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EURUSD

  • #140,061
  • Sep 8, 2009 5:29am Sep 8, 2009 5:29am
Quoting JackJones
Under capitalised and over leveraged perhaps.
no doubt. the fault of the forex promoters touting quick enormous gains with flashy training videos.
  • #140,062
  • Sep 8, 2009 5:29am Sep 8, 2009 5:29am
Quoting Dr.alshiekh
be simple
We get it dude! However there's nothing to brag about. Your entry was late. I'll give you five previous perfectly valid entries (given by different strategies)

1.4075 on 17th August
1.4130 on 18th August
1.4260 on 2nd September
1.4255 5 am GMT on 4th September
1.4290 17:00 GMT on 4th September

So I don't see why you're making so much fuss about it...

Oh and by the way Atlast, remember when I was telling you that in order to get south it needs a big push up. I told you this last week if I can remember correct. Well... this is the big push up.
  • #140,063
  • Sep 8, 2009 5:30am Sep 8, 2009 5:30am
Quoting Anskiere
YES! Down to HELL!

Hang tight buddy. I'm with you. Stay optimistic. We'll see gold at 900 and Euro at 1.38 soon. If they don't kill me first.

At most we start all over again.

Amazing to see this kind of PA when New York haven't even wake up yet.

Let's hope the Americans do their country proud and shoot it down.
Hehe, I have a bearish sentiment too Who knows EURUSD hands out an early xmas for both long and short positions
Close your eyes when you feel you are going under.
  • #140,064
  • Sep 8, 2009 5:30am Sep 8, 2009 5:30am
It's bigger than me. It's been a tough year, can't seem to hold on to gains.
  • #140,065
  • Sep 8, 2009 5:31am Sep 8, 2009 5:31am
Must admit i was caught on the wrong side of that move.

Above 1.45 maybe just a matter of time, will watch how it behaves at 1.4530-50 for a counter trend but for now i leak my wounds
Some drink at the fountain of knowledge. Others just gargle !
  • #140,066
  • Sep 8, 2009 5:31am Sep 8, 2009 5:31am
shorting this now tight SL sl 4517 tp 4300
  • #140,067
  • Sep 8, 2009 5:32am Sep 8, 2009 5:32am
Quoting Dr.alshiekh
be simple
Nothing is certain, Doc.
  • #140,068
  • Sep 8, 2009 5:35am Sep 8, 2009 5:35am
Quoting TheFisherman
.........

Oh and by the way Atlast, remember when I was telling you that in order to get south it needs a big push up. I told you this last week if I can remember correct. Well... this is the big push up.
Bro, was positioned long before then with numerous Tp's. Check out my post on friday when I was pi**** off as some of big positions were hit on the pip. Had to build it back quickly though, and build I did.
Still, glad to know a strong hand. one of the few here.
  • #140,069
  • Sep 8, 2009 5:36am Sep 8, 2009 5:36am
Quoting bamsw
I read articles posted by trading801 and I learn about money management there. I've been more than 2 years in forex but still losing money.
Practice what you read about money management. You know that every time you enter a big position market goes against you. It happens in your mind not in the market and you close your position. The best way is to never ever take a bite bigger than what you can chew. If you keep on taking $1 profit and
$10 losses, you will never get rich.
The Thief of Wall Street
  • #140,070
  • Sep 8, 2009 5:37am Sep 8, 2009 5:37am
Quoting TheFisherman
We get it dude! However there's nothing to brag about. Your entry was late. I'll give you five previous perfectly valid entries (given by different strategies)

1.4075 on 17th August
1.4130 on 18th August
1.4260 on 2nd September
1.4255 5 am GMT on 4th September
1.4290 17:00 GMT on 4th September

So I don't see why you're making so much fuss about it...

Oh and by the way Atlast, remember when I was telling you that in order to get south it needs a big push up. I told you this last week if I can remember correct. Well... this is the big...
hey

no offense...i post it for educational purpose....and i know its a late entry

but late or not late its 150 pip dude !!!

so i am not posting here to make my self a HERO

NO OFFENSE
  • #140,071
  • Sep 8, 2009 5:37am Sep 8, 2009 5:37am
...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 36 KB
  • #140,072
  • Sep 8, 2009 5:39am Sep 8, 2009 5:39am
Quoting TIckerShuffl
Nothing is certain, Doc.
YES u r right

Nothing is certain
  • #140,073
  • Sep 8, 2009 5:39am Sep 8, 2009 5:39am
I wouldn't keep my finger crossed on short yet. 1.4445 was broken quite confidently so we could very well see challenge of 1.4700 in the long run. I'm not saying we will but it's possibility
  • #140,074
  • Sep 8, 2009 5:39am Sep 8, 2009 5:39am
Quoting TheFisherman
It's probably consumers position as dukascopy's charts. On the other side of liquidity consumers are banks - liquidity providers. Which means that for 81% clients short the same amount the bank (which is usually at the other side of a trade) is long. That's why the indi is "contrarian". If 95% of bucket shops are losing money it's a pretty powerfull tool.
Yeah, that's sort of what I was trying to say. Apparently FXCM don't take the other side of 10K accounts or higher and that's why they say they can put out this report. They probably take the other side with the micro lot accounts though. It is powerful and most times right, I look at it nearly on a daily basis. Just another tool in the toolbox.
Nothing worth having is easy.
  • #140,075
  • Sep 8, 2009 5:43am Sep 8, 2009 5:43am
Quoting Turtle4x
...
huh, I think the important fib is not hit yet.
  • #140,076
  • Sep 8, 2009 5:45am Sep 8, 2009 5:45am
Quoting Tom81
I wouldn't keep my finger crossed on short yet. 1.4445 was broken quite confidently so we could very well see challenge of 1.4700 in the long run. I'm not saying we will but it's possibility
Yeah... After have a couple nice shorts and zero follow through, I told myself do not short until 1.47. I took a chance with an earlier short, figuring I could get out with small loss; should have closed it yesterday when I was in the money , bastards.
  • #140,077
  • Edited 5:47am Sep 8, 2009 5:46am | Edited 5:47am
The EUR/USD breakout looks serious, although it's currently not so far from the resistance line.

Reasons:

 

  1. Breakouts are seen across the board. AUD/USD is a great example.
  2. US dollar Index is at the lowest levels in a year.
  3. Dollar Yen safe-haven correlation is broken. Yen is also gaining against the dollar.


What do you think?

  • #140,078
  • Sep 8, 2009 5:49am Sep 8, 2009 5:49am
Quoting Atlast
huh, I think the important fib is not hit yet.
where is that?
  • #140,079
  • Sep 8, 2009 5:50am Sep 8, 2009 5:50am
Okay, my 4 hour has now been superceded by my daily chart to give you the bigger picture.

Gator, my gaps are coming closer and closer

Attached Image (click to enlarge)
Click to Enlarge Name: USDX-DAILY-8SEP.PNG Size: 71 KB
Nothing worth having is easy.
  • #140,080
  • Sep 8, 2009 5:52am Sep 8, 2009 5:52am
Quoting Yohay
The EUR/USD breakout looks serious, although it's currently not so far from the resistance line.

Reasons:

 

  1. Breakouts are seen across the board. AUD/USD is a great example.
  2. US dollar Index is at the lowest levels in a year.
  3. Dollar Yen safe-haven correlation is broken. Yen is also gaining against the dollar.


What do you think?

Looks like US plans to debase it's currency to make repaying it's debt easier.
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