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- RsX replied Jun 7, 2013
KW I keep wondering if you had smth solid on daily for ea at this 1.39-1.40 or not... ...Really a friggin' strong trend in ea.. now closing daily 1.39+, above my last daily zone that made any sense to me. No attempts, as nothing confirmed on recent ...
EURUSD
- RsX replied Jun 7, 2013
at some point... probable, yes. Do you also have stats on how probable a ~3350 hit might be before the return to ~2997 ?
EURUSD
- RsX replied Jun 7, 2013
while away from screens, plan materialized and position opened from the prestaged entry stated ahead of time, earlier... 1st visual of the trade... trading's over for the week so won't work far enough - must carry it over w/e, against my usual ...
EURUSD
- RsX replied Jun 7, 2013
Looks like I will, though I usually don't like holding over the weekend... Filled @ 3239, -16p stop remains still.
EURUSD
- RsX replied Jun 7, 2013
Prestaged S 3239 / SL 3255 (-16p) / TP 3139 (+100p) Cancelling if 3190 breaks first..
EURUSD
- RsX replied Jun 7, 2013
Specific nuts and bolts on the entry plan, inside the 15m view.... image
EURUSD
- RsX replied Jun 7, 2013
Update on that intraday plan... lower sell zone setup triggered. Damn late into the day/week again with Fri afternoon by now (GMT)... typical. Setup's there anyways. Looking for p/b for entry now. Perhaps even staged @ 3240 /w -15p SL here... image ...
EURUSD
- RsX replied Jun 7, 2013
I'm looking at two options. Higher zone best R/R, lower odds to materialize at this point as well as work into target (in between larger key areas). Lower zone = higher odds to materialize as well as follow-thru to target, however lower R/R. image ...
EURUSD
- RsX replied Jun 7, 2013
The preferred, bearish scenario now scratched, as ~3150-80 resistance was cleared with emphasis. Secondary, bullish scenario in force now, triggered by 3220-3250 hit and even closed on daily basis - as stated in the overall trade plan... image
EURUSD
- RsX replied Jun 6, 2013
One other thing - if you want to trade the short side of the H&S, the profitable way of doing it is selling the right shoulder.. high area.. eg in this case the ~3150 or ~3200 after it.. then target under the neckline break eg area near below and ...
EURUSD
- RsX replied Jun 6, 2013
Good chart. I'm looking at the neckline break as markets probable intention - as long as 3150-3200 holds R - but I wouldn't trade the downside upon the signal eg neckline break, in that TF. While the H&S statistically does trigger more often than ...
EURUSD
- RsX replied Jun 6, 2013
Hit now, pretty much. Mind sharing the concrete stats (odds %-wise) that you had, on the probability of market hitting that 3198 once triggered, eg post the 2997 break ? That is, if you have it datamined, statistically... - or is it simply "more ...
EURUSD
- RsX replied Jun 6, 2013
EUR/AUD 3560-3600 provided temporary resistance only.. At the day, intraday plan did not materialize as market established support at that ~3540 instead and pushed higher - consequently breaking the daily zone. Next up, and for me the ultimate, ...
EURUSD
- RsX replied Jun 6, 2013
Whether you're trading off weekly/daily, regardless... best to have SL@BE on any longs between 3000-3050 now. Would be wise at this point... That is - unless you're ready to hold on for another -400-500 for now, while targeting 1.38-1.39 ...
EURUSD
- RsX replied Jun 6, 2013
Trade plan update... 48h later - almost there. Nothing in between. One more (fourth) HH against ~3150 needed here... blowoff->reverse best, unloading the main batch of that large supply... Triggers the bearish scenario. So will be looking for ...
EURUSD
- RsX replied Jun 4, 2013
I'm not sure what you mean by "supertrend".. but I'm assuming you're referring to the green/red "trailing" dots, which is essentially an average true range stop at its core, with a few custom tweaks added. I never use it as a stop however. It's a ...
EURUSD
- RsX replied Jun 4, 2013
Been keeping an eye on a 1.3560-1.3600 key area on EURAUD daily chart... Market's rejected it once (Fri-Mon), now testing again. Currently all bullish going on for the retest, but some interesting stuff developing on 15min chart. Good R/R short ...
EURUSD
- RsX replied Jun 4, 2013
Have my focus on the ~3150 area.. will look for multi-day trade opportunities with an entry at/near that zone - either direction. Week's trade plan visualized... image More emphasis is on the most likely (primary) scenario - that is market's about ...
EURUSD