Forex trading live calls and set ups

I am thinking of closing this thread (Beachtrader voted a No)


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Hi Mr Flibble. Good Stuff.

Here's what I am looking at for tonight. A break of the consolidation. The break should go higher but might be capped at the 1.40 level for now. A break lower may have more reward in the short term.

Peter

One thing is for sure Pete it will happen within the next hour or so. Heres what I think may happen. I did this chart for myself 30 minutes ago. I won't be playing along on this. Tops we could get 100 pips but we are 300 pips up on this run already so we risk a potential 300 pips to the downside

Should add that we did break through to the downside a trend that has been in place since the 10th of September. I never imagined we'd be back up here again. Too much uncertainty leaves my money on the table with EUR/USD for now but I really want to be in a downward move that could go on for weeks and possibly months
 

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the suspense....
what lousy trading tonight


Peter

I'm gonna short this 10 points below the low 13936 just for giggles. And if I don't get stopped out with a 50 point SL then I'm holding onto that trade for as long as I can. Me thinks its the Indians trading they love the stochastics on a .00001 minute chart
 
I'll trade either direction as long as I am still awake! I hate leaving open orders overnight. I can't sleep when I do that.

Peter
 
I'll trade either direction as long as I am still awake! I hate leaving open orders overnight. I can't sleep when I do that.

Peter

Same here I have nightmares about what the price did then realise it was just a dream. Good trading at these hours. I watched a cable trade go against me 50 pips in a few minutes then watched it reverse like crazy. There can be some nice moves.

Can I ask you how you play breakout? I have had so many reverse on me I gave up for a while.
 
I like to wait for a candle to clsoe outside the range unless a stong move is happening then I jump right in. Stops usually 10-12 pips which would put price back into the range and indicate a possible false break...then just wait to see if price break to the opposite direction, which is a very high probability play. You will rarely see a false break in both directions.

Peter

ADDED: You can see several false breaks in the same direction, so I never reenter in the same direction. Ya win some, ya lose some, ya miss some...
 
we hit both ends of my consolidation range from the pic I posted but no break either way yet...what a teaser!

maybe very soon

Peter
 
no. need a little more follow through or at lest a candle 15m close outside the range
you're right, usually nice moves at these hours, but not tonight so far


Peter
 
I am blind and do not believe this line will be broken,its tried to take out my stop enough times and fell in the night only to pull back.If id been awake I may have taken some off
 

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