Attachments: EURUSD

EURUSD

#85,501
Apr 14, 2009 8:19am Apr 14, 2009 8:19am

Robby
| Joined Jun 2007 | Status: Trader | 413 Posts

So that would also go for sell aud too eh ?

#85,502
Apr 14, 2009 8:26am Apr 14, 2009 8:26am

F.x.
| Joined Feb 2009 | Status: Madness has no method. | 1,143 Posts

Quoting Tmac

Disliked

you missed the point completely

you traded 40 min before a major news event with no clue of direction and ended up chasing the market

I am happy it is working for you but sooner or later you need to learn to let the market come to you

do not trade to be in a trade, trade to make money when the market tells you to trade not when you think its time to trade

Ignored

No I didn't miss your points. I just don't agree w/ them in every situation.

Anyway as for now I'm long @ 3233 w/ SL set above BE so chalk this one up as a win regardless of what happens now.

#85,503
Apr 14, 2009 8:26am Apr 14, 2009 8:26am

emda
Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts

Quoting michiyo

Disliked

cant beliv this....... bad news for the dollar still dollar is waxing stronger!

Ignored

lol... you have to learn many things first

#85,504
Edited 10:28am Apr 14, 2009 8:27am | Edited 10:28am

josh1856
| Joined Apr 2009 | Status: Trader | 11 Posts

with gold around a 60day low and ecb being behind the eight ball shorting the eur/usd makes tons of sense. US is still showing it has the strongest economy and leading the way through this crisis with mostly positive news. I would say usd is is one of the safest places to put your cash. we are going to have a slight uptick around the 1.3260 here and they break through the 1.3228 barrier

#85,505
Apr 14, 2009 9:07am Apr 14, 2009 9:07am

paulw6182
| Joined Apr 2008 | Status: honey i srunk the pip's | 556 Posts

Quoting paulw6182

Disliked

ive decided now to us 4h chart gone long 3284 100sl100ts

Ignored

8pips

#85,506
Apr 14, 2009 9:12am Apr 14, 2009 9:12am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

EU M5 Chart: H&S formation got PA started in the turn around. After breaking S&R line (now resistance again after some battles) the prime trading area became 1.3290 - 1.3270, with 1.3260 as support. Someone grabbed for a lot of shorts and drove it down, probably knowing the US trading session would pump it back up for them all anyway, since the US trading session big boys have the right to take on shorts in that prime trading area, as did the euro session traders. Its is a game of the big boys taking on shorts, but needing to sucker longs onto the "other side of their trades", so up/down/up/down goes the PA while all this happens.......

I am thinking the next target area is around 1.3200, since some previous key S&R lines are bracketing that, and they have acted in the past as both support and resistance. This is likely area, after the next leg down, for the PA to consolidate again. And, I am thinking the real target of all this shorting is the 1.2800 - 1.2500 area.

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#85,507
Apr 14, 2009 9:20am Apr 14, 2009 9:20am

sycho
Joined Sep 2007 | Status: Senior Member | 2,939 Posts

Quoting josh1856

Disliked

with gold around a 60day low and esb being behind the eight ball shorting the eur/usd makes tons of sense. US is still showing it has the strongest economy and leading the way through this crisis with mostly positive news. I would say usd is is one of the safest places to put your cash. we are going to have a slight uptick around the 1.3260 here and they break through the 1.3228 barrier

Ignored

just a few more month would set a clearer picture

Imanuel Parsifal

#85,508
Apr 14, 2009 9:22am Apr 14, 2009 9:22am

Turveyd
| Membership Revoked | Joined Aug 2006 | 11,977 Posts

Up 50pips today

getting into the swing of this.

EURJPY is really nice to trade well Scalp so all you Scalpers get your butts over there.

6 trades, 1 loser, 1 big winner and 1 big loser rest scalps!!

Pay my wage

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

#85,509
Apr 14, 2009 9:33am Apr 14, 2009 9:33am

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,127 Posts

Quoting traderathome

Disliked

EU M5 Chart: H&S formation got PA started in the turn around. After breaking S&R line (now resistance again after some battles) the prime trading area became 1.3290 - 1.3270, with 1.3260 as support. Someone grabbed for a lot of shorts and drove it down, probably knowing the US trading session would pump it back up for them all anyway, since the US trading session big boys have the right to take on shorts in that prime trading area, as did the euro session traders. Its is a game of the big boys taking on shorts, but needing to sucker longs onto the...

Ignored

im on the same page... but someone has stopped the reading of this chapter some..

those who can, do. those who cant, talk about those who can

#85,510
Apr 14, 2009 9:35am Apr 14, 2009 9:35am

Turveyd
| Membership Revoked | Joined Aug 2006 | 11,977 Posts

Quoting Turveyd

Disliked

Up 50pips today getting into the swing of this.

EURJPY is really nice to trade well Scalp so all you Scalpers get your butts over there.

6 trades, 1 loser, 1 big winner and 1 big loser rest scalps!!

Pay my wage

Ignored

LOL just gave it ALL BACK AGAIN!!!! Went Long Euro, just before it blipped down, then ahhhh OHHH CRAP FXCM remember my 0.3 Lots rather than 0.1 Margin calling me back to -£3 LOL

You just can't make this crap up LOL

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