EURUSD

Volume is pretty stable in the daily average of the year. Except with those huge peaks in the may panic month is actually trading a little bit above the 1st trimester and around the same levels than march / april. Thats base on futures contracts (the only real source for volume as forex volume is not exact and unquantifiable)

sisse

I am out now..

cause I think also it is important to wait for

ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI reports.

This will clarify the Bull & Bear trends today on USD.

Patrick

Hi Jhig,

i respect your opinion but i do have a totally opposite view on that. i think it's broken and has in fact acted as resistance already.

i am short biased so...

hapipipin

Europe stocks can turn negative on bad ADP numbers...that has already happened in June..DOW will also go negative...when commodities and futures go negative EU also lose...corrections are inevitable in order to support market bias

Hey guys, any site for Stock futures live feed?

good view

I usually watch yahoo finance and refresh it often

Ok I am dumb, but the main page are showing only Live stock feeds, not the futures.

What I am asking is future index

The question is who is the bigger looser. I see your point. Let see what happens

sisse

(Forex.com) EURUSD tested our support level mentioned earlier around 1.3280/90 and bounced higher. A retest of the highs are likely if we can get above 1.3225.


Up?

we are in bullish reversal mode..weekly points to 34xx+

http://www.bloomberg.com/

go to futures tab and refresh it

ok yeah thanks buddy!

There's a number of brokers out there that include such prices via metatrader..

NP

and now?
is the price trying consolidate above of pivot point or what?

This too me looks like a retrace, its been winding down since last night.

i started by the cow and the sheep but couldn't do it.

(talking seriously now) it seems to me we have a butterfly formation on the 5m/15m.

if so that would be a bearish pattern.

i googled it but it seems one needs a degree in advanced math to draw those. anyone there with such a degree and the hability to draw animals could give us his input?

thanks

One of my favourite patterns for trading has set up. The W formation. The question I am asking myself now is, should I get out of total long position when it hit my TP.
Answer is yes.
By the time i finish writing this my TP may already have been met.

I am going to share some tips I came across (as they are unusual from the normal 10 rules you see) that I find helpful and just to help out the newbies, and experienced traders still losing

1. Do not trade forex if you have to make money. Emotions have a strong impact on forex trading and if someone has to make money, he will have more emotions than someone who likes to make more money
2. Do not compete with the other traders. Any trader has a different trading style and strategy and so traders pip and money results are different from each other.
3. Trade the signals not the trades! After having a few successful trades and growing your capital, you may think that you can take a little more risk and also take the signals that don’t look good and strong enough. Then you will lose all you had made in your good trades.
4. Break your rules and you get burned. If you have become a disciplined trader after so many months or years of practicing and learning, you should keep in your mind that if you break any of your trading rules, you will be in trouble and you will lose again.
5. In forex trading, over-confidence is more dangerous than having no confidence. Someone who has no confidence, doesn’t do anything. There is an advantage in it. He doesn’t lose any money. But someone who becomes over-confident after a few successful trades, will blow up his account in one trade. A few good trades don’t mean that you are a professional and advanced trader.

6. There is nothing more important than experience in forex trading. Sometimes you see a trade setup, but your experience tells you not to enter. This experience can be gained through practicing. There is no magic formula in forex trading that can be given to you and make you a profitable trader overnight. It takes time and needs practice.
7. Do not take any position just because someone else has the same position. Novice traders are used to exaggerate about their success and hide their failure. Whenever they make a good trade, they talk about it with a lot of excitement, but they are not used to talk about their losing trades. This may make you think that some people are the best traders of the world and so when they say they are long or short, you take the same position just because they have the same position. This will not make any money for you, nor makes you a trader.
8. Do not try so many systems. I takes your whole life and you are still trying. After a while of trying, a rational beginner will come to this conclusion that the secret is not in trading system. The secret is in discipline and controlling of the emotions.
9. Keep it simple. A Forex trading system does not have to be complicated to work. In contrast, simple systems have better results.
10. Take a break every now and then. You do not have to work hard to make money through Forex. In contrast, spending too much time in front of the computer and trying to take all the movements will make your mind and body too tired and then the chain reaction of bad positions will be triggered. YOU have to take care of yourself and your capital. Forex market does not do it for you.

doubt it.... it will retrace but generaly in next six months its going to be all about reaching 1.5 .....then down again