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  • #997,281
  • Jun 3, 2015 11:14pm Jun 3, 2015 11:14pm
Quoting ill_be_back
{quote} SHORT GJ at 190.858 SL 190.958
EU, I am seeing a pull back to lower then 1200 today. 1300 has to hold.
Intraday only.
  • #997,282
  • Jun 3, 2015 11:18pm Jun 3, 2015 11:18pm
Quoting navk
{quote} EU, I am seeing a pull back to lower then 1200 today. 1300 has to hold.
For now Cancelled my EU LONG, Only GJ SHORT with 10 pip SL, Will see where GJ at before News ( If Not SL)
Lets see what happens
A good trader follows his rules, but great trader knows when to break them
  • #997,283
  • Jun 3, 2015 11:18pm Jun 3, 2015 11:18pm
Quoting PeterFairchi
Entered what seems to look like a good trade to me. The buying power seemed to have slow down but we'll never know. Hoping for an adjustment / retracement back down to 1.1x Any comments , opinions and suggestions are very welcomed {image}
Hello. I'd say that you have taken the trade that most traders have/will have taken. Usually when people see massive spikes, met with accumulation, their first reaction is that the move (in this case the spike up) has lost steam, which of course will make people want to short. Where I am it is still the 3rd of June, so when I say yesterday I am referring to the price action we saw 24 hours ago (Tuesday heading into Wednesday pre-market London) as being the pretty same formation we see on the lower tf, only with a drop only 1 pivot level only for EU to rocket upward.
At this moment, the price is stuck in the smack middle of the accumulation high and low from yesterdays spike up. I'd rather have a open buy order with a tp to the r1 daily, unless EU will be to close under the weekly r3 price of 1.1252 on the 5m. Until that price is closed under, then I would hold the long. Should the weekly r3 be closed under then I would ride the short all the way down to 1.1131

Not to ention that tomorrow is NFP, in order for us to have a wide daily pivot range tomorrow, todays high low range wouldof course have to be very high. Today's daily pivot range is 60 pips based on yesterdays (still today for me ) over 110 pips. So in order for EU to have the same range tomorrow (NFP friday) we will about the same range today, so for that to happen EU will have to touch either the main weekly pivot of 1.10928 or the r2 pivot which is above 1.1410 which of course would be a massive blow to the bears.
My avatar is the perfect reflection of "social trading".
  • #997,284
  • Jun 3, 2015 11:31pm Jun 3, 2015 11:31pm
Quoting ill_be_back
{quote} For now Cancelled my EU LONG, Only GJ SHORT with 10 pip SL, Will see where GJ at before News ( If Not SL) Lets see what happens
EU seems to be in O/B in 4 hr.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 103 KB
Intraday only.
  • #997,285
  • Jun 3, 2015 11:33pm Jun 3, 2015 11:33pm
Quoting xandi
{quote} your trade explorer is so promissing! Max Return Run-Up:434% Max Return Drawdown 2% amazing numbers bro, specially drawdown!this only in 6 days, what a fresh breeze in our community!! great work, all the luck and strength!* subscribed
Thanks Xandi however this is just a demo account, when i open a real ecn account and trade on that, thats when ill feel the accomplishment.
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #997,286
  • Jun 3, 2015 11:33pm Jun 3, 2015 11:33pm
Quoting ill_be_back
{quote} Never worried about any of my Trades, Coz always a tight SL
That seems to be the key to lasting in forex, is having a tight stop loss. I honestly don't believe that buying on dips is a bad idea, as long as you are buying at daily pivots. We clearly can see the last 3 trading days that when EU drops, it leaves a nice long wick on the daily pivots which it was headed towards on the downside on the lower tf!

Below is a snapshot of the lower tf and how the price reacted when it touched a pivot it was heading towards to the down side. You can clearly see that the price headed downward only for it to create a wick and make it's way right back to the pivot which it fell from. I believe if one wants to trade with tight sl, then it is best to do so at daily pivots as that is where you get the clean reversals and engulfs at.
Attached Image (click to enlarge)
Click to Enlarge Name: pivot2.PNG Size: 29 KB

Attached Image (click to enlarge)
Click to Enlarge Name: pivot1.PNG Size: 35 KB
My avatar is the perfect reflection of "social trading".
  • #997,287
  • Jun 3, 2015 11:36pm Jun 3, 2015 11:36pm
Quoting navk
{quote} EU seems to be in O/B in 4 hr. {image}
The 1hr and 4hr have been OB all day. At one point the 4hr, 1hr, 30m and 5m were all OB at the same time and the price held steady.
  • #997,288
  • Jun 3, 2015 11:38pm Jun 3, 2015 11:38pm
Quoting interesting1
{quote} Hello. I'd say that you have taken the trade that most traders have/will have taken. Usually when people see massive spikes, met with accumulation, their first reaction is that the move (in this case the spike up) has lost steam, which of course will make people want to short. Where I am it is still the 3rd of June, so when I say yesterday I am referring to the price action we saw 24 hours ago (Tuesday heading into Wednesday pre-market London) as being the pretty same formation we see on the lower tf, only with a drop only 1 pivot level...


Thanks so much. really appreciated
Happiness can't buy you money
  • #997,289
  • Jun 3, 2015 11:55pm Jun 3, 2015 11:55pm
i will not fight the euro..

will planning to buy again..

right now...i dont see any advantage to buy first..

lets wait for test price...
  • #997,290
  • Jun 4, 2015 12:02am Jun 4, 2015 12:02am
Quoting robertbruce
{quote} The 1hr and 4hr have been OB all day. At one point the 4hr, 1hr, 30m and 5m were all OB at the same time and the price held steady.
Let us watch today. I have taken short at the daily open price.. But stop above 1300.
Intraday only.
  • #997,291
  • Jun 4, 2015 12:03am Jun 4, 2015 12:03am
Quoting interesting1
{quote} That seems to be the key to lasting in forex, is having a tight stop loss. I honestly don't believe that buying on dips is a bad idea, as long as you are buying at daily pivots. We clearly can see the last 3 trading days that when EU drops, it leaves a nice long wick on the daily pivots which it was headed towards on the downside on the lower tf! Below is a snapshot of the lower tf and how the price reacted when it touched a pivot it was heading towards to the down side. You can clearly see that the price headed downward only for it to create...
A good trader follows his rules, but great trader knows when to break them
  • #997,292
  • Jun 4, 2015 12:05am Jun 4, 2015 12:05am
Quoting robertbruce
{quote} The 1hr and 4hr have been OB all day. At one point the 4hr, 1hr, 30m and 5m were all OB at the same time and the price held steady.
And I do not see o/b in my 4 hr or 1 hr chart all day today. Only NY session had o/b scenario in 4 hr chart today as you see in my chart.
Intraday only.
  • #997,293
  • Jun 4, 2015 12:16am Jun 4, 2015 12:16am
Quoting ill_be_back
{quote} SHORT GJ at 190.858 SL 190.958
And moving DOWN
A good trader follows his rules, but great trader knows when to break them
  • #997,294
  • Jun 4, 2015 12:17am Jun 4, 2015 12:17am
Quoting Ken A
Open your chart 1.1286x is there no delicate secret .............. {image}
an hit 0895 now,
those who can, do. those who cant, talk about those who can
  • #997,295
  • Jun 4, 2015 12:22am Jun 4, 2015 12:22am
Quoting gatorinla
{quote} an hit 0895 now,
Saw that ....... but missed it

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 58 KB
  • #997,296
  • Jun 4, 2015 12:30am Jun 4, 2015 12:30am
Quoting Ken A
{quote} Saw that ....... but missed it {image}
i had a pending and closed it a week back
those who can, do. those who cant, talk about those who can
  • #997,297
  • Jun 4, 2015 12:36am Jun 4, 2015 12:36am
Quoting 21vs7
{quote} my bad...7770 to 784x
s/o -30
  • #997,298
  • Jun 4, 2015 12:37am Jun 4, 2015 12:37am
Quoting gatorinla
{quote} i had a pending and closed it a week back
AN may go higher as NU is looking to aim at .69x since the last Fonterra forcast
  • #997,299
  • Jun 4, 2015 12:39am Jun 4, 2015 12:39am
what do you think the bottom for aussie is for today? i am seeing it "hovering" around .773 where i would have seen it well below .77...even at .75(mid to high) area
  • #997,300
  • Jun 4, 2015 1:02am Jun 4, 2015 1:02am
Quoting ill_be_back
{quote} SHORT GJ at 190.858 SL 190.958
OUT at 190.596
A good trader follows his rules, but great trader knows when to break them
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