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- Jasper replied Apr 15, 2009
1.3190 area.. — ...is proving to be very strong S&R. I've had 4 sell signals below it but it keeps going back up!!! Luckily I'm not looking for an entry as I'm already short. But for practice I pretend I'm not in the trade, and yes I would ...
EURUSD
- Jasper replied Apr 15, 2009
You can't pick an exact level, you can pick an entry where your Stratergy gives you a signal, either from Fibs E/Wave, this that and the other, but even on your entry you will more times than not get a retrace. Very few are the times it will go ...
EURUSD
- Jasper replied Apr 15, 2009
It ought to go further down now after the close of that last 5min bar at 1.3169. We'll see!
EURUSD
- Jasper replied Apr 15, 2009
1.3190 is strong S&R on Daily, 3hr, 1hr and 15 min, if that helps.
EURUSD
- Jasper replied Apr 15, 2009
I've been short since Monday 13th 21:45pm at 1.3365, I have taken profits and am still in. As you say, levels are a little difficult to guage, but there is a bit more clarity on the Daily Chart, and I read that price should get down to 1.3045 (not ...
EURUSD
- Jasper replied Apr 15, 2009
It gave an early signal, and then went back to retest 1.3305 area (which I was not expecting, I thought it had finished with that area). But as you can see, it has decided to follow down. I even got concerned myself because, my short was an add in, ...
EURUSD
- Jasper replied Apr 15, 2009
1.3244... — ...was a good place to go short, if it agrees with anyone's signals/ indicators etc. Purely my observation, not a recommendation!!
EURUSD
- Jasper replied Apr 14, 2009
Just for the record from the Price action of the Daily Chart, I am expecting it to get to 1.3043, but how many retraces it goes through on it's way down on the lower Time Frames is anyones guess. I work part time, just off. Have a good day.
EURUSD
- Jasper replied Apr 14, 2009
Hi Titus — After our discussion yesterday about the possibility of price not getting above 1.3398 area, I took a short at 1.3365 (21:45 GMT). I regarded it as fairly high risk, but it paid off. Took profits at 1.3343, 1.3319, 1.3278, one lot ...
EURUSD
- Jasper replied Apr 13, 2009
IF it does go down it will more than likely go down a lot more than 50, that is an if. I hope it does, I shorted at 1.3365 in order to try and catch it, but it was and still is a high risk trade. Just watch how it is reacting at 1.3363..............
EURUSD
- Jasper replied Apr 13, 2009
1.3363 area.. — ..is very strong S&R, if it gets below, it should go down quite well. This is why I regarded my short at 1.3365 a high risk.
EURUSD
- Jasper replied Apr 13, 2009
just taken risky short at 1.3365.. — ..for a quick scalp down, poss leading into a further down?? We'll see!
EURUSD
- Jasper replied Apr 13, 2009
Elghoz.... — ....Just one more thing, it may not have the strenght to get up to 1.3398, & may come down from below 1.3365, you will have to work it out, watch how the bars are forming on lower time frames 1Hr, 15min, 5 min, in relationship to ...
EURUSD
- Jasper replied Apr 13, 2009
You will have to watch what happens in that area. I have made my statement on the strength of price action from the Daily Chart. So no, it probably won't happen quickly (but!!!). Watch the price action, and see if it is exhausting itself around ...
EURUSD
- Jasper replied Apr 13, 2009
It (EU) ought to reverse...... — ...... around the 1.3398 area. That is the only place I can see at the moment, where a short is likely to happen. I went short this morning at 1.3209, made a small profit and closed out in good time not to let ...
EURUSD
- Jasper replied Apr 13, 2009
I'll wait a little longer, I've had it fixed in my head that this Market is going down, but it shows signs of the other way at present. If I get confirmation below 1.3263 I will short, but not till then. Hope you are right.
EURUSD
- Jasper replied Apr 13, 2009
I keep looking for the next area to short, and I had decided on 1.3263, which coincides with yours.
EURUSD