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Thread: EURUSD H1 2013

  1. #18706
    sman1109 is offline Member
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    After looking it over may have to turn this trade into a scalp. 4 hour chart shows Triangle intercepting 1 hour trend line.

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  2. #18707
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    CodyB is offline Member
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    Quote Originally Posted by FastLayne View Post
    One of the things I love about Elliot Waves and Esignal's Make Or Break indicator (MOB) is their predictive ability.

    The chart I'm posting is of GBP/JPY, which, yes, is not the subject of this forum, which shows the prediction made 8 days ago that price would rise in elliot wave 5 to approximately 130.59 from the then price of 126.26.

    Price made 130.51 this morning, just 8 pips shy of the predicted price, so far.

    On the subject of this forum, the same MOB indicator on eur/usd 4 hours, predicts a wave 5 terminating at 1.2570.

    Color me short.
    I look at mine on the weekends from time to time to see how many TF's agree from weekly/daily/4hr/ and 1hr charts but have never really traded from what it tells me. I have an older version too but cant bring myself to trust software to trade from. Is this mostly what you use? Is it mostly the 4hr you trade from if so? How does it do on other pairs?
    Don't Chase the market let the market come to you

  3. #18708
    sman1109 is offline Member
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    Quote Originally Posted by investrookie View Post
    Silly question..... I take it that its not wise to trade for the next two days???
    I am in one right now, for a risk reward of 1:2 ratio. I am risking 22 pips for 45 pips. The Stop at 127300 entry @ 127540 and limit @ 12800. I picked that limit because it is an even number, and because it is at the pivot line coming from S2 which has high odds of being a reversal pivot. This is my 5 min EUR USD chart. Wish me luck

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  4. #18709
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    esi2535 is offline Member
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    I think SL at 1.2730 is not safe! But your risk here is reasonable.
    GL
    Quote Originally Posted by sman1109 View Post
    I am in one right now, for a risk reward of 1:2 ratio. I am risking 22 pips for 45 pips. The Stop at 127300 entry @ 127540 and limit @ 12800. I picked that limit because it is an even number, and because it is at the pivot line coming from S2 which has high odds of being a reversal pivot. This is my 5 min EUR USD chart. Wish me luck

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  5. #18710
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    nikolas is online now Member
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    possible shorts around 2785-95...(89 being the number i've got in mind)
    Market is never slow ...
    We're the ones in a hurry ... nsync with it

  6. #18711
    lukes8 is offline Member
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    Hi All, not being much o a chart guy, can someone tell me how to set pivot points and s/R levels on chart, what paramenters and TF, sorry for the pre-school question but still learning, Cheers GL

  7. #18712
    Standby is offline Member
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    As I posted last week I will look for the sign to the go short!
    I got the sign; bearish doji star and the daily chart closed under 1.28160


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    Quote Originally Posted by Standby View Post
    I have a long position with a SL yesterday low and the target 1.28000
    around 1.2820 I will look for sell

    Attachment 162699

  8. #18713
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    Quick EUR 30

    Mostly likely be away today as well, but have buy entries to kick off from 2715-18 test..
    As long as 2710-15 holds, longs have a shot..

    GL..
    รูป รูป    
    Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
    The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
    Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

  9. #18714
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    Hoo
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    long, target 1.2845. this gonna be the 5th waves IMO
    Never rush, missed the bulls, wait for the bears, plenty of opportunities out there

  10. #18715
    Gpalstrader is offline Member
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    Quote Originally Posted by Standby View Post
    As I posted last week I will look for the sign to the go short!
    I got the sign; bearish doji star and the daily chart closed under 1.28160


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    Careful, we can have a nice upmove after GBP news throw 1.2845
    Volume is the soul of price.


  11. #18716
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    short at 2794 GL all. SL 2825
    Market is never slow ...
    We're the ones in a hurry ... nsync with it

  12. #18717
    sman1109 is offline Member
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    Quote Originally Posted by esi2535 View Post
    I think SL at 1.2730 is not safe! But your risk here is reasonable.
    GL
    Thanks, I just moved by stop to break even on this scalping trade. Right now I'm up 30 pips and hoping it hits my profit target.

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  13. #18718
    Standby is offline Member
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    Well I am out now +20pip! I know it was not a pro step to get off earlier but +20pip still better than loss... I will wait today how the daily candle close and be back tomorrow!


    Thanks for the advice Gpalstrader.

    Quote Originally Posted by Gpalstrader View Post
    Careful, we can have a nice upmove after GBP news throw 1.2845

  14. #18719
    delicate is offline Member
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    I am waiting to break through 2830 as longs,last once auto took stop at 2780,have 70 pips profit.

  15. #18720
    Gpalstrader is offline Member
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    Out of my Euro longs... looking for shorts at GBP
    Volume is the soul of price.


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