PRICE ACTION

PRICE ACTION

wtorek, 29 stycznia 2013

Taking short towards 1,3390-1,3385...
Outlook for the next couple days.
Possible morket movers this week:
-Wednesday - Fed rate decision
-Friday - NFP
We don't really have a reason to break out before those fundamental events occure fueling the move either up or down.
Today - preffered play is range 1,3425-1,3480, with a bit of a short bias towards 1,3390.
I see the price being around 1,3480 or 1,3390 about 7pm GMT on Wednesday - ready for a move.

środa, 23 stycznia 2013

Scenerios and places where I'm gonna be looking to take adventage of  EURUSD.
Trade from last evening closed partially in the morning for 0,2% profit. Holding the rest of it on BE for additional 0,4%.

poniedziałek, 21 stycznia 2013

Daytrading summary:
We are still in the range waiting for BO which I'm sure is going to happend tomorrow, or maybe even during Asian session.
Today: one trade - partial TP +0,2%, rest miss the target by 3 pips, then got out @ BE - unfortunate - 1 pip - to go back and reach the target.
Lesson - too greedy TP 2 + lack off attention, as I couldn't babysit my trade - not sure if that would help anyway.

niedziela, 20 stycznia 2013

Waiting for a setup on EURUSD.
Longs still in play above 1,3335.
Possible double top formation on H4, but close below 1,3240 on D1 needed.

czwartek, 17 stycznia 2013

Just a view...
Fixed view...
Have a good Friday :)
Trading day summary:
Nicly taken momentum trade @1,3303 brought fast 0,4% profit.
We had a nice long entry around 6am in the morning @ around 1,3280.
Another great trade came @ the top of european session,at the time of US morning news 1:30pm GMT - I didn't participate, but should. Couldn't be there @ right time to make good analysis - sometimes gotta do something else... responsibilities :)

środa, 16 stycznia 2013

EURUSD consolidation trades.
Looking at higher TFs we are in the uptrend.
Trade consolidation until break out.
If BO to the upside look for test of 1,3405 and then 1,3500
Next support on the downside 1,3170-1,3140
Trading day summary:
Once took short @ 1,329 and then 1,3277 I started to have bias - short.
That caused me to miss long trade @double bottom @ 1,3260.
Same thing happened @ 1,3320.
Missed to good trades that could give over 1% of profit.
Today's profit from 2 scalps was +0,37%

wtorek, 15 stycznia 2013

View @ today's price action...
Missed long @ 1,3275 - too early... not ready...
BE on short @ 1,3292 - too fast BE...
Bias - short - trying not to have a bias... just PA
Trading day summary:
Morning short came out ok +0,2% - partial TP , then BE.
I think, my short bias didn't let me take long @ 1,3335 - mistake.
Short @ 1,3380 worked very good (+0,67%), but taking that trade you had to keep in mind EURUSD can go as far as 1,3390-1,3405 before reversing. With that in mind try to enter short as high as possible, after PA confirmation, and keep SL tight. Now if PA will show really good pattern/chance I'm looking for a short @ 1,3335-1,3345.
After breaking through support @ around 1,3330 I took short on retracement to 1,3335 and additionaly around 1,3350 at the retest of also broken trendline. Thanks to Juncker I didn't have to wait till tomorrow for TP. Thanks "Junkers" for warming the market up ! (+0,35%).
This week gains: +1,28%
Today: +1,18%
Aim/week = 3% (1,72% left)
EURUSD daytrading setups for short term trades.
Morning short @ 1,3359 produced 0,2% profit because of partial TP - partial BE.

poniedziałek, 14 stycznia 2013

Trading day summary:
Yellow lines mark possible trades to take.
Instead of holding on to long trade @ 1,338 I should have reversed it to a short @ 1,3375-80.
Second trade was taken too low and got SL at the top where the trade was entered again after setup.
Third trade was profitable.
Fourth trade was easy to take... as long as you're ready for it in front of a computer. Missed opportunity for me.

niedziela, 13 stycznia 2013

Short term daytrading view.
Long @ 1,338 with TP 1,34
Looking for a short between 1,3400-1,3410
Another SR to look for a short trade @ 1,3435
Still long trades prefered over shorts, but we are in very over extended situation, and correction can be expected - just needs something to be triggered.
Safe bet - take shorts after TL BO, instead of shorting new highs - personal preference - it all depends on price action.

poniedziałek, 7 stycznia 2013

What to do after today's EURUSD rally?
Shorts in play below 1.3125
Longs above 1.3125, or even 1.3175 - which is my prefered level