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- Dcb replied May 14, 2008
E/U — The E/U looks like it is going to stay below 1.54292.
Drawing correct resistance and support-lines
- Dcb replied May 14, 2008
You must have been tired from your Soccer game — I was stopped out of my E/U short trade at 1.54179 for a 17 PIP loss. I should had exited before the EUR news came out at 0900 GMT, another lesson learned. I am going to leave the E/U alone ...
Drawing correct resistance and support-lines
- Dcb replied May 14, 2008
E/U & U/J — I boutht the U/J at 105.131 and decide to exit at 105.320 for a 19 PIP gain. I sold the E/U at 1.54179 and I am holding my short position.
Drawing correct resistance and support-lines
- Dcb replied May 14, 2008
E/U & U/J — The E/U continues to move down as the U/J moves up. EUR news comes out in 15 minutes, will it move the E/U?
Drawing correct resistance and support-lines
- Dcb replied May 14, 2008
G/U — The G/U has tested my TL at 1.93925 as we wait for a lot of news in 30 minutes. Will G/U keep moving down?
Drawing correct resistance and support-lines
- Dcb replied May 14, 2008
E/U — I expect the E/U to go down to the support level of 1.53657 and possibly to the target area of 1.53125.
34 EMA Trading Strategy for newbie's :)
- Dcb replied May 14, 2008
Update E/U & U/J — I believe E/U will go down to support 1.53657 and then my target of 1.53125. I still belive the U/J will go to the area of 105.583.
Drawing correct resistance and support-lines
- Dcb replied May 14, 2008
U/J & E/U — It looks like the U/J wants to go up, possibly the previous highs of 105.583. The E/U is going to test 1.54292.
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
I understand — I understand. I let trading hurt my relationships, but I am not going to let that happen again.
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
U/J — I have not been focusing on the U/J, but I did want to see wha I can do with it. I drew an horizontal line at 104.012 which is also the 0.618 fib retacement of the up trend from 102.570 to 104.904. I am expecting the price to move down ...
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
Hello aediaz — We have missed you, and your insight of our chart analysis. I hope we see you tomorrow.
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
I have stayed away from G/U because it is so volatile. This volatility is really seen on the M30 chart. I doesn't move in any direction for any length of time. I guess that would be ideal for a short term trader. I have even stayed away from the ...
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
I will work with you on this. — I have read Horner's book, and I am familiar with the Wave she wrote about. I trade the first 3 - 4 hours of the London session, and I do not leave positions open. My minimum daily goal is 20 - 30 pips. I trade ...
34 EMA Trading Strategy for newbie's :)
- Dcb replied May 13, 2008
Hi Jupiter_peak — I have experienced the same frustration. Tomorrow could be a trying day, because of all of the GBP reports coming out. Traders may sit back until they have digested the news, so there may be a lot of whipsaw action with Cable ...
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
I can't trade, but can see FF — So were you able to have a gain with the E/U, and are you selling the G/U?
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
Have good day trading — It is time for me to sign off. I will you well trading today. It could be a frustrating day. I am attaching my M30 chart for E/U. There are not any good patterns at this time for an entry.
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
E/U — I believe it can go down to the lower TL that I have drawn, but now that I am out I am going to leave it alone. I will have to signoff soon, so I do not want to enter a trade at this time. Show me your chart and your thoughts.
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
G/U — Time will tell. My H2 chart of G/U
Drawing correct resistance and support-lines
- Dcb replied May 13, 2008
E/U — Don't just hate how the price goes back and forth, and just want keep moving?
Drawing correct resistance and support-lines