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2+2=4ex replied Feb 17, 2010Some speculation... Possible test of upper trendline as high as .3830 or lower. 1. Price could go straight there 2. or come down to fib 38.2 where a trendline meets it and then bounce. 89 sma could also move up there on m15 and add some support 3. ...
EURUSD
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2+2=4ex replied Feb 16, 2010That's cool. I was just messing around. Maybe I need to follow his technique too. I'm only up 21 pips for the week. Been watching mostly since I do not like to trade countertrend. Just picking my spots. Next major resistance I think I'm going to ...
EURUSD
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2+2=4ex replied Feb 16, 2010That is nice and good job, but I have to ask (with no offense)... Why do you post this? I'm just curious why. I for the life of me cannot figure it out. Should I take partial pips too and hold others?
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2+2=4ex replied Feb 16, 20103824-3835 (depending on how long it takes) has a big hurdle surrounded by some smaller ones.
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2+2=4ex replied Feb 16, 2010Okay, looks like a few speed bumps ahead. This is what I got right now as far as technicals: Resistances: 3770 (mid-resistance level) - minor 3779 (historical resistance + 89 sma h4) - wildcard 3788 (trendline) - this one might be good for 10+ pips ...
EURUSD
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2+2=4ex replied Feb 16, 2010This is a nice post in terms of describing the optimal mindset the optimal trader should have once making the trade. Best point made is to let go of the preconceived expectations of a trade, but be proactive in initiating and managing a trade. Part ...
EURUSD
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2+2=4ex replied Feb 16, 2010Originally was waiting on 3790-3800 as possible entry, but the way this is moving I might wait longer. Looking at h4, looks like big correction is underway and will move towards completion. EDIT: We may be looking at 3900+ by end of day.
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2+2=4ex replied Feb 16, 2010Price wants to jump up more, I think it ultimately will, but perhaps gold is keeping it in check right now. I'm on the sidelines and will short if and only if price gets up there ~3790-3800.
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2+2=4ex replied Feb 16, 2010I thought you probably went back to see some boobies down in N'Orleans.
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2+2=4ex replied Feb 16, 2010Not just those. Gold and eu not exactly lined up as usual either. Where's oil at? How bout the Dow open? Looks like everything is building up. Wonder what's next ??? .....
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2+2=4ex replied Feb 15, 2010just got off at 3650... gonna get some rest to be ready for some early action.
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2+2=4ex replied Feb 15, 2010This is all part of a healthy trend. Action - reaction. It's just the way it is. Long leg, short leg, long leg, short...
EURUSD