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- zones replied Mar 31, 2008
Depending upon this bar closure, there might be a short trade setup.
- zones replied Mar 31, 2008
Maybe another sell signal coming up at A.
- zones replied Mar 31, 2008
Taking advantage of being in the Asian time zone. i have gone long at 1.5788. SL 1.5774
- zones replied Mar 28, 2008
The market is in a tightish range. No real direction, lots of sharp sudden moves. I will call it a day now. Its been a good week for me. My patience for a good setup is increasing by the day. Although overall my account is still in negative ...
- zones replied Mar 27, 2008
I think old age is catching up on me. I keep on either posting the wrong chart or hitting the submit key without uploading the chart.
- zones replied Mar 27, 2008
Entry invalidated by the bar closing above the UML of the red fork. That closure does not suggest weakness. So no trade.
- zones replied Mar 27, 2008
I think price is storing energy after few days of strong up moves. I might be interested in shorting it gain ig it meets my criteria.
- zones replied Mar 27, 2008
So much for buying....sold 1.5811 stop at 25 and hoping for the LML of the blue fork. Edit: With news release in just over 30 minutes, i am now working a stoploss at +3 at 08 if not stopped out i will close it 15 mins before the news release. Sl ...
- zones replied Mar 27, 2008
Sorry, wrong chart above.
- zones replied Mar 27, 2008
Today i was determined to work on my short bias. At every move i drew and redrew an upsloping fork. I got a reasonably nice trade this morning for 30 pips. It might not be much but it was obtained with a risk of only 10 pips.Ofcourse i did miss an ...
- zones replied Mar 27, 2008
I closed the above trade because we might test the highs before we go down...if we go down at all.
- zones replied Mar 27, 2008
Sold for a quick scalp at 1.5812. SL was only 10 pips. I am hoping to ride it to 38% retracement of yesterdays high/low at around 1.5756. Sl now breakeven. Edit: Profit taken at 82.. +30
- zones replied Mar 27, 2008
Price has failed to reach the median line. Lets see if we get a valid sell signal. Alternatively it might pause here a bit and then go higher.
- zones replied Mar 26, 2008
Another good opportunity missed by my long averse eyes. On a more positive note i have learnt something new today. I was also disiplined enough not to take a trade for the sake of trading. No money lost so all in all a good day.
- zones replied Mar 26, 2008
No sign of weakness in this pair. Nice clean move all the way to the reaction line.
- zones replied Mar 26, 2008
Hey David, I also think 1.5810ish is a possible reversal area. I am waiting for the market to confirm it and hopefully i can get a nice sell signal.
- zones replied Mar 26, 2008
I have been on the sidelines so far today. Although, we have had an incredible bullish move over the past few days. There might be a sell signal coming either later today or tomorrow. Ofcourse i shall wait for confirmation of it. In the ...
- zones replied Mar 26, 2008
Gosh, what a move! As it was a move generated by news release i did not trade it.
- zones replied Mar 25, 2008
The above trade on a 4 hr chart.
- zones replied Mar 25, 2008
Sorry I forgot to attach the chart. I had drawn these lines over the weekend. I am still amazed at their accuracy.