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EURUSD

  • #170,221
  • Dec 9, 2009 10:10am Dec 9, 2009 10:10am
EU Update
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 48 KB
Fools Rushing
  • #170,222
  • Dec 9, 2009 10:12am Dec 9, 2009 10:12am
What do the pros think about this PA? I am so confused if this is a way to shakeout out SHORTS, is it Fundamental, is it technicals......

Does it suggest possible upward run back to the HIGH or will we TEST the LOW again?
  • #170,223
  • Dec 9, 2009 10:14am Dec 9, 2009 10:14am
very bored, up,down,down,up,up,down
  • #170,224
  • Dec 9, 2009 10:14am Dec 9, 2009 10:14am
Quoting kiadanai
i followed some advice in the last 10 pages and i made nearly 100 pips!
thanks!(probably could have made more but i'm a bit cautious nowadays)

i'm very glad i found this site!
I understand your enthusiasm.
You may be happy today.
But following other's opinion is not a valid strategy.
Next time someone could be wrong and if you follow that advice it can cost you.

Driver55 is right.
You need hundreds of hours of market watch, study of fundamentals, technicals, intermarket correlations, self discipline and market psychology.
And make your own decisions so can have no one to blame or to praise, but yourself.
  • #170,225
  • Dec 9, 2009 10:20am Dec 9, 2009 10:20am
Quoting Twilight
I understand your enthusiasm.
You may be happy today.
But following other's opinion is not a valid strategy.
Next time someone could be wrong and if you follow that advice it can cost you.

Driver55 is right.
You need hundreds of hours of market watch, study of fundamentals, technicals, intermarket correlations, self discipline and market psychology.
And make your own decisions so can have no one to blame or to praise, but yourself.
I agree with this. I had to do alot of analysing checking out pairs checking the news etc. I have big screen with 13 charts different pairs showing me what is going on at the same time plus another screen showing the news as they come. This works best for me!
  • #170,226
  • Dec 9, 2009 10:20am Dec 9, 2009 10:20am
Still looking at these expectations.
  • #170,227
  • Dec 9, 2009 10:21am Dec 9, 2009 10:21am
Oops
169889
168767
  • #170,228
  • Dec 9, 2009 10:22am Dec 9, 2009 10:22am
Quoting Twilight
I understand your enthusiasm.
You may be happy today.
But following other's opinion is not a valid strategy.
Next time someone could be wrong and if you follow that advice it can cost you.

Driver55 is right.
You need hundreds of hours of market watch, study of fundamentals, technicals, intermarket correlations, self discipline and market psychology.
And make your own decisions so can have no one to blame or to praise, but yourself.
True. Plus, if you can have your own strategy which gives you a more wining percentage will make you a better trader in long run.
Fools Rushing
  • #170,229
  • Dec 9, 2009 10:24am Dec 9, 2009 10:24am
just looked at S&P and we are in no mans land or right in the middle of a channel. 2 options 1.to trade this either break of either line 1097 long or 1087 short or 2. just do the oposite and go short at 1097 and long 1087 in other word its not my kind of trading.
Will be here watching....
Adjusted my € chart and got a bigger triangle will trade according to that but with FX-Petra's conclusion the upside would be preferable. Anyway so far triangles have supplied me plenty of pips and since I am only going for 10- 14 pips any break is good.
Trade safe,
The Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #170,230
  • Dec 9, 2009 10:24am Dec 9, 2009 10:24am
Quoting IMARICH1
What do the pros think about this PA? I am so confused if this is a way to shakeout out SHORTS, is it Fundamental, is it technicals......

Does it suggest possible upward run back to the HIGH or will we TEST the LOW again?
There are billions of dollars traded every minute. Hundreds of correlations between markets. No one knows why anyone else sells or buys. It's a combination of all the above. Try to pick out the dominant factor and you should be on the right side, but you have to read and observe every day. Obviously an issue today is Spain, but that seems to have blown over. If you ask me, the market lacks conviction
  • #170,231
  • Dec 9, 2009 10:26am Dec 9, 2009 10:26am
Quoting QuickSilver
I agree with this. I had to do alot of analysing checking out pairs checking the news etc. I have big screen with 13 charts different pairs showing me what is going on at the same time plus another screen showing the news as they come. This works best for me!
Wow ... 13 pairs at the same time?
You have some strong distributive attention.

I only watch 3 pairs constantly: EURUSD, cable and EURJPY.
I glance at AUDUSD, NZDUSD, USDCAD at major news and maybe catch a ride.
More than enough for me.
  • #170,232
  • Dec 9, 2009 10:26am Dec 9, 2009 10:26am
http://www.bloomberg.com/apps/news?p...d=atEwnRxRWY44
if anyone is interested
Trade on your own risk Plan your trade&trade your plan dont be a
  • #170,233
  • Dec 9, 2009 10:29am Dec 9, 2009 10:29am
too many supports/resistance in this area as I said in my earlier posts. Seems indecisive but I feel price wants clear out these lines and blow up to the upside. added more longs at 4700
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Click to Enlarge Name: pivotchart.gif Size: 21 KB
  • #170,234
  • Dec 9, 2009 10:31am Dec 9, 2009 10:31am
Quoting MTF Test
True. Plus, if you can have your own strategy which gives you a more wining percentage will make you a better trader in long run.
Yep. Of course, watching the big boys making decisions can teach you a lot.
But eventually you have to become your own big boy and act upon your own analysis and trading plan.
First rule is personal responsibility.
  • #170,235
  • Dec 9, 2009 10:31am Dec 9, 2009 10:31am
Quoting Trading Cat
http://www.bloomberg.com/apps/news?p...d=atEwnRxRWY44
if anyone is interested
Typical Bloomberg shadow boxing; if this breaks it goes up, if that breaks it goes down
  • #170,236
  • Dec 9, 2009 10:33am Dec 9, 2009 10:33am
I agree but sometimes those that have watched the charts more than me can have a feel for the direction or if market manipulation is going on before a big move.....even though I have studied the screens for at least 5 years....I can't say I am as confident as I should be....

Driver55 you are correct my friend.....I just know that you have other things you watch and look for in the forex and stock arena......so this gives you an edge over me as I do not have those tools and skills.....
  • #170,237
  • Dec 9, 2009 10:35am Dec 9, 2009 10:35am
Quoting Twilight
Wow ... 13 pairs at the same time?
You have some strong distributive attention.

I only watch 3 pairs constantly: EURUSD, cable and EURJPY.
I glance at AUDUSD, NZDUSD, USDCAD at major news and maybe catch a ride.
More than enough for me.
i manage 16 charts on single platform using one laptop
  • #170,238
  • Dec 9, 2009 10:36am Dec 9, 2009 10:36am
Perhaps I am wrong.....but ther appears to be a BEAR Flag on 1hr chart...I know ...I know some of you don't put alot of weight in that pattern but I do see it.....

Any thoughts from others?
  • #170,239
  • Dec 9, 2009 10:39am Dec 9, 2009 10:39am
yeah like the other two drops but I'm disregarding this one.


Quoting IMARICH1
Perhaps I am wrong.....but ther appears to be a BEAR Flag on 1hr chart...I know ...I know some of you don't put alot of weight in that pattern but I do see it.....

Any thoughts from others?
  • #170,240
  • Dec 9, 2009 10:41am Dec 9, 2009 10:41am
i use to have multiple screens but i'm trying to trade with just a 13" laptop trading just the euro with oil and dow charts. want to trade wherever i want.

Quoting swingtrader
i manage 16 charts on single platform using one laptop
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