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EURUSD

  • #202,341
  • Feb 25, 2010 12:43am Feb 25, 2010 12:43am
Quoting Clouds
patience is the #1 (and maybe only) rule for being a good trader.

this is the truth seriously. i mean it's almost easy if you just freaking wait for the pa to hit the s/r lines and such...big numbers 00's and stuff, the trend is easy to see on longer tf's even for beginners..
people just jump on and look for a trade instantly cause they feel they have to trade, so if they don't find one...they read here or a blog and just place a trade probably off of someones backtest/demo bs...and can't figure out why...
Just draw the lines and wait or pick another method and stick with it...just wait
  • #202,342
  • Feb 25, 2010 12:44am Feb 25, 2010 12:44am
Only a matter of time now... GU and AU breaking down pretty well.

Looking for this hour to close below those inside bars for confirmation.
  • #202,343
  • Feb 25, 2010 12:46am Feb 25, 2010 12:46am
Went long for small retrace from 3460.Target 3488
  • #202,344
  • Feb 25, 2010 12:47am Feb 25, 2010 12:47am
Quoting uraceulose
this is the truth seriously. i mean it's almost easy if you just freaking wait for the pa to hit the s/r lines and such...big numbers 00's and stuff, the trend is easy to see on longer tf's even for beginners..
people just jump on and look for a trade instantly cause they feel they have to trade, so if they don't find one...they read here or a blog and just place a trade probably off of someones backtest/demo bs...and can't figure out why...
Just draw the lines and wait or pick another method and stick with it...just wait
Are you guys only watching your lines on the graph ? It's freakin' oversold.
  • #202,345
  • Feb 25, 2010 12:50am Feb 25, 2010 12:50am
Long gu 1.5320


Attached Image (click to enlarge)
Click to Enlarge Name: gu.GIF Size: 26 KB
Some drink at the fountain of knowledge. Others just gargle !
  • #202,346
  • Feb 25, 2010 12:51am Feb 25, 2010 12:51am
Quoting jarnapal
Are you guys only watching your lines on the graph ? It's freakin' oversold.
if it was oversold, people would be buying...... nobody is
  • #202,347
  • Feb 25, 2010 12:53am Feb 25, 2010 12:53am
And up we go in preparation for a nice drop to 1.34.
I operate with clear definite rules, if I break them I lose BIG!
  • #202,348
  • Feb 25, 2010 12:53am Feb 25, 2010 12:53am
Going to 1.3300. Then retrace to 1.3700 / 1.3900
  • #202,349
  • Feb 25, 2010 12:55am Feb 25, 2010 12:55am
boj lifting it up
  • #202,350
  • Feb 25, 2010 12:56am Feb 25, 2010 12:56am
SL @ BE it is a free trade now... TP +50-100pips.. Not like I would care if it actually reach there or not. but then thats how a Free trade suppose to do
  • #202,351
  • Feb 25, 2010 12:57am Feb 25, 2010 12:57am
Quoting plan-b
Long gu 1.5320


Attachment
good lluck picking the bottom
  • #202,352
  • Feb 25, 2010 12:57am Feb 25, 2010 12:57am
Quoting sidhujag
boj lifting it up
Lifting what up & where did you get this info?
  • #202,353
  • Feb 25, 2010 12:58am Feb 25, 2010 12:58am
Still holding my longs from the 1.3500 area...and adding one more at 1.3460

Good luck people
COT: The precious data ignored
  • #202,354
  • Feb 25, 2010 12:59am Feb 25, 2010 12:59am
Using fibo and fib extension.
Attached Image (click to enlarge)
Click to Enlarge Name: fibo eu.JPG Size: 138 KB
  • #202,355
  • Feb 25, 2010 1:00am Feb 25, 2010 1:00am
Quoting SashaP
Went long for small retrace from 3460.Target 3488
long from 3454, TP reached at 3475.
second Tp 3500.
I won't short unless the 3450 is broken down.
"Everyone wants to go to Heaven, but no one wants to die."
  • #202,356
  • Feb 25, 2010 1:01am Feb 25, 2010 1:01am
Quoting jarnapal
Are you guys only watching your lines on the graph ? It's freakin' oversold.
oversold according to what? your indicator?
  • #202,357
  • Feb 25, 2010 1:05am Feb 25, 2010 1:05am
why are people going long?
assuming its the bottom... but its just gone down from 1.52 in a nice trend!

Im not assuming we have hit the bottom unless i see it an uptrend beginning.

besides.. gold looks doomed to me on charts .. heading lower
  • #202,358
  • Feb 25, 2010 1:06am Feb 25, 2010 1:06am
Quoting uraceulose
oversold according to what? your indicator?
not but from my point of view it is perfectly makes sense to long @ 3460 support and risk SL 10pips and TP @ 50pips pullback or more like 100 * but less likely

Risk/Reward factor, but well my SL @ BE already... it is a free trade. is either 0pips or 50 pips or 100pips. Free trade ftw
  • #202,359
  • Feb 25, 2010 1:07am Feb 25, 2010 1:07am
Quoting mmccormac
Lifting what up & where did you get this info?
I understand that BOJ sells on Tokyo open and buys on Tokyo close.

Its momentary should go back down depending on Londons mood.
  • #202,360
  • Feb 25, 2010 1:11am Feb 25, 2010 1:11am
Quoting billymoney
not but from my point of view it is perfectly makes sense to long @ 3460 support and risk SL 10pips and TP @ 50pips pullback or more like 100 * but less likely

Risk/Reward factor, but well my SL @ BE already... it is a free trade. is either 0pips or 50 pips or 100pips. Free trade ftw

whats BE pls ?
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