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EURUSD

  • #98,341
  • May 20, 2009 2:16pm May 20, 2009 2:16pm
i just jumped ship on gy.. cause equitys turned negative..
those who can, do. those who cant, talk about those who can
  • #98,342
  • May 20, 2009 2:18pm May 20, 2009 2:18pm
Quoting Drizzt
Does that mean short again?
This is 1minTF.Think 4yrself.. and watch those sharks at the horizontal yellow lines , and then apply the formulae if it touches the pink EMA 157. Don't 4get 2lock any profit and let it runs . Reenter whenever is suitable. Also remember EU currently is an uptrend. Use yr logic.
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  • #98,343
  • May 20, 2009 2:20pm May 20, 2009 2:20pm
DONT TRADE THE NEWS!
  • #98,344
  • May 20, 2009 2:20pm May 20, 2009 2:20pm
im looking back to jan 7 09 on my daily and can see the last time it touched this 38XX level it fell in the same day back to 3700 the following day it hit 3474....... the only thing is its only a chart and i do not know why EXACTLY ie news ie normal activity to hit and drop lika a rock........ can any one recall then and offer annayalasis
  • #98,345
  • May 20, 2009 2:22pm May 20, 2009 2:22pm
Quoting dbfusion
no one opened his mouth to speak yet...

of corse I might be hugely mistaken ..
You are.

No need to go on about what you don't know or don't need to know, and if you're successful w/o knowing it, then no worries, but it was you that started the conversation.

Here's the thing... READ CAREFULLY what the calendar ACTUALLY says, instead of what you THINK it says.

You said "MEETING".

It (the calendar) clearly says "MINUTES" of that meeting. That means the meeting already took place, this News Calendar entry refers to the release of the minutes of that meeting, and no one is going to "open their mouth to speak" cuz they already did, hence your dilemna... The world simply works other than how you thought it did, and the next move is up to you.

You can also click at any time on the little blue folder next to the event which essentially would have told you the same thing.

Here's a freebie for you... http://www.federalreserve.gov/genera...aq/faqfomc.htm

The rest is up to you. Or not.
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FUBAR...
  • #98,346
  • May 20, 2009 2:23pm May 20, 2009 2:23pm
Boy my first big live forex account was on the way to doubling this week until I got caught scalping the wrong way last night right against that big jump then I let my losers run and they still sittin there, a big red open .357 blown hole. Simple rules. Don't scalp against the trend, leastways not with anything large. Don't add to losing positions. Don't let your losers run. If I had my football helmet I would put it on and bang my head against the wall. Well if we get some "sell in May go away" profit taking days on the Dow before Memorial Day then maybe a retrace will keep me in the game. Otherwise I can close em out and have enough left for a pizza maybe.

A good painful lesson. Will I learn?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #98,347
  • May 20, 2009 2:23pm May 20, 2009 2:23pm
Closed out my short at 1.3793 for +21. That's it for me today.
May just watch for now. Missed the big move today. Just was looking the wrong way. Well done all longs today.
  • #98,348
  • May 20, 2009 2:24pm May 20, 2009 2:24pm
Quoting gatorinla
i just jumped ship on gy.. cause equitys turned negative..
There ya go covering your ass again... WIMP
  • #98,349
  • May 20, 2009 2:28pm May 20, 2009 2:28pm
Quoting gatorinla
i know its like wipping before you poot... but its the gbp running the show..more then likely part of the reason the euro is bullish. that plus dollar weak...look at equitys they surely are not helping eu or gu much it at all..and surley not enough to bring oil/gold ect. up that much.. oil ect. something gonna happen using sand as a foudation..im just ridding the ride and will surely jump ship like any other rat on a sinking ship. btw this was ak4x that brought my attention to monthly chart.
equitys turned red after this was sent..got out of long and i jumped in with a short .. im locked in be +3 no tp target yet..
those who can, do. those who cant, talk about those who can
  • #98,350
  • May 20, 2009 2:28pm May 20, 2009 2:28pm
Quoting Atlast
Closed out my short at 1.3793 for +21. That's it for me today.
May just watch for now. Missed the big move today. Just was looking the wrong way. Well done all longs today.
Yeah im a little dissapointed as well i was screwin off and missed that move too...... but no worries im looking for the big move back down after all this comotion in already and in the green with a good position .......> back to 36 SCOTTY beam me DOWN
  • #98,351
  • May 20, 2009 2:29pm May 20, 2009 2:29pm
Quoting notch
lol

I have forgotten who am I. esp this FF w-site. Been bz doing some stupid research !
  • #98,352
  • May 20, 2009 2:30pm May 20, 2009 2:30pm
Quoting Bling
Yeah im a little dissapointed as well i was screwin off and missed that move too...... but no worries im looking for the big move back down after all this comotion in already and in the green with a good position .......> back to 36 SCOTTY beam me DOWN

Well at least I wasn't the only one to miss the move.
  • #98,353
  • May 20, 2009 2:31pm May 20, 2009 2:31pm
Quoting vinesh2
DONT TRADE THE NEWS!
Trading the news can be lucrative depending on the news event and your ability interpret news. I would agree that this news today is not really enough to look for a major swing in the currency.
  • #98,354
  • May 20, 2009 2:32pm May 20, 2009 2:32pm
Quoting Bling
im looking back to jan 7 09 on my daily and can see the last time it touched this 38XX level it fell in the same day back to 3700 the following day it hit 3474....... the only thing is its only a chart and i do not know why EXACTLY ie news ie normal activity to hit and drop lika a rock........ can any one recall then and offer annayalasis
You'd better look back to Jan 06-09 (edited @ 21:00 CET - 15:00 ET):

http://www.forexfactory.com/calendar...y=2009-1-6&c=2

Déjà-vu
  • #98,355
  • May 20, 2009 2:33pm May 20, 2009 2:33pm
  •  yxy
  • | Joined Jul 2008 | Status: just one pip at a time | 55 Posts
Quoting Bling
im looking back to jan 7 09 on my daily and can see the last time it touched this 38XX level it fell in the same day back to 3700 the following day it hit 3474....... the only thing is its only a chart and i do not know why EXACTLY ie news ie normal activity to hit and drop lika a rock........ can any one recall then and offer annayalasis
From my chart, it look like an attempt to test the previously broken support turn resistance at 1.38xx. Combine that with a whole bunch of high profile people opening their mouth according to FF calendar. That's all I could think of.
  • #98,356
  • May 20, 2009 2:33pm May 20, 2009 2:33pm
Quoting The Fool
Boy my first big live forex account was on the way to doubling this week until I got caught scalping the wrong way last night right against that big jump then I let my losers run and they still sittin there, a big red open .357 blown hole. Simple rules. Don't scalp against the trend, leastways not with anything large. Don't add to losing positions. Don't let your losers run. If I had my football helmet I would put it on and bang my head against the wall. Well if we get some "sell in May go away" profit taking days on the Dow before Memorial Day...
You will learn. Just keep reading over your notes before you go into the trading day. Today I was with the trend until early p.m, then scalped against the trend and fortunately came out pulling some pips under difficult circumstances. The main thing to remember, if this helps, is to know that you are scalping against the trend. That way you only look for when the move runs into a significant upper trendline which coincides with another supply area, or has something else going for it. Normally i would only go against the trend at significant exhaustion. Lots of ways to tell exhaustion, even if only temporary. Advise you to learn at least 2 to 3 good ways to tell, and keep those SL manageable, easier said than done I know.
  • #98,357
  • May 20, 2009 2:34pm May 20, 2009 2:34pm
Quoting ak4x
You are.

No need to go on about what you don't know or don't need to know, and if you're successful w/o knowing it, then no worries, but it was you that started the conversation.

Here's the thing, READ CAREFULLY what the calendar ACTUALLY says, instead of what you Think it says.

You said "MEETING".

It (the calendar) clearly says "MINUTES" of that meeting. That means the meeting already took place, this News Calendar entry refers to the release of the minutes of that meeting, and no one is going to "open their mouth to speak"...

thank you for clearing it up to me , this is all what I wanted to hear from a senior trader .

there is no shame in asking when I don't know , even if it looked a stupid question .

I appreciate the clarifying reply. because this what I expect from a big respectable forum which has plenty of experienced traders who are humble enough to answer such questions .
I SEE YOU !!
  • #98,358
  • May 20, 2009 2:34pm May 20, 2009 2:34pm
Quoting notch
Well at least I wasn't the only one to miss the move.
HA well im glad we can all miss Great EASY DUH things together ..... still mad about that DAMN my sleeping ........................ patters and its all from this watching till 5 in the morn waiting for THAT to happen
  • #98,359
  • May 20, 2009 2:37pm May 20, 2009 2:37pm
Quoting JgrB
You'd better look back to Jan 06-09 (edited @ 21:00 CET - 15:00 ET):

http://www.forexfactory.com/calendar...y=2009-1-6&c=2

Déjà-vu
it seems everything for us was bad except non manufacturing jobs ....... is that what your pointing out.?
  • #98,360
  • Edited 4:01pm May 20, 2009 2:40pm | Edited 4:01pm
Quoting dbfusion
...this what I expect from a big respectable forum which has plenty of experienced traders who are humble enough to answer such questions .


I wasn't aware humility was one of my many faults... I'll be sure to work on that. Glad you got something out of the exchange.

Jaywalker... if you wind up seeing this post, just keep a sock in it.
FUBAR...
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