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  • #940,201
  • Dec 2, 2014 11:34am Dec 2, 2014 11:34am
Quoting fxmasterdxb
Buying EU here between 1.2387 and 1.2376 targeting 1.2430, SL 1.2345
Reason for my long is the gartely pattern on 1H time frame, because it's counter trend i'm shooting for 38.2 fibbo retracement only and will consider shorting there if the right setup comes up!
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  • #940,202
  • Dec 2, 2014 11:36am Dec 2, 2014 11:36am
Quoting Sants
{quote} thats a lot level of fibs. may i know your reason to put those levels? for reference
more to do with adds or tp's.. w/o emotion for personal trading .. price has to take and hold/close to show strength is another, larger tf is where it works best for me to help zoom in on smaller ones. and they are just mostly one single fib. some dont even consider it a fib.
those who can, do. those who cant, talk about those who can
  • #940,203
  • Dec 2, 2014 11:36am Dec 2, 2014 11:36am
TY for the pattern recognition work.
All Work & No Play!
  • #940,204
  • Dec 2, 2014 11:45am Dec 2, 2014 11:45am
Quoting gatorinla
{quote} a break, then 2467, or higher, 2467 sometime after break, but before 21xx.. a 2383 and 2367 close on larger tf is what bears need + LL 2309 area may be a decent support.. i will look to lighten/close remainder above there also. especially if before dragass has eased.. and look to enter 2467/2600
pos taken its time
those who can, do. those who cant, talk about those who can
  • #940,205
  • Dec 2, 2014 11:49am Dec 2, 2014 11:49am
Quoting Sants
if 4h candle close above 2382 then looking for scalp long 2407, tp at 2426
2407
  • #940,206
  • Dec 2, 2014 11:50am Dec 2, 2014 11:50am
lol.. still not up yet..
the true currencies here is patience and react precisely
  • #940,207
  • Dec 2, 2014 11:52am Dec 2, 2014 11:52am
Quoting gatorinla
{quote} more to do with adds or tp's.. w/o emotion for personal trading .. price has to take and hold/close to show strength is another, larger tf is where it works best for me to help zoom in on smaller ones. and they are just mostly one single fib. some dont even consider it a fib.
monthly chart fibs? i mean, how are you determined the level such as 6.25, 12.5, 18.75, 25, 31.25, 37.5, 50, 62.5, 68.75, 78.57, 93.75?
  • #940,208
  • Dec 2, 2014 11:53am Dec 2, 2014 11:53am
Well, USDollar is back on the advance, where would EURUSD go ?
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  • #940,209
  • Dec 2, 2014 11:53am Dec 2, 2014 11:53am
...
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  • #940,210
  • Dec 2, 2014 11:53am Dec 2, 2014 11:53am
Quoting fxmasterdxb
{quote} Reason for my long is the gartely pattern on 1H time frame, because it's counter trend i'm shooting for 38.2 fibbo retracement only and will consider shorting there if the right setup comes up! {image}
Personally I would only take that after 1.618 Ext is completed but each one of us has got different ways...
We watch the charts from every angle so you don't have to!!
  • #940,211
  • Dec 2, 2014 12:01pm Dec 2, 2014 12:01pm
Looking at the chart, 2620+- might be a good place to go short. Definitely safer than shorting here, from below 2400.
Everyone can see the chart, but only a few can actually read it.
  • #940,212
  • Dec 2, 2014 12:02pm Dec 2, 2014 12:02pm
80 pips in the green...should I close it...or should I listen to mr greed ?
Why sell the bottoms when you can buy the tops...
  • #940,213
  • Dec 2, 2014 12:03pm Dec 2, 2014 12:03pm
Quoting Sants
{quote} monthly chart fibs? i mean, how are you determined the level such as 6.25, 12.5, 18.75, 25, 31.25, 37.5, 50, 62.5, 68.75, 78.57, 93.75?
bigger highs and lows
those who can, do. those who cant, talk about those who can
  • #940,214
  • Dec 2, 2014 12:11pm Dec 2, 2014 12:11pm
Quoting JustAndy
80 pips in the green...should I close it...or should I listen to mr greed ?
if your saying your short from 1.246 i'd put stop to BE and just hold it. 1.246 is a good entry point. You might even possibly be safely short before ECB leading to massive profits if this bad boys drops or worst case you break even or close before it rebounds. Depends on if you go for big profits and are OK with a trade completely 180 reversing on you and stopping you out at nothing or if you like shorter time/intraday trades. Its up to you how you trade it. If it was me I would do BE and sit on it but that's my trading style.

How much % of your account is trade worth etc. lot of questions you have to ask yourself. Maybe close out a portion of it and let rest run? Idk your situation.
  • #940,215
  • Edited 12:58pm Dec 2, 2014 12:14pm | Edited 12:58pm
Quoting OnlineAddict
Looking at the chart, 2620+- might be a good place to go short. Definitely safer than shorting here, from below 2400.
+1... 2340-2420 is bad price, it's because people are so greedy they all sell it so fast...like if the devil is prosecuting them...i knew this week had to be like this, people start pressing the Sell button with panic...in 2008 we made triple bottom then big up, i guess when we Watch those chart that it is clear trap...
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  • #940,216
  • Dec 2, 2014 12:27pm Dec 2, 2014 12:27pm
maybe Daily S2 will provide a little support today
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  • #940,217
  • Dec 2, 2014 12:28pm Dec 2, 2014 12:28pm
Quoting JustAndy
80 pips in the green...should I close it...or should I listen to mr greed ?
When in doubt, always listen to your gut and close. We might be back there tomorrow.
Everyone can see the chart, but only a few can actually read it.
  • #940,218
  • Dec 2, 2014 12:31pm Dec 2, 2014 12:31pm
is it that bad to go down 1.21?
Let me fill my acount wallet then will take Ur advice
  • #940,219
  • Dec 2, 2014 12:36pm Dec 2, 2014 12:36pm
Quoting dbutton1990
Hey everyone, I don't trade the Eur/Usd too often, I do pay attention to it around the ECB decision though. Drawing some fibs on this pair and it looks like it could be headed towards 116. Looking at the Daily, it looks like we could be poised for a bounce off a long term upward trend line. What do you guys think? With QE coming and never have done it before, 116 by the end of 2015 definitely a possibility! {image}
Nice move before the ECB decision Thursday. Would love to see 1.21!
Good luck and may the odds be ever in your favor!
  • #940,220
  • Edited 1:01pm Dec 2, 2014 12:43pm | Edited 1:01pm
Quoting rafat habeb
is it that bad to go down 1.21?
everyone is selling...so everyone will win if we go 1.21...just i will not sell at 2340-2420 area... im just not sure if winning money is as easy as this fishy move...if they do nothing before January 2015, it will be free traps for all xD...the train always has to stop at the station to get me in...
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