EURUSD

do you remember when it all started? look at the low on a usdx chart.. on the last decade. whose on first. thats when the crash started.

Yeah ...

And I have got three different last rates ... depending on which connection I select ...

Anyway ... have a nice week-end





And dedicated to "reloaded" ... Meret ist ganz sicherlich ein Kind der Muse ... es ist recht schwer im Internet was von ihr zu bekommen ... überwiegend wirst Du wohl unbequemere Wege in Kauf nehmen müssen, wenn Du mehr von ihr in die Finger bekommen möchtest ...

So ist das eben mit der wahren Kunst ... sofern abseits von schnödem Mammon und Kommerz ...




;-|

Right, market closed, off to the pubs now see you folks next week!

have s good one.. im flat.. the week looks bullish piercing and we didnt close below 4277.. red trade close. just before last h ended.

Well done, why not enjoy the profit you made. You did an amazing job recently.

I completely skipped the sleeping part today until london noon and started trading with TY open. short 4220 to 4140, long 4142 to 4284 with 2 positions each. no shorts thereafter, though I was planning to short at 4334.7 (61.8-fib), but the lack of a drop there (selling pressure) made me not do it yet.

I would not have hesitated to sell up there, if there was just anything fundamental about the US around, but the lack of a 'real' dollar-demand just makes me wait a bit more. the tech-level itself doesn't make me open a position that late into the session.

yesterday and today no dustbin-trades, just perfect h4-fib-plays.

Ohne Worte



;-|

Wait till someone comes in and writes a two page article explaining you how the FX markets never closes and their is no gap and blah..

Hoped it would close above 4310 level. Anyway, have to wait to see what happens with Greece over weekend.

Will Angela get her money out for the lads

I've been watching everything but the TY sessions on longer term charts(mostly London & NY), but what you've pointed out looks really interesting. I plotted the TY sessions along with market profile on a H1 chart, and I like what I see.

Thanks for the heads up...

Here's what it looks like. The thing I find interesting is the the majority of the POC's are located during the TY session with the exception of days like today. We did retrace right up to a prior TY session POC today (today's high).... so we'll see what it all means next week.

the only woman I know of wearing her ass in her blouse.

Guys whats the overnight spread you get on Euro from your broker??

I get +0.50 for long EUR/USD and -3.00 USD for one Standard lot short..

Always have a plan...

Something I learned years ago in the stock markets is that you can still be wrong, but by having some strategy or market understanding you won't have to always find yourself buying tops and selling bottoms...and if not prosper in market, at least not lose the farm on any single position...

Watching Volumes, sessions and range of motion can certainly keep ya in the good. Knowing that if you are long in a short market, where will be your next support level, or if we have dropped support, when would be the time to cover loss and reverse your position...

I work a lot of this shit out on an M5 chart always watching the longer terms and in a lot of cases, tripping the M1. Lots of bloodshed on the fast charts if you havent got your shit together to be sure, but at the same time, some of the best entries and exits you will find will be on these charts as well...

The sessions trades are again, just an overall observation of the who is doing what and when and under my bestest understanding of the markets, when the books need to be cleared, knowing where the books have to close again helps keep me out of buying dead nut tops and selling absolute bottoms...

For the most part, I never bother watching any chart longer than a D1, because the corrective and trade patterns of a chart in the weeks for a M1 trader is like trying to get a 6 year old to understand what a million bucks would look like after he ruffles threw the pennies in his piggy bank...Micro analyzing the markets goes a long ways in setting reasonable tps and sls, converting that into a weekly analysis could and would extend these ranges to areas I don't believe any trader should be looking into...a drawdown of hundreds for the possibilities? Cripes, what if you are wrong?

I know, I took a long time to get to a point here, but it is coming...

So, after running out of internet pr0n but still got a lotta beer...the ticks have stopped moving on the charts and just like any other journey and wanting to look back at the map and see where we came from and where we might be heading...I figured Whiskey Tango Foxtrot...lets have a looksie at the weekly...

So, there the epiphany hits...a Mother of all MoFus..

A straight line on the chart shows the importance of the bounce area, maybe this has been posted before, maybe not...given my ego and lack of realitive focus, I typically rarely read through other peoples charts and TA...but here it was...plain as day...the support line.

Ya know, in this game, ya really don't have to be in every trade or a trade all the time to be profitable. Enough range is created that one can easily make a reasonable living off of a few hours per day, (muchly so has been my most recent of plans)...and watching and waiting for them next 500-1000 pip plays for me is typically not in the cards because of a personal salvation of gains credo, but what I am seeing is...

On the fast charts, if this was a M1 or M5, I know I would be hungry for the first ticks down to hammer this mother for the next little attack at support. I don't do fundamentals, could really give a shit less about upgrades and downgrades and stuff that happens in places where I can't even fully appreciate the seasoning they put in their foods, but from the TA side of things, this is enough to wet the appetite...

To me, we are in bear country on this weekly thang, and I am interested in the next wave of attacks to the south side to catch ahold of a few nice shekles down to the next support line on the charts...as a scalper, again, relating the long charts to the fast charts, I am short biased. Now, I had a primo position to follow this going into close of markets, but I really don't feel the need to leave a position open over the weekend, so, am currently flat. I do see hourly resistance in the cards plus will be watching how Chino deals with an area they haven't traded in the week for covers and will look for weakness.

Bottom line...

I really only care about the next 20 pips...I gotta pee right now, and if I don't get off this fucking computer soon, I will be signing divorce papers early next week...but hopefully gave you some entertainment on stuff that won't help you grow hair on your palms or weaken your eyesight going into next weeks opening bells...

Here's the chart.



(on a less personal note, FUCK OPERA for breaking their spell check in the latest upgrade)

Also can someone please tell me the last trading time on their MT4 under 'Marketwatch' and what broker is it from?

22:59 fxdd

whew, after reading all this doubleing of accounts I thought I should join the fun. And I managed, in the last 15m of the day to accomplish just that.

Called up my broker, found out my $26 balance, wire transferred 26 and doubled the acct this week.

Of course next week will be a bit more expensive, I could open another account for $1 and start over I guess.

Hi Hawk2,

Thanks for your humorous comment. I feel a little better now about having never doubled my account!
Good weekend everyone.

My broker is showing 23.14 this week for some reason..

4313 close.. .. ... but the month aint over and dont agree with the weekly. so Sunday we may go back to 4259 the last completed target or 4260 64 ... i still will not long w/o a close on the h above 4325.. unless we pull back first.