EURUSD

any one trading this crap should use tight stops .. 100 pip ones you are liekly to get stopped out and then have trade go your direction next session

I was trying to get a nice long basedo n 4 hour charts todsay .. got stopped out -60 pip only to have price right now back to where I got stopped out ..... grrrrrr

I know no one really follows me too much and I don't post alot regarding my trades as I am still learning and want to be dead on most time before I reveal a CALL.....

But for those of you who are new and are unsure who has sound advice, I have followed this group for over a year. I am good with picking a team (they don't know it ).....Atlast, Gatorinla, Driver55, vinesh2, Alg, Bear73, TheLastCoke, and Clouds(no certain order)...there are a few others I have not known for very long but seem to be good and those are Realjumper, Kambooj, malcolmb14, fontu and MuddaBudda.

These traders give good analysis and are weighted with either sound Fundamental knowledge or Technical Interpretation or BOTH. Some seem to give input daily and others on occassion.

I do not always agree with them as I use my own analysis and then compare what I have to theirs. Sometimes I am sure I bug them to death as I try to really understand their trade or convictions. I understand them more when I ask questions and they respond.

There other traders on here that are top notch too, but I like this crew and anything they say I respect. And I didn't say they were always right but they should get respect for their knowledge in this arena.


Goodluck to you all!

Hi Malc .. yeah, it's insane I get caught up with UJ short as well and is under water
But I went long on EU, to compensate the loss of UJ .. almost break-even now .. crazy volatility. Usually like this, telling me that the bottom or top is kinda confirmed. So, we would likely see EU flies tomorrow ..

So we're all going long eh?

make sure it is tight

that dip this morning just got bought into again

1.3600 is level to break down to get short again now IMHO

and i am sure your opinion is much more appreciated than criticized. my opinion of this thread was that misconceptions would be clarified in the form A posts his trade and if clearly wrong on that one, he would be told, not the other way around.

woa what a move, did grease just default or something

50 pips profit taken. made my day.

Holy crap batman!!

Humpty Dumpty Sat On A Wall

that was good

wtf with this move ? lol

What is going on?

wtf >?just went long and then boom... sl activated

Gold is dumping again like yesterday.

nice i recovered for today

rate hike

IMF selling gold

looking at 60 min chart ....

this looks like accumulation for 2 weeks and today could have been some form of shake out ....

look at where all high volume clusters are located ...

I do not foresee euro breaking 1.3500 any time soon ...lol .. BUT THESE ARE FX MARKETS AND ANY THING CAN HAPPEN AT ANY TIME.

this matches my DX weekly chart I posted earlier in week showing massive selling in the 80 .5 area

ok wtf now !!!!

The Federal Reserve announced late Thursday that it was raising its discount rate in order to push banks to borrow from the private market for short-term credit. In a statement, the Fed said it would raise its discount, or primary credit rate, to 0.75% from 0.50% effective on Friday. Fed chairman Ben Bernanke signaled last week that the Fed was mulling the move. Fed watchers had expected the move to come at the next Fed meeting in March. Today's action shows a sense of urgency on the part of the Fed officials. The Fed said the move is intended to "normalize" their operations as the financial crisis winds down. The change is not a tightening and does not signal any change in monetary policy, the Fed said.