EURUSD

2944? Do you mean 2844?

i think it will go that high then retrace i was planning on getting a nap.. and had a entry to short it at that price.. 1.2944

is that posibe eur usd will go down today and till what target help

Have you studied any books before on the Forex?

The worst trading day I have had for a long time. Am going to go through everthing I have done today and hope to find out where and when I went so badly wrong.

Good Trading.

In a round-about way I was saying that the recession times in the US (90-91) Manufacturing and trade, (2001 - 03) Dot com bubble, and current all coincide with a weakening of the Euro with the 01 -03 recession the worst where the Euro dropped below even money for awhile.

Okay, so I am a history buff

First: No intention for bashing the trader (Elghoz). Not personal.

I feel a little down when I read a post/request/plea for help/etc like this one.

I realize it takes all kinds to make a market and without a retail component,
the forex market just wouldn't be the circus that we've all come to love and enjoy.

The sobering part, however, is that there are soooo many people who have placed themselves
in the same boat. They weren't pulled into the boat or forced into the boat, mind you.
They got in the boat willingly and agreed to the rules aboard the ship.
Who knew it would be Captain Ahab at the helm ? Call me Ishmael.....

Anyway, It is just wrong to put money into a trading account, place a trade,
then go upto a message board, even one as well constructed as Forex Factory,
to look for guidance post-facto on how to manage the trade.

If this is the plan, then the plan is flawed.

AGAIN: No intention for bashing the trader (Elghoz). Wish him godspeed and enlightenment.

Just in general, it isn't the way it's supposed to be done.

Wrong way:

1)look at chart, make a decision about direction.
2)place trade, enter long or short.
3)wait
4)wait some more
5a) market is in your favor so you close position, cut your profits
learn nothing from the trade, repeat the process until 6) occurs
OR
5b)market moves against you, stop is either too close or too far away.
Money management is not correctly applied. Too much leverage.
THEN
6) go upto Forex Factory. Sign in. Look for a bunch of people posting stuff
that sound like they know what they're talking about.
(BTW: many of them DO know what they're talking about, but it doesn't matter in this case)
Ask for advise about how to manage trade.
7) After advise is given, maybe multiple times, if it's not what you want to hear,
disregard advise and begin to hope, pray, negotiate with providence, whatever.
8) lose your ass

That's the wrong way.

If Richard Dennis himself called me on the phone and told me what to trade and when,
it would be folly to listen to him or anyone else directly without making up my own mind.

I would extend the post by adding some idea about what is "the right way",
but doing so in and of itself would infer I have some special answer. I DO NOT.

What works for me may not work for someone else and I think that's the other point.
If there is a right way, then it's what ever works for you. But it has to work, else it's not good.

And it should be yours. Your "system", your method (better than system), YOUR TRADE.
If it's yours and it works, Voila ! You're a trader !! Congrats ! Enjoy that money.

like what give me some name

its just me and not my money.. i would wait to see what happend before re-entering a short right now..short term...im a bear but i dont think this is the optium time for entry... personaly i would wait to see if it hit 2900 but that me.. and hate even saying this .. since im am really bullish on the dollar longer term..my personal entry is 1.2944ish.. not gonna tell you why... yet... or find a s/r near this area.. with a tight sl maybe 20 (mine larger)pips.. .. cause my entry after this is much higher...im just a nut on the net so dont bet on me... i do make bad calls... the secret is cut your losses and let winners run... i hate to give advice cause this might be the bad one..and if the pair is moving fast you may want to cacell entry.. im off for a nap good luck!!!

guy are dump or something go do some learning a baby pips for couples months

long uc 1.24076 starting to move now.. take a peek

night! good pippin

i am 200 pips short of my target but this dead cat doesn't look so healthy, it is more like a squeeze to me.

good luck to any bulls out there
i am done for today

anybody share me that eur usd will go down till 1.2731

do u mean that it will go down or what

sounds like you got in a short position there. hope you use good management and stop loss as well as having a trading plan.

to answer your question, i see us going back down to the 1.2775-1.2790 area. That would retest the previous strong resistance at 1.2775 (fridays low) to make sure it is strong support again as well as test the lower wall of this current uptrend within the bigger downtrend. To go to 1.2731 means a hard continuation down with new lows in sight which is debatable at this point.




sidenote: if we break 1.2920....theres almost no chance of reaching 1.2731 in the near future...

being bullish means you buy the dips
bearish you short the rallies

what you do is up to you, of course
but being countertrend is not advisable in early stages

hi hope anyone give me advce idid sell from 1.2822
what i shall do keep it or i close trade

I wrote a long post a page or so back hoping it would help. No luck.

Next advise is, "...when in doubt, get out...."

May not be the correct market call, but goes to managemnt of risk.

Although many here may know much more than others (myself included),
NOBODY knows with certainty what the market absolutely will do.

Can anyone disagree ?

Guys, check his ((elghoz)) back posts... dozens of them all saying the same thing. I'd let it go, even if it means he takes me off his buddy list.