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  • #443,061
  • May 16, 2011 9:39pm May 16, 2011 9:39pm
Quoting ForexSam
I am still short below 1.4155. But I have no idea what I am doing Is someone willing to explain the oil thing to me. I see that it is locked up around 97. But what does that mean to me? If it breaks North, am I screwed? Higher Oil = Higher EU ?

Thanks
Oil up = Dollar down.
Oil down = Dollar up.

Keep your focus on the pair you trade and you won't have to try remember any other rules other than, buy in a long market and sell in a short.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #443,062
  • May 16, 2011 9:45pm May 16, 2011 9:45pm
Quoting ForexSam
thx, I will take any advice I can get. and since you have 100 posts ... your up on me
i do hold short position too...
looking to test yesterday low 4025 level...
then will prefer a bounce up
Patience, Emotion Control and Discipline.
  • #443,063
  • May 16, 2011 9:46pm May 16, 2011 9:46pm
Quoting Magix
Oil up = Dollar down.
Oil down = Dollar up.

Keep your focus on the pair you trade and you won't have to try remember any other rules other than, buy in a long market and sell in a short.
Roger that. I only trade EU for now. Trend M5 looks down...I Short when Stoch is > 80 Thats sorta it. After a good break, price tends not to return to the open of the bar... that's S/L

I really don't have a grasp on the S/R so my entries and exits aren't the best.
  • #443,064
  • May 16, 2011 9:53pm May 16, 2011 9:53pm
1 more time for the Blackgold then sleep time

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  • #443,065
  • May 16, 2011 9:57pm May 16, 2011 9:57pm
Hello, friends. Here I go again. I'm back in the market. My prediction, the euro will fall. Why, I'll explain.
  • #443,066
  • May 16, 2011 9:59pm May 16, 2011 9:59pm
Quoting Ben Kenwood
Hello, friends. Here I go again. I'm back in the market. My prediction, the euro will fall. Why, I'll explain.
Hopefully before it reaches 1.4155...
  • #443,067
  • May 16, 2011 10:00pm May 16, 2011 10:00pm
Toyota CFO today threatened to move out company's production from Japan after 75% drop in profit, Japanese govt has failed to halt the slide of yen and its simply not feasible for Japanese govt to protect yen anymore he said.
  • #443,068
  • May 16, 2011 10:03pm May 16, 2011 10:03pm
I'm still so new at this. I've been thinking in fundamentals for the past 30 years in overall politics and economics. But forex is quite different I see.

My "sentiment" based on fundamentals is that the US has a debt and spending problem and that it is bound to get worse before it gets better. On the other hand the EUR Zone is a wobbly beast - a Frankenstein's monster so to speak - with a somewhat sound core (Germany).

The US has a political elite that seems to be intent on devaluing its own currency yet the EUR Zone is under the constant threat of falling a part.

So there's a constant struggle between these two degenerate currencies: The fascinating dynamics of forex!

So now I'm trying to view the entirety in terms of fundamentals, sentiments as well as technical trading. I've been at it January (live account). I've practiced sound money management so I haven't lost too much - I'll mark it down as my tuition.

Bringing these three elements together I hope to become successful at this one of these days.

Please feel free to offer any advice, tips, gold nuggets... and they will be greatly appreciated!

Happy trading!!!!
  • #443,069
  • May 16, 2011 10:04pm May 16, 2011 10:04pm
Forecast to the EURUSD. Level of 1.4250 was broken. Broken support line of the uptrend. May be a slight correction of the EURUSD. But the way the EURUSD down. We expect depreciation of the EURUSD to 1.3800, and then to 1.3400. Do not forget, the EURUSD began its journey to the collapse. Now EURUSD does not hold. You see. My forecast from May 10, 2011 is coming true.
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  • #443,070
  • May 16, 2011 10:08pm May 16, 2011 10:08pm
Quoting Ben Kenwood
Forecast to the EURUSD. Level of 1.4250 was broken. Broken support line of the uptrend. May be a slight correction of the EURUSD. But the way the EURUSD down. We expect depreciation of the EURUSD to 1.3800, and then to 1.3400. Do not forget, the EURUSD began its journey to the collapse. Now EURUSD does not hold. You see. My forecast from May 10, 2011 is coming true.
Oke verry nice you can predict here comes the most importance question did you played it
  • #443,071
  • May 16, 2011 10:08pm May 16, 2011 10:08pm
outlook
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KEEP IT SIMPLE PIPPING
  • #443,072
  • May 16, 2011 10:10pm May 16, 2011 10:10pm
Quoting ForexSam
Hopefully before it reaches 1.4155...
1.4155 - It's not far away. Get lucky in the market.
  • #443,073
  • May 16, 2011 10:11pm May 16, 2011 10:11pm
Gator, do we have a Gartley level - 1H?
The Thief of Wall Street
  • #443,074
  • May 16, 2011 10:13pm May 16, 2011 10:13pm
Quoting jvh2811
outlook
1.4157


Thanks for kicking me when I'm down
  • #443,075
  • May 16, 2011 10:15pm May 16, 2011 10:15pm
daily looking quite week
  • #443,076
  • May 16, 2011 10:15pm May 16, 2011 10:15pm
Quoting Ben Kenwood
1.4155 - It's not far away. Get lucky in the market.
LOL...you misunderstood.. I wanted the EU to fail BEFORE it got to 1.4155...Stopped out
  • #443,077
  • May 16, 2011 10:15pm May 16, 2011 10:15pm
Quoting ingmarforex
Oke verry nice you can predict here comes the most importance question did you played it
Of course. After all, you can see my avatar. To be sure, and I Statement show.
  • #443,078
  • May 16, 2011 10:19pm May 16, 2011 10:19pm
Anyone looking Short .... or should I just go to bed?
  • #443,079
  • May 16, 2011 10:21pm May 16, 2011 10:21pm
Quoting gatorinla
#4 4137.7
#5 crap in the middle..
#6 4014.2
#7 3998.8
all st.. still need a day close below 4053 ish ect..
mid/short next target still 4009.. and may bounce at 4005..
sos... no bulls w/o.....4157.9..... we have come within a pip atm.....
those who can, do. those who cant, talk about those who can
  • #443,080
  • May 16, 2011 10:21pm May 16, 2011 10:21pm
Quoting ForexSam
LOL...you misunderstood.. I wanted the EU to fail BEFORE it got to 1.4155...Stopped out
Ha-ha-ha! )))) I promised to you to move the market. Now everything is in order. Doubts away! )
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