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  • #921,861
  • Sep 5, 2014 5:30am Sep 5, 2014 5:30am
I would go with 3050 before 2850 ,and my advice , don't risk your weekly gains on a friday's NFP .
Get Rich or Die Tryin
  • #921,862
  • Sep 5, 2014 5:37am Sep 5, 2014 5:37am
Quoting Nabz
Which pair would see high impact after NFP news?
normally all major EU, UJ, GU, UC
  • #921,863
  • Sep 5, 2014 5:39am Sep 5, 2014 5:39am
Quoting hoom
I would go with 3050 before 2850 ,and my advice , don't risk your weekly gains on a friday's NFP .
I'm with you.
  • #921,864
  • Sep 5, 2014 5:42am Sep 5, 2014 5:42am
Quoting KiwiTrada
{quote} I just read that post, a little odd to say, "dont take any advice from this site" and then proceed to give advice, actually dont mind the advice, then to say "no one here is live trading or only pennies" I guess this includes himself, anyways thread is full of shit, but now and then there is a nugget, key is sorting out the nuggets, trading is specific to timeframe trading, 100pip vertical move up or down on daily or higher can seem noise, lower time frame its mind bending "skyrocket or bomb" " every move big or small against you hurts if...
completely agree
  • #921,865
  • Sep 5, 2014 5:49am Sep 5, 2014 5:49am
Quoting irfandbl
{quote} {image}
ok, thanks. Don't know about Stochs...
Fail better.
  • #921,866
  • Sep 5, 2014 5:50am Sep 5, 2014 5:50am
Quoting irfandbl
Short @1.2965
Geez, you are utterly crazy to short eur/usd at this bargain buying price, keep in mind reversion to the mean which is 1.35 for this pair and also keep in mind that structurally the EU is in better Shape than the US, ive been adding longs since 1.32, added more longs yesterday , going to take profit at 1.33, no stop loss, just not crazy high leverage, so I can handle enough drawdown without stressing to much, altogether Im long eur/usd 1.9 lotsize.

Goodluck to me and you
  • #921,867
  • Sep 5, 2014 5:54am Sep 5, 2014 5:54am
Hey guys for whoever is interested... this is my eval on how and when you should consider going counter trend. I took this long on the EU. This is conservative trading and gives you a higher probability of success rather than simply relying on fibo or pivots.
The more evidence of a turn the better.

Evidence For this trade.

1) We had a slightly higher low
2) Had a double bottom on the Midrange timeframe level.
3) Great entry pattern on the entry chart (M5 to M30) followed by a continuation pattern... which I took.
4) Made a HH on the midrange which provides fuel for a future long
5) Stayed 1-1 risk reward ratio because we are going counter trend.
6) Next trade to look for a pullback buy.

Negatives:
1) daily candle bearish and broke support
2) Strong down trend

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-05_EU_CT.png Size: 72 KB
  • #921,868
  • Sep 5, 2014 6:00am Sep 5, 2014 6:00am
Quoting LarryDarrell
{quote} ok, thanks. Don't know about Stochs...
You're welcome, my pending short at 2960 has already been triggered, hope it will trigger the 2968 one as well. Tight SL because of NFP
  • #921,869
  • Sep 5, 2014 6:14am Sep 5, 2014 6:14am
Quoting pedro319
{quote} GOLD This resistance worked out and that could mean that we are going back down to finish with 1.618 ext Daily chart. at 1260/ 57. Price is completing ABCD + Bullish Gartley 4 hours chart + Daily chart. I guess much of the outcome will depend of tomorrow's NFP, I will trade it with very little risk by placing stops below the extension.
GOLD
PA seemed to have cleared 1264, next resistance 1 hour chart stands at 1269.74. All entries should have BE stops. Take some profit at specified levels cause you could end up with nothing if NFP goes against you.
We watch the charts from every angle so you don't have to!!
  • #921,870
  • Sep 5, 2014 6:25am Sep 5, 2014 6:25am
Quoting JustAndy
Like MD said, 2980 would be a nice place for a short
it's getting there slowly...
  • #921,871
  • Sep 5, 2014 6:45am Sep 5, 2014 6:45am
Quoting pedro319
{quote} GOLD PA seemed to have cleared 1264, next resistance 1 hour chart stands at 1269.74. All entries should have BE stops. Take some profit at specified levels cause you could end up with nothing if NFP goes against you.

agreed, just before nfp is no time to be entering the market, circus time coming soon
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  • #921,872
  • Sep 5, 2014 6:48am Sep 5, 2014 6:48am
Quoting Nabz
Which pair would see high impact after NFP news?
UC if usd and cad$ are out of sync
If you are new to Forex? Say Goodbye to your account!!
  • #921,873
  • Sep 5, 2014 6:51am Sep 5, 2014 6:51am
cable is moving south via GU and GJ

the double top @ H4-R1 level on EU starting to suggest in may not get to 297x
I will place a pending short just below that last H4 open @ 2953 in case
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-sbM5 2014 Sep 05 A.png Size: 23 KB
  • #921,874
  • Sep 5, 2014 6:51am Sep 5, 2014 6:51am
I don't think ill enter on the price today, I wish everyone a great weekend
  • #921,875
  • Sep 5, 2014 6:51am Sep 5, 2014 6:51am
i think next traget is 1.27664 on NFP and next week start uptrend but maximum goes 1.33982
  • #921,876
  • Sep 5, 2014 6:56am Sep 5, 2014 6:56am
Quoting pipster1
Hey guys for whoever is interested... this is my eval on how and when you should consider going counter trend. I took this long on the EU. This is conservative trading and gives you a higher probability of success rather than simply relying on fibo or pivots. The more evidence of a turn the better. Evidence For this trade. 1) We had a slightly higher low 2) Had a double bottom on the Midrange timeframe level. 3) Great entry pattern on the entry chart (M5 to M30) followed by a continuation pattern... which I took. 4) Made a HH on the midrange which...
Well done man, thank you so much.
  • #921,877
  • Sep 5, 2014 6:59am Sep 5, 2014 6:59am
Well, yesterday's drop was very dramatic to watch. I had my suspicions but I didn't expect it'd fall this much. I think it's headed for 1.2700 now but we might see some correction on the way.
  • #921,878
  • Sep 5, 2014 7:03am Sep 5, 2014 7:03am
Quoting MaxDoom
cable is moving south via GU and GJ the double top @ H4-R1 level on EU starting to suggest in may not get to 297x I will place a pending short just below that last H4 open @ 2953 in case {image}


im thinking cable is entering battle zone support daily
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  • #921,879
  • Sep 5, 2014 7:17am Sep 5, 2014 7:17am
Quoting KiwiTrada
{quote} im thinking cable is entering battle zone support daily
I am short from 6317 would like to see a test of 6247 might get it off the back of USD news
  • #921,880
  • Sep 5, 2014 7:25am Sep 5, 2014 7:25am
Quoting MaxDoom
{quote} I am short from 6317 would like to see a test of 6247 might get it off the back of USD news

from 7075 but heavily butchered skinniest runner you can get, calm before the storm
If you are new to Forex? Say Goodbye to your account!!
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