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  • #90,661
  • Apr 29, 2009 1:13pm Apr 29, 2009 1:13pm
range between 1.33452 and 1.33048. though i feel the news MIGHT follow the up trend. So i suggest You put your stop above the high in case the news follows the trend up
i have tried to start trades with a trend, now i prefer to follow the trend
  • #90,662
  • Apr 29, 2009 1:13pm Apr 29, 2009 1:13pm
Quoting dysan4x
There is alot of resistance in this area. Doesn't mean much if FOMC goes against you. Hope that FOMC is already calculated in and that we get several hours of consolidation. Gives you a chance to get some rest and really consider what your options are.

My 2 cents only. I'm not in the boat and don't like playing with other peoples money.
I respect that.

A couple of months ago, i was in a similar situation with the USDCAD. Was down a tonne, but recovered to net zero with a bunch of moves back and forth. I may have to review and rework my strategies. It took me over a month to make some decent money and less than a couple of days to lose almost half my profit. Not a good strategy at all.
Si vis pacem, para bellum.
  • #90,663
  • Apr 29, 2009 1:16pm Apr 29, 2009 1:16pm
any idea wats FOMC statement
  • #90,664
  • Apr 29, 2009 1:17pm Apr 29, 2009 1:17pm
Quoting begbrook
Bluesky ur missing the point
who cares whatn the FMOC scanios are?
what ur opinion based on fundy and tech analysis?
trade what u see...
whats the trend...whats expected? and more important what will happen?
Got to take interest in the big piccy unless ur a scalper...Im a trend trdaer...there is a very big diff!
interest rate can it be cut?
can the mkt be flooded with more money?
My position is the trend is down....long term...unless I see evidence to contra...
if ur trading short term..u take the risks associated with that strat
in theses times
I trade long/medium term
its safer
  • #90,665
  • Apr 29, 2009 1:18pm Apr 29, 2009 1:18pm
Here's the reason we are sitting at this level for so long and the reason I have a short in place
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 29_04_2009 (60 Min)-updat.jpg Size: 92 KB
  • #90,666
  • Apr 29, 2009 1:19pm Apr 29, 2009 1:19pm
There it goes, next stop 31785
  • #90,667
  • Apr 29, 2009 1:20pm Apr 29, 2009 1:20pm
Quoting attila
There it goes, next stop 31785
I wouldn't jump in just yet. You might fill up another boat.
  • #90,668
  • Apr 29, 2009 1:20pm Apr 29, 2009 1:20pm
bye, euro! ka ching!!
"i wake up in the morning, and i piss excellence"
  • #90,669
  • Apr 29, 2009 1:21pm Apr 29, 2009 1:21pm
Thanx FOMC
Si vis pacem, para bellum.
  • #90,670
  • Apr 29, 2009 1:21pm Apr 29, 2009 1:21pm
WOW 100pips in the 10seconds my chart was froze?!?!?!
Designer by day Trader by night.
  • #90,671
  • Apr 29, 2009 1:21pm Apr 29, 2009 1:21pm
keep the pips coming
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd042909-7.gif Size: 18 KB
Click to Enlarge Name: eurusd042909-6.gif Size: 18 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #90,672
  • Apr 29, 2009 1:21pm Apr 29, 2009 1:21pm
Quoting dysan4x
I wouldn't jump in just yet. You might fill up another boat.
I was in and out in 30 secs, $200 +
  • #90,673
  • Apr 29, 2009 1:21pm Apr 29, 2009 1:21pm
If today we see a close below 1.3096, hold your fuc...ing hats.
  • #90,674
  • Apr 29, 2009 1:21pm Apr 29, 2009 1:21pm
unusual decoupling of EJ which is going up. EU drop suggests economic sentiment is down, yet EJ rise suggests the reverse!
TRADE FOR SWAP
  • #90,675
  • Apr 29, 2009 1:21pm Apr 29, 2009 1:21pm
Maybe... but the daily is looking like we've gone into a trend reversal and are now in an uptrend. I'm waiting a bit longer...
  • #90,676
  • Apr 29, 2009 1:23pm Apr 29, 2009 1:23pm
Wow, just after I posted that it gave me a nice profit
  • #90,677
  • Apr 29, 2009 1:23pm Apr 29, 2009 1:23pm
WTF is happening with EJ?????????
TRADE FOR SWAP
  • #90,678
  • Apr 29, 2009 1:23pm Apr 29, 2009 1:23pm
Quoting Atlast
Here's the reason we are sitting at this level for so long and the reason I have a short in place
The reason is in the 4hr and the daily...check it out
but do not get swayed by the retail "meat"
  • #90,679
  • Apr 29, 2009 1:23pm Apr 29, 2009 1:23pm
like i said, buy the dollar, baby!!
"i wake up in the morning, and i piss excellence"
  • #90,680
  • Apr 29, 2009 1:24pm Apr 29, 2009 1:24pm
Quoting Atlast
Wow, just after I posted that it gave me a nice profit
do u understand why?
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