I still wander if it fall 200 pips for today.
though I took long on the 100 pip fall, dah
though I took long on the 100 pip fall, dah
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedThe attached M30 chart shows a Head & Shoulders formation for this current session.Ignored
DislikedThe attached H4 chart, showing the fib extensions applied to the pinch of the standard Bollinger band, indicate the potential for a downside move.....Ignored
DislikedNot a fan of finding "reversal patterns" on low TF charts, when all price has actually done on your chart is range in a reasonably predictable manner for a long time now. Granted, price may trade thru a lower (or upper) TL, but that's a far cry from "reversal" which is what a H&S pattern is. Especially if it reenters that same channel.
In no way trying to tell how to trade your own charts, but the concern here is that there are lots of impressionable people who hear "head and shoulders!!" and go bonkers. There is not much "reversal" to be had
after a couple days of ranging, just a breakout of whatever channel has been established. I don't post everything I trade either. I fully hope everyone trades whatever works for them, but I don't post everything I trade either as it could quickly get counterproductive. Please understand... this is more about terminology than a strategy debate.
"The "head-and-shoulders" pattern is believed to be one of the most reliable trend-reversal patterns."
http://www.investopedia.com/terms/h/head-shoulders.asp
About 4am last nite (see link below) someone was calling H&S on a 5m chart! Price may or may not follow thru, but all of us should strive to have the right understanding and "labels" for that movement.
Posted 8hrs ago... Price indeed fell a'rd 30-40 pips following this post, but then it also rallied a hundred pips before dropping to present levels... http://www.forexfactory.com/showthre...30#post2241230Ignored
Dislikedthese are the levels to watch right now...1.4625+ (break up)....1.4585-(break down)..exclude the falsie spikesIgnored
DislikedThere is no break of nothing, it’s normal that a huge move like on Monday, (largest in history of EUR like I heard) will retrace, if the 61.8 is broken will be something to think about,but far away, actually we are sitting on a nice 38.2 wall.
Ignored
Dislikedwasn,t in yet.wanted to get something outside before i closed my longs and before i knew it,i am where i am.honestly i feel shitty and angry with myself.its beginning to get me emotional.what do you think i should do.its now -136 pips.do i close and join you guys shorting or i should leave my longs running..........Ignored
DislikedI think we will see the drop later this afternoon after the actual announcement of the term of this agreement. Note: I have been wrong.Ignored
DislikedAFTER LOSING 1.3K USD,
i want to shout out the BEST tip ever..
to all those who are new, looking for the golden EA etc etc
GOOD MM
PLS!
p/s after losing 1.3K i am still bear on this pair heeIgnored
DislikedWhen is the announcement of the terms of the bailout? I'm shorting this SOB 5 seconds prior to thatIgnored
DislikedWith this thing flirting around the 1.46, and a big announcement coming up @ 4 EST.. I see it diving... SOON... I am short from 1.4610!! Others?Ignored
Dislikedthere is a support at weekly MA. i don't think she will go down further
http://i359.photobucket.com/albums/o.../Project10.jpgIgnored
Dislikedthere is a support at weekly MA. i don't think she will go down furtherIgnored