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  • #948,621
  • Jan 8, 2015 8:51am Jan 8, 2015 8:51am
Quoting gatorinla
{quote} closing this one for 29 pips. i have a new developed st setup for 121.23... so i will wait for the 120.70/79 edge to limit my risk, in case 121.23 is right.. so far eu dropped w/o much bounce as thought approaching uj 119.79.. wrong is wrong, limiting risk is always right.. uj seeking 121.xx in a attempt can push eu lower and vice verse near edge
I think UJ is going sub 118 before making new highs but target remains solid beyond 122
Get Rich or Die Tryin
  • #948,622
  • Jan 8, 2015 8:54am Jan 8, 2015 8:54am
well it just busted through the last high, thinking the up retrace is still active, seeing higher highs and lows on the 5m chart, waiting for a nice place to jump back in short.
  • #948,623
  • Jan 8, 2015 8:54am Jan 8, 2015 8:54am
Quoting nonlinear
{quote} many touches and a few decent reversals off of 120.70 area, been watching/waiting on that
against trend and with the st pointing above edge. near 120.79 looks more doable then yesterday did. with st pointing to a fail of 120.79 or at least a try. i feel safer missing the trade, or safer limiting my risk. to a dozen or less pips near 120.79 ish.. i acknowledge the st may be full of shit.. it sometimes is.. anyway even to go to 121.23.. 118.84 may happen before. i got lots of time to wait
those who can, do. those who cant, talk about those who can
  • #948,624
  • Jan 8, 2015 8:56am Jan 8, 2015 8:56am
EU heading back to 1805- may try another short there.

1816 maybe better
  • #948,625
  • Jan 8, 2015 8:57am Jan 8, 2015 8:57am
Quoting gatorinla
{quote} against trend and with the st pointing above edge. near 120.79 looks more doable then yesterday did. with st pointing to a fail of 120.79 or at least a try. i feel safer missing the trade, or safer limiting my risk. to a dozen or less pips near 120.79 ish.. i acknowledge the st may be full of shit.. it sometimes is.. anyway even to go to 121.23.. 118.84 may happen before. i got lots of time to wait

Just seems way too over sold ATM.....
Back from the dead * ding fries are done *
  • #948,626
  • Jan 8, 2015 9:01am Jan 8, 2015 9:01am
Quoting Pharm0r
EU heading back to 1805- may try another short there. 1816 maybe better
With you there, looking at 1805. The momentum looks like it may retrace higher like 1819
  • #948,627
  • Edited 9:29am Jan 8, 2015 9:04am | Edited 9:29am
Quoting Malchi
I want just ask someone how to learn when trend is going to reverse ... if its just fundamental think on eur/usd ... or others technical price action candles .. like double bottom or 123 pattern .. because i saw so many times this patterns and it failed so many times ... and go back in trend
Strong trends on the HTFs like this usually form when lots and lots of big traders find themselves caught on the wrong side of the market against their longer term expectations and thus have to liquidate their positions which in turn trigger further stops and so on and so forth ... i.e. a fundamental structural breach ... you get the picture...
That's why genuine strong trends are rare ... when trends of this type stop they tend to transition into a sideways choppy price action instead of abrupt full-fledged reversals, especially in FX market ...

It's far safer to enter a position in the direction of the trend (on pullbacks etc. what have ya...) ... that way market will be much more forth-coming in respect to the stops and you can participate in the continuation of the trend.
Hear the music before the song is over ...
  • #948,628
  • Jan 8, 2015 9:05am Jan 8, 2015 9:05am
Quoting JaredSA
{quote} With you there, looking at 1805. The momentum looks like it may retrace higher like 1819
805 yes. Quick test of 783 from here should open doors lower, but 805 looks more likely to be tested.
  • #948,629
  • Jan 8, 2015 9:07am Jan 8, 2015 9:07am
Quoting janpec1000
{quote} 805 yes. Quick test of 783 from here should open doors lower, but 805 looks more likely to be tested.
News spike perfect, Tped short and triggered 2 buys, 805 target BE SL (777).
  • #948,630
  • Jan 8, 2015 9:07am Jan 8, 2015 9:07am
Woah that spike! What happened?!
  • #948,631
  • Jan 8, 2015 9:07am Jan 8, 2015 9:07am
oh draghi....
Attached Image
  • #948,632
  • Jan 8, 2015 9:10am Jan 8, 2015 9:10am
EU, what the heck?
  • #948,633
  • Jan 8, 2015 9:12am Jan 8, 2015 9:12am
the hard part is knowing when a particular trend is finishing up, ie, when is it too late to join the trend party?

was that spike to do with news?
  • #948,634
  • Jan 8, 2015 9:15am Jan 8, 2015 9:15am
1.18500 possible IF hourly close above 1.18200
  • #948,635
  • Jan 8, 2015 9:15am Jan 8, 2015 9:15am
LMAO news spike making people go "WTF just happened" tells me how funny this forum is full M5 traders lol....
watching daily and i didnt even feel anything looking at EURUSD...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #948,636
  • Jan 8, 2015 9:16am Jan 8, 2015 9:16am
EUs short, looks a perfect divergence setup

Attached Image (click to enlarge)
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  • #948,637
  • Jan 8, 2015 9:18am Jan 8, 2015 9:18am
What news?
  • #948,638
  • Jan 8, 2015 9:19am Jan 8, 2015 9:19am
Quoting fxtyrant
LMAO news spike making people go "WTF just happened" tells me how funny this forum is full M5 traders lol.... watching daily and i didnt even feel anything looking at EURUSD...
only use the 5 min to try and find nice entry to jump in the general trend at a nice pull back.
  • #948,639
  • Jan 8, 2015 9:20am Jan 8, 2015 9:20am
Quoting WeeMee
{quote} only use the 5 min to try and find nice entry to jump in the general trend at a nice pull back.
well if someone watches M5 and was like "OMFG WTF that spike....
it means his/her eurusd Long just got their SL hit
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #948,640
  • Jan 8, 2015 9:22am Jan 8, 2015 9:22am
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