Daily EUR/USD trades

Quote from Buy1Sell2:

Who's they, pigheaded sucker? --
(Clint Eastwood)
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Not sure what you meant by that... anyways 2 ticks off. Shoot me ... not bad for a call though, especially in a dive like that. Should move a bit higher hit resistance and retest the zone. That test will determine whether this is a bottom or not.
 
you gotta remember all markets are fairly thin right now so stops could run a bit further then usual. That is probably what happened in the case of my 5 tick stop.
 
My gut feeling, which is based on TA is telling me that EUR/USD has topped, not just today, but has put in a top @ 1.3360 area, perhaps intermediately. It's heading south IMO, so does EUR/AUD.
 
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
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Heres a visualization of the trade. If it can get above those pink zones then most likely get a move to retest the high. At this point I see the euro pulling back at those pink zones retesting the low and possibly moving to the next blue zone before getting a good rally. If the inital zone holds, could see a nice move.
 

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Quote from apex82:

Heres a visualization of the trade. If it can get above those pink zones then most likely get a move to retest the high. At this point I see the euro pulling back at those pink zones retesting the low and possibly moving to the next blue zone before getting a good rally. If the inital zone holds, could see a nice move.
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my annotated charts resemble a picture drawn by a 2 year old in comparison to yours
 
Just use the pink line and buy every time it crosses to the upside and sell every time it crosses below. Add to position every 3rd time until you have a winner. The losses will be small because your stop outs will be just the other side of the line. This is not a joke--I am serious.
 
Quote from romik:

my annotated charts resemble a picture drawn by a 2 year old in comparison to yours
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Whatever works for you is the way you should do it. I like to keep it fairly simple and use robust methodology that allows for me to get in with precise to the tick entries reaping high rewards with minimum 70% expectancy. Illiquid, not quite sure what you are trying to say with that statement....
 
Quote from illiquid:

Just that some of you sound really myopic, to each his own time frame I guess.
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what is your longer term view on EUR/USD? thanks
 
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