EURUSD

Does anyone's chart look like this

I love the simplicity of your trading philosophy Made me smile on this hard day of 300 pips

Usd/jpy and eur/jpy look quite overbought

i need to move to asia or europe. it's so hard for me to wake up at 3am est. i always miss the party. congrats on those pips

Its a bit off topic...

Does anyone know where i can find information or even a book on trading specificly GBP or EUR?

Thanks in advance

Bob
www.tradesdirect.com

I think we just saw a FLASH BACK from the future! I guess EUR is still good to go

Can anyone tell me what happened to cause that spike?

tony same old stuff yes, no, no, yes on Greece etc


well taht and MM also imho

" The problem remains that if IMF aid is given, the Euro may not look good as investors may conclude that the Euro Zone
cannot solve their own problems.
In the US today, sentiments are positive. The unemployment claims came out better than expected. As investors are very concerned with regards to the US Unemployment Crisis, any positive developments will be most welcome."

The Koala

Probably had to do with the confirmation about greece financial back up plan announcement...? Won't hold up but good enough 4 the spike.

ozobo and uraceulose for the info. Have to find a proper rentry point now.

You can have a profitable system with just 40% hit rate. RRR is more important than the hit rate.

What is RRR coke.

OK I think the odds that the white dot in my chart is going to get hit is about 70%.

How to get in though? And with all this news and spikes.
There are two ways:

1. Take a position now and give the sl 150 pips, wait till it is green to add positions.
OR
2. Wait for the next big upswing and get it.

The problem with one is something might change and take a 150 pip loss, the problem with 2 is you may not get the spike up now and miss half of it.

What I know WILL NOT work is going in here with a tight sl, the news will certainly knock you out of small loss after small loss quickly becoming a big loss.

I suppose if this were poker I would have to say waiting for a surge up is the best way, you may miss some but you aren't risking a big stack on slightly better than even odds.

Thoughts anyone, I want to play this next leg just not sure how to get in.

hang on

And Skyzer will be proved right. Take the last few stops and run.

GL to all

going long for a while ,... :nerd:

Tony when you find it please share

THnaks

Bill

wait

G/U testing bottom

I think the bull ride is done and EU will be going down from here.