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  • #280,061
  • Aug 10, 2010 5:41pm Aug 10, 2010 5:41pm
2010-08-11 _ EUR/USD in neutralized bias ... major trend bullish

No reason to argue for that here ... the two major moves has been done ... first move down ... then up again ...

A part of the mild divergences in various TF ... that has been to be observed before ... might be neutralized with that downmove ...

Asian Session might re-test 1.3220 or 1.3246/ 50 area ... while 1.3162 - 1.3146 or 1.3135 may hold at first ...


Elliott points to the downside one more time again ... counts from 1.3334 towards 1.3119 ...

Bullish stance will add some momentum if crossed above 1.3265 and 1.3305 ...

Otherwise - a sudden break of below 1.3114 - 1.3103 (unlikely at first) would give us nice reload op. above NOS major support zone near 1.3059 and 1.3027 ...

Market rythm ... first move up soon ... then down again ...

Why ? ... as long as below 1.3313 - 1.3321 and 1.3399 zone ... there should be still some potential for a corrective downside move towards 1.3119 or even below that limit ...

Cable is one more time again a much more beautiful candidate from technical point of view ....




bibib
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #280,062
  • Aug 10, 2010 5:59pm Aug 10, 2010 5:59pm
I had the guts to keep all my longs and I have closed some shorts meanwhile, but as I have said a couple of posts earlier if 3184 holds we go bullish again.

As for me, my opinion is that this was a false breakout and that means 3428 level is still valid. I could be wrong at this surely time will tell...

Maybe we will see some bearish correction but 1 thing is FOR SURE: We are still in an uptrend...
  • #280,063
  • Aug 10, 2010 6:13pm Aug 10, 2010 6:13pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/pdf.gif


2010-08-10_European Forex Technicals (08h33 CET) 002.pdf (12.8 KB)


Same story - no time for here - but I am shure I did not miss anything ...
video's are very useful thx for that
  • #280,064
  • Aug 10, 2010 6:23pm Aug 10, 2010 6:23pm
4 hour bullish channel broken in the asian session drove the Eur/usd down to 1.31. after that and FED he visited 1.32 and now is flirting with that level. We can see higher values in Eur/usd in the next sessions, but i think we are going down still this week. DJI unable to break 10700 level for 3 times already, i think it will drag the world indexes down improving the dollar value. ALso, Euro value is going to be shaken with next data from eurozone.
  • #280,065
  • Aug 10, 2010 6:38pm Aug 10, 2010 6:38pm
Quoting wannaberich
whenever u put on a trade you will see bid and ask prices. the difference is the spread. taking into consideration what you ask u have a variable spread broker. if u prefer u could have a fixed spread broker.

anyway spread fluctuate along the day. depends on the market itself. usually just before news come out (there is no exact timing for that) big players step back from the market to look at the number and make their decisions. this means there will be much less offer and much less demand for some seconds, minutes. therefor your ask and bid...
I use IG Index in the UK.. which is IG Markets elsewhere.

They do have a fixed spread but this is the 2nd time that it happened. Normally, EUR-USD is 2pip spread and on news time it comes about over 6, even though it shows price near the ticket for the spread and, and it always shows 2 pip per spread, but once you get in you get screwed by paying 4 or 5 times more. Unless, that thing flashes so fast that for a fraction of a second the spread price went up and down and I was unlucky to press it at its highest.

I prefer to believe that broker screws you instead.

A
  • #280,066
  • Aug 10, 2010 6:44pm Aug 10, 2010 6:44pm
Quoting Patience
You should have demoed the platform before going live.
Thanks Patience.

I used demo account for 5 months and I found that you end up not caring much because it's not real money. I believe you have to have that buzz of doing the live account to develop feelings that I think are important.

By all means, I don't trade high amounts and I trade with cents only - size 0.2 - which would be 20 cents/pence per pip.

A
  • #280,067
  • Aug 10, 2010 6:58pm Aug 10, 2010 6:58pm
Whats going on in the market?
  • #280,068
  • Aug 10, 2010 7:11pm Aug 10, 2010 7:11pm
Well why not aim to be profitable for say 3 months in a demo account, see how much you can build your account with your trading plan + strategy + your discipline + knowledge + try out some methods see if they really work for your personality. Whatever you do dont let excitement get in the way of your trading otherwise you are gonna get stung big time. Dont gamble, cos eventually the house (market) always wins. Trading is a business, learn your craft, do it well , dont be one of the 95% who feed the successful 5%. You have to work hard. Good trading to all. Steve.
Enter Signature
  • #280,069
  • Aug 10, 2010 7:12pm Aug 10, 2010 7:12pm
Quoting Arona
I jumped in the last rally just to realise the spread that I paid.. insane.

Watching the whole thing climbing up and it took a while to be in profit.

I'm in that learning process curve and many say do not trade with the news.. again, I am testing waters.

What is the cut off time to get in a trade to avoid those crazy spreads they charge you? 5 minutes, 10 minutes before any major news release..?

Thanks.

A
You can't see the spreads in your platform?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #280,070
  • Aug 10, 2010 7:18pm Aug 10, 2010 7:18pm
Quoting Patience
Where are those chartists that say it's all in the chart? You know, the ones that don't take the fundamental picture into account. If any of you are around, please speak, I'd like to know what the FOMC reaction is going to be ahead of time
hey miss p.... most of those guys are hanging out on the 'i am demotivated ' thread..... or either arguring over why reversing trades won't work...... .....

//---
//---

always kinda figured the overall fundamentals should be reflected in the price...... my trouble seems to be deciding just what should/will have a positive effect on the price and what should/will have a negative one......

sometimes rising rates, which seem a positive, can actually be a negative.... same for unemployment , gdp and many other such metrics....

hard to figure.....

//---
//---

are you still watching the audjpy....

//---

sorry, can't help you with the I'd like to know what the FOMC reaction is going to be ..... what is the FOMC btw......

//----

oh and hey, you need to start a "i am motivated" thread....... just to spice things up......h
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd.gif Size: 22 KB
to trade and code, keep both simple... no call to impress....h
  • #280,071
  • Aug 10, 2010 7:20pm Aug 10, 2010 7:20pm
Quoting Scorpii
Whats going on in the market?
Quote:
Originally Posted by hytham http://cdn.forexfactory.com/images/buttons/viewpost.gif
Under the current condition of uptrending pair, the question that may raise is at where to position longs TP?

Will the pair break 3250? (previous daily highs downtrend line)

Not today at least. Bulls are going to sleep and some bears waking up.

I would look for ~1.3150 to see how it behaves, likely to get there.

Getting some sleep. Not much use to long now, too low volume and some bears still around.
They think they are smarter than I am.
  • #280,072
  • Aug 10, 2010 7:24pm Aug 10, 2010 7:24pm
Quoting T@rantula
I had the guts to keep all my longs and I have closed some shorts meanwhile, but as I have said a couple of posts earlier if 3184 holds we go bullish again.

As for me, my opinion is that this was a false breakout and that means 3428 level is still valid. I could be wrong at this surely time will tell...

Maybe we will see some bearish correction but 1 thing is FOR SURE: We are still in an uptrend...

Is the support line for the uptrend at 1.2700? We broke the 4HR uptrend but are still in a daily uptrend. But, we are ~450 pips away from the support line. Am I correct in my thinking?

chart is from a few hours ago.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 15 KB
  • #280,073
  • Aug 10, 2010 7:28pm Aug 10, 2010 7:28pm
G'day folks.

I survived the FOMC and didn't even get a lousy T-shirt.
Not all sins are created equal
  • #280,074
  • Aug 10, 2010 7:30pm Aug 10, 2010 7:30pm
Quoting realjumper
You can't see the spreads in your platform?

Yes, I can... but when you click on it doesn't reflect what price displayed by the broker. I'm talking on around major news release.
  • #280,075
  • Aug 10, 2010 7:33pm Aug 10, 2010 7:33pm
Quoting Jay Walker
G'day folks.

I survived the FOMC and didn't even get a lousy T-shirt.
g'day Jay...he check this out...off topic post but still pretty crazy.

Read the caption on the first photo BEFORE looking at the second photo.
Attached Image


Look at the picture above and you can see where this driver
broke through the guardrail, on the right side of the culvert,
where the people are standing on the road, pointing.

The pick-up was traveling about 75 mph from right to left
when it crashed through the guardrail.

It flipped end-over-end bounced off and across the culvert outlet,
and landed right side up on the left side of the culvert,
facing the opposite direction from which the driver was traveling.

The 22-year-old driver and his 18-year-old passenger
were unhurt except for minor cuts and bruises.

Just outside Flagstaff, AZ, on U.S. Hwy 100.


Now look at the second picture below...
Attached Image (click to enlarge)
Click to Enlarge Name: image002.jpg Size: 97 KB



If this guy didn't believe in God before, do you suppose he believes now?
  • #280,076
  • Aug 10, 2010 7:35pm Aug 10, 2010 7:35pm
Quoting Arona
Yes, I can... but when you click on it doesn't reflect what price displayed by the broker. I'm talking on around major news release.
Yeah I know.....it's a judgement call that you must make for yourself but I stay out of the major news releases not so much for the spreads, but for the slippage and any possible whipsawing that often goes on. In my opinion, it's too dangerous to trade for at least 10 or 15 minutes after these big news events.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #280,077
  • Aug 10, 2010 7:35pm Aug 10, 2010 7:35pm
Quoting uraceulose
g'day Jay...he check this out...off topic post but still pretty crazy.

Read the caption on the first photo BEFORE looking at the second photo.
Attachment

Look at the picture above and you can see where this driver
broke through the guardrail, on the right side of the culvert,
where the people are standing on the road, pointing.

The pick-up was traveling about 75 mph from right to left
when it crashed through the guardrail.

It flipped end-over-end bounced off and across the culvert outlet,
and landed right side up on the left...
Well, I hope that isn't a euphemism for my trade

But yeah, if he doesn't, he certainly believes in clean underwear and drycleaners.
Not all sins are created equal
  • #280,078
  • Aug 10, 2010 7:36pm Aug 10, 2010 7:36pm
Quoting uraceulose
g'day Jay...he check this out...off topic post but still pretty crazy.

Read the caption on the first photo BEFORE looking at the second photo.
Attachment

Look at the picture above and you can see where this driver
broke through the guardrail, on the right side of the culvert,
where the people are standing on the road, pointing.

The pick-up was traveling about 75 mph from right to left
when it crashed through the guardrail.

It flipped end-over-end bounced off and across the culvert outlet,
and landed right side up on the left...
Holy !@#%
  • #280,079
  • Aug 10, 2010 7:36pm Aug 10, 2010 7:36pm
Quoting uraceulose
If this guy didn't believe in God before, do you suppose he believes now?
Well he should at least buy a lottery ticket!!!....lucky, luck man!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #280,080
  • Aug 10, 2010 7:37pm Aug 10, 2010 7:37pm
Quoting uraceulose
g'day Jay...he check this out...off topic post but still pretty crazy.

Read the caption on the first photo BEFORE looking at the second photo.
Attachment

Look at the picture above and you can see where this driver
broke through the guardrail, on the right side of the culvert,
where the people are standing on the road, pointing.

The pick-up was traveling about 75 mph from right to left
when it crashed through the guardrail.

It flipped end-over-end bounced off and across the culvert outlet,
and landed right side up on the left...
where is Hwy 100, just outside flagstaff, az?
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