EURUSD

Really sorry to hear that ... shit happens sometimes ... hmm ... yes always check the calendar ... not only from day to day ... always check the calendar at week-ends ... and look out where the best volatile market movers might be with us ... just prior to a beginning of a trading week ...

But that can happen accidently ... but should not happen too often ...

Otherwise ... no ... it is not really a bad day ... just a case of missunderstood the situation ...

Look ... I was often in the market until now today ... and I started really slowly ...

Mostly I was long ... countertrade ... just the way like you were ...

80% was traded against the major wind energy ... sailing not with a spinnaker ... sailing hard against the wind ...

Was long 1.3720 ... the area where you had a stop ... I noticed that ... sorry for that mate ... jumped out soon again ... did not mary that trade ...

Was long 1.3695 ... same thing ...

Was long 1.3661 ... out and rein again ... long 1.3646 ... cashed at 57 (my 11 pip runner) ... long at 1.3654 now ... out again at 63 with 74% of origin entry ... only 16% of previous taken entries still running ...

That way this cannot damage my long list of taken trades anymore ... even not then ... if it goes against me for a while ... but I never get sleepy ...

Was not a day for taking a real position that way ... but I always say ... every trade that lasts longer than three hours until being yummy profitable ... is at least a rotten trade ...

But please believe me ... my smallest runner was 1 pip only ... and I have a lot of those ... largest runners were 22, 17, 18, and 11 ...

All green ... only three trades red ... 1, 2, 1 pip ... I do not hesitate long ... not waiting around ... never hoping too long ...

Total sum of pips is "locker" more than 100 pips green ... only by scalping ...

Look at that 5 min chart ... each move that you can see has 10 pips move energy aproximately ... no matter which direction ... if you are getting used to being fast at trading ... and your estimations are getting more precise ... with every day you practice that ... then you are not waiting for too much ... but at the end of the day ... you have a jolly good récolte ... harvest ... prima Ernte ...

And I never ... never use stop loss (!) ... never ... because I have learned how to 'repair' or adjust a miss-judged fail entry ... with various kinds of methods ...

But such things are not easy to learn in an internet forums or so-called 'webinars' ... moreover most of those tutors not much heard about that ... this is only possible in real life ... and in real trading rooms ...

It is like fishing ... or even a bit like sailing ... it is possible to sail against the wind as well ... with a nice 'flying dutchman' ...

look at this chart ...

http://cdn.forexfactory.com/images/attach/png.gif

2010-11-11_18h00_ChartStation_EURUSD 005min _ 001.PNG (125.2 KB)


Most of those 5 min bars are long enough ... you can learn to ride a part of the DNA-Spiral ... and the longer we do ... we are not forced anymore to wait for a nice trendy market ...

im gonna target 3618 from current info.. 3624 is a trigger # atm...we got support at 3610,, we got more triggers just below 3574... so we may get the domino affect. triggers are black box volume. not direction.... it may be buys or sells... my guess is sell out weigh buys.. pushing price lower. st ..........my 15 m chart targets 3624 atm... they sometimes lie.

If we breach 3600 I'll close my positions lick my wounds and reevaluate, but until then, I'm still EU bullish. this holiday tradeing day with 3 major players closed holds no weight to me. This I consider a retail trader day. We will see what happens during Asia when all of the big dogs begin to renter the market.

Hi nimzoindy, here is my daily chart - "painting of modern Art".

I hope you are right for eur bullish. I entered buy at 13714. It would be nice to see it up.

Bouncing at 1.3636. Spot on!

it might move lower, that was just a possible bounce. Low volume right now so if it does trigger some black bloxes below 3600 the move could be larger....if not we could see some covering here. Its good to keep an eye on gold and oil.

may i ask what exactly a black box is?

algos

done.

healthy retrace is not far, I'm halting all shorts from here on. Will buy when the opportunity arises.

Good luck to all.

Awesome mate

a blackbox is a automated trading system.

put in your sells, buys and stops.

stan

cic weeky rolled over days ago. wedges rarely lie. but most indis only see higher atm.. when indis role it had already begun. commodity index channel and wedges are usually earlier then most. the last time cic weekly rolled to bear was November 2009 it rolled bullish in June 2010..

lotta support at 3636....might be good for long scalp, but trade your own charts and what you see. ATM I cant see any reason to cover my short.


sorry dont wanna be a dick but please stop quoting killerwhales post or at least take the quote out....

Well from the chart there we can see that EUR/USD going to 1.35637
and it may go more than that technically.because it closed under 100Fab.

Understand
Even tho it dosent seem to have the strenght to break lower as far as I can tell. Gold aren`t close to breaking 1.4000, and the USDx are forming bearish right away. Likely to get back in the same range that we have been the last few hours..

The Eurozone has begun its collapse a little later than we thought. My compliments to the political prowess of the euro-leaders for holding things together for so long, but this is an impossible situation and the crisis is on its way,” he wrote in a note to on Thursday. FX Concepts is the world’s largest currency hedge fund and Taylor has been calling for an extension of the global economic crisis throughout the year.“The euro, which has been perceived as if it were a German mark, has already topped and will decline until it is priced like an Italian lira in the next few months,” Taylor wrote. Strategists at FX Concepts expect EUR/USD to form a double top in the coming weeks. “[The euro] should form a low on Thursday and then turn higher and begin at least a weak rally into the week of November 22 and possibly several weeks longer. It can climb back up to the 1.4100 area and we consider this a good place to sell. It should then resume its downtrend,” they said.

PS - I don't think it get near 1.4 anytime soon but he manages more capital than I do.

did u see a downward move probability to 1.33?

good time for a wtf..