EURUSD

That's it am done for the week +129 pips & +99 pips on new strategy this week !

wat a crazy week, yesterday i waited 6 hours for price on EUR.USD to drop, that's a record!

happy weekend all

dam risky crazy and fooked up if u dont know what the fook u are doing

If you are asking that question, probably best to sit out and watch and see if what you thought would happens develops....

My best lesson learnt here is patience......

Now we have a totaly cheep level to buy EUR...
BUY BUY BUY now...

well at friday I should say that newbies should just trade on demo because market could be very danger, and even with end of the year there should be moves which will be unpredictible.... (it is adventage of position trading)

wish you good luck

now for me price is now sitting on 61,8 fibo from todays upmove, and is even break through, this should bring us at least to the DP or even 3190, which is my 1 TP
EDIT: on 15M TF we closed below 100EMA, hope it will bring the price down...

Great article...you don'd seem to be guessing when/where like most on this thread

Good post - as were your others - but I can't help but think you are cherry picking here and skewing things after the fact. Kind of like the endless talking heads and geniuses on CNBC & Bloomberg, who always have an answer after the fact, but rarely in advance.

Yes IFO was slightly better, but the bulk of the EURUSD up move was done. But, you're omitting that Ireland got downgraded 5 notches, UK had another dose of negative news/press (yet didn't move until the last hour). The move up to 1.336 is frankly a mystery, other than seeing the live PA via charts and recognizing the support were holding and further upward momentum was in place. I do not believe smart money was buying it, but propose they were shorting & distributing into it, as that is how they operate.

Using fundamentals as a determinant of where price is headed is rarely consistently uniform - after a move is done, there is a rolodex of excuses that are trotted out on why something happened: there are almost always good and bad points, and after the fact the rationalization of a move is made to "fit", but determining which will carry the trade or pair is almost impossible to determine in real time: correlations break, good/bad news is ignored, etc.

Not sure if you follow Ashraf Laidi - I'm a fan of his and pretty much have his trading style, along with a healthy dose of VSA. Piecing together things the way Ashraf does is not easy. He has a foot in both the fundie camp & technical, with an accent on fundamentals to rationalize midterm/longterm moves. I don't go for 20 pips, but rather try to capture hundreds of pip trends, after rejections, mid-term/long-term trend adherence, building/adding lots - but all within the confines of S/R, fibs and other chart PA, mostly from H1 and higher TFs.

Fundamental trading isn't for most people, and coupled with it's inconsistency, nothing really replaces understanding and reading chart PA, live and higher timeframes.

for all they have interesst to look to my creen....

i see some slow down in momentum...for some bulls but no quite clear.

can you define cheap?
my answer read a about the euro zone and define cheap their body is infected by cancer and its spreading quickly from gov to banks to growth to....

LOL at last some retrace of usd bull, on eurusd/usdjpy/audusd/usdchf
with usdchf the earliest to retrace...

this is it.... this make from this forum nosence.... this crappy post...

1) you are on demo and you are 15years old

or

2) you have huge position on longs and you think that theese people on this thread will save you...

damm.... and thats it...

huh...I have written a long article about Friday trading about 2 months ago



Basically....friday trading is all about profit taking. Big players, hedge fund managers and other institutional traders tend to PREPARE for the next week by PROFIT TAKING.

London noon close is the key. Big players dont want to risk any UNEXPECTED events during the weekend so prior to London noon they tend to close their trades ( profit taking). Market makers then run stops of retailers SPIKING charts violently.

Why? Because there is no one to defend market. All of the technicals get screwed up.

Yea a little slow down....

Well yeah....even if u know sometimes it gets screwed up.

Possible trend channel:

hiya all, my first post here,
I trade eur quite often, i attach a couple taken bit ealrier today.. any one still short?
cheers
RS

you are right the 2.) is the right one

thanks!