EURUSD

Stop hunting I just hate it!nto the pip again. Rule # 12 if you start the day on a loosing streak get out, my weekend starts here. Guyz nd galz trade well nd a good weekend to all. C

Will 1.419 be hit?

Hello pip takers.

Just want to say this morning my news feed reported at 2 minutes to london open ,"Rumours of big clearer buying in eur/dollar ",monitored my chart for evidence I saw a break below 80 ,no evidence to support the rumour so for now cautiously short.

On the bear side will be interesting to see if 4050 which is what i have as a 50% fib area, Can hold as support or give way to the 1.4000 .
A few fundies to support a bear run .

Late yesterday it was reported control of the monitoring of the fly zone over lybia could be handed over within days ,My view is it could ease worries over oil supply from the region,and oil prices can return to true supply and demand levels ,I anticipate to be around $85/barrel.
Think markets realise that any percieved resolution to the conflict will bring oil sharply below $100/barrel possibly.
Remember the $3/barrel drop on the unconfirmed reports there was a ceasefire.
Based on the effects i believe oil has on this pair or any usd cross really, pressure to break the high could be reversed sharply.
Rumour =big reaction
confirmation adds to the move ,retraction/denial =return to were we started.
False rumours are a great tool for the market movers to get better prices from our stops .
I'd say they also screw up our technical analysis too,best to note these events on our charts and discount the high and low from our analysis ,But note what the reaction was had it been true,monitor for any similar news releases know what the market reaction has been.
Activity but not much size since we left 4200 area .

Almost assured you say. What does these words mean to you? If the market is as sure of it as you are, then this fact has already been discounted. How many years of experience with trading based on fundamental analysis do you have?

Anyone getting the whole point here !!?!?!?
with salutations to cloggie

http://www.promo-wholesale.com/Upfil...0090805048.jpg

Adding to longs here, below this area will rethink,
chart:

Bit of a quiet market tonight. Might be time to crack open a Friday night beer instead

It happened to me a lot .
My solution ,split your initail entry in 2 or three chunks .
Enter over a range in stead of an exact to the pip entry,base entry on higher time frame than your entry time frame .
Entering over 30 pip range say with your 35 pip stop is like doubling your stop giving price more room for volatility.

Anyone see us moving south from the high as a bearish sign.?
(only messin)

Thx, this is actually not a bad idea at all! I will look into this and try it out.

Thanks for helping, much appreciated.

re-short at 4160

sl 4170
tp 4090

entered long at 1.4155 target 1.4280

I still say we are going to 280 but Rule # 12 takes preference

Took a couple of hours. Trigger 1.416x ready on H1 now on H4 too ready to be trigger on H4 close and push up.... we'll see

sisse

Have almost the same setup:

Long 1.4160 TP 1.4260

What I think:
for now, we are between levels 50 and weekly low of 61.8.

I think we can easily beat the support ...
but .... it's just what I think ...

exit short for +1pip and took long 5lots @ 1.4160 SL - 1.4139 .. closed at 1.4174

it is Friday, but too slow.. very narrow ranges all across ..

you are on demo ? you have too much shorts.

2 tops forming 4175!