PRICE ACTION

PRICE ACTION

środa, 3 października 2012

EURUSD
Morning session got us to 1.2880 where we took long trade for a 0,5% profit.
Now there is H&S in play. Things to expect:
1. Fake BO to the downside and rally up.
2. BO thru 1.2880 - retracement (entry) and heading down towards 1.2800, and 1.2730.

wtorek, 2 października 2012

EURUSD is not the most awesome pair to trade during today's London session.
Seems it wants to BO to the upside.
I have 1/2 position long @ BE right now.
You could take short right now - it is a nice spot @1.2925. I just decided to take short after breaking 1.2880 level. Additional long position can be open after BO thru 1.2930 (on retracement).
Next strong Resistance @ 1.3050 and @ 1.3150, Support @ 1.2750.

piątek, 21 września 2012

poniedziałek, 10 września 2012

Waiting for Higher Low.
First possibility to join the uptrend is 1.2750.
My much more prefered level for entering long EURUSD is 1.2650 support, where we will see geometric 1:1 retracement to a fibo level 23,6% as additional confluent technicals.

czwartek, 6 września 2012


Can't believe I missed 1.2560... should stay home few more minutes, or just set a pending and ALERT!!! Hate missing nice and easy trades!!!
H4 view on EURUSD.
Waiting for big fundies today and tomorrow.
I will try to take shrt term trades after the mess.
1.2640 - is very important - look @ D1 trend line.

wtorek, 4 września 2012

Opened short @1.2620 with tight SL @1.2635.
If trade fails then another entry @ around 1.2640 - depending on PA it will be long or short.
TP now @ around 1.2580-90.