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-   -   EURUSD (https://www.forexfactory.com/showthread.php?t=10372)

pipssniper10 Nov 23, 2015 10:07am | Post# 1037881

{quote} thanks. i am trying to trade with manually draw S/R levels with help of candlestick but sometime i am getting confused what to do. buy or wait sale or wait. like now i don't trade in any currency only short at usdjpy and earn 35 pips so far. but when i see other chart like eurusd gbpusd i see sure profit also that support by my strategy but my confusion kill me.
I hope for your sake you are not on a Live account. If you are, then that is just gambling and your account's life is estimated few days or weeks depending on size.

edyraper Nov 23, 2015 10:08am | Post# 1037882

1 Attachment(s)
{quote} Short?No sign for short for me... only rise all europian session...
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gstup Nov 23, 2015 10:09am | Post# 1037883

{quote} {image}

Funny pic!

Pip-Miner Nov 23, 2015 10:11am | Post# 1037884

???


Could the Fed Hike the Discount Rate on Monday?
http://2.bp.blogspot.com/-K4tyuVMHHs...0/discount.jpg

The Federal Reserve holds a discount rate meeting on Monday. There is some speculation that the 75 bp discount rate could be lifted. At the September meeting, which is not the same at the FOMC meeting five of the 12 regional Federal Reserve banks voted into favor a raising the discount rate. One favored cutting it.

The economic data has generally strengthened since then. The FOMC statement last month and the subsequent official comments have indicated that most officials appear on board with a December rate hike, barring a shock.

The discount rate is set by each of the regional Federal Reserves subject to the review of the Board of Governors. Despite reference to the discount window, to be clear, the discount rate is not a discount, but premium over the Fed funds rate. And of course, a bank does not go to a window to access the funds.

We have argued, and the Fed's Vice Chairman Fischer emphasized the point earlier this week, the Fed has done everything to avoid surprising the market with a rate hike. Even if one thinks will ultimately decide not to hike next month, or does not think the Fed should hike, as the IMF among others have argued, a December hike will not be a surprise.

A discount rate hike can be seen as a technical adjustment as part of the normalization process to have a wider spread between the Fed funds target and the discount rate. Their proximity is another way to gauge the stance of the Federal Reserve. However, for many, a hike in the discount rate would be a surprise, and could be seen as delivering the FOMC a fait accompli for its December meeting. It would steal potential Fed's thunder and would needlessly be seen as pre-committing the Fed.

Over time, gradually more regional Fed banks have been favoring a discount rate hike. Two banks are clearly will most likely not support a discount rate hike: Minneapolis, which wanted a cut in the discount rate in September, and the Chicago Fed, where President Evans has been on the record favoring no hike in December. In September, it was the Philadelphia, Cleveland, Richmond, Kansas City, and Dallas Federal Reserve banks that called for a discount rate hike. Of the remaining banks, potential candidates to join the discount rate hike, the Boston and Atlanta Fed's are possible.

On balance, the Fed's leadership likely prefer not to disrupt or confuse with a discount rate hike next week. Instead, following lift-off, the discount rate most likely will be hiked.

edyraper Nov 23, 2015 10:13am | Post# 1037885

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{quote} Funny pic!
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pipssniper10 Nov 23, 2015 10:13am | Post# 1037886

{quote} Funny pic!
Not so funny, if you are still pumping and its time to dump.

itmehedi Nov 23, 2015 10:15am | Post# 1037887

At last stopped all EUR/USD trade taking 1 pip profit.
Takes one pip but how much pressure have released!!

I know i may take more more profit now because i was selling mode and market going down but only avoiding too much pressure...

ryder950 Nov 23, 2015 10:18am | Post# 1037888

{quote} You'll die earlier than if you continued to work instead
I would rather die doing coke off a hookers ass than work for my asshole boss for another 35 years.

Pip-Miner Nov 23, 2015 10:18am | Post# 1037889

At last stopped all EUR/USD trade taking 1 pip profit. Takes one pip but how much pressure have released!! I know i may take more more profit now because i was selling mode and market going down but only avoiding too much pressure...
1 PIP u kidding me ?

MaxDoom Nov 23, 2015 10:22am | Post# 1037890

DAX above pivot again- taken a long see if it has legs this time
Crude above pivot and doing nicely
EU fresh short from below the daily open

edyraper Nov 23, 2015 10:23am | Post# 1037891

SHORT {image}
nice entry ...

DAX above pivot again- taken a long see if it has legs this time Crude above pivot and doing nicely EU fresh short from below the daily open
ditto

Pip-Miner Nov 23, 2015 10:23am | Post# 1037892

{quote} I would rather die doing coke off a hookers ass than work for my asshole boss for another 35 years.


itmehedi Nov 23, 2015 10:24am | Post# 1037893

{quote} 1 PIP u kidding me ?
Yap my entry was 1.0636.
Although this entry was only 1hour ago.
I am not talking other/previous entry profit...

Pip-Miner Nov 23, 2015 10:28am | Post# 1037894

{quote} Yap my entry was 1.0636. Although this entry was only 1hour ago. I am not talking other/previous entry profit...
fair enough - as long your happy with that result , better then a loss I guess.

velit Nov 23, 2015 10:33am | Post# 1037895

strange , 3 bad US data news and dollar go up hard, its really crazy, beter not to work with us session

itmehedi Nov 23, 2015 10:33am | Post# 1037896

{quote} fair enough - as long your happy with that result , better then a loss I guess.
Yap, it is much better option to avoid loss.
But now feeling so much frustrate to see that failing.....i can increase 7% of my balance.....

biccinno Nov 23, 2015 10:36am | Post# 1037897

Question: How to win a trade?
Answer: Sell EURO.

MaxDoom Nov 23, 2015 10:37am | Post# 1037898

{quote} Yap, it is much better option to avoid loss. But now feeling so much frustrate to see that failing.....i can increase 7% of my balance.....
you are all over the place with your trading, your emotions are ruling and there will be only one outcome if you don't start to sort it out, just saying

edyraper Nov 23, 2015 10:39am | Post# 1037899

one 27 pips red hourly candle , do we lost anyone ?

Hickson Nov 23, 2015 10:39am | Post# 1037900

{quote} Yap, it is much better option to avoid loss. But now feeling so much frustrate to see that failing.....i can increase 7% of my balance.....
Should not trade with money you cannot afford to lose ...

one 27 pips red hourly candle , do we lost anyone ?
Impossible ... except extreme overleverage


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