EUR/USD

Long @ 1.30547
SL 60 points

taken a small short at 36 , would like to see it capped below 932 & 922 taken out...

WaveSurfer wrote: if it gets to 900/936 be worth a short there with 30/40 pips stops - target the lows 700's and then 670's fib level there too.

WaveSurfer wrote: should get a run up on this going into the draghi /ECB press conf on Thursday...watch that bear flag...n drop, flag.... drop, flag ....there's a pattern developing.

dl.dropbox.com/u/40497882/Eur_usd_H%26S_downtrending.JPG

gclark25 wrote:

Rossymc wrote:

gclark25 wrote: This part is the REAL test of my resolve considering i'm probably a scalper at heart, taking profits quick and fast - which isn't good long term I know!! Giving myself the satisfaction of a profit - but really just harming the chance of being a successful trader.

Its reached the 200sma on the 1H chart, and the 49sma on the 4H chart.

Usually I would take my winnings here at +50 pips - but I am going to go against my natural tendency and try really stick by this!

Clarky

Keep to one time frame

Atb RMc

Rossy,

I trade using 3 timeframes at least - and thats a rule of mine. I never ever trade off of only one timeframe anymore. I used to, but I missed too much.

I need to look at the overall trend, plan the trade on another, then use the smaller time frame for an entry.

Also with the system I use at the moment, it incorporates sma's, and when they all line up on different timeframes, it adds validity to my trades.

Unless of course you mean after the trade is placed - sticking to one timeframes as not to mess with my mind type thing?

Yes mate, that would be my advice to keep it simple. But what ever suits really and if your finding success good on you.

GL as always RMc

Did super Mario say something super ?

Rossymc wrote:

gclark25 wrote: This part is the REAL test of my resolve considering i'm probably a scalper at heart, taking profits quick and fast - which isn't good long term I know!! Giving myself the satisfaction of a profit - but really just harming the chance of being a successful trader.

Its reached the 200sma on the 1H chart, and the 49sma on the 4H chart.

Usually I would take my winnings here at +50 pips - but I am going to go against my natural tendency and try really stick by this!

Clarky

Keep to one time frame

Atb RMc

Rossy,

I trade using 3 timeframes at least - and thats a rule of mine. I never ever trade off of only one timeframe anymore. I used to, but I missed too much.

I need to look at the overall trend, plan the trade on another, then use the smaller time frame for an entry.

Also with the system I use at the moment, it incorporates sma's, and when they all line up on different timeframes, it adds validity to my trades.

Unless of course you mean after the trade is placed - sticking to one timeframes as not to mess with my mind type thing?

gclark25 wrote: This part is the REAL test of my resolve considering i'm probably a scalper at heart, taking profits quick and fast - which isn't good long term I know!! Giving myself the satisfaction of a profit - but really just harming the chance of being a successful trader.

Its reached the 200sma on the 1H chart, and the 49sma on the 4H chart.

Usually I would take my winnings here at +50 pips - but I am going to go against my natural tendency and try really stick by this!

Clarky

Keep to one time frame

Atb RMc