FX Trading Ideas...

Discussion in 'Forex' started by TayOO, Jun 3, 2009.


  1. damn.....similar strategy as me too (possibly better). Most importantly you've got a textbook risk-reward too (KEY). Welcome to the site.
     
    #21     Jun 9, 2009
  2. TayOO

    TayOO

    Hi athlonmank8,

    That is very normal and acceptable...

    I believe that is strange when traders come with very strange and complex strategies... For me and my experience tell me that normally that will not work in FX...
     
    #22     Jun 9, 2009
  3. TayOO

    TayOO

    EURUSD

    Long positions above 1.3875 with targets @ 1.3975 & 1.401 in extension.

    Alternative: Below 1.3875 look for further downside with 1.382 & 1.379 as targets.

    GBPUSD

    Long positions above 1.6075 with targets @ 1.622 & 1.635 in extension.

    Alternative: Below 1.6075 look for further downside with 1.599 & 1.5925 as targets.
     
    #23     Jun 9, 2009
  4. TayOO

    TayOO

    EURUSD

    Long positions above 1.3865 with targets @ 1.3925 & 1.3975 in extension.

    Alternative: Below 1.3865 look for further downside with 1.382 & 1.379 as targets.

    Comment: the pair is pulling back on its bullish channel lower boundary ahead of a rebound.

    GBPUSD

    Long positions above 1.6075 with targets @ 1.6175 & 1.622 in extension.

    Alternative scenario: Below 1.6075 look for further downside with 1.599 & 1.5925 as targets.

    Comment: the pair is pulling back on its new support ahead of a rebound.
     
    #24     Jun 9, 2009
  5. Well done TayOO, I am really enjoying your work.
     
    #25     Jun 9, 2009
  6. TayOO

    TayOO

    Is not time to go up???

    Hammer, tend line, level support a little bit oversold in the 15min chart...

    Check the chart:
     
    #26     Jun 9, 2009
  7. TayOO

    TayOO

    Thanks VitoriaSC.
     
    #27     Jun 9, 2009
  8. Excellent call, thanks for sharing with us.
     
    #28     Jun 9, 2009
  9. how about the reverse head and shoulders showing up? Haven't had much luck with them recently but just a heads up....
     
    #29     Jun 9, 2009
  10. TayOO

    TayOO

    EURUSD

    Long positions above 1.389 with targets @ 1.401 & 1.407 in extension.

    Alternative: Below 1.389 look for further downside with 1.3855 & 1.382 as targets.

    Comment: the pair has rebounded on its bullish channel lower boundary and is challenging its resistance, the RSI is well directed.

    GBPUSD

    Long positions above 1.6075 with targets @ 1.622 & 1.635 in extension.

    Alternative scenario: Below 1.6075 look for further downside with 1.599 & 1.5925 as targets.

    Comment: the pair stands within a bullish channel and is challenging its resistance, a pull back should not be ruled out before a new up move.
     
    #30     Jun 9, 2009