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Attachments: EURUSD
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EURUSD

  • #9,601
  • May 21, 2008 3:05am May 21, 2008 3:05am
ouch, SL hit.
  • #9,602
  • May 21, 2008 3:05am May 21, 2008 3:05am
?
Quoting emda
LOL
that's why I don't trade the news
HOPE YOU GOT OUT OF THAT ONE IN TIME
http://www.forexfactory.com/images/icons/icon9.gif
All that is left in FF is just plain garbage. "Cloggie"
  • #9,603
  • May 21, 2008 3:06am May 21, 2008 3:06am
How much further up can this thing go?
  • #9,604
  • May 21, 2008 3:06am May 21, 2008 3:06am
Gah 4 sec too short to get in on that 60pip move. Good news for the uptrend though.
  • #9,605
  • May 21, 2008 3:06am May 21, 2008 3:06am


This is one for the books, for sure... my stop was set to 1.5665 - was hit @ 1.5680.
  • #9,606
  • May 21, 2008 3:07am May 21, 2008 3:07am
Closed out at +30 pips.. Im scared this thing is overbought for now, and all those with the short positions will start to come in. I just want to be safe
  • #9,607
  • May 21, 2008 3:08am May 21, 2008 3:08am
Quoting GriffCo
Gah 4 sec too short to get in on that 60pip move. Good news for the uptrend though.
Make that 100 pip move.
  • #9,608
  • May 21, 2008 3:10am May 21, 2008 3:10am
Quoting tonyo524
?

HOPE YOU GOT OUT OF THAT ONE IN TIME
http://www.forexfactory.com/images/icons/icon9.gif
yes... I had the trade stop at break even.. got some pips going down before the news.. because forecast was bad.. but closed before the news because surprises can happen.. as it ahs happened...
it had momentum up... and a surprise news was the last ingredient for the explosion... but I don't trade now will be back in 1 hour.
  • #9,609
  • May 21, 2008 3:10am May 21, 2008 3:10am
What was that all about!!
  • #9,610
  • May 21, 2008 3:10am May 21, 2008 3:10am
Quoting Subdude
Make that 100 pip move.
it was a full 100 pips move which is nearing the average market range... hope no one longed after the 5700 mark

I can see short positions bringing this thing down soon.
  • #9,611
  • May 21, 2008 3:13am May 21, 2008 3:13am
Quoting Dabek FX
How much further up can this thing go?
EUR/USD has been in an upward trend for over 2 years. It's simply been in a dip and now it's back in the direction of the trend.

I won't be surprised if it goes way past 1.6019.

http://www.forexfactory.com/showpost.php?p=2009806&postcount=9541

Rob
  • #9,612
  • May 21, 2008 3:14am May 21, 2008 3:14am
Quoting Dabek FX
it was a full 100 pips move which is nearing the average market range... hope no one longed after the 5700 mark

I can see short positions bringing this thing down soon.
Shorted @ 1.5716... let's see if this entry point works better for me than my first one.
  • #9,613
  • May 21, 2008 3:15am May 21, 2008 3:15am
I got out of EURUSD 10 secs b4 the move- I can see why some people don't use stops
  • #9,614
  • May 21, 2008 3:21am May 21, 2008 3:21am
Look at Daily chart, it's exactly Fibo level where this pair stops.

And also there is some divergence, so maybe retest of the bottom of that up channel.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.GIF Size: 19 KB
  • #9,615
  • May 21, 2008 3:31am May 21, 2008 3:31am
Quoting magictrader
Look at Daily chart, it's exactly Fibo level where this pair stops.

And also there is some divergence, so maybe retest of the bottom of that up channel.
yes good divergence.. but still risky.. big news driven
http://www.forexfactory.com/showthre...t=87088&page=2
  • #9,616
  • May 21, 2008 3:34am May 21, 2008 3:34am
One thing I learned from sunday night... dont put a position before news comes out
  • #9,617
  • May 21, 2008 4:13am May 21, 2008 4:13am
Friends
have been trading for over 7 years now with consistent results ..

Seriously the only thing i always like to advise (if my advise is at all needed) .. is to STOP news trading and scalping .. it wont work in the long run (not even in the medium run) .. if you seriously want to invest and grow your money .. take a longer time frame .. with very simple indicators.

If news trading and scalping are what you feel you do best - then maybe its time to take stock.
  • #9,618
  • May 21, 2008 4:46am May 21, 2008 4:46am
Quoting gmohata
Friends
have been trading for over 7 years now with consistent results ..

Seriously the only thing i always like to advise (if my advise is at all needed) .. is to STOP news trading and scalping .. it wont work in the long run (not even in the medium run) .. if you seriously want to invest and grow your money .. take a longer time frame .. with very simple indicators.

If news trading and scalping are what you feel you do best - then maybe its time to take stock.
Can you tell us what time frame you use and what indicators? Maybe a few hints on your strategy. Thanks.
  • #9,619
  • May 21, 2008 5:06am May 21, 2008 5:06am
May be now is time for short? In H1 there is divergence with MACD, m`i right?
Listen for your inside voice
  • #9,620
  • May 21, 2008 5:12am May 21, 2008 5:12am
yes, there is divergence, and look at H1, there is a pin bar.

If we get a confirmation it should go down.
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