EUR/USD tested trendline on 1 and 4 hour charts has 1.08 as the price to sell.
- #975,903
- Mar 31, 2015 7:25pm Mar 31, 2015 7:25pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} swing is dependent on timeframe I am watching daily weekly and monthly to even contemplate any sort of pull back, reversal etc she needs to drop out of the daily rising channel with lower tl is no where near here, with eyeball she is still just above the mid if channel i would expect the battle for the "trend" (my) will be around 2403ish daily candle is fine need confirmation lower lows weekly last weeks was bullish (in channel) this weeks still open, will be sub 2404ish for any bearish intent monthly previous 2 were spinning tops (with...
Currently looking at the hrly H&S combo with the break of the rising TL, though 1.2650 is strong support prior to re-entry into the tight daily structure.
As the lights go by so too do the shadows move
- #975,905
- Mar 31, 2015 7:30pm Mar 31, 2015 7:30pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} break to upside looks likely as we stay above that MA.
As the lights go by so too do the shadows move
- #975,906
- Mar 31, 2015 7:40pm Mar 31, 2015 7:40pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Thanks for explanation, makes good sense. I generally trade the st tf's as I don't have the patience (and can get trigger happy/or not, with fear/greed) on the large tf's. Currently looking at the hrly H&S combo with the break of the rising TL, though 1.2650 is strong support prior to re-entry into the tight daily structure.
patience is key to success, smaller time frame is too much noise, ideally if can work up in timeframes 1 at a time, get comfortable with it, then up to next one, to develop a trade plan then use lower timeframe "only" to find cheapest entry, activate plan, switch off platform, go to beach if you 1hr you got 1hr minimum to enjoy real world, 4hr = 4hrs freedom minimum, no worries with itchy finger, no worries with over trade, early exit, move sl, etc al very bad habits
get plan wrong you lose sl, re assess why fail, tweek plan, try again, exactly the same, if when it starts working well, could take awhile, but will realize trading is not rocket science, human emotions will fukup you everytime
If you are new to Forex? Say Goodbye to your account!!
- #975,907
- Mar 31, 2015 7:49pm Mar 31, 2015 7:49pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
uj bears testing support looking good to
If you are new to Forex? Say Goodbye to your account!!
- #975,908
- Mar 31, 2015 8:07pm Mar 31, 2015 8:07pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} eu I brought todays open its what I do, 1st hrly candle was small so sl was cheap, already at BE and she is of the radar, hunting another trade entry patience is key to success, smaller time frame is too much noise, ideally if can work up in timeframes 1 at a time, get comfortable with it, then up to next one, to develop a trade plan then use lower timeframe "only" to find cheapest entry, activate plan, switch off platform, go to beach if you 1hr you got 1hr minimum to enjoy real world, 4hr = 4hrs freedom minimum, no worries with itchy finger,...
I have done the full circle. Started at st tf's worked up and did trade the lt tf's for quite a while and did ok but I think I found I had too much time to think about a trade and then rethink and then perhaps some doubt.... . I have now reverted back to the st tf's for a few reasons. I generally look for entries on the hrly but because I trade mainly a BO system I am looking for the aggressive entry and exit on the 5m. As far as noise is concerned to quote Mr Pip who has a very educational harmonics and order flow thread (prob one of best threads on this forum imo (that I have read)) "There is no such thing as noise". With time management, I like to have closed out trades before going to sleep etc. Once I have made or lost my daily quota I can then head to the beach stress free. Emotions are the biggest hurdle imo for a trader and I still get caught on occasions but it's another reason why I use st tf's, I can switch them off for a short time while trading.
As the lights go by so too do the shadows move
- #975,909
- Mar 31, 2015 8:13pm Mar 31, 2015 8:13pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
uj bears testing support looking good to
As the lights go by so too do the shadows move
- #975,910
- Mar 31, 2015 8:14pm Mar 31, 2015 8:14pm
- Joined Oct 2009 | Status: Trader | 1,271 Posts
It's in the zone....Bulls may drop it below (0744 to 0752 or so), and try again...in about three or four hours 
- #975,911
- Mar 31, 2015 8:18pm Mar 31, 2015 8:18pm
- Joined Oct 2009 | Status: Trader | 1,271 Posts
[quote=KiwiTrada;8177237]uj bears testing support looking good to[/quote
Looking at 119.19x...
[/quoteLooking at 119.19x...
cuz eu going bullish- #975,913
- Mar 31, 2015 8:26pm Mar 31, 2015 8:26pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Tried to trade the break of the rising TL/15m 200ma but got taken by about .5 with spread, otherwise I'd be at the beach by now
there is no sell entry here just confirmation of another leg down :nerd:has the positive yuan and yen data this morning played out or not may be the bigger question
If you are new to Forex? Say Goodbye to your account!!
- #975,914
- Mar 31, 2015 8:37pm Mar 31, 2015 8:37pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #975,915
- Mar 31, 2015 8:40pm Mar 31, 2015 8:40pm
- | Joined Sep 2012 | Status: Trader | 2,815 Posts | Online Now
- #975,916
- Mar 31, 2015 8:43pm Mar 31, 2015 8:43pm
this Friday's NFP is one hell of a scary one.... most countries are on easter holiday except the US being 1 day behind shit is scary.... its gona be a huge NFP we all are gona be looking at. but market is gona be illiquid as hell... potentially a 250 pip move either up or down. im SERIOUSLY considering closing my trades before the NFP..... Also if NFP comes in better than expectations now... do not be surprised of a rate hike between April-June.... fed is notoriously sneaky when it comes to big surprises, they tend to do them once a year.... and...
.
- #975,917
- Mar 31, 2015 8:46pm Mar 31, 2015 8:46pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} Tried to trade the break of the rising TL/15m 200ma but got taken by about .5 with spread, otherwise I'd be at the beach by now
I have 1 trade open that I can manage on ipad, summer is almost done for, it's NFP week and not much liquidity due to Easter Fri approaching.
Almost convinced myself......
As the lights go by so too do the shadows move
- #975,919
- Mar 31, 2015 8:47pm Mar 31, 2015 8:47pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Yup it has also reached the 61.8fib retrace in the st. I may look at a re-entry at the hrly 200ma around 1975 depending on PA for the completion of the longer term fib retrace. If the bulls jump on board here however imo it could be indicating a lt bull move.
looking else where, not much on offer just now could be pre fnp effect, dont know dont care, UC hourly battle zone is get clearer bit by bit, for those inclined she has printed a nice H&S with a crisp neckline, close to testing now, for now that has my eyeball again, wish I had more eyeballs sometimes 
If you are new to Forex? Say Goodbye to your account!!
- #975,920
- Mar 31, 2015 8:57pm Mar 31, 2015 8:57pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} yep, as said before once trade plan activated it goes of radar
As the lights go by so too do the shadows move