EURUSD

I think this is the last ditch effor to take out highs. Month end volatile moves today

not much.. michican sediment in 25m

or the only untouched fib just hit.

They've been playing games with the 5min. Taking us to within 2 points of extreme overbought then backing off. Three times in a row. Jacking up the price and shaking the tree this way.

Hehe its always 2 pips/always.For me anyway a matter of 2.

Oh you meant, yeah, 2 or 3.

Good trading!!


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I don't even bother with that myself.Myself I just use Stoch, trendlines and fibs and candlesticks,15 min chart .thats it..My Macd D is just for squeezing a few extra pips near my target. on a 5 min chart.
I follow the system of 40-100 pips a day on babypips.KISS for me

How to Trade the EUR-USD for Profit?

I wish there was a simple answer to this question. If there was one you and I would no longer be trading because we would already be rich from trading and would have no need to trade further!

So let me share with you my thoughts and hopefully they will help you in your trading.

FIRST off trading is not investment. We buy and sell, usually for small profit. That is trading. In and out of the market based on a strategy. Holding a position for only the amount of time that is needed to attain target.

SECOND understanding the fundamentals. Knowing what the ECB, Fed, BoE are doing or thinking of doing. When the economic news/reports are coming out and their impact. Finally current events: Who is talking, what is the economy doing, what is the political situation and the impact of all this on demand/supply of currencies traded.

THIRDLY spend time reading the chart! AKA Technical Analysis. Prices just keep on moving.... up, down, up, down.....up, up, up, down, down, up. Don't let that be a distraction. Object is to SEE the overall 'geometry'. Knowledge of basic arithmetic and geometry from high school is all that is needed coupled with chart reading techniques which can be acquired from a good Technical Analysis book.

FOURTHLY no financial instrument moves in a vacuum. All financial instruments are inter-related. One goes up other goes down. If you went long in EUR-USD and made a profit. Chances are very good that if you went simultaneously long in USD-CHF you had a loss. Know the relationship between pairs, Crude, Gold and Stock indices.

FIFTHLY Trade to make money. Be proactive. Know that you are trading to make money. Look at multiple time frames. Use all relavent charting tools. Have a trading plan. Do pre-trading preparation after market closes. Yes easier said than done. But what good is all the knowledge acquired by reading technical analysis books, current newspapers if it does not help you make profit? THIS IS CALLED WORKING! Money just does not flow in just because you have the knowledge. WORK THOSE CHARTS! ...so to speak. Make it a Habit!

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The above is my opinion. You may make adjustment to the above to suit your needs. Trade well

we re slowly getting above the 61,8

Stick to your trading strategy.If you try to cheat ,you will most likely be the one cheated.

Its holding strong for the moment

do you think we ll get over it?

right now? no but who really knows

I am short at 1.4380

good trading!!


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what is ur target

Tool 11 pips and I am out, dow seems be trying to go positive again

very good .

University of Michigan numbers better than forecasted but dow still falls. I see a retracement back to at least 4347, if not lower.