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EURUSD

  • #7,521
  • Apr 27, 2008 9:26pm Apr 27, 2008 9:26pm
Quoting bye2000
B

15591
15543
15495

S

15667
15715
15763

Be With Trend
Problem is it's hard to know what the trend is AHEAD of the time.
Expected the unexpected
  • #7,522
  • Apr 27, 2008 9:37pm Apr 27, 2008 9:37pm
Quoting scyang
Problem is it's hard to know what the trend is AHEAD of the time.
You can have clues on the longer term trend, just look at the daily/weekly chart...
  • #7,523
  • Apr 27, 2008 10:45pm Apr 27, 2008 10:45pm
Quoting Aad
You can have clues on the longer term trend, just look at the daily/weekly chart...
I would think that most private traders on this forum can only focus on the day-to-day price action since most of us can't afford a 200-pip drop and wait for things to come back up in our direction.
Expected the unexpected
  • #7,524
  • Apr 27, 2008 10:56pm Apr 27, 2008 10:56pm
Quoting scyang
I would think that most private traders on this forum can only focus on the day-to-day price action since most of us can't afford a 200-pip drop and wait for things to come back up in our direction.

I look at the data from the big time frames so i can trade the smaller time frames....the fibbs in the daily chart hold more support or resistance so I am aware of this levels when i trade in the 1 hour chart...
  • #7,525
  • Apr 27, 2008 11:04pm Apr 27, 2008 11:04pm
currently looking neutral to early decide a trade.....wait for franky open and see price direcion....

Price broke my intraday fibbs to go short and broke support to go long...I believe more bearish though we are breacking the trendline i would wait for more movement in the market....looking to see if resistance do hold...we have a major support at 5620....so its undecided....once again the key here is time...if i get a clos above itraday long at franky time i would take it since then we would be bullish ....any long trade long now i would treat as a scalp....sentiment in the market is still bearish to me as long as we are below intraday long...

Attached Image (click to enlarge)
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  • #7,526
  • Apr 27, 2008 11:19pm Apr 27, 2008 11:19pm
Quoting scyang
I would think that most private traders on this forum can only focus on the day-to-day price action since most of us can't afford a 200-pip drop and wait for things to come back up in our direction.
If you enter a E/U trade and it went 50 pips against, consider that a lesson learned in bad positioning and let that position close. Then use Jacko's Anti-Hedging rule to let the market pick up that fallen trade once it resumes back to its major trend. That works if you are trading in direction of the major trend in the first place. Use fibs and trend lines to position your orders on the daily, h4, or h1 chart.

Over trading and trading against the trend will mostly bring losses in the long run...JMHO!
  • #7,527
  • Apr 27, 2008 11:39pm Apr 27, 2008 11:39pm
Quoting Ultraman
yerp scyang i expecting EURUSD will be up and take long post in the next monday..

50pips hit my target on EURUSD i'm just take long post,
good start for today
  • #7,528
  • Apr 27, 2008 11:52pm Apr 27, 2008 11:52pm
Quoting Ultraman
50pips hit my target on EURUSD i'm just take long post,
good start for today
good for u.. what about the rest of the day... do you still think it going north ..
  • #7,529
  • Apr 28, 2008 12:05am Apr 28, 2008 12:05am
Quoting peszals
good for u.. what about the rest of the day... do you still think it going north ..

ahakz, the rest of the day, i don't know yet...
i went short at 1.5640 at TF15M just collect a lil pips only

PS : we should go long soon dont worry
  • #7,530
  • Apr 28, 2008 12:09am Apr 28, 2008 12:09am
Quoting Ultraman
ahakz, the rest of the day, i don't know yet...
i went short at 1.5640 at TF15M just collect a lil pips only

PS : we should go long soon dont worry
ultraman... how to read ur tpl...
  • #7,531
  • Apr 28, 2008 12:19am Apr 28, 2008 12:19am
Quoting peszals
ultraman... how to read ur tpl...
huh my short fail,
i thought it will be down in 10-20pips LOL..
now i got floating USD170 LOL..
  • #7,532
  • Apr 28, 2008 12:23am Apr 28, 2008 12:23am
Quoting Ultraman
50pips hit my target on EURUSD i'm just take long post,
good start for today

gd 1..man..

am still holding my EU short...
  • #7,533
  • Apr 28, 2008 12:24am Apr 28, 2008 12:24am
Quoting Ultraman
huh my short fail,
i thought it will be down in 10-20pips LOL..
now i got floating USD170 LOL..
Do you expect this thing to gain back what it lost last Thursday and Friday?
Expected the unexpected
  • #7,534
  • Apr 28, 2008 12:26am Apr 28, 2008 12:26am
Quoting sonicdeejay
gd 1..man..

am still holding my EU short...
i'm just close my post short at -USD200
i dont want swap out my profit today
  • #7,535
  • Apr 28, 2008 12:32am Apr 28, 2008 12:32am
Quoting scyang
Do you expect this thing to gain back what it lost last Thursday and Friday?
my loss already recover last friday...
now total net profit today : +30pips (USD300)
  • #7,536
  • Apr 28, 2008 12:43am Apr 28, 2008 12:43am
Quoting Ultraman
my loss already recover last friday...
now total net profit today : +30pips (USD300)
u using mini acc..??

what is ur levearge lik??


sonic
  • #7,537
  • Apr 28, 2008 12:46am Apr 28, 2008 12:46am
thought I'd share this with everybody - happy trading today/tonight - where ever you are.


MNI EURO-DOLLAR TECHS: Bearish Candlesticks
RES 4: $1.5865 Intraday high/lows
RES 3: $1.5790 50.0% retracement of $1.6020-$1.5555
RES 2: $1.5760/68 5 21-day moving average
RES 1: $1.5705 Hourly high
CURRENT LEVEL: $1.5642
SUP 1: $1.5550/55 Hourly low Daily Bollinger band base
SUP 2: $1.5500/11 2% moving average envelope Low 3 April
SUP 3: $1.5389 38.2% retracement of advance from $1.4369
SUP 4: $1.5344 Recovery low 24 March
COMMENTARY: 3-black crows on candlestick charts and a bearish outside
week follows the break of 1-month support line along with the bear-cross
of the 5 & 21-day moving averages keeping near-term attention lower.

SeerEye

p.s. IMHO - I will be personally be wary of any long positions for myself. I'll just be scalping pips up or down and they become available.
Pip what you see; See what you pip!
  • #7,538
  • Apr 28, 2008 12:47am Apr 28, 2008 12:47am
Quoting sonicdeejay
u using mini acc..??

what is ur levearge lik??


sonic
yerp, mini acc
my leverage 1:400 for FXCM and IBFX
  • #7,539
  • Apr 28, 2008 12:49am Apr 28, 2008 12:49am
Quoting Ultraman
yerp, mini acc
my leverage 1:400 for FXCM and IBFX
1:400

1 pip = 10 US??

u must have deposit more than 10K then!!!

Rich dude!!


sonic
  • #7,540
  • Apr 28, 2008 12:50am Apr 28, 2008 12:50am
News:
EUR/USD (1.5646)
European & US sessions forecast levels: 1.5555/1.5770
Trend Sessions: European: Neutral/Upward
US: Neutral/Upward
Market Focus: 2:00 AM German Consumer Confidence, 3:00 AM ECB President Trichet Speaks.
Daily Strategy: The most important news that will move the forex market this week is the expecting FOMC policy statement. It is expecting on Wednesday. The traders predict the Fed to cut the interest rates with 25 bps to 50 bps. It is very important how the Fed will act having a mind the inflation and the spread crisis over all economic sectors. For today the trading strategy is to open long positions, as buy on dips. We are predicting slowly movement of EUR/USD up and in the coming days to see new test of the record above 1.60.
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