Recent content by Compounding

Long: EUR/USD at 1.3752. SL at 1.3737

Exited at 1.3749 for a + 13 pip gain.

Short: EUR/USD at 1.3762. SL at 1.3777

Exited at 1.3754 for a +21 pip gain. Well, I did say the warm-up jacket was off :). That is a tough long Crap Buddist, but you might be able to bank it. Just hang tight.

Short: EUR/USD at 1.3775. SL at 1.3795

Good Trade CB. After some thought I exited my long for yet another 1 pip gain. My timing for those 2 trades were off to begin with, and the position didn't offer me that much leverage over the trade, I just don't feel comfortable with that kind of handicap. I'm on the sidelines until I see...

I suppose :). Good trade BTW Crap Buddist. It seems we are both in the money at the moment, you more than me. Let's see how things progress.

My exit for that short trade which netted me 1 pip was embarrassing. I left so much pips on the table, and to make matters even worse, my timing for this long trade was also off! boy, I really need to sharping up before I start losing money. I'm gonna go ahead and hold long this trade until I'm...

Exited my short at 1.3764 for a 1 pip gain. I believe the dynamics of things has change a tad bit. Long: EUR/USD at 1.3761. SL at 1.3741.

Short: EUR/USD at 1.3766. SL at 1.3786.

It appears that the bull might be getting ready to take it's final breath....the signal is so subtle, I can't really tell for sure, but I might go ahead and take a shot at it! Still analyzing the behavior for now...we'll see if I have pulled the trigger.

IMO, the top that the Pound has might get tested again and even broken. In the next few hours we should all be able to tell. The bull is not dead, yet. A good downmove is on the way I believe, just not now. IMHO Phil, 225 was not a good price to go short; contrarily it is a good price to go...

Lovestoned. ;)

Thanks for the reply. It is good to hear that you do indeed use other methods. The most important tool in TA IMO is the divergence. A lot of traders who use TA miss that importance unfortunately. Price does have structure as one successuful trader pointed out to me so long ago, it was all a...

Just observed your chart wasp, nice. Do you use any other TA? Although your chart was good to look at it made me cringe a little. Do you use any other methods to analyze price behavior? There are some superior methods out there, but if it works well for you then I'm glad for you :). Just curious....