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EURUSD

  • #41,501
  • Oct 24, 2008 6:43am Oct 24, 2008 6:43am
oRGR on 5 min. L 1.2585 SL 1.2551 TP 1.2660
{Promotion Removed}
  • #41,502
  • Oct 24, 2008 6:46am Oct 24, 2008 6:46am
Quoting forexsystems
oRGR ?
orgr?
  • #41,503
  • Oct 24, 2008 6:47am Oct 24, 2008 6:47am
I am starting to get the feeling that not trading till monday open (UK) might be the best move as well.

As a new member I see everyone has an idea on where the market is going but no one actually knows... each system has its faults a merits.. and the market is unbalanced as even the most experienced traders don't seem to know where to go or what to do.

If I wanted to make a few quick pips on EUR/USD should I toss a coin?
  • #41,504
  • Oct 24, 2008 6:53am Oct 24, 2008 6:53am
12547 still holding. but how long? good short.

need superman g strings to stay long after this? but wait for the close on a 1-5 min.... might look real bad on a 1 x min but let the 5 do its job.
  • #41,505
  • Oct 24, 2008 6:55am Oct 24, 2008 6:55am
I got a sell at 1.2600.

Waiting to add at every lower high of 5m down to 1.2450.

Crossing fingers[/quote]



Price stalled. Got out for 3 pips. Gonna use the profits to buy gums.
  • #41,506
  • Oct 24, 2008 6:55am Oct 24, 2008 6:55am
Quoting eddiemiller
As I am new too, let me check I understand what you are saying:

- you think the EUR/USD price will go UP and you have a small drop in case it goes down?

Current price 1.2560

Take profit at 1.2800 (for example)

Get out fo the trade (loss) at 1.2510

right?
Correct your right so far the sudden drop has stop so im brave enough to go long using my earlier gained profits.
  • #41,507
  • Oct 24, 2008 6:58am Oct 24, 2008 6:58am
I'm just going to observe this situation closely I have my fibs etc. I'm not going to trade this with my Live account. I'll just wait and see and learn

The markets won't run away--even if we fall another 10cents in this session
  • #41,508
  • Oct 24, 2008 6:58am Oct 24, 2008 6:58am
I love the fact that the first post of this thread in Mar 27, 2004, the OP was talking about his trade at 1.2176. Its great to see a cyclical market real-time
  • #41,509
  • Oct 24, 2008 6:58am Oct 24, 2008 6:58am
my bread and butter trade.


break of the 1hr with change of trend finally on stochatics going long 30 pips... wait for pull back or dont.......simple trading many times per day.
  • #41,510
  • Oct 24, 2008 6:58am Oct 24, 2008 6:58am
I've just back home. Am I see correctly? EU almost 500 pips down and GU almost 1000 pips down in few hours!?

GJ 2000 pips?!

This are the largest moves I have ever seen.
  • #41,511
  • Oct 24, 2008 7:00am Oct 24, 2008 7:00am
long on break of inside bar..
  • #41,512
  • Oct 24, 2008 7:01am Oct 24, 2008 7:01am
Quoting eddiemiller
I am starting to get the feeling that not trading till monday open (UK) might be the best move as well.

As a new member I see everyone has an idea on where the market is going but no one actually knows... each system has its faults a merits.. and the market is unbalanced as even the most experienced traders don't seem to know where to go or what to do.

If I wanted to make a few quick pips on EUR/USD should I toss a coin?
LOL

that's forex. It's a guessing game. thanks why you can't take it to serious less you will go mad trying to "predict."
  • #41,513
  • Oct 24, 2008 7:01am Oct 24, 2008 7:01am
stop 12560
  • #41,514
  • Oct 24, 2008 7:03am Oct 24, 2008 7:03am
Quoting magictrader
I've just back home. Am I see correctly? EU almost 500 pips down and GU almost 1000 pips down in few hours!?

GJ 2000 pips?!

This are the largest moves I have ever seen.
tune into bloomberg or CNBC on tv. There is a 'limit down' constraint enforced on Nasdaq, S&P 500 and Dow until the exchanges open for the day.
  • #41,515
  • Oct 24, 2008 7:03am Oct 24, 2008 7:03am
Quoting magictrader
I've just back home. Am I see correctly? EU almost 500 pips down and GU almost 1000 pips down in few hours!?

GJ 2000 pips?!

This are the largest moves I have ever seen.
The credit markets and currency markets are losing their collective minds.

Guy from PIMCO said US needs to cut rates next few days. Could be over the weekend.
  • #41,516
  • Oct 24, 2008 7:05am Oct 24, 2008 7:05am
whoever went short from 1.30 is looking good. Not me, sadly.

These types of moves are the ones you don't want to get caught on the wrong side of.
  • #41,517
  • Oct 24, 2008 7:05am Oct 24, 2008 7:05am
a new hour bar.. opens and goes stright down... perfect.
  • #41,518
  • Oct 24, 2008 7:06am Oct 24, 2008 7:06am
1hr bar
  • #41,519
  • Oct 24, 2008 7:08am Oct 24, 2008 7:08am
Tiger Hunter, please, would you use NORMAL FONT SIZE next time. Your post take up lots of space on this thread. Please, please be courtesy. And for the 2nd time in the last 24 hrs, STOP saying what you already which I corrected you already http://www.forexfactory.com/showpost...ostcount=41193

Again, this is not sports betting where ones has to manipulate the public to put all bets on 1 side so that he/she can put the bet on the other side which is the side of BOOKIE wants to win because they will win more and pay out less. In Forex, EVERYTHING IS TRANSPARENT TO EVERYONE AROUND THE WORLD. So doesn't matter if the whole forum said it is going up/down mean it will go up or down. It is all vivid on the chart. No one can manipulate anyone. And since we are all on this together, why would I or anyone want the whole world to go the opposite way? We want as many people to go in the same direction so that price has much more momentum. Plus think about this, if the majority of the trader is shorting or say buying.....and I mean 80% of trader around the world, where do you think price is going???? Ofcourse in that direction. NOT THE OPPOSITE DIRECTION. So PLEASE DO NOT SAY STUPID THINGS LIKE WHAT YOU SAID BELOW after ones (in this case ME) already point it out to you. Plus how many "FRESH" trader email you? YOu, yourself and you.

I never have the intention irritate someone....that's not my nature. But you arrogantly keep repeating the wrong thing.




Quoting Tiger Hunter
hi guys

many of the fresh traders send me posts that they suffered a lot of losses while they was try to catch a retrace may happen or not.

but i posted from time ago to warn you guys about the tricks used in threads to let the newbies (majority) take another direction against (minority), this move we call it (news)


and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up .

and make it obvious to you about the trend guys.

from the day i start to post in euro+cable a 2000 pip drop
and still the trend is down.

and i still predict more bearish activity coming .


and here my red arrows describe my future levels for today and the coming weeks.

trade well.
  • #41,520
  • Oct 24, 2008 7:09am Oct 24, 2008 7:09am
Time to go up.
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