gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 22, 2015 14:33:20 GMT
This is how I see the markets. I think you have a perfectly logical and cogent view of the EUR/USD market and I understand completely why you are bearish. Frankly I am a bit surprised at how all the USD pairs are behaving lately. This is the type of price action normally seen during the summer months, July and August due to a low volume environment. I am quite certain it is all about the FED and now everyone is scratching their heads...thinking what do we do now... I am certainly willing to admit when I am incorrect and it appears that is the case for now...so if the bearish scenario is true, we will see my position stop out in the next couple of days...and right now it sure looks that way to me...I have now been filled on both entries and am waiting the apparently inevitable. It is clear to me that the shorter term traders on the smaller time frames are the dominant force the the market at this point. So after this I may step back a bit and lick my wounds to see if anything else emerges.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 23, 2015 13:51:39 GMT
Looks like (at long last) the EUR/USD has finally stalled and may be starting to move higher...perhaps wishful thinking, but if the next candle can manage to close above the one shown here I will have the chance to tighten my stop and reduce the fiscal risk in this trade.
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Post by bodring on Sept 23, 2015 17:23:37 GMT
Reloading some more shorts? Attachments:
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 23, 2015 17:33:53 GMT
Stop moved 20 pips closer to the market...position is now slightly positive
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 23, 2015 18:08:56 GMT
Hello friends...I have been alerted to a better way to post images here on this forum that will help us all in a number of ways. If you all wouldn't mind to post your screen shots this way I would really appreciate it. When posting an image please do the following: If you have Metatrader: - right click on your chart and chose, "save as picture"
- Select "active chart (as is)...or any of the selections you wish
- Check the box marked "Post image online..."
- Click OK
If you have another trading software, go to app.prntscr.com/en/download.html and download their simple and easy to use screen capture.
Once this is done you will be taken to the photo that is stored on the web...copy the image address and do the following:
- Click on the button (inside the forum post editor) "insert image"
- Paste the image address in the field "image URL"
- Then click insert image.
This will help us in a number of ways...(1) it will make the images much bigger so we don't have to go back and forth between the image and any commentary (2) it will save storage space on those images that are not loaded to the forum...and this helps us stay FREE...
Thanks for you help!!
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Post by bodring on Sept 23, 2015 19:19:43 GMT
Four push ups in one day. Used to see 2 or 3 push ups. I guess there is going to be a nice fall. Attachments:
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Post by bodring on Sept 23, 2015 20:10:00 GMT
I am short biased because of the recent moves and todays up movement is not convincing, not much momentum of longs. So I would add to my positiion as in the screenshot only if the recent buyers zone is taken out. Thus the probability of short movement continuation will be much higher. The pending order might not get filled if price takes out the zone and continues without retracing, that is fine with me, the pending is just a bonus. I will be looking for other opportunities to add. One more clue of shorts, is today's close is below yesterday's open.
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Post by gristar on Sept 24, 2015 3:20:17 GMT
Four push ups in one day. Used to see 2 or 3 push ups. I guess there is going to be a nice fall. Screen ShotRepost from GSPajon
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 24, 2015 11:58:35 GMT
Buyers have come back into the market and are pushing price up into the last intraday balance zone. I have left my stop where it is for now as I expect that there may be some selling coming into the market at this level or just a bit higher. I will wait until after the buyer reestablish dominance before I move my stop closer...
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 25, 2015 12:25:51 GMT
Update on my long position: Not looking good!! I have moved my stop closer and have reduced it to about -50 pips if I am stopped.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 27, 2015 23:20:43 GMT
Update...beginning of the week...end of Sept... Daily chart is now balanced...my current long is languishing in "never never land". I have reduced the stop as much as possible and can only wait to see what will happen...
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 28, 2015 22:59:21 GMT
Update on EUR/USD longs...today pushed price higher, giving me the chance to tighten stops a little more...I have moved the stop to below today's low...also (so far) the low of the week.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 28, 2015 23:00:38 GMT
Update on EUR/USD longs...today pushed price higher, giving me the chance to tighten stops a little more...I have moved the stop to below today's low...also (so far) the low of the week. Position is now at risk for only 26 pips.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 29, 2015 20:27:15 GMT
Update: 1/2 hr before the close of the NY session, I have moved the stop up on this trade to lock in a slight profit. The buyers here have not yet shown any real strength, and sellers are still able to keep them from advancing...so I wanted to get my position at least locked on the positive side...that done, I will now wait to see if the buyers can advance further.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 30, 2015 12:46:42 GMT
Stopped out on my EUR/USD long for a small profit of about 26 pips
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