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We should know if we're good if the 4hr price closes below its own 25x5.

The weekend's EURAUD chart - these are the ones I pay special attention to. This week has closed out and we're now seeing a clear picture of what's what. I'm using 25x5 and 7x5 DMAs. The white line is 25x5. EURAUD is retesting this and if it holds on a daily I'm going to continue/add to my...

my estimation is about the same.... 50-75 pips

DM- what do you think of the short setup?

Check out forex4noobs.com (they've got a good chatroom to help answer Qs) and read the free ebook they offer.

Further EURAUD chart

I don't know the best but I think it moves the most at the end of Europe and beginning of Asia. Check an hourly chart and see what the typical range is at varying times.

EURAUD Another Short opportunity 2hr chart Entry: 1.98+ (I'm in from a range of 1.9675-1.9855) Profit Exit: 1.95 Loss Exit: 1.9950 Triple-top/declining head & shoulders - see chart.

Short EURUSD See Attached Main Idea Trendlines showing significant resistance. Entry: ~1.3275 on avg Profit Exit: 1.3150-1.3175 Loss Exit: 1.3300

I suspect it will but I wanted to sleep easy last night and I'd already taken a couple hundred pips out of it, in addition to a 50pip gain on a 1 hour GBPJPY trade, so I thought it best to close all my positions and take a break. The way EURAUD moves I could have lost my entire gain in 1-2...

Closed up the EURAUD trades for 261, 59, and 7 pip gains. New opportunity: Long GBPJPY Time Frame: 1 day Entry: 132.02 Profit Exit: 132.75 Loss Exit: 131.80 See Attached

I've looked at GBPJPY due to Forex4Noobs.com. They've got an ebook I read (pretty good info) and if I remember correctly they focus on GBPJPY. Haven't looked at the others yet - there's been enough opportunities in GBPUSD, EURAUD, EURUSD, USDCAD to keep me busy. **Trade Update** EURAUD...

Varies from 7 - 15, sometimes up to 20

The spread is horrible. The key is to take trades you're confident in and that have small stops (so you know you're wrong quickly). EURAUD moves so much so fast that the spread hurts a little but not enough to be a detriment. I don't trade this for less than an expected 100+ pip move.

Haha, the pair is extremely volatile which is a blessing and a curse. My ST target is 1.95. Updated chart below. We need that line to break on the close (2hr candles).

Short EURAUD Reasoning on graphic

This thread will be for posting charts of potential idea setups in forex. Please include a chart and your reasoning.

why?

Thanks downriver

Sold 1/2 my position for 179 pips - if it breaks 1.98 on a closing 1hour bar I'm holding the other half - if not I'm closing.