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EURUSD

  • #151,401
  • Oct 12, 2009 9:27am Oct 12, 2009 9:27am
I really liked trading today.
Dax did what it was supposed to. EUR was a bit tricky for me as the short term trend was down but long term trend still up.
The move up is still intact as above 4x1 on the 15min chart.
It will be interesting to see if we'll manage to brk the high of 1,4818 or not. I got my pips for today and will just watch.
Good luck to all of ya,
The Cat
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #151,402
  • Oct 12, 2009 9:27am Oct 12, 2009 9:27am
just got a signal for short.. lets see ;-)
Pation is the Holy Grail
  • #151,403
  • Oct 12, 2009 9:29am Oct 12, 2009 9:29am
Quoting bamsw
any analysis? chart?
On the 5M the EURUSD is operating at an extrema which, so happens to sit right on the psychological level of 1.4800. Price has also ducked back into the BB on the 5M (normally, not such an issue - but the extrema changes interpretation). Pattern of price on the 1M also demonstrating weakness and possible formation of downward channel. PA on 5M also appears to possibly be forming tower. So, from a short-term perspective, looks like it is time to contemplate shorts. Also, most recent low around 1.4680...we are now 110 pips away from this position - do you really think it will continue to climb in the short-term without a retracement - consider the average true range for this pair.
  • #151,404
  • Oct 12, 2009 9:29am Oct 12, 2009 9:29am
Greetings to all of you!!!! I'm a new member here in Forex Factory, this is my 1st post...

I will share my best knowledge and my unbeatable signals in Forex World..

Where is the EURUSD going now? BULLISH to BEARISH now (Reverse for a while...)
  • #151,405
  • Oct 12, 2009 9:29am Oct 12, 2009 9:29am
Quoting CzechTrade
just got a signal for short.. lets see ;-)
What signal ?
  • #151,406
  • Oct 12, 2009 9:32am Oct 12, 2009 9:32am
Quoting viljam
What signal ?
The tip melted when it got near to the Sun on its way to sky.
The Thief of Wall Street
  • #151,407
  • Oct 12, 2009 9:32am Oct 12, 2009 9:32am
Still bulls to break the 1.4800 again or now it will fall?
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  • #151,408
  • Oct 12, 2009 9:32am Oct 12, 2009 9:32am
Quoting viljam
What signal ?
price action + candle sticks formation.. well i put a tight SL.. we will see..
Pation is the Holy Grail
  • #151,409
  • Oct 12, 2009 9:36am Oct 12, 2009 9:36am
Quoting X.Oden
Sure thing. The reason I am solely hedging now is because I work 2 jobs. One pays the bills, the other one grows my savings plan. When my savings plan reaches a certain $$ amount, I will make that my sole business alone.

Once that happens, I will trade the method that I really want to trade. At this time, it is not possible.....so in the meantime, I hedge so there is no guesswork involved.
You sound busy!
I am not a fan of continuous hedging for the simple reason is it violates the KISS principle. And it allows one to not be wrong, not to take a loss when perhaps you should, not to evaluate the original trade and why it may be at a loss. More the psychological aspect. I do not now how you use hedging per and this is not directed at you more of an open response to hedging in general and newbies and not so new traders in general.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #151,410
  • Oct 12, 2009 9:41am Oct 12, 2009 9:41am
Quoting sophiaphia
You sound busy!
I am not a fan of continuous hedging for the simple reason is it violates the KISS principle. And it allows one to not be wrong, not to take a loss when perhaps you should, not to evaluate the original trade and why it may be at a loss. More the psychological aspect. I do not now how you use hedging per and this is not directed at you more of an open response to hedging in general and newbies and not so new traders in general.
Hedging is most definately NOT for noobs....precisely for the reason you state. It can be quite damaging to the psychological characteristics that need to be developed in order to be successful in the long term. It also is, logistically, alot going on for a new trader to stay on top of......
  • #151,411
  • Oct 12, 2009 9:41am Oct 12, 2009 9:41am
Good morning forex factory,

So now central banks are slowly diversifying further out of the US dollar. Who would have seen that coming? (Other than me that is.) I hope y'all realize that 1.4450 is the floor now.

Me and 7700 pips profit are happily waiting for 2.0 in 2011. Any questions?

Happy trading!
"Timing Is Everything. Really I Swear It Is"
  • #151,412
  • Oct 12, 2009 9:42am Oct 12, 2009 9:42am
Quoting Chicky
The tip melted when it got near to the Sun on its way to sky.
ahahaha...man..i like this phrase
  • #151,413
  • Oct 12, 2009 9:45am Oct 12, 2009 9:45am
im am short at 4794... it may go up some but i dont think it will break 4830.
  • #151,414
  • Oct 12, 2009 9:46am Oct 12, 2009 9:46am
Sophiaphia,

I share your sentiments, I agree that beginners or as they like to call it here, noobs, shouldn't hedge. Hedging is an advanced style of trading and if done incorrectly will do severe damage to one's account, possibly even wipe it out....

My hedges are / have been planned out thoroughly...it is very difficult for me to lose money in trading. It is not a quick building method like other concepts I have studied which I plan to trade in the future, but it gets the job done. At this point in time, all I am looking for is a level of consistency which I have found solely through hedging.

For noobs, I would recommend breakouts with quick profits until they learn to ride trends and learn about money management.



Quoting sophiaphia
You sound busy!
I am not a fan of continuous hedging for the simple reason is it violates the KISS principle. And it allows one to not be wrong, not to take a loss when perhaps you should, not to evaluate the original trade and why it may be at a loss. More the psychological aspect. I do not now how you use hedging per and this is not directed at you more of an open response to hedging in general and newbies and not so new traders in general.
In Charts We Trust!
  • #151,415
  • Oct 12, 2009 9:46am Oct 12, 2009 9:46am
Quoting ejin
ahahaha...man..i like this phrase
But it will make its way up to 1.4950 before coming down to 1.4500 if history is something.
The Thief of Wall Street
  • #151,416
  • Oct 12, 2009 9:48am Oct 12, 2009 9:48am
http://www.bloomberg.com/apps/news?p...d=a4x9dIJsPn4U

Bloomberg has been talking up this "weak dollar" story continuously for the last day. It's been "breaking news" on the hour for almost a day. At a certain point, "news" becomes propaganda...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,417
  • Oct 12, 2009 9:51am Oct 12, 2009 9:51am
Quoting The Fool
http://www.bloomberg.com/apps/news?p...d=a4x9dIJsPn4U

Bloomberg has been talking up this "weak dollar" story continuously for the last day. It's been "breaking news" on the hour for almost a day. At a certain point, "news" becomes propaganda...

We don't give a s**t about that, rise or fall, what the heck, just get in the right direction to ride the pips.
Traders are smartasses
  • #151,418
  • Oct 12, 2009 9:53am Oct 12, 2009 9:53am
Quoting The Fool
http://www.bloomberg.com/apps/news?p...d=a4x9dIJsPn4U

Bloomberg has been talking up this "weak dollar" story continuously for the last day. It's been "breaking news" on the hour for almost a day. At a certain point, "news" becomes propaganda...
News are always propaganda except if you believe in "independency" of journalists ...
"I will walk before they make me run" K.Richards
  • #151,419
  • Oct 12, 2009 9:54am Oct 12, 2009 9:54am
Quoting Jm4x
News are always propaganda except if you believe in "independancy" of journalists ...
Nice one haha
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  • #151,420
  • Oct 12, 2009 9:57am Oct 12, 2009 9:57am
Quoting TheLastCoke
Would not call it gamble
Good call
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