Dislikedbut beware of a fix in a couple of minutes
wait for that to settle.Ignored
this shit is moving fast.
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
i agree that making mistakes for yourself is the best way to learn.
but settling with one system/edge and then trying to perfect it is what im finding hard.
i know that most indicators are rubbish so after reading/researching for a year i think PA, trendlines, S/R and maybe a few ma's for direction (or floating s/r) are the main things i want on my charts.
but i have been trying to create a system with rules by using the above (PA, trendlines, s/r, ma's) and thats the hard part. so then i read other peoples posts on here to see how they...Ignored
Disliked5m supports are now at 3570, 3563 and 3552.. the resistance at upside are 3588, 3604 and 3617..Ignored
DislikedNo worries. When I started to watch this thread I started to lose money as I found so many ways of trading and I wanted to aplly them all.
After some time it'll settle down and you will find what you like a what fit your personality. Somebody needs a chart full of other stuff like trendlines, fibo tools, arrows, all kind of indis... somebody needs just clean chart with price only. Somebody likes 5M, somebody H1 or higher..
Just my 2 cents.
DislikedThis is a range day. No clear trend. I dont like trading ranges and i dont like to scalp either.
EU is bullish as long as a round number support 1.3450 is holding firm.Ignored
DislikedThere are some useful indicators that can help. Those are "not standard" indicators that give you entry/exit point. U need to vcombine with PA.
QQA, all MAs above all.Ignored
DislikedAgreed thats why i didnt pick the trade for 50-60 pips.. because of the range.. i just catch 10-15 pips only on my levels..scalping to catch some pips that is good..
Still with bulls.. my support is 3423.Ignored
DislikedThanks for the replies everyone, i dont know how to do mulit-quote on here, but appreciate the help!
i actually left out fibs as i dont understand how they can be used properly. i guess if im already trading the orginal trend i can use them for profit taking.
but if im not in a trade and have a fib drawn on daily tf (for example) then how can it help with entries?
also, i thought, where the fib is drawn from is very subjective to each trader. meaning that not every trader might draw his fib on the daily tf or not every trader might...Ignored
Dislikedhttp://cdn.forexfactory.com/images/attach/pdf.gif 2011-01-24_00h37_ASIA DAILY FOREX OUTLOOK - Majors.pdf (10.9 KB)
ASIA DAILY FOREX OUTLOOK - Majors
24 Jan 2011, 00:37
SINGAPORE (Dow Jones)--Following are expected trading ranges and outlooks for nine major currency pairs today:
EUR/USD - to consolidate with bullish bias. Pair buoyed by hawkish rhetoric on inflation from ECB chief Trichet in interview...Ignored