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  • #170,921
  • Dec 11, 2009 1:16am Dec 11, 2009 1:16am
Dear all,

i am a new member on this forum. i have just started trading in forex for about a month. i had the opportunity to visist your forum for last 3 to 4 days. seems like you guys are very active in trading and i thought it would be a good place for me to learn. can you people give me any tips as to how to trade as a beginner and what to look for. how to get the news and above all how to read those charts i am so confused about those charts. your help is very much appreciated. thanks.
  • #170,922
  • Dec 11, 2009 1:16am Dec 11, 2009 1:16am
Quoting Trading Cat
good morning everyone.

Sorry to say this but nothing happened we are still ranging and I expected this also. we could get lucky and get some bigger moves around 14.30 CET.

Good trading,
The CAt
Morning The cat , I lots US news today & they can be all positive ,14.30 CET may represent any , which one you think ?
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #170,923
  • Dec 11, 2009 1:20am Dec 11, 2009 1:20am
Traingle here on EURUSD. Bit boring until this breaks.
Attached Image (click to enlarge)
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rat
  • #170,924
  • Dec 11, 2009 1:26am Dec 11, 2009 1:26am
Quoting fontu
Morning The cat , I lots US news today & they can be all positive ,14.30 CET may represent any , which one you think ?
fontu
Since the US is so dependent on their consumer, Retail prices would be the one to watch.
I still believe that even today will be sideways mode. Got a traingle on my 1hr chart which I will monitor and that channel we are trapped in since 08/12/09. break any line and I would be in a trade the triangle I do with 10 micro lots and the channel with 5 mini lots.
I have no idea where we will go anything can happen but I am ready for any direction (even if sideways continues).
Good trading,
The Cat
Attached Image (click to enlarge)
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #170,925
  • Dec 11, 2009 1:37am Dec 11, 2009 1:37am
Attachment
Quoting Trading Cat
Since the US is so dependent on their consumer, Retail prices would be the one to watch.
I still believe that even today will be sideways mode. Got a traingle on my 1hr chart which I will monitor and that channel we are trapped in since 08/12/09. break any line and I would be in a trade the triangle I do with 10 micro lots and the channel with 5 mini lots.
I have no idea where we will go anything can happen but I am ready for any direction (even if sideways continues).
Good trading,
The Cat
Cat

Ive got that channel sloping down, is this wrong.
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rat
  • #170,926
  • Dec 11, 2009 1:41am Dec 11, 2009 1:41am
morning
The best thing that can happen to you is to find out where you're wrong.
  • #170,927
  • Dec 11, 2009 1:42am Dec 11, 2009 1:42am
Quoting Driver55
morning
GM Dr,,,
  • #170,928
  • Dec 11, 2009 1:44am Dec 11, 2009 1:44am
Quoting Trading Cat
Since the US is so dependent on their consumer, Retail prices would be the one to watch.
I still believe that even today will be sideways mode. Got a traingle on my 1hr chart which I will monitor and that channel we are trapped in since 08/12/09. break any line and I would be in a trade the triangle I do with 10 micro lots and the channel with 5 mini lots.
I have no idea where we will go anything can happen but I am ready for any direction (even if sideways continues).
Good trading,
The Cat
Thanks for the information . the triangle is maturing & will break either side & may a direction today .now waiting my long tp 1.4741 as of scalping within the triangle.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #170,929
  • Dec 11, 2009 1:44am Dec 11, 2009 1:44am
Quoting Driver55
morning
Good evening sir.....coffee is in the pot, the bread is cooking in the oven.....it's Friday night (here).....life is good
Doing what you like is Freedom. Liking what you do is Happiness.
  • #170,930
  • Dec 11, 2009 1:45am Dec 11, 2009 1:45am
Quoting rattyo
Cat

Ive got that channel sloping down, is this wrong.
your upper wall is correct the lower one I am not sure.

Still the downside is not that favourable since we got so many resistance points down there which will take a lot of bad news to get through.
Also when you look at my channel I got a lot of points where my lines touch gives them more priority. Try to find at least 2 better3 point where the lines get touched and not pierced.

Since we are sideways as I posted before anything can happen.

Good Trading,
The Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #170,931
  • Dec 11, 2009 1:45am Dec 11, 2009 1:45am
Goodmorning everyone
  • #170,932
  • Dec 11, 2009 1:45am Dec 11, 2009 1:45am
Quoting Driver55
morning

Morning there Driver!
  • #170,933
  • Dec 11, 2009 1:45am Dec 11, 2009 1:45am
Quoting vishalrajgur
Buddy still u have time to get out of your long ........ cos this will head towards south once we r in London session

current is EU 1.4729
Thank you but not ready to yet.
Good Trading. (keep it simple).
  • #170,934
  • Dec 11, 2009 1:55am Dec 11, 2009 1:55am
i have a good feeling for today
  • #170,935
  • Dec 11, 2009 1:57am Dec 11, 2009 1:57am
Quoting USD-Bear
Attachment
spot on,,mine the same,till 1.49 ish then somwhere between 1.4910 and 1.5000,ill go short kinda long term then
  • #170,936
  • Dec 11, 2009 1:57am Dec 11, 2009 1:57am
Good morning all.
well, eur/jpy has been saving me for 2 days in a row now, meaning was able to find profitable trades in that pair.
as to eru/usd, nothing changed for me, still waiting for the major break out either way.
See a triangle on 1hour chart, so if broken to any direction might take a small size position, because those levels would be far away from the most important levels on my chart, which are at 1.4765 for the up move and 1.4669 for the down move.

Happy Trading,

V.
In God We Trust! The question is, does God trust us?
  • #170,937
  • Dec 11, 2009 2:05am Dec 11, 2009 2:05am
Quoting Seki
Goodmorning everyone
Good morning to you , driver,caprice and all .hope very great trading today. starting is good for me so far.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #170,938
  • Dec 11, 2009 2:06am Dec 11, 2009 2:06am
Taking a further long at 1.4736.
Good Trading. (keep it simple).
  • #170,939
  • Dec 11, 2009 2:14am Dec 11, 2009 2:14am
It still should go a bit down before longing, somewhere around 1.4710-20.
They think they are smarter than I am.
  • #170,940
  • Dec 11, 2009 2:15am Dec 11, 2009 2:15am
Quoting fontu
Good morning to you , driver,caprice and all .hope very great trading today. starting is good for me so far.
fontu
morning fontu!
keep up good work!
In God We Trust! The question is, does God trust us?
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