EURUSD

hehehe

DON'T MEAN TO PICK A FIGHT BUT THIS NONESENSE IS EXACTLY THAT - NONESENSE


making trader feel like they have nothing to offer



traders help traders is the role here - we have enough parameters against us without muppet and puppet masters giving it large bullshit



any pair any tf any time you wanna go - PM ME

lol, im goin back to hidin too

step out the way fruit fcuk

I'm proud to be a muppet!

I hope you did not take my post in a personal way. It does take someone as yourself who has earned respect to speak out from time to time.

The person that thinks he/she knows it all knows not a thing. I find that in general the way someone behaves shows how they trade.

I find it troubling that certain posters and their associates behave like a wolf pack to attack others and I am certain they discourage others to post in fear of being made fun of.

This post is positive because the truth is always positive. I look forward to your insights and posts and to those that see things in a different way they need to decide what is fair or not.

when blunt its cutting - ANY PAIR ANY TF ANY TIME

Hahahaha

need a hug?

We're fighting the 50% Fibonaci retracement of the last wave down (on the daily chart). 62% is at the 1,3213 zone.

Lets see what happens and if we get a weekly close below the 200MA (around 1,3080).

Cheers!

Market Investor

nothing else to do or add, other than unfortunatly a big dick(head) appears to be more satisfying than a big account.

i pissed against the wind today, as i traded according to my planned pendings at 3078... well, that shit happens.

edit: misplaced that arrow, sorry, can't edit the image any more.

I am not usually like this but something has to be said and done here - pity its become a wolfe ( 5 wave correction ) against anyone who shares to differ a view - wtfx


visit me Price is everything - no chat but charts

a touch of 3127 may get this ball rolling

Ignore button: check.

Hda: deserves a big round of applause for setting the standard for positive energy. Yes, even though I too have slung mud at him he did not take the bait. Keep up the good work, Hda.

its not a hug its a fuck

I normally post links however I am not sure if I should here since the link comes with advertising and I see by the rules here this thread is not commercial. Some comments on that would be appreciated by the old timers.

Here is the information I just read.

Trading the News: European Central Bank Interest Rate Decision

Why Is This Event Important:

The euro is likely to face increased volatility over the next 24 hours of trading as the European Central Bank is scheduled to announce its interest rate decision on Thursday at 12:45 GMT, and the central bank is widely expected to maintain a dovish outlook for future policy as the region faces an uneven recovery. However, as Spain and Italy plan to tap the bond market tomorrow, the results of the debt auction could overshadow the rate decision as the risk for contagion intensifies.


What’s Expected:
Time of release:01/13/2011 12:45 GMT, 7:45 EST
Primary Pair Impact :EURUSD
Expected: 1.00%
Previous: 1.00%
DailyFX Forecast:1.00%


Will This Be Market Moving (Scenarios):

A Bloomberg News survey shows all of the 53 economists polled forecast the Governing to hold the benchmark interest rate at 1.00%, but the market may show a muted reaction to the announcement as ECB President Trichet is scheduled to announce the policy statement at the press conference beginning at 13:30 GMT. The central bank head may attempt to talk down the risk for contagion as the sovereign debt crisis continues to weigh on investor confidence, but comments from the central bank head may fail to lift sprits as market participants speculate Spain and Portugal to share Ireland’s ill fate.


The Upside
Consumer prices in the Euro-Zone jumped to an annualized 2.2% in December to mark the fastest pace of growth since October 2008, and the rebound in inflation could lead the ECB to drop its dovish tone as it maintains its one and only mandate to ensure price stability. In turn, an upward shift in the central bank’s economic assessment could fuel the recent rally in the euro, and the EUR/USD may continue to retrace the sharp decline from earlier this year as European policy makers hold an enhanced outlook for the region.


The Downside
The final GDP report for the euro-area showed economic activity increased 0.3% in the third-quarter amid an initial forecast for a 0.4% expansion, while business investments unexpectedly slipped 0.3% after rising 2.0% during the previous period. As the private sector remains weak, with unemployment holding at a record high, the ECB may show an increased willingness to delay its exit strategy further, and dovish comments from the central bank could lead the EUR/USD to retrace the rebound from earlier this week as interest rate expectations falter.


How To Trade This Event Risk

As the ECB releases its policy statement half an hour after its interest rate announcement, trading this event is certainly not as clear cut as some of our previous trades, but comments from the central bank could set the stage for a long euro trade as European policy makers aim to restore investor confidence. Therefore, if the ECB raises its economic outlook and sets a clear timeline of when it will implement its exit strategy, we will need to see a green, five-minute candle following the statement to generate a buy entry on two-lots of EUR/USD. Once these conditions are met, we will set the initial stop at the nearby swing low or a reasonable distance after taking market volatility into account, and this risk will establish our first objective. The second target will be based on discretion, and we will move the stop on the second lot to breakeven once the first trade reaches its mark in order to preserve our profits.


In contrast, the ECB may hold a cautious outlook for the region as the tough austerity measures bear down on economic recovery, and the central bank may continue to talk down the risks for inflation as it expects the ongoing slack within the private sector to drag on price growth. As a result, if the ECB holds a highly dovish tone for future policy, we will utilize the same setup for a short euro-dollar trade as the long position mentioned above, just in reverse.

touch it. r 38...

Evening ya bastids I'm long from 3051 tp and short at 3161 If anyone can find any conventional reason why this will work I'd like to know. If ur bored u can read my updated profile.

when the Seahawks kick Bear ass at Chicago this weekend. As good an excuse as any...

I'm only part time hobby trader but i think i could share some things i've learned over my 6 years in trading this market.

Here are some tips that will keep you in the game.

1. Have a clear stradegy that lets you enter and exit based on price action or indicator (i use both). The entry and exit should be based on physical evidence on the charts and not what you think will happen next. Your risk reward ratio should be higher then 1:1. I prefer 3:1.

2. be able to define your risk based on research. For example: My risk reward is based on 3:1 which is based on market movement during high volitility (early usa trading). If i enter a trade i can be pretty assured that i can get at least 30-50 points (the average daily trading range on eur/usd is around 80). On the other hand, if i trade Asia my risk reward standard based on the points potential is much lower. If i enter a trade late in usa trading my risk/reward is much lower then if i enter a trade early in trading.

3. Define your weakness and employ some safety techiques or otherwise defined as money management (risk/reward is money management as well). My weakness includes: over-trading, taking to many trades and losing to much money in one day, and not being able to walk away when the market seems unpredictable. Based on my weaknesses i set rules such as: Max trades per day is 3. I've learned to focus my attention on other things but the market so i can walk away easily when there is no setup. I manage my time watching the market usually 2-3 hours a day to keep from getting adicted. I manage the times that i trade as to keep my profit potential maximized.

4. When in a trade never assume the market will keep moving in your favor. Find a way to trail your stop every 1-10 minutes when day trading.

5. Always, i mean always have a stop no matter what. I blew up a 10,000 account because i didn't place a stop. remember that your stop should be less then your take profit. And your take profit should be attainable. You can't have a take profit of 300 when the market only moves 100 points during that day.

6. The market is a vehicle to make your life easier monetarily. It should not be used for entertainment. If you spend most of your time watching the market then you probably will get isolated and depressed. The maket should not be a replacement for family and friends.

7. Don't quit your job unless you already have a proven record over a period of 6 months. You can find a way to trade the market based on your available time. Tune your trading style, and your risk/reward ratio, into the type of market you are trading. If the maket has a 100 point daily range then shoot for 50 points. If you can make 50 points with a 10 points stop loss consistantly then you will be profitable