario is this weakness long term. Dragon and EMA headed down, break of 200 sma (MM's like to play this MA for S/R) and trend line break. Yes of course there are a lot of moves intra-day but I know your a position trader.
{quote} feinan, The EU M15 might be getting close for your classic long set up if your still in the bullish camp?
Im trying to long since my analysis told me so. I will out from the market if m15 Dragon turns down again.. let see what happen next..
i might wrong 
..Happy Trading
feinan
t.me/LWBRfx Discord.io/LWBR
- #72,511
- May 28, 2014 11:44pm May 28, 2014 11:44pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} You got the point. makes me think twice for long..
feinan,
Please follow your own analysis and instincts your usually right.
I'm just showing you what I see. I'm just a scalper what do I know...
Regards,
Cigarguy
Keep It Simple
- #72,514
- May 29, 2014 2:34am May 29, 2014 2:34am
Hey guys,
I'm a newcomer around here (and to Forex as well, kind of).
Just posting this to see if I got the Classic setup right. Got into two shorts, in accordance with the daily trend.
What I did is that I have closed half of the position, moved SL to zero, and then set a better TP, watching what happens. Is it a good idea to use the indicator pivot levels as TP?
Oh, and thanks for all the material here.
After going through a lot of other material (FPA Military Scool gives quite a broad picture...), this seems to be very good. There is much to do for me, especially to learn how to sit on my hands and be patient. Seeing the positions you have just closed, TAH... wow!
Do you do Classic setups only or mostly on M15?
I'm a newcomer around here (and to Forex as well, kind of).
Just posting this to see if I got the Classic setup right. Got into two shorts, in accordance with the daily trend.
What I did is that I have closed half of the position, moved SL to zero, and then set a better TP, watching what happens. Is it a good idea to use the indicator pivot levels as TP?
Oh, and thanks for all the material here.
After going through a lot of other material (FPA Military Scool gives quite a broad picture...), this seems to be very good. There is much to do for me, especially to learn how to sit on my hands and be patient. Seeing the positions you have just closed, TAH... wow!Do you do Classic setups only or mostly on M15?
--I'm a demo newbie, please be cautious.
- #72,516
- May 29, 2014 5:00am May 29, 2014 5:00am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
AUDUSD Trade Closed:
EURUSD Trade Added Long #3:
EURUSD Trade Added Long #3:
