EUR/USD Short Term – 25 Aug 2009
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Originally posted by “Hussam”. Tue Aug 25, 2009 01:09 am
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Hi All,
As FibMaster pointed out, the pair is finding support (SK) at around the 1.4265 area , on the 240 & 60 & 30min charts. I am considering a long if I get a TRSI cross up on the 30 min ; a bit aggressive. The reasons are that TRSI : Daily is still up, and trying to cross-up at the 40 level on both the 30 & 60 min. Also, we are bouncing from an SK on the 4 hour. If I can enter around the 1.4270-80 level, I can have a tight stop; just below 1.4250 Target : 1.4380
Regards,
Hussam.
Originally posted by “Kim”. Tue Aug 25, 2009 5:24 am
Hi Hussam,
Hope you are still in the trade, EURUSD has advanced more than 50pips from your intended long entry point. I didn’t enter this trade as I am in AUDJPY trade instead. EURUSD has better thrust than AUDJPY now! FibMaster has definitely missed these trades as he is in zzzzzzzzzzzzzzz….. LOL!
Well done! more pips are coming!
Regards,
Kim
Originally posted by “FibMaster”. Tue Aug 25, 2009 9:32 am
Hussam,
How many pips did you make on this trade? Can you post a chart showing the action? It would be great for others to see that.
Also, as a bonus, perhaps show a photo of you wife’s shopping haul ?
Originally posted by “Hussam”. Tue Aug 25, 2009 11:52 am
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Hi Neal,
Although I said I would trigger on the 30 Min TRSI cross-up (as an aggressive entry), actually, I triggered on the 15 min at 4:08 am EST. Again the reasons were : 4 hour SK support looked holding very well, TRSI almost crossing up on the 60 and 30 min charts. The 5 min charts already started to show HH & HL. I admitt it was a very early aggressive entry (not really my style), but you told us (in one of your video courses) ” train your guts , as well”. so, I followed it for a change. I don’t want to brag here, because this doesn’t happen to me often. I hope it does.
P.S. My experience has been that; when TRSI is crossing or about to cross in the same direction on 2 or 3 time frames, that’s quite a strong sign / indication. Ok Neal, you can slice me up now. LOL.
Cheers.
Hussam.
ps Sorry, forgot to mention. Entry was at 1.4275 and exit was at 1.4331 ( I am watching my SP E-mini position).
Originally posted by “FibMaster”. Tue Aug 25, 2009 12:25 pm
Great trading Hussam! I guess your wife is not back from shopping. Still spending yesterdays profitable trades? LOL !
Thanks for posting your charts, good looking trade for everyone to see!
Originally posted by “Hussam”. Wed Aug 26, 2009 1:28 am
Oh !!! Thanks a lot for the posting in FibMarkets.com . That’s an honour. It reminded of the first time I entered your website, 2 1/2 years ago, looking for Fibonacci courses. Great stuff.
Regards,
Hussam.
Originally posted by “FibMaster”. Wed Aug 26, 2009 10:36 am
You are welcome Hussam. Make more trades like that! It’s my pleasure to help, I’m happy that you benefited so much from my seminars, and I enjoy reading about your profits.
