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EURUSD

  • #356,001
  • Jan 2, 2011 11:57am Jan 2, 2011 11:57am
hourly data input
32 pips box size by 3 reversal
just over 3 months of data

http://i55.tinypic.com/2itludh.gif
  • #356,002
  • Jan 2, 2011 11:59am Jan 2, 2011 11:59am
Quoting mercy seat
No ... not an indi ... but we are in an impulse wave up (on a daily basis) ...
Is that wave gonna be something like this ?
Attached Image (click to enlarge)
Click to Enlarge Name: 57 h4 butterfly will finish gartley dec 31 2010.gif Size: 33 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #356,003
  • Jan 2, 2011 12:02pm Jan 2, 2011 12:02pm
HAPPY NEW YEAR FOREX FACTORY MEMBERS & GUESTS

My new years message is for the traders who are trying and slowly have become demoralised by the Forex aka RED PIP TRADERS

DONT GIVE UP!!!

Taking a loss is the single hardest and most important lesson that a trader must learn. No one is a 100% winner at trading. The worlds best traders are right only 50-60% of the time.

It has been said, Trading is 80% Emotional, 10% Skill and 10% Mental.

Temptation is a powerful emotion that can lead to devastating results.

For 2011, as you trade you will be tempted to do all kinds of things. You will be tempted to get in a trade early, without reason. You will be tempted to get out early, with the fear that the market will take back what it has giving you or just because you think you have made enough money.

All trades can not work and many trades can fail.

I emplore you to look for high percentage trades that have a high proba bility of paying off.

PLEASE DO NOT place trades that you are tempted to go into for whatever reason. PLEASE DO NOT place trades that do not meet your equity management. PLEASE DO NOT place a trade if you have not had the time to make a trading plan as to your entry, stop loss and take profit order. PLEASE DO NOT place a trade if you are not clear on what you are doing and do not understand the rules. PLEASE DO NOT place a trade if you feel you are being emotionally self forced or if someone else is forcing you and most importantly, PLEASE DO NOT place a trade if you cannot afford the loss.

In Summary, continue to educate yourself on how the market works. Make sure you establish a well analyzed and well thought out trading plan and trade that plan. Do not deviate from your plan without creating and having another clear trading plan. Dont risk everything on one trade and do not over trade your account.

All credit goes to the FXChief Jared Martinez

MAINTAIN YOUR FOCUS

Do not marry a trade. Be quick like ( PiPchick/UKDaytrader/PayTheLimit ) to change directions if that is what the chart is saying and most importantly,

WHEN IN DOUBT, STAY OUT.

As we continue to communicate with one another in this forum, lets remember to show respect for each other as we try to grow in a healthy learning environment.

Happy Trading
  • #356,004
  • Jan 2, 2011 12:06pm Jan 2, 2011 12:06pm
Quoting pkimnyc
lol. don't forget that C wave most times form impulse wave. just my 2c.
You are 100 % right . If the Price comes back under 3270 and stays under, that will confimes that friday move was a C wave

Thanks
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #356,005
  • Jan 2, 2011 12:10pm Jan 2, 2011 12:10pm
Quoting pkimnyc
lol. don't forget that C wave most times form impulse wave. just my 2c.

Yes ... we cannot mention that often enough ... same with that never-ending old GAP stories ...

But so what ... some day they will see ... oder auch eben nicht ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #356,006
  • Jan 2, 2011 12:13pm Jan 2, 2011 12:13pm
Quoting samdani786
Is that wave gonna be something like this ?
Samdani ... even direct rise pattern is possible ... be aware of that ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #356,007
  • Jan 2, 2011 12:13pm Jan 2, 2011 12:13pm
Quoting fontu
which cup & handle should work, just seeing it , regualr one ok , all know but one upside down ? may work both this time. first come first services & last to sacrifice or serve a little only .lets see .have fun.

fontu
FONTO: You are seeing it exactly how I see it - Im still bearish the Euro. Since January 1, the news coming out of the EU has being bad by many newspaper articles. We will Just have to wait and see. We are at foremost technical traders, but the news does play a role.

Well Done in your analysis.
  • #356,008
  • Jan 2, 2011 12:17pm Jan 2, 2011 12:17pm
Quoting samdani786
Is that wave gonna be something like this ?

look at this
Attached Image (click to enlarge)
Click to Enlarge Name: 1d eur.gif Size: 36 KB
  • #356,009
  • Jan 2, 2011 12:19pm Jan 2, 2011 12:19pm
Quoting mercy seat
Samdani ... even direct rise pattern is possible ... be aware of that ...
I got you . Thanks Buddy
Attached Image (click to enlarge)
Click to Enlarge Name: 58 h4 channel jan 1 2011.gif Size: 22 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #356,010
  • Jan 2, 2011 12:20pm Jan 2, 2011 12:20pm
EUR is now trading currently at 1.3360
  • #356,011
  • Jan 2, 2011 12:21pm Jan 2, 2011 12:21pm
Quoting kill56
look at this
What a beauty , isnt it ?
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #356,012
  • Jan 2, 2011 12:24pm Jan 2, 2011 12:24pm
I also watch this for help
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 weekly 1-1-2011.gif Size: 16 KB
Click to Enlarge Name: 2 daily 1-1-2011.gif Size: 19 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #356,013
  • Jan 2, 2011 12:38pm Jan 2, 2011 12:38pm
So many major banks closed between today and tomorrow, don't know how this will play out today. Guess the market will belong to China and the hedge funds!
All that is left in FF is just plain garbage. "Cloggie"
  • #356,014
  • Jan 2, 2011 12:45pm Jan 2, 2011 12:45pm
Quoting tonyo524
So many major banks closed between today and tomorrow, don't know how this will play out today. Guess the market will belong to China and the hedge funds!
Don't forget all us retail traders.

If China will have any impact then we should see a drop. A strong USD is good for them.

I left 2 SMALL shorts open Friday afternoon and am looking forward to my brokers opening today.
Don't Panic. Stay With You're Group.
  • #356,015
  • Jan 2, 2011 12:52pm Jan 2, 2011 12:52pm
Quoting malcolmb14
Happy New year...will not be posting in here this year other than this
Just wanted to say one trader in here that used to post exclusively in cable has now kidnapped this thread with complete bullshit that is of no use other than his own chest thumping.

We should all make this year about posting quality posts and be a community rather than a bunch of chest thumping morons, slagging each other off. No one gets any benefit from that and all it does it makes others that really want to learn something from those of us with experience shy away from...

bye bye milky bar kid.
rat
  • #356,016
  • Jan 2, 2011 12:52pm Jan 2, 2011 12:52pm
EUR/USD now trading at 1.3339 Bid price
  • #356,017
  • Jan 2, 2011 12:54pm Jan 2, 2011 12:54pm
And so it begins...
  • #356,018
  • Jan 2, 2011 12:58pm Jan 2, 2011 12:58pm
Quoting rattyo
bye bye milky bar kid.
lmao...
  • #356,019
  • Jan 2, 2011 1:02pm Jan 2, 2011 1:02pm
Quoting rattyo
bye bye milky bar kid.

Quote:
Originally Posted by malcolmb14 http://cdn.forexfactory.com/images/buttons/viewpost.gif
Happy New year...will not be posting in here this year other than this
Just wanted to say one trader in here that used to post exclusively in cable has now kidnapped this thread with complete bullshit that is of no use other than his own chest thumping.

We should all make this year about posting quality posts and be a community rather than a bunch of chest thumping morons, slagging each other off. No one gets any benefit from that and all it does it makes others that really want to learn something from those of us with experience shy away from...


he cant go no where he is still needed here a lot need his help and he cant give up
  • #356,020
  • Jan 2, 2011 1:06pm Jan 2, 2011 1:06pm
Quoting kill56
Quote:
Originally Posted by malcolmb14 http://cdn.forexfactory.com/images/buttons/viewpost.gif
[i]Happy New year...will not be posting in here this year other than this
Just wanted to say one trader in here that used to post exclusively in cable has now kidnapped this thread with complete bullshit that is of no use other than his own chest thumping.

We should all make this year about posting quality posts...
lol... really?
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