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EURUSD

  • #911,701
  • Jul 21, 2014 4:25am Jul 21, 2014 4:25am
S/O the first attempt, trying the second one...
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  • #911,702
  • Jul 21, 2014 4:35am Jul 21, 2014 4:35am
Quoting Goodvalley
Arrived late at the station, trying to catch the train "if"... Long 1.3524 with S/L at 1.3519, TP 1.3605 Then a Limit at 1.3519 with S/L at 1.3515, same TP. If wrong, I won't fight it. Not sure about the 1.3547, didn't seem a very proper crossing.
just out of interest, why would you have a sl at 519 on one trade and then re-enter long at the same level? It seems like you are just paying the spread twice for what is effectively the same trade
  • #911,703
  • Jul 21, 2014 4:47am Jul 21, 2014 4:47am
Quoting chazzle
{quote} just out of interest, why would you have a sl at 519 on one trade and then re-enter long at the same level? It seems like you are just paying the spread twice for what is effectively the same trade
Yep, first of all this is in a very tiny account. I'm working and studying in a Demo and this tiny account. I'm re-thinking everything about my trading.

One of the things I'm trying is to have chances with very tight S/L's, which allow for a really quick BE and small pip losses (in relation with the position size). But you're right, as I said I arrived late and didn't want to miss the train, so I entered. If I had arrived before, I would have entered only once at 1.3519 which was the right spot for me.
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  • #911,704
  • Jul 21, 2014 4:57am Jul 21, 2014 4:57am
EURUSD initially fell during Friday’s session, but found reasonably support at the 1.35 handle. This area has been supportive for some time now, and is the bottom of a larger consolidation area.

We have the 1.3642 level as a resistance area, and as a result the market could be bought on a break above the high of the hammer as it shows that the bottom of this consolidation area does in fact continue to prove itself.
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  • #911,705
  • Jul 21, 2014 5:02am Jul 21, 2014 5:02am
Quoting honeill
EURUSD initially fell during Friday’s session, but found reasonably support at the 1.35 handle. This area has been supportive for some time now, and is the bottom of a larger consolidation area. We have the 1.3642 level as a resistance area, and as a result the market could be bought on a break above the high of the hammer as it shows that the bottom of this consolidation area does in fact continue to prove itself.
one day you will post something of your own instead of cut and paste....
  • #911,706
  • Jul 21, 2014 5:02am Jul 21, 2014 5:02am
Quoting Goodvalley
{quote} Yep, first of all this is in a very tiny account. I'm working and studying in a Demo and this tiny account. I'm re-thinking everything about my trading. One of the things I'm trying is to have chances with very tight S/L's, which allow for a really quick BE and small pip losses (in relation with the position size). But you're right, as I said I arrived late and didn't want to miss the train, so I entered. If I had arrived before, I would have entered only once at 1.3519 which was the right spot for me.
ok , I understand - it still doesn't make sense to exit sl at a point you intend to re-enter at the same time, no matter how small the acc. - It's not a small sl which will allow you to get a really quick BE - it's being patient with your entry - fear of missing out will push us into a less desirable entry - I made this mistake over and over - but I do it a lot less now than I used to. Trying to be constructive and not flaming here - patience with entry is very important if you want small sl - all the best
  • #911,707
  • Jul 21, 2014 5:07am Jul 21, 2014 5:07am
Quoting chazzle
{quote} ok , I understand - it still doesn't make sense to exit sl at a point you intend to re-enter at the same time, no matter how small the acc. - It's not a small sl which will allow you to get a really quick BE - it's being patient with your entry - fear of missing out will push us into a less desirable entry - I made this mistake over and over - but I do it a lot less now than I used to. Trying to be constructive and not flaming here - patience with entry is very important if you want small sl - all the best
No problem at all, have a great day
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  • #911,708
  • Jul 21, 2014 5:12am Jul 21, 2014 5:12am
Quoting MaxDoom
{quote} one day you will post something of your own instead of cut and paste....
You tried hard.... and give up finally
  • #911,709
  • Jul 21, 2014 5:21am Jul 21, 2014 5:21am
Quoting MaxDoom
{quote} morning Vectamart, shorts is the way imo has not changed since 8th May I took the early train at 3542 today {image}
Hi Max,is this new version with levels value added next to levels description?Thanks.
  • #911,710
  • Jul 21, 2014 5:37am Jul 21, 2014 5:37am
Quoting MaxDoom
{quote} morning Vectamart, shorts is the way imo has not changed since 8th May I took the early train at 3542 today {image}
You could be squeezed if inflation stay at same level or drops below thinking around 3595, also medium option expires at 14h today, will see if USD bulls are ahead of themselves.
  • #911,711
  • Jul 21, 2014 5:54am Jul 21, 2014 5:54am
Quoting chazzle
EU H4 long at Friday/today range mid 520, 518 another to note as others have mentioned already.... {image}
3rd attempt this morning down at 520 so I'm out for +1 ... whatever, it's Monday
  • #911,712
  • Jul 21, 2014 5:58am Jul 21, 2014 5:58am
nap time.. 3518 is getting a work out.. if it holds, then a new high, today. then above 3600 is in the scope,, 3600.2 is a R. its in the 3547 sequence,,. my cross candle needs a open above and a close below 3494// later
those who can, do. those who cant, talk about those who can
  • #911,713
  • Jul 21, 2014 6:18am Jul 21, 2014 6:18am
Still bearish;
classical impulsive-corrective move
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  • #911,714
  • Jul 21, 2014 6:19am Jul 21, 2014 6:19am
Quoting Danny Maina
Still bearish; classical impulsive-corrective move {image}
the lower the better for long IMHO
not euphoria follower
  • #911,715
  • Jul 21, 2014 6:23am Jul 21, 2014 6:23am
Dealers say that short sellers stops are at above 1.3540 ; 1.3590 ; 1.3600 and 1.3655.
They all look really close to me, which is not good, a cascade effect could happen
  • #911,716
  • Jul 21, 2014 6:24am Jul 21, 2014 6:24am
Quoting Danny Maina
Still bearish; classical impulsive-corrective move {image}
Where do you get that lingo from? And what MA is that, if I may ask?
  • #911,717
  • Jul 21, 2014 6:29am Jul 21, 2014 6:29am
Quoting Pharm0r
Will be watching the JPY crosses this week. Both GPB & USD sitting on support
USDJPY

GPBJPY needs to get it in gear, but is in correlation with usdjpy....even if it's lagging behind.

Here's to another week of entertainment in the EURUSD thread
  • #911,718
  • Jul 21, 2014 6:29am Jul 21, 2014 6:29am
EURUSD 1.35 stays on the radar as long as it stays below 1.3550. Key levels cited in my

Daily Forex Trading Outlook

Inserted Video
  • #911,719
  • Jul 21, 2014 6:33am Jul 21, 2014 6:33am
The bears had so many opportunities to sunk the Euro since the beginning of June that this isn't even funny anymore. Somebody here needs to take a dump or get off the can...
Why sell the bottoms when you can buy the tops...
  • #911,720
  • Jul 21, 2014 6:43am Jul 21, 2014 6:43am
I don't think the price will get any lower but somehow it depend on tomorrow's data
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