IvanLabrie
Long

EURUSD: Short term long, two targets

FX:EURUSD   Euro / U.S. Dollar
572 14 8
I entered long as shown in the chart, there is a potential setup that points to the profit targets depicted in it.

Risk/reward ratio is attractive, and the estimated hold time is 3-7 days.

Good luck!
As you can see my stop level was indeed a crucial one...I posted a new chart, showing a long setup in multiple Euro (and Pound) pairs.
Feel free to check it out.
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That SL solved the problem and the rest of the "long" position is just a decent opportunity for short entries to get several hundreds of pips.
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AristotelCostel AristotelCostel
http://1.bp.blogspot.com/-bjwKgnFRUxg/VNfbjExfLzI/AAAAAAAAAzw/hdTY8JboNzg/s1600/EURUSD_8februarie2015_Pump_Dump.png
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IvanLabrie AristotelCostel
You can capitalize on this from multiple angles logically...I just don't have the time to trade intraday anymore...otherwise I'd be all over this volatility using 5m/15m/1h. ;)
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Bulls be aware.

Sudden price drops expected (waterfall) as Dollar significant resistance line will get breached.
+1 Reply
Even if it retests the previous high, that's normally a good strategy.
-1 Reply
It seems that you are full of buying ideas
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IvanLabrie AristotelCostel
Older ideas reflect what I thought at the time. As you can see, I mapped the path rather accurately. Trades I don't need to map a longer term outlook to work though.
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OK, As a long term trader and trend scalper I see things from a different angle. So, I always need to map a longer term outlook.
+1 Reply
IvanLabrie AristotelCostel
Sorry, somehow that came out wrong.
I meant that trades don't need to end up looking nice in longer term charts to work.
For example, I can trail stops and take profits before candles close, and many times this won't look good or clear in the chart in the future.
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