I know that we are not oracles, anything can happen, money management is a key, probabilities etc, Been there done that.
Thanks again I won't bother u anymore.
Don't do what Donny Don't does 52 replies
Today's news - I don't get it! 35 replies
I don't get it, it is just not right 22 replies
Ok I don't get it please help 73 replies
Ok I don't get it!! 4 replies
DislikedI am positioning for the dollar to begin weakening again. Sure it is not what you are reading on the right side of the board here with all the stories but that is exactly the point. Ask yourself a simple question, "Why am I buying the dollar?" It has been a story of..."Well armageddon and the dollar is the best of the worst"
I think the dollar play is wearing very thin personally. Look at a long term chart and you will see a secular downtrend in the dollar, no one can argue this. We are printing dollars like there is no tomorrow. Consider...Ignored
Disliked1) You're forgetting that following the money is how you make money in trading, i.e getting on the bandwagon.
2) The price action on your chart suggests an upside break of your mid trend line, look at the last rejection of the line, followed by a move back up to it. This to me looks like the support is stronger than the res.
I do not know what you are trying to achieve entirely by this thread. But suggesting people to trade counter "current" trend (i.e the micro trend that is up on your monthly chart) is going to burn alot of fingers. Especially...Ignored
Disliked...suggesting people to trade counter "current" trend (i.e the micro trend that is up on your monthly chart) is going to burn alot of fingers. Especially since there are people around that hang on everyones every word.Ignored
DislikedConsidering most people on here are scalpers, you are right there. If they want to trade the 5 min chart and base it off a trend 10 time frames above, it's their own stupidity.
DRT does have a valid point though, secular trend for the USD is still {at this stage} down.Ignored
DislikedI am positioning for the dollar to begin weakening again. Sure it is not what you are reading on the right side of the board here with all the stories but that is exactly the point. Ask yourself a simple question, "Why am I buying the dollar?" It has been a story of..."Well armageddon and the dollar is the best of the worst"
I think the dollar play is wearing very thin personally. Look at a long term chart and you will see a secular downtrend in the dollar, no one can argue this. We are printing dollars like there is no tomorrow. Consider...Ignored
DislikedI just used the 5 min chart for entry @ e/u 2791 evaluating sun.daily chart and I considered my weekly trend guide @ 2808 and squared @ 2945 as it hit my daily high area.
I left a small amount on the table as I did from 2580 area.
Now Im back considering the 5 min. again looking for direction from 2952 area.
3305 is my guide for monthly trend guide
As I believe it all starts with the 5 min.
Are we going to continue down with the trend at this time or not ? Who knows?
Im going to follow the 5 min ,15, 1hr, 4hr at this point in time.
speaking...Ignored
DislikedWhat you're doing is fine bud. Fine tuning your entries on lower time frames is all good.
The problem lies when people base their trades off a trend way too many times frames above their trading style.
For example, if I plan to scalp 20 pips, the monthly, weekly or daily trends have no bearing on my decision. I'll trade with the trend on the specific time frame I'm trading.Ignored
Dislikeddont get sucked in buy EURO strengh! ha ha ha there is notrhing of value out there now apart from GOLD!
most the majors are messed up.
hey downriver trader I bought the eur/usd yesterday afternoon based of your recomendation I lost 180 pips thanks alot.......
Joking but come on what value is in the euro zone??? NOTHING! the world is in a mess.... accpet it and realise while the fear is here the USD will rise and GOLD will rise.
I am bearish as hell on the euro AND i PICKED UP 160 ON MY SHORT LAST NIGHT..... i WILL CONTINUE TO SELL THE RALLIES...Ignored
Disliked
180 pips hey? Go back to the hourly chart please.
While DRT may be making a bold prediction at the risk of being cut down by the tall poppy syndromers, at least he's got the balls to throw it out there. He is talking LONG term - find out what secular trend means as it is clear you have no clue by jumping into a trade off what someone has said on a public form.
The main point is that the secular trend is down. It will remain so until the market proves otherwise.
I'm certainly not bottom picking and jumping all in, will wait for...Ignored
DislikedI am positioning for the dollar to begin weakening again. Sure it is not what you are reading on the right side of the board here with all the stories but that is exactly the point. Ask yourself a simple question, "Why am I buying the dollar?" It has been a story of..."Well armageddon and the dollar is the best of the worst"
I think the dollar play is wearing very thin personally. Look at a long term chart and you will see a secular downtrend in the dollar, no one can argue this. We are printing dollars like there is no tomorrow. Consider...Ignored
DislikedThe good news is that the BEST asset class to be in is.... currencies. All other asset classes, especially property and stocks, are falling with no real option of capitalising on those falls. (I am discounting Futures because I think that Forex is a "safer" market to be trading). Gold is a dubious option, as Gold is priced on the dubious assumption that one day we will be forced to go back on a Gold standard... And I don't believe that we will ever go there again.
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