tntsunrise

EURUSD SIMPLE RANGE TRADING

FX:EURUSD   Euro Fx/U.S. Dollar
7042 38 145
EURUSD             SIMPLE RANGE TRADING
1: break down and pull back , short
2: did not break, then we long and short
at the other side of the range.
Comment:
snapshot

Break down
wait for pull back to short
Comment:
snapshot

look the pull back, check the price action
Comment:
snapshot

use AB=CD correction move for entry point
Comment:
snapshot

Seems today it will pull back to the zone
Comment:
snapshot
Comment: short the pull back
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why must have a pull back... after break down?
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tntsunrise TOP TradingReport
buy low sell high.
a pull back give you better price to enter.
+3 Reply
TradingReport tntsunrise
what about there is no pull back... like a waterfall, what will u do?
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VForex TradingReport
then just don't enter , you don't have to take every single trade you know...
+1 Reply
tntsunrise TOP TradingReport
then find another trading opportunity.
+3 Reply
mlbo tntsunrise
(in case of a short/sell trade it is "buy high sell low". i think that correct way of saying it is important to an obvious new-to-trading-person who askes for the reason of the pullback+continuation)
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Best risk reward rules .... SHORT/SELLS = Sell high (wait for pullbacks to previous resistance) LONG/Buys = Buy Low (wait for pullback to previous support)
+1 Reply
tntsunrise TOP livethedream
this is a correct explanation
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Short means Sell , u sell eur and buy usd at high price, then buy the eur back from usd at low price, that's how short works.
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will buy 1.1295 with good stoch+cci+rsi. if it will consolidate at 1.1365 >1h then it can fly down
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thank so much
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thanks
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I M not a patient guy, already entered in when it breaks in 1 hour, put the stop loss above the breaking candle. but i realised a pull back can definitely increase your lot with the same risking money.
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Hi there, anyone can recommend SL and TP? Tight SL around 1.1365 (or) need to put SL at previous resistance around 1.1442? kindly advice .thanks.
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tntsunrise TOP Dethlefsen5EU
ALWAYS GOOD TO PUT SL AT THE OTHER SIDE OF THE RANGE
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Dethlefsen5EU tntsunrise
sorry sir, I didn't get it ..means somewhere in the range 1.1365 and 1.1442? what's the recommended SL pips for 4hrs timeframe. ? kindly enlighten me. thanks.
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tntsunrise TOP Dethlefsen5EU
Above the range high
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Still hoping to see the pull back tho. It smells like a good trade so I'm in. I hope we get the retest to be able to pull the trigger. Good job tntsunrise!
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News! News!! News!!!!!!!!!!!!!!!!!!!!!!!
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looking for below area
EURUSD - 4h, Daily
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is it advisable to continue this trade during the weekends?
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tntsunrise TOP PravinPakeanathan
yeah. still valid
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It seems that there is no chance to see the price go up back to around 1.136 to short.
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tntsunrise TOP watsonzou26
who knows. if give us this pull back level, we can short. if not, just wait for next trading opportunity
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See... Your chart is simple for new trades... N u already fill money in ur poket..keep it up... We dont like to many talk in an analysis...
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Hello Jack, I have some few questions if you don't mind. When we use 4HR Time Frame as reference for entry point,how long does it take to expect the course of direction to shift? Should it be monitored under the same time frame or in the lower time frame? What is the normal range of pips in a day for a continuous momentum, inclusive of retracement period? Your response to these queries are highly appreciated!

If you have some books highly recommended for reading please send me the name and the authors. Thank you so much for your time.
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if you use 4h chart to trade, then you use 4h chart to set your target and sl
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john murphy: technical analaysis in financial markets
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Jon88 tntsunrise
Great! Thank you for the insights Jack.
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Thanks Jack I have a similar idea with price dropping back to the daily trend line around the 1.11 range
EUR/USD
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very nice
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nahidik PRO tntsunrise
thanks
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Hi JACK. This is pull back, It suits us?
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Sababa Sababa
I mean short now 1.1319?
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will be good to short at pull back
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Sababa tntsunrise
thanks, i short from 1.1319.
what do you think about GBP/AUD now that go up?
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I'm a bit confused, do you mean that we can take short around 1.12829??
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IT WILL HAPPEN CLEARLY NOW, 22 MAY AND PRICE MOVE SAME AS DEAR SIR WAS SKETCHING, GREAT TNT
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