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  • #20,281
  • Dec 4, 2014 8:23am Dec 4, 2014 8:23am
Quoting gespiri
{quote} Hi, now that it hit 1.2290, does this signal the end of wave 5? Or will it still target the bottom trend line of 1.2224?
Unfortunately the price has hit my target prior to retracement that happened at ECB spike. I am not into waves. i need to see how price will behave during the day. Dont forget tomorrow is NFP.
  • #20,282
  • Dec 4, 2014 8:30am Dec 4, 2014 8:30am
Quoting T@rantula
{quote} Unfortunately the price has hit my target prior to retracement that happened at ECB spike. I am not into waves. i need to see how price will behave during the day. Dont forget tomorrow is NFP.
Thanks for your input. This is really f'ed up. I managed to make 30+ pips in less than a minute.....from 1.2320 to 1.2290 and then up again which hit my buy stop at 1.2328. This is really hairy and now I'm not sure where the top could be (probably 1.2420 which is the 61.8% level?).
Lost....
  • #20,283
  • Dec 4, 2014 8:32am Dec 4, 2014 8:32am
Quoting gespiri
{quote} Thanks for your input. This is really f'ed up. I managed to make 30+ pips in less than a minute.....from 1.2320 to 1.2290 and then up again which hit my buy stop at 1.2328. This is really hairy and now I'm not sure where the top could be (probably 1.2420 which is the 61.8% level?).
2425 is next resistance.
  • #20,284
  • Dec 4, 2014 8:49am Dec 4, 2014 8:49am
Quoting gespiri
{quote} Thanks for your input. This is really f'ed up. I managed to make 30+ pips in less than a minute.....from 1.2320 to 1.2290 and then up again which hit my buy stop at 1.2328. This is really hairy and now I'm not sure where the top could be (probably 1.2420 which is the 61.8% level?).
you should not get tempted to enter when saw some spike especially during news, the robber are smart, they put you a cheese cake with a mouse trap behind it
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  • #20,285
  • Dec 4, 2014 9:25am Dec 4, 2014 9:25am
Quoting bolehbah69
{quote} you should not get tempted to enter when saw some spike especially during news, the robber are smart, they put you a cheese cake with a mouse trap behind it {image}
Yes, that is definitely truth. Wait for markets to calm down then do a proper entry.
  • #20,286
  • Dec 4, 2014 9:33am Dec 4, 2014 9:33am
Quoting bolehbah69
{quote} you should not get tempted to enter when saw some spike especially during news, the robber are smart, they put you a cheese cake with a mouse trap behind it {image}
Thanks. So far, long at 1.2328 with a TP at 1.2460.
Lost....
  • #20,287
  • Dec 4, 2014 10:08am Dec 4, 2014 10:08am
Quoting gespiri
{quote} Thanks. So far, long at 1.2328 with a TP at 1.2460.
Well done, I dont have any positions on EU atm.
  • #20,288
  • Dec 5, 2014 2:29am Dec 5, 2014 2:29am
The spike which EURUSD has made was not technical one. It can be deemed a fundamental one, so the technical levels still need to be cleared. 2435-45 is POC zone where possible shorts might happen. 2485 is the level where shorts stop should be placed and only above the zone the price might spike higher. Bearish setup is still trend trade, and NFP should bring volatility.
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  • #20,289
  • Dec 5, 2014 5:46am Dec 5, 2014 5:46am
Sweet short of EUR/GBP on a retest of a broken triangle H4. Target is open and SL should be 0.7935.
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  • #20,290
  • Dec 5, 2014 6:46am Dec 5, 2014 6:46am
Quoting aleksfx
Sweet short of EUR/GBP on a retest of a broken triangle H4. Target is open and SL should be 0.7935. {image}
it things to be a break retest short i´m on it too
Scalping
  • #20,291
  • Dec 5, 2014 7:05am Dec 5, 2014 7:05am
EURJPY is in strong uptrend. 150.00 is the target for EURJPY. 148.50 and 148.20 are POCs. If retracement happens we should monitor PA around these zones for a possible trend setup. 149.15 if broken will proceed to 149.30 and BPC ( Breakout Pullback Continuation ) might give us a breakout trade. Mind you however that 149.30 is resistance so watching the price around 149.30 is suggested on the break of 149.15.

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  • #20,292
  • Dec 5, 2014 7:35am Dec 5, 2014 7:35am
Quoting T@rantula
The spike which EURUSD has made was not technical one. It can be deemed a fundamental one, so the technical levels still need to be cleared. 2435-45 is POC zone where possible shorts might happen. 2485 is the level where shorts stop should be placed and only above the zone the price might spike higher. Bearish setup is still trend trade, and NFP should bring volatility. {image}
I am not surprised EURUSD fell heavily on NFP spike.
  • #20,293
  • Dec 5, 2014 7:55am Dec 5, 2014 7:55am
Quoting T@rantula
USDCAD has formed a rounded bottom on retracement and now its trapped in a running triangle. 1.1375-85 is the level where it might jump reaching 1.1435 and subsequently 1.1465. Only the break of 1465 level targets 1.1513. {image}
AND USDCAD reached the target on NFP.
  • #20,294
  • Dec 5, 2014 8:04am Dec 5, 2014 8:04am
Quoting T@rantula
EURJPY is in strong uptrend. 150.00 is the target for EURJPY. 148.50 and 148.20 are POCs. If retracement happens we should monitor PA around these zones for a possible trend setup. 149.15 if broken will proceed to 149.30 and BPC ( Breakout Pullback Continuation ) might give us a breakout trade. Mind you however that 149.30 is resistance so watching the price around 149.30 is suggested on the break of 149.15. {image}
From POC 1 +50 pips!
  • #20,295
  • Dec 5, 2014 8:10am Dec 5, 2014 8:10am
Quoting T@rantula
{quote} From POC 1 +50 pips!
good one.. see if it break..
  • #20,296
  • Dec 5, 2014 9:02am Dec 5, 2014 9:02am
Quoting bolehbah69
{quote} good one.. see if it break..
+85 now.
  • #20,297
  • Dec 6, 2014 1:05pm Dec 6, 2014 1:05pm
shering my startegy base in same of your videos patterns are very impotant to take an idea were the price is going .
have ben doing good results 3 weeks now positive monthly weekly 4h heikin ashi cnadles 4h entry base on renko and patterns .
stop a 50 pibs once get 15 profit stop goes to 2 pibs (i will be stop several times but protecting my profit) and let it roal if it goes ok heikin ashi 4h trailing stop .
i´m corecting my mistakes on my strategy for some time just need to delet overtrading i think is the last problem that y got
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Scalping
  • #20,298
  • Dec 7, 2014 7:26pm Dec 7, 2014 7:26pm
Quoting kalyan
I am bullish above 2570 for 2700.. I am bearish below 2400 for 2270.. But keeping risk in mind 2570 will the best short with lesser SL. As it is bearish one can wait till 2270 also. I am more interested to take that trade.​
2390 paid well.2270 reached. This week I still look for the same level 2390. Break of 2270 gives 2165.
  • #20,299
  • Dec 8, 2014 2:45am Dec 8, 2014 2:45am
20 pibs eur usd still down las friday order stop at 3 profit let it roll
Scalping
  • #20,300
  • Dec 8, 2014 3:35am Dec 8, 2014 3:35am
After nice drop down this morning on eu i think is time for correction
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