EURUSD

He wants high rates and weak USD but has recently been quoted saying that he is "happy at the current currency rates". But its trump so the message is a bordello

Yeap, I remember it but him being a moron and a flip floper he already changed his opinion on that.

1.1430 LONG support still looks to be holding... I bet if anything we do not switch to SHORT phase till tomorrow at least.

Yes it was a harsh decision.. but overall you just keep 5 times more equity in your account as you normally would if you want to trade like 1:50.. to me 1:10 is enough since I have not draw-downs higher than 30 pips and profit levels are on average 1:2 or 1:3.. (rarely 1:4).. so nothing to complain if you are happy as a moderate usd millionaire and don't have goals to become a usd billionaire lol

Stay Green

Good higher risk long place at 1.1420... but yeah, high risk. Keeping it would then be contingent on if it could quickly GET and STAY above 1.1430

we are beyond the point where the up move started .. I can't really imagine it now being on sidelines, this is a typical "markets misunderstood" behavior (pump price up few dozen pips only the let it fall sharply). Btw price turned around at the daily open (gmt0).

I just can't figure how they make money on it, probably their buy orders were much smaller than sell orders at higher lvls. We seriously miss a centralized DOM.

adding one last long here if drops. SL a little below 1.1380 aim 1.14750-1.15

What is going on? Somebody tell me as I'm losing my mind...They pumped it up on sligthly dovish Yelen's release and now changed their mind or what? How many Times can it whipsaw back and forth?

Welcome to the jungle. hehe.

Welcome to forex
reduce your lots and trickle your entries and harvest like fishnet
Key reduce your positions
Forex can be very illogical place where negative news can have opposite reaction and opposite as well. Your job is to figure how to beat it.How to survive and prosper in illogical environment

"
Over-Leverage and Diversification This example serves to illustrate one of the greatest pieces of trading advice ever given. When asked by Jack Schwager what is the one act most traders must do to become successful, Bruce Kovner perhaps the greatest hedge fund manager ever and a man who has beaten the markets for more than 30 years and to whom other hedge fund managers entrust their savings simply said, Undertrade, undertrade, undertrade. Prodded further by Schwager, he explained, Whatever you think your position ought to be, cut it at least in half. My experience with novice traders is that they trade three to five times too big. They are taking five- to ten-percent risks on a trade when they should be risking one- to two-percent. Unfortunately, this is the advice most retail traders roundly ignore. Its not exciting to trade for pennies and nickels far more glamorous to try to make $1,000 a day. Yet that is the likeliest path to ruin. After having watched thousands of accounts trade, I can unequivocally say that the biggest reason for the failure of most retail traders is not lack of knowledge, nor is it the inability to understand the nuances of the market or poor technical analysis skills. The number one reason is over-leverage. Imagine you are driving down a typical suburban street in your subdivision at the normal 25 mph. Now imagine that the speed of the car suddenly accelerates to 250 mph. What are the chances that you will make it to the end of the block unharmed, especially if your neighbor is driving towards you from the other direction? Thats leverage. Professionals fully recognize its power and do not risk more than they control and then they diversify their risk by not betting everything on one single price."
Trade Like a Dealer: (And Avoid Death by a Thousand Stops) By Boris Schlossberg

Stay Green

Now if this is typical action, retailers sell here and it goes back up... instead of waiting for the overall trend.



This makes it look like the start of the down is ALMOST here/confirmed though...

Looks like it was already priced in or we are missing a piece of the puzzle. I have a short bias since 1440 was first hit, but havent pulled the trigger yet because of all this bla bla from centros.

Markets think Draghi will be dovish like Yellen

He has to be becouse billions spent buying bonds will become nothing if Euro appreciates and kills any chance of growth and inflation.
This is a major concern appreciation of Euro before actually scaling down bond buying

May be some news time , big candle down I see but bull still intact & so watching until it /news settle down.Take care . fontu
first one not post I see , ok 1413 broken but 1407 intact . if bo at 1400 then signal for bear at 1382 for only 1338 for now

Fully agree with you on this one. They already caused 'mini tantrum' couple of weeks ago with bond yields rising to the levels not seen since 18 months. This coupled with appreciating euro puts a last nail in the coffin of already subdued inflation and all of this before even actual tightening happens. Grim outlook for Draghi and his entourage.

oil will rise due to lower stock
Euro will rise due to fudamental reasons (still expect decline shortly)
gold will rise(hegde towards USD)
GPB/USD will continiue to rise

My opinion. Dollar rebound.

Absolutely right! With the debts of the southern european members in mind, inflation is the biggest concern for the ECB. So the last thing they would allow is to let the Euro appreciate to levels of 1.20+. Not gonna happen, sorry.