DislikedThe problem with divergence is that it does not work very well in trending markets. Take the 9th of May on H4 which is what you might refer to... RSI and MACD indicated divergence but it did not play out.Ignored
swing it!
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 problem with divergence is that it does not work very well in trending markets. Take the 9th of May on H4 which is what you might refer to... RSI and MACD indicated divergence but it did not play out.Ignored
DislikedEuro has broken some lows and a Long Term trendline which goes back to 2001. If it had bounced off of these lows I would be telling a different story.... but it has broken them time and time again.
Last week was a long awaited fall lower. The fundamentals (which I usually try to ignore) have been pointing lower for quite some time.
The only thing I'm curious about today is..... what is the market going to do with this US Holiday. USA banks will be closed. Could be a prime time to make another move lower while no one is looking.
I gotta trade...Ignored
DislikedMaybe not the best time to share it.
It will dissapear until monday but I'll have a go.
I was analysing weekly chart and realised that we are at the pretty important zone (12600)
1. Nov 2008 & March 2009 double bottom and rally up to 1.5xxx area
2. Aug 2010 bounce up after correction - up to 1.4270 area
3. Jan 2012 bounce up after drop from 1.4xxx - up to 1.35xx area
Points for bulls:
1. Price failed to breach below 1.25 big psychological number
2. Bearish May
3. And thats it
Points for bears:
1. Price closed firmly below 1.26xx
2. EZ in worst...Ignored
DislikedThis was my post from saturday evening 2500/2600 area is a very important zone from the technical point of viewIgnored
DislikedThe problem with divergence is that it does not work very well in trending markets. Take the 9th of May on H4 which is what you might refer to... RSI and MACD indicated divergence but it did not play out.Ignored
DislikedPrice, not to pick on you, but lack of certainty that comes through in your tone is exactly what I am seeing many other traders express.
I'm willing to bet last week, and even more likley the week before, you didn't have any wavering thoughts as to what you wanted...I'm betting you felt more confident about going short E/WORLD
well.... I'm thinking many want to sell...but not at THESE levels, on this holiday market condition.... and I, as well as other traders are picking up on this, and see it as an opportunity to make some pips on a low liquidity...Ignored
Dislikedhere is the EA statement of last week until market closed at friday night.
i know some people are intersted in how the EA will continue so if nobody mind i add it in here.Ignored
DislikedM5 showing price exhaustion and M15 forming red doji I would be taking profit (long position) if it stays like thatIgnored
Dislikedit very well may come back down tom, but i've taken half my profit postion off at about 23ish pips, and my stop on the other half is at -7 pips... so I'll net out about 16 pips on half my origional position should it stop out, so, at least for me, i can't lose now.
And.... I'm sitting here thinking... price will only move down if there are more aggressive sellers than buyers...and with the market as oversold as it is, i'mj wondering what larger traders would likely sell it at this point... what would their target be? it's a low liquidity day...Ignored
DislikedSeriously man.. Stop the nonsense. Do you know why the market dropped on Friday? Just checking..Ignored
DislikedIf cloggie is long then we are going up for sure. Retrace at least. Man knows what's up. Shame they blocked his twitter account.Ignored
DislikedSeriously man.. Stop the nonsense. Do you know why the market dropped on Friday? Just checking..Ignored
DislikedI can't really say, as I was long earlier in the day, and wasn't sure what to make of the drop..... but if I had to venture a guess i'd suspect the barrier at 2500 had something to do with it, and the negative spanish news acted as a catalyst to apply additional pressure downward to hit the barriers there...
but that, as well as this, is purely speculative. I didn't take a short on friday... and it's always easy looking back...
XIgnored
DislikedEJ found support just under 100 Geppy filled the gap, can't see different scenario for E/D atmIgnored
DislikedSpain news was not the catalyst. It was IT. Who cares about some options here and there when Greece is on the verge and Spain is soon to follow..
It was Catalonia asking for money. The Spanish 10Y is at 6.31. Do you know what happens when it gets to 7? Bankia made news too.. This market is driven by.. I wouldn't even venture to say news.. but by whispers. That's how fearful everybody is.. If the news is bad it won't care about any of the technicals, supply/demand, sellers/buyers bull shit.. I for one don't dare trading for more than 10-15 pips at...Ignored