EURUSD

never got the 14150 ...

back to the drawing board


Ive closed my long and gone short panda

get same pullback around this levels will C when NY opens
Pound as weel on lead

for as long as we stay above 1.4450-44 we re going higher

maybe this week 4616.

I found the following informative in a general way.

Ask the following questions:
1. Where did the USD close (5pm EST) yesterday against the majors?
2. What effect will today’s economic reports have, if any, on the forex market?
a. FED interest rate movements
b. ECB decisions
c. Unemployment – Weekly Moving Average above or below 400k?
d. Greenspan speaking?
3. Are we at an all time high or low on the EUR or GBP or CHF? Or:
a. Are they way oversold or overbought? Is it better to not trade today?
4. If I make a trade now, what might go wrong? What’s the most I’ll lose? Gain?
Is the market just dead quiet right now? Moving fast?
5. Is the EUR or GBP moving right now? How far are the pairs from support and
resistance?

I know many trader's prefer the easy way and the losing way as well.

A good example was the London open today.

At 2:00 AM the market decided to move up from 1.4370

By 3:00 AM EUR/USD was 1.4399 and once it broke through 1.4400 it headed straight up.

The high on my platform is 1.45014

Then at 5:00 AM the ZEW numbers were awful yet EUR/USD did not sell off very much.

The market wants to go up for the moment and positions are taken for the moment.

As a previous poster pointed out Gold is down and risk is back on and as well GBP/USD has moved up bringing EUR/USD up with it.

Now the questions that need to be asked just like the comments made above in the copy and paste.

Here are my questions for this pair right now.

What news comes out at 8:30 AM ?
Will the Dow move up or down ?
What will Gold do the rest of the day ?
Can Eur/Usd break through 1.4500 and stay there or will it retest 1.4400 ?

You can decide to trade using only the charts or price action however you always trade at a disadvantage if you do not know what factors move the market. The charts on their own just do not do it.

One last question to think about.

USD/JPY is now at 76.55

Do you know where EUR/JPY will be if the BOJ sells Yen and buys Euro so we move to 78.50 ?

This then will effect EUR/USD and the US Dollar Index. How will Gold react.

I hope this post is informative for some here who just do not trade on technicals alone.

Love the song

what aboat 14150

Hi,

been seeing a whole lotta shorts and longs here. Interesting though. But seems I'm the only one seeing 4350 before 4645. Anyone else???

Short 4479, SL 4538, TP 4350.

short 4477. TP 4450, 4380 . collected from long 100 pips

Man you killing me

ask your friends when is the last x-mas shipment to Europe from china , then we will get there

panda

1, Asian time there is small range ( 5 pips tp )

2, london time range is wider range ( 10 to 30 pips tp )

3, ny time its wider again ( hold for 100 pips tp )

4, there is news at economical colander ( stay away but use fib retrace )
http://www.forexfactory.com/calendar.php

5, there is political speeches too ( stay away but use fib retrace )
http://www.forexfactory.com/news.php

6, there is news like earth quake ( stay away but use fib retrace )

7, price action ( buy in low sell in high - depends time frames )

8, support and resistance

9, candle stick patterns

10, money management

11, 3 year experience

12, read http://babypips.com/school

13, http://forex.timezoneconverter.com/#ForexTimeConverter

continue ........someone ...

im with you on this. looking at support in the 4300s before it reaches 4650 again for the first time in months

these days London range 70 ~200

My EA need volume price action support to open order

Hope all in good profit today
Look like 1.49 coming how cloggie predict

2, london time range is wider range ( 10 to 30 pips tp )？lol.
If you are right I would not trade forex
however obviously you are wrong

let see it can break privies R2 now acting as support 1.4466

Gawd, you back again ..... ho hum .....