EURUSD

http://www.forexfactory.com/showthread.php?t=222032

st #1 bear atm

Will you guys confirm please this is to be considered 4th min on USDX?

how can a move like this blow your account? i laugh at 100 pips draw down.

r if 4170.1 is the st low then 4223.3 is the 1 st bull.. either breaking posted low r current high cancels the other.

Most would cry. I've seen some posters on this forum that absolutely detest drawdown. I agree with Mercy. A lot of posters stops are too tight on here but we all trade differently. The risk should be lowered and the stop increased to save from getting cut up too much.

or you manage your margin by holding the trade (if you think it's still good) and go trade the other way.

Depends on balnace/leverage ratio I suppose.

Seb

Gator.
Do I exit now with 100+ pips or do I let it ride, my stop is at 4132?

http://www.forexfactory.com/showthre...22032&page=265

that aqua channel is the weak one. will not hold. those things at the bottom of the chart say up

so 4227, 4247, 4262 all possible

Long GU 6105

will hold onto this one as long as its above 5950

hoping for above 6400 by april


.

Our American friends can no longer do that unless they are using a correlated currency. And that FIFO rule? That's got to be the worst thing. I don't think a broker or should I say, the US government, should tell me what trade I should close first. It's rank.

It depends on what TF u trade. On longer timeframes daily + 100 pips and more is a necessity.

I trade mostly H1 tf and my stops are usually between 15 and 45 pips at the most, usually between 20 and 35

Absolutely agreed.

I knew we would agree on something somewhere along the line

This is the best steady PA since yesterday I have seen since quite a while, made + 200 pips buying on each dip since yesterday and made my pips both for yesterday and today... At this point the EU is in mixed mode, both bullish and bearish and may go both ways.... the major bearish trend has formed as of yesterday, the minor buillish formation took place today and is underway... and this bullish action might take EU to 1.43 before tomorrow before it ends up closing for the week.... but it will be interesting to see if there is any rejection due to the major bearish trend and if there is, it will be best to short at 1.4280 or 1.43.

Hey T. A favour pls check my post bottom of previous page and advise please.
Thanks C

Hehe...It will be much more we will agree on

Well, I have 50% of that description covered, so I'll give some half-a$$ed thoughts back to you.

First, hedge funds don't go stop hunting; generally, they are position takers, and their positions are put on by or via their prime brokers. The latter, in the hats of dealers, of course, might know and care where stops are.

Not saying this is the case here, but as to who is buying. In bubbles, one of the things that happens gradually but steadily is the "standard" ways of viewing the market are repudiated. I.e., TA breaks down or false signals more often than normal, the fundamentals seem detached from the PA, etc. Traders begin to doubt their tools, and begin to pile on moves because "move" becomes the only reality. The psychs sometimes refer to that as a form of social comparison process, and it's a necessary condition for, what Alan G. called "irrational exuberance."

On the other hand, the buying can make sense in a recent-history concept. Every time the preponderance of news has gotten really bad - bad enough to cause writers (as in a case last night) to say things like "it has a 41 handle now, but certainly won't when London opens" the authorities have acted.

The risk for the EUR is that the markets price in all the risks to the EZ, drive it down, and by the weaker currency, self-fulfill the problems or at least make them harder and more expensive to solve. In January, every piece of bad news was met with announced or unannounced Central Bank actions. You can't discount that right now; again, the fundamentals could start a slide, and momentum is real, in physics and in markets.

Can you ever figure out the games? Sure, but in what time frame, and in what potential drawdown cost? It moves most traders to one of two places: short term, scalp, or maybe swing, trades, or to always-in following strategies.

To apply reasoned and economically/financially correct analysis to forex is threatened by two realities:

1. Currency pairs have both a numerator and a denominator, and your bet is always a relative one;

2. It's a market, really, of the lifeblood of world commerce, and of the day to day lives of millions of people who may not even know they can buy and sell the currency. So those whose jobs it is to keep that going don't care about - or even like - forex traders, and often will screw them by accident if they don't set out to screw them on purpose.