EUR/USD

Jun 17, 2012 at 11:03
207,978 Views
9,790 Replies
stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 19, 2012 at 20:01
yes there is MA cross at your chart which is matching with my fibo level of ~1.3043 that level need watching ;)

EA saved itself. good.

walker.

lenjive posted:
i agree with the prediction, BUT im holding off being short at the moment as im not so sure the market has enough power to dip below the 1.3050 support level, going to wait and see. EDIT my 20,50 &100 MA's are all comming in into the 1.3050 area on the M15 chart now too, the 200 just above

if 1.3030 arrives, then ill try long again,

oh, PS., one good thing today is i managed to full hedge my EA shorts whilst we touched 1.2995, that alone has saved me an additional 7%DD today ;), that has put me at rest a little
lenjive
forex_trader_73420
Member Since Apr 14, 2012   127 posts
Sep 19, 2012 at 20:16
things are adding up for a bounce up @ 1.3030,

well in my head any ways :)

stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 19, 2012 at 20:22 (edited Sep 19, 2012 at 20:22)
my level for bounce is 1.3033

same as your forecast.

watch 1.3043 carefully. it rejected once.


lenjive posted:
things are adding up for a bounce up @ 1.3030,

well in my head any ways :)

stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 19, 2012 at 21:08
20-09-2012 rollover



stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 19, 2012 at 21:14
see you tomorrow

walker.
Member Since Jan 29, 2010   15 posts
Sep 19, 2012 at 21:19
I see now first short towards pivot, which I have @ 1.30413
trading is easy, keeping the profits is difficult
lenjive
forex_trader_73420
Member Since Apr 14, 2012   127 posts
Sep 19, 2012 at 21:21
that it is,

i think you will do quite well with that short, waiting to see what happens here, looks interesting with BB's on M15 with the 1.3043 level coming into play


 

stevewalker posted:
there is a critical level of 1.3047/3043
it can reject from that level.

watching closly.

walker.
lenjive
forex_trader_73420
Member Since Apr 14, 2012   127 posts
Sep 19, 2012 at 21:24
stevewalker posted:
see you tomorrow

walker.

speak tomorrow, lets get some pips!
stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 07:54
good day

1 short winner
1 long looser

as said yesterday , I do not like pending orders. if I would see the action %70 would not enter that long.
so shouldbe more carefull when using pendig.

walker.
lenjive
forex_trader_73420
Member Since Apr 14, 2012   127 posts
Sep 20, 2012 at 07:57
i have also lost my longs, currently trying to determin trend yet,
stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 07:59 (edited Sep 20, 2012 at 08:00)
1.3043 hold & rezist 2 times before down move.

funny thing is main support 1.3030 has did nothing.

walker.

lenjive posted:

that it is,

i think you will do quite well with that short, waiting to see what happens here, looks interesting with BB's on M15 with the 1.3043 level coming into play


 

stevewalker posted:
there is a critical level of 1.3047/3043
it can reject from that level.

watching closly.

walker.
stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 08:01


stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 08:02
yes that move against our plan & should build a new one.

walker.

lenjive posted:
i have also lost my longs, currently trying to determin trend yet,
stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 08:04
the action did not surprized me due this is commonly seen action.

but what surprize me is that is happened when price was in a strong bullish move.

or may be the bullish move ended??

walker.
stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 08:06
there is a big down gap at daily chart.

there is only 1.2820 then 1.2725

any idea?

walker
Member Since Jan 29, 2010   15 posts
Sep 20, 2012 at 08:10
expectations of the Big Boys have been ALL the time that EU will hit 1.16 by end of this year, I expect that still to happen if you look at the higher TF charts.
This is NOT a change in direction, just a strong retracement, EU is still in a downtrend
trading is easy, keeping the profits is difficult
stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 08:11
when I was going to sleep it was boucing on 1.3043
in the morning it is bouncing on 1.2933

huh....
stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 08:13
I was expecting the same thing. but 1.20x is the %50 fibo level of since euro relesed means 1999

so I was expecting a touch to 1.35x area before breaking that level



FreddyFX posted:
expectations of the Big Boys have been ALL the time that EU will hit 1.16 by end of this year, I expect that still to happen if you look at the higher TF charts.
This is NOT a change in direction, just a strong retracement, EU is still in a downtrend
stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 08:17 (edited Sep 20, 2012 at 08:18)
to be honest I am still not expecting the breaking 1.299x level on daily chart.

so today I will WAIT and see if daily will break that level or not. ( close below that level at daily )

and trade with 1 min chart

walker.

PS : sometimes not trading is more profitable then trading!

stevewalker
forex_trader_79941
Member Since Jun 06, 2012   1439 posts
Sep 20, 2012 at 08:20 (edited Sep 20, 2012 at 08:21)
when you look at 15 min chart at my last chart post price had been carried down in a channel with giving no chance to reverse move. for me this is a planned move.

so we should wait and see.

walker.


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