Jason's EUR-USD

[hwsteele]

Had a nice top in the market at the 1:00AM bar/candle then the market moved a full 100 pips back in the direction of the market. Made an easy 50 pips on that trade while I was sleeping. Ok so I was awake to enter the trade but then went to sleep!
Next time frame to look at is around noon today.

 

[pssonice]

u "Made an easy 50 pips" where is your call? No call no trade!

Liar?

 

[hwsteele]

Re: u "Made an easy 50 pips" where is your call? No call no trade!

Liar?

You're right it was an easy 57 pips.

I have no reason to lie.
As far as a call goes I called the time I would look at the market to make a trade if there was one there. I saw what I needed and made the trade.

Take it or leave it

 

[pssonice]

this is a time-serie of calls. easy to find, easy to read

1506 EURUSD +12550 ... bottom
1545 EURUSD +12561 ... no top
1625 EURUSD +12566 ... no top, R.exp.4.NOW!
1633 EURUSD +12573 ... no top, as.exp.
1638 EURUSD +12583 ... no top

 

[hwsteele]

Could see the market break out to the down side again just waiting at this point.
1 to 2 AM is the next time frame I could look at if I am up!!
If it does make a bit of a break to the down side there is some nice support about 50 pips away.

 

[vinicius]

shorted it at 1.2594.. looking for a break of 12540..

Are you in or sleeping already?

 

[hwsteele]

shorted it at 1.2594.. looking for a break of 12540..

Are you in or sleeping already?

I went short at 1.2584 so you bested me by 10 pips or so!

 

[vinicius]

closed and went long eur at 1.2523

 

[vinicius]

How are you doing hwsteele?

 

[hwsteele]

Good!
I got out of the trade yesterday at 1.2525 so I made some nice coin on that one.
I was asleep for the nice move back down after the pull back so I missed that one.
I was too tired to wake up and be an effective trader but the market did make its move when forecast. Stupid sleep! I am done for the week and will be back at it on Sunday late afternoon.

 

[vinicius]

Enjoy the weekend then..

I closed as well at 12523 and went long for 20+.. Missed the move down too, went to bed early. Is freezing here..

I will try a small long at the lows of 2008, lets see if I can get a pullback..

 

[hwsteele]

All right I am back and am looking for a move around 3 AM tomorrow morning.
Might be up to trade that. Maybe

 

[hwsteele]

OK, so three in the morning my time was the perfect setup. And guess what that means...
That's right I was sound asleep in bed and missed it!

As the chart shows the 3AM time was a beautiful retest/pull back to the low made around six my time the day before.
Had every thing I like to see. A higher low with the pull back. Those beautiful long tails, the round number support.
Then a nice "little" 200 pip move.
Oh well...


The next time frames I have to look for are around 3 PM today and then 11PM tonight.
I will be out for the 3PM one so it looks like 11 will be my next shot at a trade.

 

[hwsteele]

A quick side note I believe wheat is ready to make a move to the upside for a little while.
I know it's not forex but hey what can I say!

 

[hwsteele]

Well the first move topped in the 4PM hour and then 11PM turn showed up in the midnight hour so everything was off by an hour yesterday

Today it looks like 4PM and then 9PM might be good times to watch.

 

[hwsteele]

So I have been mostly busy with things that don't involve trading, with but a few exceptions.
So now I am back for the next couple of weeks at least with no more vacations, birthdays, planned until the 4th of July.

The next two time frames I will be looking at are 9-10PM tonight and 4AM tomorrow.
We will see if I am up for the second.

 

[hwsteele]

So the 9PM move did not net much other than about 20-25 pips counter trend.
BUT
The 4AM move was good for a nice and easy 50 pips counter trend.

 

[hwsteele]

Oops forgot to say the next time frame is 1AM tomorrow.

 

[hwsteele]

So the 1 AM candle was the top of the retracement and then the market turned back in the direction of the trend.
A beautiful trade as the price moved up to the round number 1.2300 and then back down 75 pips or so.
Next time frame is 12:00AM tonight.