Long EUR/USD 1.3669 area

Going for a bounce on the multiple touches, just below the recent highs....good history here

Update 1/14/10: Canceled due to time lapse




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8 comments

Anonymous said... @ June 8, 2009 at 1:12 PM EST

Any thoughts that maybe 1.3750 will be the bounce area? Look like some good action around there as well.

Boyd said... @ June 8, 2009 at 10:39 PM EST

Any reason why you wouldn't go for the 1.3725 area?

Anonymous said... @ June 9, 2009 at 12:22 PM EST

At the time of this post EUR/USD was around 1.3865 , lowest point 1.3802 before. What is that 1.3669 ? Dezo

Just call me Steve said... @ June 10, 2009 at 7:32 AM EST

Hi guys, to all 3 questions:
The 1.3750-25 area has plenty of support as well, and could have easily lifted the pair as well. I chose the lower level at the time for the reason of there being more time for price to essentially exhaust itself. There was a lot of parabolic price movement leading into this area. The chosen level has a very good history and alot of buildup behind it.

Unknown said... @ June 11, 2009 at 10:05 AM EST

Well I went for 1.3950 and limited out at 1.4050 for 100 pips and $300 on 3 minis so I go the bottom wrong and you guys were nearer the mark at 1.36ish ray

Bryan said... @ June 14, 2009 at 10:20 PM EST

I see 1.3740 as strong too. Are you still waiting on 1.3669 though, or is this trade done? Sorry if this is a dumb question -- I'm new to your blog.

Thanks!

Spudgun said... @ June 15, 2009 at 8:21 PM EST

Hey can we get more info on tp and sl? thanks!

Just call me Steve said... @ June 16, 2009 at 1:12 AM EST

Hi spud, please refer to and read the notes in the following links:

http://www.nobrainertrades.com/search/label/Performance%20Grid

http://www.nobrainertrades.com/2008/11/introduction-to-stop-losses-and-taking.html

http://www.nobrainertrades.com/2008/11/stop-losses.html

http://www.nobrainertrades.com/2008/11/profit-targets.html

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