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Central Banks & Big Players

  • #3,601
  • Jul 29, 2010 2:36am Jul 29, 2010 2:36am
Ldn, Stopped out +3
  • #3,602
  • Jul 29, 2010 2:38am Jul 29, 2010 2:38am
we have some news at 2:55AM (CST), it's medium but it may add some volatility.
  • #3,603
  • Jul 29, 2010 2:38am Jul 29, 2010 2:38am
i want to see what this will do

http://cdn.forexfactory.com/images/m...dar_upnext.gif 3:55am EUR German Unemployment Change
Invest in alarm clocks
  • #3,604
  • Jul 29, 2010 2:40am Jul 29, 2010 2:40am
Quoting Tony112
i want to see what this will do

http://cdn.forexfactory.com/images/m...dar_upnext.gif 3:55am EUR German Unemployment Change
I'm not expecting much.
  • #3,605
  • Jul 29, 2010 2:41am Jul 29, 2010 2:41am
Quoting Beta4x
I'm not expecting much.

except if they make that resistance break, we've seen this numerous times
Invest in alarm clocks
  • #3,606
  • Jul 29, 2010 2:45am Jul 29, 2010 2:45am
Quoting Tony112
except if they make that resistance break, we've seen this numerous times
Who knows. I've had a BAD week.
  • #3,607
  • Jul 29, 2010 2:46am Jul 29, 2010 2:46am
Good luck with NY - who knows maybe we will break hard and the NY open will be the cause of it giving many pips
  • #3,608
  • Jul 29, 2010 4:51am Jul 29, 2010 4:51am
as soon as eur/usd hits 1.3100 it will immediatly retrace down, you guys can get 2 pips back from it for next ny or london entry
Invest in alarm clocks
  • #3,609
  • Jul 29, 2010 7:01am Jul 29, 2010 7:01am
-2

us open
  • #3,610
  • Jul 29, 2010 7:02am Jul 29, 2010 7:02am
-2 pips
  • #3,611
  • Jul 29, 2010 7:02am Jul 29, 2010 7:02am
Donīt trade, 3 min without direction.....
  • #3,612
  • Jul 29, 2010 7:04am Jul 29, 2010 7:04am
-1 pip on NY long
  • #3,613
  • Jul 29, 2010 7:07am Jul 29, 2010 7:07am
0SL
because i was talking on the phone and missed...
meine augen sind die sterne
  • #3,614
  • Jul 29, 2010 7:12am Jul 29, 2010 7:12am
OSL again
  • #3,615
  • Jul 29, 2010 7:12am Jul 29, 2010 7:12am
hey guys, why dont you trade the minor support/resistance after break..this could avoid some unneccessary losses...
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  • #3,616
  • Jul 29, 2010 7:17am Jul 29, 2010 7:17am
NY open, -2 pips
  • #3,617
  • Jul 29, 2010 7:18am Jul 29, 2010 7:18am
Quoting aserbfx
0SL
because i was talking on the phone and missed...
That's good.

Hi people,

to calm you a bit down: the system works quite well on london and ny open.
Of course i also tried it on every minute for about 30 minutes .
If you trade more often than these two times, this will happen:
You have lot's of beginnings of minutes where you won't stop out (about every 4th minutes (25%) BUT the big problem is: the move afterwards maybe 10 pips or less.(and then return)
That's the problem.

I give you a hint: Forex is choppy or trending in very hard ways.
Just look at a 1 minute chart and watch the minutes (+entry, no stopping out) where you got more than 50 pips out of a trade...

Conclusion: Stick to the best probabilities: London and NY open...

Greets Jack
  • #3,618
  • Jul 29, 2010 7:21am Jul 29, 2010 7:21am
Loading........
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  • #3,619
  • Jul 29, 2010 8:26am Jul 29, 2010 8:26am
Someone have a screenshot history of previous US&UK open in 5 sec chart ?

Can be great to analyze price movement.. I already have all screen on this thread but some more can be helpfull

thx
  • #3,620
  • Jul 29, 2010 8:33am Jul 29, 2010 8:33am
Tony, you stopped to trade GBP/USD because of the spread only ? You made nice trade on it
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