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EURUSD

  • #130,061
  • Aug 11, 2009 7:35am Aug 11, 2009 7:35am
Quoting siobi
hope my target works for today..


bad news for US btw , what gonna happen in next 15 mins haha.
  • #130,062
  • Aug 11, 2009 7:38am Aug 11, 2009 7:38am
Below 1.4160 is H&S break in lower TF which should see a double bottom today.
  • #130,063
  • Aug 11, 2009 7:41am Aug 11, 2009 7:41am
Quoting acumen
The single most important facet to longevity in this game is how much you risk on each trade. (Money Management)

You can be an average trader and a great risk manager and you'll most likely be here a year from now.

You can be a great trader and risk 5% or more on each trade you won't be here a year from now.

The statistics tell the story. Risk more than 5% on each trade and your chances of longevity are small. (I believe the number was 20% or less... I forget the number but it was low as hell)

Mike

True

It is crucial to have a point where you cant stay in the trade anymore,no matter how confident you are about it.
I will average once or twice but get out at around 4% draw down.
Some drink at the fountain of knowledge. Others just gargle !
  • #130,064
  • Aug 11, 2009 7:41am Aug 11, 2009 7:41am
Quoting Atlast
Below 1.4160 is H&S break in lower TF which should see a double bottom today.

1.4160 breaks few times today and the most stringer point is 1.4150
  • #130,065
  • Aug 11, 2009 7:44am Aug 11, 2009 7:44am
Initial TP reached. Next stop double bottom.
  • #130,066
  • Aug 11, 2009 7:46am Aug 11, 2009 7:46am
funny kid
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  • #130,067
  • Aug 11, 2009 7:48am Aug 11, 2009 7:48am
Quoting Alihuzaifa
funny kid

why?
  • #130,068
  • Aug 11, 2009 7:49am Aug 11, 2009 7:49am
Why is everyone selling? Bad news from US has been released about 19 minutes ago.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #130,069
  • Aug 11, 2009 7:52am Aug 11, 2009 7:52am
Quoting Gambler180
Why is everyone selling? Bad news from US has been released about 19 minutes ago.
you're not the only one who ask that stuff.
don't trade news , trade your chart xD
  • #130,070
  • Aug 11, 2009 7:52am Aug 11, 2009 7:52am
talking about the kid in my pic...


business

The dollar bulls may finally get the upper hand as it becomes clear to investors that the euro zone is behind the U.S. and the U.K. in its economic recovery prospects, Jane Foley, currencies analyst at Forex.com, told CNBC Tuesday.
  • #130,071
  • Aug 11, 2009 7:54am Aug 11, 2009 7:54am
short from 4156 how low can we go today ???? can we see 4102 go ???
  • #130,072
  • Aug 11, 2009 7:54am Aug 11, 2009 7:54am
Quoting Gambler180
Why is everyone selling? Bad news from US has been released about 19 minutes ago.

bad news? what is the news?
  • #130,073
  • Aug 11, 2009 7:55am Aug 11, 2009 7:55am
dont wory, it will go up
  • #130,074
  • Aug 11, 2009 7:56am Aug 11, 2009 7:56am
Quoting streetcry
short from 4156 how low can we go today ???? can we see 4102 go ???
my target is 1.4110, but we got strong support at 1.4120
  • #130,075
  • Aug 11, 2009 7:57am Aug 11, 2009 7:57am
Quoting SilverShark
dont wory, it will go up

yes, but not now and not today.... tomorrow might be price pullback .... but not today..... sure go down to 1.4110.

not dare to say it will break 1.41
  • #130,076
  • Aug 11, 2009 7:58am Aug 11, 2009 7:58am
Quoting Gambler180
Why is everyone selling? Bad news from US has been released about 19 minutes ago.
you're not the only one who ask that stuff.
don't trade news , trade your chart xD
  • #130,077
  • Aug 11, 2009 8:04am Aug 11, 2009 8:04am
I'm short also from 1.4175, tp 1.4110.
If it reaches 1.4090 going long for a shorter term.

1.4090 S1 daily
1.4075 S1 weekly
and my own copied channel trendline there

if it gets there, i think it shouldn't break it.
  • #130,078
  • Aug 11, 2009 8:06am Aug 11, 2009 8:06am
Close enough double bottom made today, I'm now flat. Risk of return to daily pivot before any more downside.
  • #130,079
  • Aug 11, 2009 8:09am Aug 11, 2009 8:09am
Quoting Knowlegeable
My take on things from a fundamental point of view with technicals added for timing purposes. Unless you have not noticed the pattern for the EUR/USD pair in recent months with some exceptions on certain days.

Please be more than aware the FED will have things to say on Wednesday at 2:15 PM and the market can always be led by the FED to have perceptions changed in an instance. The FED wants folks to think the economy is improving if for no other reason to increase confidence. The facts say different and the markets are near a topping point....

Here we are after my last post with EUR/USD at 1.4129 and EUR/JPY at 136.26 The USD/JPY trades at 96.43

Dow Futures are down 40 now and most important US Dollar Index is rising because of the change in US Bond Yields.

The Yields are now 1.22% and 3.74% so you can see now that as the Yields came down money was got from other asset classes (EUR/USD) and put into US Dollars and US Bonds bought for safety so the flow LED the EUR/USD down.

The charts now reflect the fundamental facts. If the Dow goes down 100 or more today EUR/USD will test 1.4050

Follow the money flows and you will move some of those flows into your own pockets.
  • #130,080
  • Aug 11, 2009 8:09am Aug 11, 2009 8:09am
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