EURUSD:
SOLD on a pull back to the 21ema(in blue)
SOLD on a pull back to the 21ema(in blue)
Yvon
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DislikedHi Yvon, as i wrote before i sold it on pull back to 21 ema! I would like to ask you where your take profit is? I put three take profit, two of them already took. They were at 1.34213 and 1.34113. The next (last) one is at 1.33972. What do you think about?? Thanks you, MirkoIgnored
DislikedHi Yvon, thank you for the answer. Ok, let check how deep it will go! I have choosed 1.33972 as my last target profit because i have seen that one resistance is somewhere there, but maybe is a resistance that is not working anymore because is starting since 7 april! Also if you watch the weekly chart, there is the 89 ema that is just around there... What you think about this MA? Do you consider it as a probabily bounce? Thank you! MirkoIgnored
DislikedHello everyone, This morning i check GBPUSD and EURUSD, and they were in the similar situation. Just they touched the 21 ema, bouncing there, and by the rule (I guess!) i sold both... i sold this morning 8.00 GMT +2 both GBP/USD EUR/USD, i thought was a good time, and since now i am +37 pip in GBP/USD with one take profit at 1.69369 (now the price si 1.69398) and another take profit at 1.69210. Where is your take profit? Do you think it would go more down? About EUR/USD i am +16 pip now, i have two take profit, one at 1,34113 and the other at 1.33972....Ignored
Disliked{quote} hi Mirka, for sure it could give a barrier there, but looking at longer term there is still a divergence from the macd and the targets are reachable, my guess. If the dollar index still pointing up, because it seems that it has made a bottom, or try very very hard on it. if it is the case , it will be true to sell the EURUSD and keep it that way for quite some time . Again, it is just a guess, and market does what it wants! but the 89sma has something that markets respect, and a bounce wouln't be a surprise. This is the weekly chart:...Ignored
Disliked{quote} Good Morning Yvon - how's the Kiwi going. You still there?? About the Euro - are you planning to use that bottom T/L support for a target. We are seeing divergence for sure here ( I am calling it the 4 sisters). The big boys will let us know soon enough I guess. {image} I am still in the Pound & the 365 is holding as Resistance while trading comes to an end for the day.Ignored
DislikedSpecial Gift to us all from another senior trader: Hi Guys - I am now up to page 1254 of this amazing novel we are part of. Jim Dandy is the bloke and I am sure he wont mind me using his post to help us digest the Rythym aspects of this strategy. I refer to Page 1254 Post # 25075. Do a search and read this a few times. Thanks Jim Dandy. If you read this , call in & say hello. Trademin , Morelands still keeping an eye on us. I look back at all your posts from this era and gees there was some clever folks around. Anyway - cheers for being part of...Ignored
DislikedBinnie and Yvon, Saw your posts. About NZDUSD, re-reading the posts again and I think they are beginning to make sense. Yvon, thanks for not giving up on me, you are still pressing on trying to help me understand. Thanks. I think I will leave this aside for now, not that I am giving up but will learn to be more alert and read the charts like Yvon is doing. Perhaps, when opportunity comes, I will post charts and leave it for you guys to comment if I have got the idea. After all, practice makes perfect. But at the mean time, please continue to post...Ignored
Disliked{quote} Nice find.... Its funny how you could just have 2 user names throughout the whole thread. With the rhythm (gurus) (dances like Michael Jackson) Out of rhythm (newbies and me) (dances like me dad) The thread is great I'm reading and learning all the time from it... keep up the good work...Ignored
DislikedDid 2 trades on EURUSD on 28th and 29th July. Posted on 28th on the sell trade relating to 3 little sisters. But no one responded and I did the trade anyway and made a 9 pips gain before deciding to sell it off. Analysis: Counter trend trade TP= 21ema 3rd RB forming, possibility that price was pulling back to 21ema MACD divergence Short term trade so was watching it closely. 29th July No MACD indication. Decision based on candle spike and fact that it was moving away from 21ema Open for comment. Yvon, did you enter the trade at the close of the...Ignored
DislikedBinnie and Yvon, Saw your posts. About NZDUSD, re-reading the posts again and I think they are beginning to make sense. Yvon, thanks for not giving up on me, you are still pressing on trying to help me understand. Thanks. I think I will leave this aside for now, not that I am giving up but will learn to be more alert and read the charts like Yvon is doing. Perhaps, when opportunity comes, I will post charts and leave it for you guys to comment if I have got the idea. After all, practice makes perfect. But at the mean time, please continue to post...Ignored