Eur/usd

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christhetrader

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Hi all I'm Chris, a newbie to this forum....wanted to share some ideas as well as cultivate some from this site.....I've Short EUR/USD since 1.4478...thinking about holding on for a little longer and was wondering if anyone had ideas if we might enter 14200 area again....any ideas guys?

Thanks in advance
 
christhetrader said:
Hi all I'm Chris, a newbie to this forum....wanted to share some ideas as well as cultivate some from this site.....I've Short EUR/USD since 1.4478...thinking about holding on for a little longer and was wondering if anyone had ideas if we might enter 14200 area again....any ideas guys?

Thanks in advance
Click to expand...

It may be a good idea if you would post a chart and show your decision making criteria.
 
christhetrader said:
Hi all I'm Chris, a newbie to this forum....wanted to share some ideas as well as cultivate some from this site.....I've Short EUR/USD since 1.4478...thinking about holding on for a little longer and was wondering if anyone had ideas if we might enter 14200 area again....any ideas guys?

Thanks in advance
Click to expand...

How long have you already hold this position?
 
Joseff said:
How long have you already hold this position?
Click to expand...

Since Tuesday afternoon,,,,I'm ended up going to a different part of the Forum, otherwise I would of replied asap....just getting use to the layout of the site etc..Glad to know someone else might be on the same page....I've taken my profit and I'm thinking to short around 1.4376 as I'm hoping that it still has a little more to go perhaps 1st target 14268 to cut half position then run for another 50 odd pips to around 14220....however the hourly looks like a reversal..maybe a hammer forming..expected that we could retrace up to 14400 level with a few week candles on the way up...would be interested in any thoughts or ideas please guys

Thanks in advance
 
I dont see this going down very much. This is what I am seeing. On a Daily chart you will find a potential Pin Bar forming signaling a buy. The only good thing I see for a short is that right now price is prime for the IT Cross Setup. This setup involves using the middle BB and an EMA which is the purple line on my chart below. Whenever price is in between the two the signals a buy/sell. Right now that is indicating sell which I have on right now. I think a big determiner will be what happens tomorrow.

 
Hi PipSurfer,

Thanks for the reply, very informative and appreciated....hope you kept the short as it looks like the dollar got smashed in today's trading....a sea of red for dollar pairs across my currency watchlist....Ill post my up-coming trades on Sunday night if your interested....have a good weekend!:)!

Chris
 
pipsurfer56 said:
I dont see this going down very much. This is what I am seeing. On a Daily chart you will find a potential Pin Bar forming signaling a buy. The only good thing I see for a short is that right now price is prime for the IT Cross Setup. This setup involves using the middle BB and an EMA which is the purple line on my chart below. Whenever price is in between the two the signals a buy/sell. Right now that is indicating sell which I have on right now. I think a big determiner will be what happens tomorrow.

Click to expand...

I did get in on the short. I got in at 1.434 and got out at 1.4250. It was not a huge profit but a profit none the less. I was using a Daily chart but was looking at a few other time frames and it just looked over extended so I got out.
 
Hi all,

Here's a trade idea I'd like to share, constructive criticism welcomed...always open to new ideas.

EUR/USD

Long @ 1.4202
Stop @ 1.4152
Target 1.4350

Chris
 
Hi Chris...I just deleted an identical post on a new thread you started. Are you ok with posting to this thread? Anything I can do to help ?
 
christhetrader said:
Hi all,

Here's a trade idea I'd like to share, constructive criticism welcomed...always open to new ideas.

EUR/USD

Long @ 1.4202
Stop @ 1.4152
Target 1.4350

Chris
Click to expand...

hi mate

i would say that your stop is in a pretty easy place to take out because it's just outside the sideways triangly thing.

:)
 
Gbp/usd trade idea

Hi all,
Here's a trade idea I'd like to share, constructive criticism welcomed...always open to new ideas

GBP/USD

Long @ 1.5995
STOP @ 1.5945
TARGET @ 16150

Chris
 
Pretty wide stops there. What's your account size and what lot size are you doing?

Well I say wide, it's wide for me, I guess to some 50 pips is a walk in the park, but like I say, account size and lot size you're trading would shed some light on the matter
 
Sang Froid said:
Pretty wide stops there. What's your account size and what lot size are you doing?

Well I say wide, it's wide for me, I guess to some 50 pips is a walk in the park, but like I say, account size and lot size you're trading would shed some light on the matter
Click to expand...

Hi There,

Sorry for late reply....but was watching my stop loss on EUR/USD about to be smashed so though I'd come out a few pips early and have been looking for other trades since....Here's what I've come up with:

Long from here at 14038
Stop Loss at 1378
Target 14228

Chris
 
christhetrader said:
Hi There,

Sorry for late reply....but was watching my stop loss on EUR/USD about to be smashed so though I'd come out a few pips early and have been looking for other trades since....Here's what I've come up with:

Long from here at 14038
Stop Loss at 1378
Target 14228

Chris
Click to expand...

Have you placed that trade? Why don't you have a quick look at what cable is doing first? The two tend to follow each other, perhaps cable hasn't quite finished it's sell off yet... maybe, perhaps, just an idea
 
Hi Sang Froid,

Looked at Cable...also in a downtrend...Thanks for the swift reply....I understand that my trades probably seems reckless in hindsight....but I've been doing OK so far....my stops are always there....I feel that we have reached a serious bottom to reverse now only problem is that the hourly showing a week candle-up....so it may break south with the trend....but I keep running into your school of thought all the time....I can't deny that those with trends make money....they must do!!!...but on the other side many get hurt with swings and reversals....filling there preferred stops...although I'm always open to new ideas so I'm happy to enrich myself with any suggestions/feedback etc...

Chris
 
Hey listen I'm no guru trust me.... in fact you should do the exact opposite of what I tell you to do and you'll be fine. All I'm gonna say is, it seems like you're trying to pick tops and bottoms of trends... which is very very hard to do. I used to try and do the same by counter trend trading but I found more often than not to be on the wrong side.

You say you always have your stops there but man are they wide, hey, I'll shut up now I hate it when people try and tell other people how to trade, I'm not trying to run you into the ground I'm sure your system is working for you, if it is then keep going dude.

I guess I just wanted to say.... always trade WITH the trend... not against it ;)
 
Watch cable around this 1.5900 mark

round numbers are always one to watch, if it goes below this then eur will follow I'm sure, might be an idea to look for a quick short around this area ;)

**edit

well looks like cable is gonna end up ranging most of the asian session, plus I've had a few too many drinks now to be trading, that'll keep for tomorrow I reckon

happy trading
 
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