moorekapital

EURUSD: WE'RE GOING HIGHER. PATIENCE. NO RUSH ;)

FX:EURUSD   Euro Fx/U.S. Dollar
140 10 6
Most important resistance = 1.145-1.15 zone
Until we break above this, I'm siting on my hands.

Looks we're stair-casing higher though


MY PLAN:
Buying once we go above this ceiling and reject it
We can expect Lower Prices Rejection off 1.11
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That'd be too long to wait...buy oversold better.
+1 Reply
IvanLabrie PRO IvanLabrie
(1.11+- is fine)
+1 Reply
mkdeep04 IvanLabrie
or maybe 1070 area buy !!!
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I'll wait on price to speak to me ;) I wont miss this trade for nothing!
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moorekapital moorekapital
On April 15, 2012I did a piece on my facebook page. I'll share the story ;)


THE FOREX MARKET THROUGH PRICE BARS PROVIDES CLUES TO WHAT IT IS MOST LIKELY TO DO NEXT....

These clues can be put together like the pieces of a puzzle to help you better understand where a market has been, what it is currently doing, and what it might do in the near future.

In essence, the market “speaks” to us through individual bars. Bars prior and bars next to it and group of bars, all we have to do is learn to listen and interpret what it is telling us to do. But how exactly do we do this at Emattraders?

Decoding the language of price

By learning the simple price Language trading strategies that we teach, you will be able to make sense out of what the natural price movement of a market is trying to tell you. It involves learning to interpret not only specific price bar formations, but also how and when to trade them. So, if you want to really understand what the market is trying to tell you, you need to learn to “listen” for not only trade setups that we teach, but also for the right time to trade them.
This means learning to identify trending vs. non-trending markets, factors of indecision in market forces. This is the essence of what you learn in our Specialized Private Trading Course and it truly will give you the tools you need to start “listening” to the price.

Let price “tell you what it’s about to do next”

Rather than trying to guess what it will do, let the price speak to you. By mastering price Language, you will have a high-probability trading edge that you can wait patiently for in the market. If you know what you are looking for there is no reason to over-trade, because your edge is either present, or it’s not. People who over trade are not listening to the market, instead they are listening to their own mind and emotions.

You look at the chart, and you see what price has said, your edge is either present or it is not. If you have doubt about what the market is telling you, then don’t trade.
When it comes to Forex trading we never want to force the issue. The market will speak very clearly and loudly. If you learn to trade with, and truly master our price Language, you will have no problem “hearing” what price is telling you to do.

Price has voice!

…….Professional traders listen to price; they do not tell price what to do!!!


https://www.facebook.com/Emattraders/photos/a.362793543764439.81149.362695373774256/366955056681621/?type=1
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1.11 seems rejection price from going lower. Seemingly price is bouncing off it. IT PAYS TO WAIT!
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Price charts are ones best friend ;) I cant remembe when last i traded EURUSD. My plan had been to long, only when we jump up above the neighbourhood of 1.150000;)
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After some time now I think it looks like.... SHS?
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moorekapital leszekstanislaw
May be ;)
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