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EURUSD

  • #103,141
  • May 30, 2009 10:26pm May 30, 2009 10:26pm
Quoting Nene
Yahoo
add me on the screen name chaldoray
  • #103,142
  • May 30, 2009 10:31pm May 30, 2009 10:31pm
I got to turn in, be back tomorrow

Quoting mikegonzalez
add me on the screen name chaldoray
  • #103,143
  • May 30, 2009 10:45pm May 30, 2009 10:45pm
http://img36.imageshack.us/img36/2839/newus.jpg
  • #103,144
  • May 30, 2009 11:23pm May 30, 2009 11:23pm
Quoting w00p
http://img36.imageshack.us/img36/2839/newus.jpg
I wish people would not be steeling pictures from other threads and post it here. It is not funny, it doesn't help the community here that is trying to figure out how to trade.
This is a picture that was posted a year ago or so.

Serious traders are not worried about the dollar. They just trade where ever the trade leads them.
1.60? 1.20? It really doesn't matter. As long as you are on the right side of the trade, you're good.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #103,145
  • May 31, 2009 2:06am May 31, 2009 2:06am
Quoting KillerWhale
I wish people would not be steeling pictures from other threads and post it here. It is not funny, it doesn't help the community here that is trying to figure out how to trade.
This is a picture that was posted a year ago or so.

Serious traders are not worried about the dollar. They just trade where ever the trade leads them.
1.60? 1.20? It really doesn't matter. As long as you are on the right side of the trade, you're good.
Agreed
{Promotion Removed}
  • #103,146
  • May 31, 2009 2:54am May 31, 2009 2:54am
Quoting selatanfx
Agreed
Can you please remove the add from your posting?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #103,147
  • May 31, 2009 3:51am May 31, 2009 3:51am
Quoting Patience
Hey Stew

There always seems to be different ways to interpret the data though. Just look at this interpretation posted at the beginning of this week. Although it was good for a couple of hundred odd pips, if profit wasn't locked in and you didn't place a stop at b/e, you would have ended the week looking at losses.

http://www.dailyfx.com/story/chartin...261031462.html


This is an interesting. Thank you for posting...it exactly confirms what I have been banging on about the COT. Basically, if there is a huge divergence between commercials and other then trade in the direction of the commercials.
  • #103,148
  • May 31, 2009 4:01am May 31, 2009 4:01am
Quoting 99vt66
I dont normally engaged or comment on a method/system and other mumbo jumbo stuffs that we have in this forum but I would like to share some of my forex learning curve experience in my earlier days as I spotted a certain degree of thought process disseminating similarity here.
Furthermore I stand ready for anyone who is serious about forex to tweak my brain in their quest to becoming a trader like myself.

During my spare times reading some of the posts her I have noticed a common learning fallacy amongst learners or new traders including some...

Can somebody interpret this for me?
  • #103,149
  • Edited 1:31pm May 31, 2009 4:08am | Edited 1:31pm
Quoting notch
The market really doesn't like these levels. Historically, it has spent a very short amount of time here. Historically, both both parties have agreed that these levels do not represent value but since the auction process caused an upward distribution from the following levels 1.35503 to 1.36013 on numerous occassions we favour demand being cut once price has been bid up to 1.46209.

Once 1.46209 has been achieved it is likely that there will be period of consolidation between 1.36905 - 1.46209. However, the auction process is likely to continue...

NELLY: The above was posted on the 21st of May. It gives long term projections based on Market Profile (another technique that I fully understand but don't use for intermediate/long range trading). The levels in it are still valid.
  • #103,150
  • May 31, 2009 5:36am May 31, 2009 5:36am
What will tomorrow bring?
My idea is that we will test the high again, maybe a little bit higher to the 50 fib. But there is a bearish divergence on the 4 hour.
I'll be watching closely tomorrow. I have a small long trade open which is in profit at the moment.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #103,151
  • May 31, 2009 5:57am May 31, 2009 5:57am
Quoting notch
Can somebody interpret this for me?
It says keep it simple, your education and IQ can't trade. Go with the obvious--- I think.
  • #103,152
  • Edited 6:02am May 31, 2009 6:01am | Edited 6:02am
Quoting knuckledrag
It says keep it simple, your education and IQ can't trade. Go with the obvious--- I think.

Was that a pip challenge?

And thanks!
  • #103,153
  • May 31, 2009 6:03am May 31, 2009 6:03am
Quoting notch
This is an interesting. Thank you for posting...it exactly confirms what I have been banging on about the COT. Basically, if there is a huge divergence between commercials and other then trade in the direction of the commercials.
This report is not something I take a lot of notice of. I take a squizz at it (if I remember) at the end of the trading week just to see how it panned out. From memory, it's been right as many times as it has been wrong. It confuses me purely because there are so many interpretations but my limited knowledge of COT is that the retail trader should be trading in the direction of the large specs and not the commercials.

Did you notice the disclaimer:

EUR: The 13 week index is at 100, which indicates a sentiment extreme (optimism extreme in this case). This is bearish for the euro (sentiment can remain extreme for a number of weeks though).

And I think we all remember how the Euro rallied approx. 1700 pips in six trading days last December. I missed that boat
Nothing worth having is easy.
  • #103,154
  • May 31, 2009 6:13am May 31, 2009 6:13am
Quoting Patience
This report is not something I take a lot of notice of. I take a squizz at it (if I remember) at the end of the trading week just to see how it panned out. From memory, it's been right as many times as it has been wrong. It confuses me purely because there are so many interpretations but my limited knowledge of COT is that the retail trader should be trading in the direction of the large specs and not the commercials.

Did you notice the disclaimer:

EUR: The 13 week index is at 100, which indicates a sentiment extreme (optimism extreme...
True. I rarely take any notice of it but it seem to back up my own analysis which turned out to be incorrect.
  • #103,155
  • May 31, 2009 6:21am May 31, 2009 6:21am
Quoting KillerWhale
What will tomorrow bring?
My idea is that we will test the high again, maybe a little bit higher to the 50 fib. But there is a bearish divergence on the 4 hour.
I'll be watching closely tomorrow. I have a small long trade open which is in profit at the moment.
I have a divergence on daily chart
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  • #103,156
  • May 31, 2009 6:24am May 31, 2009 6:24am
http://www.cftc.gov/dea/futures/deacmesf.htm
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  • #103,157
  • May 31, 2009 6:33am May 31, 2009 6:33am
Hi again everyone
  • #103,158
  • May 31, 2009 6:38am May 31, 2009 6:38am
I was in here last night trying to see if anyone would look at my setup and see if it was worth continuing on with it. I just learned last night how to post chart.
  • #103,159
  • May 31, 2009 7:00am May 31, 2009 7:00am
Quoting notch
True. I rarely take any notice of it but it seem to back up my own analysis which turned out to be incorrect.
I've tried to pick tops and bottoms so many times and now that I think about it, I don't think I've ever been right. It's such a headache, it really is, so this time I made a conscious decision to go with the flow and I have been rewarded accordingly. I'm really not that technical but I read a lot because it interests me (I know that I probably bore the s%$! out of a lot of traders when I post my news tidbits) but to me the bearish dollar sentiment is getting worse by the day so why trade against it.

Once this thread starts saying "long", I think I'm going to have to re-assess.
Nothing worth having is easy.
  • #103,160
  • May 31, 2009 7:57am May 31, 2009 7:57am
Quoting Patience
Once this thread starts saying "long", I think I'm going to have to re-assess.

Trader confidence oscillates more than the stochastic in this thread! But all traders that got the direction correct and profited deserve a 'well done'! Gloat and praise yourself while you can because tomorrow is a another day!
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