Captain: i am looking at a daily EURUSD chart i have it tight together, am looking at a stiletto form ,i think you told us what that meant could you repeat . please. is that a kicker we had today?. thanks
I think, it was the last jumping at the end of the year..
My short unluckily was stopped near 1.3770, But I manage to short pair almost from 1.3770 on 11.22. I still holding this short. On this week I have closed one from 1.3450. As my stop near 1.3460 was activated, and I luckily came short once more. Also was shorting cable, but very very missed my super long term short from 1.62 which was stopeed. Yesterday open one more short from 1.3250. So just to sum up structer looks bearish. Very good that we travelled above 1.32 to stop crowed on shorting the pair, even two weeks traders with projections on every pip was shorting. But we should travel below 1.30 to support bearish view. If not than longer range will be against So just to sum up. Short from 1.3250 have stop around 1.3240 with open target near to 1.3026, ideally I would not be greedy, fully understanding that my lovely short from 1.3770 will pay out with orthodox target of 1.2780. This is first year of positive impressive pips balance in my account. Will develop some short term trading tactics in New Year, also plan to investigate options in forex, as long term trading was perfect for me. Wish all of us who helped me with the analysis good luck in new year, and believe me it is impossible to be right on every trade more important to trade one position for 1000 pips support it with couple of 200 pips short term positions and sleep well.
once more trying to short. from 1.3260. stop 30 pips. long term short from 1.377 still hold. but bearish momentum is not convincieng this time.
My goal for 2011 is to open another account just for long term positions as I still like trading short term. Without hedging available to me, I can not have a long term position and then play a counter trend short term.
Thank You for sharing the charts. They appear to lack time and price data. Would You care to say what they relate to.. and also what the numbers mean ?
I'm going to try riding the trend. I'll stay with it until the 1-hour Heikin-Ashi candlestick says the trend has reversed. But I'm also going to keep a close eye on 1.3300 to see if bounces or blows through.
Thank You for sharing the charts. They appear to lack time and price data. Would You care to say what they relate to.. and also what the numbers mean ?
It's bouncing off of 1.33! Do I take my profits or let it ride? Ahhhhhhhh !!!!!
(2 minutes later) Took my profit. Wondering if re-entering on a pullback makes sense? It's thinking hard about 1.33 at the moment. It went through Daily, Weekly & Monthly fib pivots on this run.
Last edited by MarcusFire; 12-30-2010 at 09:18 AM.
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Originally Posted by nopainnogain
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Short @ 1.3250
