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EURUSD

  • #113,661
  • Jun 23, 2009 11:03am Jun 23, 2009 11:03am
Okay. USDCHF has hit it's weekly low. I'm starting to look for a continuation of the EU down move.
  • #113,662
  • Jun 23, 2009 11:03am Jun 23, 2009 11:03am
Quoting vinesh2
I have no idea what to make of these moves today
130 pips missed


so bad to watch from outside and not taking the ride .
I SEE YOU !!
  • #113,663
  • Jun 23, 2009 11:03am Jun 23, 2009 11:03am
Quoting Beacon
Gosh why so many people here love to go against the trend and try to predict a reversal? Isn't it a much higher probability to just ride the trend?
Exactly, but look at the reversal it made off the low this morning which I caught. Thing is the trend is extended and is up against some supply. The real reversal is 1.4100, but the market needs to catch it's breath before then. Shorts before 1.4100 should be for reasonably small TP and quick to move SL.
  • #113,664
  • Jun 23, 2009 11:03am Jun 23, 2009 11:03am
Quoting gatorinla
4038 or 4108 would be a good top..for shorts...its in the shorter deck..its not a number on my zone radar.. but using fibs a rejection of 4038 is still bearish..
something just happend... dollar index below 80
those who can, do. those who cant, talk about those who can
  • #113,665
  • Jun 23, 2009 11:04am Jun 23, 2009 11:04am
Quoting Beacon
Gosh why so many people here love to go against the trend and try to predict a reversal? Isn't it a much higher probability to just ride the trend?

You do realize the trend is bearish on several charts right?
  • #113,666
  • Jun 23, 2009 11:06am Jun 23, 2009 11:06am
Quoting F.x.
You do realize the trend is bearish on several charts right?
It all depends how today is gonna close, its still too early to tell,
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #113,667
  • Jun 23, 2009 11:06am Jun 23, 2009 11:06am
e-z just made monitary a move...but they cant print money.. so who knows??????????????
those who can, do. those who cant, talk about those who can
  • #113,668
  • Jun 23, 2009 11:06am Jun 23, 2009 11:06am
i still holding my short from 1.3987, i hope i see green pips
  • #113,669
  • Jun 23, 2009 11:07am Jun 23, 2009 11:07am
Quoting MrTrendy
long again @ 4049
closed @ 4066
  • #113,670
  • Jun 23, 2009 11:07am Jun 23, 2009 11:07am
Quoting Atlast
Exactly, but look at the reversal it made off the low this morning which I caught. Thing is the trend is extended and is up against some supply. The real reversal is 1.4100, but the market needs to catch it's breath before then. Shorts before 1.4100 should be for reasonably small TP and quick to move SL.
I believe you should scalp with the trend and not against meaning you enter on trend retracement to go back with the trend. Trading on reversal on a trend is extremely dangerous and simply not worth it...

I love trading reversal as well because I love the thrill of getting it correct at that highest point and plus I always been taught to buy low sell high. Buying high and sell higher was something new to me and not knowing it kills me when I first enter into forex.
  • #113,671
  • Jun 23, 2009 11:08am Jun 23, 2009 11:08am
Quoting Beacon
Gosh why so many people here love to go against the trend and try to predict a reversal? Isn't it a much higher probability to just ride the trend?

I'd have to refer you to my first post of the day. Posted at 7:15ish BST...it went something like this: the EU is reversing!
  • #113,672
  • Jun 23, 2009 11:08am Jun 23, 2009 11:08am
Quoting Beacon
Gosh why so many people here love to go against the trend and try to predict a reversal? Isn't it a much higher probability to just ride the trend?
what trend do you mean? there are 2.. and sideways makes 3
those who can, do. those who cant, talk about those who can
  • #113,673
  • Jun 23, 2009 11:08am Jun 23, 2009 11:08am
wow.. what a move today
  • #113,674
  • Jun 23, 2009 11:08am Jun 23, 2009 11:08am
Quoting MrTrendy
closed @ 4066
so much for double top in the end hey lol
  • #113,675
  • Jun 23, 2009 11:09am Jun 23, 2009 11:09am
I am short at 1.4065.
  • #113,676
  • Jun 23, 2009 11:10am Jun 23, 2009 11:10am
lol


my chart is out of resistance lines
I SEE YOU !!
  • #113,677
  • Jun 23, 2009 11:10am Jun 23, 2009 11:10am
Quoting Atlast
I am short at 1.4065.
how many short position you hold now?
  • #113,678
  • Jun 23, 2009 11:11am Jun 23, 2009 11:11am
Quoting trendman
I've already complaint to Alpari but this is the 3rd time they're down again,everytime a news come out thier system freezes ,is anyone having the same problem with alpari and any other companies with that problem.
Just to let you know ,be careful with alpari ,they're good but not when the news come out..

Try Iforex.com
  • #113,679
  • Jun 23, 2009 11:12am Jun 23, 2009 11:12am
Quoting Atlast
I am short at 1.4065.
thats what you call scalping with the trend
I SEE YOU !!
  • #113,680
  • Jun 23, 2009 11:12am Jun 23, 2009 11:12am
looks like 4095
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