Eurusd

[foxmajster]

@Mike8

Yes, went back on my screen and looked at the past data, and I thought exactly the same, that would be the only place I
would have traded if I was trading. Good Trade.

I am glad we share the same thoughts
Here is another I just took: although bias is upwards I did not had any problems with the sell trade considering overall situation. Range broken, couple of dojis formed and with bulls seemed to let go I went in 2 pips below range. SL is tight 6 pips and TP is set on clear visible resistance line 8 pips down (forgot to draw it). Was not the perfect setup but with bank growing nicely I sometimes take a riskier trade. Worked this time

PS: Does somebody know how to insert bigger pictures - I mean original size, don’t like them shrunk to invisibility?

[Mike8]

Nice one.

What do you do, you mostly look for blocks that squeezes nicely in despite of the direction?

[foxmajster]

Nice one.

What do you do, you mostly look for blocks that squeezes nicely in despite of the direction?

Mostly yes, but normally I want bigger fight on the edge of the range with EMA20 squeeze and WITH the trend. As I said this one was risky one.

[Mike8]

I want bigger fight on the edge of the range with EMA20 squeeze .

Can you be more specific? When you say “on the edge of the range” what do you mean? the box?

[foxmajster]

range or block it does not matter. Want to see slowly coming to the resistance and a couple of dojis before the break is really nice.

[DanielFxTradingCircle]

I made a EUR/USD trade couple of days ago at the breakout of the 1.300 support zone. Haven’t traded this currency in a while. It’s pulled back little but the bearish bias in still there.

[Mike8]

range or block it does not matter. Want to see slowly coming to the resistance and a couple of dojis before the break is really nice.

If you do not see that, what do you do? you do not take the trade and wait for better opportunity?

I am asking this because I am making many mistakes lately.

[foxmajster]

If you do not see that, what do you do? you do not take the trade and wait for better opportunity?

I am asking this because I am making many mistakes lately.

thanks for compliments but I think your market analysis is better than mine
but if u ask: lately I trade mostly range (also box but more difficult) breaks because I don’t have much time to think about different strategies and I focus only on one. And it works for me…
What are is your trading success for last month?

[Mike8]

thanks for compliments but I think your market analysis is better than mine
but if u ask: lately I trade mostly range (also box but more difficult) breaks because I don’t have much time to think about different strategies and I focus only on one. And it works for me…
What are is your trading success for last month?

I think is good to focus only on one pattern, do you have a written plan? If you do maybe you can email to me, so I can have a look at it.

[Mike8]

I need to have more patience (like Fox) on this scalping business, I worry that I am going to miss the move and jump in the wrong one,

I got this one right though +10

[Mike8]

Pull back to ema, round 1.27 and block +9.7 pips

[foxmajster]

I really like this one.
Gonna mail you about my techinque(s) by tomorrow…

[Mike8]

I really like this one.
Gonna mail you about my techinque(s) by tomorrow…

Yes, I am going to focus on BB only for a while

[Mike8]

Pull back to the round 1.2720.
Took profit at resistance, +5.2

[foxmajster]

How is it going Mike and company?
Did not had any time to trade last days…

[Mike8]

Things are going well.

My first trade, missed other 2, anyway +10

[hpfife]

How are your trades going this week with all the recent movement?

[Mike8]

@hpfife

How are your trades going this week with all the recent movement?

Very well and you?

My first and last trade yesterday, being on the screen for two hours before I took the trade.

The bears pushed it down to the round number 2450, the bulls countertrends reached above the 2460 and my averages, just below my subjective resistance, this is were she stalled and got my attention, a bit of tag of wars between the parts, I got in once the bulls let go of the rope, +10.3 pips, pocketed my 2%.

[DanielFxTradingCircle]

@DanielFxTradingCircle

Below is an image of a high quality descending triangle formation that by nature gives a bearish bias. This bias is developed by the prior lower highs where the bears are winning the battle.

Keep in mind it’s not true until validated by a real breakout.

So i made the trade. And here are the results. I will post them now before my profit target is hit. Up 490pips.

[Icelia]

Very nice