TradingView
tntsunrise
May 13, 2016 3:14 AM

EURUSD SIMPLE RANGE TRADING 

Euro Fx/U.S. DollarFXCM

Description

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


Break down
wait for pull back to short

Comment


look the pull back, check the price action

Comment


use AB=CD correction move for entry point

Comment


Seems today it will pull back to the zone

Comment

Comment

short the pull back
Comments
ShahidKhan
IT WILL HAPPEN CLEARLY NOW, 22 MAY AND PRICE MOVE SAME AS DEAR SIR WAS SKETCHING, GREAT TNT
arianto
I'm a bit confused, do you mean that we can take short around 1.12829??
Sababa
Hi JACK. This is pull back, It suits us?
Sababa
I mean short now 1.1319?
tntsunrise
will be good to short at pull back
Sababa
thanks, i short from 1.1319.
what do you think about GBP/AUD now that go up?
nahidik
Thanks Jack I have a similar idea with price dropping back to the daily trend line around the 1.11 range
tntsunrise
very nice
nahidik
thanks
Jon88
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.
More