orb1y
December 16, 2010, 1:10pm
22
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.
Any questions or suggestions???
I will be very happy to listen
Stay out of the market for EURUSD, it’s ranging and could break out either way.
orb1y
December 16, 2010, 1:30pm
24
It can. 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
orb1y
December 16, 2010, 4:21pm
25
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!
Euro 4-Hour Head and Shoulders Looks Good for a Short- I have a price projection down to 1.3000
orb1y
December 27, 2010, 3:42pm
28
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.
orb1y
December 27, 2010, 3:47pm
29
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]
pet83
December 28, 2010, 1:02am
30
hello…everybody… i`m newbies please guide me… thank