EURUSD

morning

Just went short at 1.445 - I think we are forming head and shoulders on 1h euro/USD chart.


Totally off topic but anyone else here in FL? I am freezing my ass off - going back to bed to monitor market via cellphone lol.

good afternoon

im going to leave my sell position just if the 1hr candle closes below 1.4334, then ill leave it. I opened a position at 1.4350, i have sl now at 1.4395, but a tight sl could be played at 1.4366.

Good luck guys on all your trades!!. tp 1.4378

5 times on a 1 h candle, it has bounced from 1.4408/03 support.

It will try to break the resistance at 1.4480.

The train is going towards 1.4550 levels if we break 1.4480 resistance.

If it cant break support, it has to break resistance.

Did you hear this Morning on CNBC

about U.S. Public Pension Funds is $2 Trillion $$$ Short ?

And that's not included in Debt #. How this would affect GDP #?

What they going to do now?

Cut pension for people? Or just print another 2 trillion???

Morning,
I've just added into that long.

Softly softly catchee monkey.

very simple rules. you have seen them everywhere.

- never change lot size - i used to have the following problem: when accumulating a few bad trades i increased lot size to compensate for the losses (revenge trading?). eventually it bankrupted me. so now at the beginning of the month i see how much i have in my account and apply a risk percentage (i use now 4%) to determine how many lots i can trade that month. basically i have to "earn the right to trade bigger" and not decide it as i go.

- never change stops - yes, very basic but still i find it hard to comply. it's difficult for me to accept losses...

- trade with the trend - obvious too. for me it's difficult to stay out of the market waiting the entry with the trend so i have to remind myself.

- enter pulbacks - goes along the same line as the previous rule. i have a huge tendency to enter countertrend "assuming" the present price will be a top.

- wait till at least one candle as closed above/below the previous to enter - many time i see a relevant level and enter it before it has reversed. many times it doesn't reverse...

these "rules" are everywhere. my problem is obeying them! yesterday i had at least a 50 pip loss because i didn't obey them.

it 1.440 held so my long is still looking good.

hapipiping

well, you're right.
but on my biological clock... it's morning

morning? ok... morning!

..frohes neues!

well guys,
from now on...


eyes on are 4427-04

as always... above long ... below short

I heart their bonuses will be cut by 50%.

meine Uhr geht etwas nach

Russian roulette...

Evening in Oz. Gday.
Just a thought.

USD-CHF monthly pivot seems to be the problem at 1.4440 level. It has been pierced twice but has been a noisy area for quite a while. I think we would have to give it a mighty smack on the head to help EU up. Maybe NFP?

give it one more chance..ok

Possible head and shoulders forming on 1h? Anyone see this or is it me imagining things?

We are trading range 1.4400 - 1.4480 and now we are in the middle running blindless back and forth the minirange.....crappy, hopefully news will bring somenthing to chew.

Place your bets

There is no Head and Shoulder there, its a look a like head and shoulder, but not the real one.

Any hesitation to break the 4400 region and a constant bounce off that region means more upward move.

Now whatever way this happens, either through some sort of a series of correction or a strong spike upwards it doesnt matter, bottom line is that the EUR is stuck at the 23.6 fibonacci retracement of the drop from 5140, and its not bouncing down from that, so there is only 1 way left, and that is more upward move to the 38.2 Fibonacci level, which is 4570.

Today the best opportunity will arise somewhere between 10:30 and 11:30 EST and its most probably a buy.

If we were to witness more down move, then the 4400 level should have turned into a resistance, that means by now 4350 should have been reached and a bounce starting to form upwards.

This hasnt happened yet, so we are making 4400 as a support level, which means that the bears are slowly moving aside and giving room for the bulls to come over.

see it. with nl @ about .4403. plus bearish divergence in stochs. but mkt is paralyzed. adp coming in tmw an nfp on fri. and new biz year just started. none of the pros want to kick it off with a loss. better trading with some profits on your a/c.

also check out the 4 h tf. got a flag there.