Search results

Possibly PaulRon, I think at this stage it's more of a correction than a reversal given the size of the moves the bullish dollar made. From my charting, an official reversal would start at 1.5300 on the eur/usd. I see another test of 4600 more likely than the first correction target of...

eu/usd short@4785 Target@4650 stop@4815

stopped out...ggrrrr....on to the next trade.

yes it was a thing of beauty. and if one is to teach how does a double top look like and responds that would be it.

short eur/usd @4750 stop@4775 target@4540 also if resistance is broken, i have an entry @4780 target@4820 stop@4760

stopped out for -20 pips looking for reset of short, will sell a failure around 4750

eur/usd short@4692 stop@4712 target@4540

I agree, I don't see much clarity at this point on the eur/usd. Atleast anything i feel comfortable with. No pip hunting at the moment, it's more stalking pips before the big hunt gets on the way again.

FX, great summation of what is needed and I totally concur. The only one thing that I wish I have done differently was find a good mentor. That would help any starting trader greatly!!! However, all the other aspects of learning Forex I wouldn't change, I truly believe becoming a good Forex...

stopped out on retest of short. should of went with gut feeling to do an long entry with a trailing stop, but i didn't. lets see how things shape up for later today -27 pips is not bad if im gonna have 2 losers in a row

short trade stopped out @4899 reset of short @4889 stop@4899 target 4800

short eur/usd @4882 target@4800 stop@4899 somewhat risky, but I like the channel i see, i will reverse positions if breaks out of channel. I see more short potential than long and its smarter to go with the major trend which is bullish dollar

Thanks Ivan!!! It's trading day 10 since you started this thread Ivan, how is the Ivan score holding up? My current 10 day trading status previous 7 trade totals http://www.elitetrader.com/vb/showthread.php?s=&threadid=132941&perpage=6&pagenumber=13 trade 8 61 pips...

closed short eur/usd trade@4893 for 72pips

entry hit on short, long entry deleted short stop adjusted to 4960

Since i don't have a clue on how the market going to shape up today. I am working a long and short entry. Long eur/usd @5020 stop@4999 target @5100 Short eur/usd @4965 Stop @4985 target@4850

For me, good thing this doesn't happen to often. I was on the wrong side of eur/usd at 5300 just when I was getting in a grove. It was like looking at a beautiful woman, then someone squirts vinegar in your eyes, then she says look, im naked! I didn't see this big a drop comming. And my...

I can admit when I'm wrong, we have seen the top of the euro. Atleast for the time being. Euro and US economies are hurting right now and oil is the only thing saving the dollar right now.

I got hammered out on that last support of 5300 trying to buy a bounce or small correction on that pair. My best guess of what is happening is the big money players are unwinding their short positions on the dollar and buying the dollar. I know oil has dropped over the last week or so. But...

PaulRon, It was bound to happen sooner or later and we just got caught. I know one thing I learned, never ever ever never ever again trade a large stop near a support or resitance line.