Tomas Greiciunas
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Tomas Greiciunas posted a blog post

Wait for the reversal and buy again

Yesterday EUR/USD went up and almost reached the 1.3200. Right now I expect the reversal to 1.3150, where I am keeping my long orders with stops set at 1.3124. The 4 hour and weekly charts are looking bullish and in case Europe doesn't present any bad news we will be seeing another climb higher. Profit targets for EUR USD are set at 1.3194 and 1.3240. In case your stops are wiped out, I suggest waiting for better opportunity to enter the trade, as we will be entering ranging pattern, where …See More
May 9
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Tomas Greiciunas posted a blog post

Should I buy or should I sell

On Friday I made some long EUR/USD trades from 1.3012 with stops below 1.2995. My trades survived by just one pip and my profit targets at 1.3046 and 1.3080 were reached. Right now I am seeing some indecisive maneuvers from both sides - bulls and bears. Monday has always been the day when the market mostly starts making its own mind about where it should go within a week.I still haven't seen the…See More
Jan 7
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Tomas Greiciunas commented on Tomas Greiciunas's blog post Yesterday I sold EURO
"Hello, Peter. I was pretty lucky having placed my stops below 1.2995. So, yeah, it was 1 pip short of my stops being triggered, but I survived. My targets of 1.3046 or 1.3077 were also reached. Right now I am thinking should I sell or should I…"
Jan 7
Peter jcp commented on Tomas Greiciunas's blog post Yesterday I sold EURO
"Hi Tomas - hope you managed to not get stopped out and stayed with it ? If not hope you got in again - regards Peter"
Jan 4
Sundaram commented on Tomas Greiciunas's blog post Yesterday I sold EURO
"The knife seems to be sharp and on daily H&S forms @ 2926. It has not fallen too deep yet, only 50 pips range thus far."
Jan 4
Peter jcp commented on Tomas Greiciunas's blog post Yesterday I sold EURO
";-)) - I do catch falling knives and fast moving trains everyday working on stops of 4 -8 pips. In fact my first scalp buy from 3008 this morning gave me a trade with an RR over 3. But I do agree unless you are very experienced and gone through at…"
Jan 4
Tomas Greiciunas commented on Tomas Greiciunas's blog post Yesterday I sold EURO
"Yes, Peter, you are right about the 3028. Catching knives is not a very good idea in this trend like movement. However, we are at the important psychological level 1.3000. The price could indeed test lower, beyond the 1.3000 point - just for the…"
Jan 4
Peter jcp commented on Tomas Greiciunas's blog post Yesterday I sold EURO
"Morning Tomas - I had seen a similar scenario to the one you have mentioned today and similar scalp bought after the low - but have already come out after we failed to make 3030 and only 3028. For it to work for me now I need to see back over 3028…"
Jan 4
Tomas Greiciunas posted blog posts
Jan 4
Tomas Greiciunas commented on Tomas Greiciunas's blog post Selling EUR/USD from 1.3163
"Thanx Peter..."
Jan 3
Peter jcp commented on Tomas Greiciunas's blog post Selling EUR/USD from 1.3163
"Nice One Tomas;-)"
Jan 3
Tomas Greiciunas posted a blog post

Selling EUR/USD and EUR/AUD

Selling EUR/AUD is a very lucrative idea, especially if you look at the hourly time frame which suggests a head and shoulders pattern. The way that the London session has started also suggests entering short positions for EUR/AUD and EUR/USD.I am selling 3 EUR/AUD positions from 1.2737. Stop losses are above 1.2828. I am targeting 1.2660, 1.2540 and lower.I am also selling EUR/USD from 1.3220. Stops are above 1.3257. Targets for profit are set at 1.3165, 1.3128.Brought by…See More
Dec 28, 2012
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Tomas Greiciunas posted a blog post

EUR/USD is at important level of resistance

Right now the EUR/USD pair is dancing in the 1.3080 - 90 level and considering the fact that today is Friday and we have a US Core CPI news coming out in the afternoon, I would wait for the news and then make a call.It's very tempting to sell (I am selling three small positions from 1.3081), but selling or buying after the news is less risky. Today is Friday, the end of the week is near and everything is possible - move up or down. With the recent FED's move on the Treasuries purchase program…See More
Dec 14, 2012
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Tomas Greiciunas posted blog posts
Dec 13, 2012
Tomas Greiciunas commented on Tomas Greiciunas's blog post Selling EUR/USD from 1.3000
"Thanx for your comment, Peter. Yes, I think tonight the pair will be ranging in the 1.3030 - 1.2980 area. It could even go lower to 1.2973. And in the first hour of London session the market usually sets the pace for the whole day. Of course…"
Dec 11, 2012
Peter jcp commented on Tomas Greiciunas's blog post Selling EUR/USD from 1.3000
"Hi Tomas - I think I agree with your forecast process with the 3025-30 being a good resistance area above about 3010. I have presently good supports at 2980/3 and 2870/2 - so wondering if we might range in this 40 -50 pip range until Europe opens…"
Dec 11, 2012

Profile Information

About Myself
I have been trading forex for about 6 years, actively and passively. Right now I am developing my trading style which is based upon technical, fundamental and psychological factors with a strict money management.
Trading style
Technical
Current Broker
Oanda

Follow the trend

I can't stress it enough, so I'll just repeat what I have just said. Follow the trend, because "trend is your friend".

Another thought is sell high and buy low. That works best in range and swing markets. Doesn't work very well in a strong trend conditions when operating against the trend.

Entering the trade in several orders is also encouraged. This way one could diversify and optimize his profits.

Forexsignals24

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Tomas Greiciunas's Blog

Wait for the reversal and buy again

Posted on May 9, 2013 at 7:27am 0 Comments

Yesterday EUR/USD went up and almost reached the 1.3200. Right now I expect the reversal to 1.3150, where I am keeping my long orders with stops set at 1.3124. The 4 hour and weekly charts are looking bullish and in case Europe doesn't present any bad news we will be seeing another climb higher. Profit targets for EUR USD are set at 1.3194 and 1.3240. In case your stops are wiped out, I suggest waiting for better opportunity to enter the trade, as we will be entering ranging pattern,…

Continue

Should I buy or should I sell

Posted on January 7, 2013 at 2:59pm 0 Comments

On Friday I made some long EUR/USD trades from 1.3012 with stops below 1.2995. My trades survived by just one pip and my profit targets at 1.3046 and 1.3080 were reached. Right now I am seeing some indecisive maneuvers from both sides - bulls and bears. Monday has always been the day when the market mostly starts making its own mind about where it should go within a week.

I still haven't…

Continue

Yesterday I sold EURO

Posted on January 4, 2013 at 8:50am 6 Comments

Yes, yesterday was a perfect day. After selling EUR/USD from 1.3163, two profit targets (1.3127 and 1.3100) were reached in no time. The last one was closed late at night at 1.3050.

Right now I expect some kind of a bounce up to 1.3047 or 1.3080. I am in fact buying two EUR/USD positions from 1.3012 with stops below 1.2995. First profit target is set at 1.3046, second is at 1.3077. Today is…

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Selling EUR/USD from 1.3163

Posted on January 3, 2013 at 9:54am 2 Comments

After the New Years Eve as the Fiscal Cliff question was solved (or postponed...), the markets sighed with relief and the EUR/USD pair went south. It had to be expected since the 1.3300 resistance line held through the whole December and it was obvious that some retracement or even a start of a new trend is imminent. When the US shook off negative pressure regarding the Fiscal measures the investors naturally started buying dollar against the weak Euro, only the stronger currencies like AUD…

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