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  • #79,801
  • Mar 25, 2009 10:10am Mar 25, 2009 10:10am
EUR-USD moved up on US New Home Sales report. Looking at the DAILY and 4 H charts, we see that the market continues to be bear as long as yesterday's high of 1.3678 is not broken. And the last week's high of 1.3738 continues to act as resistance.

A break of today's low 1.3418 will renew a sell off in EUR-USD.
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  • #79,802
  • Mar 25, 2009 10:10am Mar 25, 2009 10:10am
Quoting emda
trading systems that are successful in the past doesn't mean that are successful in the future.
there is only one thing that you can keep faith in... it is called. Money Management or Risk Control.
Agreed. But on the other hand, sticking with a system is the only way to stay consistent. Money management part comes after that.
  • #79,803
  • Mar 25, 2009 10:10am Mar 25, 2009 10:10am
Quoting 99vt66
Hi, Greetings All,

Price is shaping up for a consolidation mode of between 13715 and 13500. A break of either will determine the assets next mode. My take is more inclined to a break of 13500 and then price will bounce up to 13650 to continue its decline. Let's see if I m right......... gl and stay real nimble especially if price is morphing into another mode.And for all those who scalp in and out of trade looking for 30-40 pips, try using sma 14 on 5 min chart to track price during a big move. Any breach of that sma means run is over. Hope to...
I foresaw this move 2days ago but I dont even have the chance to trigger the trade..........hope it retests the level again so I can short it again with a tight stop loss @13705 which if breached then the bull is back in control again.
  • #79,804
  • Mar 25, 2009 10:12am Mar 25, 2009 10:12am
Well it has only taken Mr. Geithner less than 24 hours to say that NO the US would not support a new reserve currency to the US would be "OPEN" to China's proposal for an SDR system back to NO the US would not support a new reserve currency.

Question: How can you tell when Mr. Geithner doesn't know what he is talking about??? When ever his lips are moving!!!!!
  • #79,805
  • Mar 25, 2009 10:13am Mar 25, 2009 10:13am
...... or minutes!

The comparision to what happened last Wednesday are wrong.
Bad timing!!
  • #79,806
  • Mar 25, 2009 10:15am Mar 25, 2009 10:15am
Quoting wasupnow14
Agreed. But on the other hand, sticking with a system is the only way to stay consistent. Money management part comes after that.
that's right... but for that ( if you only trade signals of a system ) it is better to have EA's trading for you
  • #79,807
  • Mar 25, 2009 10:18am Mar 25, 2009 10:18am
Quoting vdeluca
I agree the best thing to do is to follow the rules. As we all know from our school days, however, rules exist to be broken . If you are going to break the rules, its preferable to do so to take profit when it is staring you in the face, than doing something stupid like cancelling a stop loss. I repeat though, that the best thing to do is follow the rules.
I have to agree with you. Dont break the rules, if you do break them you might even achieve some profit, but sonner or later you are gonna get nailed by the market.
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  • #79,808
  • Mar 25, 2009 10:24am Mar 25, 2009 10:24am
Quoting emda
that's right... but for that ( if you only trade signals of a system ) it is better to have EA's trading for you
Its a semi-automatic EA based on user input of daily trend direction. I establish the trend, set it to "short" or "long" only, then it determines buy/sell prices. I just got a daily trend reverse signal last night and Im hoping its right!! If not I'm going to punch the EA in the face :-)
  • #79,809
  • Mar 25, 2009 10:24am Mar 25, 2009 10:24am
EUR-USD Chart
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  • #79,810
  • Mar 25, 2009 10:31am Mar 25, 2009 10:31am
Quoting Levent
The ones who got a margin call should call the FED and ask for a Rescue Plan since they caused the margin call
For sure! If they claim greed and bad decision making then they'd HAVE TO be qualified for a bailout check under this admin?
  • #79,811
  • Mar 25, 2009 10:34am Mar 25, 2009 10:34am
Quoting ak4x
hey suntrader, you remember that videoman 55# guy last year when eu was breaking south?? He'd go off on those hysterical eruption rants every time before he finally got himself banned..

Just thought of him again for some reason...
??? Sun or Pass???

Didn't catch any rants from suntrader but of course, I don't have time to 'Read' all the posts.
I thought passholder & a couple of others took a run at the fence though.

I feel a "Lockdown" coming.
  • #79,812
  • Mar 25, 2009 10:34am Mar 25, 2009 10:34am
Quoting wasupnow14
Its a semi-automatic EA based on user input of daily trend direction. I establish the trend, set it to "short" or "long" only, then it determines buy/sell prices. I just got a daily trend reverse signal last night and Im hoping its right!! If not I'm going to punch the EA in the face :-)
That sounds good. I am developing some semiautomatic EA's too so we can have the best of both methods...
  • #79,813
  • Mar 25, 2009 10:53am Mar 25, 2009 10:53am
15:15 EUR/USD: The Dust Might Have Settled But The Trades Haven"t London, March 25th.

The dust might have settled but FX markets are still cataloging who did what to whom in the move higher. From the evidence this desk has seen it is fair to say that most names were active amid the move higher, with positions adjusted and orders books cleansed by the spot rally. Offers now line up above 1.36, trailing to the 1.3650s, to keep the topside limited, while buyers on dips prefer rates in the lower-1.35s. As we noted earlier it is the 1.37s that are key to the medium-term outlook so while spot trades inside the 1.34/37 range the chop could be argued away as little more than short-term noise.
Nothing worth having is easy.
  • #79,814
  • Mar 25, 2009 10:55am Mar 25, 2009 10:55am
ok all you gurus... on the 4h is that a flag? im using bars
those who can, do. those who cant, talk about those who can
  • #79,815
  • Mar 25, 2009 11:02am Mar 25, 2009 11:02am
Quoting SmoothTrader
Well it has only taken Mr. Geithner less than 24 hours to say that NO the US would not support a new reserve currency to the US would be "OPEN" to China's proposal for an SDR system back to NO the US would not support a new reserve currency.

Question: How can you tell when Mr. Geithner doesn't know what he is talking about??? When ever his lips are moving!!!!!
Yeah, hilarious but it's all good for the volatility.

I don't remember John "Strong Dollar Policy" Snow ever moving the market like this and if he did, I must have missed it. Mr Greenspan was always good for a shake up though. Oh, how I miss his speeches
Nothing worth having is easy.
  • #79,816
  • Mar 25, 2009 11:03am Mar 25, 2009 11:03am
Quoting gatorinla
ok all you gurus... on the 4h is that a flag? im using bars
My coin came up heads so I am going to go for a......mmmm.....yes?

  • #79,817
  • Mar 25, 2009 11:04am Mar 25, 2009 11:04am
Quoting gatorinla
ok all you gurus... on the 4h is that a flag? im using bars
Would you then call that a 'bar flag?'
Pip what you see; See what you pip!
  • #79,818
  • Mar 25, 2009 11:05am Mar 25, 2009 11:05am
n korea putting a long range missle on a launch pad... throw the dice...
those who can, do. those who cant, talk about those who can
  • #79,819
  • Mar 25, 2009 11:07am Mar 25, 2009 11:07am
I may make a BUY.
This small downwards move is almost over (momentum is not there).
Price is due for a small upwards retrace.
  • #79,820
  • Mar 25, 2009 11:08am Mar 25, 2009 11:08am
Quoting gatorinla
n korea putting a long range missle on a launch pad... throw the dice...

Good odds it'll pop on launch and if nuclear make the base unusable for decaded to come!!



18 profits in a row, based on 50/50 ( which it isn't ) the odds of that are

262144 to 1

LOL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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