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EURUSD

  • #432,821
  • May 2, 2011 6:04am May 2, 2011 6:04am
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This is the only level on 1hour and 4 hr time frame that has no yet been retested.

If this move starts it would form part of text book move .

1) range for few days testing high and low.

2) fake break ,personally I'am looking around 1.4720ish.

3) strong push through the range and quick break higher .

Intraday anything can happen ,but over a few days its a strong senario.

One thing i feel strongly 4765--4715 this area will not be left open .

Otherwise the retailers that entered on break of 4715 to upside would stay in and possibly make some money ,And as we know that is not part of the plan.
making green pips large and red pips small this is my goal.
  • #432,822
  • May 2, 2011 6:05am May 2, 2011 6:05am
i dont understand why you guys are trading and risking your money in this sick moves!

The market is just not tradeble last days/weeks.

There is a golden rule in FX: Better sometime not to trade, then lose your money!

No one can win it! May be one or two trades in profit but mostly its lossing time for all! So common and trade like the pros.

Wait for friday and NFP and then we can see some good moves may be.

Enjoy the week so far
  • #432,823
  • May 2, 2011 6:08am May 2, 2011 6:08am
4850 up for another test, lets see what will it look like for NY open
  • #432,824
  • May 2, 2011 6:09am May 2, 2011 6:09am
geek formation building up
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  • #432,825
  • May 2, 2011 6:09am May 2, 2011 6:09am
Quoting fxkiller
i dont understand why you guys are trading and risking your money in this sick moves!

The market is just not tradeble last days/weeks.
If the market's moving, traders are making money...while others are losing.
Trends, breakouts, price action.
  • #432,826
  • May 2, 2011 6:10am May 2, 2011 6:10am
Quoting paul1
Attachment

This is the only level on 1hour and 4 hr time frame that has no yet been retested.

If this move starts it would form part of text book move .

1) range for few days testing high and low.

2) fake break ,personally I'am looking around 1.4720ish.

3) strong push through the range and quick break higher .

Intraday anything can happen ,but over a few days its a strong senario.

One thing i feel strongly 4765--4715 this area will not be left open .

Otherwise the retailers that entered on break of 4715 to upside would...
Please destroy this plan of attack (secret document ) after reading ,as i dont want our enemies seeing this (big dogs).
Dont let them know we know they know we know what they know and think we dont know what they know .

Because it could get confusing. ya know.
making green pips large and red pips small this is my goal.
  • #432,827
  • May 2, 2011 6:15am May 2, 2011 6:15am
Quoting aizazk
But noticing the lower volume (and then later realizing its bank holidays in europe!) I'm mainly staying on the sidelines for now. Unless some decent volume appears out of nowhere for a potential 15 pip run or something.
Hi aizazk,

Volume? I just got rid of my volume indicator after realising it only showed the data of my broker. Well, better than nothing, but after all not such a great indicator in my book.

Do you have other data? After browsing the web a little I only found broker-based data?

Regards,

LD
Fail better.
  • #432,828
  • May 2, 2011 6:18am May 2, 2011 6:18am
Quoting fxkiller
i dont understand why you guys are trading and risking your money in this sick moves!

The market is just not tradeble last days/weeks.

There is a golden rule in FX: Better sometime not to trade, then lose your money!

No one can win it! May be one or two trades in profit but mostly its lossing time for all! So common and trade like the pros.

Wait for friday and NFP and then we can see some good moves may be.

Enjoy the week so far


If you do not like this environment, are you sure you should be trading Forex?

Last days ranging markets was very easy to trade.

Last weeks? Look at a chart and tell me what you see.......


Best to you,

Markus
  • #432,829
  • May 2, 2011 6:20am May 2, 2011 6:20am
Quoting PayTheLimit
expecting nothing unless we take out either 4832/50 or 4758/76....thus its in the bloody mary zone....
still....
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Look Sharp/Trade Tight
  • #432,830
  • May 2, 2011 6:21am May 2, 2011 6:21am
Quoting Larseg
geek formation building up

*geek alert*
Look Sharp/Trade Tight
  • #432,831
  • May 2, 2011 6:23am May 2, 2011 6:23am
Quoting infinitus
If you do not like this environment, are you sure you should be trading Forex?

Last days ranging markets was very easy to trade.

Last weeks? Look at a chart and tell me what you see.......


Best to you,

Markus
/agree

It is so easy to trade euro knowing where the range is. Just wait for it to reach extreme ends and bam. Make money.
  • #432,832
  • May 2, 2011 6:23am May 2, 2011 6:23am
Quoting LarryDarrell
Hi aizazk,

Volume? I just got rid of my volume indicator after realising it only showed the data of my broker. Well, better than nothing, but after all not such a great indicator in my book.

Do you have other data? After browsing the web a little I only found broker-based data?

Regards,

LD
No indicators buddy, just study price action and you'll notice what a market is like in a high volume state and a low volume state - there's a difference. Candles are normally larger and moves are more fluid, not to mention breakouts occuring in smaller time frames.
Trends, breakouts, price action.
  • #432,833
  • May 2, 2011 6:24am May 2, 2011 6:24am
Quoting fxkiller
i dont understand why you guys are trading and risking your money in this sick moves!

The market is just not tradeble last days/weeks.

There is a golden rule in FX: Better sometime not to trade, then lose your money!

No one can win it! May be one or two trades in profit but mostly its lossing time for all! So common and trade like the pros.

Wait for friday and NFP and then we can see some good moves may be.

Enjoy the week so far

I've made 40pips today... more than my daily target... sound MM and I'm done for the day... nothing wrong if you plan your trade and follow your rules...
  • #432,834
  • May 2, 2011 6:26am May 2, 2011 6:26am
Quoting infinitus
If you do not like this environment, are you sure you should be trading Forex?

Last days ranging markets was very easy to trade.

Last weeks? Look at a chart and tell me what you see.......


Best to you,

Markus
I am trading Forex since 8 years my brother and doing very well with it.. So dont tell or ask me things like this..

And sorry to say, but also in forum 80% traders are unprofessionals! And if someone really made good money last days, then its only good luck and not good trading my dear...

I just shared my view...continue with your trades..good luck to you and all !
  • #432,835
  • May 2, 2011 6:27am May 2, 2011 6:27am
Quoting fxkiller
I am trading Forex since 8 years my brother and doing very well with it.. So dont tell or ask me things like this..

And sorry to say, but also in forum 80% traders are unprofessionals! And if someone really made good money last days, then its only good luck and not good trading my dear...

I just shared my view...continue with your trades..good luck to you and all !
but also in forum 80% traders are unprofessionals!

81,45993 % my dear. obv !

Quote
And if someone really made good money last days, then its only good luck and not good trading my dear...

??
Hero calls followed by margin calls...
  • #432,836
  • May 2, 2011 6:28am May 2, 2011 6:28am
Quoting aizazk
No indicators buddy, just study price action and you'll notice what a market is like in a high volume state and a low volume state - there's a difference. Candles are normally larger and moves are more fluid, not to mention breakouts occuring in smaller time frames.
thanks for your note but you know the price action and indicators are presented diffident meaning of movement. it does not mean which is great it mean each of them has its translation from mathematics language.

have a great trade.
Good companion, is a trophy.
  • #432,837
  • May 2, 2011 6:34am May 2, 2011 6:34am
Quoting fxkiller
I am trading Forex since 8 years my brother and doing very well with it.. So dont tell or ask me things like this..

And sorry to say, but also in forum 80% traders are unprofessionals! And if someone really made good money last days, then its only good luck and not good trading my dear...

I just shared my view...continue with your trades..good luck to you and all !
Hmm..not sure exactly what days/weeks you're referring to. It depends on ones plan and strategy how they attack the market. I had a decent past few weeks scalping a couple of pips at a time. On days there were bank holidays in some sessions, I just stayed away.

Maybe if you're a position trader and looking for trend based trades, yeah you're probably having some trouble looking for good opportunities, but I've been happy scalping so far. (P.S. I only recently started experimenting with scalping after position/swing trading for most of my trading experience).
Trends, breakouts, price action.
  • #432,838
  • May 2, 2011 6:34am May 2, 2011 6:34am
Quoting yaser2us
thanks for your note but you know the price action and indicators are presented diffident meaning of movement. it does not mean which is great it mean each of them has its translation from mathematics language.

have a great trade.
The only thing you can trade now is the range. Wait for it to reach the top/bottom, then proceed to place an order in the opposite direction.

And having said that, I'm looking to short around somewhere around 4870. If it ever gets there.
  • #432,839
  • May 2, 2011 6:39am May 2, 2011 6:39am
damn i left euro at 4848, went down and played gta vice city for 2 hours and the idiot is still where i left it

sounds like we do not see much action today
  • #432,840
  • May 2, 2011 6:41am May 2, 2011 6:41am
Quoting hindustani
damn i left euro at 4848, went down and played gta vice city for 2 hours and the idiot is still where i left it

sounds like we do not see much action today
Hero calls followed by margin calls...
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