EURUSD

the bernake made some vague hints at the last press conference, but still need to monitor economic data for the us.. they may not continue it straight away, but it could still be in the pipeline for later in the year..

We have to get some $ strength at some point. I think we're coming close. In 2 weeks the Greek problem will be forgotten.

Problem is things are not well on this side either, and I really don't see the end just yet.

Nice point for short entry...

Yes, they could call it something else. True.

Yes ... I know ... he has got some merrit ... but not that much ...

There are others which are brave and go ahead with good experience and deep knowledge ... and much more decency ones ...

Sometimes he's got some humor ... but real good humor has more ability to laugh about himself ...



;-|

yep concur, see my subsequent post...

i dunno, he comes out with some real gems at times, and you can tell that he has extensive experience...

i think a speculative short if it breaks below 44419 and holds - tight SL though

wait for 4410 if you want to do that.

Oil soars above $95; Euro follows

Up $2.75 to $95.65 as the predicted dollar-bash begins.
1.4450 and 1.4500 barriers are upside targets.

By Jamie Coleman || June 29, 2011 at 15:26 GMT

Och da hat der Archie seinen Post editiert, vorhin hab ich garnichts verstanden

Ne ist schon klar

I still don't know why and how I should trade this pair, GBP/AUD is doing all the dirty work for me, approaching 200 pips and on the side e/a still locked in 100 trailing pips, what more does one need if not greedy like I am?

oooops , one 4 too many - meant 4419 - will watch for your level though - thanks mate

possible london close counter trend territory, sidelines for now...

Try it with Murrey Math. Most of the time the numbers are pritty the same.

Murrey Math on 4h with p=32 gave 4404 as 8/8 level, +1/8 was 4435.

4465 is +2/8 level


Good rejection levels for 4435 are 4374 (7/8 line) and better 4343 (6/8 level)

4329 is daily pivot. So it was nearly kind of obvious, that we would land between 4343 and 4329 on a high volatility day like today.

Nothing magic, nothing mind boggeling, nothing kind of crystal ball. Only Murrey Math.

double top or bull flag forming on m5. Damn if i know. bbl.

ive never bothered learning about murrey math - do you have a good instruction manual? or is it better as in most cases to plot it (i have a mm indie) and watch it for myself?

I have no clue about 5 min charts but it dont look like we can get any extended drop from these levels.

I agree the EUR has reached the 0.886 retracement forming a W pattern. This is an area where some may consider a short.

Not trying to stir anything, as I stopped posting a while ago when my usual thread became 'dormant'.

Just stopped by to give my usual advice to my favourite bunch of traders, i.e. all you NEWBIES out there who are desperately trying to learn how to trade properly to earn a living of some sorts.

First piece of advice. Don't you EVER allow anyone to put you down, we were all once newbies, and indeed I'm not sure I've encountered a trader who's always right, that's what your stop loss is for i.e. to soften the blow when you take the wrong decision.

Second piece of advice, use your IGNORE button if anyone's degrading you or offending you in any way. The best teachers on this particular thread are the humble guys, i.e. egkid, Tarantula, Kill56, FibbinArchie, Magix, just a few names I remember from this thread in the past.

Now if you do all your personal homework and learning yourself and you're still not clear, then address one of these folk humbly, and you're bound to get a response that won't make you feel like an idiot, which I can assure you, none of you are.

Final piece of advice, if you keep losing money, go back on the demo and keep practising. Trading isn't hard, it's the emotional discipline that is the hardest bit to control i.e. the greed and, at one time for me the fear of being wrong.

Do not, whatever you do, allow anyone to trample on your confidence as the second worst thing you can hold on to, apart from arrogance as a trader, is low self-esteem.

We ALL were once newbies, and we will all learn new things every day, some of these things will be learnt through self-study, some through the market teaching us a lesson, and some through asking mentors on this thread. The one thing, I can assure you though, is nothing is learnt from being bullied into learning, all you get from being bullied is a lesson in how to bully those coming behind you, i.e. the future newbies once you have become an expert.

Trade safe everyone, back to my day job now!

Ibukun

watch 4 H close

the roof is on fire