EURUSD

Hi All,

Just wanted to share with you something NOT to do:

I wisely closed all my orders before the rate cut announcement and thought I'd jump on the short train (most probably) after that. Despite of reading a very wise post here that it's the press conference after that will drive the market, on seeing the dive my greed prevailed and I jmped in once again overexposing my account and than the nice part began with the rapid ups and downs causing me to lose my cool and doing the stupidest "by the book" mistakes. As a result I am just comming to the balance I had before the rate announcement instead of being substentialy better.
More people died of greed than were killed in wars. I will carve this on my desk.

Now I would like to share an observation of important R/S levels.

1.4124 - 423.6%

1.3434 - 261.8%

1.3011 - 161.8%

1.2745 - 100%

1.2573 - 61.8%

1.2530 - 50%

a hundred percent value taken from the ever ranging november weeks (remember when the opening weekly price was the same as the closing one). I have kept those from that time and so far they have proven very important levels.
My question to people with longer experience is on the meaning of that. Does that mean that the 1.27xx is a longer term pivot (i.e does it mean that in the next few months we are likely to see oscillation arround this value)?
Do you have prior experience like this (i.e. weekly fib levels which than prove to be very important R/S for months ahead)?

Good profits to All

Thankyou TradeWell

somethig else. I have pending limit buy at 1.3000 and think to close the hedge after I ride it a good 55 pips, close it and continue with the trend. What do you think of it?

This 15M Candle closed below my line and stopped to the pip at it.
I prefer to see next candles to decide to enter for a 100 pip trade!

I have Cross lines, and important ones, there will be a heavy fight here!
Beware False Breaks, maybe we will not going anywhere!!

I am trying a long again (after my big failure last week), from 1.3060.

does any have some ideas if goes know to 1.3093, do it will bounce down again?

thanks... didn't think it was me... spread widened to 10 pips, then i couldn't even get a trade on, login.. logout, login, rare old game,

they just lost me as a client.

Hey there D, if it doesn't work out for you, can I have your coffee maker?

Was Daily support 1 on my chart. Now it may have just become a resistance!

Now she's sitting on old resistance1.30xx yet very powerfull!! a drop below here there will be to much room drop quickly!

But if it goes well .. I gift you a coffee maker

Yes...BIG TIME trouble.

Going on over a week now. Today is REALLY bad, though. Do you mind me asking where you're from? I'm in Toronto. They say it is really bad here. Kinda funny that they have offices here too.

Best of luck

Yes, I think their quote was lag, I know because I open 1 another windows from mt4. screen freeze for 3-4 min, and slippage about 10 pips. how about your problem beeps?

Well, if we ever get over there... we'd have some good times that have nothing to do with trading I'm sure.

((This is a friend of ours that runs a little bit of "heaven on earth" hole in the wall in a very unlikely place... http://www.alaskacoffeeroasting.com/index.html ))

I´m in San Francisco and I didn´t experience any problems with Oanda.
Platform has been running stable and fast for more than 4 hours.

Post ((and chart)) above from the 12th. Target hit to the bottom of the green zone, but unfortunately not by the trade I was in as those got stopped out, and the re-entries were nothing worth posting about.

Oh well... Now if I only knew what to do next.

Now we are two, if we find another one we might make a club

Check out the 1 hour chart for the morning star formation. Possible reversal?

Go for 55 pips!!

GL!!

Only for next 8 Hours.

Market will move again then!!

Short, Short Term Neutral
Short Term Bearish
Short Medium Term Bullish
Medium Term Neutral/Bearish
Long Term Bearish!!