Struggling with entry/exit decisions?

[FibMaster]

Thinking of shorting the Euro right now?

Traders agonize about the entry and exit decisions. The best trade setups go your way soon after entry, and they don't look back.

Some traders use indicators that don't seem to work half the time, others use so many indicators that they can never get lined up right. It doesn't have to be so frustrating.

Your charts are constantly telling you what other traders are doing. If you know how to read and interpret those signals, you can find that “sweet spot” the balance between risk and opportunity.

I am looking at a EURUSD 5 minute chart for the possibility of a short trade. I can tell you right now that it is too soon to enter short. The chart topped out near 1.2760 and looks ready to continue the down-move, but this is a risky place to short the EURUSD. I'm waiting for something specific to happen, then I'll know that shorting is a better decision. See chart attached.

To trade well, you should be able to read a chart and have specific tools and criteria that will tell you when the market is ready for entry.

This weekend you can join me on-line in a live seminar that will open your mind to making the best entry decisions. I'm certain that you will never look at a chart the same way. See details here;
http://www.fibmarkets.com/pro_seminars/index.html

See what other traders say about the seminars;
http://www.traderzine.com/forums/showthread.php?t=265

See great trades that were executed by attendees of these seminars;
http://www.traderzine.com/forums/forumdisplay.php?f=4

Join me on-line this Saturday, you'll be able to see my charts and hear my voice through your computer. On Monday you'll be trading with a new eye on the markets. I know you'll benefit from this seminar, because traders rave about it.
http://www.fibmarkets.com/pro_seminars/index.html


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[usdivers]

So Neil, looking at your chart, are you saying it is a little too early to be looking for a good short on the euro at the moment?

[FibMaster]

Back at that time was too early (for me). I did comment to another trader that a short at 1.27 was possible (http://www.twitter.com/fibmaster ) but be careful due to support at 1.2670 area.

Now looking better, see your 15 minute chart, how it has broken support and is putting in a pattern of lower swing highs and lower swing lows. Next near-term support 1.2635-ish.

Note that the London session is closed, we often have whipsaw overnight, so keep that in mind.

[lori]

wow, thanx for the great seminar on saturday morning! excellent teaching! everytime i come to a seminar, even if its one ive been to--i learn more and more. the blinders on my eyes are coming off--yay! cant wait for the next seminar!

[toyogo00]

Hi,

It is indeed a very fruitful seminar, I like the demonstration of how to determine whether the sk fib level is resisted/supported, thus to catch the right entry for long or short.

However, it is really essential for those who have not view the Fibonacci video to get one in order to fully understand/apply the fibonacci method. See the link: http://www.fibmarkets.com/videoseminar/

Thanks again FibMaster, looking forward for the next seminar!

Regards,
Toyogo

[bht]

I agree - it was an excellent seminar. My biggest problem has always been entering too soon or too late...really had my eyes opened after that seminar!