Daily EUR/USD trades

[illiquid]

Quote from romik:

In an attempt to protect current gains and mostly in light of a classic triple divergence on the 15 min chart I've opened a same size short @ 1.3226 in another account, which if the divergence does not provide reversal will be covered when 15 min chart resolves itself. I will lose some pips if we go higher, but profit all the way if we see reversal to last 2 days price action.

Curious what the point of the second account is, you've just gone flat with the possibility of re-entering on your euro either long higher or short lower via stops. Is it just a psychological thing?

 

[SwingOutOn5]

ouch, what's going on now?

 

[WaveMaster]

Quote from SwingOutOn5:

ouch, what's going on now?

I already explained this.

 

[Surdo]

Look really close!

http://i13.tinypic.com/2ektcv9.jpg

 

[apex82]

wave master you are most likely wrong. They have not run the stops above the 05 highs yet as well as it has not reached the max exhaustion zone. Until then if you want to short, do it with tight stops. It could end up falling from here but most likely it will at least retest the highs. You forgot the classic ABC which was just completed at 1.3051 that I called out prior to the tick so we could easily retest highs before getting a move down like that. After we have reached the zone identified in my thread then I am all game for a 500 pip correction. Nothing is for sure but I am still cautiously bullish.

 

[SwingOutOn5]

i meant newswise. I didn't see the petro pop up until ten minutes later

 

[romik]

Quote from illiquid:

Curious what the point of the second account is, you've just gone flat with the possibility of re-entering on your euro either long higher or short lower via stops. Is it just a psychological thing?

everything is psychological I think it was a good move on my part, so far anyway.

 

[kalzayani]

I think more to go
Placing orders around 1.3150
+ / - 30 Pips
SHould take her up to 1.3270 + / - 30

 

[apex82]

nice place to go long on euro future with stop at 1.3215 ie a 5 tick stop and go for 50+ ticks. A lot of conluence in this area so good probabilty with basically no risk. If not they are taking it down to 1.3203

 

[Buy1Sell2]

Quote from apex82:

nice place to go long on euro future with stop at 1.3215 ie a 5 tick stop and go for 50+ ticks. A lot of conluence in this area so good probabilty with basically no risk. If not they are taking it down to 1.3203

Who's they, pigheaded sucker? --
(Clint Eastwood)