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  • #166,521
  • Nov 27, 2009 7:21am Nov 27, 2009 7:21am
Quoting cannarek
watching carefully...
I have the same match...and this could play out very beautifully...some reason....we could see a very big move...
The wise move is to wait for the break either way...

Good Luck
GeppyG
Let Price determine your future!
  • #166,522
  • Nov 27, 2009 7:23am Nov 27, 2009 7:23am
Quoting TexasforEX
whether they intervene or just the threat, it will go up either way. The charts do not lie. It just bounced off the weekly TL. I just bought 3 lots just over 85 and will get 200 pips/ea by holding for 1-2 weeks.

Gotta take some profits here. What a holiday gift from Madame market.
"Timing Is Everything. Really I Swear It Is"
  • #166,523
  • Nov 27, 2009 7:31am Nov 27, 2009 7:31am
im watching this right now...

inverse h&s pattern with target 1.5

if price breaks 1.493 im in with 30pips stop loss and tp of 1.5

lets see...
Attached Image (click to enlarge)
Click to Enlarge Name: invhs5min.gif Size: 17 KB
  • #166,524
  • Nov 27, 2009 7:46am Nov 27, 2009 7:46am
Quoting jesterx
hello there are many traders in here that are good.

I keep losing about $200 US a week on EUR, I follow patterns and i am using stops losses and everything... Its like something is against me....but I dont have a good system yet...so need someones help..I was so aggravated I throw my brand new speakers into the wall....

Please help I am in dias straights right now...there is much talent in here! Please help.

Please help what sort of a system should I use?

What are some good one here?

Who are good users to listen to?

please i am really...
hello there are many artists in here that are good.

I keep drawing about 20 bad, ugly portraits a week, I follow books and lectures and i am using pencils and everything... Its like something is against me....but I can't draw yet...so need someones help..I was so aggravated I throw my brand new speakers into the wall....

Please help I am in dias straights right now...there is much talent in here! Please help.

Please help what sort of a drawing/painting system should I use?

What are some good one here?

Who are good artists to listen to?

please i am really in need, any of your help is much appreciated
  • #166,525
  • Nov 27, 2009 7:47am Nov 27, 2009 7:47am
watch us go down violently today.

agghhhh what would I know....tsk tsk.

someone please help out there a successful strategy for me.

*on knees beggin*
  • #166,526
  • Nov 27, 2009 7:48am Nov 27, 2009 7:48am
For everyone that saw my chart, that narrow Bear Channel still intact, but Today Bears must show their strength and see if they will control or no next week.

Careful with longs, only below 1.4844 you are safe for now.

Do your bet now, follow the Trend or go against it, I went against at 1.5142, and I won lot of pips yesterday and today. No need to open new trades today.

GL ALL and be very careful trading today.
  • #166,527
  • Nov 27, 2009 7:51am Nov 27, 2009 7:51am
Hi again folks, after missing on all the big moves and losing on a few wrong scalps at the bottom :/ I'm back. Fortunately I haven't suffered as badly as I could and now I have some time to reflect on the future... To me it looks like we might be seeing some sort of a reversal. The daily candles are very bearish, and there is a special Elliot pattern also known as a high B correction, which means that wave B(the spike to 1.514) was higher than 5, which implies that C will be deeper than usual and might as well damage the trend critically. The only thing that holds me from placing long term shorts on low volume, is that I fail to see any fundamental reason for the dollar to rise. Also the "reversal" happened on a special day, with the US away for holiday, and therefore this might invalidate the techs. The Dubai news was major, but I simply don't see it changing the long term picture... which remains dollar negative. Perhaps it is not so euro positive though. I guess we could see an even stronger shift to gold, as more and more currencies fail to deliver safety and yields. Could the EUR settle to a quiet range again?
  • #166,528
  • Nov 27, 2009 7:57am Nov 27, 2009 7:57am
Quoting jesterx
hello there are many traders in here that are good.

I keep losing about $200 US a week on EUR, I follow patterns and i am using stops losses and everything... Its like something is against me....but I dont have a good system yet...so need someones help..I was so aggravated I throw my brand new speakers into the wall....

Please help I am in dias straights right now...there is much talent in here! Please help.

Please help what sort of a system should I use?

What are some good one here?

Who are good users to listen to?

please i am really...
When you figure it out.. Let me know.. I have 15 min, 1 hr, and daily charts with lines and those lines are obeyed 65% of the time, yet, I lose money.. I feel the same way.. I swear to god I think there are a group of traders like us that can somehow be predicted and the market wants our money.. And the market gets our money..
  • #166,529
  • Nov 27, 2009 8:06am Nov 27, 2009 8:06am
Look the Channel, timing and that channel are now .... "The Kingdom of forex has a name...."

1.4866 next number to follow.

I will show in a couple of minutes again the chart updated to see how PA is respecting the channel, not even touched the top line yet.
  • #166,530
  • Nov 27, 2009 8:07am Nov 27, 2009 8:07am
Quoting bzyqe
Quote:
Originally Posted by Z3iz3i http://cdn.forexfactory.com/images/buttons/viewpost.gif
Somehow i feel big move down will happen after NYC open, stocks probably dive deep at start...and drag EUR along. Before it this sucker might run around without destination at 1.4900 +/- 15 pips http://cdn.forexfactory.com/images/s.../yim/happy.gif

I don't think so. I look at US Futures and...

Well, it decided to go down before the opening.....
They think they are smarter than I am.
  • #166,531
  • Nov 27, 2009 8:07am Nov 27, 2009 8:07am
Quoting Masrim
Hi again folks, after missing on all the big moves and losing on a few wrong scalps at the bottom :/ I'm back. Fortunately I haven't suffered as badly as I could and now I have some time to reflect on the future... To me it looks like we might be seeing some sort of a reversal. The daily candles are very bearish, and there is a special Elliot pattern also known as a high B correction, which means that wave B(the spike to 1.514) was higher than 5, which implies that C will be deeper than usual and might as well damage the trend critically. The only...

You do not need to figure a "reason" for the dollar to rise. When it does, people will spin a reason that it happened. The most likely will be "risk aversion". Price makes news, news does not make price. Read your charts, make your opinion and trade from it. period. do not second guess yourself. if you can not do that perhaps being a trader is not for you. However, your analysis is solid in my opinion. Executing profitable trades from good analysis is the next step. use good money management, be patient and reasonable expectations. best of luck in your journey.
"Timing Is Everything. Really I Swear It Is"
  • #166,532
  • Nov 27, 2009 8:08am Nov 27, 2009 8:08am
Trade between Europe and America is balanced, only difference is investments in Europe are done through American credit.
  • #166,533
  • Nov 27, 2009 8:19am Nov 27, 2009 8:19am
Quoting jesterx
watch us go down violently today.

agghhhh what would I know....tsk tsk.

someone please help out there a successful strategy for me.

*on knees beggin*
How much time have you been on trading?

When I began at forex on Aug. 2009 I ask the same question, if there is a system... people told me that the system will look for me...

Recommendations:

Lower your risk.. lower your lot size I think for the amount you are losing you are trading with .10 lot (or mini lots)... move down to micro lots (.01 lot) until you learn more... in this case you will be losing $20 bucks instead of $200 in the worse case scenario.

As Texasforex said position your trades. try to watch H4, H1 and daily to see major resistances and supports, and watch Price Action.

Beware of News (Fundamentals) try to wait upto 30mins after the news to see where the trend is going.

Always go with the trend... Daily, Weekly, Monthly.

If you go against... keep your finger on the close button, as soon as you see a small retrace close that position.

Cut the bad positions as soon as possible, let the profitable ones runs <--- this is hard, I am trying to.

Daily if you lose 3 times close the platform and come back the next day.

Try not to risk more that 2% of your total Capital.

As a beginner try to focus on one pair only.

Don't trade on low volume.

And the list keep going... I will open a thread with all this not to use this one, but I think some of this can help you, is helping me a lot.

Oh try not to be emotional, don't break things at home... take loses as a new experience... look what you did wrong.

  • #166,534
  • Nov 27, 2009 8:22am Nov 27, 2009 8:22am
Bye to all and GL.

I have done my job for this week!!
  • #166,535
  • Nov 27, 2009 8:24am Nov 27, 2009 8:24am
Quoting Geppyg
I have the same match...and this could play out very beautifully...some reason....we could see a very big move...
The wise move is to wait for the break either way...

Good Luck
GeppyG
yep. as everybody expects eurusd up (because of 1.5 break) - we should be looking for something opposite
  • #166,536
  • Nov 27, 2009 8:30am Nov 27, 2009 8:30am
164969 as expected
  • #166,537
  • Nov 27, 2009 8:30am Nov 27, 2009 8:30am
Quoting micho
kicked one short EURUSD at 1.4871 target adjustable 1.4839

do not copy, on your risk
Quote
target at BE
Quote
target 1.4883 ... this one is a loser
Quote
target 1.4879
typical bitching, low volume... they drive price up for a new high... then again hunt the stop losses for another new high before driving it down to first target and most likely 2nd target

due to the typical bitching that was -9 first negative trade after 500+ pips positive
When life gives you lemons, make lemonade
  • #166,538
  • Nov 27, 2009 8:39am Nov 27, 2009 8:39am
most reasonable for now is wait and watch imo (end of the week and month). most pairs has already fulfiled weekly ranges. there is still plenty of room on monthly ranges...
  • #166,539
  • Nov 27, 2009 8:48am Nov 27, 2009 8:48am
Too volatile for this punter! Good weekend to all.
  • #166,540
  • Nov 27, 2009 8:50am Nov 27, 2009 8:50am
Quoting TexasforEX
My style is to develop a medium to long term bias and then place my trades accordingly.

For example, I think a move up to 1.4975 area is very possible today. At that point I will be looking for any sign to enter a short. I am a position trader obviously. Day trading is just too hard, I am not that smart.
I know exactly what you mean, but in so saying, have you considered that a chart is a chart is a chart. Meaning they all behave the same, and therefore, you being a position trader have to risk a far larger proportion of capital than a day trader?

Good luck.
Good Trading. (keep it simple).
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