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- Post #14,445
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- Jul 14, 2008 5:48am Jul 14, 2008 5:48am
- | Joined Jul 2008 | Status: Member | 70 Posts
- Post #14,446
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- Jul 14, 2008 5:49am Jul 14, 2008 5:49am
It's funny how much noise there is every time we get to a major resistance
level. Trying to keep an open mind.
(Hope it doesn't fall out)
Still long though.
1.5850 stopped out @ +5
1.5838 stopped out @ +5
1.5817 +45
1.5770 +93
1.5570 +293
level. Trying to keep an open mind.
(Hope it doesn't fall out) Still long though.
1.5850 stopped out @ +5
1.5838 stopped out @ +5
1.5817 +45
1.5770 +93
1.5570 +293
- Post #14,447
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- Jul 14, 2008 5:55am Jul 14, 2008 5:55am
- | Joined Oct 2007 | Status: Member | 618 Posts
- Post #14,448
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- Jul 14, 2008 6:11am Jul 14, 2008 6:11am
good morning everyone !!
i don't know yet if going long or short but at least i see that i agree with everyone. critical level now @ 1.5840/60 ..
*oil & gold are down so i expect price may break 38.2 fib retracement (4H chart)... else, targets are for -> 1.6040/60
..
this is my picture
i don't know yet if going long or short but at least i see that i agree with everyone. critical level now @ 1.5840/60 ..
*oil & gold are down so i expect price may break 38.2 fib retracement (4H chart)... else, targets are for -> 1.6040/60
..this is my picture
... /$ -> LONG
- Post #14,449
- Quote
- Jul 14, 2008 6:29am Jul 14, 2008 6:29am
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
- Post #14,450
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- Jul 14, 2008 6:32am Jul 14, 2008 6:32am
Just a friendly word of advice for newbees in the FX-Market...
Be very cautious trading at levels like currently where there is major resistance or support, better to watch and learn or try out trading tactics via a demo account.
Dont let yourself be influenced by "touters" who want to make you believe..it will go up..or it must go down...
Forex can be thrilling and exciting..but she has no mercy...the market can change within minutes and before you know it...your hard earned money is gone..
I'm still learning each and everyday..after many years of professional trading.
Having said that trading can be very profitable, once you worked out which indicators, charts and trading techniques suit your own style...with well chosen entries, stoploss and proper hedge techniques..
I think forums like these are a great tool to share information and experience...but always read everything neutral..in the end its your money on the line..or in your pocket..
Be very cautious trading at levels like currently where there is major resistance or support, better to watch and learn or try out trading tactics via a demo account.
Dont let yourself be influenced by "touters" who want to make you believe..it will go up..or it must go down...
Forex can be thrilling and exciting..but she has no mercy...the market can change within minutes and before you know it...your hard earned money is gone..
I'm still learning each and everyday..after many years of professional trading.
Having said that trading can be very profitable, once you worked out which indicators, charts and trading techniques suit your own style...with well chosen entries, stoploss and proper hedge techniques..
I think forums like these are a great tool to share information and experience...but always read everything neutral..in the end its your money on the line..or in your pocket..
- Post #14,451
- Quote
- Jul 14, 2008 6:39am Jul 14, 2008 6:39am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- Post #14,452
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- Jul 14, 2008 6:46am Jul 14, 2008 6:46am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
TRADE FOR SWAP
- Post #14,454
- Quote
- Jul 14, 2008 7:36am Jul 14, 2008 7:36am
I think selloff will continue in London session. Another 50 to 60 pips drop easily.
5.00am industrial production m/m medium risk. expecting -.6%. If actual shows below that number then expect 100pips drop top of asian drop.
All my indicators showing bearish. Expecting to see it 1.5700 level within next two days.
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- Post #14,456
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- Jul 14, 2008 7:42am Jul 14, 2008 7:42am
- | Commercial Member | Joined Jul 2006 | 2,566 Posts
- Post #14,457
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- Edited at 8:18am Jul 14, 2008 7:58am | Edited at 8:18am
- Joined Oct 2007 | Status: follow momentum. | 1,202 Posts
Just a friendly word of advice for newbees in the FX-Market...
Be very cautious trading at levels like currently where there is major resistance or support, better to watch and learn or try out trading tactics via a demo account.
Dont let yourself be influenced by "touters" who want to make you believe..it will go up..or it must go down...
Forex can be thrilling and exciting..but she has no mercy...the market can change within minutes and before you know it...your hard earned money is gone..
I'm still learning each and everyday..after many years of professional trading.
Having said that trading can be very profitable, once you worked out which indicators, charts and trading techniques suit your own style...with well chosen entries, stoploss and proper hedge techniques..
I think forums like these are a great tool to share information and experience...but always read everything neutral..in the end its your money on the line..or in your pocket..
Great post!
trend turn starting to build, I am long. Very early to be certain but I and seeing signs on the euro chart. I have a target at 1.5885 see if we get there.
Not much on this trade as It's a real maybe.
** UPDATE Long scraped - 25 1 x 10,000 lot ***
- Post #14,458
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- Jul 14, 2008 8:01am Jul 14, 2008 8:01am
- | Commercial Member | Joined Jul 2006 | 2,566 Posts
- Post #14,460
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- Jul 14, 2008 8:03am Jul 14, 2008 8:03am
- | Commercial Member | Joined Jul 2006 | 2,566 Posts