EURUSD

I posted technical analysis from fudy view most of europe are being downgraded multiple points apart from germany.
Even ecb say they pessimistic .most of europe say we can manage but there all keen on putting more money into emergency fund.
All massively over exposed to each others debt.
Personally ultimate target 1.2700 but strongly possible 1.3000 quite soon
But until it can break the strong supports at below 3200 level 3180,3160.

the buyers at 13200 could be the sellers at 13400 for now in my view.
I believe the bulls are the bears at moment and we are the pigs lol

I also have this 60 for a further down or a stopping point.

Glad to have the same view. Will go away from my pc its friday as u said.

No one is around today was weird a little bit.... Nothing interesting to read

Ok ending the week here going for some fresh air.


Gl T. have a nice weekend.


By

this week is a slaughter house if you got on wrong side.

looks like good moment for short .
line broken 2 times, 3275 ( well, i think it should go up smth arround 30p or more, H4, shows the same
i wuz wrong

What do you think is better buy or sell ---???

I am a fundamental trader that works both with technicals and fundamentals. I am not posting to convince anyone what to do. I know 100% that my method works for me. I trade real funds and I find it useful to keep a trading journal while I trade in real time. The key for me is to know and understand the fundamentals that change moment by moment. The money flow in all the various markets determine what you see on the charts.

Then you add in the human emotion as traders win and lose which as we all know go back and forth between greed and fear.

Then we add in your mental maturity and a good risk management system. There is a reason there is only about a 10% success rate in this business. I am a professional currency trader and for me my success comes from my style of trading.

My style of trading requires many many hours of hard work and a clear open mind. The market is always right. Once you form an opinion you start to add a bias. You need to have a trade plan. You need to know where to enter and why. You need to know where to take a profit and most of all where to cut your loss.

I have decided to post today in live time as I trade.

We can all see how EUR/USD went from 1.3200 to 1.3300 to the high of 1.3360 at near 5:00 AM just as the IFO came out very strong.

Yet the market reversed on good news. If you cannot understand why then you are trading in a blind way.

There are many factors why this happens. How many of you know the markets are very thin now. How many of you know the House passed the tax cut extension near midnight. How will North America factor that in ? Will the US Bond Yields on the 2 Year and 10 Year go UP or DOWN ?

Will the Dow go up or down ? What will happen to Gold and Oll ?

Right now I will set the benchmarks I follow and then go for breakfast. I will not miss anything since the market as a group has not decided what to do as yet. Therefore I cannot know if EUR/USD will go up or down. The fundamentals will decide that. All the charts will either be shown correct or incorrect however the Price Action and the Fundamentals will decide the direction. The charts follow and the money flow leads and most technical traders cannot become winners in forex. My experience has shown me that.

Now for the benchmarks at 7:02 AM

EUR/USD 1.3272
EUR/JPY 111.58
USD/JPY 84.06
2 Year US Bonds .63%
10 Year US Bonds 3.42%
Gold - $1,371 US
Oil - $88.13 US

Dow Futures - Minus 3

I am off for breakfast now and will return after the market digests the news from now until 8:00 AM

Then I will review the goalposts and decide on a Trade Plan or if I do not see any then I will just pack it up near Noon and await the Europe open on Monday. Sunday night is a difficult time to trade. Today is a difficult day and liquidity is low in December.

I will be glad to answer any questions or reply to any comments in a positive spirit. There are only people on this forum trying to make money and those with agenda or big ego's usually will be the traders that lose in forex. We all need to trade based on who we are.

Have a good trading moment.

im a euro bear but its not about the sentiment that i was refering to but about the timing it off

like theese setups... from 3268 to 3358 it takes 8 hours, down at the same price 2 hours...

still have pending orders(short) at 3260 with TP3190

buy ,sell, do as you think is the best to do.. never ask some1 what to do,becouse if the result will be bad, you will be mad on some1 who told you to do that, well, if its you,your choice were good or bad,it will be your expierence

since 1.332 was a trigger level for me a 4h cloase below it meant i closed the rest (half) of my longs opened at 1.322 in the asian session. entered short with a smaller lot, closed at 1.33 and 1.3277.

and out for the week end
will not trade next week since it s holliday season and i dont like low volumes. i got myself burned last year with fake signals in that period. expect sudden moves but no real changes until 2011

Yeah looks like someone performed a very clean swipe of the shorts and thus doubled on their profit Kudos to them should have seen this coming.

Support is very far away buddy

here is a weekly

heavy sell off there. wonder what ny will do and the daily outcome

urgently advice !!Bullish set a side !!!

EUR IS NOT RESPECTING ANY SUPPORT POINT !!!

COLLAPS ARC HAS JUST SWITCHED !!!

looks to me a retracement on the H4 is may be ny reversal?..
looking for another set up during ny

My father always said, preach water and drink the wine, and the other never say the truth

Yes exactly. No kudos for them. Its friday....what did I say about friday trading?

i agree with ur father

i missed something, can you say one more time about friday trading plz?