Daily EUR/USD trades

Quote from Ivanovich:

Will comment on the charts in a little, but beware - the jawboning has begun.
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Yes, I am looking at the shorter frame charts today and we are in 'congestion zone', what worried me is that hourly indicators are declining when price remains relatively unchanged, it can either mean that longer frames will prevail (bull mode) or hourly will trigger a pullback, therefore my decision to be flat at the moment is justified by an uncertainty factor, hence my decision to enter a Long trade (just for today) if 1.3136 is broken, at least then I will have a better chance to have a better R:R.
 
Quote from romik:

Yes, I am looking at the shorter frame charts today and we are in 'congestion zone', what worried me is that hourly indicators are declining when price remains relatively unchanged, it can either mean that longer frames will prevail (bull mode) or hourly will trigger a pullback, therefore my decision to be flat at the moment is justified by an uncertainty factor, hence my decision to enter a Long trade (just for today) if 1.3136 is broken, at least then I will have a better chance to have a better R:R.
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Here is a 15 chart, 1.3086-1.3154 congestion. Ascending triangle From Fri till now 2 horizontal lines and a top line @ 1.3137 or higher @ 1.1354. Ignore 1.3105 line.
 

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Quote from romik:

I would be very interested to hear other traders comments on the 3 charts posted earlier on, even if you do not trade cash :D
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They can be easily uploaded, and quite clear to see as well. Very nice charts indeed. :)
 
Quote from OddTrader:

They can be easily uploaded, and quite clear to see as well. Very nice charts indeed. :)
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I am glad you finally upgraded your monitor and a dial-up ISP :)
 
Quote from romik:

I am glad you finally upgraded your monitor and a dial-up ISP :)
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Yes, that's true. It took me fairly long time to save enough money with the tiny profits trading FX. Of course you know that well. :cool:
 
Quote from OddTrader:

Yes, that's true. It took me fairly long time to save enough money with the tiny profits trading FX. Of course you know that well. :cool:
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That's because you need to be an Australian, you're trading the wrong FX, it's obvious.
 

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Quote from romik:

..., therefore my decision to be flat at the moment is justified by an uncertainty factor, ...
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So you're watching the market, instead of trading it. :D
 
Quote from OddTrader:

So you're watching the market, instead of trading it. :D
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Stop clattering the thread with funny mambo jumbo OldTimer :D

And in regards to watching vs trading (right now) I can only say one word - 4play, gotta be ready for it, know what I mean?

At the moment swingin' Long EURO/USD and for today Long ESZ6. I just don't want to short strength. I need either the right level to be broken or a long signal on hourly/15 min frames, otherwise I'll sit and watch :)
 
Quote from romik:

Stop clattering the thread with funny mambo jumbo OldTimer :D
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... Perhaps you don't have to use too many charts of different time frames, such as a yearly one, to justify your hidden agenda of not trading actitively. Good strategy! :)

PS: Keep watching. Bye! :)
 
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