Imagine H&S on H4 and remember they are trend reversal formations as much as they are strong trend continuation formations. My POIs are all on the chart. Watch for NFP, and if possible scalp some pips after the report.
BTW yesterday trades: 1.2147 long = +30 pips, and 1.2139 long = +12 pips.
Mistakes: missed 1.2297 short entry, and 1.2217 after ECB.
PRICE ACTION
piątek, 3 sierpnia 2012
czwartek, 2 sierpnia 2012
czwartek, 26 lipca 2012
M15 - quick short
Possible entry on M5 - Long (I was waiting for 1.2107) 1.2122 was beautiful to enter though
Then waiting for 1.2227 - got some respect @ 1.2223 - not enough, but it did let you enter long position there.
1.2325 - no question - easy pips
Last photo - possible head and shoulders (double) - Why not?
Possible entry on M5 - Long (I was waiting for 1.2107) 1.2122 was beautiful to enter though
Then waiting for 1.2227 - got some respect @ 1.2223 - not enough, but it did let you enter long position there.
1.2325 - no question - easy pips
Last photo - possible head and shoulders (double) - Why not?
środa, 25 lipca 2012
I missed couple occasions on very short term trades , as EURUSD was bouncing back of SR levels deeply on it's way up. Very nice play of 1.2165 level - blue rectangle on the chart represents volatility zone between 1.2160-80 - additionally rising trendline got hit (of possible broadering formation).
I'm waiting for one of scenarios from the pic above, and will take those levels depending on price action around them.
Next zone of interest on the upside is 1.2210-1.2230, and on the downside is level 1.2070 and 1.2040.
I'm waiting for one of scenarios from the pic above, and will take those levels depending on price action around them.
Next zone of interest on the upside is 1.2210-1.2230, and on the downside is level 1.2070 and 1.2040.
wtorek, 24 lipca 2012
piątek, 20 lipca 2012
It' Friday, so I'm just watching EURUSD.
Unless I see something beautiful I'm gonna pass on trading today.
Long term strategy - quite flustrating - been up 100 pips like 4 times, now waiting for reaction as we consolidating in something like triangle and still can go up or down.
It is the moment when a lot of participants may give up - and we'll see the move.
Still Friday is unpredictable and stoploss hunting day, so need to be very careful.
Short and Mid term trading did ok this week, so that helps to kill flustration from Long term strategy results, and keeps my brain healthy.
Unless I see something beautiful I'm gonna pass on trading today.
Long term strategy - quite flustrating - been up 100 pips like 4 times, now waiting for reaction as we consolidating in something like triangle and still can go up or down.
It is the moment when a lot of participants may give up - and we'll see the move.
Still Friday is unpredictable and stoploss hunting day, so need to be very careful.
Short and Mid term trading did ok this week, so that helps to kill flustration from Long term strategy results, and keeps my brain healthy.
wtorek, 17 lipca 2012
This is how I see EURUSD in next couple of days.
Depending on PA around 1.2150 we might see further drop to 1.18, or just stoploss cleaning and a sharp move towards 1.25, but for this kind of move we do usually need some big fundamental catalist.
On the other side 1.2363-1.2407 should be interesting zone to watch as it will be a good value area for Shorts to join the downtrend.
Depending on PA around 1.2150 we might see further drop to 1.18, or just stoploss cleaning and a sharp move towards 1.25, but for this kind of move we do usually need some big fundamental catalist.
On the other side 1.2363-1.2407 should be interesting zone to watch as it will be a good value area for Shorts to join the downtrend.
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