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EURUSD

  • #264,641
  • Jun 29, 2010 7:05am Jun 29, 2010 7:05am
Inserted Video
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #264,642
  • Jun 29, 2010 7:06am Jun 29, 2010 7:06am
How low do yuo mean?

Quoting DMA Trader
I am expecting new low this week on EUR/USD

Am I greedy ?
  • #264,643
  • Jun 29, 2010 7:07am Jun 29, 2010 7:07am
with negative news using the euro should go up?
  • #264,644
  • Jun 29, 2010 7:08am Jun 29, 2010 7:08am
Quoting DMA Trader
http://www.youtube.com/watch?v=J2HBdRCroks
Where is Sky? I really need to thank him. He was advising me the other day to keep buying dollars. Really good advice......
  • #264,645
  • Jun 29, 2010 7:08am Jun 29, 2010 7:08am
Quoting mbforex74
with negative news using the euro should go up?
theoretically the opposite....
  • #264,646
  • Jun 29, 2010 7:09am Jun 29, 2010 7:09am
Quoting Alado
How low do yuo mean?
1.15 this year. but i really try to avoid targets like that.
My target is to run this bear until bulls. win.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #264,647
  • Jun 29, 2010 7:10am Jun 29, 2010 7:10am
Quoting MuddBuddha
The Stochastic is probably confusing you. Try using the MACD and wait for the MA cross to be confirmed by the MACD MA crossing the zero line.

You need to watch for range channels so you don't entry order yourself too close to a channel line.

Thanks, shall try this and revert back.
  • #264,648
  • Jun 29, 2010 7:11am Jun 29, 2010 7:11am
Quoting MuddBuddha
That's the truth.

I always place LONG entry orders after the close of a down candle and SHORT entry orders after the close of a up candle.

Entering LONG on an up candle (and vice versa) can get you into a trade just as the momentum is starting to peeter out.

Enter on an opposing candle and you'll be there and ready when momentum fires back up.
on what tf your canddle ?
Andreyou
  • #264,649
  • Jun 29, 2010 7:11am Jun 29, 2010 7:11am
am i missing a support line here?
  • #264,650
  • Jun 29, 2010 7:12am Jun 29, 2010 7:12am
If big support 2151 can stop this bear craziness ? or next support 2120 & 2140 ( monthly level 50% fib ) ,61.8% fib level 2107 ?
but still not in favour of total crush , a last failure confirmation attempt bull still due & only long placing .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #264,651
  • Jun 29, 2010 7:12am Jun 29, 2010 7:12am
Quoting PriceVolume
Alarms woke you, eh?
yep,, i had closed gu... but had another entry at pp.. that alarm got me..
those who can, do. those who cant, talk about those who can
  • #264,652
  • Jun 29, 2010 7:12am Jun 29, 2010 7:12am
Quoting PriceVolume
Where is Sky? I really need to thank him. He was advising me the other day to keep buying dollars. Really good advice......
He is here somewhere.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #264,653
  • Jun 29, 2010 7:13am Jun 29, 2010 7:13am
Quoting rajesh68
Thanks, shall try this and revert back.
Entry orders are safer than market orders. Don't impulse trade. Entry's are a strategy. Place them at the proper level and let the market come to you.
Capital Preservation is key to long term wealth accumulation
  • #264,654
  • Jun 29, 2010 7:14am Jun 29, 2010 7:14am
Quoting clambill
Right now I'm trying to test a method with trendlines, support and resistance levels, fibonnaci ratio retracement levels and bollinger bands. The only thing is, the only thing I can do lately is screw up all my setups. This is really a nighmare because I've been testing for over 18 months and I KNOW where I make my mistakes now. And I can even see how I could have traded in a different way to make a profitable trade. But, unbelievably, I still have losses, at least currently. I think it will take me a couple of months to get fully adapted to working...

The problem is, while back testing my strategy, it gives good result. However, the moment i take the real trade, most of the time it goes reverse.
  • #264,655
  • Edited 7:15am Jun 29, 2010 7:14am | Edited 7:15am
Quoting fontu
If big support 2151 can stop this bear craziness ? or next support 2120 & 61.8% fib level 2107 ?
but still not in favour of total crush , a last failure confirmation attempt bull still due & only long placing .
fontu
that was exactly my view.
nice

Edit - instead of 1.26, I thought we can reach for 1.28 area.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #264,656
  • Jun 29, 2010 7:15am Jun 29, 2010 7:15am
Quoting andreypu
on what tf your canddle ?
He said he traded on the 15MIN chart, so I was referring to shorter TF entries.

Sorry if it was confusing.
Capital Preservation is key to long term wealth accumulation
  • #264,657
  • Jun 29, 2010 7:16am Jun 29, 2010 7:16am
Quoting DMA Trader
that was exactly my view.
nice
that's weird i re-drew the fib but always get the 50 line at .2171...!
  • #264,658
  • Jun 29, 2010 7:16am Jun 29, 2010 7:16am
new low for EUR/JPY and EUR/CHF

this thing is going to collapse.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #264,659
  • Jun 29, 2010 7:19am Jun 29, 2010 7:19am
update
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those who can, do. those who cant, talk about those who can
  • #264,660
  • Jun 29, 2010 7:19am Jun 29, 2010 7:19am
Quoting MuddBuddha
That's the truth.

I always place LONG entry orders after the close of a down candle and SHORT entry orders after the close of a up candle.

Entering LONG on an up candle (and vice versa) can get you into a trade just as the momentum is starting to peeter out.

Enter on an opposing candle and you'll be there and ready when momentum fires back up.
Buddha, thats exactly how I trade bars/candlesticks. If the previous bar was short, I place my short entry at the LOW and my protective stop at the HIGH of the previous bar. Vice-versa for longs.

Great minds think alike.
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