Dollar LONG stance but hold trigger till ...

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Quote from deadbroke:

Call & Trade preparation

Short EURUSD trend following big-pip, duration = months, Trend quality expected = ferocious (10 on a 1-10), entry band = 1.4845 -1.4972, destination = min. 1.2247, likely = 0.8713

trade failure point = canceled if Price > Oct 26 high by even a fractional pip = if so, then instant bad call = trash bin = I won't be offended

Risk = 200+ pips

Reward = huge i.e. many many multiples of Risk

I want to enter 1mL around 200 m.a. also = 50% Fib on 60-min., then gradually scale in 1 mLs if correct.


Thinking: EurUsd's 5-wave drop on 60-min. + ongoing likely 3-wave upmove = Tsunami's signature or footprint = hibernation since March 09 is over.
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Dead you have toooo much stuff on that chart it looks like a "Ball Of Confusion" :D

The Ever Temptation VIPER
 
Dead ... maybe your dollar long strategy will pay off since gold is at/around 1088 ... a lot of news/analysts/traders are saying 1088 is the temporary top

I am definitely going long dollar against the commodity currency majors like the CAD and AUD

GOOOOO US DOLLLLARRRR
 
Quote from TradeViper:

Dead you have toooo much stuff on that chart it looks like a "Ball Of Confusion" :D

The Ever Temptation VIPER
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:D

Tell me more, please. What shouldn't be in it? I've read in various places that good traders go for the minimalist approach, but I've never seen any such chart.

Thanks Viper.
 
Quote from usdoutlaw:

Dead ... maybe your dollar long strategy will pay off since gold is at/around 1088 ... a lot of news/analysts/traders are saying 1088 is the temporary top

I am definitely going long dollar against the commodity currency majors like the CAD and AUD

GOOOOO US DOLLLLARRRR
More...


Thanks outlaw, might get lucky.
 
Quote from deadbroke:

Call & Trade preparation

Short EURUSD trend following big-pip, duration = months, Trend quality expected = ferocious (10 on a 1-10), entry band = 1.4845 -1.4972, destination = min. 1.2247, likely = 0.8713

trade failure point = canceled if Price > Oct 26 high by even a fractional pip = if so, then instant bad call = trash bin = I won't be offended

Risk = 200+ pips

Reward = huge i.e. many many multiples of Risk

I want to enter 1mL around 200 m.a. also = 50% Fib on 60-min., then gradually scale in 1 mLs if correct.

Thinking: EurUsd's 5-wave drop on 60-min. + ongoing likely 3-wave upmove = Tsunami's signature or footprint = hibernation since March 09 is over.

------------------------------------


Will have an updated chart when things clear up on 60-min.
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Quote from deadbroke:

EurUsd short pend 1 mL @ 1.48704 STOP = 1.5062
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pending order canceled

but new market order opened ...

short EurUsd 1mL @ 1.47909 Stop = 1.5062

2 mins. ago.
 
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