Intraday EUR/USD Trades

C

Compounding

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Just to paint a vivid picture of the trades, the market data I use comes from Interbankfx. It appears the EUR is testing the 1.3635 support and might break it. Im long at 1.3638 with a S/L at 1.3630. 1.3630 is next intraday support level. Im posting these trades public because it help with the physcology of trading the markets...also this is a new technique that im testing and im hoping it works.

Trade 1:
Long: 1.3638
S/L: 1.3630
Target: Open
 
Intraday resistance was just tested at 1.3644, but did not break. The support at 1.3635 was also tested, but did not break. We appear to be in a range for now with 1.3644 resistance and 1.3635 support. My bias is for the upside, but time will surely tell....

Trade 1:
Long: 1.3638
S/L: 1.3630
Target: Open
 
1.3635 support has been tested 4 and a 1/2 times during the last 4hrs. The support level IMO appears to be strong, but even if it breaks 1.3630 is just below. A slight breaching of the 1.3635 support level still won't constitute me going short...


Trade 1:
Long: 1.3638
S/L: 1.3630
Target: Open
 
SL moved to 1 pip below new session support at 1.3633.... Any lettering after the word "Trade 1" indicates that the trade has been modified. Either a change in the target or SL..The lowest letter "A" indicates that the trade has been modified once "B" twice and so on..and so one...


Trade 1: A
Long: 1.3638
S/L: 1.3633
Target: Open
 
Intraday resistance coming in at 1.3644/46, if my hypothesis of the momentum currently is correct, then these levels will be taken out..


Trade 1: A
Long: 1.3638
S/L: 1.3633
Target: Open
 
Resistance at 1.3644 was tested and held. We are still in the intraday 1.3634/35-1.3644/46 range with bias toward the upside..

Trade 1: B
Long: 1.3638
S/L: 1.3636
Target: Open
 
The pair appears to be letting go of some downside steam....The bullish momentum in the pair should be getting stronger as we are prepared to breach the 1.3644/46 levels. I believe the support of 1.3634/35 might get tested again, if not the pair should come very close to testing those levels. S/L moved to 1.3630 as a last stand....If the the pair touches these level I no longer need the trade....



Trade 1: D
Long: 1.3638
S/L: 1.3630
Target: Open
 
jacinto said:
i think you will be stopped out in the next 8 minutes
Click to expand...


Might.. :)....but i don't think so. lest I would not be in the trade. I have 7 minutes to see..


Trade 1: D
Long: 1.3638
S/L: 1.3630
Target: Open
 
sorry, i didnt want to come across as rude, and i dont intend my comments to make you move your stops.

i still think you will be stopped out though. suitable stop for that long is below 20. i wouldnt take that long myself, but well, as stated above, dont pay attention to my comments

good luck

j
 
jacinto said:
sorry, i didnt want to come across as rude, and i dont intend my comments to make you move your stops.

i still think you will be stopped out though. suitable stop for that long is below 20. i wouldnt take that long myself, but well, as stated above, dont pay attention to my comments

good luck

j
Click to expand...

:) .. Your comment's didn't make me move my stop. I was in the process of typing, and when I finished I saw your post. I make my own decisions when it comes to trading. Sorry, but no influence here... :)
 
Points to note

When trading asia session ...trade asia pairs
When in a fast moving market ...stops will be hit before you can say ..."bugger", my stop got hit....or worse...it did'nt trigger...gapped through it.

I'm off to bed...what do I know ..have fun
 
jacinto said:
i think you will be stopped out in the next 8 minutes
Click to expand...

One: 8min is up. I didn't get stoped out. That's always good.

Two: My old S/L from Trade 1 C of 1.3633 didn't get touch. This is interbankfx market data BTW.


Trade 1: D
Long: 1.3638
S/L: 1.3630
Target: Open
 
Compounding said:
One: 8min is up. I didn't get stoped out. That's always good.

Two: My old S/L from Trade 1 C of 1.3633 didn't get touch. This is interbankfx market data BTW.


Trade 1: D
Long: 1.3638
S/L: 1.3630
Target: Open
Click to expand...


Your playing Russian roulette. Not trading. Hope your not really serious, hope it’s not real money.

That’s not trading, that’s not a system, its financial suicide.
 
The Pearl Fisher said:
Your playing Russian roulette. Not trading. Hope your not really serious, hope it’s not real money.

That’s not trading, that’s not a system, its financial suicide.
Click to expand...

One: Do you know my trading technique, experience, or style? Stranger??

Two: Who are you? Do you have a trading journal? What is your track record? Im trying to establish mine..

Three: The word "trading" means different things to different people. And there are many different trading systems out there. Does it matter if I use a trading system or not? The point of trading is to make money....

Four: Look guy, Im open at 1.3638 with a S/L of 8 pips. Hardly financial suicide. What are your current open positions? Where is your journal?

Lastly: Who are you???? :)
 
Support at 1.3634/35 is being tested again for the 5th time in 5hrs. It just won't break. This is good confirmation for my long trade.....


Trade 1: D
Long: 1.3638
S/L: 1.3630
Target: Open
 
Compounding said:
One: Do you know my trading technique, experience, or style? Stranger??

Two: Who are you? Do you have a trading journal? What is your track record? Im trying to establish mine..

Three: The word "trading" means different things to different people. And there are many different trading systems out there. Does it matter if I use a trading system or not? The point of trading is to make money....

Four: Look guy, Im open at 1.3638 with a S/L of 8 pips. Hardly financial suicide. What are your current open positions? Where is your journal?

Lastly: Who are you???? :)
Click to expand...

I will bid you goodnight.
 
The Pearl Fisher said:
I will bid you goodnight.
Click to expand...


Just had a little run through your "Journal". To me I don't even consider you a trader according to what i've read. You've got S/L's at 51 pips. I've got S/L's at 8 pips, so who's more at risk of financial suicide? Our trading styles are different. And BTW I don't consider what you have over there as a "Journal", it's more of a "Lounge". And oh, did I mention I don't consider you a trader? Sorry.


Trade 1: D
Long: 1.3638
S/L: 1.3630
Target: Open
 
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