EURUSD

see chart

But I am still convinced that this maket has reversed at 1.4600.

I have now taken a larger long position at 1.4648, if this time I am wrong I will have to go back and revise my Strat Entry.

1.45-46 is in general nice area, 1.4410 even better

Exactly

Bears are Fearful of Tuesday FOMC "NO CHANGE" announcement

and Bulls fearful of economic data reaction due today and tomorrow

I think we will stay in that range low 1.46 frozen for few days.

if we manage to break - we should expect sharp move. details on my blog for everybody

it is very choppy market atm in eurusd

I believe that chart doesn´t fit the thread...EUR/USD...was it a mistake?
or just advertising your blog?

http://www.finlandforthought.net/wp-...ds_finland.jpg

Good song T.E

H&S forming 1H / 15M charts....

Nice shorts then , my 1.4626 tp ok but others still intact & thinking if continue as it should tends towards again1.4686 I should this short or close now & retake .
Lower tf trying bull having round bottom but the seeing becoming smaller & as per H1 it to go up again before the down .anyway waiting before any action .
fontu

The Price should meet 4565 tonight or tomorrow and before meeting this point it can not go higher than 1.4689
I think there should be a good reversal at 1.4555 or if this point is broken it will meet 1.4508

as I have posted before I am not decided of where I see the € going. So it seems as well isn't my broker. This morning they gave out a buy reco, after the move happened and just recently they come up will a sell reco, but see yourself.
For me its still the same as before, unless we get out of the range I am just watching.
Take care,
The Cat

Stll long from 4630(full), 4680(1/2), and 4750 (1/4). Caught a nice scalp last night from 4610 up to 4670 (1/2 position). Up or down? No way to know. If up I am still holding for 1.51 area. This would yeild a nice Christmas present for my wife! If down, I will look to manage my trades for exit until daily close below 4480. Also, I will add another postion @ 4590 with a tight stop loss just below 4550. Good luck and good trades to all!

Im with ya but in my opinion no way we will get past 1.50...

Im long too but looking for 1.4950 as final target.

1,4950 amen

Also, I will be looking to close all my trades at some point this week. I do not like to trade the weeks of Christmas and New Year. Hopefully, we will see a break higher by Wend. If not, I will look for opportunites to lighten my load in front of the Holidays. I have been burned really bad before during this time of year.

Regards

Forex trading has become hot! Its heavy leverage allows traders to capitalize with big gains and the lure of huge profits sends many traders to forex on a daily basis. Sadly, most of these traders won't be around for long. As many as 90% of all new forex traders lose their capital and bring their accounts to zero within six months. Largely because they come into the forex market with the mistaken belief that all they have to do is learn a trading system and trade by the signal their favorite indicator gives them and they will be able to average out a profit. What they fail to realize is the false signal can wipe out a large portion of their trading account.

At this point I might as well tell you I am no fan of indicators! Indicators are nothing more than mathematical algorithms of some sort of movement in price, with a few other variables added depending on the indicator. What the forex trader should be concentrating on is the price chart itself. Why? Because the trained forex trader will be able to tell much more about the market by watching price movement than with any indicator or trading system. Price movement tells the story of fear and greed, which are the two most important criteria a currency trader needs to be able to discern. The volatility of the forex markets creates many trading opportunities that can be spotted by watching the price chart. Candlestick trading for instance will teach you to spot reversals in price before the majority of other traders. Western technical analysis in its original form also allows the forex trader to spot weakening of trends and areas of likely reversals before the rest of the crowd.

Before we all had our PCs charts were drawn by hand. There was no fancy charting software or trading platforms. What we take for granted as an instant chart took traders of old a lot of time to plot. These were the pioneers of technical analysis and they were looking at the chart NOT indicators. Japanese Candlesticks, the best form of analysis in my opinion for forex, has been around hundreds of years. These technicians were very proficient in reading the mood of the markets and many became very wealthy doing it. Many modern technical analysts combine Western chart patterns with Japanese Candlesticks and also do quite well in forex.

Computers have brought us instant access to the currency markets but along with it have come hundreds of indicators which will do nothing but confuse the new forex trader in my opinion. If you must use an indicator, learn to read the chart first. Learn the major candlestick reversal patterns as they relate to forex as they are different than other markets. Then plot your indicator and see how it relates to the chart. I'll bet you'll find you trade from the chart more often than you think.

Yes its sort of dangerous xmas and new years. I hope that it will come back to 1.5xxx, my daily analysis doesn't look like it, important to make this move invalid would be a close above 1.4682-86. Thats for me a reason to stay more short biased. Its anyway hard to really know where we are going there seems to be a huge indecision in the market and today wont be the one where its decided.