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  • #347,801
  • Dec 16, 2010 11:41pm Dec 16, 2010 11:41pm
Quoting JuliusCeasar
Sounds like you need some demo time and a money management plan.

Before you enter your trade you should know how much you intend to risk and possible target areas.

A set up example would be

short @1.3300

stop @1.3350 (position should be such that the potential loss would be not painful eg 1-2% of account)

target half 1.32 and move stop to be+10 on the rest and go to the pub.
  • #347,802
  • Dec 16, 2010 11:45pm Dec 16, 2010 11:45pm
Quoting Chicky
1. If you are not sure what you are doing, get out.
2. If you are sure what you are doing, still get out if your loss exceeds 5% of your account balance.
3. If you have already incurred loss exceeding 5% of your account balance - have 2 choices: 1) if money at risk is too big for you to absorb the loss - get out, 2) if money is not so much, stick to your position and do not get out unless see big profit.
4. Once out of this situation, always trade small.
looks like that hs is looking for 3269.. if it breaks south .. hopefully momentum will follow.5m
those who can, do. those who cant, talk about those who can
  • #347,803
  • Dec 16, 2010 11:45pm Dec 16, 2010 11:45pm
currently price is higher than:-
weekly pivot = 1.3271
H1 200EMA = 1.3283

so, i'm bullish until 1.3360.currently price @ 1.3292
Attached Image (click to enlarge)
Click to Enlarge Name: dec 17 2010.JPG Size: 110 KB
  • #347,804
  • Dec 16, 2010 11:47pm Dec 16, 2010 11:47pm
lets see who win next bull or bear H1 tf , me short if further up or below 3250.
fontu
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Click to Enlarge Name: eu1.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #347,805
  • Dec 16, 2010 11:47pm Dec 16, 2010 11:47pm
Quoting aiyoyo
They are downgrading the whole world LOL
dem them...
So true...and much of the world wants their currency downgraded.
  • #347,806
  • Dec 16, 2010 11:48pm Dec 16, 2010 11:48pm
Santa, please bring Cloggie back!
  • #347,807
  • Dec 16, 2010 11:49pm Dec 16, 2010 11:49pm
Quoting JuliusCeasar
Sounds like you need some demo time and a money management plan.

Before you enter your trade you should know how much you intend to risk and possible target areas.

A set up example would be

short @1.3300

stop @1.3350 (position should be such that the potential loss would be not painful eg 1-2% of account)

target half 1.32 and move stop to be+10 on the rest and go to the pub.

Dont get too impatient spend some quality time in trading
demo as real account and have some experience : learn how fundamentals and technicals works then try to trade with real account with small lots : or else yu will loose out before you know its all over
finding A M S
  • #347,808
  • Dec 16, 2010 11:52pm Dec 16, 2010 11:52pm
looks like this pair is trading sideways for alltime now around more than a week

SO just short term targets are on the cards : nope
finding A M S
  • #347,809
  • Dec 16, 2010 11:55pm Dec 16, 2010 11:55pm
Quoting gatorinla
looks like that hs is looking for 3269.. if it breaks south .. hopefully momentum will follow.5m
Have the same figure, ..............but no time to nurse the trades....Have to prepare sales tax return by tomorrow and disburse salaries to people who work pretty hard for the business.

ps. Later.
The Thief of Wall Street
  • #347,810
  • Dec 16, 2010 11:55pm Dec 16, 2010 11:55pm
Quoting prashant7
Dont get too impatient spend some quality time in trading
demo as real account and have some experience : learn how fundamentals and technicals works then try to trade with real account with small lots : or else yu will loose out before you know its all over
Hi Prashant. Thank 4 the help. by the way i am also Prashant from New Delhi. i am a beginner in forex, i have a demo a/c with alpari n i treat it like my hard earned money. i am trying to learn technicals on my own as there is no proper training institiute in delhi.
  • #347,811
  • Dec 16, 2010 11:56pm Dec 16, 2010 11:56pm
How do everyone look at the pa?

Look to me support @ 3290 holding up well.

Hope to read some opposite opinion.
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #347,812
  • Dec 16, 2010 11:58pm Dec 16, 2010 11:58pm
Quoting nyunyi23
what kind of fib at 3363?

thx

I'm guessing 61.8% of 1.35-1.3180 is there abouts

50% around 1.3333

many levels to cross before bulls can declare this there show although not looking good for bears on lower charts



.
Mind over matter..I don't mind and you don't matter.
  • #347,813
  • Dec 16, 2010 11:58pm Dec 16, 2010 11:58pm
Quoting nyunyi23
what kind of fib at 3363?

thx
3498 3180 draw a fib and you would see where the imbalances are 50 and 61 fib levels.

there might be some stops there, and all those have to be triggered.

mostly concerned with the 50% 1.3337. al
  • #347,814
  • Dec 16, 2010 11:58pm Dec 16, 2010 11:58pm
Quoting aiyoyo
How do everyone look at the pa?

Look to me support @ 3290 holding up well.

Hope to read some opposite opinion.
to me H4 resistance @ 3300 hold well further upward movement
Verily, in every difficulties there is relief
  • #347,815
  • Dec 16, 2010 11:59pm Dec 16, 2010 11:59pm
Quoting aiyoyo
How do everyone look at the pa?

Look to me support @ 3290 holding up well.

Hope to read some opposite opinion.

its just a TL support at 290 but it can be broken in a while after some
upside movement
finding A M S
  • #347,816
  • Dec 17, 2010 12:02am Dec 17, 2010 12:02am
Quoting mercy seat
2010-12-16 _ 23h15 CET _ EUR-USD : RE-OPEN (Friday)


EUR-USD : 1.32418 (open rate)


0.0084 Écart
1.3498 Elliott Reversal Point
1.3165 Elliott Projection (correction zigzag 1.3232 - 1.3194 or Elliott flat correction down 1.3165)

pivots + spezi

1.3364 1.3305
1.3315 1.3274
1.3266 1.3242
1.3279 1.3228

1.3230 1.3224 <= central pp zone

1.3195 1.3219
1.3182 1.3205
1.3146 1.3173
1.3110...


http://cdn.forexfactory.com/images/attach/pdf.gif 2010-12-17_08h21_European Forex Technicals - USD Seen Weakening +.pdf (8.3 KB)



European Forex Technicals: USD Seen Weakening
17 Dec 2010, 08:21

By TRADING Central
The Dow Jones Newswires Technical Analysis Partner



Intraday EUR/USD: the pair has broken above its bearish channel upper boundary and should post a further up move as the RSI is well directed. Suggest long positions above 1.3225 with 1.3325 and 1.3365 in sight. The downside penetration of 1.3225 will call for 1.318 and 1.31.

Weekly chart EUR/USD trend: Bearish


;-)
Attached Image (click to enlarge)
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File Type: pdf 2010-12-17_08h21_European Forex Technicals - USD Seen Weakening +.pdf   8 KB | 328 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #347,817
  • Dec 17, 2010 12:03am Dec 17, 2010 12:03am
Quoting JuliusCeasar
I'm guessing 61.8% of 1.35-1.3180 is there abouts

50% around 1.3333

many levels to cross before bulls can declare this there show although not looking good for bears on lower charts



.
  • #347,818
  • Dec 17, 2010 12:04am Dec 17, 2010 12:04am
Quoting Chicky
Have the same figure, ..............but no time to nurse the trades....Have to prepare sales tax return by tomorrow and disburse salaries to people who work pretty hard for the business.

ps. Later.
3317 was the target so it may provide resistance now or after pullback.
those who can, do. those who cant, talk about those who can
  • #347,819
  • Dec 17, 2010 12:06am Dec 17, 2010 12:06am
Quoting Redeemed1
So true...and much of the world wants their currency downgraded.
the ratings agencies rate creditworthiness - the downgrades are on debt ratings, not on the currencies. means it is more expensive to borrow money, typically - not desirable for anybody
"If The Fool persists in his Folly he will become wise." - William Blake
  • #347,820
  • Dec 17, 2010 12:09am Dec 17, 2010 12:09am
seems like a lot of ppl agree that 1.3360 is a very good place to take profit
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