EURUSD

initial capital have nothing to do with that in my opinion
u may start with 10000 and have 100000 after couple of years or so
10 % will be significant damage to your initial capital but not for your current account size
anyway 15% loss on one bad trade is too much for me

It appears to be choosing the down direction for now first support at 1.4397 anybody agrees?

I wonder how many traders would be successful if they could get this right? I find it hard to do, but the easiest way to do it is to set your stop on entry, and stick to it... and forget the conspiracy shit, if you get stopped out and it goes in your direction, so be it, you'll eventually learn where to put your stops.

i personally dont see a direction yet, we are still in this fairly large box...

Before it hits that it will bounce off the pivot and try to go back up. But i hope it goes down so it can bring down the pound. Got the pound short.

I think its good to think fundamentally at this stage and is the debt crisis really priced in already or not?

If you were to set a position without SL, which way would you go? And if you don't know your better of sitting on the sideline until you know,

my 5 cents...


xoxo,
Lars

I think if EURUSD cannot test 1.4510....may turn bak down to break 1.4385

how is it going mate...making green pips as usual!!??

Wow .. gone for a day and the USD takes a beating.

Can anyone 'fundamentally '&' Logically explain WTF is up with Silver?

Eur seems to be stalling ... Any excuse to take profits is what we need. To many individuals in a carry trade with Aud, Euro, etc. ...

This forum is a great discussion and learning tool but be wary of making decisions based soley on anything you read here irrespective of the reputation of the poster. If you trust them that much give them your account and let them take a commission.

The EURUSD is at highs, highs that have no meaningful resistance beyond the psychological...and with all markets the herd can change their psychology at any loud noise. Its much harder to employ TA at long term highs or lows.

My take on EUR v USD is this. Recently whenever bad news has come out the USD has been hurt and not really recovered, however bad news for the EUR although causes a step backwards is soon followed by two steps forward.

To that end the EUR seems robust and the USD weak. Euro ironically takes its greatest hits from the impact of some of its members attending to their damaged debt ridden economies...and the USD is probably weak because it isnt attending to its debt ridden economy.

Mulitply this by China interceding to buy up trillions of govt bonds...recently moving into Europe (China is a rich man in a bargain basement shop at the moment and once these old economies recover China will be left in a very strong position, both negotiation wise and financially). While China supports both the US and EUR debt crisis both can continue their recovery.

However the Euro seems long term stronger at the moment and the USD weaker, the US has massive 'glossed over' debt issues...they will come home to roost...not all at once but progressively. Thus...when sitting at the top of a chart...I see less risk in beang a Euro Bull than a Bear.

It has traded in a 20 pip but mostly 10 pip range for the last 5 hours so unless you are talking about a flat direction there ain't no other.

I hope Asia starts taking profit or entering into a short trade here.

I can't lie, I know I know .. don't be biased. But right now with the China bubble starting to surfice, and just look at commodities .. I am just USD biased.

So I am sidelined until I see a trigger to enter {looking with MACD, RSI & Ema/stoc.} ... also will play fibs with this one .. and of course trendlines.

watching 4507 or 4510

If we dont se 2.000 its probably going to 1.000 before 0.5000

watching for what? or are those just your trend line spots?

It's about that time of the week for some ECB bankers to start talking ... Just wonder what indication they will give as to Greece, etc.

Oh did anyone here about the 'brics' group forming? scary stuff for our future {U.S. here}

s/o this 1/4 one for -35
the other one 1/2 +56
1/4 85
closed the first 1/4 for 120

i got very tiny pending short at 14505 with SL 14525 , it will not survive asian stop hunting if there will be some

for a sell candle..

oil still has not closed below 105.69. but flag is now starting to wedge. so we may see a new attempt for 105.69