Comments on: Forex Signals – EUR/USD Selling Rallies

By: forester

forester — Mon, 28 Sep 2009 22:42:44 +0000

Mark i want to say that your signals help us very much to learn to be good traders like you ,thenks so much man

By: Priya

Priya — Mon, 28 Sep 2009 18:11:28 +0000

Thank you Mark, I am also still a learner. I am trying to understand how these trades move. Sometimes I think I got it, then the trade goes in the opposite direction. I want to understand it. I will never give up.

By: piphut

piphut — Mon, 28 Sep 2009 17:22:10 +0000

iâ€™m very new here, bt iâ€™m tryn as much as possible to follow your findings. if we are sure its going up to 1.4680, we kan put up a buy right, since is about 1.4600 now

Some traders try that but it is not my style. I prefer to trade with the trend as those are higher percentage trades in my experience. I’d rather miss out on the upswing than get caught on the wrong side of one.

By: piphut

piphut — Mon, 28 Sep 2009 17:19:58 +0000

Priya i have same “problem”, higest point was 1,46775 from that was going direct down to 1,46200. How that some …

Priya/Sam: It wasn’t that for some the price went higher, others just entered earlier. It depends on the stop-loss you are willing to live with (for information on setting stops read my money management article on the left). For example if you want your stop to be above resistance at 1.4720 and are OK with a 50-pip stop than you could enter at 1.4670 to make sure you get in on the trade. If you are trying for a smaller stop-loss, say 30 pips with the SL at 1.4710 then you might try and wait until 1.4680.

As always PipHut is about giving you another resource to learn how to trade better – not to trade for you.

By: Sam

Sam — Mon, 28 Sep 2009 17:14:47 +0000

Priya i have same “problem”, higest point was 1,46775 from that was going direct down to 1,46200. How that some can buy at 1,468 and some of us dont? thanks

By: Priya

Priya — Mon, 28 Sep 2009 17:02:14 +0000

I didn’t do it. I have placed an entry trade at exact 1.4680. It was never exicuted. I am really surprised.

By: Sunil

Sunil — Mon, 28 Sep 2009 16:52:29 +0000

Spot on Mark. I am +45 pips now. Thank you. Your analysis plus the book you suggested helped me so much

By: Stefan

Stefan — Mon, 28 Sep 2009 16:32:15 +0000

Thanks for the insights Mark. Is there any sight that you may suggest to get a better handle of Technical Analysis?

By: piphut

piphut — Mon, 28 Sep 2009 14:34:47 +0000

RE EUR/USD I WAS OF THE OPINION THAT 1.4670 WOULD BE THE RESISTANCE OF THE DAY THUS ENTERING THE MARKET AT 1.4650 (SL 1.4686) AND A BREAK OF THE MA(20) NOW Iâ€™M WATCHING WITH ANTICIPATION

After a potential major reversal I use pretty conservative entry points as the pair could still range pretty good and kick out my stops if I enter to early. Though at least one of my systems entered around 1.4625 and it is usually pretty profitable…

By:

Mon, 28 Sep 2009 14:25:59 +0000

MARK
I’M APPLYING YOUR TEACHINGS TO OTHER PAIRS AND SINCE FRIDAY TILL THIS MORNING I HAD A GREAT TRADE OF 357 PIPS EUR/JPY (BEING IN THE MARKET OVER THE WEEKEND!).THANKS TO YOU!

RE EUR/USD I WAS OF THE OPINION THAT 1.4670 WOULD BE THE RESISTANCE OF THE DAY THUS ENTERING THE MARKET AT 1.4650 (SL 1.4686) AND A BREAK OF THE MA(20) NOW I’M WATCHING WITH ANTICIPATION