EURUSD

Just came in my room. Cannot see clear due to some clouds here. But in news channels, there's lots of live from many other states of India.

Edit: Thanks Egkid for the video

tooo cloudy here ...cant see anything...

-.-

Can we post some good sites for Forex-live news here? I for one mainly read

http://www.zerohedge.com/ and the news feed I have with Dukascopy. And I like Actionforex.

But that is only me, an EW trader who does not care (most of the time) about news.

Regarding the posted STOPS on F-live:

yes, sometimes it works, other times not. I think it depends where they got their information from. Stops of retail-traders, stops of institutional trader etc.

But my message is: no one really needs to know that stuff. It is already in your charts. Look for the S/R-zones. There are the stops located. Look at the fibs: the average trader places his orders around the fib marks.

There is so less to read most of the day (what could really trigger the market). Take this time to look hard in your charts.

Every day you have thousands of "fundamental" data. Try to figure out how they interfere and you are a genius. Only very few information really move the markets.

Was not meant to question fundamental analysis at all, but everyone has to answer a tough question:

Do I really believe that I am able to interpret all this thousands of mosaic stones right while being forced to make trading decisions?

How do I do it? I only take a look at the very important (market moving) news. I do not even try to make up my mind what the news will do to price.

I only will know when the news hits the market. React, do not predict. That is all.

You can see me here often in trying to predict the direction by EW-analysis.
Yes, that is prediction. But I do seldomly trade it. It gives me a clue, a direction, a target, an edge. Call it like you will. It gives me an idea.

But I do only trade, when I have the probability on my side.

Only very very few traders will have the ability to really trade fundamentals. And when they do, they use TA for confirmation, I think. Ask Cloggie or Sisse for example.

Stick to your rules, stick to your MM, stick to only high probability trades.

Success......


Best to all of you,


Markus

Held trendline and supported by Weekly 20MA .. Watching to see if DOW now gets above and closes above Daily 200MA 11933/35ish

I was tempted to dump the scripts today when it started to run..like hitting +12 in same 5M candle where you entered..

Good kickstart to the week

intraday projected...

eclipse here @ 22:13 in Netherlands(30 min)

hoping for a GAP, in the clouds that is...rather a dark cloud cover over here.

phanti, how long did I make it w/out posting...

missed some nice ones while i was practicing on my demo with fibs. good experience though +103 there.

told ya...didnt I ? .....

ok off now ! papapapaparty

get well bro ,

catch ya tomorrow...

up to the party either on london open or close

copy that star gazer just placed the buy ahead of asia.. let it run brother.. call you in an hour - or maybe two.. need some time with my son..

well who couldnt make cash today wont make any in the future

3 1/2 hrs..poor effort..

short again taken for 4156 & or breaks .
fontu

when you say someone is buying it has nothing to do with the direction of a pair. for some reason your putting yourself at a disadvantage. no matter who is buying, they are buying from a seller. so the # if buyers verses sellers is always equal. if more people are buying the ask then price goes up. if the ask is not being bought enough the price drops.
china printing will surpass u.s printing.. so what would you do with your money if you were in china. when your seeing the slowdown.. would you buy a commodity currency or one that benifits from commodities? or the one that benefits from the commodity slowdown,,

Technically I haven't made any yet today. Damn you daily charts!!

hows it going out there .. btw thanks for the info the other day on the daily candles - appreciated much.. outta here .. family time..

ok guys trade update PA action as breach the 3 hr MA waiting for confirmation i have move my stop to BE even at 1.4160 next move if confirm will 6hr MA

one step ahead of you on that one..

I agree and I would dare say that trading only FA is not an option for any retail trader and for most institutional currency traders.

Markus in my case and in simple words FA just give me 2 things: 1) When not to look for a trade in a specific direction (despite that many times the move ends up big enough that it could have been tradabe TA alone) and 2) when to look for a trigger in a specific direction.

At the end is exactly what you are saying: Stick to your rules, stick to your MM, stick to only high probability trades ....in this case those high probability trades are given by my reading on specific macro FA and triggered by a very rigid but very basic set of TA factors. Obviously like all of us we are not always [more often than not probably] right on the perfect move but as in any other approach to trading as long as you can exploit a valid r:r edge...who needs to look somewhere else...

sisse