Eur/usd live trades

Unfortunetly my last trade hit Stop.

Now I sold Eur/usd at price 1.3222 with my stop 30pips and profit 100 pips.
Now I mowed stop 10 pips lower… when price falled - now there is corection…
I hope that is not reversal…

Opened this trade basing on Breakout of rising wedhe(H4) and rebound from it.

  • there is downtrend(i’m looking at it from M30)
  • robound from wedge formed like correction to downrtend(some kind of flag)
    +Blog where was talk about that EUR/CAD is forming flag on H1 chart.

:slight_smile:

Any questions or suggestions???

I will be very happy to listen :slight_smile:

Stay out of the market for EURUSD, it’s ranging and could break out either way.

It can. :slight_smile: As always

H4 is indicating oversold(Stochastics 14.3.3) + rebound from 40(RSI14)

BUT… price didnt break out of downtrend.

  • It retraced from(kind of flag) support line.

Now there is elliott wawe on M5… my stop is just above third wawe.

I believe my trade, so the only thing can stop me is my Stop :smiley:

Now I see rising wedge on M5 chart, whitch is positive for my trade…

I put my stop for 6 pips higher whitch is just above apex of wedge…

And I see Stochastics overbought and Rsi at 60lvl at the same time…

And I have beautiful rising Rsi slanted lines on M5-15 charts…

The only 2 things I would have to worry about is that H4 is oversold and H1 is rising (stochastics).

Now I’m going to sleep and dream about pips falling from the sky! :slight_smile:

Euro 4-Hour Head and Shoulders Looks Good for a Short- I have a price projection down to 1.3000


Anybody use pitchfork!

[B]Check out my great pitchfork on weekly eur/usd! :)[/B]

Maybe if somebody uses this, maybe you could tell something about this.

And again that fking attachems dons shows up :@

First point 2008.10.26
Second 2009.11.22
Third 2010.06.06

C[U][I][B]heck!! Its realy great![/B][/I][/U]

hello…everybody… i`m newbies please guide me…:slight_smile: thank