EURUSD

Hmm... my close is 3937 (or even 3947 at a different source), but ok, that's only peanuts.

I guess it depends on what time your broker closes... i have 3934 too.

And like the above poster i`m short on both eu and gu... guess we will see what happens. Guess it`s not that bad for me as i won a lot of pips friday and my stops are set so i only get to BE on the day.

Can anyone see the new central pivot for eu/gu?(daily one) The platform i have them on(not MT4) will only calculate them when a new candle for the next day is started, and that`s when the market opens.

I feel at least EU should be pretty close to it... just set SL above it if it starts the day below it... if it starts above i`m expecting asia to at least touch it.(before it turns for the upside or whatever)

Anyway i sugest you don`t close it as soon as the market starts unless you are really hurting and can`t take a bigger loss. Otherwise just wait and see, asia usually takes the price lower... it`s not a guarantee but it`s the most probabile outcome... depends on how many pips you need to get to BE at least.

Good luck!

This week was the first one in I can't remember how long that I had a week where I had no trades for losses.

Why is it that when I look at the chart, say right now, on the weekend. I say to myself - I could have been in that trade, why didn't I see it?"

Why is it that now that I know what happened it all makes sence?

Even when I go over the historical data and cover up what I want to pretend that I don't know I can still make good judgments, but when it comes to live trading I overthink too often, not taking the trades I should be taking...

"what's really going to bake your noodle later on is, would you still have broken it if I hadn't said anything?" - Oracle

1. Once you know these two tops and you see price on its way down draw a line.
2. Take a parallel and slap it on the bottom of nearest low.
3. Watch how it bounces off it.

*The middle line running down the center is daily MA20, in case you wondering...

Should this still be a valid target?

After all we are bear, sorta.

But we are still in what is becoming a massive range.

1. What? you didn’t take this trade? This was totaly worth the risk!
Did you not see the double bottom?
2. You could have waited and got in on this bullish bar right here, (blue one)/

What happened this Friday...

There's a daily pivot at ~1.3983 , 50% Fib, top of the standard deviation channel, and it was Friday (lower volume starting mid day on). The MA probably helped also!

We'll see where she goes next week.

Your this post and previous post by Liger, like many other posts in this and other threads, explain things after the fact. How does this help a trader trade real time?

So many types of tech analysis, on so many time frames, many very much valid in pointing to short, others screaming long, as we have seen happen this week makes me think and wonder the real worth in tech analysis. Then again both the decisions may just have worked for both the traders.. why? Focus on not just entries but very importantly on exits and much more important ..money management.

Forex moves are like a pendulum and therefore offers many chances to rectify your erroneous entries, exits as well as erroneous money management before it finally dumps you and makes its way to where ever it has to go. Therefore if you can work out a half decent technique with adequate exit and money management you have given yourself enough ammo to be successful.

Just a thought, to make myself work more dedicatedly on the neglected aspects of trading and become an ultimate winner in this lucrative, or otherwise disastrous, crazy world of forex.

Thanks for bearing with me

TF

hows everyone's weekend so far?

i was away from last 4 days and when i return guess what notch is suspended hehe i cant belive this...what went wrong?

after reading so much news about usd today, i guess the open of market will rise alot for eur.

Hey

I am currently holding a long position on EU I am hoping that at the start of trading session it will go up....

Any thoughts on how Monday is going to go, guys?

Don't ask coz no-one will know whats gonna happen on Monday til Tuesday.

notch suspended?????

Lol I suppose that wa sthe answer I was always going to get

Think he upset some respected senior members but this post probly didn't help.


http://www.forexfactory.com/showpost...94&postcount=1

For me the best way to see where the euro is headed is to pull up a naked daily chart, draw your lines along the top and bottom. I use a combination of sonic, pivots and volty for making trading decisions daily, but always refer back to that big naked chart



Kim

Keep in mind that bad news for US means recession is not over... so you might get the oposite, people returning to the "safer" currencies...

Risk appetite and hope that recession is easying/ending made this rally...