EURUSD

[hunter]

sa 1.4500 ako naka short...

and short again on 1.4400..

it was a very risky trade at that time, kaya di ko shinare dito.. kasi ung channel bullish..

but now, i think i'm right.. target is way below, somewhere around 1.3/1.2.. ang laki na ng prob sa europe, portugal ung next victim.. spain kaya pa..

fundamentally, sabog sabog kasi sila dyan, at di nag tutulungan.. kaya.. short lang ng short! ^_^ but move sl to protect profit din..

[yeahbah]

pwede ka nang mag pa burger pards

[hunter]

pwede ka nang mag pa burger pards

ahaha! thanks.. barya lang to sayo..

pag la ng MA na mababasehan sa 4h.. sa daily chart na ba ako mag bbase?

[hunter]

i covered my shorts.. looking for it to correct.

where do you think will this pair correct to? 1.4300? 1.4250? 1.4200?

[yeahbah]

I'm still see eurusd to drop some more, probably down to 1.37-1.38

A pullback to 1.42 - 1.4250 is possible

[hunter]

4h 50% fib from the high of 1.44131 to the low of 1.40277

short @ 1.4220
sl @ 1.4285
tp @ 1.4000

as it goes down some more, we can remove the tp, and use the sl to secure the profit...

what do you think? would my luck run out? ^_^

[yeahbah]

Yup. And according to beast_master, the 50% fib retracement in EURUSD is proven to be a strong support/resistance level for the pair. We could actually take advantage of that and go long. There's a lot pips to be made between 1.37 and 1.42

Managing active trades is all up to you. What I usually do now is:

* On 60pips(depending on currency pair), adjust to breakeven
* Take first 100pips
* Run profits and trail stop the rest

[hunter]

here is how i got my figures. kindly correct me if my usage of fibs is incorrect.. ^_^

thank you for your patience, Masters..

[yeahbah]

nasa taas dapat ang 100% at tingin ko mas ok isagad dun sa malapit sa 1.46. At saka drawing lang ng fib retracement kapag tumalbog na. Fib extension ang mas appropriate habang di pa tumatalbog.

[hunter]

here's my take on eu for tonight..