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EURUSD

  • #78,261
  • Mar 20, 2009 5:35am Mar 20, 2009 5:35am
spectacular! Incremetn the short position
  • #78,262
  • Mar 20, 2009 5:37am Mar 20, 2009 5:37am
wow look at it go, beautiful
  • #78,263
  • Mar 20, 2009 5:37am Mar 20, 2009 5:37am
Quoting dbfusion
This is the forex crowd speculative positions , if you notice amazingly they are always wrong .
most of the positions were short in the last rise and when it was falling for a month most of it where long

I got this chart from a website

Correct, hence why some of the easiest money to made in trading is owning a bucket shop and taking counter calls on all positions. You win and they get to pay you for the honor of losing. You can also specifically target small balance accounts and/or aggregate clients trade history as higher probability losers or winners into pools and and electronically execute accordingly. It is a beautiful system.

A variation on the story about the trader who complains his "terrible" rules based system loses 95% of the time if you will.

TK
  • #78,264
  • Mar 20, 2009 5:38am Mar 20, 2009 5:38am
bears are striking back !!
first losing 15 pips today
I SEE YOU !!
  • #78,265
  • Mar 20, 2009 5:39am Mar 20, 2009 5:39am
well i closed half the profit at 100pips...the rest with stop loss at entry...i wonder if well see 1.3708 again today.....ill let this half run for a while i guess...

Edit: closed the other half at 120 pip gain....screw gambling...im satisfied with this haha
Different opinions highly valued, ignorant to slander.
  • #78,266
  • Mar 20, 2009 5:41am Mar 20, 2009 5:41am
Quoting psiholog
well i closed half the profit at 100pips...the rest with stop loss at entry...i wonder if well see 1.3708 again today.....ill let this half run for a while i guess...
Excellent trade. Support becomes res at 615-625 near-term, which should hold some good protection now.
  • #78,267
  • Mar 20, 2009 5:42am Mar 20, 2009 5:42am
probable that we are going to see 1.3500 very soon
  • #78,268
  • Mar 20, 2009 5:45am Mar 20, 2009 5:45am
Quoting psiholog
well i closed half the profit at 100pips...the rest with stop loss at entry...i wonder if well see 1.3708 again today.....ill let this half run for a while i guess...
If there is to believe this EW pattern we can expect a drop of some 30pips more and then a jump upwards.

Anyway, it IS freaky friday but it's still friday so I wouldn't count on something spectacular to happen. Be careful guys. I think I'm done for today unless we see that 3550 hitting and turning around.
  • #78,269
  • Mar 20, 2009 5:46am Mar 20, 2009 5:46am
caution. 161.8 fibo at 1.3570
  • #78,270
  • Mar 20, 2009 5:47am Mar 20, 2009 5:47am
but the correction is the trend and you see is massive !!
  • #78,271
  • Mar 20, 2009 5:48am Mar 20, 2009 5:48am
currently on fib 61 to the pip
I SEE YOU !!
  • #78,272
  • Mar 20, 2009 5:50am Mar 20, 2009 5:50am
there is one last thing i would like to mention to you guys before calling it a night....which is very important.

since last thursday every time we broke a resistance..on the retest of that level it became support. no exceptions. one run up followed by another. the last level to do so was 1.3635. For the first time in a week a strong support has been broken. Call it profit taking because of triple witching friday or whatever....this changes the equation entirely and while for the time being the bulls still have overall control...dont count the bears (the dollar) out yet in the long term.


Good pippin all...off to bed for me
Different opinions highly valued, ignorant to slander.
  • #78,273
  • Mar 20, 2009 5:52am Mar 20, 2009 5:52am
Hi to all all, this is my first post

I am with shorts and got lucky as I got at .3650 it just before it speeded down

Closed half at 100 pips the rest is with a 50 pip trail
  • #78,274
  • Mar 20, 2009 5:56am Mar 20, 2009 5:56am
Quoting psiholog
there is one last thing i would like to mention to you guys before calling it a night....which is very important.

since last thursday every time we broke a resistance..on the retest of that level it became support. no exceptions. one run up followed by another. the last level to do so was 1.3635. For the first time in a week a strong support has been broken. Call it profit taking because of triple witching friday or whatever....this changes the equation entirely and while for the time being the bulls still have overall control...dont count the...
yes thats true, im really curious what we will see around 1.35 ...

congrats on your trade, well done
  • #78,275
  • Mar 20, 2009 5:57am Mar 20, 2009 5:57am
That was a nice correction. I am presently long at 3545 expecting a retrace to todays PP.
  • #78,276
  • Mar 20, 2009 5:57am Mar 20, 2009 5:57am
Quoting Chicky
This should have been 1.375

I have just closed this one at +140

we may not see 1.3750 today-bulls are running out of steam(for the moment)
Some drink at the fountain of knowledge. Others just gargle !
  • #78,277
  • Mar 20, 2009 5:58am Mar 20, 2009 5:58am
I hope any one got this drop guys good call from the bearers

, I am in now long

lets see if i am gonna give back another 20 pips or get back my 15
I SEE YOU !!
  • #78,278
  • Mar 20, 2009 6:00am Mar 20, 2009 6:00am
let's go south again ))
  • #78,279
  • Mar 20, 2009 6:02am Mar 20, 2009 6:02am
Quoting dbfusion
I hope any one got this drop guys good call from the bearers

, I am in now long

lets see if i am gonna give back another 20 pips or get back my 15
Long triggered for me too, but I want a lower entry - 555 area. If I don't get it then fine, I'll look to short later on today.
  • #78,280
  • Mar 20, 2009 6:03am Mar 20, 2009 6:03am
There is too much Euro buying in us.
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