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Smurf123 replied Aug 17, 2011Still holding my long but it feels like I'm holding the "bag". We shall soon see what Europe brings.
EURUSD
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Smurf123 replied Aug 16, 2011At this point, all the TF's. They are all now sitting above the 100 and 200SMA's. That's generally an indication of the trend for me. Not to say that we couldn't go down from here, but my bias has to remain bullish until the price tells me ...
EURUSD
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Smurf123 replied Aug 16, 2011Just a note on my previous trade, stop was hit at 97. The trend is obviously up.
EURUSD
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Smurf123 replied Aug 16, 2011I agree with you, in the end it's about what works best for you as a trader. I just found that when I was working for trading firms, no one used any sophisticated MA's, most were very basic. They tended to focus on past levels and how price reacted ...
EURUSD
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Smurf123 replied Aug 16, 2011The trend is important but so are the levels. As an example, the hourly chart is in a clear uptrend, but our current PA has me going short. The idea is not so much to trade the trend, but also to spot new trends before they start. When price ...
EURUSD
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Smurf123 replied Aug 16, 2011I have a daily hourly and 5min up all the time. I use the daily and hourly for my levels and trade off the 5min. My risk is never more than 10 to 20 pips.
EURUSD
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Smurf123 replied Aug 16, 2011Judging by the price action that we are seeing I would say that you are correct.
EURUSD
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Smurf123 replied Aug 16, 2011Funny you should say that, I had a USD/CHF chart up an hour ago. That pair seems to conform to TA very well. It will be interesting to see how things play out. A big mac is now close to $20 in Switzerland. The last time I visited it was around ...
EURUSD
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Smurf123 replied Aug 16, 2011This market is a little boring right now. You know what would be nice? A little BOJ intervention! BTW Long the USD/JPY for entertainments sake.
EURUSD
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Smurf123 replied Aug 16, 2011That's very similar to how I trade, I only trade the EUR/USD, and every now and then I trade the USD/JPY. When I worked for a prop firm, I only trade two stocks day in and day out for the same reasons.
EURUSD
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Smurf123 replied Aug 16, 2011Sofia, do you only trade the EUR/USD or do you trade other currencies?
EURUSD
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Smurf123 replied Aug 16, 2011I use Ninjatrader, it connects to my broker and keeps track of all my trades.
EURUSD