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EURUSD

  • #938,161
  • Nov 23, 2014 1:58pm Nov 23, 2014 1:58pm
Now I wish I had held my short over the weekend lol
  • #938,162
  • Nov 23, 2014 2:00pm Nov 23, 2014 2:00pm
Quoting KGP
1.23664.... an almost 3 week position got finally to the green....!!! nice
Yes, not bad nice gap down :-D

Let's hope it goes down even more . My target is 1.2200
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #938,163
  • Nov 23, 2014 2:01pm Nov 23, 2014 2:01pm
Quoting Lacunoide
{quote} Yes, not bad nice gap down :-D Let's hope it goes down even more . My target is 1.2200

today?
  • #938,164
  • Nov 23, 2014 2:02pm Nov 23, 2014 2:02pm
Quoting KGP
{quote} today?
LOL no... Long term :-D
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #938,165
  • Nov 23, 2014 2:05pm Nov 23, 2014 2:05pm
Quoting Lacunoide
{quote} LOL no... Long term :-D
cause i just got back to red... lol
  • #938,166
  • Nov 23, 2014 2:09pm Nov 23, 2014 2:09pm
Quoting KGP
{quote} cause i just got back to red... lol
ehhehe

No problem i shorted at higher price so there is still plenty of room :-P
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #938,167
  • Nov 23, 2014 2:18pm Nov 23, 2014 2:18pm
Quoting NewStart
there is a gap start from lower price next monday, perhaps. Need to open long (tf H4) but i think i should wait for opening monday first. hmm
as i thought
If Being a Good Man is a "Fool", So I'll Be Happy to be a "Fool"
  • #938,168
  • Nov 23, 2014 2:31pm Nov 23, 2014 2:31pm
I think it will hold 12358 until the German Ifo Business Climate figures.

Might close my short beforehand as if figures are better than expected can see short covering take this back to above 12400.
Trade with what you see, not what you feel.
  • #938,169
  • Edited 3:27pm Nov 23, 2014 3:08pm | Edited 3:27pm
Closed Short 12362
Opened Long 12363
Target 12415
Stop 12349
Trade with what you see, not what you feel.
  • #938,170
  • Nov 23, 2014 3:11pm Nov 23, 2014 3:11pm
EA 40 pips down from close.
Intraday only.
  • #938,171
  • Nov 23, 2014 3:34pm Nov 23, 2014 3:34pm
this week is bullish euro..
  • #938,172
  • Nov 23, 2014 3:51pm Nov 23, 2014 3:51pm
Another trading week ahead guys... looks like most pairs opened with a 30-60pip high/low according to its trend!! Hopefully this will be a good week with loads of green profits for everyone!!
  • #938,173
  • Nov 23, 2014 4:02pm Nov 23, 2014 4:02pm
Just as a warning to new traders for this currency pair (regardless of whether you're long or short):

Overall trend is still bearish and will remain so until we reach AT LEAST 1.2200. Expect a very significant support at 1.2000, which is a tried and held support for several times in the past decade. Keep in mind that this is mid-term expectations, so it can take anywhere from a week~a month or two. It's still pretty much set in stone, however.

Don't be surprised to see corrections going up more than 100 pips; market movers are in play and they won't simply keep sinking the value of the EUR/USD regardless of how superior the dollar is to the euro.

Summation: It doesn't matter whether you long or short; both sides have potential to bring out a profit, and you can play both. Just don't hold stupidly unrealistic expectations like expecting the EUR/USD to reach 1.2550 this week as a correction. Because it won't.

Edit: I don't expect the EUR/USD to sink for the next few hours; 1.2360 is a support established on the first week of November on the 4 hour chart. We'll probably see a small movement upwards to balance the drop in prices over the weekend. Just keep a tight SL for your longs

Current position: Long EUR/USD at 1.23654. TP at pivot point 1.244. SL at 1.2350
  • #938,174
  • Nov 23, 2014 4:08pm Nov 23, 2014 4:08pm
Quoting Vermillion
Just as a warning to new traders for this currency pair (regardless of whether you're long or short): Overall trend is still bearish and will remain so until we reach AT LEAST 1.2200. Expect a very significant support at 1.2000, which is a tried and held support for several times in the past decade. Keep in mind that this is mid-term expectations, so it can take anywhere from a week~a month or two. It's still pretty much set in stone, however. Don't be surprised to see corrections going up more than 100 pips; market movers are in play and they won't...
Thanks Vermillion, a good read.
Trade with what you see, not what you feel.
  • #938,175
  • Nov 23, 2014 4:18pm Nov 23, 2014 4:18pm
Quoting Vermillion
Just as a warning to new traders for this currency pair (regardless of whether you're long or short): Overall trend is still bearish and will remain so until we reach AT LEAST 1.2200. Expect a very significant support at 1.2000, which is a tried and held support for several times in the past decade. Keep in mind that this is mid-term expectations, so it can take anywhere from a week~a month or two. It's still pretty much set in stone, however. Don't be surprised to see corrections going up more than 100 pips; market movers are in play and they won't...
Thanks Vermillion
  • #938,176
  • Nov 23, 2014 4:20pm Nov 23, 2014 4:20pm
Holiday week. Have a good week and make some money everyone.
  • #938,177
  • Nov 23, 2014 4:57pm Nov 23, 2014 4:57pm
Quoting Vermillion
Just as a warning to new traders for this currency pair (regardless of whether you're long or short): Overall trend is still bearish and will remain so until we reach..
Went long about a pip above you, but I'm out. Bank holiday in Japan today so market moves be quite unpredictable. Sometimes it pays to stay on the sidelines. Best of luck in your position!

SK
  • #938,178
  • Nov 23, 2014 4:57pm Nov 23, 2014 4:57pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Vermillion
Just as a warning to new traders for this currency pair
  • #938,179
  • Nov 23, 2014 4:57pm Nov 23, 2014 4:57pm
Quoting pedro319
{quote} EURUSD The trading plan for this week is the continuation from last week as only half of it got completed, we are looking for rejection around the same levels for sell position. I am posting two charts, H4 Bfly Sell mentioned on last Wednesday and D1 ABCD, check your pivots for further confluence. {image} {image}
EURUSD
M1- 1.2190 is .618 Extension Monthly chart and is the main target at the moment, until that gets broken there is no point in talking about levels further down.

D1- Retracement on Daily chart is over imo after touching .447 Fib level at 1.26, price should retrace only on smaller tfs H4 and H1.
ABCD D1 in red 1.618 stands at 1.2256, the other in violet stands at 1.2190 area.

H4- This is a possible move from 1.2350 below MS1 (1.618 Ext current swing) to 1.2445 (destination retracement .447 + WPP).

During the week there might be something else on H1 + pivots for confluence Sell position or adding shorts, if you trade retracement do it small or just wait for level to Sell.

For further details read here: http://www.forexfactory.com/showthre...33#post7858033
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd monthly.png Size: 192 KB
Click to Enlarge Name: EURUSD D1 23 11.png Size: 52 KB
Click to Enlarge Name: EURUSD H4 23 11.png Size: 55 KB
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  • #938,180
  • Nov 23, 2014 5:16pm Nov 23, 2014 5:16pm
looking for a nice pullback to jump back in with a new short.. im looking for 1.2450 and 1.25 to reload
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