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EURUSD

  • #82,561
  • Apr 2, 2009 4:58am Apr 2, 2009 4:58am
Quoting paromi
i just blew my account
How so, paromi? As others have said, you need to have good money management in place: risking only a small percentage of your account on each trade (1-3% - and even 3% would be far too high for some) and ensuring a decent risk:reward ratio are two of the biggest tasks you must achieve as a trader.

I hope it wasn't a biggie, but trust me, you're in sympathetic company
  • #82,562
  • Apr 2, 2009 4:58am Apr 2, 2009 4:58am
Long term bulls are likely still in control of the market and this significant pullback is a buying opportunity in my view.
Data due Thursday- All times EASTERN (-5 GMT)
7:45am EUR Minimum Bid Rate
8:30am EUR ECB Press Conference
10:00am EUR ECB President Trichet Speaks
Resistance 3: 1.3400/10
Resistance 2: 1.3380
Resistance 1: 1.3330
Latest New York: 1.3240
Support 1: 1.3150
Support 2: 1.3100
Support 3: 1.3080
  • #82,563
  • Apr 2, 2009 5:00am Apr 2, 2009 5:00am
Quoting paromi
i just blew my account
...You have to come back for more; trading Forex is like that - so damned addictive
  • #82,564
  • Apr 2, 2009 5:16am Apr 2, 2009 5:16am
got my target , i am out now and watching
I SEE YOU !!
  • #82,565
  • Apr 2, 2009 5:18am Apr 2, 2009 5:18am
Wow, just got back from being out and see the craziness has begun.

I took a short @ 1.333, we just about hit the top of the major down channel w/ that spike.
  • #82,566
  • Apr 2, 2009 5:19am Apr 2, 2009 5:19am

will rise more?
I 2 short

  • #82,567
  • Apr 2, 2009 5:21am Apr 2, 2009 5:21am
Quoting F.x.
Wow, just got back from being out and see the craziness has begun.

I took a short @ 1.333, we just about hit the top of the major down channel w/ that spike.
Hey FX can you please post your chart to see which channel is that

thank you
I SEE YOU !!
  • #82,568
  • Apr 2, 2009 5:22am Apr 2, 2009 5:22am
for me i might short at 3400 or 3440
this is my bull channel
I SEE YOU !!
  • #82,569
  • Apr 2, 2009 5:22am Apr 2, 2009 5:22am
Hi all
The best thing that can happen to you is to find out where you're wrong.
  • #82,570
  • Apr 2, 2009 5:23am Apr 2, 2009 5:23am
Quoting dbfusion
got my target , i am out now and watching
Funny how people post their targets after the event
  • #82,571
  • Apr 2, 2009 5:24am Apr 2, 2009 5:24am
Quoting free4440273
Funny how people post their targets after the event
if you just scrolled back in pages you will see my post buying @ 3264 and I SAID my target is 3340
I SEE YOU !!
  • #82,572
  • Apr 2, 2009 5:25am Apr 2, 2009 5:25am
Quoting dbfusion
Hey FX can you please post your chart to see which channel is that

thank you
The green one.
Attached Image (click to enlarge)
Click to Enlarge Name: 02april09.jpg Size: 252 KB
  • #82,573
  • Apr 2, 2009 5:26am Apr 2, 2009 5:26am
the daily chart starts too look like cup and handle
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #82,574
  • Apr 2, 2009 5:26am Apr 2, 2009 5:26am
Quoting plan-b
i believe a good quick trade would be to go long now at 1.33 targeting 1.3350 and 1.34 (this should be hit before the rate decision courtesy of increased risk appetite)


happy pipin
1.3350 hit 1.34 soon
Some drink at the fountain of knowledge. Others just gargle !
  • #82,575
  • Apr 2, 2009 5:28am Apr 2, 2009 5:28am
What do you guys think?
Attached Image (click to enlarge)
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  • #82,576
  • Apr 2, 2009 5:29am Apr 2, 2009 5:29am
Quoting free4440273
Funny how people post their targets after the event

You're right ... some things are not true.
But I ask me ... your picture is true?

The best thing that can happen to you is to find out where you're wrong.
  • #82,577
  • Apr 2, 2009 5:30am Apr 2, 2009 5:30am
Thank you very much FX
it seems that it agrees with my chart

the bottom line of the channel is an old uptrend line . price respected it during the drop 3 times
so I was buying near that line

I will short from 3400 to 3440

if it reached ofcorse
Attached Image (click to enlarge)
Click to Enlarge Name: bullchannel.gif Size: 29 KB
I SEE YOU !!
  • #82,578
  • Apr 2, 2009 5:32am Apr 2, 2009 5:32am
just closed my long (1.3238) at 1.3350. Waiting for a short, be sidelined for a while!!
  • #82,579
  • Apr 2, 2009 5:32am Apr 2, 2009 5:32am
I don't lie !!!
this is my post

http://www.forexfactory.com/showpost...ostcount=82550

that's more than 1 hour ago !!!
I SEE YOU !!
  • #82,580
  • Apr 2, 2009 5:32am Apr 2, 2009 5:32am
Well guys,

I?m short at 3368... and this is true ..
The best thing that can happen to you is to find out where you're wrong.
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