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  • #528,641
  • Aug 21, 2011 2:22pm Aug 21, 2011 2:22pm
Quoting Mr Breakout
According to my "radar" EUR/USD will retest 4325 before bouncing back.

On Sundays currencies usually love to revisit a previous support/resistance level first. it is like they have some unfinished business to deal with first before moving on.
I think you will find this to be a true statement every day of the week, not just on Sundays.
  • #528,642
  • Aug 21, 2011 2:26pm Aug 21, 2011 2:26pm
1:1..? Or are playing the gap?

Regards

Edit..Meaing sl at round number and opening gap ?


Quoting needpips
looking for 1.4345
  • #528,643
  • Aug 21, 2011 2:28pm Aug 21, 2011 2:28pm
Quoting Venice
I think you will find this to be a true statement every day of the week, not just on Sundays.
Not quite, I noticed that this phenomena appears much more frequently on Sundays. In the past I have been stopped out many times because I did not respect that simple observation/rule.
  • #528,644
  • Aug 21, 2011 2:31pm Aug 21, 2011 2:31pm
Quoting Mr Breakout
Not quite, I noticed that this phenomena appears much more frequently on Sundays. In the past I have been stopped out many times because I did not respect that simple observation/rule.
Mostly because you have ZERO comprehension of charting, markets or price action...

You are an idiot.

IF you actually spent more time reading charts and less time spouting bullshit, you might have something worth saying, instead...just more of your tinfoiled rants that are 100% WORTHLESS!

Stick to reviewing movies...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #528,645
  • Aug 21, 2011 2:32pm Aug 21, 2011 2:32pm
Look Sharp/Trade Tight
  • #528,646
  • Aug 21, 2011 2:36pm Aug 21, 2011 2:36pm
I just went to the kitchen and almost forgot to get a beer
  • #528,647
  • Aug 21, 2011 2:36pm Aug 21, 2011 2:36pm
Heyyyy look whus back, the BASTARD Hunter
welcome back brother

Quoting PayTheLimit
  • #528,648
  • Aug 21, 2011 2:36pm Aug 21, 2011 2:36pm
Quoting chazzle
I just went to the kitchen and almost forgot to get a beer
u sinner...Sup dude
  • #528,649
  • Aug 21, 2011 2:37pm Aug 21, 2011 2:37pm

Quoting Magix
Mostly because you have ZERO comprehension of charting, markets or price action...

You are an idiot.

IF you actually spent more time reading charts and less time spouting bullshit, you might have something worth saying, instead...just more of your tinfoiled rants that are 100% WORTHLESS!

Stick to reviewing movies...
  • #528,650
  • Aug 21, 2011 2:38pm Aug 21, 2011 2:38pm
Quoting chazzle
I just went to the kitchen and almost forgot to get a beer
Dammit Chaz...

Keep yer focus!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #528,651
  • Aug 21, 2011 2:39pm Aug 21, 2011 2:39pm
Quoting ForexRock
But in the short run FA cannot give us any clue about the probable direction of a currency, that's why I don't even bother with FA anymore.
The reason most traders lose in forex is because they either do not know or refuse to learn how to trade properly. You can win short term following whatever method that you use. The more experienced traders can manage to win through their experience using price action or technicals.

The price you see now on EUR/USD is the sum of all the parts including all the thoughts and ideas of all traders including many many losing retail forex traders.

Let me give you on real example of what is a fundamental fact that changes the value of the EUR/USD.

At the moment I see the news out there from dozens of independent sources. IFR news just carried a article on the upcoming Jackson Hole meeting this week in the USA. All of the power brokers will be there.

There is a serious chance of BOJ intervention this week if the USD/JPY tests 76.00 again as it did on friday at 75.94

Let us say you are looking at your charts and even price action and all of a sudden the BOJ sells 50 Billion Yen and buys Euro, Gold and other asset classes. What happens to EUR/USD ?

The movement of other currencies and the movement of markets change the value of all the currencies as new facts come out. Imagine on monday that the dow drops another 500 points. Do you think the money will flow to the Euro ?

Have you seen the yield on the 10 year US bonds ? It is near 2.07%

When US bonds are purchased for safety various assets are sold and converted into US dollars and Us bonds are bought. That changes the value of all currencies. Some of the money goes to USD/JPY for safety reasons and we complete the cycle and the explanation. It is not that hard to watch 5 or 6 currencies while you trade and watch CNBC or Bloomberg to see what Gold, Oil and the European and US markets are doing.

You can continue doing things your way as long as it works for you however without having the needed information you are at a disadvantage to winning currency traders.

Good trading.
  • #528,652
  • Aug 21, 2011 2:39pm Aug 21, 2011 2:39pm
on the beer
Quoting Magix
Dammit Chaz...

Keep yer focus!
  • #528,653
  • Aug 21, 2011 2:40pm Aug 21, 2011 2:40pm
Quoting hkkhanus
Heyyyy look whus back, the BASTARD Hunter
welcome back brother
lol, thanks bro..

I like it...
Look Sharp/Trade Tight
  • #528,654
  • Aug 21, 2011 2:40pm Aug 21, 2011 2:40pm
Quoting hkkhanus
on the beer
>>Nods Head<<

How's a fella supposed to trade if he is all dehydrated n shit...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #528,655
  • Aug 21, 2011 2:43pm Aug 21, 2011 2:43pm
Hello guys.
For EUR/USD, long 1.4370, TP 1.4484 (maybe 1.4450 in a first time).
For indicators, breakout is UP, trend on 2 monthes too.
Be careful, momentum flat, range too.

Good trades all and have a nice week!
  • #528,656
  • Aug 21, 2011 2:45pm Aug 21, 2011 2:45pm
LOL!!! Good point and can't help myself for finding comment funny too.
Market and week just started but waiting till Asia and London opens for a move to trade. I'm waiting to see market setup first.

Best Wishes.



Quoting Magix
Mostly because you have ZERO comprehension of charting, markets or price action...

You are an idiot.

IF you actually spent more time reading charts and less time spouting bullshit, you might have something worth saying, instead...just more of your tinfoiled rants that are 100% WORTHLESS!

Stick to reviewing movies...
  • #528,657
  • Aug 21, 2011 2:46pm Aug 21, 2011 2:46pm
Quoting Magix
Dammit Chaz...

Keep yer focus!
I know - had a twilight zone moment in the kitchen for a split second
  • #528,658
  • Aug 21, 2011 2:46pm Aug 21, 2011 2:46pm
Beer..? shit I need a Doggy downer....
  • #528,659
  • Aug 21, 2011 2:46pm Aug 21, 2011 2:46pm
true i just had three glasses of CARDAMON juice LOL
Quoting Magix
>>Nods Head<<

How's a fella supposed to trade if he is all dehydrated n shit...
  • #528,660
  • Aug 21, 2011 2:47pm Aug 21, 2011 2:47pm
not sure if there will be alot happening in London session as bank holiday
but you never know

Quoting disegnosys
LOL!!! Good point and can't help myself for finding comment funny too.
Market and week just started but waiting till Asia and London opens for a move to trade. I'm waiting to see market setup first.

Best Wishes.

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