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  • #5,181
  • Mar 5, 2008 9:55am Mar 5, 2008 9:55am
Quoting mohan
Hi,

someone from this group can share with me some indicators for MT4. i loose a lot of money in my real account.
Me too in this 2 days.
  • #5,182
  • Mar 5, 2008 10:01am Mar 5, 2008 10:01am
missed this nice move. Looks strong, but I can't get msyelf too behind it, fearing that something unexpected happening with USD.

EDIT: I see what's going on. Oil Surging, commodities are not letting up...yet.

They are going to roll over sometime, and I don't want to be playing positions that will expose me to that bombshell.
  • #5,183
  • Mar 5, 2008 10:05am Mar 5, 2008 10:05am
Quoting Hammad
1.5220 and then 1.5260 couled be the next stop.. lets see..
okay i Longed from Dip after ISM news.. and Now my Two EU trades Hit take profit limits..
i don't look it wil come down unless 1.5320 and 1.5465.. waiting for confirmation further to go long..
Best of luck and enjoy this ride
  • #5,184
  • Mar 5, 2008 10:19am Mar 5, 2008 10:19am
Quoting Hammad
okay i Longed from Dip after ISM news.. and Now my Two EU trades Hit take profit limits..
i don't look it wil come down unless 1.5320 and 1.5465.. waiting for confirmation further to go long..
Best of luck and enjoy this ride
good reading

5296 and then 5350
  • #5,185
  • Mar 5, 2008 10:29am Mar 5, 2008 10:29am
Tomorrow Euro will do a major drop!

That's my bet guys!

European finance Ministers and ECB players will raise their Euro Strength comments about this rate.
  • #5,186
  • Mar 5, 2008 10:33am Mar 5, 2008 10:33am
Quoting BoredToLoose
Tomorrow Euro will do a major drop!

That's my bet guys!

European finance Ministers and ECB players will raise their Euro Strength comments about this rate.


I agree... Or at least I'm hoping. I'm short from 5260.
  • #5,187
  • Mar 5, 2008 10:35am Mar 5, 2008 10:35am
Quoting BoredToLoose
Tomorrow Euro will do a major drop!

That's my bet guys!

European finance Ministers and ECB players will raise their Euro Strength comments about this rate.
Very true

I am too short at 5300 and waiting for tomorrow to see how much pips I can get
  • #5,188
  • Mar 5, 2008 10:56am Mar 5, 2008 10:56am
bet ya 5416 before 5144
  • #5,189
  • Mar 5, 2008 11:02am Mar 5, 2008 11:02am
Quoting Hammad
okay i Longed from Dip after ISM news.. and Now my Two EU trades Hit take profit limits..
i don't look it wil come down unless 1.5320 and 1.5465.. waiting for confirmation further to go long..
Best of luck and enjoy this ride
targets are same 1.5320 then 1.54 but according to the chart consolidation will remain intact until 1.52
  • #5,190
  • Mar 5, 2008 11:14am Mar 5, 2008 11:14am
FINALLY, all this time I say long and just want my 50 pips... Having a good past 6 days... 8 trades - 8 wins - 400 pips.

Probably going to enter long again on a retracement off the hourly chart due to the fact that the 3-hour chart is so clearly bullish.
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  • #5,191
  • Mar 5, 2008 11:31am Mar 5, 2008 11:31am
Hi, i'm new the forum!

I'm speculating on the EUR right now but I'm not sure where to enter and where to exit. Where do you think it will finally end up? I thought that it might be exhausted at 15283 because it hit resistance levels, but i guess i was wrong.
  • #5,192
  • Mar 5, 2008 11:50am Mar 5, 2008 11:50am
what is going on?
  • #5,193
  • Mar 5, 2008 11:56am Mar 5, 2008 11:56am
I don't see this move as much. Looks very weak. Still upper trend line resistance, so it hasn't even left the expanding range its been in this whole time. Just establishing the range further.
I'm not convinced enough to go long yet. It needs to reach past the 2 trend lines above it. You know with most euro$ tops there is a last push to new highs right before a fast reversal. Caution on any trades.

http://img412.imageshack.us/img412/1...lytrendvv2.gif
  • #5,194
  • Mar 5, 2008 12:05pm Mar 5, 2008 12:05pm
Quoting xxDavidxSxx
I don't see this move as much. Looks very weak. Still upper trend line resistance, so it hasn't even left the expanding range its been in this whole time. Just establishing the range further.
I'm not convinced enough to go long yet. It needs to reach past the 2 trend lines above it. You know with most euro$ tops there is a last push to new highs right before a fast reversal. Caution on any trades.

http://img412.imageshack.us/img412/1...lytrendvv2.gif
maybe not much uptrend left but theres a good 100 pips in it. Fib the last week and a realistic target of 1.54 appears - probably inline with your line of resistance?
  • #5,195
  • Mar 5, 2008 12:09pm Mar 5, 2008 12:09pm
I'm just going to hang loose for a while and see where it moves. Would be nice to cash in on a 100 pips though!
  • #5,196
  • Mar 5, 2008 12:16pm Mar 5, 2008 12:16pm
Quoting redsurfer
I'm just going to hang loose for a while and see where it moves. Would be nice to cash in on a 100 pips though!
Hey redsurfer,

Welcome to the forums! Are you new to forex? If so, I hope you are trying it out on a demo before losing all your money. Most people are here to talk about only EUR/USD, so if you want to learn how to trade, I would check out the Beginners section or Trading Systems. Anyway, if you aren't new to forex just ignore all the advice and welcome.

Best of luck,

Kevin
  • #5,197
  • Mar 5, 2008 12:19pm Mar 5, 2008 12:19pm
I've been actively trading for about 8 months now but i still have a ton to learn! This site is great. I've read up on the forums and such but still not 100% sure on my trades, all in good time. But it's something i've been studying for a while and thought i'd better get my feet wet, hopefully i'll still have my bank account in tact by the end of it!
  • #5,198
  • Mar 5, 2008 12:59pm Mar 5, 2008 12:59pm
Quoting redsurfer
I've been actively trading for about 8 months now but i still have a ton to learn! This site is great. I've read up on the forums and such but still not 100% sure on my trades, all in good time. But it's something i've been studying for a while and thought i'd better get my feet wet, hopefully i'll still have my bank account in tact by the end of it!
What you said above, hanging loose and watching...shows much wisdom already. I have been telling myself the same thing lately. I remember when I had better trading performance, I took days off from trading to purge bias, came back fresh and would be sure to watch and do some mental trades to get back in the groove with the price movement before going headlong. Somewhere along the way I forgot about that . Good trading!
  • #5,199
  • Mar 5, 2008 1:17pm Mar 5, 2008 1:17pm
Quoting TIckerShuffl
What you said above, hanging loose and watching...shows much wisdom already. I have been telling myself the same thing lately. I remember when I had better trading performance, I took days off from trading to purge bias, came back fresh and would be sure to watch and do some mental trades to get back in the groove with the price movement before going headlong. Somewhere along the way I forgot about that . Good trading!
Thats the key right there. Walking away for days or week or two. Come back fresh and do a couple mental to get in tune and then go small and scale in to big.
  • #5,200
  • Mar 5, 2008 2:28pm Mar 5, 2008 2:28pm
Quoting xxDavidxSxx
Thats the key right there. Walking away for days or week or two. Come back fresh and do a couple mental to get in tune and then go small and scale in to big.
Even its Good when you have done a trade , weather its good or bad. Give a break to yourself.. atleast 15 min .. go outside or walk little.. you wil be refreshed.. i do it.. and avoid mistakes.. try not to watch all the time charts.. don't over trade..
Don't watch More and more small time frames, more randomness will come and you will lost.. 1st get experience with big Time frames then come to small time frames.
P.S when you start losing money, Go back to demo to test your system and do more demo to make you strong and to get back your confidence level. i had passed through these all levels...
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