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EURUSD

  • #377,781
  • Feb 2, 2011 3:56am Feb 2, 2011 3:56am
OK, on a way to 1.3750.

This little selloff says to me not to buy EUR anymore.
  • #377,782
  • Feb 2, 2011 3:58am Feb 2, 2011 3:58am
Quoting FibbinArchie
I'd say follow through, with or without retest of old sup as new res or vice versa, clear space on m5, my definition...

Otherwise it gets stuck on the fly paper and can get sucked back in...

I think the stat is that 75% of breakouts are false...
I believe they are but following the daily and hourly reduces this.

And those trades could carry for more then enough pips.. I myself bought yesterday at 3721 but closed for 16 pips... Had a lot of those kind of trades..

I wont sell for now, big moves down and round number in the near...
Have a target at 3780 hope we get a range here from 800-8014...
  • #377,783
  • Feb 2, 2011 4:00am Feb 2, 2011 4:00am
Quoting fr600
Long at 1.3847 (1/2)
Long at 1.3832 (1/2)
Long at 1.3818 (1/2)

SL at 1.3810, TP 1.3905

Edit: Adjusted SL 1.3801
Stopped out and the battle continues.
  • #377,784
  • Feb 2, 2011 4:01am Feb 2, 2011 4:01am
Quoting Kurti
And now to this thread (my last post then you can get your full load of BS and grandness from your fellow traders who only want to help you, NOT)

There are a lot of Noobies, who are looking for guidance and some apparently great traders (of which I have seen many come and go, big surprise) who post silly charts, stupid entries just when the market turns (herd mentality) and have no idea what they are talking about ( manipulated market, volume, short now TP 2000 pips, sure thing, I never am wrong, follow me, you are stupid).
Now some (like me in...
Your observations are very correct. Can anything be done to change things on a forum such as this. Not very likely. Here is what always happens. Some posters such as Cloggie and Magix who understand forex have a following here. Some others come on and have no clue how to trade. Others such as Snatch post mostly intelligent information.

Then what happens always happens. one person tells another their opinion. Then the other strong personality replies. On and on and on.

The MAIN reason trader's lose in forex is they have not dealt with their EGO and do not understand the psychology of trading. Most here trade technically or by price action. Some trade fundamentally. Then there is the voucher system which is in itself a similar issue.

What is the bottom line. There is no bottom line. Everyone posts here for their own agenda. If you use this forum properly you can gain some insight. If you expect to make profits trading technically maybe you can if you use proper risk management. Everyone needs to trade a style that fits their personality. I respect your thoughts and I take no sides since it will serve no purpose. Enjoy your day and notice EUR/USD now testing 1.3800.

The movement in all markets today will determine the direction of EUR/USD.

All charts can go out the Window with ONE RIOT in Egypt or a ADP number of 50,000 or a NFP of 50,000 so be calm, be relaxed. It is all about earning a return from your trading not a return to your EGO.
  • #377,785
  • Feb 2, 2011 4:01am Feb 2, 2011 4:01am
Quoting Vladimir1987
I use a 5min for following my trades, have also 15 min and 1h and daily open so that i look at all of them..

Yes i want with a break a close under this level with a retest to enter with a tight sl.

In this case it was just a run to support and even if it would broke i would have second thoughts cause of the 40 pip move downward..

In the moment of writing we made a consolidation and broke, missed out..
Yes, not sure what I was seeing, needed a few more pieces of the puzzle, now I see it.. Hope to see it sooner next time. cloggie said sell the rally/bounce whatever, he is right often enough to give it weight. ...hope to see it sooner.... Thanks for your replies.
  • #377,786
  • Feb 2, 2011 4:02am Feb 2, 2011 4:02am
Quoting Shah22
traget of that bounce was 3833-35.. and it done.. wanna load some short here.. so done at 3832.. sl 19 pips.. target 3785 first..
out from my short 3794..neutral now.. will see it again after ADP...

supports are now at 3786 and 3769.. above the resistance is now held on 3821..
  • #377,787
  • Feb 2, 2011 4:05am Feb 2, 2011 4:05am
Quoting Shah22
out from my short 3794..neutral now.. will see it again after ADP...

supports are now at 3786 and 3769.. above the resistance is now held on 3821..
consider 3792 daily pivot : p
Hero calls followed by margin calls...
  • #377,788
  • Feb 2, 2011 4:05am Feb 2, 2011 4:05am
Quoting Robert99
Your observations are very correct. Can anything be done to change things on a forum such as this. Not very...
  • #377,789
  • Feb 2, 2011 4:06am Feb 2, 2011 4:06am
- 60 total on EUR and swissy.

This movement is not technically validated. I will stay out of ADP today.
  • #377,790
  • Feb 2, 2011 4:09am Feb 2, 2011 4:09am
Quoting PhAnTi'
consider 3792 daily pivot : p
yup.. and also seeing some bounce 3809-11.. and mainly the news ahead thats why exit.. didnt wanna risk like last day...
  • #377,791
  • Feb 2, 2011 4:09am Feb 2, 2011 4:09am
Quoting PhAnTi'
consider 3792 daily pivot : p
There you have your 3792/3 you talked about this morning :-)
  • #377,792
  • Feb 2, 2011 4:09am Feb 2, 2011 4:09am
Quoting usernamehere
Yes, not sure what I was seeing, needed a few more pieces of the puzzle, now I see it.. Hope to see it sooner next time. cloggie said sell the rally/bounce whatever, he is right often enough to give it weight. ...hope to see it sooner.... Thanks for your replies.
This what i do are for me nobrainer trades.. Just follow the price Here is today and yesterday pic.

Do you see the break of high. This is a false breakout cause of the run prior that... Other is just simple to take.. I myself need just some more guts to take them all instead of one two per day for 10-20 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-02_1303.png Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-02_1305.jpg Size: 68 KB
  • #377,793
  • Feb 2, 2011 4:12am Feb 2, 2011 4:12am
Quoting T@rantula
- 60 total on EUR and swissy.

This movement is not technically validated. I will stay out of ADP today.
Yes sometime our reactions are against us.. last day with me and today with you.. but i beleive you will be cover it soon..
  • #377,794
  • Feb 2, 2011 4:12am Feb 2, 2011 4:12am
Quoting PhAnTi'

I posted exactly where the last bounce happened and got nothing but sh!t from the muppets that could not see what was staring them in the face. Everytime a few traders here start talking sense, the muppets just spoil it for the rest.
  • #377,795
  • Feb 2, 2011 4:13am Feb 2, 2011 4:13am
Quoting Shah22
Yes sometime our reactions are against us.. last day with me and today with you.. but i beleive you will be cover it soon..
how many of us ( including me,excluding T ) switch bull bias into bear bias after friday close rally? and what did monday and tuesday bring to us so far?....
Hero calls followed by margin calls...
  • #377,796
  • Feb 2, 2011 4:13am Feb 2, 2011 4:13am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting T@rantula
- 60 total on EUR and swissy.

This movement is not technically validated. I will stay out of ADP today.
I agree. With a spike like this without news i'm guessing a big seller dropped a load on the market before news.
Trade what you see, not what you think.
  • #377,797
  • Feb 2, 2011 4:14am Feb 2, 2011 4:14am
Quoting ukdaytrader
Make of this what you will, but 30m TF shows some signs of weakness. Some shooting star candles with volume to support selling theory.

I'm not heavily short btw and won't be until I see a proper trend forming, but i'm not long now either. FE161 on upmove was hit, (3830). and it's very important that DX bounces here too, otherwise further Dollar weakness could be very rapid.

I'll be looking closely at the volumes this afternoon.
*whistles*

Anyway, very early days, so let's see what ADP brings us.....
  • #377,798
  • Feb 2, 2011 4:14am Feb 2, 2011 4:14am
Quoting damo
I agree. With a spike like this without news i'm guessing a big seller dropped a load on the market before news.
And that means he already knows something
  • #377,799
  • Feb 2, 2011 4:16am Feb 2, 2011 4:16am
long 3792 , sl 3785, tp around 3815.

dont call.....or kurti will kill me again.

lol.
Hero calls followed by margin calls...
  • #377,800
  • Feb 2, 2011 4:16am Feb 2, 2011 4:16am
Target no. 1 reached. Let see if we can get down to target 2 now...
Quoting BrunargarFx
Hi Cloggie,
I agree, I have 1.379 as target no.1 for today. If it goes below, 1.374 should follow.

On what basis will you set up a long trend from there? Will you buy the dip? Or are you still undecided?
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