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  • #413,361
  • Mar 25, 2011 3:03am Mar 25, 2011 3:03am
Quoting veer2010
When it comes to Euro, I do not trade on technicals.. I trade on fundamentals. I think the rate hike expectation is holding euro well up and providing a decent support. Since the rate hike is almost assured, euro will shoot up beyond resistance.. definately +300 pips.. I may consider closing 2/3 positions if it reaches 1.4300 and then close the rest when it reaches my target. So far I'm +20 in a green zone..

Fair enough. Good trading to you.
  • #413,362
  • Mar 25, 2011 3:04am Mar 25, 2011 3:04am
Quoting fxpreacher
Maybe you should try technicals.
why? Everyone has different perspective right?
  • #413,363
  • Mar 25, 2011 3:04am Mar 25, 2011 3:04am
Quoting rattyo
a big deal is being made out of the 14282 level.

There are more spikes older ones in the 143's

14333, 14362, 14449, 14582, 14718 more signifcant than


14282, dont see it as a big deal myself.
it is a big deal.. if you can hold above you go down.. its last weeks close. if we close today below.. we end the week with a bearish harami
that will leave open a possible attempt of 3980 or 3986 for next week.
those who can, do. those who cant, talk about those who can
  • #413,364
  • Mar 25, 2011 3:07am Mar 25, 2011 3:07am
Quoting veer2010
When it comes to Euro, I do not trade on technicals.. I trade on fundamentals. I think the rate hike expectation is holding euro well up and providing a decent support. Since the rate hike is almost assured, euro will shoot up beyond resistance.. definately +300 pips.. I may consider closing 2/3 positions if it reaches 1.4300 and then close the rest when it reaches my target. So far I'm +20 in a green zone..
Interesting but if I may ask how are you translating FA into TA trading signals. In simple words why 1,430x, what price resistance? and where is the price support on that hike rate?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #413,365
  • Mar 25, 2011 3:08am Mar 25, 2011 3:08am
Quoting Chicky
Yep, 10K Account

ps. Got stopped out
Me too, now I'm on the side dont know where to from here!
  • #413,366
  • Mar 25, 2011 3:08am Mar 25, 2011 3:08am
this market is no fun. -60 pips yesterday.

I wonder if I should take a day off.
  • #413,367
  • Mar 25, 2011 3:09am Mar 25, 2011 3:09am
Quoting Cluelus
Long @ 180 TP @ 280 SL @ 164 lets see now
IMO this is time to enter(4160)

stop below 4150 or 4140


.
Mind over matter..I don't mind and you don't matter.
  • #413,368
  • Mar 25, 2011 3:12am Mar 25, 2011 3:12am
Quoting Cluelus
Me too, now I'm on the side dont know where to from here!
Sorry mate i didn't know you were holding the position before London opens...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #413,369
  • Mar 25, 2011 3:12am Mar 25, 2011 3:12am
Quoting sisse
Interesting but if I may ask how are you translating FA into TA trading signals. In simple words why 1,430x, what price resistance? and where is the price support on that hike rate?

sisse
I do not see too much of a resistance lines or the support lines. My way of trading is totally fundamental. I tried technical trading before but to no avail. In fundamental analysis, the support or the resistance I talk about is more of a consolidation phase. Currently, Euro is consolidating before sprinting higher.. the rate hike will keep the euro well bid.. I wudn't have traded otherwise.. 2/3 closing could be at 1.4300 or higher..I have not decided yet..depends on the price action..I will not decide that based on any resistance line or any other shit.. I wil close my 2/3 of the position when euro starts to consolidate again... thats how it is..
  • #413,370
  • Mar 25, 2011 3:14am Mar 25, 2011 3:14am
Quoting JuliusCeasar
IMO this is time to enter(4160)

stop below 4150 or 4140


.
Back in @164 TP still the same but SL below the DPP at 140 Ok lets do it!
  • #413,371
  • Mar 25, 2011 3:15am Mar 25, 2011 3:15am
CHF
Attached Image
The Thief of Wall Street
  • #413,372
  • Mar 25, 2011 3:15am Mar 25, 2011 3:15am
just remember this magic price 1,4173/2
No crystal ball. I read the cards.
  • #413,373
  • Mar 25, 2011 3:16am Mar 25, 2011 3:16am
lol the market is so funny. nobody dares to push prices higher but the moment they get a chance at a bargain they buy up everything. funny funny
  • #413,374
  • Mar 25, 2011 3:18am Mar 25, 2011 3:18am
Quoting sisse
Sorry mate i didn't know you were holding the position before London opens...

sisse
Sisse
Forex happens you just keep going, thanx anyway C
  • #413,375
  • Mar 25, 2011 3:19am Mar 25, 2011 3:19am
Quoting Cluelus
Back in @164 TP still the same but SL below the DPP at 140 Ok lets do it!


M30 and H1 look promising

This might give above 4250 today


.
Mind over matter..I don't mind and you don't matter.
  • #413,376
  • Mar 25, 2011 3:20am Mar 25, 2011 3:20am
bear complete. s 4178.
those who can, do. those who cant, talk about those who can
  • #413,377
  • Mar 25, 2011 3:21am Mar 25, 2011 3:21am
Quoting veer2010
I do not see too much of a resistance lines or the support lines. My way of trading is totally fundamental. I tried technical trading before but to no avail. In fundamental analysis, the support or the resistance I talk about is more of a consolidation phase. Currently, Euro is consolidating before sprinting higher.. the rate hike will keep the euro well bid.. I wudn't have traded otherwise.. 2/3 closing could be at 1.4300 or higher..I have not decided yet..depends on the price action..I will not decide that based on any resistance line or any other...
Sure, I do include FA in all my direction analysis if you have read any of my posts before. In any case, I was just referring to the Price part of your post "...depends on the price action" "....euro starts to consolidate again." "...closing could be at 1.430" based on price reaction to what levels? what price action, candles, charts, volume,etc ? why makes you think is a consolidation? you mentioned breaking resistance, resistance based on?, the same on support?....

...in any case if you don't want to share or exchange views is understandable is just rare to find FA pure traders in FF and I was interesting in your view on the practical trading of those numbers...

best of luck in your trading.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #413,378
  • Mar 25, 2011 3:22am Mar 25, 2011 3:22am
Quoting JuliusCeasar


M30 and H1 look promising

This might give above 4250 today


.
Hope so cos you cant work a mouse with your fingers crossed
  • #413,379
  • Mar 25, 2011 3:24am Mar 25, 2011 3:24am
Quoting gatorinla
bear complete. s 4178.
looking next for 4148.3 st
those who can, do. those who cant, talk about those who can
  • #413,380
  • Mar 25, 2011 3:26am Mar 25, 2011 3:26am
Quoting Chicky
Many strong gentlemen tried but could not satisfy a woman, finally a thin. lean and bald person achieved this objective. People asked what was the trick, he replied: "Sometimes a man has to ues his head"

This is what we do in that situation.

Yes, they do drink Irish Coffee one hour before London starts trading (normally referred to as Franky Session).
Thankyou Nice humorus start to the day
making green pips large and red pips small this is my goal.
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