Disliked[email protected] was closed yesterday for 30 pips profit. [email protected] still holding. looking for one strong US economic data to kill this trend. Short @ 1.4171 after GDP.Ignored
Good Luck
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Disliked[email protected] was closed yesterday for 30 pips profit. [email protected] still holding. looking for one strong US economic data to kill this trend. Short @ 1.4171 after GDP.Ignored
DislikedThe higher euro goes, the poorer gets its r:r for longs, the better the r:r for shorts, FOR THOSE aiming medium-term, of course. Short now for quicky 20ies is suicidal...
For those aiming the retracement from this bull run, we might have an attempt to 42XX levels today or tomorrow, imo.Ignored
Dislikedi agree that a retracment is due, but a) i don't see it coming until 1,4250 and b) it's not going that far unless the germans start having bigger bank issues, that actually make the news like northern rock - not likely though.
however i trade this pair the jacko way so i been adding more longs since 1.41 prior to that i was long 1.38, 1.39 and 1.40 all stoped out in profit.Ignored
DislikedI wouldn't call "buying pressure" but "profit taking refusal" is likely to dominateIgnored
DislikedECB rate statement + Trichet + NFP all next week is likely to define further action ahead of Oct,31st Fed`s statement. 'til then, I wouldn't call "buying pressure" but "profit taking refusal" is likely to dominateIgnored
DislikedECB rate statement + Trichet + NFP all next week is likely to define further action ahead of Oct,31st Fed`s statement.Ignored
DislikedThe charts, the charts, the charts and the charts WILL define and continue to predict likely price action.Ignored
DislikedThe charts, the charts, the charts and the charts WILL define and continue to predict likely price action.Ignored
DislikedI trade with fundamentals too and i understand completly that is perfectly possible to trade only with techs.
Now, more than ever i understand what means "fundamentals are absorbed by price, so looking at it, we can see whats happening and what will probably happen considering the sentiment displayed there"
I just wonder why the pure tech traders do not have the same understanding that without fundamentals the markets would stay forever in the same trends... the markets would stay forever in the same ranges, because assuming that the ppl would follow the techs rules, they wouldn't dare to break a major trend line.
Lots of pairs... are making highs everyday, but GU didn't, so tell me...
Why the hell didn't GU followed the others. If techs are the only thing that matters, why suddendly the pound traders resolved to stop and wait? Randomly?
Before you start with your "i know everything talk" remember that in conclusion what i'm saying is that...
If a trader wants to be profitable he has the option to trade with fundamentals or not. However, ppl must understand that the major players like banks trade with fundamentals not because they want to predict the future but because the interest rates have a physical/real impact in their money.
If the big money trade with fundamentals, they matter, they are what creates weekly trends.
Think about this... if the currencies didn't followed fundamentals, why should the countries put them in open market if they thought that their currencies will follow a random sentiment? That would be extremely dangerous....
I'm writing this and just can't avoid myself to thing, DAMN why can someone say that the yen pairs Thousands of pips drop, was a random sentiment... incredible....
Fundamentals matter, but retail traders don't need them. This is the right way to view it.Ignored
DislikedThe charts, the charts, the charts and the charts WILL define and continue to predict likely price action.Ignored
DislikedHi Warper
Not into fundimantals much, but trying to learn. lots of data out next week, do you currently have an opinion on there affects?Ignored
DislikedYes, I agree with you. But, sometimes I have to sell at the top of a trend, because they are overbought. I also use Hedge to buy the currency from the bottom of an uptrend.
And yes, indicators are no Holy Grail, they dont work in any markets. Forget about that. I use Risk Management, its works very well in every markets.
Today, I have failed my trades sell @1.4120 with in a total -48 pips stops.
I lost -48 pips.
But hey, that is nothing man. My finger will not go off from that trade!
Why? Because I have already made +736 pips this month just trading at tops & bottoms.
Wow, How do you do that? Very simple, I use a known price action rules and I use my own Risk Management rules. My Risk/Reward ratio is 1:17 and 1:13. So far I have a winning ratio of 35% trading this month.Ignored
Dislikedok so we look at charts to find our trades, but economics is what makes and breaks the rates between currency's. if there was no relationship between economics then why would we see such rapid changes after data releases sometimes.Ignored
DislikedI don't comment your replies. What the hell, you've found light already. I didn't
'til then I go my way. And if you don't mind, please quit commentaries in this harsh way when it comes to my posts, will'ya? Thanks.Ignored
DislikedWhy pepole try to swim against the river ??? Still UpTrend , Becarful my friend , 1.42 should touch very soon .
Good LuckIgnored
DislikedThe charts, the charts, the charts and the charts WILL define and continue to predict likely price action.Ignored