Well at some point of time, one needs to take risk and take a long position. But i am prepared if it goes another 100 pips down as i have enough balance in my account to avoid any margin call.

EURUSD

1 h is in oversold position. The last 3 candles analysis (1 H) show some stability. I am not going against the long term trend by taking a long position..so i will keep this long position till i reach TP level. TP is 1.51..lets see if it comes today ...

EURUSD

I am long on e/u.

EURUSD

Great Job

EURUSD

Thanks for useful insight. Yes i do check your blog daily and click on some ads too

EURUSD

You are a great trader like Jay, jacko and other top traders on this forum. I want to learn from you- why are you short on e/u? As per my trade thinking, the 2 candles ( 1 h) have closed above (making new highs and lower lows), moving averages are ...

EURUSD

Yeah..

EURUSD

I am long..selling seems to be over.

EURUSD

I second that. In another 6 mins, one more 1 H candle will close on my chart giving a clear view. Ideally i want to start building long positions under 1.5.

EURUSD

RSI on 5 M, 15 M and 30 M charts are in oversold position. On 1 H chart, it is not in oversold position but just touching the 30s RSI line.

EURUSD

OMG, its a free fall- hits 1.49586

EURUSD

Yes right..no more positions now- no short, no long. Wait and Watch for me.

EURUSD

Yes you did advised everyone yesterday to keep shorting at higher levels

EURUSD

I will wait for next 2 candles (1 H) and rising moving average to start building long positions. I dont intend to catch the bottom or top- just the meat in between.

EURUSD

Huge selling..it hits 1.49890

EURUSD

As per FXCM rate, it hit 1.50000 but didnt broke it !

EURUSD

Massive selling in last 10 seconds ! Closed few shorts still few remain hoping to break 1.5 in the next round of selling.

EURUSD

Once Moving averages start rising, i will start to build long positions in e/u/. I think it is still 5-6 hours away. At the moment, all moving averages are down which suggest bears have got good hold in e/u. Next 2, 1 hour candles will make it more ...

EURUSD

Traders are booking profits on long positions. This and next hour, i expect a down candle making new lows testing 1.5.

EURUSD

But i remember you shorted e/u at pivot- around 1.50800..this position should be currently in profit? isnt?

EURUSD