EUR USD Retail Trader

Quote from imran murtaza:

TP at 1.3493
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You short-ed EUR/USD at 1.3456 and yet your take profit is at 1.3493 (37 pips higher than you entry point), how is that even possible??
 
Quote from xelite777:

You short-ed EUR/USD at 1.3456 and yet your take profit is at 1.3493 (37 pips higher than you entry point), how is that even possible??
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Hahaha....sorry...actually...I took short during London Session...I close all short positions. After that I took long upon US session...you could see on my chart attached.
 
Quote from imran murtaza:

Sell@1.34960; TP@1.34560
TAYOR :)
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Sounds like a good trade, you are selling at resistance level and your take profit is reasonable and located at the first support level, good luck.
 
Quote from imran murtaza:

Sell@1.34960; TP@1.34560
TAYOR :)
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Yes, think you have a very high probability of closing this out for a profit at your TP level. Would be curious to know how you selected your profit target. Assuming that level is reached, do you expect it to take out highs at 1.3510 again, or would it be more logical that the market moves lower from that point? If so, do you plan to re-enter short, and if so what would you need to see?

Or do you simply not have enough information to make a call beyond the 1.3456 level?
 
In my opinion the Forex market is not going to move much until the US FOMC meeting (due on Wednesday) is over, so it is going to be booooooooorinnnnng :p

the-rajat-gupta-insider-trading-trial-is-so-boring-that-even-the-judge-is-amazed-the-jurors-are-paying-attention.jpg
 
What's up Imran, nice to see another EUR/USD thread. I am trading on the short side now too, however, I have far longer time horizons. I there is a good chance of a pop up here if only to stop people out into the 1.3550 territory. I am personally gonna use this possibility to add more size. What are ur stops levels or should I assume its the Fibonacci levels?
 
Quote from bhristov:

What's up Imran, nice to see another EUR/USD thread. I am trading on the short side now too, however, I have far longer time horizons. I there is a good chance of a pop up here if only to stop people out into the 1.3550 territory. I am personally gonna use this possibility to add more size. What are ur stops levels or should I assume its the Fibonacci levels?
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So you think the market will retrace to the 50% level before resuming it's move down?

If so, then your end target is 1.3050, right? 500 pt moves down per leg ?

It seems the price action the last 5 weeks looks to be an exact copy of the early-May to mid-July action.

I wasn't watching this market back in July - was the spike up (on the futures chart) due to the rollover or did something happen (FOMC minutes release, for example).

If so, do we get the same spike on Wed from another minutes release?

Interesting times for the next 2-4 weeks. We'll see if the Fibo-50 holds (at the SMA(20) intersection, perhaps) or it breaks through the congestion and keeps going up.

Which market is stronger in spite of its central bank - Europe or the US?
 
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