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- dwildes replied Nov 18, 2008
And that my friend - is the secret. Use the indicators to give you a visual of what price has done, so you can start just focusing on price action itself.
EURUSD
- dwildes replied Nov 18, 2008
Seems we are in a tea cup pattern (rounding of the bottom) on the H1's. I'm looking for a spike up to get on the short bus with.
I don't know if it has enough gas to break 1.2675, but that's where I'm looking for shorts.EURUSD
- dwildes replied Nov 17, 2008
*hahah* - so I'm not the only one huh? This is why I much prefer just keeping things simple with my price action charts.
EURUSD
- dwildes replied Nov 17, 2008
Don't you think we'll make it to 1.2100 area before that? (50% FIB of 0.8200 -> 1.600)
EURUSD
- dwildes replied Nov 17, 2008
Now isn't a good time to take on a position IMO. That's why I went ahead and took my profit. This is when deal desks mess with you and go stop hunting. I'd wait until Tokyo session starts. However, I believe we'll retrace a little up. If we do - ...
EURUSD
- dwildes replied Nov 17, 2008
Awesome!
Very true about the bad trade, and that's why I lot more picky about my entries these days. I just go for the easy ones now and more in my favor rather than just take any ol' trade.EURUSD
- dwildes replied Nov 17, 2008
Don't you hate those orders that miss by just a few pips? I just closed my short for +68 pips. I think it's going to consolidate a little until Tokyo, so I'll look another entry then. Hopefully you'll get in the game this round

EURUSD
- dwildes replied Nov 17, 2008
Thanks bud - yeah, it's a challenge for me as well. I'm usually in/out within the hour, but this trade just looks ripe for the taking and I'm in a real good short price area.
EURUSD
- dwildes replied Nov 17, 2008
Moved my stop loss to B/E with 10 pips locked in. I really want to close this trade for a 40 pip profit, but I'm going to see if it pushes farther down. It has all the characteristics for it to keep pushing, especially with a H4 PIN developed.
EURUSD
- dwildes replied Nov 17, 2008
That's funny - I was just analyzing that same pattern. However, I'm looking at the doji on the H1. Spike up, doji and resume long-term trend of 'down' is what I'm playing on at the moment. Guess we'll find out which is correct in about an hour or 2 ...
EURUSD
- dwildes replied Nov 17, 2008
Very good trading man - you gotta know when to stop when you are ahead.
EURUSD
- dwildes replied Nov 17, 2008
I assume you are talking about that wedge?
I've been keeping an eye on that for a few days now. For me though, the overall trend is down - so any spike up is typically short lived. I think we'll revisit the 1.23xx area this week.EURUSD
- dwildes replied Nov 17, 2008
I mostly use MB Traders and you can see orders coming in there. But at the time, I was looking at the M5 chart and saw everytime it was in the 1.266x area, price would shoot up almost 20pips. That gave me a feeling buyers were entering the market.
EURUSD
- dwildes replied Nov 17, 2008
Yeah, I noticed those strong buy orders coming in, so I was aggressive with the stops, thankfully. Looks like Driver55 is doing good though!

EURUSD